Chief Internal Auditor
First Al-Noor Modaraba
Total years of experience :19 years, 1 Months
• Compliance of activities with financial regulations as per Securities and Exchange Commission of Pakistan (SECP) and State Bank of Pakistan.
• Analyze internal control systems, identify weaknesses and prepared suggestions, methods and procedures for improvement
• Follows up on the action taken by management on audit recommendations.
• Monitors progress of internal audit recommendations and prepares progress updates as required.
• Collect and analyze data to detect deficient controls, duplicated effort, fraud, or non-compliance with laws, regulations, and management policies.
• Supervise audit and determine scope of investigation required.
• Reviewing financial statements including interim and annual, keeping in view with the requirements of IFRS and SECP.
• Pre audit of all expenses on monthly basis
• Prepared risk-based audit programs
• Ensuring compliance with policies and procedures
• Evaluate the effectiveness and efficiency of operations, including achievement of corporate goals related to performance, profitability and safeguarding and efficient use of resources.
• To review the reliability and integrity of financial and operating system and means used to identify; measure; classify and report such information.
• To review the established systems to ensure compliance with the organization’s policies, plans, procedures, laws and regulations that have a significant impact on operations.
• To appraise the efficiency of utilization of organizational resources.
• To review existing operations and ascertain whether the results of those operations are consistent with overall organizational objectives and goals and to ascertain whether the operations are carried out as planned.
• Analyze internal control systems, identify weaknesses and prepared suggestions, methods and procedures for improvement.
• Pre and post audit of all expenses on monthly basis.
• Assisting the Finance department in accounting functions and reviewing financial statements including interim and annual, keeping in view with the requirements of IFRS and SECP.
• Coordinate with external auditors.
• Departments audits i.e.(Purchase, Store, Credit & Treasury) on monthly basis to ensure their efficiency
• System development for effective operations;
• Responsible to accomplish special assignment as required by the management. i.e. Payroll, Inventory, H.R management, Fixed Assets, Debtors management & Credit Management.
Audit and Assurance, review of internal control systems, Assist the Engagement Manager by building an understanding of client’s businesses (issues they faced, markets they operate in, key developments)
Conducting and supervising financial audit assignments.
Review Accounts Receivables, Accounts Payables and Bank Reconciliations on a periodic basis
Specialized audit assignments i.e. Internal audit.
Provide ongoing feedback to the team leader and the engagement manager.
• Application of International Accounting Standards, technical standards and generally accepted accounting practices.
Audit and Assurance, review of internal control systems, Assist the Engagement Manager by building an understanding of client’s businesses (issues they faced, markets they operate in, key developments)
Conducting and supervising financial audit assignments.
Review Accounts Receivables, Accounts Payables and Bank Reconciliations on a periodic basis
Filing of quarterly statements and annual tax returns in compliance with ITO, 2001
Specialized audit assignments i.e. Internal audit.
Provide ongoing feedback to the team leader and the engagement manager.
• Application of International Accounting Standards, technical standards and generally accepted accounting practices.