Islam Fathy CIA CISSP CCSP CISA CISM CRISC CGEIT CRMA CFE

Key Responsibilities / Achievements:
• Leading the Internal Audit Department, finalizing the IA Internal Audit Risk-based plan of the company and its subsidiaries and submitting it to the Audit Committee. Included in the IA plan is setting out the priorities of the internal audit department, and ensuring their consistency with the organizations’ objectives.
• Ensuring that IA charter, strategy, resources of the internal audit department are aligned and consistent with the organization's objectives and governance policy.
• Establishing appropriate policies and procedures to guide the internal audit department, and ensuring high quality engagements (assurance and consulting services) is delivered.
• Reviewing and appraising the soundness, adequacy and application of accounting, financial and operational controls through internal audit engagements of different departments/processes.
• Participating in the Audit Committee meetings to present IA Reports and other matters relating to the overall controls of operations of the company and its subsidiaries.
• Undertaking special investigations in the direction of the Audit Committee.

The KIPCO Group is one of the biggest diversified holding companies in the Middle East and North Africa, with consolidated assets of US$ 19.9 billion. The Group has significant ownership interests in a portfolio of over 70 companies operating across 26 countries.

Audit Manager - Internal Audit & Risk Advisory. (October 2008 - June 2011).

A. Audit Manager - Internal Audit & Risk Advisory. (January 2008 - September 2008).

•Planning, assigning and supervising the daily activity and work of other auditors.

•Developing and maintaining productive client and staff relationships.
•Teaching, training and coaching staff.

•Explores opportunities to sell more add-value services to my current / potential clients' portfolio.

•Developing schedules, priorities and programs for achieving audit objectives and goals.

•Preparing complex audit reports using advanced writing skills.

•Using project management tools to oversee project progress.

•Assessing risk factors to identify high risk areas within the organization.

•Undertake comprehensive planning and risk assessments relating to each assignment to ensure that the engagement identifies potential business risks.

•Ensure that detailed audit work is effectively focused on areas assessed as high risk, thus ensuring maximum payback from the assignment.

•Ensure that recommendations are clearly presented to and agreed to by management and that a subsequent audit report is issued promptly.

•Follow up to ensure that all agreed recommendations are subsequently implemented.

•Performing advanced, specialized, managerial auditing work in multiple disciplines. Responsible for managing complex audits; performing critical project management duties in the planning, scheduling, coordinating, reviewing and reporting of the work of audit teams; and providing expertise in auditing standards and performance criteria, audit requirements, and information technology skills.

•Supervises multiple internal audit assignments (outsourced, co-sourced).

•Provides internal audit reports (financial & operating processes) to Audit Committees of the engagement clients with recommendations to help them oversee the effectiveness of internal control system over the clients' processes.

Supervisor Auditor - Internal Audit. (October 2006 - December 2007).

Senior Auditor - Internal Audit. (October 2005 - September 2006).

•Conducted independently an outsourced Internal Audit engagement for evaluating internal controls systems for holding company with its 9 subsidiaries working in different business sectors including (Construction, Trading, Real Estate, and Manufacturing).

•Conducted independently Fraud Investigation engagement for a major company in Kuwait (loss discovered up to $ 21M.).

•Preparing & Conducting audit programs for various financial & operating processes for Internal Audit engagements.

•Conducting External Audit engagements for listed Corporations in different business sectors (Manufacturing, Trading, Construction, Services, Real Estate, Investment, Funds, Shipping & Transport, Media & Advertising Production and Hospitals) for annual & quarters’ financial statement.

•Preparing audit programs for various financial accounts for External Audit engagements.

•Participate in pre-audit planning for engagements.
•Supervise junior staff & guide them.
•Review client accounting, operating procedures and understanding & testing Internal Control systems.
•Conducting independent audits of clients' financial statements that involves more than verification of facts and figures.
•Inspect clients' financial records, compile and analyze data.
•Participate in the preparation of financial statement reports & management letters.
•Performing analytical reviews of audit documents and preparing the working paper documentation.
•Participate in the preparation of income tax returns on corporate and individual clients.
•Ensuring deliverables meet work plan specifications and deadlines.
•Perform accounting research to solve issues that arise during the course of audit engagements.
•Engaged in auditing many types of Egyptian SEC listed & Multi-International Corporations in different business industries (Manufacturing, Real Estate, Construction, Trading, Services, Financial Institutes and Various Special Assignments).

Auditor, Assurance & Audit Division.

Accountant - Financial Dept.