Irfan Rehmat, Asst Manager Internal Audit

Irfan Rehmat

Asst Manager Internal Audit

EMPOWER Energy Solutions

Location
United Arab Emirates - Dubai
Education
Master's degree, Internal Audit
Experience
14 years, 7 Months

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Work Experience

Total years of experience :14 years, 7 Months

Asst Manager Internal Audit at EMPOWER Energy Solutions
  • United Arab Emirates - Dubai
  • My current job since December 2018

• Preparation of Scope for the Audit as per the Annual Audit Plan
• Preparation of Audit Programs of processes such as Warehouse Management, Accounts Payables, Accounts Receivables, VAT etc.
• Checking compliance with Information Security Regulations (ISR) for the company i.e. ISR Domain 7 Business Continuity Planning
• Execution of Audit Programs
• Testing efficiency and effectiveness of internal controls
• Reviewing the design of the internal controls
• Maintenance of Working Papers as per IIA standards
• Drafting of executive summary and Internal Audit Report
• Conducting closing meeting with the auditee to discuss the findings
• Finalization of Audit Report

Group Internal Auditor at Al Fahim Group
  • United Arab Emirates - Abu Dhabi
  • January 2017 to December 2018

• Maintenance of risk registers and prioritizing the risks
• Preparation of Audit Programs of processes such as revenue, inventory, purchasing and ordering, finance payables and receivables, Intercompany reconciliations.
• Execution of Audit Programs
• Performing Data Analytics using ACL/Arbutus/Tableaue
• Testing efficiency and effectiveness of internal controls
• Reviewing the design of the internal controls
• Maintenance of Working Papers as per IIA standards
• Drafting of executive summary and Internal Audit Report
• Conducting Inventory checks on random basis
• Conducting closing meeting with the auditee to discuss the findings
• Closing all review points by the HOD audit.

Consultant Internal Audit at Protiviti ME
  • Saudi Arabia - Riyadh
  • May 2016 to December 2016

• Audit planning - developing risk based internal audit plans/programs.
• Review of entity and process level controls under the COSO framework of internal controls,
• Review of policies and procedures manuals, and compliance of applicable regulatory framework.
• Review of the reliability of financial information and comment on overall financial position.
• Review of governance and risk management processes.
• Drafting internal audit reports.

Senior Associate-Risk Advisory and Assurance at RSM International Bahrain
  • Bahrain - Manama
  • September 2014 to November 2015

• Audit planning - developing risk based internal audit plans/programs.
• Review of entity and process level controls under the COSO framework of internal controls,
• Review of policies and procedures manuals, and compliance of applicable regulatory framework.
• Review of the reliability of financial information and comment on overall financial position.
• Review of governance and risk management processes.
• Drafting internal audit reports
• Preparation of policies and procedures for all business processes. i.e. Finance, Sales, Payroll, Procurement, Inventory Management etc
• Identification of internal control weaknesses and giving recommendation
• Suggesting improvements in business process to add value to the process.
• Re-engineering the process as to improve internal control and efficiency of the process

Senior Audit associate at Deloitte
  • Pakistan - Karachi
  • December 2010 to August 2014

• Strategic audit planning - developing risk based internal audit plans/programs.
• Review of entity and process level controls under the COSO framework of internal controls,
• Review of policies and procedures manuals, and compliance of applicable regulatory framework.
• Review of the reliability of financial information and comment on overall financial position.
• Review of governance and risk management processes.
• Draft Audit programs and perform tests of control accordingly.
• Identify key risks in the processes.
• Identify the existing control over the process and suggested possible control in case of gap.
• Review policies and procedural manual and identify the gaps between current practice and policies and procedural manual.
• Use of Internal Audit pack of Audit System/2 for evaluation of client and risk assessment of project to internal audit report building.
• Drafting internal audit reports.
• Conducting physical stock counts on periodic basis

Internal Auditor at Hilal Confectionery Pvt Ltd
  • Pakistan - Karachi
  • February 2010 to October 2010

Key responsibilities as Internal Auditor:

 Ensuring compliance to standard operating procedures.
 Risk assessment of the division.
 Safe guarding of assets.
 Ensuring effective utilization of resources in the division.
 Measuring performance of divisions.
 Variance reporting on material and labor.
 Verifying and rectifying errors in records.
 Presenting performance measurement reports to CEO.

Associate-Audit at TAG and CO chartered Accountants
  • Pakistan
  • January 2009 to October 2009

Education

Master's degree, Internal Audit
  • at Institute of Internal Auditor
  • April 2015

CIA Certified

Master's degree, ACCA
  • at Association of Chartered Certified Accountants
  • June 2010
Bachelor's degree, Applied Accounting
  • at Oxford Brookes University
  • March 2010
Diploma, CAT(t1-t7)
  • at Association of Chartered Certified Accountants
  • June 2005
High school or equivalent, Maths
  • at Government Degree Science college Malir cant
  • September 2003
High school or equivalent, GCE Olevels
  • at THE CITY SCHOOL
  • June 2001

Specialties & Skills

Auditing
Internal Audit
Risk Assessment
Financial Analysis
Ms Excel
Oracle ERP
MS Powerpoint
MS Word

Languages

English
Intermediate
Urdu
Intermediate

Memberships

ACCA
  • Member
  • January 2014
Institute of Internal Auditors
  • member
  • July 2013
Institute of Chartered Accountants of England and Wales
  • ACA
  • January 2023

Training and Certifications

FCCA (Certificate)
Date Attended:
January 2015
CIA (Certificate)
Date Attended:
August 2016
Valid Until:
December 2024
ACA (Certificate)
Date Attended:
January 2023
IFRS E learning (Certificate)
Date Attended:
January 2013
Valid Until:
March 2013