Audit And Compliance Manager
Confidential
Total years of experience :9 years, 9 Months
- Developing risk-based audit plans for business units and functions and their execution thereof.
- Identification of control gaps and weaknesses by reviewing key business processes.
- Developing policies and manuals required as per Code of Corporate Governance applicable in UAE.
- Research for best practice concepts in the field to resolve any quires, cause or risks raised by the Auditee.
- Partnering management and making pragmatic recommendations to mitigate risks and close control gaps.
- Follow-up with management for corrective actions on significant deficiencies and findings.
- Performance of investigations and business integrity cases as required by management or identified through whistle blowing channel.
- Coordinating on closure meeting with key stakeholders prior to issuing the final report.
- Providing in-house training on various aspects of Internal Auditing, Compliance and Business Improvement process.
- Proactively building and managing effective client relationships
- Development of annual audit plan and tracking the progress of engagements
- Planning and supervision of audit engagements with varying degrees of complexity
- Development of audit staff, assisting them in understanding audit procedures and effective audit documentation and completion of performance evaluations
- Reviewing of financial statements and audit working papers prepared by the auditors
- Supporting clients in preparation of financial statements in compliance with IFRS, UAE laws and directives issued by regulatory authorities
- Participation in decision making for critical matters with the managers and audit partners
Audit & Assurance Related Assignments
- Overall engagement planning including meetings with clients and design audit strategies in consultation with the engagement partner and managers
- Understanding the nature of the client’s business through PEST analysis and performing analytical reviews
- Evaluation of internal controls, identifying control weaknesses and recommending appropriate practices to management and/or those charged with governance.
- Design and performance of audit procedures and recording the audit work in audit software (Caseware)
- Delegation and supervision of supporting staff to effectively conclude the assignment within the budgeted hours.
- Preparation of final deliverables including Audit Report, LOR, Management Letter, Summary of Significant Issues and Financial Statements in accordance with IFRS.
Accounting & VAT Advisory Services
- Provided inhouse trainings to client’s staff at the implementation stage of VAT in UAE
- Business Process Mapping, Transactional Analysis and software upgradation for VAT implementation
- Conducting accounting tasks for outsourced assignments comprising following;
- Compilation and analysis of accounting information and maintenance of respective schedules
- Preparation of Balance Sheet, Profit and Loss and other MIS reports
- Identifying key risks, developing procedures to address them and developing overall audit strategy.
- Evaluating the efficiency and design of internal controls and proposing appropriate recommendations to those charged with governance.
- Supervising and assisting junior team members to ensure appropriate quality of work.
- Preparation of final deliverables and other client communications, ensuring compliance with all applicable regulatory and accounting frameworks.
- Establishing positive working relationships with clients.
- Ensuring engagements are properly supervised and managing time budgets
As an Audit associate my responsibilities encompass the following,
• Formulation of internal control policies relating to financial and human resource matters.
• Application and verification of control checks over the financial reporting system.
• Discussion and meetings with Director and various levels of client’s management.
• Preparation of purchase rate variances while comparing with market rates.
• Verification of all sorts of payment vouchers before payments to be made.
• Preparation of stock reconciliations on daily basis.
• Reporting the work pendency’s of different working departments directly to the Director on daily basis.
• Reporting to the Director on monthly basis regarding major weaknesses in the financial reporting and internal control system.
• Drafting the recommendations regarding critical areas of the monthly report.