Incharge Internal Audit & Project Mointoring
Descon Engineering Abu Dhabi
Total years of experience :23 years, 7 Months
• to analyze the periodic management accounts,
• to prepare financial review of the on going projects in GCC (UAE, Qatar and Kuwait).
• to prepare or check the project comparison activity wise budgeted vs. actual.
• to check the correctness, completeness, timeliness, authorization and integrity of data entry in various systems (ACCPAC, GDMS, DPMS, GDES & FAMS, etc.) and to review the role of finance staff in related workflows.
• to coordinate with the external auditors,
• to devise the Internal Audit Manual,
• to map out the Internal Audit Planning,
• to evaluate and check the compliance of policies & procedures and underlying data / documents of procurement (commercial) and subcontracting.
• to review and analyze the reconciliation between Budget, Material Requirement Plan (MRP) and actual procurement
• to coordinate with Programmer for developing Manpower Control System for mobilization and demobilization
• to check the system of Manpower Control / HR and procedures for mobilization, demobilization and visa processing of personnel and various costs associated with these functions.
• to perform and supervise various audit department’s activities,
• to verify the existence and value of assets and maintenance of proper safeguards for their protection
• To compare and report on budgeted verses actual figures for each project monthly.
• Maintenance of accounting records and ensuring that projects are financially executed in accordance with company’s project management best practice.
• Control and monitor respective business area expenditures in accordance with budgeted figures and achieve financial self reliance in funding for development of future projects.
• to manage the maintenance of books of accounts & records in accounting package, in compliance with management policies as well as legal and statutory requirements,
• to manage the preparation of periodic financial statements,
• to coordinate with the software developer in up-gradation, design and implementation of accounting and inventory system.
• to assist in the inventory management and production planning in coordination with production department,
• to handle day to day matter with Banks, Leasing and Insurance companies.
• to supervise the maintenance of fixed assets & inventory records (manual & computerized), their physical counts,
• to supervise the working / preparation of Payroll, Sub-contractors bills and party payments,
• to supervise the preparation and to ensure the filing of Sales Tax & Income Tax Returns and With-holding Tax Statements within stipulated deadlines in consultation with the tax consultant,
• to coordinate with external auditors for annual statutory audit,
• to deal with suppliers, vendors, contractors, statutory authorities and tax consultants.
Same as in Descon Engineering
Construction, Housing Societies, Sugar Mills & Food Industries
Internal Audit Outsourcing/ Co-sourcing
Planning, supervision of field work and finalization of audit reports
Annual and periodic risk assessments
Preparation of audit work programs
Preparation of follow-up plans after issuance of Audit Reports
Attending operational level, senior management and audit committee meetings
Internal Controls Design & Evaluation
Carrying out gap analysis of clients’ internal controls with best practices
Preparation of policies and procedures manuals
Internal controls evaluation of statutory audit clients
Have implemented financial & inventory systems
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