Head Of Internal Audit
Berain Water Company
Total des années d'expérience :19 years, 10 Mois
Develop annually a risk-based internal audit plan for Audit Committee review and approval. Oversee the implementation of the approved plan, ensure proper resourcing for implementation of the plan, and adjust the plan as needed in response to changes in business risks, operations, programs, systems, and controls. Keep senior management and Audit Committee apprised of any changes needed to the internal audit plan.
● Ensure methodical documentation of work plans, testing results, conclusions and recommendations. Ensure follow up on findings and corrective actions. ● Provide technical assistance with investigations, special audits, and provide subject-matter expertise as needed.
● Remain current on audit and regulatory oversight trends and develop a risk-based approach incorporated into the annual audit plan.
● Perform organization-wide risk assessments to identify significant risks or exposure related to internal controls or compliance with policies and procedures, laws and regulations, sponsored contract and USG regulatory requirements, efficiency of operations, and accuracy of programmatic and financial reporting. Provide feedback and recommendations on business risks and improving operational efficiencies and processes where appropriate.
● Direct the work of external auditors on select audits, as directed by the Audit Committee and senior management, to ensure the audit work remains within the prescribed guidelines.
● Coordinate and assist with the preparation of Audit Committee materials. Participate in quarterly or more frequent Audit Committee meetings.
● Investigate and report to the Audit Committee on activity reported through Hotline/Whistleblower processes and assist in investigations.
● Recommend organization-wide training based on gaps identified to ensure adherence to practices and policies. Stay abreast of emerging trends and successful practices in internal audit related to USG funding and the non-profit sector more generally.
● Establish and assign departmental goals to team members and evaluate their performance.
● Responsible for coaching, mentoring, and developing career paths for direct reports.
● Maximizes return on financial assets by establishing financial policies, procedures, controls, and reporting systems.
● Guides financial decisions by establishing, monitoring, and enforcing policies and procedures.
● Protects assets by establishing, monitoring, and enforcing internal controls.
● Monitors and confirms financial condition by conducting audits and providing information to external auditors.
● Maximizes return and limits risk on cash by minimizing bank balances and making investments.
● Prepares budgets by establishing schedules; collecting, analyzing, and consolidating financial data; recommending plans.
● Achieves budget objectives by scheduling expenditures; analyzing variances; initiating corrective actions.
● Provides status of financial condition by collecting, interpreting, and reporting financial data.
● Prepares special reports by collecting, analyzing, and summarizing information and trends.
● Complies with federal, state, and local legal requirements by studying existing and new legislation, anticipating future legislation, enforcing adherence to requirements, filing financial reports, and advising management on needed actions.
● Ensures operation of equipment by establishing preventive maintenance requirements and service contracts, maintaining equipment inventories, and evaluating new equipment and techniques.
● Completes operational requirements by scheduling and assigning employees; following up on work results.
● Maintains financial staff by recruiting, selecting, orienting, and training employees.
● Maintains financial staff job results by coaching, counseling, and disciplining employees; planning, monitoring, and appraising job results.
● Protects operations by keeping financial information and plans confidential.
- Planning and execution of audit fieldwork and statutory reporting across a portfolio of clients Project management of all aspects of audit including agreeing audit timelines, team briefings and
supervision, and delivery of audit work.
- Budgeting and monitoring the financial performance of projects, focusing on optimizing profitability.
- Identifying, researching, and helping to resolve complex audit issues
- Building relationships with the client staff and acting as an ambassador for the firm.
- Reporting to audit senior managers and partners on all salient points arising from audits.
- Supervising and coaching senior and junior members of staff to help them realize their full potential.
- Keeping up to date with Moore Stephens product and service offerings and identifying the sales
opportunities that will help us grow our business as well as the new accounting and auditing standards.
- Working on audit tenders and working as part of the relevant independence team on these tenders.
- Preparing data and drafting independence reports, liaising with Saudi Arabian Ethics and
Independence team.
- Having the opportunity to work on specific audit related projects across the audit function.
