Khaled Barqawi, Head of Internal Audit

Khaled Barqawi

Head of Internal Audit

musanada

Location
United Arab Emirates - Abu Dhabi
Education
Master's degree, CRMA
Experience
27 years, 9 months

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Work Experience

Total years of experience :27 years, 9 months

Head of Internal Audit at musanada
  • United Arab Emirates - Abu Dhabi
  • My current job since April 2010

1. Managing the Internal Audit Division reporting directly to the Audit and Governance Committee and administratively to the CEO.
and responsible to set up the Internal Audit Department i.e. drafting the audit committee charter, internal audit charter drafting the internal audit manual, designing the internal audit methodology, recruiting auditors, drafting the annual audit plan and key input to company's risk assessment activities to ensure that the systems of control supports the achievement of business goals whilst balancing risk and cost of control.
2. Assigning professional and other technical services firms to support the Internal Audit Department and supplement the expertise available
3. Review and report to Management and Audit Committee on the effectiveness and efficiency of internal control environment.
4. Review and finalize reporting, both written and oral, to key internal customers.
5.Responsible for performing special audit requests as directed by the Audit and Governance Committee.
6.Submission of clear, concise and pertinent reports to identify significant areas of risk control and propose practical action plans, Improved risk and control awareness of employees.

Senior Manager of Internal Audit at sorouh
  • United Arab Emirates - Abu Dhabi
  • May 2006 to April 2010

1. Managing the Internal Audit Division reporting directly to the Audit and Governance Committee and administratively to the MD “Managing Director”.
2. Responsible for drafting annual audit plan and key input to company's risk assessment activities to ensure that the systems of control supports the achievement of business goals whilst balancing risk and cost of control.
3.Review and report to Management and Audit Committee on the effectiveness and efficiency of internal control environment in Sorouh.
4.Perceived as value adding business partner by enhancing the risk and control awareness within Sorouh.
5.Train, mentor, coach and supervise audit staff and direct all internal audit activities.
6.Provide regular accounts of Company's Control and Audit status to the Audit and Governance Committee.
7.Areas of coverage include Financial, operational and IT among others.
8.Review and finalize reporting, both written and oral, to key internal customers.
9.Responsible for performing special audit requests as directed by the Audit and Governance Committee.
10.Submission of clear, concise and pertinent reports to identify significant areas of risk control and propose practical action plans, Improved risk and control awareness of employees.
11.Doordinate with the external auditors as needed, moreover evaluate and report on their performance to the Audit and Governance Committee although participating in assigning them.

Senior Internal Auditor at Genetal Authority for Health Servoces
  • United Arab Emirates - Abu Dhabi
  • October 2001 to May 2006

1. Advised Directors and Senior Management on matters pertaining to the enhancement of internal controls, especially in the areas of risks, policies, procedures and compliance.
2. Assessed the organization’s divisions and whether the Authority's framework of risk management, control and governance processes, as designed by management, is adequate and effective.
3. Actively participated in developing a flexible risk-based annual audit plan.
4. Supervised engagements to evaluate internal controls, giving attention to both financial and operating controls, and developed audit programs to be performed by the staff member(s) assigned.
5. Ensured that the audit programs are carried out correctly.
6. Provided guidance to staff when needed.
7. Monitored day-to-day progress of work assigned.
8. Reviewed audit working papers prepared by the staff members(s) assigned to ensure completion and adequateness.
9. Finalized audit assignments and developed / finalized audit reports.
10. Prepared and reviewed the audit reports and before submission to the Chief Internal Auditor for final review and approval.
11. Discussed the audit reports with key business users.
12. Prepared personal evaluation forms as required / requested by the Chief Internal Auditor.
13. Assisted external auditors and supported them during year end activities.

Senior Internal Auditor at S. S. Lootah Group
  • United Arab Emirates - Dubai
  • May 2000 to October 2001

1. Designed audit programs to validate the relevant control objectives, interpreted the significance of the test results and concluded on the reliability of the systems of internal control in the client’s various business areas. Recommended solutions to problems identified during the field work.
2. Determined and established appropriate audit scope and control objectives for the areas under review; evaluated the system of internal control to determine the areas of highest risk; constructed audit plans that facilitated efficient execution of engagements.
3. Oversaw the day-to-day administration of assigned projects including the supervision and training of staff auditors, allocation of budgeted hours among audit functions, recording and monitoring audit efforts and tracking them against the allocated time budget, providing staff auditors with appropriate technical counseling and direction, and completing staff evaluations upon the completion of engagements.
4. Identified, compiled and prioritized issues to be addressed and reported.
5. Conducted meetings with client’s management to review audit results after which I prepared management reports.
6. Completed special projects as assigned, including coordination with external auditors and other parties as required.
7. Acted as consultant to Head Office, affiliates, branches and subsidiary companies on the design and development of new policies, procedures, and programs.
8. Prepared and provided feasibility studies.

Risk Officer (Risk Management & Corporate Support Division) at The Commercial Bank of Qatar
  • Qatar - Doha
  • August 1998 to May 2000

1. Was assigned the authority to block, freeze, and release accounts Vs facilities.
2. Reviewed and studied problematic accounts and advised provisions accordingly.
3. Corresponded and inquired with Qatar Central Bank.
4. Studied and evaluated the customer’s facility usage.
5. Reviewed, studied and analyzed the corporate facilities given to companies.
6.Studied and analyzed the (clients) companies’ financial statement.

External Auditor at Deloitte and Touch
  • Qatar - Doha
  • June 1996 to August 1998

Audited over 35 major organization in the Banking, Trading, Contracting, Traveling, Industrial, Hospitals, Cooperatives, and Services sectors.
1. Prepared audit reports.
2. Provided assurance over the implementation of International Accounting Standards and Generally Accepted Accounting Standards.
3. Evaluated and provided assurance on whether accounting, financial and operating controls were adequate.

Education

Master's degree, CRMA
  • at IIA
  • September 2013
Master's degree, MBA
  • at Atlanta University
  • November 2012
Master's degree, CICA
  • at IICA
  • July 2007
Bachelor's degree, Accounting
  • at Damascus University
  • November 1997

Specialties & Skills

Internal Audit
Risk Control
Risk Assessment
Management
E-Governance (Internal Audit Softwar)
ERP – Oracle
External Audit
Leadership

Languages

English
Expert
Arabic
Expert

Memberships

IIA
  • Membership
  • April 2002
MPI
  • Membership
  • April 2010
ACFE
  • Member
  • November 2014