Assistant Manager - Internal Audit Department
K-Electric Limited
Total years of experience :19 years, 6 Months
Currently I am working with K-Electric Limited (Formerly Karachi Electric Supply Company Ltd) in the capacity of Assistant Manager Internal Audit, conducting various types of audits and reviews in accordance with accepted professional standards to determine the adequacy and efficiency of internal controls, and ensuring adherence to company's policies, procedures, applicable laws and regulations. My responsibility covers the following areas:
- Developing a strategy for the efficient and effective completion of engagements / assignments.
- Involved in the planning, execution and completion stage of the audit (as per the requirements of IIA Standards) to ensure the quality of work performed by Audit team and the adequacy of test performed, documentation of conclusions.
- Assessing the overall control environment with the purpose of detecting significant loss potential or fraud.
- Analysis of financial and operational information / statistics related to business operations to identify risky areas and deviations.
- Examining electronic data and records from SAP Financials and SAP-ISU and performing verifications through the use of Audit Command Language (ACL).
- Reviewing business processes, and systems in order to evaluate their quality, cost benefit, relative value and integration.
- Developing viable recommendations to enhance processes and systems in order to improve their quality.
- Preparation and finalization of first draft audit report.
- Perform special assignments, investigations and enquiries.
- Preparing presentations for the quarterly Board Audit committee meetings.
The experience at Deloitte (Assurance and Financial Advisory Services Departments) has enabled me to develop a comprehensive understanding of the key business processes, accounting and internal control systems and regulatory environment of diversified industries. I was involved in providing assurance services to various clients operating in the fields of Textile, Bank, Financial Institutions, Pharmaceutical, Manufacturing and Services.
Experience in Deloitte (Statutory audits):
- Analyzing, discussing and culminating various accounting and other issues identified during audits and other assignments through consultations with engagement manager, partner and management of the client;
- Conducting detailed Financial Statement Analysis to devise the risk based strategies;
- Development of effective and efficient audit plans based on the understanding of client’s significant business processes, keeping in view the risk assessment process;
- Performing verification and detailed workings for high risk and complex accounting areas and providing advisory services to client for compliance with International Financial Reporting Standards (IFRS), corporate and taxation laws;
- Evaluation of business processes and preparation of Management Letters to identify significant weaknesses in the client’s internal control system and recommending improvements therein;
- To consult and co-ordinate with experts/other professionals such as information technology experts, lawyers’, actuaries and independent valuers in respect of critical matters to be reported;
Statutory Audits and Assignment:
Allied Bank Ltd
First Credit and Investment Bank Ltd
JS Investments Ltd
Arif Habib Investments Management Ltd
First Pak Modaraba
Abbott Laboratories Pakistan Ltd
Bristol-Myers Squibb Pakistan (Pvt) Ltd
Indus Dyeing & Manufacturing Ltd
Quality Textile Mills Ltd
Special Assignments:
Interflow Group (Due Diligence Review)
PICIC Group (Due Diligence Review)
Nakshbandi Industries Ltd
House Building Finance Corporation
Johnson & Johnson Pakistan (Pvt) Ltd
Experience in Internal Audit:
Developing detailed audit plans covering all the operational and financial activities, risk assessment, review of entity controls under the COSO framework, review of audit activities in progress, review of policies & procedures and reporting to the management and audit committee.
Internal Audit clients:
Pak Arab Refinery
Zulfiqar Industries Ltd
UBL Fund Managers
University of Karachi Bachelor of Commerce 2004
