DirectorInternal Audit
East West Insurance Company Ltd.
Total years of experience :24 years, 4 Months
Manage the overall Internal Audit Function, including the development of the Audit Plan, management of project execution, coordination with key stakeholders and quarterly reporting to Executive Management and the Audit Committee.
Corroborate across business and functions to improve the identification, quantification, measurement and management reporting to strengthen and improve governance, risk management and control processes.
Reduced the Internal Audit budget by 50% each year through management of resources and analysis of testing times.
Remediated inherited material weakness and Internal Controls deficiency in one year after careful planning and mentoring of the Accounting department.
Supervised and coordinated projects for external auditors and inspection evaluations to ensure adequate resources for the annual audit plan.
Reports audit results to the senior management through written reports and oral presentations including value-added suggestions for addressing identified issues. Make sure that management timely take corrective measures and improve the system as recommended.
Conduct annual risk and fraud assessments and tailored responses to the company’s annual audit plan.
Evaluate policies & procedures and identify controls in line with the prevailing & proposed laws & regulations in order to timely recommend amendments to current policies & procedures and introduction of new policies and procedures.
Establish an environment where compliance is not overlooked and monitors statutory compliance to avoid penal action and address all strategic or operational risks that the company is exposed off.
Provides training to staff in line with laws & regulations, companies policies, procedures & practices and for new auditing and financial accounting& reporting standards.
Re-performs investment appraisal to ascertain if the investment is in line with investment policy and shareholders expectations.
Recommend profitable investment avenues with guidelines to maintain risk to an acceptable level.
Manage client engagement in accordance with the applicable financial reporting framework including
compliance with (IFRS), local corporate and directives of regulatory authorities;
Developed audit plans that address relevant accounting and audit standards;
Determined staffing requirements and coordinating the involvement of specialists in the audit;
Performed review of work papers to provide timely feedback to audit staff on their performance.
Communicated control deficiencies and other issues encountered during the audit to the client.
Reviewed financial statements or reporting packages for completeness and accuracy.
Consulted with the partner on critical accounting areas addressed during the audit.
Informed partner of the progress of the audit and any overruns.
Key Achievements
Joined the firm as Audit Officer and with satisfactory & comparatively better performance promoted to Manager
Audit within short period of time
Gained exposure to Internal & External Auditing as well Income Tax Laws such as staff & corporate tax computation, filing of return etc.
A Clearing, Forwarding, Sales Tax & Custom Rebate Refund Agency. Reporting to the Proprietor of the Agency. Responsible for the Accounting, Sales Tax & Custom Rebate Refund documentation.
ACA, Associate Chartered Accountant (England and Wales)
The Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA or FCCA).
B. Com is a two-year undergraduate program in commerce field. This degree provides a wide range of managerial skills to students, by building competence in the specific business area. During studies, students are being taught by the general business principles, accounting, management, marketing, economics, and finance. Students have the option to do two-year b.com program or four-year B.com (Hons) program as per the requirement. After doing B.com, students become able to pursue their studies in advanced level business administration or management sciences.