Group Internal Audit Director
Al Kifah Holding company
مجموع سنوات الخبرة :15 years, 10 أشهر
• Work with client businesses throughout the project lifecycle by leveraging business performance improvement approaches and frameworks and helping to ensure timely execution of project deliverables.
• Performed risk-based internal audit reviews including operational, financial, and compliance areas for various companies. The review includes understanding the as-is process, misalignments, challenges, and suggesting improvement opportunities within the various functions, and helping to identify leading practices that can be implemented keeping in mind the operational challenges and cost of implementation.
• Functional expertise involves planning and conducting diversified internal audit assignments, evaluating the design, and operating effectiveness of existing controls, identifying associated risks, and suggesting cost-effective controls for correcting unsatisfactory conditions and process gaps, in addition to preparing detailed reports for discussion with Protiviti senior management and client’s project sponsors.
• Assisting the clients in successfully restructuring the business process for optimized results. It also includes Evaluating existing processes & controls; recommending/implementing changes to mitigate risks and improve efficiency. During reviews covered all the key processes including Production, Procurement, Sales, Inventory Management, Procurement, Logistics, HR, Marketing, etc.
• Established Internal Audit Function. Developed IA charter, Manuals, and KPIs.
• Provide service excellence by identifying key client business issues, determining client needs by supplementing the standard assessment techniques and tools with innovative approaches.
• Lead the team through the audit process, with an eye on quality, thoroughness, and accuracy.
• Perform project management activities including development and management of work plans, schedules, and project budgets.
• Work with the senior management to present Protiviti Advisory offerings to the market
• Work with client businesses throughout the project lifecycle by leveraging business performance improvement approaches and frameworks and helping to ensure timely execution of project deliverables
• Provide service excellence by identifying key client business issues, determining client needs by supplementing the standard assessment techniques and tools with innovative approaches.
• Performed risk-based internal audit reviews including operational, financial, and compliance areas for various companies, During reviews covered all the key processes including Production, Procurement, Sales, Inventory Management, Procurement, Logistics, HR, Marketing, etc.
• Lead the compliance investigations process (assigned to the Risk Advisory team), including communication, investigations, inspections, interviewing, and final report discussion & issuance.
• Managed and coordinated with teams at multiple locations and ensuring that all reviews are completed within prescribed budgets for the allocated engagements. Ahmed was also responsible for the development of the team. He has managed the review with a team of 6 to 10 professionals. Clients' experience with BDO included Modon industrial authority, Ministry of Culture, Tamer Group, and many others.
• Participate in closing meetings with the client at the end of fieldwork, providing clear explanations for identified issues.
• Work with the director to present BDO Advisory offerings to the market.
• Supports Internal Audit in the development and implementation of the evolving IA methodology for the Company.
• Prepare the Risk-based Internal Audit plan (RBIA) and Develop audit programs, working papers, and checklists.
• Evaluate the adequacy of process design and the effectiveness of controls in meeting business and control objectives.
• Perform the audit tests and prepare working papers in accordance with professional IIA standards and the Company IA methodology.
• Ensures compliance with established internal control procedures by examining records, reports, operating practices, and documentation.
• Propose practical and value-added recommendations to address control weaknesses and/or process inefficiencies.
• Provide ad hoc investigation, advisory risk, and control services to operational management as required.
• Provide consultation services to the factory and the departments.
To do the internal audit For the group companies The Most Important Group Companies:
EVA Pharma Pharmaceuticals and Medical Supplies, Eva Cosmetics, Akhnaton for Trading and Representation, Horus Pharmaceutical Industries and Evagro for agriculture, as follows:
Main Duties and Responsibilities:
•Plan the audit engagement (risk-based plan) for activities under review, identify objective, specific risks (risk assessment) through understanding business and relevant processes, meetings, and performing walkthroughs of business cycles.
•Assess all key risks of business units by relevant risk categories and its (impact/likelihood); also determine risk priorities according to risk register.
•Prepare a comprehensive audit program that state the objectives of the engagement, identifies technical requirements to be examined, states the nature and extend of testing, documents the procedures for collecting, analyzing, interpreting and documenting information during the engagement.
•Lead the team through the entire audit process, with an eye on quality, thoroughness and accuracy.
•Determine adequacy and effectiveness of the system of internal control for activities being reviewed and the efficiency of performance and whether organizational units are performing its activities in compliance with management's instructions and policies& procedures.
•Ensure that all safety measures to maintain the property and possessions of the group companies, including follow-up security measures at all the company's assets as well as private insurances breach of trust, in order to preserve funds group companies.
•Discuss observations and recommendations with appropriate management and for agree on action plan (Exit Meetings).
•Preparing formal written draft communications (reports) including conclusions /observations and recommendations of the activities being reviewed
•Ensuring implementation of corrective and preventive actions as recommended and as agreed in action plan agreed with management.
•Assist in preparing annual audit plan and perform any other tasks assigned by Internal Audit section head/Internal Audit Manager
Key contributions:
•Assist in establishment of Internal Audit Department from scratch.
•Assist in setup a risk management frame work.
•Transfer the Audit Methodology from only focusing in payment to modern risk based.
•Assist in smooth merge and acquisition process.
Main Duties and Responsibilities:
•Develop an understanding of the client's business and needs.
•Responsible for Auditing Financial statements for portfolio of client’s diverse between many fields such as: trading, Automotive and manufacturing companies.
•Participate with the team in reviewing the financial statements of some companies, and the most important companies: (Habitat for Furniture, Unipack Nile Limited, Fotouh for the automotive industry, Daewoo Egypt, Aotocol and South Sinai Tourism).
•Carry out an inventory and follow-up of inventory of the treasury stock
•Make the necessary financial analyzes for the purposes of an audit of financial statements.
Key contributions:
•Detect fraud case in one of our clients.
Very Good