Mohammad Waqas Mir

Internee at Deloitte

• Pakistan - Karachi
• February 2013 to September 2013

Experience:
Work in Deloitte Pakistan (M. Yousuf Adil Saleem and Company Chartered Accountants), A member firm of Deloitte Touche Tohmatsu Limited (DTTL), One of the Big four Audit Firms of the World branded as Deloitte.
Part of Deloitte Pakistan as an Audit Assistant since February 25, 2013
Key Roles and Responsibilities:
• Using Deloitte Knowledge Management Resources for preparation of Annual Audit Plan, Draft/Final Audit Reports and Audit Initiation Documents.
• Evaluating Internal Controls, Business Process, providing appropriate recommendations to management & devising key internal controls aiming to improve business efficiency.
• Assisting Managers in preparation of various winning proposals for potential clients.
• Providing Advisory and Value Added services with business aspects to clients.
• Working with Deloitte Risk Management Methodology by Quantifying Process Level Risk Impact and Vulnerability to Marci Chart, Developing Entity Value Map and Risk Intelligence Map.
Diversified Experience with Following Clients:
• Askari Investment Management Limited
• Karachi Stock Exchange Guarantee Limited
• Alfalah GHP Investment Management Company
Responsibilities Fulfilled During Projects:
• Perform Annual, Half Yearly and Quarterly review of Financial Statements.
• Ensuring Proper Classification of all GL Balances in appropriate heads according to IFRS.
• Verified Mapping of GL Balances with Trial Balances.
• Verified Disclosures made in Financial Statements as per IFRS requirements.
• Verified Investment Valuations according to IFRS and SECP Circulars, Provisioning w.r.t. IFRS, MUFAP and SECP Guidance, Capitan Gain/Loss and Purchase Process of financial Instruments
• Verified Compliances with Non-Banking Finance Corporation Act 2008, Code of Corporate Governance 2012, Securities and Exchange Circulars and Companies Ordinance 1984. Further verified compliance s with IAS 32, 39 and IFRS 7.
• Audited Treasury and Banking Operations of Management Companies.
• Assured and Consulted Clients on their Fixed Assets Management with respect to IAS 16, 38 and 40, Further verifying Valuations, Addition, Deletions, CWIP and Intangible Assets Recognition and Consulting Clients for Improving Controls in their ERP Systems for Fixed Asset Management.
• Verified General IT Controls, Software Controls, Application Controls and Network Controls for Internal Audit purpose. Provided Recommendations for implementing proper Disaster Recovery and Business Continuity Plan, Facility Controls, Access Logging, Maintain Backup and Storage and Conducted Assessments for needs of ERP systems for different departments.
• Verified KYC and Due Diligence process of various clients according to SECP circular 10.
• Audited Issuance and Redemption Process of mutual funds clientele.
• Worked on Budget Systems of clients and consulted clients on implementing budget tracking and Preparing Management Accounts.
• Performed Surprise Audits
• Audited Sales and Marketing Process and identified key areas for improvements.