Audit Manager
National Water Company
Total des années d'expérience :11 years, 9 Mois
o In charge manager. managing and handling all audit stages: Planning and understanding, preforming fieldwork, preparing the audit Report and Follow-up on the implementations of the audit recommendations
o Defines audit objectives and scope for planned (assurance, special/consultation) audits.
o Ensure internal audit works and audit reports were aligned with IIA Standards.
o Manage and supervise the in-charge auditors whether in-house employees and external (advisory).
o Developing an audit program (aka RCM) and ensure work scope and objective set were cover the Enterprise Risk.
o Perform proficiency and due care and ensure the red flags/fraud practices are included in the audit works.
o Review all audit worksheets/working papers and ensure from archiving of all the evidence and test procedures in the audit system “Teammate” EWP system adequately.
o Ensure effective communication between the audit team and audit process owner (audit clients) starting from the Kickoff meetings until obtaining the concurrence on the audit findings reported in the audit report.
o Perform the annual audit follow-up activities.to ensure from applying adequate corrective actions.
o Conduct Exit meetings with the audit process owner (audit clients) and clarify to them the observation and resolve audited department/function concerns to propose the final versions to the management.
o Participate in preparing the department procedure, guidelines and flowcharts, and the annual risk-based plan.
Planning and monitoring the annual IA member vacation plans.
o Supporting and performing other related tasks as required and assigned by the line manager.
Achievements:
o One of the best IA employees in 2022
o Identified many cases that could or already have impacted the company's financial position and its operation activities, and proposed the proper corrective actions and control tools / techniques to address them and avoid any potentiality of losses.
Duties:
-Supervise and administer high quality internal audits on a timely and effective basis.
-Ensure from the audit team have identified all significant internal control deficiencies associated with assigned internal audits.
-Assist DUR's properties in formulation of adequate action plans for timely remediation of internal control deficiencies identified on assigned internal audits.
Identify meaningful Value at Risk on assigned internal audits.
-Ensure internal audits are conducted in accordance with DUR Internal Audit Standards.
-Review internal audit reports to ensure they are prepared in accordance with DUR Internal Audit Report -Preparation Standards.
-Conducting exit meetings with process owner to communicate audit fieldwork results to management.
-Provide awareness and developing the auditors.
Achievements:
-Invited by audit committee to discuss the internal audit reports and department status.
-Leader of a special case requested by senior management.
-Managing and leading five auditors with different cultures/genders.
-Increasing the audit process productivity/efficiency where the number of completed process /audit findings increased a result of using the time management tips, sharing knowledge best practices and motivate the team members.
-Focus on auditing the Corporate level, Development Sector, IT and Operational side.
-Perform a professional internal auditing work.
-Assist Internal Audit manager in providing consulting services to the company’s management and staff.
-Deploy all the company’s professional ethical standards.
-Determine the disputes between the owner and operator and suggest solutions to improve the working procedures.
-Supervision and developing the Internal Auditors.
-Overall planning, studying and understanding the audit processes.
Achievements:
-Participation with internal audit manager to establish the department.
-Finding many observations which inducted the company to start the process of improve the internal control system.
-Focus on auditing the Corporate level and Operational side.
-Perform a professional internal auditing work.
-Determine the disputes between the owner and operator and suggest solutions to improve the working procedures.
-Supervising the yearly Inventory of the property (units and the warehouses).
-Recommend new cycles for the departments and ensure from non-availability of any lack in the control system.
-Audit and analyses the expenses and support finance department to charge the correct account.
-Review work in progress procedures and make sure from availability of appropriate documents.
-Review sales invoices and the cancellation invoice and make sure from matching with company policies.
-Review the prepaid rent payment and rent expenses account to make it sure the amortization.
-Participate in inspecting visit to services and spare parts branches.
-Member in fraud cases committee to analyze determine the weakness and to make sure from the availability of appropriate evidence.
-Review the prices of the items and matched with approved list.
-Supervise the yearly spare parts counts (Inventory) in branches and CPD.
Duties:
-Record & post all accounting entries for invoices, Expense, payment and Closing entries in ERP.
-Prepare the monthly bank reconciliation.
-Review project progress-bill and follow-up with the site to complete procedures.
-Review the (Head office / Hotels) expenses, POs, of (services / government relations / procurement) invoices and accounts.
-Review the employees’ salaries and make sure applying the Saudi labor law and company policies and prepare report in the process of calculation / check the employees Dues (Vacations or leaving indemnity).
-Adjust and reconcile accounts of customers, suppliers, sisters’ company.
-Follow-up of all bank transactions by prepare checks, transfers, and make sure from update department report with these transactions.
-Communicate & follow-up with subcontractors, suppliers and customers to collect / pay their dues and find solutions for their requirements/ claims.
-Prepare financial statements and weekly cash position report.
Achievements + Co :
-Find an increase case in amount for subcontractor received thanking certificate.
-Prepare a “smart excel files package” which saves 40% of the time to analyze transactions and charging entries in accurate accounts.
-During a very short period, I proven Efficiencies as one of the best members in team. resulted to assign me incharge of investment company.
-Follow-up and finish complicated company tax case with (DZIT)
-A permanent member in the department meetings to discuss ways to develop department activities.
-Recording accounts entries
-Check & Review the petty cash.
-Prepare checks and Daily Bank And Sales Position
-Periodic inventory system
-Check & Review the monthly salaries
-Bank Reconciliation
The Accounting Department in the College of Business Administration at King Saud University, since being founded at the beginning of the 1380s AH, has continued to strive to achieve its goals in education, training, and consulting. Its efforts have paid off, as qualified accounting and finance employees have filled the country’s needs in both the government and private sectors. The Department has been represented by faculty constantly taking part in all of the activities needed by the labor market in the fields of training, consultancy, and community service, as well as in developing the profession of auditing in the Kingdom through holding various forums and workshops. The faculty have also contributed to the creation of the Saudi Legal Accountants Organization, and strive to develop both the academic master’s and professional masters in accounting programs.