Audit Senior
Deloitte & Touche
Total years of experience :33 years, 1 Months
Played a pivotal role in developing the KSA VAT compliance business for Deloitte (200+ clients), monitoring overall risk and
developing a strong team to manage the business
* Streamlined the VAT service process by implementing the SharePoint tool which helped in timely reporting and live
monitoring of the status of 200+ VAT returns
* Automated the process for translating invoices which helped in timely issuance of invoices to clients, improving early
collections and process efficiency
* Saved more than SAR 1 million in penalties and VAT liabilities of various clients by timely advising them on correct treatment
of VAT transactions and timely filing of VAT returns
* Finalized the audit of a new listed entity within a record time of 40 days as an
Prepared monthly, quarterly and yearly statutory and management accounts in accordance with the local GAAP
* Delivered quarterly and yearly Board of Directors presentations and Al Dabbagh Performance Excellence Dashboards
(APE - McKinsey)
* Built and maintained financial models for capital budgeting decisions, allocated resources and forecasted cash/investment
requirements
* Directed the execution of financial and accounting analyses and process improvements associated with budgeting and
forecasting, financial close and consolidation, management and financial reporting, cash management and program
accounting, working capital management, shared services, and financial transformation
* Approved ledger entries for both inter-company and intra-company transactions
* Liaised with external auditors and zakat consultants in completing audit and filing of zakat returns
* Prepared various MIS reports to analyze financial performance of the company
* Determined investment allocation, created comprehensive and highly structured business cases for proposed projects,
ascertained investment cost and benefits to scope, dependencies, risk, and its alignment to strategic objectives
* Reviewed internal controls and recommended enhancements
* Performed sensitivity and trend analyses to identify risks & opportunities in order to aid business decision-making
* Offered proactive thinking around resource allocation and business performance management
Managed the complete audit engagement from inception to delivery, to include planning, budgetary control, audit file review,
resolution of significant issues with Partner and clients
* Performed compliance audit fieldwork and review of work paper documentation to provide quality control over compliance
audits
* Evaluated audit control frameworks, risk management and governance
* Followed up and monitored the implementation of audit mitigations
* Tracked test results, evidential material, process narratives and related updates, and summary of deficiencies
* Discussed and communicated audit findings to management/audit committee in writing
* Prepared final audit deliverables - audit reports, management representation letters and closing audit presentations
* Managed relationship with auditees by keeping them informed of the timing of testing, providing them with sufficient notice
of lists or documents to have ready for review, and obtained their comments and commitments regarding any deficiencies
Managed a team of 5 members and lead audit engagements including risk assessments, audit planning, audit testing,
directing audit staff, controlling evaluation, audit report drafting, and follow-up and verification of issue closure
* Handled concurrent audits, tax audits & statutory audits of companies, partnership firms and sole proprietorships
* Carried out physical verification of inventory, cash and assets
* Provided continuous monitoring and build strong relationships with key stakeholders
* Communicated with partners at all levels, including developing and presenting audit findings, making recommendations to
improve controls, and communicating tough messages with sensitivity and respect
* Prepared balance sheet and Profit & Loss Account (PLA), complying with CARO-2004, Schedule VI of Companies Act
Financial Audits
* Financial Reporting
* Funds Management
* Process design/ Management
* Change Management
* Dataflow Oversight
* Budget Projections
* Statutory Audits
* Critical Thinking
Handled concurrent audits, tax audits & statutory audits of banks, companies, partnership firms, individuals and trusts
* Handled incorporation of companies, filed annual reports, annual accounts and other compliance related work
* Prepared and filed online income tax returns, VAT service tax returns and e-TDS returns
* Prepared and compiled books of accounts for companies, individuals and trusts
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