Internal Audit Director
University of Central Asia
Total years of experience :23 years, 4 Months
Reporting to Board of Trustees and Audit and Risk Committee
• Providing consultation and assurance towards University's mission, vision and objectives
• Monitoring University's governance strategies
• Assessing corporate governance maturity
• Providing assurance towards the effectiveness of internal control system, reliability of financial data and compliance with rules, regulations and standards
• Developing appropriate assurance services covering all operations including Finance, Operations, Administration and Academic.
• Implementation of ERP
• Raise reports and make recommendations toward process enhancements and risk management
• Active participation in the development and implementation of the Business Continuity Plan
• Reporting to Board of Directors and Audit Committee
• Providing consultation and assurance towards University's mission, vision and objectives
• Monitoring University's governance strategies
• Assessing corporate governance maturity
• Providing assurance towards the effectiveness of internal control system, reliability of financial data and compliance with rules, regulations and standards
• Developing appropriate assurance services covering all operations including Finance, Operations, Administration and Academic.
• Implementation of ERP
• Raise reports and make recommendations toward process enhancements and risk management
• Active participation in the development and implementation of the Business Continuity Plan
• Reporting to Group Director of Internal Audit.
• Following a risk based audit approach, I was involved in developing risk based planning process which identifies highest priority strategic, operational, financial, and regulatory risks of the group.
• Providing timely and impactful communication to key stakeholders regarding the global collection of risks, audit findings, and issue-remediation efforts.
• Reporting on adequacy, efficiency and effectiveness of business processes and providing recommendations to improve & add value to these systems.
• Implementation of ERP
• Ensure that audit schedule and program prepared for all the group companies containing details such as name of the company(s) areas to be audited starting and completion time are fully complied with a view to have a complete picture of company’s financial health and operational efficiency.
• Review the list of the issues received from the field auditors and decide if any other area or related activities are required to be looked into so as to ensure that all aspects of the business has been covered and reflect a correct picture of the company’s commercial health
• Conduct special field audit on the request of the operating companies or on the advice of the Audit Manager to thoroughly investigate the critical segment of the business, identify the weaker and problem areas and recommend measures for effective control
• Prepare schedule and conduct perpetual (monthly) inventory in Ghadeer and other companies of the group to ensure that stock ordered and received are in order, any shortage or damage have been properly recorded and an optimum stock availability is always maintained.
• Support the field auditors in reviewing the audit program, analyzing findings and the supporting documents procured in support of the issues raised so as to prepare an accurate and authentic report
• Coordinate with the Audit Manager in preparation of the draft audit report for it’s onwards transmission to Auditee Company so as to enable them to study and provide their feedback enabling the audit department to prepare final report.
• Receive the response on the draft report from the concerned company, examine the same along with the Audit Manager and discuss with the client to reconcile the difference, if any
• Carry out a truly diversified experience in Financial Evaluation & system monitoring.
• Preparation of management reports including Financial Statements, bank reconciliations and other business related forecasts.
• Internal Audit of all the branches
• Financial restructuring
• Implementation of IFRS (International Financial Reporting Standards)
• Development and implementation of Internal Controls
• Projected and discounted cash flows
• Consolidation of Financial Statements and get them audited by the external auditors
• Providing opinion on the financial matters of the group.
• Identifying, managing and reporting financial and operational risks.
• Assist departments and subsidiaries in development of risk register
• Identifying the areas of weakness towards achieving the Organization goals and performing gap analysis in strategy and actual performance
• Developed strategic audit plan, formulation and execution of work program and recommending improvements
• Organizing and attending meetings with GCFO, Directors, GM and other concerned parties
Special Assignments
• Registration of two offshore companies
• Acquisition and de-merger of companies
• Planning, controlling, executing and documenting audit work
• Assessing adequacy of accounting systems including gathering and evaluating audit evidence
• Evaluating and testing internal controls and reviewing financial statements
• Applying Auditing Standards and Guidelines and compliance with regulatory requirements
• Drafting audit, preparing financial statements including consolidations
• Applying Financial Reporting Standards and Companies Ordinance
• Preparing and reviewing budgets, comparison against performance, profit and cash flow forecasts
• Designing and implementing management accounting, information and control systems
FCMA
CRMA
CIA