AUDIT MANAGER
Alghanim Industries
Total years of experience :15 years, 10 Months
Alghanim Industries is one of the largest, privately-owned companies in the Gulf region with operations in 40 countries and a multi-billion-dollar conglomerate with more than 30 businesses.
·Conduct risk assessments, update risk registers and the audit universe for Alghanim Industries Group. Develop annual risk-based audit plan, including the business-wise audit cost allocation ratios as part of yearly financial budget.
·Prepare resource plan and allocate staf to assignments.
·Oversee the audit team's execution of audit engagements in accordance with departmental procedures, including stakeholder communication, audit testing program review, work paper approval, and findings inclusion in draft audit reports.
·Lead discussions with the business stakeholders to obtain management actions and finalize audit reports.
·Prepare high quality final audit reports and executive summaries for the department head's review before final publication.
·Monitor and approve the implementation of audit recommendations.
·Provide coaching and mentorship to a team of four direct reports, ofering timely feedback and conducting annual performance appraisals.
·Prepare presentations and monthly operational reports for submission to the Owner and Executive Management.
·Support special investigations, including those related to theft or suspected fraud.
·Realigned the IA departments' policies, procedures, and the Audit charter in accordance with IIA's auditing standards.
·Spearheaded the introduction of improved audit process for better eficiencies in the department, such as standard audit templates, SAP data extraction guidelines, retail, and food & beverage store checklist.
·Developed a framework and supporting documentation for the External Quality Assessors to demonstrate compliance with the IIA auditing standards in terms of department's current processes, practices and positioning within the AI Group.
·Supported the team in developing dashboard in data analytical tool (Tableau).
Conducted external audits and agreed upon procedures for India's listed and multinational companies covering multiple sectors such as Information Technology, Manufacturing, Auto ancillary, Pharmaceutical and Textiles sector. Some key clients included Zensar Technologies Limited, JCB India Limited, Hyundai Construction Equipment India Private Limited, Tata AutoComp Systems, Suzlon Energy and Century Enka Limited.
·Key responsibilities included audit planning, performing substantive audit and financial analytical procedures, ensuring compliance with accounting principles and applicable governing regulations, preparation of audit report, management letter and summary of unadjusted diferences.
·Advised client in technical accounting matters - consolidation, amalgamation, ESOPs, goodwill, and buyback of securities.
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