Internal Auditor
Al Falah Holding
مجموع سنوات الخبرة :18 years, 0 أشهر
I am engaged in perpetual and periodic audits of a group of companies. Also conducting risk
based audits for group companies The Group undertakes following businesses:
* Consultancy
* Contracting and Infrastructure
* Education
* Healthcare
* Information Technology
* Logistics and Transportation
* Oil and Gas
* Services
* Trading
The areas of audit include revenue, expenses (direct and indirect), assets (including but not
limited to receivables and inventory) and liabilities.
Understanding and documenting the existing operations and flow of transactions /
processes
* Analyzing the existing structures for deficiencies and ineffectiveness
* Recommending the revised processes/flow of transactions/ structures
* Getting approval of client management by explaining and presenting the difference
between old and new business processes/structures
* Documenting the new business processes/ structures in form of flowcharts as an input
for preparing Sop Manuals
* Preparing the Sop Manuals
* Planning and performing operational and financial audits of clients
* Identifying business process risks for clients
* Developing testing methodologies to evaluate the adequacy of controls
* Documenting the results of the evaluations along with preparation of soft copy and
hard copy audit files.
* Developing risks and recommendations based on audit findings and presenting
internal audit reports to senior management of clients
* Planning and allocating resources and individuals in accordance with skills and
schedules.
* Reviewing the work of team members and ensuring that the audit observations pointed
out are genuine and supported by sufficient appropriate audit evidence.
* Formulating professional development and educational plans for junior staff members
* Ensuring that working papers files are prepared and archived as per firm’s quality
control procedures.
* Have worked in Europe (Italy) also for 2 months on deputation at a reputed client
of firm.
Appendices to Resume - Atta Muhammad Page 2 of 4
Accounting Services:
* Performing routine accounting and book keeping for clients.
* Preparing month end closing accruals
* Preparing monthly profit and loss account and statement of financial position for clients
* Preparing GL Reconciliations and Bank reconciliations
* Preparing invoices for customers of clients including intercompany invoicing
* Book keeping of accounts receivable and accounts payable
* Coordinating auditors of clients for their queries
Team Leadership
* Ensuring that annual audit plan is achieved on timely basis.
* Risk assessment and planning for internal audit of branches to be carried out on risk-
based approach.
* Participating in branch internal audit opening meetings to explain to branch
management the scope of assignments.
* Area allocation among team members and ensuring that the total work of assignment
has been distributed among team members according to the expertise of each team
member.
* Ensuring that work on assignment is carried out effectively and efficiently.
* Consolidating and reviewing the work of team members and getting the review points
resolved on timely basis.
* Participating in concluding meetings with branches to discuss internal audit
observations.
* Guiding branches for proper implementation of Bank’s Operations Manual and
Standard Operating Procedures. `
* Preparing internal audit reports for obtaining management comments against pointed
out internal audit observations.
* Liaising with branch management and following up for branch management
comments.
* Reviewing management comments against internal audit observations.
* Preparing Branch Audit Rating model.
* Submitting the draft internal audit report along with branch management comments
and Branch Audit Rating Model.
* Ensuring that internal audit working papers files are prepared in accordance with the
Bank’s quality control procedures and archived on timely basis.
Investigations / Forensic Audits of Incidents of Fraud, Embezzlements and Corruption
* Conducting detailed investigations on incidents of frauds, embezzlements and
corruption analyzing violations of Bank’s Operations Manual and Code of conduct and
local law.
* Reviewing records and facts analytically to form robust conclusions on investigation
assignments.
* Obtaining written statements from staff and customers on incidents of frauds,
embezzlements and robberies.
* Drafting detailed investigation reports for review of Disciplinary Action Committee
(DAC) of the Bank.
Internal Audit of Loans and Advances
* Visiting borrowers’ business premises on first day of internal audit to verify and count
available stock of pledged items.
* Sample selection for loans and advances segment according to Bank’s Internal Audit
Manual.
* Verifying whether loans and advances have been granted as per Bank’s internal
standard operating procedures and as per State Bank of Pakistan’s Prudential
Regulations.
* Verifying whether correct amount of markup has been charged from borrowers on
loans and advances
* Pointing out leakage of income of Bank (if any) on loans and advances.
* Verifying completeness and existence of documentation for mortgaged properties.
* Discussing with branch management internal audit observations in loans and
advances segment of branch internal audit for effective resolution.
* Obtaining branch management comments on pointed out internal audit observations
in loans and advances segment.
Internal Audit of General Banking Cycles
* Carrying out control testing on sample basis of various general banking cycles e.g.
Account Opening, KYC & AML policies, Chequeen Book Issuance, Withdrawal /
transfer of funds through Chequeens, Zakat deduction, ATM Cards issuance,
amendments in status of accounts from active to dormant and vice versa, Account
Closure, Profit on Saving Deposits, Issuance, Encashment, Rollover and profit
calculation of Term Deposits, Deceased Accounts, Lockers, Stop payment Requests,
Issuance and Encashment of Demand Drafts, Pay Orders and Rupee Traveler
Chequeens, Cash Deposits and withdrawals.
* Pointing out leakage of income (if any) of the Bank while verifying control testing of
above mentioned procedures.
* Completing assigned work efficiently and effectively to ensure that internal audit
assignments are concluded for their purpose and on timely basis.
Conducting external audits of listed, public and private companies in diverse industries including financial institutions, manufacturing companies and service industry.
Ensuring that financial statements to be audited are prepared in accordance with International Financial Reporting Standards (IFRS) and local law.
Ensuring that all the disclosures are incorporated in the financial statements in the light of IFRS.
Ensuring that auditee has recognized all business transactions, measured them according to IFRS, and disclosed.
Ensuring that proper books of accounts are maintained by the auditee in support of financial statements provided to us for audit.
Ensuring that assignments are carried out effectively and efficiently.
Ensuring that working papers files are prepared and archived as per firm’s quality control procedures.
Ensuring that audit has been carried out in accordance with International Standards on Auditing (ISAs).
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