Mahmoud Al-masry

Internal audit | Governance | Risk | Compliance

• Conducts audits for management to assess effectiveness of controls, accuracy of financial records and efficiency of operations.
* Identifies measures and prioritized the risk in the audit processes to address the auditable areas of greatest signifiance and determines the scope of the audit.
• Analyzes data obtained for evidence of deficiencies in controls, duplication of effort, fraud, or lack of compliance with laws, government regulations, and management policies and procedures.
• Preparation of draft audit reports expressing objective opinions on the adequacy and effectiveness of internal control within which audit activities are carried out.
• Assist in the development of internal control / policy and procedures, protection and assurance of existing policies.
• Review areas to be audited and identify risks and controls.
• Testing the compliance of existing internal controls.
• Identifying the potential to improve operational efficiency.
• Conduct follow up of the agreed action plan with the concerned departments to ensure adequacy and timeliness of remedial action

• Conducts audits for management to assess effectiveness of controls, accuracy of financial records and efficiency of operations.
• Analyzes data obtained for evidence of deficiencies in controls, duplication of effort, fraud, or lack of compliance with laws, government regulations, and management policies and procedures.
• Preparation of draft audit reports expressing objective opinions on the adequacy and effectiveness of internal control within which audit activities are carried out.
• Assist in the development of internal control / policy and procedures, protection and assurance of existing policies.
• Review areas to be audited and identify risks and controls.
• Testing the compliance of existing internal controls.
• Identifying the potential to improve operational efficiency.
• Prepares reports of findings and recommendations for management.

During this tenure I have participated in professional audit of:
- Gulf Bank
- Al Amana Financing & Leasing Company (of AlGhanim Group)
- El Soor Financial & Leasing Company (of Al Mulla Group)

 Maintaining suppliers and accounts payable records
 Preparing monthly payroll and accounting vacation & other staff benefits
 Organizing and maintaining up to date financial records
 Preparing and verifying expenses and maintaining petty cash
 Maintaining company’s bank accounts and periodical reconciliation
 Follow up accounts for suppliers and settlement of their dues on timely basis
 Monitoring inventory and reconciling it to accounting system periodically, and Maintaining accounts and monitoring receivable and accounts payable balances.
 Prepare checks for suppliers and employees.

Bookkeeping and accounting for transactions relating to daily operations
 Organizing and maintaining up to date financial records in computerized system
 Follow up of accounts for suppliers and settling their dues promptly
 Reconciliation of the Company’s bank accounts
 Handling Visa transactions with bankers in conformity with daily sales
 Preparing and verifying expenses and accounting for petty cash.
 Preparing monthly payroll of more than 500 employees, and
 Preparing daily sales reports for presentation to management for each store.