Manager Audit
Ernst & Young Middle east
مجموع سنوات الخبرة :14 years, 6 أشهر
EY Middle east-Rapid innovation is a member firm of EY Global Limited and has been established to deliver the mandate of Ernst &Young (Middle East) clients by using modern and sophisticated audit analytical tools such as Eagle, AAM, Gamx etc.
At Present, while working with EY Middle east (A member firm of EY Global) in the capacity of ‘Manager Audit & Assurance Services’ my job key roles and responsibilities included:
Key Tasks:
- Engagement planning based on understanding of the business processes, and underlying business/ audit risks;
- Apply Firm’s audit methodology including International Standards on Auditing (ISA);
- Analysis of ‘Intelligent Data’ during interim/ final periods based on the information provided by the client/ internet.
- Provide understanding of the business along with the flow of journal entries;
- Develop expectations based on publicly available information and last year’s data along with management's forecast;
- Calculate key ratios and compare the same to industry data/ last year’s available data and compare it with Midb;
- Perform overall analytical review at planning, and finalization stages of the audit;
- Apply insights gained through the flow of journal entries particularly ‘Order to Cash’ and ‘Procure to Pay’ cycles.
- Challenge previously identified risks and identify of additional risks from the insight provided by the analytical tools;
- Identify significant class of transactions and evaluate financial statement close process in order to identify unusual accounting relationships or journal entries;
- Deploy substantive analytical procedures at different stages of the audit using industry knowledge, management's forecast and/or last year’s available data;
- Plan and perform general and specific audit procedures and ensure preparation of financial statements in accordance with applicable accounting framework including International Financial Reporting Standards (IFRS) and local laws; Develop Working papers of all heads of accounts
- Draft ‘Management Letter’ based on engagement findings; Also prepare financial statements for engagements performed.
- Engagement supervision, review and finalization including close liaison with the management; and
- Interaction with clients to help ensure the information flow from the client to the audit team is efficient, serving as a liaison between clients and upper management; provide approaches to the audit team in order to have effective team planning events.
- Co-ordination with the Senior Manager/Director / Partner with respect to engagement risks, issues, variances from time plan
Key Clients:
Fugro Middle East
Emirates Snack Foods
Lootah Group LLC
ITP holdings
TIG- Ashwa LLC Ajman Independent Studios
Gulf Drugs Establishment
Pacman Middle east LLC
Star Kitchen
ETEX- Promat Fire Protection LLC
CDC Abudhabi group
Al Shaya General trading Dubai
- Risk Management
- Internal Audit
- Fraud Investigations ( Forensic Audit)
- Corporate Governance and SOX 404 related projects
- International Financial Reporting Standards (IFRS)
- Internal Auditing Standards
Moreover,
• Directly managing the internal audit team assigned to various projects;
• Defining the engagement scope and responding to team queries;
• Reviewing audit draft reports and conducting exit meetings;
• Maintaining effective professional relationships with the executive management team;
• In-charge of special projects and fraud investigations;
• Conducting risk assessments and preparing strategic audit plans pertaining to audit cycles;
• Preparing Board Audit Committee presentations and communicating high risk findings to board members and executive management;
• Reviewing and assisting the audit team in designing the scope, work program, audit tests and report;
• Updating the internal audit charter, policies, and procedures.
Audit, Finance, Advisory
PARTICULARS INSTITUTE YEAR STATUS Chartered Accountant The Institute of Chartered Accountants of Pakistan (ICAP) 2013- CA Qualified and ACCA Qualified.
Public Finance Accountant Pakistan Institute of Public Finance Accountants (PIPFA) 2012 Just 1 Paper of C.A Final Module remains to be passed To be eligible For PIPFA Qualification Certification.
Masters in Economics University of Karachi 2012 Qualified in 2013.
