Internal Audit Manager
Al Falah Holding
مجموع سنوات الخبرة :42 years, 1 أشهر
At group level, perform and control the full audit cycle including risk management and control
management over operations effectiveness, financial reliability and compliance with all applicable
directives and regulations.
Advance planning for all the work of internal audit to start implementing the audit procedures and
steps in line with professional standards.
Obtain, analyze and evaluate accounting documentation, previous reports & data.
Review the procedures and registers, to verify their capability to achieve the objectives, according
to policies and plans relating to all activities of the group.
Review all reports of the audit team before they are issued in its final form, and prepare the
necessary reports on the results of the work revision and checking, as well as recommendations for
correction.
Identify loopholes, recommend risk aversion measures, and cost savings
Maintain open communication with management.
Document process and prepare audit findings memorandum.
Conduct follow up audits to monitor management’s interventions.
Engage to continuous knowledge development regarding sector’s rules, regulations, best practices,
tools, techniques and performance standards.
Auditing
Handling all financial and administrative work of the company as well as managing the HR
department, besides supervising some technical and nontechnical tasks within the company.
Work on the organization and preparation of an accounting program commensurate with the
accounts of facilitate and work to follow up the training of employees to hold accounts and extract
the financial reports recognized in addition to the special reports submitted to senior management.
There are monthly financial reports that have been submitted to management with review of their
conformity with generally accepted accounting policies.
The personnel system has been updated to achieve better control over staff time and salaries, as
well as the maintenance of staff files, the attendance and absence system, the introduction of a
system of leave forms, final adjustments, work contracts and staff files.
Manage the activities of the internal audit unit at all the locations and manage its operations, also
develop a comprehensive system to cover the audit of each unit separately.
Set and supervise the implementation of comprehensive programs and provide written review in
line with international auditing standards agreed on.
Recommend any improvement to develop the internal control systems that has been designed to
protect the assets and resources of the group and insure that all departments are implementing the
policies and instructions of the board of directors.
Review the adequacy of applying the recommendations by the different operational units within
the group to correct situations that have been recommended
To examine the efficiency and effectiveness of administrative levels set in the group to manage
the resources with consistency of policies and procedures Supervise the financial audit operations,
the accounting records along with all documents, and audit the operations that have financial
responsibility in all the group companies.
Control expenses and costs, and audit them the same or the next day to verify the availability of
funds for the expenses associated with them.
Supervise and check the treasury, stores, and propose corrective action
Review the payroll and overtime lists, audit them if needed, and direct the concerns to correct the
errors.
Review monthly trial balance of the group companies and clarify the deviation, which cause
financial losses and provide suggestions to avoid them.
Prepare Yearly Budget for each department and prepare the suitable programs.
Following the implementation of transactions & policies placed.
Following the estimated budget and denouncement if any deviation occurs.
Check and review accountant statements, records, procedures and financial reports to ensure their
regularity and safety in applying.
Checking and reviewing income, expenses, assets and liabilities
Preparing Monthly/Annual Financial Statement.
Discuss the financial activities with the top management.
Reconciliation and verify different levels of expenses
Checking Purchase Requests with the verification of end user & Purchase Order
Following the implementation of transactions & policies placed.
Following the estimated budget and denouncement if any deviation occurs.
Check and review accountant statements, records, procedures and financial reports to ensure
their regularity and safety in applying.
Write reports about weaknesses of controlling system, internal strictness, and suggest
solutions.
Examine and check yearly financial statement, and send related reports to senior manager.
Cooperate with external auditor.
Organize and manage the office
Do all warrants that partner expect to do, with his authorization.
Supervise and follow-up all companies that related
Establish Internal Auditing Department, prepare all plans needed, prepare and train employees
in Accounting Department.
Review financial records and account statements, study and examine expenses system for
factories (Oil & Carton Factories), testing and studying the estimated budget and following it’s
applying and overtakes.
Write needed reports about weaknesses & internal supervision systems and find solutions.
Coordinate and follow-up with the external auditor.
Planning of audit engagements, staff allocation to audit tasks, budgeting and monitoring of
execution.
Direct supervision of a team of auditors and staff training in adding to review and analysis of
financial statements.
Study and evaluate Internal Accounting controls and submitting management letters on
weaknesses found and recommendations for improvement.
Some of the audit clients include major entities in the fields of contracting, trading, investment
and manufacturing.
Companies’ Formation: Responsible for reviewing and monitoring all the procedures related
to the formation and share issue for a number of major companies in Kuwait.
Companies Evaluation: Involve in the valuation of tangible and intangible assets and
liabilities for several companies.
Clients’ Relations: Maintaining and improving relations with existing clients and reaching
out for potential clients.
was in many fields to plan, conduct, perform, assign audit assignments to audit
team and control full audit cycle in different sectors such as, Commercial, Financial, Industrial,
Insurance, Investment Companies, Government properties, Hospital sectors, Travel & Marine
Agencies, more over the long period that I spend in this company.