Senior Auditor
Ernst & Young
Total years of experience :16 years, 5 Months
Overall planning of audits, conducting initial planning meetings with clients to understand & co-develop expectations and designing audit strategies in consultation with the Engagement Partner, after assessing the underlying audit risk in the light of the assessment of the client’s overall control environment.
Obtaining a thorough understanding of the nature of the client’s business, the business and regulatory environment in which it operates, SWOT analysis, identification of critical success factors and key performance indicators, initial overall analytical review, understanding major business processes, analysis and testing of internal controls at the interim and final stages and detailed testing of significant account balances and transactions.
Application of International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Practices (GAAP).
Review and supervision of the work performed by audit team throughout the course of the audit. Reporting directly to Managers and Partners.
Assisting client with the preparation and presentation of financial statements including significant financial statement disclosures, in the light of the relevant reporting framework and ensuring compliance with all applicable reporting requirements.
Preparation of final audit deliverables - the audit report, the covering letter to the Board of Directors, the Management Letter, reporting packs and other reports and certificates.
Ensuring continued on-the-job training and professional development of audit staff.
Statutory / Financial Audits, Review engagements.
Preparing detailed reports on internal control weaknesses and making suitable recommendations thereon.
Making recommendations to the management during the course of the audit to improve vital business processes utilizing audit related experience gained.
Coordinating with various professionals such as lawyers, actuaries, independent valuators and information technology experts and decision-making in respect of critical reportable matters.
My key responsibilities as an Audit Supervisor includes the following:
1) Overall planning of audits, conducting initial planning meetings with clients to understand & co-develop expectations and designing audit strategies in consultation with the Engagement Partner, after assessing the underlying audit risk in the light of the assessment of the client’s overall control environment.
2) Obtaining a thorough understanding of the nature of the client’s business, the business and regulatory environment in which it operates, SWOT analysis, identification of critical success factors and key performance indicators, initial overall analytical review, understanding major business processes, analysis and testing of internal controls at the interim and final stages and detailed testing of significant account balances and transactions.
3) Application of International Accounting Standards, Technical Standards and Generally Accepted Accounting Practices.
4) Review and supervision of the work performed by audit team throughout the course of the audit.
5) Assisting client with the preparation and presentation of financial statements including significant financial statement disclosures, in the light of the relevant reporting framework and ensuring compliance with all applicable reporting requirements.
6) Direct, Supervise and Review work of juniors and staff assistants at various clients. Reporting directly to Managers and Partners.
7) Preparation of final audit deliverables - the audit report, the covering letter to the Board of Directors, the Management Letter, reporting packs and other reports and certificates.
8) Providing basic advisory services to clients in respect of taxation, foreign currency remittances, accounting treatment of transactions in accordance with IFRS and compliance with secretarial practices.
9) Statutory / Financial Audits, Review engagements
