Assistant Audit Manager
Ernst & Young
Total years of experience :17 years, 2 Months
Highlights:
• Provided constructive Assurance and Business Advisory Services to management, stakeholders and investors.
• Successfully completed audit assignments, from the planning stage through delivery and reporting in compliance with various laws, regulations, frameworks (IFRS, ISA, and GAAP).
• Assisted in navigating the global regulatory landscape through application of extensive audit experience gained across the BIG 4, coupled with insights acquired through exposure to diverse business environments.
• Headed a special fraud investigation assignment for SCB UAE - one of the leading foreign bank in UAE during 2010.
• Conducted statutory audits for key clients including Aabar Investments PJS (a Sovereign wealth fund of Government of Abu Dhabi) and International Petroleum Investment Company for 5 consecutive years and gained comprehensive knowledge in complex investments and derivatives accounting.
Key Responsibilities:
Audit Management:
• Conducting external audits for corporations, executing audit engagements as per EY Global Audit Methodology (GAM).
• Identifying new business opportunities and converting them into prospective client engagements, managing client billings and conducting technical training sessions for co-workers and staff members.
• Establishing audit plans, objectives and scope of work in alignment with organizational goals; undertaking responsibility for the overall execution of projects through team management and final report delivery.
• Preparing detailed reports on audit findings and making recommendations to improve accounting and management practices, providing auditing, tax, and consulting services to both listed and unlisted companies.
• Providing consultations on difficult or contentious matters, resolving differences of professional judgment and addressing significant accounting and auditing questions raised during audits.
• Complying with International Standards on Auditing and Code of Ethics issued by the International Federation of Accountants (IFAC) as well as International Financial Reporting Standards (IFRS) and local regulations.
• Preparing final audit and management reports, identifying gaps in internal control and recommending requisite alterations.
Operations Support:
• Performing analytical review of financial statements using tools such as ratio analysis, variance analysis including horizontal and vertical analytical reviews.
• Conducting various administration checks for verifying stock/ cash counts, verifying assets and reporting variances.
• Leading continuous improvement in processes to secure a best practice framework; utilizing flowcharts, memorandums of system understanding and supervising procedural implementation to accomplish desired results.
• Comprehending client's industry and marketplace, managing client engagement/expectations to deliver quality services.
• Reviewing significant contracts/agreements related to debt financing, business combinations, derivatives transactions, leasing, revenue recognition, other significant/material business transactions and applying recommended accounting treatments as required by the relevant reporting frameworks such as US GAAP, IFRS.
• Overseeing taxation, foreign currency remittances, accounting treatments of complex transactions, compliance with corporate governance requirements and secretarial practices etc.
• Assessing the current state of an organization's internal control/Sarbanes-Oxley Act framework and helping clients drive value and efficiency in their internal controls.
• Handled multiple clients in a wide variety of industries, whilst adhering to the highest degree of professional standards and strict client confidentiality.
Highlights:
• Conducted statutory audits, internal audits of key business processes and other business advisory engagements for a diverse portfolio of clients.
Key Responsibilities:
• Provided audit and business advice to a variety of clients, performed statutory audits in compliance with International Standards on Auditing.
• Assessed accounting principles and policies used in preparation of financial statements and ensured compliance with IFRS, local applicable guidelines and other applicable regulations.
• Provided guidance and training to audit team members, approved work plans of subordinates to ensure effective resource utilization and evaluated performance of subordinates.
• Scrutinized/evaluated the adequacy/effectiveness of internal controls and quality of performance in carrying out assigned responsibilities.
• Liaised with legal experts, IT audit teams and group audit teams during audits to avoid duplication and increase audit coverage.
• Oversaw finance, accounting, stock and financial reporting laterals, managing broad based audit and compliance functions.
Academic Accolades & Extracurricular activities: • Actively participated in various sports • Enjoyed participation in various debating and quiz competitions during my academic years