فهد Awaidah, CPA, CGMA

evaluates the bank's internal controls, processes, policies and mechanisms to ensure that they are adequate, effective and in compliance with regulatory principles, industry standards and corporate guidelines. An audit specialist follows generally accepted auditing standards (GAAS) in testing or reviewing a company's, or a department's, controls. A control is a set of instructions that senior management sets up to avoid operational losses due to theft, error or technology breakdowns. A control is adequate if it explains in detail procedures to perform tasks, assign duties, report problems and perform evaluations. An effective control remedies control breakdowns appropriately

Responsible for audit planning (including understanding the client’s business and assessing and/or testing controls), performing substantive audit field work, supervising and reviewing the work of audit assistants, preparing financial statements, coordinating with the client regarding audit issues and financial statement disclosures, coordinating with joint auditors, researching applicable provisions in the International Financial Reporting Standards (IFRS), etc.

The responsibilities I had in Grant Thornton are the same as described previously (in the E&Y work experience description). In addition, I was a member of the team In-Charge of the audit of Noor Financial Investment Co., which is the investment arm and subsidiary of National Industries Group (NIG), one of the largest conglomerates in Kuwait. I also undertook miscellaneous assignments, including assisting in the preparation of valuation reports, internal audit assignments (HR function) and agreed upon procedures assignments.