Executive Internal Auditor
Bahri & Mazroei Group Dubai
Total years of experience :13 years, 3 Months
• Performing risk assessment and develop an understanding of the existing processes.
• Identify key risks for the processes, identifying and devising relevant controls and assist in audit planning and test the internal controls.
• Planning and control the full audit cycle including risk management and control management over operations effectiveness, financial reliability and compliance with all applicable regulations.
• Determine internal audit scope and develop annual plans for all the group companies.
• Assists in making, oral and written presentations to Internal Audit Manager.
• Discuss deficiencies, and recommends corrective actions to improve operations and reduce cost as necessary.
• Obtain, analyze and evaluate accounting documentation, previous reports, data and flowcharts.
• Prepare and present reports that reflect audit results and document process.
• Document audit process and prepare audit findings memorandum.
• Conduct follow up audits to monitor management’s interventions.
• Identifying business process risks.
• Monitoring operations and testing methodologies to evaluate the adequacy of controls.
• Developing recommendations and reports based on audits.
• Perform risk based audit of sales, purchases and finance department on monthly basis.
• Physical verification of inventory at all showrooms.
• Warehouse audit on monthly basis.
• Making complete financials and analyze them for the last five years.
• Perform operational and financial audit of other group companies.
• Perform other important tasks as and when assigned by the audit manager.
• Plans the scope of the audit and prepares an Audit work program.
• Identifying and addressing the major risks of the auditable activity.
• Participates in the performance of individual audit assignments to achieve the planned audit objectives in a professional manner.
• Makes written representation to management during and at the conclusion of the audit, discussing observations and recommending corrective action to improve operations.
• Prepare the Draft Audit Report.
• Ensuring that system exists for generation of accurate and reliable financial and other information.
• Preparing complete financials with necessary disclosures.
• Performing financial analysis and finance structuring for the client.
• Establish working relationship with client personnel.
• Review client accounting and operating procedures and systems of internal controls.
• Checking and verifying each financial document from auditor’s perspective.
• Performing business valuations for clients if so required by client
• Contribute to the Internal Audit function by identifying risks associated with business objectives and evaluating the controls in place to mitigate those risks in order to improve the effectiveness of risk management, control and governance processes.
• Provide value-added advice and support on the creation or modification of policies, procedures, processes, products or services to ensure an appropriate level of internal control and compliance is maintained.
• Develop a thorough understanding of company processes in scope for assigned audits and documents the processes in flowcharts.
• Identifying loopholes and recommend risk aversion measures and cost savings.
• Develop a risk based test plan by selecting appropriate audit approach, test procedures and sampling criteria based on professional judgment and departmentally defined internal audit methodology.
• Identify and document control and process weaknesses and provide documental support for findings.
• Propose practical and value added recommendations to address control weaknesses and process inefficiencies.
• Preparing informative audit report to effectively communicate the findings and recommendations to the internal audit manager.
• Developing professional relationship with the clients.
• Keeping a track of the client's accounts and assisting them about their routine accounting functions.
• Preparing audit reviews after detailed checking of the client accounts.
• Solve all complex auditing issues within the framed time.
• Design, manage, and ensure the accuracy of the financial statements.
• Prepare and analyze all accounting and financial records.
• Interact with the clients and assist or solve their queries in a timely manner.
• Coordinate with the clients to perform tests on all internal controls of the organization.
• Prepare financial reports and suggest the appropriate estimates.
• Ensure that all the transactions are undertaken with respect to the laws decided by the management.
* Performance Management * Taxation * Financial Reporting * Audit and Assurance * Financial Management * Corporate and Business Law * Governance, Risk & Ethics * Corporate Reporting * Advanced Taxation
International Economics,Micro Economics, Macro Economics, Managerial Economics, Mathematics for Economists, Statistics, Public Finance
* Recording Financial Transaction * Accounting For Costs * Managing Finances * Managing People and Systems * Preparing Taxation Copmutations * Drafting Financial Statements * Information for Management * Maintaining Financial Records * Planning, Control and Performance Management
