Internal Audit Manager
Al Sharid Auditing and Management Consultancy
Total years of experience :17 years, 11 Months
Conduct and supervise/lead audit assignments in line with the Risk based Internal Audit plan and within the budgeted time in a professional manner, adopting the best risk based audit practices, risk assessment & risk register and appropriate audit techniques.
Formulate audit program for various sections of the auditee to test the controls in place and to address the risk areas.
Coordinate and participate in the opening meeting conducted with the Business / Entity Heads before the start of each review.
Prepare / review the planning memorandum and preliminary survey for each audit assignment
Identifying System control Points and document controls.
Prepare/ review selected workpapers and interim recommendations for auditee consideration, considering materiality, pertinence to audit and documentary evidence.
Prepare/ review draft status memos for presentation to Business / Entity Managers and preliminary agenda of recommendations and comments for closing conferences.
Prepare/ review preliminary summary memo and future audit planning recommendations.
Ensure quality standards in internal audit review and reports.
Ensure completion of audit assignments within the allotted timelines.
Prepare/review draft reports prepared and discuss the result of the review with Auditees and with the related Business Heads.
Ensure adequate follow-up with audit team & auditee to enable timely finalization of audit reports & track implementation status.
Conduct Ad-hoc projects / reviews as required by the Board, Audit Committee.
Compile / review clear and concise reports, together with Management responses as per the Auditing Standards.
Prepare/ review quarterly progress reports on planned audits and implementation of corrective actions.
Maintain audit workpapers and sufficient evidence for the reported observations.
Compile Internal audit presentation for Audit Committee.
Develop and provide a comprehensive strategic risk-based audit plan, for all activities, projects implemented by the Internal Audit functions and ensure that it is done on time effectively and efficiently.
Direct, examine and evaluate different systems & processes within the company to ensure that there is adherence to established policies & procedures and report finding/results to the audit committee and Board of Directors.
Recommend Corporate, operations and finance related improvements and best practices.
Direct the Internal Audit function to effectively evaluate internal control systems. This process includes formulating and implementing wide audit strategies based on risk assessment standards appropriate to the company’s evolving businesses.
Oversee and ensure the implementation of objectives set and recommend and follow up on corrective actions when necessary.
Coordinate and work with Management to identify areas of weakness, make recommendations on how to effectively enhance internal control systems, test the internal control structure as required, monitor the progress in implementing corrective actions.
Manage internal audit systems and the entire audit process, including the development and management of the annual budget, maintaining effective working relations with the Board of directors, senior management.
Report the results of Internal Audit to the audit committee and BOD and assist senior management with recommendations to ensure that each audited area operates effectively and efficiently in accordance with established policies, procedures, laws and regulations.
Utilize and mobilize available human & other resources, through liaison with support sections, other offices, or subsidiaries, to create project teams capable of completing effective quality work.
Oversee the evaluation of the complex and/or major aspects of the flow and internal controls of the process under audit.
Design/review audit programs and determine the selection of the audit samples for the area under review, then discusses with higher levels of supervision to ascertain compliance, and complete the coverage of the various aspects of the engagement.
Review analysis and examination carried out by the Internal Audit team to determine compliance of the activity under audit with the established procedures, policies, standards and legal requirements.
Held meetings with auditees to discuss audit findings. May refer to higher levels of supervision, if needed, for advice and support.
Review draft reports - complete or partial - developed by the team to ensure that standards and professionalism have been maintained
Ensure that the audit engagement was completed as designed and that auditee concerns were answered.
Manage and consolidate the outcome of various staff into one audit report. Obtain approval of the higher level of supervision and submit it to the auditee for review.
Review auditee response, hold discussions and, if necessary, update the final report, in consultation with his direct supervisor and reissue the report as required.
Supervise the follow up audits and ensure that recommended action is implemented.
Supervise and participate in special audits, investigation of fraud, abuse, etc. as requested.
Coach, mentor and provide training to employees in lower levels to ensure they have the required capabilities to carry out assigned work
Manage the performance of audit procedures, including identifying and defining issues, developing criteria, reviewing and analyzing evidence, and documenting auditee processes and procedures.
Manage the audit staff in conducting interviews, reviewing documents, developing and administering surveys, composing summary memos, and preparing working papers.
Manage the audit staff in the identification, development and documentation of audit issues and recommendations
Performed internal & external audits and reviews.
Investigated all material issues raised by inquiries from professional or regulatory authorities.
Evaluated and expressed opinion on financial statements.
Reviewed entity's information technology control procedures whilst assessing internal controls.
Coordinated with and assisted the local taxing authority.
Ensured that all the statements and reports are free of material misstatements.
Assisted in planning and scale of external audit engagements.
Managed to develop probable list of all company employees to be interviewed during the audit process.
Evaluated appropriate financial areas and records that could be examined.
Evaluated client's controls and procedural standards.
Bachelor Degree of commerce
