Auditor
Puthran Chartered Accountants and management consultancy
Total years of experience :12 years, 10 Months
Puthran Chartered Accountants, an approved auditor by all the banks in UAE and Free Zone authorities, is well renowned name in chartered accountancy field having offices in Dubai and Sharjah, U.A.E
JOB ACHIEVEMENTS:
i.Drove revenue up by 80% executing 60% more audits in current year;
ii.100% client satisfactory performance with Nil complaints;
iii.40% reduction in cost of audit being timely completion of assignments;
iv.Well versed with the knowledge of various industries in perspective of UAE; and
v.Single handily manage whole audit assignments from planning up to finalization of financial statements .
JOB RESPONSIBILITIES:
•Plan, budget, organize, and execute the entire audit job including identification of control risks & key risky areas.
•Use clients MIS (such as SAP, Peachtree, Tally, Quick Books, Focus) to extract report for audit purposes.
•Prepare financial statements (standalone, combined and consolidated), management letters to highlight control weaknesses and process improvements, group report package, representation letter, audit reports and review report.
•Help client to ensure compliance with UAE Federal Laws.
•Provide VAT consultancy to clients in various industries regarding application, registration (group/single entity), implication (exempted, zero rated and standard rates), understanding & filling of returns and payment of tax.
INDUSTRIES INCLUDE:
i. Trading
ii. Manufacturing
iii. Real Estate
iv. Construction
v. Textile
vi. Service provider
vii. IT consultants
Oryza Organics (Private). Limited is JV company of Commerce & Sourcing House (Hong Kong) Ltd, and are specialized in fresh and marine water fish feed, shrimp feed, Equine feeds and the Stabilized rice bran.
JOB ACHIEVEMENTS:
i. Completion of annual audit within 2 weeks as compared to previous year of 2 months;
ii. Sanctioned of OD facility from well renowned local bank of and got it upgraded within the period of just 3 months;
iii. Effectively managed the distribution of material, reducing waste and cutting material cost by 15%;
iv. Designed direct mail campaign that achieve 9% conversion rate; and
v. Improved the accuracy of budget and forecast.
During my stay, I was directly reportable to CEO of the company. I was accountable for;
JOB RESPONSIBILITIES:
•Executed Financial Statement Closing Process (FSCP) for accurate and timely reporting;
•Ensured strict compliance of controls over Banking Operations, including opening & closing of bank accounts, bank reconciliations, payments, receipts and cash management;
•Performed Margin Analysis on various products, segments and customers to identify category wise profitability;
•Ensured accuracy, correctness and completeness of Accounts Receivable, Accounts Payable and Payroll backed by proper documentations and active involvement in procurement (material, logistics);
•Re-measured Cost Systems of products for pricing, profitability, overhead allocation;
•Performs budget variance analysis to evaluate effectiveness of budgeting process; and
•Liaised with auditor, tax adviser, and legal adviser to ensure compliance with local laws.
During my stay at CA firms, I was involved in various assignments which include;
•Full scope audit to limited compliance reviews,
•Agreed upon procedures,
•Internal Audit Assignments;
•Book keeping; and
•Special certifications in accordance with the regulatory requirements.
The following bullets describe the major tasks I performed during my professional experience:
•Planning, budgeting, organizing, and controlling the entire job including identification of control risk & key risky areas.
•Use of clients’ accounting systems (such as Peachtree, Tally, Quick Books) to extract report for audit purposes.
•Establishing good professional relationship with the client’s management and assisting them to resolve technical issues relating to specific accounting treatments.
•Liaising with client, legal experts, Directors, Partners, and other managerial staff at all levels.
•Extensive application of the International Financial Reporting Standards (IFRS’s) and reviewing financial statements to ensure compliance therewith.
•Performing financial statement analysis including horizontal analysis, vertical analysis and ratio analysis.
•Actively involved in ensuring compliance with Taxation as per Income Tax Ordinance 2001, Sales Tax Act 1990 and value added tax of Pakistan, other local laws applicable in Pakistan and UAE federal laws of commercial companies & labor laws.
•Involved in preparation of financial statements (standalone and consolidated), management letters for highlighting control weaknesses and process improvements, group reporting package, audit reports, review reports and highlight memorandum.
Chartered Accountancy is the Highest Accounting, F