Muhammad Owais Mukati, Advisor on Quality Audit

Muhammad Owais Mukati

Advisor on Quality Audit

Institute of Chartered Accountants of Pakistan

Location
Pakistan - Karachi
Education
High school or equivalent, Commerce
Experience
10 years, 0 Months

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Work Experience

Total years of experience :10 years, 0 Months

Advisor on Quality Audit at Institute of Chartered Accountants of Pakistan
  • Pakistan - Karachi
  • My current job since July 2021

Current responsibilities include mainly developing documentation for Audit Practice & Support Program initiated by ICAP based on IFAC SMOs for quality review of audit firms, other than those which are mandatorily required regular QCR review. In addition responsibilities include facilitation to ICAP Committee on Fiscal Laws and and other development assignments. Upto December 2020 have worked for ICAP Quality Assurance Department conducting QCR Reviews of Audit firms, including financial statements review for compliance of IFRS, ISAs and local regulatory requirements. Attended meetings of the Quality Assurance Board and involved in preparing minutes and Implementation Report. Also involved in developing audit programs and checklists for QCR assignments.


Have worked for ICAP technical committees viz. Committee on Fiscal Laws and Economic Advisory & Government Relations Committee. As the Secretary. my responsibilities included drafting of tax proposals for Federal and Provincial budgets based on ICAP recommendations, and research on economic issues for ICAP publications. Other responsibilities included technical update for ICAP newsletter and evaluation of annual reports for the Best Corporate and Sustainability Report Awards and SAFA Awards (a joint project of ICAP and ICMAP)

Audit Manager at Anjum Asim Shahid Rehman
  • Great Britain (UK)
  • January 2007 to January 2008

Responsible for Internal Audit client portfolio. Also
carried out special assignment viz. Agreed Upon
Procedure. Completed training of Grant Thorton Audit
Risk Assessment & Planning program.

General Manager at Finance
  • United Arab Emirates
  • January 2004 to January 2006

Lucky Textile Mills, Karachi
Reporting to Chief Executive mainly advising on
development and implementation of internal control
procedures, inventory management, and review of
costing records, besides other routine finance function.

Chief Internal Auditor at Liaquat National Hospital
  • Great Britain (UK)
  • January 2000 to January 2002

Mainly responsible for reporting to the Governing Body
on audit findings related to fixed assets, inventory and
operations. As an initiative, worked for revamping of
audit function to make it risk based post-audit function.
Supervised pre-audit function. Also involved in
developing SOP for implementation of ERP based IT
applications

Chartered Accountant at Professional Practice Practiced
  • January 1998 to January 2000

” and provided
advice/service to clients mainly development and
implementation of internal controls and procedures.

Education

High school or equivalent, Commerce
  • at Government National College
  • January 1986

Bachelor of Commerce (B.Com.) degree (Graduation)

High school or equivalent, Science
  • at Pakistan Embassy School
  • January 1981

Secondary School Certificate from Federal Board of Islamabad.

Specialties & Skills

Internal Audit
Internal Controls
CUSTOMER RELATIONS
INVENTORY MANAGEMENT
REPORTS
FINANCE
FIXED ASSETS
RISK ASSESSMENT
ACCOUNTANCY
BILLING

Languages

English
Expert

Memberships

Institute of Chartered Accountants of Pakistan
  • Executive
  • September 2019
Institute of Chartered Accountants of Pakistan
  • Executive
  • September 1994

Training and Certifications

Directors Training Program (Certificate)
Date Attended:
July 2017

Hobbies

  • Reading newspaper and professional books/Articles, Swimming and Travelling
    On writing Article in ICAP periodical 'The Accountant'