Suhail Bahwan Group (Holding)

Namaste Everyone, Internal Auditors to make a note of this - avoid using the term “fraud” loosely in audit reports or communications (verbal or written) Fraud is a legal term that implies intentional deception for personal gain or to cause harm to the organization. Using such a strong term without a thorough investigation and conclusive evidence can lead to serious consequences. Typically establishing fraud requires specialized forensic procedures and detailed investigation. This area is often beyond the standard scope of Internal Audit. Therefore the term should only be used after formal investigation and confirmation by the appropriate authority. Why “fraud” should not be used casually: a) Legal ramifications: Using the term without sufficient evidence or legal validation may expose both the organization and auditors to defamation claims or legal action. b) HR implications: Premature labeling can unfairly impact employees, potentially triggering disciplinary actions based on unverified conclusions. c) Reputational risk: Incorrect usage can damage the organization’s credibility and strain relationships with stakeholders and regulators. d) Impact on audit credibility: Internal Audit’s role is to identify red flags and control weaknesses not to conclusively establish fraud. Misuse of the term can undermine the credibility of the audit function. Suggested approach: Until a matter is formally investigated and proved it is better to use more appropriate and neutral terms such as: # Control deficiencies # Potential misconduct # Suspicious transactions/activities # Non-compliance as an IA it is important to focus on fact based reporting clearly highlighting observations, risks and supporting evidence without drawing premature conclusions. happy auditing Soneel

Hello everyone, A personal post! Today is a very special and personal moment for me and my family. Our daughter Riya has cleared her Class X boards with 99.2% securing overall 2nd position in her school. it simply fills us with immense pride and gratitude. From a little girl who began her schooling journey in Oman to a confident teenager achieving this milestone her journey speaks for itself. It hasn’t been easy but it has been absolutely worth it. I also want to take a moment to acknowledge my wife. This achievement would not have been possible without her unwavering support, sacrifices and dedication. She stood by Riya every single day ensuring she stayed focused, motivated and never felt alone. The effort she has put in is something I deeply admire and know I can never match. This post is also for all her class X classmates who have performed exceptionally well and made their families proud. Together, they have brought great laurels to their school Indian School Bousher and to all the teachers who guided them. A heartfelt thank you to all the teachers of the Indian School Bousher who have dedicated their lives to shaping young minds and building confident, responsible individuals. Your impact goes far beyond the classroom. As parents our only wish is for Riya to grow into an independent individual and choose a path that brings her happiness and fulfillment. Today is truly her day and a proud day for us as parents. ❤️ From then to now: