Abdus Sami Mohammed

Company profile: Barns Coffee (F&B Industry) established in 1992, part of AlAmjaad Group, is a leading coffeehouse chain in Saudi Arabia & GCC with over 800 branches across (Owned + Franchise), offering premium coffee and a wide range of beverages.

 

Key responsibilities:

· Refining governance / internal audit procedures and enhancing the internal audit methodology to ensure adherence with the Institute of Internal Auditors (IIA) standards and organizational priorities.

· Managing and mentoring a team of internal auditors, providing ongoing training and development to enhance their technical expertise and career growth.

· Ensuring effective coordination between different audit functions and other departments to foster collaboration and streamline audit processes.

· Monitoring audit progress and resource allocation, adjusting plans as needed to ensure timely completion of audit objectives.

· Evaluating the performance of internal audit staff, providing regular feedback and identifying opportunities for skill development and process improvements.

· Facilitating the outsourcing process for consultants, ensuring the selection of a qualified profile.

· Conducting Internal Audit engagements & follow-ups of various Auditable entities.

· Re-shaping annual audit plans based on risk assessment and strategic priorities.

· Identifiying key business risks and assessing the sufficiency of current controls, providing insights for improvement.

· Developing Audit programs / Risk-Control matrix (RCM).

· Reviewing audit findings, identifiying control design / operating effectiveness gaps, and recommending improvements.

· Conducting exit meetings with management to communicate audit results and agree on action plans.

· Drafting & Finalizing Internal Audit reports.

· Facilititating in preparation of quarterly status reports for the Audit committee & Top management.

Organization’s profile: A Global consulting firm and a subsidiary of Robert Half founded in 1948, having GCC presence since 2002. It leads in consulting clients (Fortune 500 companies, SMEs, Listed companies, etc.) on governance, risk, compliance, internal audit & financial advisory, technology, data and internal controls.

 

Few Key responsibilities:

· Conducted Internal audit engagements for a governmental client.

· Conducted Risk assessment, Internal audit plan & governance for a private client.

· Conducted Agreed upon Procedures (AoP) for a private client.

· Supported in conducting Internal Financial control (IFC) review and Delegation of authority (DoA) / Authority matrix review for governmental clients.

· Supported in conducting Quality assurance and improvement program (QAIP) review for a listed client.

Organization’s profile: Fitness time (Sports & Fitness industry) established in 2005, is a Public listed company and a leading Gym chain in Saudi Arabia & GCC with over 200 centres across. Its annual revenue was reported at SAR 1.06 bn in the year 2022.

Non-recurring Key responsibilities:
• Conducted internal consulting engagement on Control self-assessment (CSA) review of selected departments.
• Conducted internal consulting engagement on ISO 27001 gap assessment review.
• Conducted internal consulting engagement on Internal control over financial reporting (ICFR) review.
• Managing and mentoring the internal audit engagement team providing ongoing training and development to ensure engagement objectivity is met.
• Conducted operational visits of the branches to identify process control design gaps / process operational ineffectiveness

in addition to Rolaco's work profile:

• Identified key business risks and assessed the sufficiency of current controls, providing insights for improvement.
• Developed Audit programs / Risk-Control matrix (RCM).
• Executed and supervised detailed audit fieldwork, ensuring alignment with the scope of work, internal controls, existing level of risk mitigation, risk culture, etc.
• Reviewed audit findings, identified control design / operating effectiveness gaps, and recommended improvements.
• Conducted exit meetings with management to communicate audit results and agree on action plans.
• Drafted & Finalized Internal Audit reports.
• Prepared quarterly status reports for the Audit committee & Top management.
• Monitored and followed up on the implementation of corrective actions post-audit.
• Ensured Archival is in place.

• Performing Risk & Compliance Based Audits of
Key Business Functions for the Group’s
Individual Companies (Corporate Finance,
Procurement, Logistics, Inventories and Sales,
After Sales, Corporate Services: Purchasing
Department, IT Applications; IT Operations & IT
Data Management).
• Preparation & Finalization of Risk & Compliance
Based Audit Reports for Group’s Individual
Companies (Automotive, Hospitality, Electrical
Segment, Travel & Tourism, and Machinery Rentals)..
• Identifying ‘Design Weakness’ in Internal
Controls & reporting it by Audit reports to
Management & Head of Audit.
• Discussing Observations & recommendations
with appropriate process Owners & Line
Managers to agree on action plan (exit
meetings).
• Assist as required in the investigation of
significant suspected fraudulent activities within
the Group & prepare reports with results &
recommendations.
• Providing support for follow-up of critical audit
observations requiring immediate remedial
action.
• Providing support for follow-up of pending
action plans with various departments &
companies.
• Assisted Internal Audit Manager in quarterly
reporting/ presentation to Audit Committee.
• Developed Risk Register focusing on
Observations, its Risks & Control methodology.
• Developed Risk Assessment of all Categories to
provide support in defining the Annual Risk based
Internal Audit Plan.

•Internal Audit: Operational; System; Compliance & Financial Audits in Distribution sector of KSA Region.
• Assisted IA Manager for ‘appropriate ‘Controls & Procedures’ to be implemented in Operational & Financial areas.
• Participated in open meetings with department heads to explain scope & objectives of audit engagement & provided an overview of all steps in audit process.
• Understanding of business processes in scope for assigned audits by using flowcharts.
• Participated in closing meetings with client at the end of fieldwork, providing clear explanations for identified issues.
• Assisted in the preparation of a concise & informative audit report to effectively communicate the findings & recommendations to the branch/ department & senior management.
• Routine based checking of ERP modules to GL Accounts for pending Journal Vouchers, analysis on employee expenses vs. budget of allocated expenses, analysis on General & Administrative expenses vs. its respective approvals.
• Analysis of Information Systems (ERP) and recommendation over its customization.
• Monitored postings of the Accountants of 17 Branches on the ERP Software: (Industrial Financial Systems).

-Project in Financial Analysis of Products.
-Preparation with the current market scenario of that period focusing on the consumers P.O.V.