Muhammad Mudassar Umar

Evaluate the adequacy and functioning of the organization’s risk management, control & governance processes to ensuring that risks are appropriately identified and managed. I also make sure that significant financial, managerial and operational information is accurate, reliable and timely with quality and continuous improvement is fostered in the organization’s control process.
I also make sure that employees’ actions are in compliance with policies, standards, procedures and applicable laws & regulation and significant legislative or regulatory issues impacting the organization are recognized and addressed properly.

Acting as the Internal Audit Manager, I am directly reporting to Audit Committee on my evaluation of the adequacy and functioning of the organization’s risk management, control & governance processes to ensuring that risks are appropriately identified and managed. I also make sure that significant financial, managerial and operational information is accurate, reliable and timely with quality and continuous improvement is fostered in the organization’s control process.
I also make sure that employees’ actions are in compliance with policies, standards, procedures and applicable laws & regulation and significant legislative or regulatory issues impacting the organization are recognized and addressed properly.

As an Assistant Manager Audit & Assurance, I was responsible for planning execution and completion of annual audits, interim reviews, internal audit and consultancy assignments. During my stay in Moore Stephens International, I was involved in the audit of large entities with diversified operations and complex group structure that gives me an insight view of the operational structure of the organizations. I was also responsible to prepare or review the standalone or consolidated financial statements for local or foreign reporting under SOCPA & IFRS. The audit experience gave me insight into different industries including automotive, construction, trading, services, hospitality, real estate and aviation. The audit of groups enabled me to practically apply my knowledge of consolidation and prepare the consolidated financial statements. I also being involved in consultancy and internal audit assignments which gives me an opportunity to use my knowledge in the area of Performance Management of the organizations and improve my skills other than the audit function. As part of my responsibilities, I used to supervise audit teams and provide them guidance.

As an Audit Supervisor, my responsibilities included planning, execution and completion of Statutory Audits of large and medium-size companies. I was also responsible to prepare the standalone and consolidated financial statements under IFRS. I was involved in the audit of multiple large companies with diversified operational divisions. I used to lead the teams of different sizes and guided them to perform the audit in according to Deloitte's audit methodology. The high regulatory requirements in Pakistan gives me the opportunity to familiarize myself to work in the highly regulated environment and also to prepare detailed financial statements that meet the disclosure requirements. I was also involved in the consolidation process of group audits that enabled me to use my knowledge in practice. Many of my the clients were listed Companies in my port folio. Working at Deloitte helped me to sharpen my skills to handle multiple assignments at the same time and within a tight schedule due to the filing requirements of listed companies.

The secondment was for a short period of three months. A planned audit schedule was provided that must be followed in order to avoid delays in starting work on other clients. I completed all my assigned work within the given time which improves my management skills. I was involved in audit of multinational companies and group audits.