Fayyaz Amin Malik, Partner Audit and Assurance

Fayyaz Amin Malik

Partner Audit and Assurance

Khilji Rahat Waheed

Location
Pakistan
Education
Doctorate, Financial Reporting, Financial Accounting, Corporate Laws, Strategic Management
Experience
18 years, 9 Months

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Work Experience

Total years of experience :18 years, 9 Months

Partner Audit and Assurance at Khilji Rahat Waheed
  • Pakistan - Islamabad
  • My current job since December 2022

Currently working as Audit and Assurance lead at one of the fast-growing Chartered Accountant firm in Pakistan. The engagements include audits, financial valuations, selected opinions, financial reviews, and other varied assignments.

Chief Internal Auditor at Pakistan Mineral Development Corporation (Pvt.) Limited
  • Pakistan - Islamabad
  • December 2022 to January 2024

Fayyaz has worked as head of internal audit department. He reported to Board of directors through audit committee on operational and financial audit subjects. He was actively involved in internal control development and risk assessment reviews. He developed new internal audit manual and obtained approval of the board for manual and internal audit plans. Fayyaz also served as secretary to Audit Committee. Fayyaz was nominated as member of manual development committee to review and prepare new policy and procedural manuals for PMDC. Fayyaz assisted management in identification and development of new business plan. The business development team coordinated with internal audit department for relevant factors and key assumptions to be used in new business plan.

Senior Manager Audit and Assurance/ Senior Manager Risk Advisory at Deloitte
  • Pakistan - Islamabad
  • September 2013 to September 2019

Fayyaz is a Senior Manager Audit and Assurance in Deloitte Pakistan and has more than 11 years of national experience in versatile industries. The main sectors include telecommunication and technology, financial services and banking, and oil & gas and energy. His areas of expertise include controls assurance review, internal controls and risk assessment reviews, IT General Control reviews and fraud risk assessment related to internal /external auditing.

He is well versed with the International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISAs). He has also participated in the training/ workshop conducted by various international donors on “Public Financial Management Risk assessment framework”. Fayyaz also attended international training and workshops in Malaysia and Thailand.

Fayyaz is supervising audit engagements in telecommunication, Oil and Gas and development sector. Besides audit services, Fayyaz is actively involved in providing Entity Risk Services (ERS) to various clients.

He conducted several assignments in Pakistan with International Donors, Provincial Governments and Federal Government. Fayyaz also supervised a donor funded programme in 15 districts of Khyber Pakhtunkhwa. His work with Federal and Provincial Governments focused in education, health and construction sectors.

Sr Manager Finance and Accounts at National Logistics Cell
  • Pakistan - Rawalpindi
  • June 2009 to March 2013

1. Senior Manager Finance- Investments \n \nInvestment analysis of Joint Venture ( within and outside Pakistan), equities and Land. Handling of Tax matters of investee companies \n \n2. Senior Manager Finance- Financial Reporting and Budgeting \n \nPreparation and review of Financial Reports-quarterly, monthly and yearly. Coordination with internal and external auditors. Preparation and delivery of annual presentations to Ministry of Finance for the approval of Annual Accounts and Budget \n \n3. Oracle Financial Implementation Team Member

Sr Manager Finace (CMC &Budget) at PTCL
  • Pakistan - Islamabad
  • March 2008 to June 2009

Posted as Senior Manager CMC on February 17, 2009 to establish and manage the Credit Management Centers in five Telecommunication Regions ITR, RTR, NTR-1, NTRII and HTR. The main function of this new department is to pursue and recover the amounts from Doubtful debtors. \n \nWorked as Manager Budget Control Business Zone North in PTCL. My job responsibilities were preparation of Budget for Business Zone North, variance Analysis, analysis of Monthly Expenditure Report of different regions, Review of WLL Reconciliations of different regions \n \nAlso worked on FICO Module of SAP

Sr Accountant at OGDCL
  • Pakistan - Islamabad
  • December 2006 to March 2008

Worked as Senior Accountant Finance in Finance Department of Oil and Gas Development Company. Limited. My job responsibilities were coordination with external and internal auditors, reporting and analytical requirement of Revenue and Receivables. I worked on receivables, payables, budget inquiry module and management information system modules of Oracle Financials

Assistant Manager Finance at National Database and Registration Authority(NADRA)
  • Pakistan - Islamabad
  • November 2005 to December 2006

Assurance and reonciliation of revenue of Billing Machines, National Identity card for oversease pakistanies and other projects

Audit Senior at Khalid Majid Rehman Sarfaraz Rahim Iqbal Rafiq, Chartered Accountants
  • Pakistan
  • July 2001 to March 2005

Worked as supervisor and Job in charge of consultancy assignments and audits of diversified companies in Khalid Majid Rehman, Chartered Accountants. I have vast and dynamic experience in the field of financial reporting and management accounting. I have also been involved in consultancy assignments. The following list represents my experience in the field of management consultancy and financial reporting.

• Review of Audit Jobs
During my articles I was deputed on audit jobs of oil exploration, manufacturing and non profit organizations. My job responsibilities were preparation, management and review of analysis and reporting requirements. The list of clients is as follows

1. OGDCL
2. PGCL
3. Sabro (pvt) Limited
4. United Nations Club
5. Community Uplift Program

• Supervision of Consultancy Assignments

I was deputed as Job in charge of 100 % stock take assignment of OGDCL and PGCL covering 48 locations all over Pakistan. The responsibilities on the job were supervision of physical stock taking, reconciliation of financial record with stock card balances and physical balances, preparation and submission of final stock lists and final reports.

Education

Doctorate, Financial Reporting, Financial Accounting, Corporate Laws, Strategic Management
  • at Institute of Chartered Accountants of Pakistan
  • July 2008

Fellow Chartered Accountant (FCA)

Doctorate, Financial Management, Financial Accounting, Management Accounting, Financail Reporting
  • at Institute of Cost and Management Accountants of Pkistan
  • January 2002

Fellow Cost and Management Accountant FCMA F-1278

Bachelor's degree, Financial Accounting, Cost Accounting, Taxation
  • at Punjab University
  • July 1997

Bachelors of Commerce (B.Com) 1997 The University of Punjab

Specialties & Skills

Risk Advisory
Budget Analysis
Financial Reporting
Oracle General Ledger
Investment Advisory
Ms Office
Oracle finanacials
Peachtree Accounting
Presentation
Tax Representative
Financial Reporting
Auditing

Languages

English
Expert
Urdu
Expert
Arabic
Beginner

Memberships

Institute of Cost and Management Accountants of Pakistan
  • Fellow Member
  • October 2004
Institute of Chartered Accountants of Pakistan
  • Fellow Member
  • August 2008

Training and Certifications

SAP FICO Module (Training)
Training Institute:
PTCL
Date Attended:
November 2008
Oracle GL, AP and AR Training (Training)
Training Institute:
OGDCL
Date Attended:
March 2007

Hobbies

  • Forumla 1