Ahmed Orfy

• Assists in development of the group's comprehensive risk based annual audit plan for the entire audit universe.

• Performing risk assessments on key business activities and using this information to guide what to cover in audits.

• Conduct in-depth financial, operational, and compliance evaluations and audits in accordance with the International Standards for the Professional Practice of Internal Auditing.

• Provides reasonable assurance that risk management, control, and governance systems are functioning as intended and will enable the organization’s objectives and goals to be met.

• Performs audit work, including plan preparation, work papers, finding, and associated reports.

• Preparing reports to highlight issues and problems and distributing the reports to the relevant parties & stakeholders.

• Provide constructive and meaningful comments based on audit findings that will help the various teams to improve performance, reporting, internal controls and compliance with approved policies and procedures at their locations.

• Report outcomes & suggesting improvements of the identified weakness & implementing industries best practices.

• Submit to the Board of Directors a periodic activity report highlighting significant audit findings, significant deviations from the approved audit schedule and the reasons for the deviation, and recommendations.

• Attending meetings with auditee and Bahrain Central Bank to develop an understanding of business processes and recent regulations.

• Provides an independent opinion regarding the adequacy and effectiveness of management’s controls for safeguarding company assets and for providing reliable information.

• Evaluates whether organisational units are performing their planning, accounting, custodial, and control activities in compliance with management instructions, policies and procedures and in a manner consistent with approved objectives and high standards of business practice.

• Conduct periodic follow-up reviews to assess and report on progress or completion of management's corrective actions in response to internal audit observations to improve deficient conditions.

• Ensures actions have been taken and deficiencies corrected in a timely manner and in accordance with the agreements in the audit report.

• Providing ad hoc advice and guidance to managers and staff at all levels, sometimes by delivering courses and training sessions.

• Coordinate with External Auditors in all their tasks, and communicate the results, along with any relevant comments about their performance to the Audit Committee.

• Assessing how well the business is complying with rules and regulations and informing management whether any issues need addressing.

● Establish the annual internal audit plan for the entire audit universe and manage internal and external resources to execute the plan.
● Supervise the identification and evaluation of the company’s risk areas and develop the Annual Risk-based Audit plan.

● Performing process level risk analyses, internal control assessments and concluding on residual risk and identifying opportunities for improvement.

● Conduct or cause planning efforts for individual elements of the audit plan and allocate appropriate resources to each audit engagement.

● Evaluate the efficiency and effectiveness of the entity’ internal control framework, risk management and governance processes.

● Provides reasonable assurance that risk management, control, and governance systems are functioning as intended and will enable the organization’s objectives and goals to be met.

● Conduct in-depth financial, operational, and compliance evaluations and audits in accordance with the International Standards for the Professional Practice of Internal Auditing.

● Conducts independent and integrated audits in accordance with the Internal Audit Plan including development of appropriate documentation to support audit work performed, adjusting for changes and tracking of management action plans.

● Conduct periodic follow-up reviews to assess and report on progress or completion of management's corrective actions in response to internal audit observations.

● Responsible for Preparing Audit committee agenda & meetings minutes.

● Submit to the Audit Committee a periodic activity report highlighting significant audit findings, significant deviations from the approved audit schedule and the reasons for the deviation, and recommendations.
● Managing audit team in planning, organizing, directing, and monitoring of Internal Audit activities / assignments.

● Prepare or review preparation of internal audit reports or other forms of communication on work undertaken by the internal audit staff, discuss observations and recommendations with relevant management through formal exit meetings (and other means of communication as appropriate) and submit the draft reports.

● Keep abreast of evolving regulation, business/economic trends, good practices, governance requirements and the operations of the organization and its subsidiaries through external/internal sources thereby ensuring continuous evolution of the approach adopted in execution of the audit plan as a whole and of its individual elements. Furthermore, sharing the information thus obtained within the internal audit department.

● Assist the Head of Group Internal Audit in implementing a reporting framework by preparation of reports, analyses and other internal audit MIS and, in preparation of the internal audit submissions to the Audit & Governance Committee.

• Participating in auditing the financial statements of banks and financial institutions.
• Discussing significant matters resulting from audit procedures and test of controls implemented with in-charge auditor.
• Participating in performing test of controls to evaluate the effectiveness and reliability of internal control systems.
• Participating in preparing management letters of significant weaknesses in internal control systems, its effects, and our recommendations to eliminate them.
• Performing the risk assessment for inherent risk of each item of the financial statement components and evaluation of the internal control structure in the organization.

The major companies & the banks that I participated in auditing its account:

1- Commercial International Bank (CIB) .
2- Egyptian American Bank (EAB).
3- Commercial International Brokerage Company (CIBC).
4- Commercial International Asset Management (CIAM).
5- CIB osoul Fund.
6- Commercial International Life Insurance (CIL)
7- Maf Hyper Market (Carffour).
9- Maf for Installation & Management of Hyper Market (MAF MISR).
10- Pacc For Information System .