Senior Internal Auditor
Al Bayader International LLC
Total years of experience :13 years, 1 Months
• Ensures that the company complies with internal regulations and established control protocol.
• Develop a risk-based test plan by selecting appropriate audit approach, test procedures and sampling criteria based on professional judgment and departmentally defined internal audit methodology.
• Developed & Maintained up to date and comprehensive Audit Programs to guide the performance of reviews.
• Plan, organize and execute audits that support organizational goals and objectives.
• Prepare and issue audit reports that document audit scope, procedures, findings, and recommendations.
• Follow up with client management for corrective action on significant deficiencies, findings and made recommendations to business unit management.
• Schedule Exit Meetings with managements regarding the risks/ Audit issues under business units and assist in developing risk management objectives and audit programs to evaluate these risks.
• Reports the status of the audit and other pertinent accounting and auditing issues to Team Manager / superiors and client management.
• Prepares and reviews drafts of financial statements.
• Performs audit procedures such as understanding and walkthrough of the significant accounting processes, testing of controls, and substantive procedures.
• Assists in the assessment and evaluation of the companies’ internal control and accounting systems.
• Conducts ad-hoc projects and other fraud investigations (Forensic Audit) when required by management.
• Assist, supervise annual / biannual physical inventory counts conducted for internal purposes or yearend by external auditors
• Supporting Accounts and Operations team in VAT compliance matters and giving tax advisory services within the group.
•Executing a risk-based internal audit plan, perform internal audit work in compliance with internal audit policies.
•Determine, in consultation with the Group Audit Manager, the audit scope and areas to be reviewed to focus effort on themost significant areas.
•Identify all significant control weaknesses, non-compliance and appropriately document and communicate these weaknesses to the auditees via Internal Audit reports.
•Assess and recommend improvements to audit processes and systems to help achieve compliance / better industrypractices.
•Regularly interact and communicate with management subject to audits to discuss and present audit results, gain acceptance and provide advice to remediation on audit issues.
•Prepare and present reports that reflect audit’s results and document process.
•Act as an objective source of independent advice to ensure validity, legality and goal achievement.
•Identify loopholes and recommend risk aversion measures and cost savings.
•Conduct follow up audits to monitor management’s interventions.
•Review the Annually / quarterly financial statements to ensure the accuracy of financial according to internationalaccounting standards.
•Involved in implementation of VAT Module, Performed VAT Return Review to ensure the compliance with applicable UAEVAT Regulation.
•Perform special assignments given by the management for operations and financials, under the different techniques of theaudit.
• Preparation of Audit Plan according to Audit Manual and conducting internal audit of various divisions/Process of the group. Leading internal Audit Teams for various assignments.
• Scheduling and assigning audits to team members, ensuring effective and efficient use of resources.
• Supervising the junior staff and assigning and monitoring the tasks assigned to them according to the plan.
• Verifying sufficient organizational controls are in place and are maintained to ensure that the significant aspects are managed to prevent adverse impacts.
• Analyzing the responsibilities and authorities of the hierarchy of operational management.
• Overall Review of Internal Controls in subjected targets and searching the improvements that can reduce the risk.
• To make recommendations on the systems and procedures being reviewed, confidential reporting on the findings and recommendations in a custom format and monitor management's response and implementation.
• Conducting Post implementation review and reporting to the GCEO.
• Analysis the risk of stock differences, negative stock, slow moving items, excess stock, dead stock, damaged stock and discussion with Purchase Department regarding these matters.
Internal Audit
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