Job Description:
• Provide management over a portfolio of clients and deliver high quality audit and assurance service, including preparing and reviewing audit plans and work.
• Achieve team and individual budgets and business plan/ performance objectives.
• Manages project financials, including budgets, timely billing and collection and variance recognition.
• Maintain technical and professional standard.
• Think strategically about client needs by understanding their business and key risks.
• Addresses situation before they come crises and develops solutions to avoid recurrence,
• Providing additional help and guidance to clients on a consultancy basis.
• Participants in the development of ways to meet client needs, contributes to proposal delivery.
• Identifying ways to maximize the relationship with clients and deliver added value.
• Monitor and control auditing staff.
• Takes a leadership role in professional, business or community organizations.
• Coach, train and develop auditing staff to upgrade their knowledge.
• Be seen as a role model for auditing professionals.
• Carry out practice management activities e.g. resourcing client billing etc.
Job Description:
• Playing the in-charge role on the audit engagements.
• Drawing the initial conclusions on client queries, being alert to both commercial concerns and technical accuracy and referring upwards if necessary.
• Performing fieldwork on assigned clients, assisting with the setting of budgets and pricing, scheduling audits, selecting staff and assigning workloads, developing the audit strategy, all within the PwC Audit Methodology, and using technology tools. 2
• Identifying issues for reporting in the management letter, and other communications with management, and drafting the final documents for review by manager and partner.
• Allocating budget time to assignments, explaining variances from budget, and collecting cash on time.
• Leading and managing the audit team in the field on large assignments.
• Supplying & attending briefings on all assignments.
• Ensuring completion of audits within agreed timescales & budgets.
• Fully accountable for the audit of higher complex organizations including risk management practices. Supervising and controlling completion of audit assignments including assessing internal controls, systems, planning tailor and audit programs to suit client business environment and risks
• Reviewing work of audit staff, ensuring quality in compliance with professional standards.
• Training, supervising and coaching staff assigned & contributing to non-client work, managing portfolio of clients in terms of net investment.
• Managing client relationships and identifying opportunities.
Job Description:
• Participate in obtaining sufficient understanding for the evaluation of internal control structure.
• Participate in the planning of the nature, extent and tests to be performed.
• Obtaining sufficient competent evidential matter through inspection, observation, inquiries and confirmations to afford a reasonable basis for an opinion regarding the Financial Statements under audit.
• Assessing the accounting principles used and significant estimates made by the company’s management.
• Ensure compliance with EAS, IAS or US GAAP (based on the reporting requirement that varies from audit to another).
• Perform financial and business analysis including ratio analysis and evaluating decision-making process.
• Evaluate the overall financial statement presentation.
• Prepare the Auditor’s Report, clients’ financial statements and accompanied disclosures.
• Providing, mentoring and guidance to less experienced audit assistants.
• Reporting results to the audit manager and / or supervisor.
• Preparation of Management Letters with audit findings and recommendations.
Job Description:
• Plan for the Audit engagement.
• Lead a team of juniors.
• Assess related risks.
• Understand the Surrounding environment and understand the internal control.
• Perform the Audit procedures.
• Make adjusting entries in accordance to the IFRS.
• Prepare a draft of Financial Statements to be discussed with the manager and the client management.
• E-Audit software.
• Supported management through risk identification, control testing and process improvement procedures.
• Reported internal control issues to management and supplied comprehensive recommendations to mitigate the associated risks.
• Communicated audit results to upper management through written reports and oral presentations.
• Gathered data for internal audits through interviews, financial research and downloads.
• Articulated audit findings, risks and detailed recommendations to upper management.
• Met with clients to identify and assess business controls, risks, process gaps and work flow inefficiencies.
• Trained in Mazars Mustafa Shawky (member of Mazars international in Egypt ) from June 1st 2004 to October 15th 2004 and from July 1st 2005 to December 31st 2005.
Alexandria University, Faculty of commerce English department, accounting department, May 2004, Grade: Good