Assistant Manager Internal Audit
Al othman Holding Co.
Total years of experience :26 years, 7 Months
1. preparing and executing the annual audit plans.
2. Document systems, processes, risks, and controls using narratives and/or flowcharts.
3. Prepare audit reports focusing on the quality, usefulness, and accuracy of the information
4. Execute internal audit procedures, schedules, priorities, and programs for achieving audit
5. Managing team of 7 people (4 jr. auditors & 3 Internal Auditors)
Aujan Beverage Co. is the largest beverage company in the GCC, with well-known brands like Rani,
Barbican, Vimto & Hani. Moreover, Aujan is among the top 100 companies in the Kingdom of Saudi
Arabia
Conduct internal audits in accordance with the annual audit plan to provide
independent, objective assurance services to add value and improve organization’s
operations.
* Carry out financial, compliance, management and operational audits in various fields
like finance, project management, purchase, human resources etc. by using sound audit
concepts and functional expertise.
* Ensure that adequate internal controls are in place and the company activities are
conducted in an efficient manner and the assets of the company are properly
safeguarded.
* Prepare audit scope and audit program for the assignments determining the nature,
extent and timing of audit tests.
* Execute the audit work with proficiency, due professional care and according to the
audit program and prepare the audit reports, discuss the report with the concerned
auditee and to maintain comprehensive working papers as prescribed in the Audit
Policies and Procedures.
* Provide audit observations and recommendations based on four attributes of audit i.e.
criteria, condition, cause and effect.
* Provide recommendations to senior management on the development and
implementation of internal controls, policies and procedures.
* ensure /follow up the implementation of audit recommendations
* Preparation of various audit checklists and determine new areas for audit.
* System audit of JD Edward
* Quarterly presentation to Board members on Audit activities and significant issues.
Preparation and ensure implementation of the Audit plan.
* Assignment distribution, review of checklist prepared by team members and Progress
monitoring to complete assignment in scheduled time.
* Review and compilation of all internal audit reports and circulation to respective heads
for their review prior to submission of report to Management.
* Preparation and implementation of various organization policies and procedures for
better control
* Identify key findings and make necessary recommendations through audit
* Provide recommendations to senior management on the development and
implementation of internal controls, policies and procedures.
* Timely feedback to the management on areas for increasing internal controls, thereby
preventing pilferage & ensuring 100% compliance.
* Ensure implementation of proposed action suggested on audit findings through follow
up audit.
* Carry out changes required in the coverage of audit and determine new areas for audit.
* To develop/improve various internal audit checklists. Also to train team members and to
keep their knowledge up-to-date.
* Quarterly presentation to Internal Audit Committee on Audit activities and significant
issues
Responsible for preparation and ensure implementation of the Audit plan.
* Responsible for conducting internal audits on the organization's processes to ensure
major processes, systems and procedures comply with company’s policies including
statutory compliances.
* Responsible for reviewing the effectiveness of controls over business operations for the
various divisions / manufacturing units / OEM’s / Branches.
* Perform audits by assessing and identifying various risks associated with processes and
business areas and testing controls.
* Identify key findings and make necessary recommendations through audit
* Provide recommendations to senior management on the development and
implementation of internal controls, policies and procedures.
* Timely feedback to the management on areas for increasing internal controls, thereby
preventing pilferage & ensuring 100% compliance.
* Carry out changes required in the coverage of audit and determine new areas for audit.
* System audit of SAP
Gold Star Group (Pioneer in Jewellery and Diamond Industry)
Facilitate implementation of integrated, computerized systems with the help of IT dept.
through out the organization.
* To endure proper study of the existing systems and methods and bring improvements
through innovative systems which will cater to the functional requirements.
* Lay down uniform systems through out the organization
* Prepare system manuals and system flow charts in all functional areas.
* Introduce new system time to time with changing requirement of company
* Carry out periodical system audits
* Conducting operational Audits at plant.
* Process audit of a department to find out weaknesses in control.
* Exposure in internal checking, control, documentation, working procedures
Exposure in process Audit and System Implementation
* Conducting operational Audits at plant.
* Process audit of a department to find out weaknesses in control.
* Preparing brief summary of Audit reports for the management
* Reviewing compliance of policies and procedures
* Preparing audit policy papers for new activity.
* Reviewing the adherence of internal controls and establishing the compliance.
* Co-ordination with corporate Internal Auditors
* Summarizing the reply on Corporate Internal Audit Report.
* Form a particular system in department for a better internal control on the activities.
* Worked on implementation of advanced ERP system in the organization
Inspection of branches and factories and checking of all accounting data of Head Office
and Branches.
* Check the profitability, expense ratio and performance of the branch.
* Maintain and verification of all the records of Branches and keep control on Branches.
* Scrutinize the debtors outstanding of Branches
* Conduct factory audit and Branch audit and submit report to the Management and as
per their instruction implement the changes made in policies and accounting
procedures.
* Checking of Cash vouchers and Bank Reconciliation of Branches
Marine Lines
Job Responsibilities
* Maintenance of all types of books of account as per the accounting standards and
accounting policies.
* Recording, Posting and Preparation of Trial Balance, P&L A/C and balance sheet up to
finalization.
* Writing computerized books of accounts on tally 5.4
* Preparation of scrutiny matters and hearings.
* Finalizations of accounts as per schedule VI of the companies Act.
* Audit of all the books of accounts maintained by the assessee as well as Bank reconciliation
statement and scrutinize the ledgers.
* Finalize the accounts of companies, firms, and other assesses.
Diversified in the field of Plant constructions and maintenance services, Steel and chemical mfg.,
facility care services, Heavy Equipment Rental.
Designation:
MBA-Finance 1st year
Audit & Accounts
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