Senior Internal Auditor
Deloitte & Touché
Total years of experience :18 years, 11 Months
Reviewing the business processes, risk assessment, control activities to achieve the
efficiency and effectiveness of operations;
• Valuation of IDB equity investments including Islamic Financial Institution equities and
corporate investment equities for the listed and un- listed portfolios of the bank;
• Review the efficiency and effectiveness of controls in operations as well as highlighting the
major risks and related impacts faced by major sectors such as agriculture, water,
Transportation and HealthCare projects/Programs of the bank;
• Assess the suitability and alignment of ISFD’s manpower to ISFD’s mandate in terms of
skills, competencies, and headcount that would ensure delivery of developmental impact;
• Assess the quality of the implementation of ISFD operations, including the adequacy of
monitoring and follow-up to ensure timely and quality execution of the projects financed by
ISFD funds;
• Assess the developmental impact of the activities of the ISFD fund and the candid reporting
on the developmental impact to all relevant stakeholders;
• Assess the Fund’s effectiveness in bolstering its core capital as on-balance sheet
complementary extra resource available for funding the Fund’s operational assets and
grants without leverage; and
• Participated in quarterly meeting with audit committee and ensures follow-up on IsDB
Management’s implementation of internal audit recommendations and reports presented
each year to the President and the Audit Committee.
External Audit
Statutory audits of Construction, Pharmaceutical, Automotive, Oil and Gas, Petroleum,
Energy, Airline, Financial Institutions and Non- Banking Finance Companies, Leasing
Companies, Insurance and Textile;
• Ensuring the preparation of financial statements as per IFRS standards and SOCPA
standards as well as ensuring the preparation and review of reconciliation between US &
UK GAAP and IFRS;
• Sarbanes -Oxley Section 404 Compliance audits on design and effectiveness of internal
controls;
• Established audit plans, objectives, and scope of work in conjunction with senior auditors,
assisted with overall execution of audit program and final report delivery;
• Finalization of Accounts for Holding and related Sub's including group level consolidation;
• Analyzed and prepared requisite reports to ensure that audit and engagement risks are
properly considered/ documented;
• Application of corporate laws and international accounting standards of various industries;
• Drafted complete audit reports providing clear description of issues identified, related
implications to the business, and recommendations to resolve the issues;
• Evaluated system effectiveness and performed professional audits in accordance with the
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Internal Audit
Financial
Advisory and
Enterprise
Risk Services
approved audit program; and
• Reviewing the interim and quarterly financial statements of the listed companies and ensure
the compliance with the IFRS and other applicable regulations.
• Reviews and assesses the adequacy and effectiveness of the processes for ensuring
accountability for decision-making and implementation of decisions;
• Risk Assessments, Development of Internal Audit (IA) Plans and execution of IA reviews;
• Reviews and assesses management processes and internal controls over systems
development projects to ensure adequate planning, monitoring and accountability for
results;
• Ensures follow-up on management’s implementation of internal audit recommendations and
reports each year to the President and the Audit Committee on implementation actions
effectiveness;
• Participates in the assets and liability management committee meetings as an observer to
ensure the effectiveness and efficiency of the decisions made by the committee and their
implications;
• Reviewing effectiveness and efficiency of Internal Controls of the bank concerning its
Credit/ advances and suggesting improvement in controls/ processes;
• Performs internal quality assurance assessments and liaises with external quality
assurance agencies/auditors as and when required;
• Reviews the systems of internal accounting controls maintained to safeguard its financial
and physical assets, including verifying the existence of related assets;
• Assesses observed meetings and provides the Board with an independent opinion on the
alignment of strategy to achieve the mission and vision; and
• Execution, review and monitoring of risky assets of and recommendations to management
in order to mitigate the risk at acceptable level.
• Preparation, Analysis and Vetting of Financial Projections Companies;
• Business Valuations for Acquisition, Amalgamation, Merger, De-merger, Takeover,
Financial Restructuring and Valuation;
• Project Financing and Due Diligence reviews;
• Reporting thoroughly on the investment portfolio on regular basis and from time to time and
provide necessary analysis (operational, market, financial, and valuation) of the
performance of portfolio companies;
• Determination of Present Replacement Depreciated Value and Surplus on Revaluation of
Property, Plant and Equipment;
• Conducting Risk Reviews of branches all over middle- east to determine efficiency of Credit
Management Process and Portfolio Quality;
• Overseeing compliance of issues identified by finance and risk committees’ and reporting
the status of the same to Unit Head; and
• Determining accuracy of Credit Risk Rating of the credit portfolio of the branch in terms of
method specified by the management.
courses: Chartered Accountant Australia and New Zealand, CA ANZ; • Certified Public Accountants, CPA(USA); • Certified Fraud Examiner, CFE(USA); • Certified Internal Control Auditor, CICA(USA); • Certified Governance, Risk Management and Compliance Professional, GRCP(USA) • Certified Governance, Risk Management and Compliance Auditor, GRCA(USA) and • Fellow Member of Pakistan Institute of Public Finance Accountants, PIPFA(PAK).