Auditing Advisor
Sadara Chemical Company
Total des années d'expérience :22 years, 10 Mois
I am currently engaged as Auditing Advisor with the Internal Audit Department of the Sadara Chemical Company, which is a joint venture between Saudi Aramco and the Dow Chemical USA.
Plan, organize, supervise and execute a number of audit assignments in accordance with accepted standards. The duties include, but is not limited to, the following:
- Determine the scope of audit, resources required for the proposed audit assignment.
- Identify and assess risks associated with the client organization.
- Identify and evaluate the risk responses and key controls to determine the nature of operations, the adequacy, efficiency and effectiveness of the system of internal controls to achieve established objectives.
- Determine the auditing procedures to be used, including statistical sampling and the use of automated audit tools and techniques.
- Evaluate efficiency and effectiveness of financial/ operational systems through the application of knowledge of business systems, strategic and systems thinking.
- Obtain, analyze, and appraise evidentiary data as a basis for an informed, objective opinion on the adequacy and effectiveness of the system and the efficiency of performance of the activities being reviewed.
- Direct, counsel and instruct the team members assigned to the audit.
- Foster team work, and review audit work for sufficiency of scope and accuracy.
- Negotiate, manage conflicts and apply problem-solving techniques to provide professional services to clients.
- Make oral or written presentations to management during and at the conclusion of the examination, discussing deficiencies and recommending corrective action to improve.
- Appraise adequacy of corrective actions taken to improve deficient conditions.
- Develop talents through coaching, mentoring and on-job-training of team members. Provide training to team auditors in the application of audit software tools.
- Conduct effective result oriented interviews to meet audit objectives.
- Evaluate the integrity and reliability of the information systems through the application of knowledge of information systems audit and control techniques.
Evaluate the adequacy, efficiency and effectiveness of the management controls over activities audited and prepares written reports expressing opinion on same and including recommendations to alleviate any deficiencies noted.
Plan and execute special reviews at the request of management.
Evaluate the performance and capabilities of the team members.
I was engaged with Zultec Group as a Group Internal Auditor,
Risk Management & Systems Improvement
• Review the strategic priorities and activities of the assigned region to assess and identify potential risks to the organization.
• Working with management to prioritize the risks and provides advice and guidelines to management and staff on development of risk
management frameworks at different levels, including during annual planning process.
• Deploy and monitor sensing processes to ensure that the policies and procedures already defined are in compliance by the staff and suggest
how to fill gaps, if there are any.
Audit Planning, Implementation & Reporting
• Prepare annual audit plan according to the risks identified.
• Carry out value adding and risk based audits in all Projects/ Units/ Functions.
• Carry out physical checks on projects to verify existence and status of outputs in relation to reports.
• Review financial records and other reports, systems and controls maintained in assigned offices/ branches.
• Follow up on responses from audited Functions/ Units/ Projects and reports to CEO and Directors on non-compliance.
• Liaise with External Auditors.
• Audit the company's financials and projects on adherence to requirements.
• Respond to audit requirements by Units/ Functions in good time.
• Undertake investigations on frauds and irregularities at management requests and as follow up on regular audit findings.
• Act as Secretary to the Directors and attend all management meetings.
Reporting
• Produce timely audit reports to auditees with recommendations aimed at strengthening the overall control environment.
• Provide quarterly audit summaries for Directors.
• Periodic reports on financial irregularities and audit findings to the CEO.
• Provide regular reports on risk management to Management and the Directors.
BANKISLAMI PAKISTAN LIMITED - UNIT HEAD COMPLIANCE May 2009 to January 2012
I had worked as a Unit Head in the Compliance Department of BankIslami Pakistan Limited, a joint venture of DCD Group, Dubai Bank and
Jahangir Siddiqui & Co. Ltd. The fastest growing bank, having nationwide network of 102 branches in 49 cities. My job responsibilities include:
• Participate and Coordinate with the Consultants for the Designing of Internal Control System in accordance with the SBP guidelines of Internal
Control over Financial Reporting (ICFR)
• Ensure the compliance with SOX-Based (AS 5, PCAOB and COSO) Internal Control guidelines, review the work done by consultants and their
respective implementation accordingly.
• Coordinate and review of Basel II implementation and Minimum Capital Requirement (MCR) reporting to SBP.
• Review of various returns submission to State Bank of Pakistan (SBP) with accuracy & timeliness and coordination for that with Finance,
Treasury and Credit Departments
• Appraisal and development of policies, procedures / SOPs and rules, and coordination with concerned departments for adherence.
• Review and produce when necessary the Bank's Compliance matrices, frameworks and plans
• Work with head of compliance to undertake a gap analysis in regard to compliance and anti-money laundering (AML) awareness and adherence of policies. Develop and maintain an appropriate AML and compliance program.
• Carry out timely and thorough transaction analysis and perform ad hoc investigations of suspicious transactions/ fraud detections as identified
internally, under the guidance of the head of compliance. Develop and maintain formal written procedures for reviewing transactions of suspicious activity.
