Audit Supervisor - Risk Advisory & Internal Audit Department
BDO Consulting
مجموع سنوات الخبرة :20 years, 7 أشهر
Develop annual audit plans detailing the scope, nature and timing of audit activities; Develop Risk and Control matrices to assess the operational, financial and compliance risks across the organization and highlight control weaknesses in the processes; Develop risk based audit programs and perform test of controls; Carry out compliance reviews to ensure that organization is adhering to rules, codes or practice, business ethics, policies and procedures; Review financial statements (as per the requirements of International Financial Reporting Standards (IFRSs) and local regulatory requirements); Review Corporate Governance Framework of various Companies in accordance with the Central Bank of Bahrain rulebook and code of corporate governance; Compile Key Person Report for the listed companies as required by the Central Bank of Bahrain capital market regulations; Carry out special assignments related to fraud investigation and risk management; Prepare comprehensive reports on audit findings and recommendations for the clients; Monitor implementation of the management actions recommended in the audit reports; Prepare proposals and presentations up to top management level; Supervise junior auditors and provide guidance to improve the quality of work;Perform the following responsibilities in coordination with External Audit Department:
o Reviewing/preparing financial statements as per IFRS requirements;
o Planning and executing audit (as per the requirements of International Standards on Auditing (ISAs);
o Coordinating with various professionals such as other auditors, bankers, internal auditors, lawyers, actuaries, independent valuators and system and process Assurance, Specialists and decision-making in respect of critical reportable audit matters of governance interest;
o Reporting of significant issues to the management and developing good working relationships with the client to deliver engagement expectations;
Manage all banking and treasury related operations such as payment instructions, bank reconciliations and trade finance facilities in compliance with the governing policies and procedures, acts and legislation to ensure practice of good governance and Company’s credibility; Review daily bank balances, cash forecasts and liaison with banks for funds requirement to ensure Company funds are adequate and properly managed in meeting the daily operational requirements; Establish an effective monitoring and control mechanism for Petty Cash funds and Petty Cash record to ensure all transactions made are in accordance with Company's policies, procedures and guidelines and funds replenishment are timely made to service daily needs; Ensure that transactions impacting the financial reports are appropriately monitored, controlled and posted to the general ledger in due course; Establish an effective monitoring mechanism in areas of Accounts Receivable and Credit Control to ensure timely billing and receipts from third parties; Control and prepare general ledger entries including prepaid, accruals, allocations, etc; Handle and supervise all expenses accounts of the organization; Resolve payment issues with assigned vendors; Manage and control office expenditure within the budget; Review and reconcile all customers, vendors and ledger balances; Supervise all inventory control management processes;Lead Oil Field Service team and achieve Bahrain Oil Field Service goals and objectives; Administrate Schlumberger Web Procurement System (SWPS); Prepare client tenders documents; Act as LPT (Loss Prevention Team) leader.
Develop control mechanism in accounts payable department to ensure that the Company's liabilities are discharged accurately, timely and in a cost effective manner. Monitor the compliance with SOX framework for accounts payable department; Assist in documentation of issues and testing of internal controls for Sarbanes Oxley; Check the compliance with tax (Zakat) regulations - for vendor payments local & international; Perform month end closing for accounts payable and general ledger accounts related to accounts payable Conduct monthly accounts payable accrual account reconciliation; Prepare accounts payable aging for all companies and explain changes in balances; Perform audit, review and cross check all accounts payable invoices to ensure that they are properly coded and all supporting documentations are attached; Prepare bank reconciliations on a timely basis; Communicate with vendors on a daily basis and resolve problems; Supervise payable accountants and provide guidance to improve the quality of work; Handle all E-Banking transactions; Process the Foreign & local suppliers’ payments.