Senior Associate
ERNST & YOUNG (DUBAI OFFICE)
Total years of experience :12 years, 4 Months
Currently associated with Ernst and Young Dubai in capacity of seconded employee, assuming responsibility as a team leader, rendering following services:
•Carrying out audit planning and evaluation of control activities of the periodic financial statements and management reports in accordance with the International Standards on Auditing (ISA)
•Ensuing compliance with UAE local laws
•Preparation of financial statements in accordance with international financial reporting standards and other reporting frameworks.
•Performance of review of financial statements involving performance of analytical reviews, vertical and horizontal analysis along with trend analysis at greater disaggregated level.
•Performance of test of details on complete areas of financial statements of listed and unlisted entities
My responsibilities as Assistant manager at Ernst and Young include:
- Assisting clients in preparation of financial statements including relevant disclosures in accordance with the applicable financial reporting framework including compliance with International Financial Reporting Standards (IFRS), local corporate laws and directives of regulatory authorities;
- Handling a good portfolio of clients ranging from listed clients to small not for profit organizations;
- Developing flexible audit plan using appropriate risk-based methodology, including any risks or control concerns identified at controls evaluation stage.
- Managing teams through planning, execution and completion stages of audit;
- Coordination with team to define the extent of audit procedures and to update on the progress of the engagements;
- Supervision, review and finalization of assurance engagements and special assignments;
- Liaison with client's management and communication of relevant matters to persons at appropriate level of responsibility;
- Consultation on significant matters with various professionals such as lawyers, tax advisors, actuaries and IT experts;
- Attending meetings with client and higher management during the course of audit.
- Ensuring that all the audit working papers are prepared according to the quality control standards provided by Institute of Chartered Accountants of Pakistan.
- Performance of half year review of financial statements of listed and unlisted entities involving performance of analytical reviews, vertical and horizontal analysis along with trend analysis at greater disaggregated level.
Remained associated with Ernst and Young Pakistan assuming responsibility as a team leader and rendering following services to various clients across various industries:
Audit and Assurance Services
- Preparation of financial statements in accordance with the reporting framework comprising of International Financial Reporting Standards (IFRS), International Auditing Standards (ISAs) and applicable local laws.
- Performance of half year review of financial statements of listed and unlisted entities involving performance of analytical reviews, vertical and horizontal analysis along with trend analysis at greater disaggregated level.
- Interpreting various legal provisions and amendments to legislation brought about from time to time and keeping the clients abreast with the implications of such changes to statute.
- Evaluation and test of Internal Control System to identify deficiencies in the system.
- Preparation of management letter including control deficiencies identified between planning to conclusion phase.
- Preparing system flow documents relating to significant class of transactions.
Remained associated with Ernst and Young Bahrain assuming responsibility as a team leader, rendering following services in Oil and Gas sector:
Occidental petroleum Corporation USA (OXY) and The Bahrain Petroleum Company (BAPCO)
Scope of engagement: OXY entered into an agreement with BAPCO to explore on shore Deep Gas in Bahrain. Scope of engagement was to apply procedures as agreed with The Bahrain Petroleum Company (BAPCO) on monthly petroleum cost statements submitted by OXY to BAPCO. Procedures involved:
•Checking arithmetical accuracy of all the petroleum cost statements (the statements)
•Checking that statements are prepared in accordance with agreed accounting guidelines and procedures
•Checking that specifically excluded costs are not included in the statements
•Checking that only expenses specifically incurred for the Bahrain project are charged to the project
•Ensuring administrative overheads are charged as per the agreement
•Ensuring that amounts are incurred in line with budget timelines
•Ensuring all the operational contracts entered into by OXY are prior approved by BAPCO
•Ensuring all expenses at different slabs is approved as per authority matrices.
•Preparing report for submission to BAPCO
•Conducting meetings with human resource director and finance lead of OXY to perform aforesaid actions and finalization of reports
Chartered Accountant - Qualification
Diploma in Commerce
Matriculation