MUHAMMAD EMDAD ULLAH, FCMA, FCA, CPA(USA), Chief Internal Auditor

MUHAMMAD EMDAD ULLAH, FCMA, FCA, CPA(USA)

Chief Internal Auditor

Zahid Tractor & Heavy Machinery co.

Location
Saudi Arabia - Riyadh
Education
Bachelor's degree, Accounting
Experience
34 years, 7 months

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Work Experience

Total years of experience :34 years, 7 months

Chief Internal Auditor at Zahid Tractor & Heavy Machinery co.
  • Saudi Arabia - Riyadh
  • My current job since March 1998

• • • Lead a team of internal auditors of the dept.
• Prepare audit universe to make a list of all auditable processes, depts., divisions and Grop of Companies and chalk out the frequency of audits or coverages based on the audit resources and risk analysis.
• Prepare annual plan and analyze achievements by auditors and periods
• Guide in preparing individual audit programs detailing the process of doing the jobs to cover specific scope and objectives.
• Review audit and investigation reports of individual auditors.
• Analyze risks of individual projects, functions, areas and recommend for practical, cost effective and measurable actions.
• Develop strategies with stakeholder or auditees to address or mitigate all kinds of risks.
• Develop and analyse the process of addressing the risks and control process with the changes in the process, procedures and improvements
• Carry out investigation with the stake holders in case of severe noncompliance or gross violations guided by company policies and procedures.
• Participate in the panel of investigation as per company policy with the stake holders.
• Consultancy on request of different operations, depts., divisions and companies.
• Review company policies and procedures for individual operations, find the lapses and suggest for the modification and improvements as a continuous process.
• Review internal controls and compliances for individual business operations, financial issues, credit reviews and IT operations and processes.
• Review effectiveness of controls and avenue for control improvements.
• Review operations on request of auditees/depts or stake holders.
• Review the risk of internal controls with the changes in ERPs and take effective actions for IT controls to address the risks.
• Identify the lapses in corporate governance and review and suggest for improvements.
• Agree with the time lines or deadlines for implementation of individual recommendations.
• Follow up implementation of individual recommendations, agreed with stake holders, for individual projects.
• Disseminate the importance of internal controls with the stake holders to address and control risk of individual functions or operations.
• Keep eyes on internal control process improvements and establish the best practices in the organization.
• Set out short and long term objectives of the team members.
• Maintain confidentiality of information as much as possible, especially for sensitive issues.
• Arrange relevant and professional training programs for the auditors inside and outside the Company.
• Interview and select new auditors.
• Train new auditors to acquaint with company policies and systems/software and guide and suggest all auditors to improve their capabilities and performance and bring changes.

Finance Manager, SOS Recruitment Consultant, UAE at Al Wazzan Holding Group, Kuwait
  • United Arab Emirates - Abu Dhabi
  • June 1997 to February 1998

• Monthly closing of accounts (income statement, balance sheet, cash flow statement)
• Monthly comprehensive financial reporting from UAE to HO in Kuwait.
• Budgeting, budget variance analysis and reporting.
• Working capital management
• Bank reconciliation
• Liaise with bank and other financial institutions for credits.
• Liaise with external auditors to cover annual audits.
• Office payroll management.
• Office administration.
• Accounts payables- reconciliation and payments
• Fixed asset management

Finance Director and Company Secretary at PRAN-RFL Group
  • Bangladesh
  • February 1995 to May 1997

• Costing (job+process+contract) for a couple of manufacturing and construction companies.
• Budgeting, revision of budgets, budget variance analysis and reporting to higher management.
• Financial statement analysis and reporting to higher management.
• Cash flow and treasury management.
• Credit line management, liaise with banks and other financial institutions.
• Liaise with external auditors.
• Prepare project feasibility reports to arrange credits from financial institutions.
• Arrange Initial Public Offering (IPO) for the Company.
• Liaise with Securities and Exchange Commission, Stock Exchanges, Manager to The Issuer, Underwriters.
• Support preparation of prospectus and annual report for shareholders of public ltd Co.
• Prepare right share offer documents for shareholders of public ltd company.
• Periodic reporting to Securities and Exchange Commission and Stock Exchanges.
• Handling secretarial matters like running share depts., arrange meetings for board of directors, Annual General Meeting of shareholders.
• Drafting and reviewing policies and procedures relating to finance/accounts dept.

