Sr. Executive (Interanl Audit)
Bestway Cement Limited (Pakistan)
مجموع سنوات الخبرة :21 years, 5 أشهر
• Responsible for evaluation of the internal control structure of the Company and its subsidiaries.
• Review and assurance of financial and operational information in the light of approved accounting pronouncements and financial reporting standards
• Testing of internal control system established to ensure compliance with company policies, corporate and associated laws, regulations and of Code of Corporate Governance adopted by the company.
• Assurance of timely submission of corporate returns, forms and information to Securities & Exchange Commission and other regulatory bodies
• Planning and execution of internal audit assignments according to annual audit plan and preparation of internal audit reports for consideration of higher management.
• Appraise of efficient and economical use of resources.
• Monitoring and evaluation of improvements made in the internal control system on recommendations of audit and reporting thereon to the management.
• Responsible for quarterly verification of raw and packing materials, work in process and cement at plants and reporting of differences.
• Develop or supervise assistant in planning the scope of audit and selection and development of appropriate audit procedures for manager approval
• Perform all field work in a competent and professional manner. Provide evidential support for all report recommendations.
• Prepare recommendations for auditee consideration; review and evaluate assistant’s recommendations, considering materiality, pertinence to audit and documentary evidence.
• Participation in enquiry committees to investigate any reported irregularity, misconduct or fraud and accomplishment of special assignment as advised by board/management
• Verification of stock and sales.
• Corroboration of customer and sales reconciliation.
• Authentication of payrolls and payments.
• Compliance of over all accounting information and procedures according to approved SOPs.
• Identification of weaknesses and recommendations for rectification of the same for continuous improvement.
• Planning, scheduling and execution of audit of nation wide distribution depots through surprise visits.
• Direct reporting to the chief executive about over all functioning of accounts, distribution and stores and allied departments.
• Review of statements of accounts, stock and cash prepared by depots.
• Preparation of financial statements for internal and external purposes.
• Management of over all accounting information and records.
• Managing payrolls of staff members at head office and plants.
• Verification of stocks, customers and vendors reconciliations.
• Corroboration of bank reconciliation statements.
• Computation of Sales Tax and submission of monthly Sales Tax Returns.
• Working of Income Tax and submission of quarterly certificates of tax withheld on payments.
• Monitoring of costs and administrative expenses according to estimates and budgets
• Preparation of working and giving assistance to Manager Finance in connection with lease, running finance and other financial matters.
• Planning and execution of audit assignments of clients
• Evaluation of control risk within clients’ accounting system
• Review of performance of statutory audit
• Analysis for the partners about findings and observation during audit
• Preparation of formal audit reports
• Compilation of financial statements meeting accounting standards and legal requirements.
• Assistance in development of accounting systems and internal control procedures.
Specialised degree for Accounting and Finance and Audit functions