Abubakar Abubakar

As a managing partner I am responsible in:
 Review of all audits assignments.
 Signing audit report
 Searching for new clients
 Prepared and reviewed audit planning for various clients.
 Preparation of final accounts for clients
 Provided consultation on internal controls to clients
 Providing consultations on Internal audit and enterprise risk management matters
 Resource person in various training programmes conducted by the firm.

-As internal Auditor I am responsible in:
• The review of financial statements of the bank and internal control systems.
• The review of financial statements for Deposit Insurance Board and its internal controls system.
• The review of various operations and processes of the bank including:
 Banking operations
 Reserve/ Treasury management functions.
 Human resources management.
 Fixed assets management to mention.
 Project management.

• Coordinating departmental activity planning and business continuity planning.
• Review of Operational and procedure manual for various departments.
• Team leader in various audit assignment.
• Member of audit team preparing internal audit manual.



Achievements

• Assisted the department of foreign accounts to rectify various forex accounts which were misbehaving and thus reducing number of audit queries from the external auditor.

• Recommended rectifications measures on differences for financial assets between Treasury Management system and Central Bank system.

• In Deposit Insurance Board, I recommended various issues which have been undertaken for implementation including the introduction of Risk register, business continuity plan, operational and procedure manual, establishment of procurement unit.

• On the Project of mobile payments regulations and public awareness campaign to enhance usage of mobile financial services for the period of 22 months ended 31st may, 2013I reviewed and recommended various improvements including the employment of qualified accountant for the project, preparation bank reconciliation statements for the project, proper financial record keeping, proper disclosure in the financial statements etc.

As chief accountant I was responsible in:
• The preparation and reporting of financial statements and annual budget.
• The supervision of revenue and expenditure from agency transactions including agency and preparation of disbursement accounts for principal companies of foreign vessels.
• The supervision and check of daily expenditure transactions against the budgeted expenditure.
• Administering collections from various sources which includes from tanker vessels, passenger and cargo vessels.
• The review and supervision of credit policy of the corporation and advise financial manager on appropriate risk management strategies on foreign transactions.
• The maintenance of accounting records and responding to auditing queries on financial statements.
• Supervising and checking of preparation of monthly payroll.
• Authorising and supervising posting of accounting adjustments, preparation of bank reconciliation statements andpayment vouchers.
• The preparation of daily cash inflows and outflows reports and signing of cheques as one of signatories in the Corporation.
• Preparing and presenting quarterly performance report to the Board.

Achievements

• Financial statements and budget were prepared on time.

• Managed to introduce the use of excel in the preparation of Disbursement accounts which was also integrated to revenue accounts.

• Timely preparation of payroll.

• I introduced the preparation of monthly cash flow and daily cash position report.

Main duties were:
- To supervise collections from post paid customers (Billing customers).
- To record all transactions relating to interconnet between zantel and other companies worlwide.
- To maintain records relating to tower sharing and bandwith with local companies.
- To reconcile other telecomunication companies accounts with zantel.
- To maintain records between zantel and etisalat.

Achievements

I kept a record collection of 98% of all amount due to the billing customers for the month of December 2006. That collection was not reached before.

Main duties were:
- To records all financial transactions relating to agency department.
- To prepare Disbursement accounts for local and oversea vessels that arrive in zanzibar port but owned by foreign companies.
- To make follow up of amount dues in favor the corporation to its clients.