Finance Manager at Azim Group
  • Bangladesh
  • July 1993 to February 1995

• Monthly closing of accounts.
• Manage HO and Factory accounts
• Financial statement analysis.
• Contract costing, batch costing, job order costing.
• Liaise with bank and other financial institutions and external/internal auditors.
• Treasury management
• Credit line management.
• Conversion of manual accounts into computerized ones.
• Working capital management including cash management
• Office payroll
• Bank reconciliation
• Import/LC transactions reconciliation
• Procurement for factories
• Office administration.
• Accounts payables- reconciliation and payments
• Fixed asset management

Chif Accountant (Head of Finance) at Utah Group
  • Bangladesh
  • January 1993 to July 1993

• Monthly closing of accounts.
• Financial statement analysis and reporting to higher management.
• Manage HO and Factory accounts
• Income tax.
• Liaise with banks and other financial institutions and external auditors.
• Treasury management
• Credit line management.
• Office and factory payroll
• Accounts payables- reconciliation and payments
• Bank reconciliation
• Working capital management including cash management

Apprentice Auditor (To do CA with ICAB) at S F Ahmed and Co.(Chartered Accountant); Representative of Ernst & Young
  • Bangladesh
  • July 1989 to November 1992

Conduct external audits and consultancy jobs of banks, insurance companies, investment companies, manufacturing organizations and non-government organizations (like CARE, SMC, Danida, etc) as a mandatory apprentice to do CA with The Institute of Chartered Accountants of Bangladesh.

Education

Bachelor's degree, Accounting
  • at American Institute of Certified Public Accountants (AICPA)
  • August 2012

CPA(USA); Member of AICPA, No. 6532291; Marks-Auditing 93; Accounting 81; Business 82; Regulation 78; Ethics 90

Bachelor's degree, Accounting
  • at The Institute of Chartered Accountants of Bangladesh
  • May 1995

FCA (Member No. 698)

Bachelor's degree, Accounting/Costing
  • at The Institute of Cost and Management Accountants of Bangladesh
  • January 1993

FCMA (Member No. F 276)

Master's degree, Accounting
  • at University of Dhaka
  • June 1989
Bachelor's degree, Accounting
  • at University of Dhaka
  • December 1987

Specialties & Skills

professional accounting
Certified Internal Auditor
costing and budgeting
Team Leadership
MS Office- Words, Excel, Power Point
CODA Financials
Lotus Notes- For communication, database for business operations
AS400-For operation of sales, parts, services, fixed assets

Languages

English
Intermediate
Bengali
Expert

Memberships

The Institute of Chartered Accountants of Bangladesh
  • Professional Accountant
  • June 1995
The Institute of Cost and Management Accountants of Bangladesh
  • Professional Accountant
  • March 1993
American Institute of CPAs (AICPA)
  • Associate (for CPAs)
  • January 2013

Training and Certifications

Fraud and Fraud Awareness (Training)
Training Institute:
KPMG
Date Attended:
February 2015
Lead Auditor (ISO 9001:2008) (Training)
Training Institute:
TUV
Date Attended:
January 2010
Duration:
40 hours
Organizational Health and Safety (ISO 14000) (Training)
Training Institute:
TUV
Date Attended:
November 2007
Internal Quality Audit (ISO 9000) (Training)
Training Institute:
TUV
Date Attended:
June 2002
IIR Middle East, Dubai (Certificate)
Date Attended:
October 2001
Valid Until:
October 2001
Caterpillar Production System (CPS) (Training)
Training Institute:
Zahid Tractor
Date Attended:
May 2009
Effective Suervisory and Management Skill (Training)
Training Institute:
Not Sure
Date Attended:
April 2005
Effective Communication and Presentation Skill for Auditors. (Training)
Training Institute:
• IIR Middle East
Date Attended:
April 2003
Risk Based Auditing (Training)
Training Institute:
IIR Middle East
Date Attended:
March 2003
Information Technology Audit (Training)
Training Institute:
IIR Middle East
Date Attended:
February 2006

Hobbies

  • Table tennis, badminton, carrom, cricket, football