Mohamed Magdy fouad, CPA

Highlights:
• Played the role of Senior Manager on the audit engagements, ensuring timely completion of all audit assignments.
• Acted as a Lead Audit Senior Manager for handling, managing and delivering Saudi bin Ladin Group Audit in KSA.
• Managed and completed all audits digital audit tools (data analytics and Robots).
• Efficiently managed the portfolio worth exceeding $ 1.7 M.
• Skillfully negotiated the audit fees with clients and increased the fees of major clients in the portfolio by 50%.
• Opportunities explorer with an average of $ 700 K new business confirmed and signed Engagement letters each year.
• Participated in financial statements conversion from local GAAP to IFRS first time adoption.
• Certified live and virtual facilitator for Academic programs among EY MENA.
• Secured Rate 1 (Best File) in Audit Quality review done in Jeddah, Saudi Arabia (2017).
• Shukran Star award (Thank you Award) from EY MENA in recognition of outstanding performance and achievement in quality and technical excellence (Mar & Sep 2018) and Bettus us: Teaming (May 2021)
• Ranked no. 3 in the MENA region in the Manager Assessment Center (MAC) exam and promoted to the position of Manager in 2018.
• Coach and Facilitator for Intermediate Senior Programs Courses to Senior.
• Coach and Facilitator for apply digital audit in EY KSA.

Responsibilities:
• Support a portfolio of engagements, by leading a team of Assistant Managers, Seniors and Associates; ensure that the team delivers timely and high-quality work, as per EY methodology and in line with the engagement team expectations.
• Demonstrate a strong understanding of EY methodology in service delivery and supporting various quality projects like pre-issuance reviews, audit-related quality reviews, efficiency projects or others, if any.
• Monitor and review the fieldwork on assigned clients, assist in setting budgets and pricing, scheduling audits, selecting staff, and assigning workloads as well as developing the audit strategy within the EY Audit Methodology.
• Lead audit assignments for clients across diverse sectors to ensure compliance in financial & operational areas.
• Lead and manage the audit team on large assignments while managing all facets of audit engagements including budgeting, planning, execution, finalization and billings.
• Perform detailed review of financial statements keeping in mind the reliability and relevance; ensure that the financial statements are in compliance with IFRS and local requirements.
• Allocate budget and time to assignments, explaining variances from budget & collecting cash on time; ensure completion of audits within agreed timescales & budgets.
• Prepare audit reports succinctly presenting audit findings, root causes and recommendations for corrective action on a monthly or yearly basis.
• Identify and communicate accounting & auditing-related matters/issues to both clients and senior management; apply new and emerging developments in accounting in servicing clients.
• Build and maintain an appropriate external network of business contacts; coordinate with clients to ensure that the audit team is provided with required documentation and financial information.

Highlights:
• Played the role of Manager on the audit engagements, ensuring timely completion of all audit assignments.
• Acted as a Lead Audit Manager for handling, managing and delivering Saudi bin Ladin Group Audit in KSA.
• Managed and completed all audits digital audit tools (data analytics and Robots).
• Efficiently managed the portfolio worth exceeding $ 1.7 M.
• Skillfully negotiated the audit fees with clients and increased the fees of major clients in the portfolio by 50%.
• Opportunities explorer with an average of $ 700 K new business confirmed and signed Engagement letters each year.
• Participated in financial statements conversion from local GAAP to IFRS first time adoption.
• Certified live and virtual facilitator for Academic programs among EY MENA.
• Secured Rate 1 (Best File) in Audit Quality review done in Jeddah, Saudi Arabia (2017).
• Shukran Star award (Thank you Award) from EY MENA in recognition of outstanding performance and achievement in quality and technical excellence (Mar & Sep 2018) and Bettus us: Teaming (May 2021)
• Ranked no. 3 in the MENA region in the Manager Assessment Center (MAC) exam and promoted to the position of Manager in 2018.
• Coach and Facilitator for Intermediate Senior Programs Courses to Senior.
• Coach and Facilitator for apply digital audit in EY KSA.

