Group Chief Audit Officer
Elnefeidi Group Holding
Total years of experience :17 years, 3 Months
Group Chief Audit Officer - 2-Apr.-2017 to 31-Oct.-2023
Elnefeidi Group LTD: (Sudan - UAE - Cameroon) https://www.elnefeidi.com
Elnefeidi is a diversified international business group working across multiple industries in MENA, including Aviation, Manufacturing, Logistic, Real-estate, Electronics, Automotive, Agriculture, Poultry, Transportation, Food production and Software.
Key contributions:
Reporting to the Audit & Risk Committee of the BOD we achieved the following:
Led the development and alignment of the internal audit strategy with the group's business strategy.
Plan, review, and report on governance, risk management and controls measures.
Conduct comprehensive risk assessment of the group and its SBUs, update the risk register periodically and as needed.
Prepare the annual Risk Based Audit Plan (RBAP) and ensure efficient allocation of department resources.
Direct and lead the implementation of the RBAP, from the planning phase through reporting and follow-up, providing reasonable assurance to management and the board that the potential risks are properly identified, assessed, and effectively responded to, and that the mitigating procedures are sufficient, relevant, and working.
Ensure the IA and risk management function has sufficient human resources and staff members possess sufficient technical knowledge. Develop and implement effective training programs.
Develop and maintain productive client and staff relationships.
Respond effectively to management's request for specific and/or special audit projects
Group Internal Audit Team Leader 5-Jan.-2015 to 20-Mar.-2017
CTC Group (Sudan - UAE) http://www.ctcgroupltd.com/
CTC is a large group working across multiple industries including Retail- Real State- Manufacturing- Agriculture Production- Agrochemicals- PVC- Automotive- Engineering- Telecom- Electronics - Hospitality.
I led a significant overhaul of the internal audit function within the group, restructuring the audit methodology to focus on risk-based auditing. This initiative positioned internal audit as a strategic business partner, working collaboratively towards fulfilling CTC's goals. Our efforts effectively realigned the internal audit's focus with the group's strategy, successfully meeting the mission of the Internal Audit function.
Key contributions:
Led a transformation of the internal audit function to a risk-based approach, aligning with CTC Group's strategy.
Formulated and disseminated the internal audit charter.
Developed and directed the implementation of the audit strategy, aligned with the group's goals.
Prepared the annual Risk-Based Audit Plan, ensuring effective allocation of resources.
Participated in hiring process, led training and development strategy of IA team,
Led the audit team in reviewing and evaluating controls, risks, and compliance of group operations.
Established and maintained productive client and staff relationships.
Communicated engagement results with appropriate management.
Responded effectively to management's request for specific and/or special audit projects
Part time Instructor
Al Oula Institute for Accounting & Financial Studies _ www.aloulafa.com
Key contribution:
Provided lectures and exam preparation courses to CMA, CIA and CCSA candidates.
Provided other professional courses related to risk management and control upon request.
Internal Audit Manager 18\Nov.\2007-to 17 \Dec.\2013
White Nile Sugar Co. WNSC (Sudan) https://www.wnsc.sd
I commenced my journey within the newly established Internal Audit function under the guidance of the Chief Audit Executive. Initially responsible for financial, operational, and compliance audits, I later assumed the leadership role for the finance and administration audit section. Within this role, I formulated the Risk-Based Audit plan, managed budgets, and oversaw the recruitment and training of audit personnel. I consistently refined audit processes, systems, and tools to align with industry best practices and Internal Audit Standards. Throughout this tenure, I fostered robust relationships with audit stakeholders, forging effective partnerships. In addition to providing assurance, I actively contributed to various consulting activities, including committee participation, investigations, systems development, and ERP system implementation, among others.
Key contributions:
Directed and implemented audit strategy for the finance & administration audit section, aligned with the corporate internal audit strategy and WNSC Mission.
Established and maintained the Risk-Based Audit Plan, ensuring effective resource allocation.
On an annual basis, developed comprehensive, practical program of engagements coverage for the section.
Provided oversight of the operational, financial, and other audit activities in the finance and administration audit section and prepared the section`s budget.
Participated effectively in the hiring process and training of audit team.
Led the planning process for each engagement, from risk assessment to audit program approval.
Led the communication of audit engagements` results with appropriate management.
Maintained effective and practical follow up strategy for audit assignments.
Coordinated activities with the company`s external auditor
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