Audit Manager
Asti Business Services Inc.
Total years of experience :22 years, 6 Months
• Conducts discussion and meeting with client to determine the specific requirements
• Plans and performs operational and financial audits
• Identifies business process risks
• Develops testing methodologies to evaluate the adequacy of controls
• Documents the results of the evaluations
• Develops recommendations and reports based on audits and presenting these to the Client
• Discusses the initial results of audit with the Client’s middle management
• Present the final result of audit to the client’s top management and Audit Committee
• Managed and supervised the holding group’s internal audit department
• Prepared the annual audit schedule and staff allocations
• Prior to the start of every audit assignment, conducted initial assessment of the areas/processes of each company to identify the associated risks in both financial and operation
• Based on the initial risk assessment, identified the scope of the audit and prepares suitable audit program and procedures to be used
• Discussed the approved audit program and procedures with Auditors in relation to the scope and areas to be covered for audit
• Monitored the audit field work of the team
• Performed field work
• Reviewed auditees’ compliance with the procedures and policies of the company
• Guided the auditors in carrying out his assigned duties and responsibilities
• Reviewed the draft report of the auditors
• Conducted closing meeting with the Manager and key personnel of the audited section/company to discuss and get consensus about audit findings and its corrective actions.
• Followed up about implementations of recommended corrective actions as a result of the audit
• Prepared status report and updates at regular intervals to keep the top management aware of the department’s progress
• Performed adhoc or special assignment as directed by the top management
• Prepared adhoc or special assignment report for the top management
• Conducted objective, fair, thorough, unbiased and timely investigations into allegations of fraud, waste or abuse against the company
• Reviewed and researched evidence/documents to analyze and establish the extent of fraud committed
• Prepared and coordinated field assignments to obtain relevant evidence and information
• Coordinated with lawyers to provide deposition and legal strategies
• Managed and prioritized a large and varied case load effectively and efficiently to achieve positive results
• Conducted interviews and interrogation to person/s of interests or subjects
• Examined and scrutinized business operations to identify control weaknesses which contributed to the fraud and proposed improvements thereof
• Documented all investigative activities
• Prepared written reports of investigation findings
Planned, Organized and executed audit and special reviews at the request of management
•Identified and evaluated the risk and key controls to determine the nature of operations, the adequacy, efficiency and effectiveness of the system of internal controls to achieve established objectives
•Prepared audit reports
•Made oral or written presentations to management during and at the conclusion of the examination, discussing deficiencies and recommending corrective action to improve
•Appraised adequacy of corrective actions taken to improve deficient conditions
•Trained Finance staff to conduct audit
•Monitored and evaluated staffs during the course of audit
Other duties
Finance
•Ensured that financial control accounts are updated regularly and closed on time during month end reporting
•Reviewed invoices submitted by the suppliers and petty cash expenses
•Monitored staff employees to ensure that jobs are done efficiently and effectively
•Developed talents through coaching, mentoring and on-job-training of team members
•Prepared analysis and reports for the Controller and Regional Manager
•Assisted the Controller in developing procedures and controls
•Assisted the Controller in ensuring that controls are implemented and consistently applied
Fleet Control
•Ensured complete documentation for vehicle repairs and accidents submitted by the operation group
•Coordinated, monitored and supervised the progress of Government Relation Officers’ activities and accomplishments
•Coordinated, monitored and supervised insurance process to ensure that claims are properly raised on time
•Monitored and coordinated with maintenance group to minimize delay and increase vehicle utilization
•Prepared accomplishment reports and monitoring
PETRORabigh (Saudi Aramco & Sumitomo-Japan Joint Venture) - Petrochemical Saudi
Determined areas of risks and appraising significance in relation to operational factors of cost, schedule and quantity
•Conducted review of assigned organizational & functional activities and evaluated adequacy & effectiveness of management controls over assigned activities
•Assisted the General Auditor in executing the annual audit plan which is designed to address significant business risks and to evaluate and test the internal control structure of the company
•Assisted the General Auditor in the planning and execution of financial, operational and compliance audits, this included identifying and researching applicable operational/financial/technical issues and effectively applying both internal audit standards and industry best practices to audit matters
•Provided assistance to management by reviewing relevant policies and procedures for implementation of sound business control functions in the company’s operation
•Appraised the adequacy of the action taken by management in response to reported risk issues, control weaknesses or opportunities for improvement
