Group Internal Audit Director
Arabtec Holding
مجموع سنوات الخبرة :25 years, 1 أشهر
Develop and maintain an independent, integrated, value-adding audit function, tasked with executing the internal audit plan for Holding and its subsidiaries.
Provide independent, objective and professional feedback to develop solutions that protect the assets and support the goals and strategies of the Company
Managing and directing the activities of the Group Internal Audit Department. The principal duties and responsibilities include:
- Determines, plans, and supervises the work of auditing professionals and other subordinates in the performance of internal and external audits.
- Confers with the Company’s management and the Board of Directors on policies, programs, and activities of the Internal Audit Department; makes recommendations regarding specific areas of responsibility.
- Prepare risk-based audit plan for the Group and present it to the Board of Directors.
- Develops and updates audit programs and checklists; plans and monitors audit work schedules; and develops and recommends implementation of forms, systems, and procedures to carry out responsibilities and accomplish goals of the Internal Audit Department.
- Ensures that accepted accounting and audit principles and policies are followed, and evaluates the adequacy and effectiveness of internal accounting procedures and operating systems and controls.
- Meets with Company management at all levels and the Board of Directors, as necessary, to discuss audit plans and results and make recommendations to resolve audit findings requiring corrective action.
- Supervises, reviews, and participates in the training of Internal Audit Department personnel.
- Performs special audit-related projects as assigned. Directs the preparation of the Department's budget requests.
- Performs other duties as assigned by the Board of Directors.
- ensure all transactions are in compliance with Group policies & procedures and in compliance with law & regulations
- identify and document pre-audit findings and recommendations for closing internal control gaps.
- verifying the sufficiency and completeness of supporting documents attached to financial / non- financial transactions.
- plan, organize and carry out internal audit assignments including preparation of audit plan
- report on findings and recommendations and monitor management responses and implementation.
- conducted investigations of root causes of internal control violations
- review and report on the accuracy, timeliness and relevance of the financial and other information provided to management
Planning for Assignments, Supervising Audit Team, Reviewing Working Papers, and Communicating with Clients
In serving clients, I had the following responsibilities:
-Understanding the client’s business, the control environment and accounting process.
-Performing preliminary analytical procedures to identify unusual or unexpected balances and relationships.
-Performing tests of controls, substantive analytical procedures and tests of details.
-Performing statistical sampling of testing and evaluating balances and transactions.
-Preparing, reviewing and controlling working papers.
-Preparation of financial statements and notes relating there to.
-Drafting letters of recommendation to management and other reports.