Rana Hassam Javaid Rana Javaid Sarwar

Articles - Right now associated with Ali & Co, as a Senior consultant assuming responsibility as a team leader and a team member in internal Audit, external audit, Business Advisory Services (BAS) and management services.
During this period gathered extensive experience in audit, and business advisory services rendered to different national, public and private companies working ranging from Junior Audit Assistant to Audit In-charge managing various assignments and leading a team.
Gained experience in the areas of:
- Execution of external audit
- Execution of internal audits.
- Analysis and review of Financial Statements to ensure that they are prepared in accordance with International Financial Reporting Standards
- Financial analysis on company current financial health.
- Carrying out Agreed-Upon-Procedures assignments
- Prepare working papers for finding and record keeping purpose.
As a Senior Associate:
- Reviewed field work and managed junior team members on internal audits and other management assignment.
- Provided guidance and better understanding to whole team related to the engagement
- Worked on special purpose assignments including financial analysis, compliance testing and validating system processes and controls.
The role of an Internal Auditor of one of the largest terry towel exporters comprises of:
- Implementation of COSO framework
- Risk Assessment for internal audit and periodic inventory count
- Planning, conducting and reporting on cyclical internal audits to ensure that all controls are operating effectively
- Ensuring sufficient control exist in order to mitigate risk of fraud and error
- Maintaining and updating the Process Flows designed for each business processes (sales and receivables, purchases and payables, production process, inventory management, human resource management, treasury process, fixed assets and Budgeting and planning.