Responsibilities:
• Support a portfolio of engagements, by leading a team of Assistant Managers, Seniors and Associates; ensure that the team delivers timely and high-quality work, as per EY methodology and in line with the engagement team expectations.
• Demonstrate a strong understanding of EY methodology in service delivery and supporting various quality projects like pre-issuance reviews, audit-related quality reviews, efficiency projects or others, if any.
• Monitor and review the fieldwork on assigned clients, assist in setting budgets and pricing, scheduling audits, selecting staff, and assigning workloads as well as developing the audit strategy within the EY Audit Methodology.
• Lead audit assignments for clients across diverse sectors to ensure compliance in financial & operational areas.
• Lead and manage the audit team on large assignments while managing all facets of audit engagements including budgeting, planning, execution, finalization and billings.
• Perform detailed review of financial statements keeping in mind the reliability and relevance; ensure that the financial statements are in compliance with IFRS and local requirements.
• Allocate budget and time to assignments, explaining variances from budget & collecting cash on time; ensure completion of audits within agreed timescales & budgets.
• Prepare audit reports succinctly presenting audit findings, root causes and recommendations for corrective action on a monthly or yearly basis.
• Identify and communicate accounting & auditing-related matters/issues to both clients and senior management; apply new and emerging developments in accounting in servicing clients.
• Build and maintain an appropriate external network of business contacts; coordinate with clients to ensure that the audit team is provided with required documentation and financial information.

Responsibilities:
• Responsible for completing client engagements, while developing strong working relationships with clients and building a strong understanding of their business and challenges.
• Planned and led external audit and review of standalone and group consolidated financial statements in accordance with the requirements of ISAs and relevant national and international legal and regulatory requirements.
• Gained the understanding of clients’ needs and expectations, their business and industry, assessed risk and evaluated the clients’ internal control structure as well as identified and resolved any client issues.
• Assisted in planning and conducting the audit, review and compilation engagements in a timely manner.
• Reviewed the work done by the team members and submitted to the managers and partners for further review.
• Discussed workflow management with the audit teams, allocated resources to the assigned work, and monitored performance against standards. Monitored utilization of the team, budget to actuals, and other operational matters.
• Effectively delegated the work based on risk, engagement status, and staff development opportunities; assisted in preparing engagement reports of findings and recommendations.
• Prepared financial statements as per International Financial Reporting Standards (IFRS) and local GAAP.

Key Clientele:

Manufacturing
• Nissan Motors Egypt
• Invensys Systems and Engineering
• Ahmed Zainy group for food Industries KSA.
• Pino Meroni for wood Industries.
• Future pipe industries.
• Aboudawood Group (P&G) KSA.
• Manar Al Omranscaffoldings, building materials (KSA)

Construction and Hospitality
• Saudi Binladin Group (KSA)
• AL Borg medical laboratories KSA.
• Arabtec Group KSA.
• Gulf Medical company limited (Naghi Group) (KSA).
• Naghi Medical Company limited (UAE).
• Thaker for Real Estate Investment (KSA)

Financial Sector
• Ahli United Bank - Egypt
• NSGB Life Insurance
• Arab Misr Insurance Group.

Retail and Wholesale
• United Matbouli Company (Sumsung) (KSA).
• Khaled Al haddad for telecom company (KSA).
• IKK group (KSA).
• Fitaihi group holding company (SJSC).
• Magrabi optical group.
• Aramex KSA

Oil and Gas
• APSCO KSA

Professional Services
• Precision Drilling (oil services)
• Denton wildesapte
• Fraport (professional services firm).
• Trowers& Hamlin (law office).
• Carlayle - Egypt
• Google

• Accountable to support the planning, execution and delivery of assurance and attestation engagements.
• Accountable to examine financial and accounting records of the client, review certain processes or procedures being performed, evaluate the effectiveness of internal control systems and offer solutions relevant to business and risk.
• Provided a range of Assurance services and business advice to a variety of clients from small organizations to large entities, assisting clients in resolving their complex business issues from strategy to execution.
• Worked alongside senior members of the client’s management team in planning the audit process from beginning to end, ensuring completeness, accuracy and fair presentation of client’s information.
• Built knowledge about risk management including understanding significant business processes, the regulation applicable to the client, other risks specific to a client’s business.
• Delivered the highest quality on every task assigned in line with EY global review methodology and the expectations of global engagement teams.
• Assisted in preparing reports and schedules delivered to clients and other parties.
• Developed and maintained productive working relationships with client personnel; built strong internal relationships within Ernst & Young Assurance and across other services.