Mohammed Ikraam Gaffoor, Senior Executive - Internal Audit

Mohammed Ikraam Gaffoor

Senior Executive - Internal Audit

Etisalat Lanka (Private) Ltd.

Location
Sri Lanka
Education
Master's degree, Associate Certified Management Accountant (ACMA)
Experience
16 years, 7 Months

Share My Profile

Block User


Work Experience

Total years of experience :16 years, 7 Months

Senior Executive - Internal Audit at Etisalat Lanka (Private) Ltd.
  • Sri Lanka
  • My current job since January 2012

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.

Senior Audit Associate at PricewaterhouseCoopers
  • Sri Lanka
  • February 2007 to April 2011

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.

Education

Master's degree, Associate Certified Management Accountant (ACMA)
  • at Institute of Certified Management Accountants of Sri Lanka
  • February 2013
Master's degree, Associate Chartered Accountant (ACA)
  • at Institute of Chartered Accountants of Sri Lanka
  • December 2012

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.

Master's degree, Certified Public Accountant (CPA)
  • at Institute of Certified Public Accountants of Sri Lanka
  • December 2012
Bachelor's degree, Associate Certified Professional Manager (ACPM)
  • at Institute of Certified Professional Managers of Sri Lanka
  • November 2011

Specialties & Skills

Risk Assessment
Financial Accounting
Internal Audit
Financial Reporting
Ability to work autonomously and as a team
Effective time management skills to meet deadlines
Excellent co-ordination and liaison capabilities
Excellent report writing and presentation skills
Approaching problems analytically
Leadership and team motivation

Languages

English
Expert
Tamil
Expert
Arabic
Beginner
Hindi
Beginner

Memberships

Institute of Chartered Accountants of Sri Lanka
  • Associate Chartered Accountant (ACA)
  • December 2012
Institute of Certified Professional Managers
  • Associate Certified Professional Manager (ACPM)
  • November 2011
Institute of Certified Public Accountants of Sri Lanka
  • Certified Public Accountant (CPA)
  • December 2012
Institute of Certified Management Accountants of Sri Lanka
  • Associate Certified Management Accountant (ACMA)
  • February 2013

Training and Certifications

Computer Applications (Certificate)
Date Attended:
November 2006
Valid Until:
November 2006
Business Communication (Certificate)
Date Attended:
March 2011
Valid Until:
August 2011