Audit Supervisor
Horwath MAk Ghazali llc. (Crowe Horwath Oman)
Total des années d'expérience :24 years, 6 Mois
As an Audit Supervisor, I undertake and manage assignments for audits, accounting, taxation, management consultancy and other professional assignments of the firm.
Internal Audit Assignments:
I have worked on the various financial and operational internal audit assignments. I am responsible for supervising various departmental and process level internal audit assignments. List of clients is as follows:
• Various companies of Zubair Group such as Zubair Electric LLC, Zeenah LLC, Oasis Water Co. LLC, Al Hilal Investment Co. LLC and Zuabir Corporation LLC.
• Interior Hotels SAOG (Golden Tulip Nizwa).
• General Electric and Trading Co. LLC
• Sweets of Oman
• Horizon Capital Market
External Audit Assignments:
I have supervised and finalized external audit of various clients including Al Hashar Group, First Mazoon Fund and etc.
Other Assignments:
I have also supervised following assignments:
• Fixed assets mapping assignment of Port Services Corporation
• Accounting services to MAF Properties
Acted as a team leader and was responsible for:
•Managing teams who are working on the assigned engagements.
•Managing the deliverables prepared by the teams for subsequent review by the engagement manager.
•Preparing reports integrating observations, risks/impacts and recommendations therein.
Apart from above responsible for assisting director and managers in various tasks i.e. preparing presentations for client orientation regarding laws, regulations, Code of Corporate Governance and etc.; and preparing various policy documentations for clients i.e. Internal Audit Charter, Directors Code of Conduct and etc.
Internal Audit Assignments:
I have worked on the following Internal audit assignments during my tenure. During these audits I was responsible for supervising various departmental and process level internal audit assignments
1.Karachi Stock Exchange (Guarantee) Limited
•Human Resources Department, Members’ Affairs Department, Trading Affairs Department, Company Affairs Department, Finance Department (Payroll Function, Revenue Cycle, Fixed Assets Management and Bank Accounts Management)
2.Lucky Cement Limited
•Entity Level Internal Control Review
3.Zulfeqar Industries Limited (FMCG)
•Review of supply chain with particular emphasis on production, inventory management, procure to pay cycle, order to cash cycle, fixed assets management, costing, administration and distributors’ and retailers’ incentives.
Quality Assessment Review:
Worked as a team member on the Quality Assessment Review of the Internal Audit of National Bank of Pakistan which was a joint assignment of Deloitte and E&Y. My work involved review of Audit Committee & Internal Audit Charter, Internal Audit Policies & Procedures, Internal Audit Framework and Internal Audit Working, Reporting and Follow-up processes as per IIA standards and best practices.
•Assisted in preparation of yearly audit plans.
•Assisted in preparation of departmental budget.
•Conducted preliminary survey in assigned department to determine activities being performed and to develop recommendations as to audit needs.
•Reviewed and documented internal control system.
•Developed audit programs, including scope, techniques, and timetable, within time constraints
•Developed tests to determine compliance with the internal control system, statutory requirements and internal policies & procedures.
•Supervised field work relating to various operational, compliance and financial internal audit assignments as per monthly internal audit plan.
•Responsible for making recommendations to correct unsatisfactory conditions, improve operations, and reduce costs.
•Prepared oral and written reports of audit findings and recommendations for corrective actions and operational & managerial improvements, based on review and testing procedures.
•Followed up recommendations suggested for implementation by auditee management and prepare follow up reports
•Performed and assisted in special assignments, as directed by Internal Audit Management
My main achievements:
•Supervised and finalized the preparation of Tapal’s first Internal Audit Manual and audit desk procedures.
•Examined and evaluated the adequacy and effectiveness of components of the Accounting and Internal Control systems within the organization.
•Conducted various operational and financial internal audit assignments.
•Performed routine checks of payments & receipts, raw & finished stock, cash, and assets.
•Prepared and finalised internal audit report, integrating therein findings and recommended corrective actions, based on review and testing procedures
•Performed follow up procedures and prepared follow up reports.
•Assisted in Performing special audit assignments as required by higher management
•Assisted in monitoring and implementing changes to Computerized Management Information System of the company to meet Financial and Management information requirements.
During the period of article-ship I have been assigned on the audit of organisations relating to various sectors, in the capacity of audit junior to job supervisor.
External Audit
•Actively participated in planning and development of audit scope, objectives and audit program and determining audit procedures to be used
•Supervised identification, communication and resolution of queries / issues with management that arise as a result of the audit
•Supervised finalization of draft financial statements provided by the clients
•Reported deficiencies and recommendations on corrective actions, based on information gathered during the review and audit
Accounting Assignments
•Supervised the documentation and review of the key business cycles for the designing of accounting manual
•Prepared financial statements from very basics, as per the requirements of International Accounting Standards (IAS) and directives issued by The Institute of Chartered Accountants of Pakistan and The Security and Exchange Commission, i.e. by allocating expenses in relevant head of account, preparing trial balance passing adjustments therein up to the finalization of financial statements
•Prepared lease amortization schedules and their disclosure in the financial statements in line with the requirements of International Accounting Standards (IAS), identifying and reconciling the differences for the same in the accounting system
Internal Audit Assignments
•Supervised a special assignment at Info Highway Private Limited relating to detection of internal control weaknesses in payable cycle and reported on any weaknesses along with recommendations for improvements.
Major Clientele:
• General Electric Incorporated
• Marubeni Corporation
• Mitsui Corporation
• Dewan Salman Fibres Limited
• Dewan Textile Mills Limited
• Dewan Motors (Pvt.) Ltd.
• Regent Textile Mills Limited
• State Cement of Pakistan
• Pakistan Steel Mills Corporation
• National Petrocarbon (Pvt.) Ltd.
• Pak Hy-Oils (Pvt.) Ltd.