Internal Audit Consultant
Gulf Air
Total des années d'expérience :19 years, 0 Mois
I ensure successful completion of assigned audit engagements, from start to finish, inclusive of pre-planning and wrap up activities. Identify and evaluate business and technology risks, internal controls which mitigate risks, and related opportunities for internal control improvement. Communicates identified issues with Internal Audit management to ensure any potential concerns are addressed in a timely and effective manner. Takes effective decisions after considering available alternates and their implications.
Internal Audit Consultant at Gulf Air.
● Assisted Head of Internal Audit in preparing Audit Committee Meeting working papers.
● Successfully completed ICFR Review 2014 in compliance with SBP circulars and COSO standards.
● Audited 2 write-off proposals in light of company policy and SBP circulars.
Conducted audits and prepared audit reports of various departments of the Bank as team leader with the support of 1-5 personnel, viz. IT, Finance, CPU Account Services, Human Resource, Consumer Finance (Auto Loan), CPU - Alternate Delivery Channel, Operational Risk and CPU - Account Services.
Developed and implemented a risk-based IT audit strategy in compliance with audit standards, guidelines and best practices.
Developed in subordinates the will and desire to work towards common objectives.
Assigns work to subordinates, keeps tracks of progress and corrects deviation.
Reviews, analyzes, and interprets financial and non-financial data to be presented to Audit Committee and Senior Executives.
Successfully introduced off-site monitoring mechanism (Desk-top audits) and supervising Off-Site Monitoring Unit.
Performed major Fraud Investigations, highlighted key risk, detected significant control lapses and provided suggestions.
Awarded highest rank in previous 3 performance appraisals.
Leaded IT/ IS Audits and assisted various management and branch audits.
Prepared and developed audit programs and testing procedures relevant to risk and test objectives.
Preformed IT General Controls (ITGC) and conducted application audits of Temenos T24, Oracle E-Business Suit, CAMS, Vision
Developed AML/ KYC Monitoring Report/ MIS that enable auditors to find major lapses.
Achieved targets set for the Audit Team.
Performed Internal Control over Financial Reporting (ICFR) Testing.
Carried out audits as team leader that included, planning by understanding of entity, internal control, regulatory requirements and performing risk assessment.
Prepared audit planning documents- Audit Strategy Memorandums; IFRS, Program for General Audit Procedures Checklists etc.
Designed Test of Controls and Substantive Tests.
Discussed audit issues with engagement clients and conducted closing meetings.
Reviewed working papers and ensured quality of audit deliverables.
Prepared audit deliverables including Audit Report, audited Financial Statements and Management Letter.
Seconded to EY-Riyadh (Jan 2010 - Apr 2010)
Obtained and documented understanding of business; determined materiality; identified significant accounts and made Combined (inherent and control) Risk Assessment; reviewed Entity Level Controls and IT General Controls; setup CaseWare files for audit clients; evaluated and documented Financial Statement Close Process.
Oriented audit teams, assigned task, supervised and reviewed work of audit assistants.
Ensured quality of audit deliverables as well as met all deadlines.
Seconded to EY-Jeddah (Jan 2009 - Mar 2009)
- Leaded Project Segue to streamline process and implement control over access right and implement Segregation of Duties features for an ERP
- Planning internal audits as per objects defined by Audit Committee, executing the audit and concluding
- Performed assessment of Information Security (Protection) Policy and procedures
- Devised Disaster Recovery Plan based on best practices ensured with CoBIT objectives
- Information security review over outsourcing arrangements
- Based on guidelines of Operational Control Assessment (OCA), leaded IT OCA for IT general control process (install and accredit systems, manage change, ensure system security) and a small area of OCA Finance relating to trade promotions. Main tasks include, understanding of existing process, risk in the process, controls implemented. Evaluating design efficiency of process and control as per risk identified. Assessment of control effectiveness.
Documented significant processes and flow of transactions; identified risks (WCGW) and related controls including application and IT related General Controls (ITGCs); evaluated controls, performed walk-throughs, substantive tests on fixed assets, investments, long-term liabilities, revenue, cost of goods sold, prepared disclosures for financial statements, prepared lead schedules on CaseWare, finalize clients on GAMx software.
Preformed 100% Creditors Verification: The tasks included verification of supporting documents, preparation of age analysis, subsequent analysis, compiling procedures results, preparing reports and annexure. (Leaded the team of 5 persons.)
Preformed Special Investigation to Detect Fraud Risk: Re-performed the procedures manually, identifying suspected transaction, ensuring their validity by digging the trail, summarizing the results and preparation of reports.
Accounting Advisory: Advised clients on accounting and reporting matters and provided assistance in preparation of financial statements complying with International Financial Reporting Standards & regulatory framework.
Seconded to EY-Dubai (Jan 2008 - Mar 2008)
Performed test of controls and substantive tests; documented the results of tests performed; made analysis over income and expense items in financial statements; verified outstanding balances appearing in other assets and other liabilities; performed physical stock counts.
Prepared Financial Statements of Provident Fund for 14 years of different entities.
Involved in first year audits of listed entities with turnover of more than Rs. 800 million.
Awarded early promotion.