Internal Audit Director
confidential
Total years of experience :23 years, 10 Months
The primary objectives of work as Internal Audit Director are to promote effective internal control at a reasonable cost and to assist the Board, Management and employees in the effective discharge of their responsibilities by providing analysis, appraisals, recommendations, counsel and information concerning the adequacy and effectiveness of the Group’s internal control structure.
Responsible for performing independent appraisal function to the group; evaluating activities and internal control structure.
I managed to implement an up-to-date audit methodology over the Company, managed the transition of internal auditing philosophy among audit staff and other departments.
Reporting to the Board of Directors periodic and (once requested for) audit reports which include current practice being tested, highlights of weaknesses and risks cited, and recommendations for strengthening the practice alongside business consultation according the International best practice.
Undertaking Fraud investigations and similar special tasks.
I succeeded in Establishing an Internal Audit Department that is required to be founded in accordance to the International Standards for the Professional Practice of Internal Auditing Issued by the Institute of Internal Auditors “IIA”.
As head of Internal Audit, I was able to implement an active department that is derived by the strategic views set by Those Charged With Governance (stakeholders) and based on the Risk Assessment procedure that are prepared and updated periodically in order to assure that all objectives are met through operation with disciplined approach to evaluate and improve the effectiveness of risk management, internal control, and governance processes.
I have managed to prepare and implement an Internal Audit Charter (Manual) which sets out the purpose, authority, and responsibility of the internal audit function as I managed to establish as well.
I was also part of establishing the Risk Management Unit in Department, and founded the Risk Management Policy.
Other duties involved in summary as listed below:
- Enhanced flow of business process in a way that implemented stronger control environment.
- Set investigation and issue reports on special purposed investigations as ordered by the management.
- Helped in engineering the organization of the Information System and Technology in a manner that helped in controlling and monitoring all technical processes.
External Audit
Handling the roles and responsibilities of Audit Manager for Assurance and Business Advisory Services. Delivering audit and financial consulting services to large and medium sized clients. Responsibility includes also leading performance, supervise the compliance of audit engagements; provide coaching to the organizations’ management and staff.
Position involves a wide cross-section of business sectors, including healthcare, banking and financial institutions, manufacturing and trading entities, tourism & leisure, telecommunications, media, and retail.
I have contributed with the firm's role in Learning & Education as I managed to conduct several training courses for employees and staff among all levels of new joiners, seniors and assistant managers.
I have also conducted in-house/ self-prepared courses regarding necessary audit requirements (e.g. audit documentation).
Responsibilities also include assessing and Demonstrate risk management including policies and procedures, as well as ensure work is performed in accordance with International Quality Standards.
Other tasks included (but not limited to) the development of staff performance in order to deliver required standard quality, seeking for increase of profitability, follow up on updates of IFRS, IAS and ISA.
Internal Audit
At the beginning of year 2010, I started the foundation of a new line of service in the Assurance of the internal audit services as an Internal Audit manager aside to my role as external audit manager. I managed to acquire the appropriate capabilities including proper training to internal audit methodologies and approach. It was the first milestone to the profession of internal auditing.
I managed to win engagements for internal audit services -
outsourcing with medium and large size entities with satisfying results received from clients.
High level of management to audit engagements and supervising staff.
Assigned to new financial industries including Banking sector, Insurance companies and Governmental institutions.
As an Audit Supervisor, my work involved leading the audit team, performing supervising and highlighting issues and related major events and summarizes them to directors and partners with proposed solutions. Moreover, work involved tasks aggregated to audit senior as described below within the duties and responsibilities of audit senior.
Identifies and evaluates the entity’s risk areas and provides key input to the development of Audit Plan.
Performs audit procedures, including identifying and defining issues, developing criteria, reviewing and analyzing evidence, and documenting client processes and procedures.
Conducts interviews, reviews documents, develops and administers surveys, compose summary memos, and prepares working papers.
Identifies, develops, and documents audit issues and recommendations using independent judgment concerning areas being reviewed.
Communicates or assists in communicating the results of audit and consulting projects via written reports and oral presentations to management and Board of Directors.
Develops and maintains productive client and staff relationships through individual contacts and group meetings.
Identify efficiency for meeting deadlines, including setting forth plans for best utilization of time.
Pursues professional development opportunities, including external and internal training and professional association memberships, and shares information gained with co-workers.
Provides or assists in providing training, coaching and guidance to audit staff in conducting audits and other audit-related issues.
Worked in the accounting department, as I gained experience and developed skills in bookkeeping, preparing and posting journal entries, preparing monthly bank statements, maintaining accounts in General Ledger and sub-ledgers, preparing supporting reports and documents on spread sheets (e.g. fixed assets register, daily sales report, daily cash register, etc.)
