Internal Audit Manager (Reporting to Audit Committee)
RAGHI-INVEST- Alwatania Gypsum Company
Total des années d'expérience :36 years, 7 Mois
company consists of two factories, management and audit committee which I work directly with them
1. Skill and professionalism in financial reporting
2. The President of the audit team is specialized in planning for the audit operations within the scope of supervision of the professional quality and raise rates.
3. Supervise the implementation of the plans direct guidance of the working group as well as the conduct of coordination between the team and with the departments and professional sectors and the institution so as to ensure control over The performance.
4. Investment team of professional work, and technical that support him and promote, develop and identify training programs and training needs.
5. Continuous technical supervision on the daily review and follow-up operations for the team work and the Implementation of certain technical tasks according to business needs and make recommendations that would address any deficiencies with respect to any deviations between actual performance and planned.
6. Development of services provided to customers and open areas for additional services.
7. Meet the screening requirements and standards of professional performance quality, care and review files in terms of regularity and secure their information and maintain and ensure the application of professional standards.
8. Meets the requirements of disclosure and transparency in providing information for those with the relationship with the fulfillment of the required reports in accordance with the deadlines of the ruling system, and the preparation of regulatory requirements for audit examination and fulfill the requirements and standards of professional performance Quality operations.
9. Representation of the institution to the customer, document and support the institution's relations with customers, and the development of services provided to customers and open areas for additional services.
10. Maintain the prevailing system and the institution of specific values council partners.
11. Internal control, test of control, test of detail.
12. An active member of the establishment and maintenance of internal policies and regulations of the company.
After my appointment as accounts manager, he was elected me to take over as internal audit manager at the request of the executive management in the holding company as shown above.
1.Assist in providing requirements of a installation of accounting systems
2. Prepare the consolidation of financial statements.
3. Supervise and control overall activities of finance department staff to ensure they perform their responsibility professionally.
4. Reviews and posting of all accounting transactions entered by accountants (audit list).
5. Preparing, checking, analyzing trial balance, financial statements (Balance Sheet, Income Statement, Cash FLow & Budget).
6. Preparing chart of accounts.
7. Dealing with the suppliers and contractors ( LC & cash against documents & bank transfer).
8. Dealing with Saudi Industrial Development Funds & Government Authorities, Preparing claims.
9. Developing, recommendation, maintaining Solutions.
10. Reviewing reconciliation bank, making adjustments.
11. Controlling fixed assets, making comparison between copy- books, actual and determine responsibility.
12. Reviewing all Payroll sheets & stock control.
13. Review session for the documentary movement of inventory and sure it is correct.
14. Supervise stocktaking ( quarter, semi-annual & annual ).
15. Matching inventory with the public accounts.
16. Monitor the proper recording of fixed assets and assets under construction, and transferred.
17. Control and make sure the assets added and discarded, and transferred, assigned, and consumed, according to company policies procedures.
18. Participating in preparing policies and objectives of company.
19. Co-operating with external auditors and preparing all required reports.
1. The same job description as shown above from point # 1 to Point # 19 as Accounts Manager in Alwatania Gypsum Company.
1. Fully responsible from the activities of the job, executes the audit program covering the financial various accounting systems and procedures for compliance with accounting standards.
2. Making sure of proper implementation of company policies and procedures and reporting about any discrepancies or misuse of authority.
3. Identification of weaknesses in internal control system, fill gaps, and recommends modification to improve efficiency.
4. Detect and prevent diversions & frauds such as embezzlement, collusion, forgery, etc.
5. Supervise stocktaking (quarter. Semi-annual & annual)
6. Discuss the draft report with respective department, head to seek their comments and resolve issues by responsible person.
7. Identifying cost saving areas contributing towards the bottom line.
8. Review of domestic and foreign purchases and all related expenses and the price of the currency exchange rate and its impact on the cost of sales
9. Participates in the preparation and execution of the annual and long term audit plans.
10. Can assist in coaching / guiding less experienced audit staff.
11. Reporting to internal audit manager as part of a team of 4 auditors.
12. Coordinates with the external auditor and preparing all required reports.
1. Analyzes financial information detailing assets, liabilities, and capital, income statement, and other reports.
2. Reviewing contracts, orders, vouchers, and prepares reports.
3. Makes recommendations regarding the accounting of reserves, assets, and expenditures.
4. Conducts studies and submits recommendations for improving the organization's accounting operation.
5. Audits journal entries, debit and credit notes received from sister companies and sign to data entry responsible for posting to ledger.
6. Checking all received and issue vouchers.
7. Auditing & adjustment of accounts receivables & accounts payable.
8. Report on major cash shortages/ excess to management
9. Reviewing accruals, prepaid expenses and following closing.
10. Controlling of petty cash and bank transaction.
11. Audit payroll and settlement of all related payments.
12. Matching subsidiary accounts with general ledger ( A / R, A / P, F / A, Inventory, ... etc )
13. Preparation & adjustment of monthly trail balances.
14. Preparing financial statements (BS, IS, OE & CF)
15. Prepare lists of foreign currency differences and the consequences of the profit or loss
16. Preparing the tax declarations.
17. Reviewing of all relevant government departments for the companies under audit
18. Preparing chart of accounts for various companies
1.Planning the audit and setting a timetable for the completion of the work required.
2.Determining a sample audit and examination of documents, taking into account the principle of relative importance.
3.Access to internal audit reports for companies if available, this procedure aim to compose good background about the company which under audit and examination.
4.Viewing the policies and procedures of the company which under audit and examination
5.Discuss variances of income statement, balance sheet and get convincing answers for reasons of variances.
6.Prepare financial statements ( Balance Sheet, income statement, owners equity, cash flow ).
7.Skill and professionalism in financial reporting.
8.Issue annual management report at 31 december for companies which under audit and examination.
9.Prepare the tax declarations
10.Prepare Chart of Accounts.
11.Complete any additional works related with work.
1.Planning the audit and setting a timetable for the completion of the work required.
2.Determining a sample audit and examination of documents, taking into account the principle of relative importance.
3.Access to internal audit reports for companies if available, this procedure aim to compose good background about the company which under audit and examination.
4.Viewing the policies and procedures of the company which under audit and examination
5.Discuss variances of income statement, balance sheet and get convincing answers for reasons of variances.
6.Prepare financial statements ( Balance Sheet, income statement, owners equity, cash flow ).
7.Skill and professionalism in financial reporting.
8.Issue annual management report at 31 december for companies which under audit and examination.
9.Prepare the tax declarations
10.Prepare Chart of Accounts.
11.Complete any additional works related with work.