Audit Committee Member
JESCO
Total years of experience :19 years, 11 Months
Represent TAQA in the audit committee of JESCO - A subsidiary of TAQA. The main mandates include the following:
• Internal Audit: Overseeing the activities of Internal Audit Function at JESCO;
• Financial Reports: Ensuring the integrity, fairness and transparency of financial reports/statements before presenting them to the Board.
• External Audit: Providing recommendations to the Board regarding the appointment, dismissal, remuneration and performance of the external auditors.
- Leading the internal audit function at TAQA;
- Secretary of TAQA's Audit Committee.
• Managing audit & consulting assignments for TAQA and its subsidiaries.
• Performing Quality Assurance & Improvement Program (QAIP)
• Performing quality reviews of TAQA’s interim and annual financial statements
• Providing professional advices/feedback on proposed developments such as new systems and policies & procedures.
• Participating in developing TAQA’s Internal Audit strategy & plan.
• Participating in the development and training of internal audit team/resources.
• Reporting to the Chief Audit Executive (CAE), and presuming the function responsibilities in his absence (i.e. Acting CAE).
- Identifying risks and evaluating controls for Project Management and Construction Contracts.
- Investigate, solve and report fraud cases.
- Review, solve and report potential areas for improvement.
- Planning, scheduling, and managing audits.
- Reviewing Corporate Governance requirements.
- Reporting functionally to the Board Audit Committee, and administratively to the President & CEO.
- Secretary of the Board of Directors.
- Secretary of the Board Audit Committee.
•Preparing annual audit plan for Functional Audit Assignments. Functional audit covers Accounting & Finance, Purchasing, Warehousing, Human resources, Equipment Services, Subsidiaries… etc.
•Preparing the quarterly and annual audit reports submitted to the Board Audit Committee.
•Managing and supervising both Functional and Special Audit Assignments.
•Managing fraud cases investigation and whistle-blowing activities.
•Managing the administrative work including: budgeting, training, employees’ evaluations, recruitment & personnel …. etc.
• Reporting to the Chief Internal Auditor.
I was also assigned to be a:
•Coordinator with External Auditors to finalize quarterly and yearly audits.
•Coordinator with consultants to conduct an audit about corruption & business code of conduct and ethics.
•Non-executive member of Fixed Assets Disposal committee (Observer).
I had an extensive experience in field of auditing in various fields like industrial, trading, retail, services...etc. Additionally, I have also an extensive experience in performing special business advisory engagements including “due diligence” and “agreed upon procedures”.
Below are the major responsibilities assigned to me:
• Prepare the financial statements including consolidation, which are technically correct, complete, and in accordance with the Accounting and auditing standards.
• Understanding Client’s working industry using different techniques.
• Identifies risk areas and internal control weakness
•Seek to understand the key systems and controls in place at the client and the implications of their absence.
• Develop a thorough knowledge of the client business and a general knowledge of their industry to discuss issues.
• Take the responsibility for the supervision of the work within the audit strategy.
• Promptly draws problems to management’s attention and provide solutions for such problems.
• Manage, coaches and supports staff takes responsibility for own self-development and eager to learn new skills.
• Identify and develop high-potential people.
• Reporting to Audit Director and Partner
Senior accountant
Reporting to General Manager
Senior accountant
Reporting to Finance Manager
Main Project: Ultman z-score for predicting failure of companies.