Muhammad Ovais Abdul Ghaffar, Director Audit and Tax

Muhammad Ovais Abdul Ghaffar

Director Audit and Tax

Grant Thornton

Location
Qatar
Education
Higher diploma, Associate Certified Public Accountants
Experience
21 years, 5 Months

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Work Experience

Total years of experience :21 years, 5 Months

Director Audit and Tax at Grant Thornton
  • Qatar - Doha
  • My current job since October 2009

Presently working with Grant Thornton Qatar in the capacity of Director Audit & Tax, working under the direct supervision of the Partner. Looking after overall operations of the firm. Dealing and building relationship with new clients. Planning for new lines of business. I am actively involved in reviewing the work of audit, advisory and tax related matters for the portfolio of over 150 clients. During my association I have been associated with the manufacturing, trading, construction and service companies. Brief description of my responsibilities includes:

- Looking after overall operations of the firm.

- Dealing and building relationship with new clients.

- Planning for new lines of business.

- Coordinating with different Grant Thornton member firms across America, Europe, Asia, Australasia and Middle East regarding the global proposals

- Resolution of queries at the time of assessment for obtaining tax clearance certificate, no objection certificates and tax assessments of the companies from Public Revenues and Taxes Department under Ministry of Economy and Finance of Qatar.


- Involved in tax advisory services like registration of the companies in Public Revenues and Taxes Department, procedures for closure of the companies in said department at the time of liquidation, change of partnership status, double tax treaty and efficient tax planning.

- Frequent advices on different tax matters to different Grant Thornton member firms and clients consistently.

-Review of annual income tax returns and withholding tax returns.

- Review of audit engagement planning, execution, budgeting, monitoring including staff management. Project management includes planning, managing and priorities work, complete tasks on an accurate and timely basis within budget.

- Analysis of financial information, financial appraisal, interpretation of financial data and handle multiple tasks to meet deadlines and targets.

- Delegating work to assistants, supervising and reviewing of work performed by them.

- Reviewing of financial statements to ensure compliance with relevant disclosures requirements as per the International Financial Reporting Standards, International Accounting Standards and local regulations and laws.

-Issuance of management letter to the client’s management, highlighting weaknesses in internal control procedures.

-Involved in advisory assignments like internal audit, preparation and implementation of business procedure manuals, feasibility studies and business valuations.

Assistant Manager Internal Audit at K Electric
  • Pakistan - Karachi
  • June 2009 to September 2009

Worked on 3 different assignments on business operations units.

Audit Senior at Deloitte Yousuf Adil Chartered Accountants
  • Pakistan - Karachi
  • December 2002 to May 2009

Previously I worked with Deloitte Yousuf Adil - Chartered Accountants in the capacity of Audit Senior. I have completed my five years mandatory work experience under Institute of Chartered Accountants of Pakistan (ICAP) from April 2003 to March 2008. During my association I have been associated with the finalization of oil and gas, power, banking and financial institutions, Manufacturing and trading companies and service companies, where areas of responsibilities were execution, planning and documenting audits, review of internal control system and draft recommendations for improvements therein, supervision and review of audit work carried out by audit staffs, assisting managers in finalizing reports, discussions and meetings with client’s management, preparation of financial statements and the related disclosures in accordance with International Financial Reporting Standards and International Accounting Standards and local relevant applicable laws.


During my association with Deloitte Yousuf Adil - Chartered Accountants. I was seconded to Deloitte Saudi Arabia (Riyadh) Office and United Arab Emirates (Dubai) Office from December 2006 to April 2007 and January 2008 to May 2008 respectively in the capacity of Audit Senior.

Education

Higher diploma, Associate Certified Public Accountants
  • at Association of Certified Public Accountant
  • February 2011
Higher diploma, Certified Financial Consultant
  • at Institute of Financial Consultant
  • February 2011
Higher diploma, CA Intermediate
  • at Institute of Chartered Accountants of Pakistan
  • May 2006
Master's degree, Economics
  • at University of Karachi
  • June 2005
Bachelor's degree, Commerce
  • at Bachelor's of Commerce
  • November 2002

Specialties & Skills

Company Turnaround
Financial Advisory
Auditing
taxation
Company Turnaround
Accounting Softwares Oracle, Sage, Quickbooks
Audit Sofrwares AS/2 and Voyager
Microsoft Excel, Word and Powerpoint

Languages

English
Expert
Urdu
Native Speaker
Arabic
Beginner

Memberships

Association of Certified Public Accountants UK
  • Accounting
  • February 2011
Institute of Financial Consultants
  • Financial Consultant
  • February 2011

Training and Certifications

IFRS Training (Training)
Training Institute:
Grant Thornton International
Date Attended:
August 2015
Duration:
24 hours

Hobbies

  • Reading news papers and playing cricket