•Assisted the General Auditor in the preparation of formal audit reports to Senior Management and Audit Committee identifying control weaknesses and opportunities for operational improvements including specific recommendations for corrective actions acquired by management
• Evaluated risk impact within the organization that will be included part of the audit plan
• Conducted preliminary survey of operations, functions and activities to identify information on key business activities and processing risks
• Developed audit programs and provides value-added recommendation for correcting or improving operations and reducing costs
• Supervised the audit group
• Monitored and prepared accomplishment reports of audit personnel on a weekly basis
• Communicated results of audit and consulting projects through written reports and oral presentation to auditee and management
• Reviewed audit reports of the audit team
• Conducted regular meetings regarding audit results and findings
• Discussed audit results and findings to department heads concerned
• Assisted department heads on preparation of process flow and establishing internal control
• Reviewed financial records
• Performed Fraud Audit
Other Functions:
• Acted as head of the group in charge of putting up water operation as a business unit
• Member of the Steering Committee that headed the company’s business process review
• Prepared and proposed manuals for Sales office Collection Policy, Transfer Certificate of Title monitoring and Water operation
• Acted as head of the task force assigned to improve the operation of Credit and Collection Group
• Monitored the daily transactions of Credit and Collection Group
• Reviewed all the outgoing documents of the Credit and Collection Group
• Evaluated/Assessed the performance of the existing personnel of the Credit and Collection Group
• Evaluated the existing system of the Group and provides practical solutions in order to improve the operation
• Introduced new sales cut off policy to improve monitoring of accounts
• Monitored collection of the Sales Office
• Performed collection analysis
• Developed audit plans, programs and time budgets
• Supervised the audit group to maintain professional auditing standard
• Reviewed and evaluated working papers to provide adequate basis for reporting
• Reviewed draft audit reports in connection with the working papers to ensure full and complete reporting in a professional manner
• Developed/Improved systems and procedures for change fund, repair of magic microphone, Sodexho GC, deposits, high valued items, accountable forms and security guidelines
• Assisted in the implementation of ePOS and Oracle system
• Maintained contact with different Department Heads in assuring receipts of timely and adequate responses to audit reports
• Performed Fraud Audit
• Monitored the progress of remedial actions taken on audit findings
• Monitored receivables under concessionaire
Other Functions:
• Ensured that all branches and company service vehicles are covered with the necessary insurance
• Monitored the performance of the security guards assigned to branches
• Negotiated contract rate of security services and insurance coverage to lessen the cost
• Reviewed and suggested adjustment to security contract to protect the interest of the company.
In charged of the audit plans, procedures and systems implementation
•Developed audit programs giving focus on internal control weaknesses
•Audited petty cash, receivables, inventory and short term investments
•Performed Fraud Audit
•Ensured that the existing company policies and procedures are consistently and strictly implemented
•Coordinated with all department heads about systems and procedures to be implemented affecting their area of responsibilities
•Participated in the management committee meetings to provide feed backs with regard to the impact of a certain plan on the internal controls of the company
•Performed operations audit to assist all level of management in carrying out their responsibilities effectively by providing practical solutions to different issues
•Evaluated the effectiveness of the company’s cash and inventory management systems
•Conducted financial data analysis
•Reviewed the incentive scheme proposal of the Field Services department
•Conducted study of the provincial technician’s financial assistance
•Developed systems and procedures for furniture and fixtures and disposal of company service vehicles
•Assessed physical condition of lotto outlets and prepared recommendation to improve the existing set up
•Ensured that fund transfers are properly approved and documented
•Assisted Data Security department in conducting IT audit covering hardware, software and access controls
•Conducted performance appraisal
Norkis Group of Companies - Trading & Financing
• Audited cash, petty cash fund, receivables, inventory, sales, expenses and furniture and fixtures
• Assisted the Audit Manager in the effective analysis, planning, organizing and supervising the overall operation of the department
• Conducted initial review of the working papers and draft reports of junior auditors
• Supervised junior auditors in their respective field of assignments
• Performed actual field assignments depending upon the sensitivity of the engagement
• Performed Fraud Audit
• Discussed labor related issues to the Audit Manager and other related parties
• Assisted the Audit Supervisor in developing bank payment system
• Assisted the operations group in collection to improve efficiency
• Conducted performance appraisal
• Evaluated the quality of credit extensions
• Performed customer profiling
• Analyzed collection, funds, market, sales and commissions
Graduated as an Student-Athlete