Senior Executive - Internal Audit
Etisalat Lanka (Private) Ltd.
Total years of experience :16 years, 7 Months
Primarily responsible for reporting on evaluation of internal controls, risk management, providing key practical change recommendations, special reviews, investigations and execution of internal audit plan approved by Audit and Risk Management Committee based in UAE.
Reporting to: Head of Internal Audit & Risk Management
Other key responsibilities handled in brief:
•Assisting head in developing internal audit plan based on management & internal audit risk assessment.
•Planning and execution of financial, compliance and risk based business process audits.
•Performing Enterprise Risk Management practices within the Company as per the COSO ERM framework.
•Implementing controls to provide proper oversight and accountability in weak control areas.
•Presenting key audit findings for Audit and Risk Management Committee - UAE.
Responsibilities handled in detail:
•Planning one or more audit assignments simultaneously. This will involve dialogue and interviews with department heads and collating information on the area being audited including key systems, department structure, financial and budgetary information, any legal or regulatory requirements etc.
•Documenting the key processes and associated controls being examined in the audit, use of control and risk assessment matrix following their documentation of the systems and processes being reviewed.
•Performing operational and process audits consistent with the divisional policies, audit scope and Internal Audit Engagement procedures as per the Company.
•Assisting my manager in guiding department heads and staff in the proper conduct of risk identification, risk assessment, risk mitigation, and other risk management practices.
•Prepares and submits the internal audit report for review and approval of the Audit Head and auditee management.
•Follow-ups on implementation of committed management action plans on the audit findings.
Primary responsibilities include performance of statutory audits, reporting on evaluation of internal controls, regulatory compliance and other complex audit assignments for diverse industries that include manufacturing, retail, shipping, Information Technology, NGOs, bank & real estate.
Reporting to: Manager and Assurance Partner
Other key responsibilities handled in brief:
•Direct executive participation in the audit planning process, substantive audit procedure findings and sensitive audit area discussion.
•Planning, conducting and finalisation of audits of financial statements and reviews on special audit areas according to IFRSs, Companies Act and GAAP guidelines.
•Direct advising to the clients on accounting, financial reporting and regulatory matters.
•Preparation of internal audit reports, management letters and finalisation of the same with management and representing the firm at Audit Committee meetings.
Responsibilities handled in detail:
•Performed statutory audits and advise to the clients on troubleshooting of issues regarding: International Financial Reporting Standards and Sri Lanka Accounting Standards.
•Effective participation in the areas including the Audit strategies, Risk Assessment, Audit Approach Plan, Income Tax compliance, Internal Control & Fraud Considerations.
•Audit checks on Income Tax, ESC, and VAT computations and performed special assignments on variance analysis and other local regulatory requirements.
•Liaison and co-ordination with client management, assurance partner and manager, IT audit teams and tax divisions to ensure effective accomplishment of assurance engagements.
•Effective direction and supervision of junior team members in direct participation of assessing control environment and working for line items of financial statements.
Was appointed as the Educational Secretary in 2008, Vice President in 2009 and the President of the Chartered Accountants Students’ Society (CASS) by the Institute of Chartered Accountants of Sri Lanka. Represented Sri Lanka in 22nd & 24th All India CA Students’ Conference held in August 2009 at Kerala & August 2011 in Nagpur respectively under South Asian Federation of Accountants (SAFA) Student Exchange Programme with the Institute of Chartered Accountants of India. Served as the Organising Committee Chairman of the 23rd National Chartered Accountants Students’ Conference.