Mishary AlKharas

• Heading Internal Audit function activities and maintain its efficiency and effectiveness.
• Promote Internal Audit as an added value function and management’s partner in achieving business
strategic goals and vision
• Prepare Risk Based Audit Plan and evaluate the high risk areas to obtain reasonable assurance that controls are in
place and operating effectively to mitigate relevant risks and adherence to applicable policies, procedures and
regulatory requirements
• Supervise the audit plan as scheduled and ensure the allocation and effectiveness of resources available to
accomplish deadline targets.
• Supervise and manage Internal Audit function activities and ensure resources are managed and efficiently utilized.

• Carrying out Risk Based Audit Plan and evaluate the high risk areas to obtain reasonable assurance that controls are
in place and operating effectively to mitigate relevant risks and adherence to applicable policies, procedures and
regulatory requirements
• Implement and / or supervise the audit plan as scheduled and ensure the allocation and effectiveness of resources
available to accomplish deadline targets.
• Participate on quarterly basis in assessing the ERM of the company and ensure its adequacy.
• Undertakes special investigations and assignments whenever requested
• Participate in the follows-up of all recommendations/ comments to ensure corrective actions are taken

• Facilitates and coordinates with Board Audit Committee as Head of Internal Audit throughout reports and work
achievements
• Develops and maintains an Internal Audit Manual covering internal audit policies, procedures and practices to ensure
effective and efficient use of internal audit resources consistent with the Internal Audit Charter
• Carrying out Risk Based Audit Plan and evaluate the high risk areas and obtain reasonable assurance that controls are
in place and operating effectively to mitigate relevant risks.
• Undertakes special investigations and assignments when requested by the CEO and/or the Audit Committee
• Facilitates and coordinates with external auditors, ICR and State of Audit Bureau (SAB) inspectors
• Follows-up on all recommendations/ comments made by the above bodies to ensure corrective actions are taken

• Plans and conducts internal audit of various department functions including operational, financial, and branch audits
• Auditor In-charge of the assignments, by leading the assignment and auditors during the fieldwork
• Performs special projects and reviews, as assigned
• Creates and develop audit programs, plans and executes audits in accordance with IIA Standards
• Identifies and report key control weaknesses in the processes, system or function being audited using easy-to-
understand reports.
• Follows up on audit recommendations to assure implementation of promised corrective action.

• Conducts self in an appropriate manner as a representative of IAD, working effectively in a diverse work environment.
• Performs special projects and reviews, as assigned.
• Plans and conducts internal audit of various department functions including operational, financial, and branch audits.
• Creates and develops audit programs; plans and executes audits in accordance with The Institute of Internal Auditors (IIA).
• Reviews internal policies and procedures to ensure they are written clearly, comprehensively, provide sufficient internal controls, and are in compliance with CBK, CMA, and Bank’s regulations.
• Monitors implementation procedures to correct potential or identified internal control problems or weaknesses which include providing technical advice and instruction and follows up to assure the deficiencies have been addressed.
• Identifies key control points and weaknesses in the system or function being audited. Develops innovative and creative recommendations for correcting unsatisfactory conditions, improving operations, and reducing cost.
• Documents audit work and findings, and prepare audit work papers.
• Prepares written reports, expressing opinion on the adequacy, effectiveness and efficiency of the system or function under review, and presents findings to affected managers.
• Reviews work papers and reports of the manager.
• Coordinates and conducts exit audit conferences with Senior Management and the General Manager.
• Follows up on audit recommendations to assure implementation of promised corrective action.

• Perform and control the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations.
• Determine internal audit scope and develop annual plans.
• Obtain, analyze and evaluate accounting documentation, previous reports, data, flowcharts etc.
• Prepare and present reports that reflect audit’s results and document process.
• Maintain open communication with management.
• Document process and prepare audit findings memorandum
• Conduct follow up audits to monitor management’s interventions
• Engage to continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques and performance standards

- Preparing the engagement letter to the companies.
- Understating the audit plan with the Senior Auditor. and co-ordinate with him to determine the scope of work.
- Prepare the business understanding and design the workflow and cycles of the company's departments.
- Prepare the cutoff, Journal Vouchers, Bank Reconciliations tests.
- Test the General and Administration expenses (i.e.: Salaries, Rents) that comes in Statement of Income.
- Test Statement of Income different elements (i.e.: Revenues, Expenses, Depreciation, Amortization)
- Test Statement of Financial Position (i.e.: Cash, A/R, Inventory, Due from/to Related Parties, Fixed Assets, A/P, End of Service Indemnity, ... etc.)
- Preparing the Draft Financial Statements along with the notes.
- Understanding the IFRS to oversea the company's commitment to it.