SSC (Science) GCE O-levels equivalent Metropolitan School, Karachi 2005 Secured A-One Grade (with 89% marks) ; 25th position overall Karachi PROFESSIONAL SERVICE EXPERIENCE
KPMG Lower Gulf Limited (Abu Dhabi, UAE) (member firm of KPMG International) Jan 2013 to Present At present, I am working with KPMG DUBAI (UAE) Office in the capacity of 'Senior Associate'. While working in the Audit Department in Karachi Office, my Engagement specific key roles and responsibilities included: ENGAGEMENT PLANNING: ◆ Assisting the engagement partner / manager in the development of audit strategy, the expected scope and conduct of the audit; ◆ Obtaining an in-depth understanding of a client's industry and business; ◆ Identifying potential risk areas faced by the entity and evaluating their impact on the financial statement assertions; ◆ Team planning and budgeting ENGAGEMENT SUPERVISION: ◆ Maintaining a highly productive and motivated team through responsible task delegation, ongoing encouragement, and active collaboration between team and management; ◆ Reviewing, collecting, and analyzing data to detect deficient controls, fraud, or noncompliance with laws, regulations, and management policies and making appropriate recommendations to the management; ◆ Interaction with clients to help ensure the information flow from the client to the audit team is efficient, serving as a liaison between clients and upper management; ◆ Co-ordination with professionals of various fields like legal, actuarial and IT experts; ◆ Ensuring the progress of the engagement against timetable and budgets; ◆ Ensuring that the work is properly executed, documented and concluded in compliance with KPMG Audit Methodology; ◆ Ensuring compliance with the Code of Corporate Governance issued by SECP applicable for listed companies; ◆ Supervising and reviewing the work of subordinate staff and helping them to develop through their coaching & counseling ; and ◆ Co-ordination with the engagement Manager / Partner with respect to engagement progress - risks, issues, variances from plan in terms of time, budget etc. ENGAGEMENT COMPLETION: ◆ Assisting client in preparation and thorough review of Standalone / Consolidated Financial Statements, schedules and disclosures in accordance with the financial reporting framework which includes compliance with International Financial Reporting Standards (IFRS) ◆ Generally Accepted Accounting Principles (GAAP), local corporate laws and directives of regulatory authorities; ◆ Participating along with the engagement Manager / Partner in client finalization meeting to discuss and resolve significant issues; ◆ Streamlining preparation, compilation and reporting procedures for Audit / Internal Control Report & Management Letter. GENERAL ROLES & RRESPONSIBILITIES: ◆ Conforming with and abiding by all regulations, policies, work procedures, and instructions. ◆ Advising clients in establishing and maintaining systems and controls which verify the integrity of all systems, processes and data, and enhance the Company's value. ◆ Developing and overseeing appropriate publicity of the employer through effective relations with clients. ◆ Communication with co-workers, management and others in a courteous and professional manner. ◆ Identifying and implementing plans for own training and development needs. AUDIT AND REVIEW ENGAGEMENTS During my tenure at KPMG Taseer Hadi & Co., I have been involved in the finalization of various statutory audits and limited scope review engagements.The most significant audit and assurance clients that have contributed to my professional growth include: Manufacturing Industry • International Steels Limited • Dalda Foods (Private) Limited • Continental Biscuits Limited • Pakistan Synthetics Limited • Rousch Pakistan (Power) Limited • Fecto Cement Limited • Roche Pakistan Limited Service Organisation • Pakistan Defence Officers' Housing Society (PDOHA) • Sharaf Shipping Agency (Private) Limited • United Marine Agency (Private) Limited • MSC AAgency (Private) Limited • Port Qasim Authority BTMU, ALICO, MCB
Bachelors in Commerce University of Karachi 2010 Secured 4th Position overall Karachi. First Division (75.2% marks) Masters in Economics ( MA )
HSC (Pre-engineering) GCE A-levels equivalent Adamjee Government Science College, Karachi 2007 Secured A-One Grade (with 87% marks) ; 11th position overall Karachi