Senior Manager Internal Audit and Business Assurance Services
N R Doshi & Partners ( a member firm of DFK International)
Total years of experience :22 years, 10 Months
Internal Audit
• Established a new set up of Internal Audit department for the Firm.
• Bringing the business - Internal Audit Clients, started from scratch and now within a year time have a portfolio of 10 major clients including Group of Companies.
• Planning, Executing and Finalizing Internal Audit Assignments i.e. Operational Audits, Compliance Testing & Information System Assignments.
• Presenting Internal Audit reports including Investigation Reports, Cost Analysis Reports, Fraud Incident Reports and Internal Control Evaluation Reports for the Owners/Board of Directors of the Entities.
Statutory Audit
• Planning, executing and completing statutory audits that includes:
Responsibility for conducting reviews of the field work of audit teams;
Supervision and review of work of audit staff;
Examination and analysis of financial statements to assist in forming audit opinion;
Reporting to engagement partners and directors of the firm; and
Establishing and strengthening of cordial relationship through liasions at various levels of client personnel including top management.
• Assisting the audit partner/director in development of audit strategy and audit plan, which involves system review, risk analysis and development of audit tests aimed at reducing audit risks.
• Providing training and coaching to junior staff and support professional growth of team members.
• Assisting the clients in accounting functions and preparation of financial statements in the light of International Accounting Standards and accounting practices in respect of the following significant sector companies’ i.e. Construction Industry, Hospitality Groups, Oil and Gas Sector, Banks, Consumer and Industrial Product Sector companies, Hotel Industry and Real Estate Developer Entities according to statutory requirements.
1) Planning, Executing and Finalizing Internal Audit Assignments i.e, Operational Audits, Compliance Testing, & Information System Assignments for the Group Entities;
2) Preparing and presenting various audit reports including Internal Audit Reports, Cost Analysis Reports, and Audit Reports for the Owners of the Group, and Internal Control Evaluation Reports;
3) Obtaining an understanding of the Group’s business objectives and strategies in the context of industry and environment in which the Group operates in order to identify strategic business and financial statement risks and evaluating the Group’s processes for managing these risks;
4) Being in-charge of field work assignments and assisting the audit team in their field work.
5) Liaison with external auditors for statutory audits.
6) Identifying financial statements risks, their relevant controls and evaluation of those controls;
7) Ensuring accuracy and compliance of financial record with established accounting standards, procedures and internal controls;
8) Recommending improvements to internal control systems followed by review and evaluation of their adequacy and effectiveness to achieve the organizational objectives more effectively and efficiently;
9) Risk Assessment in various components of the business and evaluation of risk management, governance and control processes;
10) Identifying, investigating and evaluating audit findings;
11) Ensuring thorough and timely execution of audit tasks with appropriate follow-up;
12) Developing, restructuring and evaluating internal control systems;
13) Preparing and getting approval of Annual Audit plans and monitoring audit time budgets.
1) Planning, execution and completion of various audit assignments that included :
a) Responsibilities for conducting reviews of the field work of audit teams;
b) Supervision and review of work of audit staff;
c) Examination and analysis of financial statements to assist in forming audit opinion;
d) Reporting to engagement partners and directors of the firm; and
e) Establishing and strengthening of cordial relationship through liasions at various levels of client personnel including top management.
2) Assisted the audit manager/director in development of audit strategy and audit plan, which involves system review, risk analysis and development of audit tests aimed at reducing audit risks
3) Provided training and coaching to junior staff and support professional growth of team members
4) Assisted the clients in accounting functions and preparation of financial statements in the light of International Accounting Standards and accounting practices in respect of the following significant sector companies’ i.e. Construction Industry, Jumeirah Group, Oil and Gas Sector, Banks, Consumer and Industrial Product Sector companies, Hotel Industry and Dubai Holding Group Entities according to statutory requirements.
5) During my professional experience with PwC Dubai, I have had wide exposure to different organizations accounts and management styles. These organizations belong to different sectors of the industry and represent a varied mixture of organizational, financial and managerial set ups, significant of which are:
i) Sama Dubai - a member company of Dubai Holding Group
ii) Jumeirah International - Dubai office and Jumeirah Hospitality
iii) Shell Exploration and Production Industrial Products
iv) ETA, Voltas and Hitachi Joint Venture - BurjKhalifa Tower
v) Dubai Refreshment Company - distributor of Pepsi Cola product in MENA region
vi) KMC Oil tools Cayman Limited
vii Lyolds Bank TSB plc.
viii) Industrial and Financial Systems - design and develop ERP systems
ix) Le Meridian Hotels - Dubai
x) Fairmont Hotels - Dubai
xi) Sun and Sands Sports (distributors of Nike, Timberland and Puma sports products in UAE)
xii) Smith International Gulf Services; and
xiii) TeCom Investments
1) Carry out the audit of brokers registered with Stock Exchanges of Pakistan and to check their compliance with the rules and regulations of Stock Exchange and Security and Exchange Commission of Pakistan (SECP).
2) Reporting to the Chief Internal Auditor in Head Office for the audit work of brokers.
3) To determine, manage & control the functions of branch. Preparation of financial results, preparation of accounts and ensuring the compliance of all legal and procedural requirement of financial process.
4) Managing the financial performance of branch and undertaking all the reports (internal or external), undertaken by branches with overseeing following areas of Accounts.
5) Timely preparation of annual accounts together with the schedules and notes for early completion of statutory audit and also timely preparation of monthly quarterly and half yearly accounts for management.
6) Preparation & monitoring of budgets.
7) Dealing with banks on treasury matters.
8) Supervision of collection of receivables and managing payables.
9) Management of cash flows and suggesting management for cost reduction and co-operating other departmental managers for the same.
10) Responsible for overlooking day-to-day activities of Revenue Operations department about payments, receipts and late payments.
11) Verifying payments and ensuring compliance with agreed terms and conditions as contract.
12) In charge of settlement of all customer accounts receivables and payables for payment.
13) Preparing daily banking according to projects and their respective bank accounts.
Clients visited during the six years included significant listed and non-listed companies in manufacturing and oil sector, financial institutions, retail networks and many development sector organizations.
Fellow Member of the professional body My overalll GPA was in A grades
My overall passing grade was A
My overall GPA was in A grades
Member of PIPFA professional body
Passed in A Grades
My overal GPA was A