Head of Internal Audit
Atlas Honda Limited
مجموع سنوات الخبرة :16 years, 7 أشهر
Following are the core functions that I have performed as a Head of Internal Audit:
Developed audit programme through targeting key risk areas based on COSO Framework to review systems and controls. The audit programme enabled me to plan financial, regulatory, compliance and operational review/audits appropriately. Planning also enabled me to understand the business model of the entity more precisely.
Where ever appropriate, use of test of controls and interviewing techniques were adopted to evaluate gaps in the existing controls and identified best practices adopted by the industry and globally to minimise control inefficiencies and control deviation.
Based on identified weaknesses in various regions where the Company operated its business, discussed constructively with the management to ensure appropriate solutions to issues. The facts were then reported to the Board Audit Committee in the Board meetings. Report included the findings and causes which led to the control deviation together with recommendation to resolve the issues involved and management responses.
Performed continuous follow-ups in order to ensure proper mitigating actions are adopted by the management to limit the control deviations within agreed time scales. Ad hoc investigations and reviews were also performed at the request of the Audit Committees.
On request of the external auditors, co-sourcing arrangements were also made for timely completion of external audit.
Following were the core functions that I have performed as Manager Accounts & Finance:
My responsibility was to lead the General Ledger Department. As part of the monthly closing function I had performed comparison of actual income/expense with budget and also with prior month to analyse flow of actual income and expense. The variances were highlighted with reasons and reported to the CFO. During the comparison incorrect accounting entries, unrecorded transactions and entries into incorrect account codes were also identified which were then rectified before month closing. I was also entrusted with the duty to coordinate with all regions and head office regarding their posting and period closing in SAP FICO Module.
I was also responsible to prepare monthly, quarterly and annual accounts based on IFRS and corporate regulations. Successfully developed corporate report that includes Annual Financial Statements and Corporate Social Responsibility report and was awarded three consecutive times for the best corporate report award by ICAP and ICMAP.
Performed liaising with various departments within the company to prepare budget documentation through obtaining data that would be crucial for preparation of budgeted financial statements. Prepared budgeted financial statements for 4 consecutive terms. The document was then sent to top management of the company/group for approval.
I also coordinated with all regions within Pakistan and the Japan office regarding financial reporting matters. Prepared Board meeting and General Executive Committee meeting working papers on quarterly basis highlighting business performance and reasons for variation identified in the profit & loss and balance sheet.
I was also delegated with the responsibility to look after the capital expenditures and ensuring proper record of fixed assets through asset register maintained in SAP. Any requisition for capital expenditure was judged based on the immediate requirement and budget allocated.
During the external and internal audit, it was my responsibility to liaison with both external and internal auditors.
Worked as Senior Audit Associate in Assurance and Business Advisory Services Department (ABAS) and gained diversified professional experience as an auditor on various assignments including statutory and non-statutory external audits, review assignments & related services in different sectors. Major responsibilities associated therewith included:
- Auditing financial statements of organizations in accordance with the requirements of International Standards on Auditing (ISA);
- Effective planning of assignments to meet stringent deadlines, including supervision and motivation of team members;
- Acting as a “Knowledge Broker” to the team for resolution of complex issues requiring special consideration;
- Liaising with, and developing good working relationships with clients to deliver engagement expectations;
- Coordinating with professionals in various fields like legal, actuarial, taxation and IT experts;
- Evaluating internal controls, identifying control deficiencies and making appropriate recommendations to the management.
Affiliation with A. F. Ferguson & Co., Chartered Accountants, has fostered my Leadership, Team, Pressure and Client relationship management.
The most significant corporate clients that have contributed to my professional growth include:
Shipping, logistics & Clearing Agents :
• Pakistan National Shipping Corporation;
• CMA CGM Pakistan (Private) Limited; &
• SDV Pakistan (Private) Limited.
Pharmaceutical and Hospital :
• Aga Khan Hospital and Medical College Fund;
• Barrett Hodgson Pakistan (Private) Limited;
• Large pharmaceutical conglomerate.- forensic review assignment; &
• Pharmatec Pakistan (Private) Limited.
Textile :
• Al-Abid Silk Mills Limited; &
• International Textile Limited.
Airlines and Aviation :
• Pakistan International Airlines Corporation Limited.
Packaging :
• Tri-pack Films Limited.
Financial Institutions :
• Pak Kuwait Takaful Company Limited.
Print and Electronic Media :
• Jang Group of Companies.
Steel Manufacturing :
• Tuwairqi Steel Mills Limited.
University :
• Aga Khan University.
Permanent Establishment :
• Kodak Pakistan.
Retirement Benefit Plan :
• Tri-pack Films Limited.
I am a qualified Chartered Accountant
I am a qualified Associate Public Finance Accountant