Internal Auditor
My HD Media FZ LLC
Total years of experience :13 years, 5 Months
• Developed periodic auditing program to address risks and evaluate regulatory requirements.
• Performed strategic planning, execution and finalization of audits (e.g. compliance audit, financial audit, and operational audit).
• Reviewed conformity of financial statements with International Financial Reporting Standards (IFRS) as well as corporate regulations.
• Evaluated company's policies to determine how well standards adhered to best practices.
• Identified and reported audit issues. Providing recommendations on the procedures and systems being reviewed on increasing internal controls and offer bottom-line oriented solutions directly to upper management.
• Company-specific analysis of its risks in internal audit focus areas such as subscription revenue, third-party relationships, big data, cybersecurity and piracy prevention, non-traditional competitors,
• Perform audit functions to Dubai and Qatar Companies.
• Conduct regular audit of financial controls, operational and management systems.
• Performed strategic planning, execution, and finalization of audits through project audit methodology, technical expertise and personal skills.
• Developed periodic audit program to address risks and evaluate regulatory requirements with evolving factors on current conditions.
• Identify level of conformance with established rules, regulations, policies and procedures.
• Investigated discrepancies discovered during auditing process.
• Reviewed conformity of financial statements with International Financial Reporting Standards (IFRS) as well as corporate regulations.
• Prepared audit programs and working papers, following Generally Accepted Auditing Standards (GAAS).
• Provide assistance and internal control guidelines on VAT implementation and compliance.
• Reviewed and identified risks, analysed controls and tested compliance.
• Act as an objective source of independent advice to ensure validity, legality and goal achievement.
• Identify loopholes and recommend risk aversion measures and cost savings.
• Prepared suitable reports on risk and information gleaned from audits and distributed to appropriate personnel.
• Engage to continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques and performance standards.
Audit Functions
• Extensive Financial Statements audit of Banks, Multi-Purpose Cooperatives, Private Corporations, Financing Companies, Lending Institutions and Non-Profit Organizations for management to assess effectiveness of controls, accuracy of financial records, and efficiency of operations.
• Perform and lead audit engagements on various types of operational, financial, risk and fraud audits.
• Analyzes risks and presents control recommendations based on best practices, International Financial Reporting Standards (IFRS), Manual of Regulations for Banks (MORB), and other laws and regulations governing the institution.
• Lead compliance audit for banks and financial institutions regarding Anti-Money Laundering Act (AMLA).
• Accountable for reviewing and verifying records, compliance with policies, procedures and standards of different institutions.
• Improved quality processes for increased efficiency and effectiveness.
• Managed high-value existing and new business partnerships to deliver on objectives and maximize corporate revenue, support and awareness.
• Operated with high integrity, built trust, and earned sustained credibility with internal and external clientele.
Agreed-Upon Procedures Engagements
• Ten (10) - year income allocation using various bases.
• Lead engagement on the review and update of client’s manual specifically Financial Management Manual, Personnel Manual and Operations Manual.
• Preparation of an updated accounting systems and procedures.
• Created an Internal Audit Manual on one of the firm’s biggest client.
• Created a Budget Manual for a religious and school’s operations of one of our biggest client.
Accounting Functions
• Initiated comprehensive account assessments to check viability, stability and profitability of business operations.
• Preparation of financial statements, business activity reports and cash flow reports.
• Implemented budget and expense controls and financial policies by analyzing income and expenditures.
• Managed accounting operations, including journal entries, collection efforts, reconciliations and payroll processing.
• Computation, reconciliation and filing of Annual Income Tax Returns, Value Added Tax (VAT) returns and Withholding Tax Returns based on the client’s financial records.
• Conducted Taxation and IFRS research to support compliance and planning as required.
• Design, update and create accounting systems and procedures in compliance with the accounting processes’ rules and regulations.
• Created budgets and forecasts for assigned clients in alignment with accounting deadlines.
• Developed process improvements to increase efficiency and productivity and presented to management for approval.
Consultation Functions
• Able to address complex tax issues of clients applying practical tax experience.
• Assist clients on their response on SEC, BSP and BIR assessments and findings.
• Conducted seminar on various topics noted as follows:
For Banks: Bangko Sentral ng Pilipinas (BSP) Ruling Updates
Financial Ratios
Understanding Audited Financial Statements
Standards and/or Red Flags to Monitor for Rural Banks
International Financial Reporting Standards (IFRS) Updates
IFRS Impact on Taxation
Taxation for Banks Tax
Updates Anti-Money Laundering Act (AMLA)
For Corporations:
Understanding of Internal Audit
Supervisory Functions
• Oversight of all aspects of associates and supervisors performance and established and conduct training programs and seminars in regard to all aspects of workplace performance (e.g. implementation of new auditing practices, seminar on SEC and Taxation updates) and professional development.