Audit, Risk, and compliance professional
Freelance
Total years of experience :24 years, 4 Months
The position duties and responsibilities includes the following:
- Participation in the annual internal audit plan preparation,
- develop annual execution plan for assigned audit project;
- Plan and execute internal audit projects;
- Prepare observation memos, obtain client response and resolve disputes on raised audit observations;
- Draft the internal Audit report;
- Prepare monthly CEO flash report for critical audit observations and concerns for the assigned audit projects;
- Prepare Audit Committee report for the assigned audit projects;
- Prepare annual audit report for CEO and Managing Director for financial audits;
- Acts as the key person for Financial Audits and Finance related audits, processes and systems;
- Maintain financial data for audit purposes and for special reports/analysis of financial statements or transactions as may requested by Internal Audit Management;
- Participates in a project for contentious audit implementation;
- Updates the Audit Committee Charter to be in compliance with the CMA regulations;
- Perform special audit projects as per Management request.
In 2014 received Audit Committee appreciation for the contributions in major financial statements restatement.
- Responsible for providing internal audit and advisory services to number of clients in various sectors such as investment, insurance, security clearing, and catering.
- I provided internal audit services to clients in some sectors such as investment, clearing and settlement, exhibition, and tourism. I act as the internal audit manager for fully outsourced engagement. I am responsible for the following:
- Develop the audit plan for the client, and presenting them to Audit Committee.
- Supervise the execution of the internal audit projects.
- Attend audit committee meetings for clients, to discuss audit findings.
- I managed advisory services projects, which include the development of policies and procedures, delegation of authority matrices, and charter for committees. The following are examples of the deliverables of the projects:
- Human Resources Policies and Procedures Manual
- Finance and Accounting Manual
- Financial & Operational Delegation of Authorities Manual
- Audit Committee, and BOD Charters.
- Counselor for six staff members, where I help them with their career progress and their performance assessment.
- Also, responsible for development of new business opportunities, staff planning, and participation in recruitment.
Supports the head of the Finance Department in various areas such as:
- Participated in setting of Financial System for the Finance Department (In-house customized software), and for HR.
- Review deliverables of consultants for various projects such as financial policies, job descriptions, department organization chart.
- Maintain and update the chart of accounts.
- Participated in the development of strategic initiatives, and business plan for the department.
- Handled and supervised the tasks related to cash management, cash position, and review of vendor invoices, payments, bank reconciliation, and bookkeeping.
- Co-ordinate and discuss issues related to invoices, payments, and contracts with user departments, Director General, and vendors/contractors.
- Budget preparation, internal discussions, and external discussions with Abu Dhabi Finance Department.
- Monitor the cash position at banks, and initiate cash calls from Abu Dhabi Finance Department to finance operating budgets and contracts.
- Perform surprise cash counts for collection branch on random basis.
- Train and advise fresh graduate on how to perform their duties.
Responsible for planning and executing internal audit assignment, related subsidiaries.
Perform special reviews upon management requests.
Review team members work,
Draft Internal Audit Report
Reports to Chief Auditor and Division Manager.
Responsible for planning internal audit assignments, obtaining and documenting understanding of clients operations and controls, identifying applicable risks to the client operation and the mitigating controls, design tests of controls, review team members work, assess audit findings, discuss audit finding with clients management, draft internal audit report. After the audits I meet with management to discuss audit finding, obtain their comments and action plans and incorporate this in the internal audit report. In addition to performing specialized audits related to:
Compliance with contracts in Oil & Gas companies such as drilling contracts, and EPC projects. Which includes identifying recoveries from contractors.
Performed Anti-Money laundering audits,
Agreed upon procedures.
Undertakes responsibilities for developing new and junior staff skills.
Also participates in the department planning meetings.
Responsible of obtaining and documenting understanding of clients operations and controls, identifying applicable risks to the client operation based on industry risks and our understanding of the operation, design tests of controls, perform testing of controls and identify breaches of the company’s policies and procedures, discuss audit finding with clients management, draft internal audit report, discuss in a meeting with client’s management their comments and action plans based on our internal audit report. In addition performs compliance audit for contracts. Besides training new staff on performing and executing internal audit engagements.
Special Experience:
SOX section 404 - Control Documentation, identification of gaps, and recommending remediation actions to close gaps.
Participated in the planning, execution, reporting for fraud investigation
Responsible of obtaining and documenting understanding of clients operations and controls, identifying applicable risks to the client operation based on industry risks and our understanding of the operation, design tests of controls, perform testing of controls and identify breaches of the company’s policies and procedures, discuss audit finding with clients managers, draft internal audit report, discuss in a meeting with client management their comments and action plans based on our internal audit report.
Perform compliance audit with contracts and Anti-money Laundry regulations.
Responsible of planning and conducting external audit engagements, audit financial statements, supervise engagement team, communicate audit finding to manager, prepare review/audit report, prepare clients’ financial statements & notes disclosers to them, and management recommendation letter. Also, assist other audit teams. In-charge of five audit engagements.
Started as Assistant accountant in Novemebr 1999 and promoted upto Semi-Senior in February 2001.
Responsible of planning audit engagements, audit financial statements, supervise engagement team, communicate audit finding to manager, prepare review/audit report, prepare clients’ financial statements & notes disclosers to them, prepare management recommendation letter, and assist other audit teams. Supervisor of three audit engagements.
Perform special audit assignments (Evaluation of client internal control, documentary cycle, and data flow).
High Diploma of Business Administration - Advanced Management Institute - Arab Academy for Science, Technology, and Maritime Transport, (Executive Track) October 2004.
Passed the CIA Exam held in November 2003
Certified Public Accountant (CPA) – State Of Illinois – Certificate No. 79850 - July 13, 2001.
B. Sc. Commerce (major Accounting) - Faculty of Commerce – Alexandria University, 1998 with a general grade “good”.