Internal Audit Director
Eastnets
Total years of experience :16 years, 4 Months
Key Responsibilities:
•Setting the direction of the Internal Audit Function, through determining the internal audit priorities and assess risks relating to the achievement of company’s objectives with Senior Management and the Audit Committee.
•Prepare and update a comprehensive risk-based audit plan for evaluating the effectiveness of controls in place to manage significant risk exposures.
•Establish work methodology and plans for conducting internal audits assignments.
•Providing assurance related to the design and effectiveness of IT general control activities or specific application control activities.
•Monitor and audit the company’s compliance with established internal controls, policies & procedures, certification requirements, contract terms, and laws & regulations.
•Delivering the Internal Audit Value Proposition, along with Coordinating & Aligning the various internal assurance activities.
•Performing consulting and advisory services related to governance, risk management and control as appropriate for the organization.
•Communicates observations/findings to senior management and the company’s Audit Committee.
•Direct the activities of subordinates.
• Identify, understand, and document processes and procedures surrounding internal controls. Continually monitor and update the assessment of the control environment, keeping abreast of significant control issues, trends and developments.
• Determining the internal audit priorities and assess risks relating to the achievement of company’s objectives with Senior Management and the Audit Committee
• Prepare and update a comprehensive risk-based audit plan for evaluating the effectiveness of controls in place to manage significant risk exposures.
• Monitor and audit the company’s compliance with established internal controls, policies & procedures, and laws & regulations.
• Establish procedures and plan for conducting internal audits assignments.
• Coordinating and aligning the various internal assurance activities.
• Direct the activities of subordinates.
• Communicates observations/findings to senior management and the company’s audit committee.
•Performs the planning of financial, Operation, and compliance review/audits.
•Performs audit procedures to verify that controls are operating through testing and interviewing techniques.
•Analyses and concludes on the effectiveness and efficiency of the control environment.
•Identifies control gaps and opportunities for improvement.
•Documents the results of audit work in accordance with audit department and the Institute of Internal Auditors (IIA) standards.
•Provides advice on internal control standards and participates in enhancing Company's internal control system
Key Achievements:
•Conducted operational, financial, and compliance audits to the following functions\divisions; Engineering, Real estate, Manufacturing, Procurement, Finance, Traveling & Tourism, Information systems, Food & Beverage, Transportation, Entertainment.
•Assist in drafting and enhancing the company’s policies and procedures such as Finance, Procurement, Logistic, Credit Sales, Sales Commission Scheme, and Real Estate.
•Assist in drafting the Company Committees Term of References such as; Fixed Assets Disposal & Scrape selling Committee, and IT Steering Committee.
•Conducting Gap Analysis Reports for Group Fleet Management Dept., Company Workshop, and Transportation Company. Based on the results and action plan of the Gap Analysis Report, we have designed general guidelines for the workflow of the Fleet Management System and Workshop Management System.
•Developing a tool to control & monitor the Engineering Dept. Manpower Plan allows the Management to put the right number of people, the right kind of people at the right place, and right time, for the achievement of the project’s goals.
•Developing a tool to allow the Management to manage and monitor the issuance of post-dated cheques to external service providers.
•Draft and/or enhance and review policies & procedures.
•Prepare the annual plan to identify and prioritize those activities subject to compliance review.
•Review the adequacy & effectiveness of the system for monitoring compliance with laws, regulations, contracts, policies, procedures, certification requirements, standards, and the result of management’s investigation.
•Coordinating and aligning the various internal assurance activities (e.g. compliance, audit, legal, quality inspection, and HSE).
•Assist the management in issuing the code of corporate governance.
•Ensure proper understanding and implementation of the company’s code of conduct.
•Communicating the information of fraud, irregularities, non-compliance, illegal acts, errors, inefficiency, conflict of interest, and internal control weakness to executive management and the board of directors.
•Establish a follow-up process to monitor and ensure that management actions regard compliance matters have been implemented on the agreed-upon dates.
Key Achievements:
•Drafting and enhancing the company’s policies and procedures such as Finance, Marketing, Supply Chain, Procurement, Construction, Sales, Admin and Human Resources.
•Designed flowcharts by using Ms-Visio to show cross-departmental processes such as Budgeting cycle, Raw material purchases cycle, and Fuel consumption cycle.
•Developed business committee’s term of references such as Audit Committee, Sales Forecast Committee, and Supplier Selection Committee.
•Developed company’s Code of Conduct.
•Designed risk management framework in according to best practices (COSO Model) which include Risk Universe, Risk Register, Risk Profile, Risk Response Strategy, and Scoring Mechanism.
•Participate and assist audit manager on designing the risk-based plan.
•Conduct reviews of assigned organizational and functional activities,
•Evaluate the adequacy and effectiveness of the management controls over those activities.
•Determine whether organizational units are performing their planning, accounting, custodial, and control activities in compliance with management instructions, applicable statements of policies and procedures.
•Plan and execute engagements in accordance with accepted standard,
•Report engagement observations and to make recommendations for correcting unsatisfactory conditions, improving operations, and reducing cost,
•Perform special reviews at the request of management,
•Direct the activities of assistants.
Key Achievements:
•Conducted operational, financial, and compliance audits to the following functions:
Purchases, Taxation, Marketing, Budgeting, Treasury, Supply chain, Industrial Operation, Quality Assurance, R&D, Sales, Information Technology “IT”, Human Resources and Financial Statement.
•Integrate SWAT Analysis result and company strategic plan to the Audit Risk-Based Plan - which leads to decrease assignment time, proper use of resources, and consider unforeseen risks.
•Developed standard work program outline consistent with the IPPF standards to guide audit team in achieving engagement objectives and work procedures.
•Designed activity reports such as Time Recording, Actual Audit Assignment Time vs. Budget.
•Adapted quantitative sampling selection techniques and methodologies through Ms-Excel and trained the team for using it.
•Developed standard interviewing questionnaires for using during audit planning phase.
•Presents internal audit function and activities for new hired employees as part of company induction program.
Main responsibilities such as:
•Provide assurance that operations and processes conform to policy and procedures,
•Design the engagement audit program to assess the efficiency and effectiveness of control, risk management and governance process.
•Identify control and processes weaknesses,
•Prepare draft audit report,
•\Assist the manager in the preparation and follow-up of the implementation of outstanding recommendation.
certified in governance, risk, compliance, ethics and IT
Certified in auditing the following function; governance, risk, compliance, ethics and IT in reference to the GRC capability model
Certification in Risk Management Assurance
The CIA designation is the only globally accepted certification for internal auditors and remains the standard by which individuals demonstrate their competency and professionalism in the internal auditing field.