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Certified Internal Auditor, CIA in OMAN

OSOOL for Training & Consulting has implemented a training qualifying program of a Certified Internal Auditor,CIA in order to qualify the participants for an international exam to obtain the certificate of CIA from the Institute of Internal Auditors (IIA), which is considered as a leading aspect in the world of auditing empowering the professionals on this field, in order to excellence their performances, it is a fellowship certificate of internal auditors and it helps to set new qualified generation professionally & internationally to face the economic challenges which have been faced by the world at the age of globalization, the need of labor markets to the holders of this certificate, therefore rising the value of benefits and job opportunities for them. The program was attended by an elite group of institutions in Oman.

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Talent Management

In cooperation with the Capital Market Authority, OSOOL for training and consulting concluded the activities of the distinctive training program (Talent Management), which targeted workers in the second administrative level in the Omani insurance companies, the program also highlighted the concept of talent management as one of the new threads that was involved by human resources department and its various activities, especially in modern times, and the impact caused to the institutions that adopt this approach and its influence in the culture, as well as the awareness of the most important talent management strategies and how to deal with them because of their competitive advantage of direct impact on the levels of performance, and the importance of investing in talent management for the direct impact in reducing the physical and economic cost of the foundation. Through the implementation program, OSOOL has started with a pretest at the beginning in order to prepare and motivate the participants and measure their levels, then the acquainting of theoretical concepts, and discussion and dialogue and exchange of experiences between the expert instructor and participants. Emphasis was placed on workshops and questionnaires, and the program was concluded with a posttest to measure the benefiting of participants and the extent of their development.

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The Annual Conference for Accountants: International Financial Reporting Standards IFRS & IAS (Improvements & Amendments)

Under the auspices of Secretary General of Association of Arab Universities Dr. Sultan Abu – Orabi, and sponsored by Jordan Islamic Bank, Jordan Kuwait Bank and Royal Jordanian, OSOOL for Training and Consulting conducted the Annual Conference of Accountants under title (International Financial Reporting Standards IFRS & IAS: New Improvements & Amendments), which was held in Sheraton hotel in Amman- Jordan during the period 22-24/8/2016, the participation was from Jordan, Saudi Arabia, Oman, Palestine, Sudan, Qatar, Iraq and Libya, the conference aims to enable participants to aware of the challenges of achieving quality in accounting information, considering the instability in accounting environment because of the accelerated amendments in IFRS, discuss the underlying conceptual revolution in IFRS, introduce the new issuances in IFRS that will be effective by January 1st of 2017 and 1st of 2018 and thereafter, enrich the knowledge of participants about the ways of applying IFRS effectively and narrow the gap of conflicts between public and private sectors.

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The Professional Program for Banking Audit Activities

In order to enable the auditors to carry out banking operations professionally and efficiently, OSOOL for Training & Consulting, in cooperation with Internal Control Institute - ICI , conducted the Professional Program for Banking Audit Activities for Federal Board of Supreme Audit, in Holiday Inn Hotel in Amman - Jordan, to provide them with the skills, tools and mechanisms for this, by building their capacity to plan and perform the procedures of auditing operations of banking activities, according to the best practices, where the program has been divided for a number of key themes, such as the decisions of the Basel committee on internal control of the banks, and auditing banking activities such as banking credit, documentary credits, treasury and investment, risk management, compliance, banking branches, fraud indicators in the banks and the Final Accounts of banks, and they were trained on methodologies and best practices in it. The program was accomplished by a number of banking experts, each according to his specialization and experience in the field of auditing banking activities.

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Internal Audit Standards

OSOOL for Training & Consulting held a training program entitled (Internal Audit Standards in accordance with IIA), in Amman - Jordan, during the period 07/31 to 08/04/ 2016. The program aims to clarify the main concepts to the standards of internal audit, which had been developed by the Institute of Internal Auditors IIA according to the updated version, showing the amendments to those standards, and the definition of the concept of quality assurance and evaluating it, and inform them of the components of the internal auditor's report in accordance with international standards, the participants discussed the contentious issues in applying those standards. The program targeted the internal auditors, heads of audit departments, directors of audit and members of audit committees, with participants from different organizations such the Arab Bank, Jordan Dubai Islamic Bank, Investment Bank, Capital Bank, Jordan Kuwait Bank, Military Credit Fund, United Company for Financial Investment, Jordan Petroleum Refinery Company and Capital Investment.

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A workshop on the preparation and presentation the financial statements in accordance with International Financial Reporting St

OSOOL for training and consulting implemented a specialized workshop about (preparation and presentation of the financial statements in accordance with International Financial Reporting Standards IFRS), in order to explain to the participants the scientific principles and International Financial Reporting Standards that control preparing the financial statements, to demonstrate the requirements of international accounting standards for inventory and processing accounting errors and the timing of revenue recognition , as well as discussing how to recognize, measure and display the financial instruments. The workshop also aimed to familiarize the participants with the accounting treatment of the assets of long-term and how to view them according to these international reports, to develop the participants' skills in performing substantive procedures to process contingent liabilities and the recognition of allotments, and the workshop also targeted personnel departments of accounting, internal audit , the authors of the of financial statements, financial analysts, and management accountants. It was held in Amman, Jordan Sheraton Hotel in the period from 22-26/5/2016 in the presence of participants from various Arab companies and institutions.

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Executive Master of Islamic Finance of the CIBAFI

In collaboration with the General Council for Islamic Banks and Financial Institutions CIBAFI, OSOOL for Training and Consulting conducted a professional Executive Master program in Islamic Finance for a group of managers and department heads in Faisal Islamic Bank of Sudan, in order to develop and qualify competencies in the field of Islamic banking, and preparing qualified and trained cadres , to provide dual expertise combining technical banking knowledge of Islamic rulings in the transactions, as part of the program, which was designed by the General Council for Islamic Banks and Financial Institutions CIBAFI and with training packages that are approved by the scientific committee of audit and accreditation in the General Council. The Professional Executive Master fully consists of eight subjects: 6 basic subjects and one is optional, and every separate subject shall be accompanied by a separate test, as the trainees undergo thorough testing. And a research subject that is carried out by each trainee, by providing a research scheme, within one week of the adoption of the subject, and graduates receive a deposition until they deliver the research, during a period not exceeding three months from the date of graduation. The program was carried out by a number of distinguished experts in the Islamic banking sector who are accredited by CIBAFI

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Workshop: Measuring The Return Of Investment (ROI)

OSOOL for Training and Consulting, in cooperation with the Human Resources Professionals Association, HRPA-Canada, conducted a workshop entitled " Measuring The Return Of Investment (ROI)" during the period 28- 30/3/2016 at City Seasons Hotel in Sultanate of Oman, the workshop was implemented to support the role of the officers in the area of human resources and training using the modern methods to measure the return of investment, due building and developing a number of forms of measurement of the impact of training, and activate the mechanisms of internal follow-up after obtaining the program, also the program discussed the duration of the return of training and the impact caused by training in performance of staff. A number of human resources and training managers and their assistants from the public and private sectors in the Sultanate of Oman attended the workshop.

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