Audit Supervisor
Kpmg Lower Gulf Limited
Total des années d'expérience :14 years, 6 Mois
• Initial planning of the job, identification of control risks, mega major process and key risky areas
• Conducting, planning, budgeting, organizing, controlling and reviewing the entire job.
• Understanding internal controls and conducting system reviews with the objective of recommending improvements and reviewing financial statements to ensure compliance with local GAAPs, International Financial Reporting Standards (IFRSs) and KPMG Audit Methodology
• Planning and scheduling of audit programs and ensuring timely completion of audits with the use of KPMG Audit Methodology and the software i.e. e-Audit
• Reviewing the working papers of the audit team members and getting it reviewed by the engagement partner
• Preparing and submission of international reporting of multinational corporations (MNCs) deliverables
• Extensive application of the International Financial Reporting Standards (IFRS’s) and reviewing financial statements to ensure compliance therewith
• Preparation of client deliverables and reports such as, management letter (ML), identifying control weaknesses, its risk implications and recommendations
• Promoting firm’s quality control procedures and policies in order to ensure compliance with independence and ethical requirements as issued by IFAC
• Attending client meetings with partner and discussing the audit findings and issues
• Establishing good professional relationship with the client’s management and assisting them to resolve technical issues relating to specific accounting treatments
• Liaising with clients, KPMG experts, External experts, Directors, Partners and KPMG other offices
• Statutory audits which include analysis and reviews of financial statements including cash flow statements of various industry clients. Scope of work, interalia, included ensuring compliance with management policies.
• Identification of weaknesses in the system for potential risks and examining financial statements to ensure compliance with National and International Reporting Frameworks, primarily comprising of International Financial Reporting Standards (IFRSs)
• Internal audits with KPMG approaches.
• Core responsibilities included planning risk assessments, understanding the business, scoping and assessing the key risks, development and implementation of Improvement Plans
• Compilation of financial statements in compliance with IFRSs as applicable in Pakistan and Companies Ordinance 1984 while assessing various areas of financial statements such as employee benefits, taxation, foreign currency transactions etc
• Documentation and review of system documentation and policies which includes preparation of system documentation in the form of Transaction Flow Reviews (TFRs), Policies & Procedures Manuals, Segregation of Duty (SOD) matrices; carrying out detailed risk and control evaluation for significant business processes and development of initiatives/recommendations to rectify any control gaps identified
• Performance and Technical Audits and includes assessment of effectiveness, efficiency and economy with which resources were utilized
• Incorporation/Registration of companies with SECP
• Filling of Form - A, Form - 29 and various statutory Returns to SECP
• Compliance with applicable statutory legislatures including The Companies Ordinance 1984, Code of Corporate Governance, Income Tax Ordinance