Hammad Ahmad CIA CISA CFE MBA

Alkhorayef Group is a global investment company with investments across multiple sectors such as Petroleum, Lubricants, Commercial, Printing Solutions, manufacturing of leading industrial, agricultural, irrigation equipments and supplying parts of various equipment.

Key achievements to-date included;
- Developed DOA matrix for one of the Group Companies.
- Performed Annual Risk Assessment for the Group.
- Prepared presentations for Risk and Audit Committee (RAC).

Responsibilities:
- Delivering value-added work focusing Strategy and addressing associated risks.
- Planning and executing engagements as per annual audit plan and working on special requests/assignments from Senior Management.
- Supervising fieldwork of staff auditors and mentoring them while harnessing teamwork.
- Reviewing working papers, preparing and finalizing audit reports by using problem solving skills.
- Communication with different levels of management.

Zamil Group Holding Company is a global investment company with diverse interests and capabilities. Its range of products and services spans from air-conditioning manufacturing to plastics to steel fabrication and paints and cranes to heavy process equipment. It is also engaged in shipbuilding and repair, port operations and maintenance, petrochemicals and chemicals, industrial investment, and general construction.

Key achievements and roles performed in my current role include;

- Saved 100% cost (SR 1 million) by leading SOCPA GAAP to IFRS conversion at the group level. (24 entities/associates) working in 7 different sectors.
- Identified capital nature items misclassified in inventory amounting to SAR 40.53 million and ensured their correct classification from inventory to fixed assets.
- Enabled marine and offshore company to save SR 1.5 million annually from payroll.
- Assisted Head of Audit in preparation of quarterly and annual presentations for Risk and Audit Committee.
- Developed "costing procedure" and "project cost, risk and estimation checklist" for construction and contracting companies.
- Assisting in developing the audit universe and risk-based annual audit plan using ERM for 24 affiliates/associates of the group.
- Planned, executed, and supervised fieldwork of junior auditors, decided recommendations, reviewed, and finalized audit reports.
- Resolved disputes between external auditors and finance teams across the group and increased efficiency towards external audit completion.
- Improvement / Development of policies and procedures as part of "Corporate Governance"​ for critical functions.

- Carried out business development and other activities such as initial client meetings and Proposal Preparation.
- Managed KPMG’s Global client/engagement risk management activities - Sentinel Approval, Client/Engagement Acceptance & Continuance, Job Creation and Engagement Letters.
- Prepared and keeping track of budgets, resource plans, chargeability reports, WIP reports.
- Managed/Supervised varied audit and non-audit engagements by leading multiple large and medium size teams.
- Mentoring and Training associates and reviewing assigned tasks.
- Identified and assessed key business risks and performing / reviewing audit procedures w.r.t. KPMG Audit Methodologies
- Preparation and review of consolidated and individual financial statements including taxation.
- Internal Audit engagements i.e. P&P reviews, Financial close process, Risk management.
- CCG (Code of Corporate Governance) compliance reviews and reporting.
- Reporting to other Global KPMG Offices on different audit engagements as per group instructions.

For the second time, Hammad was deployed to KPMG Qatar in their busy audit season. Here he independently handled all the phases of audit and team assigned to him. He performed his duties diligently as audit in-charge reporting directly to Manager / Senior Manager. He was responsible for planning of audit to its completion.

He gained thorough knowledge of various corporate cultures in Qatar. He successfully completed varied audit engagements for various local and multinational corporates as per Qatar laws, IFRSs, U.S GAAPs and Auditing standards.

Main clients in Doha, Qatar included;

1. Mosanada UGL - Facilities Management Services
2. Business Trading Company (BTC) - Malls Management, Franchise and Trading
3. United Contracting Company - Construction
4. Doha Express - International Freight Forwarders (Al-Attiya Group)
5. Amwal LLC

Starting from junior auditor to Senior Associate level, Hammad successfully planned and concluded varied audit engagements and performed the following tasks;

- Statutory Audits and Review Engagements, consisting of analysis and review of financial statements, ensuring adequacy of reporting system, compliance with statutory requirements, International Financial Reporting Standards (IFRSs) and reviewing existing systems to identify any control weaknesses.

- Ensured compliance with local regulations i.e., company laws, income tax laws, code of corporate governance and stock exchange listing regulations.

- Performed audits according to eAudit of KPMG and foreign group reporting in accordance with the instructions of Group Auditors for KPMG Global Clients.

Sectors Audited:
Energy, Telecom, Construction, Financial Services, Production / FMCG, Cement, Glass and Shoe Manufacturing, Agriculture, Real Estate, Forgings.

Client List :

1. Nestle'​ Pakistan Limited - FMCG
2. PepsiCo (Pvt) Ltd (Funds Audit) - FMCG
3. Monsanto Pakistan Agritech (Pvt) Ltd. (Fortune 500 Company) - Seed Production & Trading
4. Wärtsilä (Pvt) Ltd - Power Solutions
5. Gujranwala Electric Power Company Ltd (GEPCO) - Power distribution
6. Frontier Works Organization (FWO) - Construction
7. Standard Chartered Bank Ltd Pakistan - Financial Sector / Bank
8. Army Welfare Trust (AWT) - Real Estate / Manufacturing
9. Kohat Cement Company limited (KCCL) - Cement Manufacturing
10. Tariq Glass Industries Ltd - Glass Manufacturing
11. Mannan Shahid Forgings Ltd of ABRAJ CAPITAL - UAE - Forgings
12. Punjab Pension Fund (PPF) - Investment Management

Special Assignments :

► Audit Certification of "Right utilization of Loan"​ and "Purchase of PPE"
► Financial Data Recovery and Restructuring Project (FDRRP)
► Forensic Audit
► Project Evaluation of Motorbikes and Recovery of Debts
► ICFR (Agreed upon procedures, GAP Analysis)

In recognition of his dedicated services, Hammad was deployed to KPMG Dubai office where he was responsible for planning, execution and reporting on various audit assignments while using resources and time in the most efficient manner with strict deadlines.

In this role, he was acting as Job in charge and reported directly to Manager / Senior Manager and gained thorough understanding of various corporate cultures in Dubai.

He successfully completed varied audit engagements for various local and multinational companies as per UAE laws, IFRSs and auditing standards.

- Understanding of the general banking operations
- Filing of different forms
- Customer facilitation