• Provide and facilitate trainings on XM3 (AML Application) and AML compliance and conduct periodic communications on AML issues.
• Coordinate with the SBP auditors / inspection team.
I had worked as a Senior Accountant in one of the leading management company of the Bermuda. Reporting to the Managing Director, the scope of the work includes the following:
Development of the MIS, Budgeting, Business plan preparation, Cash flow forecasting, Cash flow management, Feasibility studies, Financial forecasting, financial review and analysis and Strategic planning.
Monitor and review the operational and financial reporting functions.
Independently plan, organize & manage timely preparation of monthly, quarterly & annual financial statements of all the clients.
Responsible for all payrolls and administrative matters, including the addition and deletion of employees from benefits (health insurance, social insurance and national pension), recording and tracking employee vacation and sick days.
Preparation and submission of payroll tax return in accordance with government regulations.
* (From July 2007 to September 2008, I was offering outsourcing services from Pakistan on part time basis)
* July 2007 to September 2008
February 2006 to October 2006
I had worked as a Senior Accountant in one of the leading management company of the Bermuda. Reporting to the Managing Director, the scope of the work includes the following:
• Development of the MIS, Budgeting, Business plan preparation, Cash flow forecasting, Cash flow management, Feasibility studies, Financial
forecasting, financial review and analysis and Strategic planning.
• Monitor and review the operational and financial reporting functions.
• Independently plan, organize & manage timely preparation of monthly, quarterly & annual financial statements of all the clients.
• Responsible for all payrolls and administrative matters, including the addition and deletion of employees from benefits (health insurance, social
insurance and national pension), recording and tracking employee vacation and sick days.
• Preparation and submission of payroll tax return in accordance with government regulations.
* (From July 2007 to September 2008, I was offering outsourcing services from Pakistan on part time basis)
Bilal Shahid, ACMA, CIA
Internal Audit Services
Key responsibilities were:
• Overall planning of audits, designing audit strategies after assessing the audit risk associated with the client.
• Review of audit work in light of technical standards, generally accepted accounting practices, accounting and auditing standards.
• Monitor the timely preparation of all deliverables to the client that include financial statements, management letters (highlighting control
weaknesses and recommendations), SWOT analysis and other deliverables.
• Review of accounting and internal control systems.
• Preparation of Internal Control Memorandum, to inform the management regarding the weakness observed in the Internal Control System.
• Preparation of internal audit report together with recommendation to seeking the objective of value addition and total quality management.
Major Internal Audit Assignments
Financial Sector Manufacturing Sector Services / NGO
BMA Capital Pakistan Synthetics Limited Marie Stopes Society
BMA Asset Management Limited Zulfiqar Ali Industries
Faysal Asset Management Limited Wazir Ali Industries
IGI Funds Limited
UBL Fund Managers
SINDH EDUCATION FOUNDATION - ASSISTANT MANAGER FINANCE June 2004 to January 2006
I had worked as Assistant Manager Finance. Brief job responsibilities were:
• Preparation and submission of periodic financial reports within strict deadlines.
• Preparation of budget and variance analysis.
• Preparation of Monthly, Quarterly, Semi Annually & Annual Projected Cash Flows.
• Reviewed bills, vouchers, and accounting entries for financial soundness and adherence to generally accepted accounting principles and policies and Authorize payments.
• Performed periodic evaluation of accounting policies and procedures of the Foundation to ensure accuracy and compliance.
• Managed and controls all bank accounts operated by the Foundation.
• Implemented Branch Accounting System for Sub Offices and participate in computerization of organization's accounting.
• Responsible for coordination with external auditors during the annual audit.
I had worked as a Senior Accountant / Consultant. Brief job responsibilities were:
Senior Accountant Consultant
• Preparation of periodic financial statements.
• Participate in various accounting, costing, budgeting and HR related projects.
• Filing of sales tax return & sales tax
• Development of Standard Costing systems and Analysis & Comparison of actual costing
reconciliation. with standard costing including product costing & product wise profitability analysis &
• Inventory & vendor management. Successful Implementation of Activity Base Costing)
• Preparation & submission of income tax returns • Consultancy and Advisory services on a variety of accounting and financial projects of employees.
• Preparation of Feasibility reports regarding Capital Expenditure Planning.
• Verification of all the vouchers for posting.
• Review of existing accounting systems, analyze business processes, and recommending
• Preparation of bank reconciliation statements. improvements in the processes and systems
• Develop and Implement management information system for the following business cycles and its integration with GL: - Fixed assets, Inventory management system.
- Payroll / Human resource management system
- Costing and budgeting system.
Certified Information System Auditor (CISA)
Passed CPA exams in Sept 2018
Certified Fraud Examiner
CIMA (Finalist) & Qualified Advanced Diploma in Management Accounting
Master of Economics University of Karachi 2005 • Secured 2nd Division
FCMA
Bachelor of Commerce University of Karachi 1999 • Secured 1st Division
