Head Of Internal Audit
Khereiji Showrooms Company (KSC)
Total des années d'expérience :19 years, 2 Mois
• Establishment of a new Internal Audit Department.
• Performed detailed Risk Assessment.
• Development of Annual Internal Audit Plan.
• Prepared risk-based audit programs.
• Performed analysis and conducted projects as requested by the CEO & Audit Committee.
• Prepared audit reports for executive management, the Audit Committee, and the Board of Directors.
• Recommended revisions and/or additions to policies and procedures to improve
operations as well as internal controls structure.
• Performed ad hoc assignments to address control issues on new business processes, policies, and procedures, and provided consultative services to management
Establishment of a new Internal Audit Department.
Determining the Internal Audit scope and developing Annual Internal Audit Plan
Conducting risk assessments and identifying controls in place to mitigate identified risks.
Development of risk-based audit programs to ensure internal auditors carryout assignments with proper understanding.
Planning and allocating resources and individuals in accordance with skills and schedules.
Supervise individual internal audit assignments; document findings and recommendations.
Prepares timely audit reports for executive management, the Audit Committee and the Board of Directors
Conduct follow up audits to monitor management’s interventions
- To carry out internal audit assignments to evaluate the adequacy and effectiveness of the company’s internal control systems and procedures, reporting on findings and making recommendations for improvement.
- Monitoring compliance of business processes with policies and procedures and driving improvements in efficiency and application of business processes in order to enhance the competitiveness of MESC within the market place and reducing the financial, operational, legal or reputational risk to an acceptable level.
- Monitoring and advising on the implementation of best practice business systems and processes
Assisting in evaluating the effectiveness and efficiency of business systems and processes, reliability of financial reporting, and compliance with applicable laws and regulations (e.g. Central Monetary Agency regulations).
• Conducted risk assessment of assigned department or functional area in established/required timeline.
• Prepared risk-based audit programs
• Conducted audit testing of specified area and identified reportable issues.
• Independently supervised the Process & Procedure documentation project undertaken by independent third party.
• Ensuring compliance with policies and procedures.
• Conducted internal audit of various functions.
• Carrying out investigations as and when required.
Duties:
• Evaluate the effectiveness and efficiency of operations, including the achievement of corporate goals related to performance, profitability and safeguarding and efficient use of resources.
• Examine and establish systems and processes to determine compliance with Policies, Plans, Procedures, laws and regulations that could have a significant impact on operations.
• Perform & assist with special projects / investigations as they arise.
Performed internal audit of the Group’s following subsidiaries operating in Saudi Arabia
Ashwa Technologies Ltd.
• Procurement to Payable
Ashwa Surface Treatment Chemicals Ltd.
• Procurement to Payable
Banawi Mane Flavors Ltd
• Procurement to Payable
• Sales to Receivable
To check the internal controls and procedures of the organization and reporting the discrepancies/weaknesses in their internal control system, highlighting the risks which the entity is facing and giving recommendations to mitigate those risks. Major clients were:
- Ali Gohar & Co. Ltd. - a leading Pharmaceutical & Cosmetic Distribution company.
- Crescent Steel & Allied Products - A public listed company whose main business are manufacturing of Steel Pipes and producing Cotton Yarns.
- National Foods Ltd. - a reputed and leading company in the food industry manufactures mainly spices, ketchup, desserts, jams and pickles etc.
- Reviewing the audit file and working papers for onward review.
- Determine that all reports to be issued reflect the work performed and meet the reporting and auditing standards of the Firm and the profession.
- Preparation of Monthly, Quarterly and Annual Production Reports.
- Coordinate in developing and implementing new strategies to meet production requirement as per sales requirement.
- Manage all daily operations regarding production activities
Finalist
