Head of Internal Audit Department
Al Babtain Group
مجموع سنوات الخبرة :17 years, 3 أشهر
Key Responsibilities at ALBabtain Group
- Develop annually a risk-based internal audit plan for CEO’s review and approval.
- Oversee the implementation of the approved plan, ensure proper resourcing for implementation of the plan, and adjust the plan as needed in response to changes in business risks, operations, programs, systems, and controls. Keep senior management apprised of any changes needed to the internal audit plan.
- Plan and execute operational and financial audits.
- Identify business risks.
- Develop testing methodologies to evaluate the adequacy of controls.
- Plan and allocate resources and individuals in accordance with skills and schedules.
- Produce reports underlining problems and provide prospective ways out.
- Ascertain business process threats.
- Present to senior management the results, recommendations, and conclusions of audit reviews.
- Maintain respectful and effective communications and relationships with management and staff of areas under review.
- Prepare and issue audit reports.
- Conduct special audits as required by management and issue results.
- Review audit work performed by staff for completion and accuracy.
- Respond to ad hoc requests to address control issues on new business processes, policies, and procedures, and provide consultative services to management.
- Establish and assign departmental goals to team members and evaluate their performance.
- Responsible for coaching, mentoring, and developing career paths for direct reports.
Experience in audit of various sectors such as: Investments, construction, Manufacturing and Trading.
The engagements I participated in involved auditing clients’ financial statements in accordance with PwC Audit Methodology and International Auditing Standards.
• Execute the day-to-day activities of audit engagements of various clients
• Obtain sufficient knowledge of internal control to plan the audit
• Identify and communicate accounting and auditing matters to both clients and senior management (Managers, and Partners)
• Prepare and draft financial statements in accordance with IFRS.
• Identify performance improvement opportunities
• Interact with clients to help ensure that the information flow from the client to the audit team is efficient and effective
• Execute appropriate use of electronic working papers, audit tools and other sources of knowledge.
• Ensure that sufficient audit evidence is obtained and properly documented to support the audit opinion.
• Develop and maintain an appropriate external network of business contacts
• Establishes and communicates roles and expectations for staff at the start of the project; provides clear guidance and direction concerning objectives of the work.
• Coaches staff by providing candid and constructive feedback.
• Demonstrates behaviors such as teamwork, knowledge sharing, maintaining relationship.
Experience in audit of various sectors such as: Investments, Manufacturing and Trading.
The engagements I participated in involved auditing clients’ financial statements in accordance with Deloitte Audit Methodology and International Auditing Standards.
• Execute the day-to-day activities of audit engagements of various clients
• Obtain sufficient knowledge of internal control to plan the audit
• Identify and communicate accounting and auditing matters to both clients and senior management (Supervisors, Managers, and Partners)
• Prepare and draft financial statements in accordance with IFRS.
• Identify performance improvement opportunities
• Interact with clients to help ensure that the information flow from the client to the audit team is efficient and effective
• Execute appropriate use of electronic working papers, audit tools and other sources of knowledge.
• Ensure that sufficient audit evidence is obtained and properly documented to support the audit opinion.
• Develop and maintain an appropriate external network of business contacts.
Summary of Major Clients Served:
• National Bank of Kuwait (agreed - upon procedures)
• Commercial Facilities Company (agreed - upon procedures)
• Al Soor Fuel and Marketing Company K.S.C. & its subsidiary
• Mabanee Company K.S.C. & its subsidiaries
• Al Manar Financing and Leasing company K.S.C.
• Crowne Plaza Hotel
• Mada Communications Co. K.S.C. & its subsidiaries
• Al Rai Real Estate Co.
• Al Mojil Drugs
• Microsoft
Performing Comparative tables
Preparing different letters for banks such as foreign exchange letters, LG issuance/renewal/cancellation, bank to bank transfers, transfers to suppliers, VAT payments, issuance of banker’s check, and issuance of RD.
Preparing monthly collection and target for salesmen.
Preparing purchase cut-off test for the clients’ firms.
Preparing sales cut-of test for the clients’ firms.
Preparing unrecorded liability test for the clients’ firms.
Vouching invoices, receipt vouchers, checks and delivery notes.
Preparing numerical sequence test for the clients’ firms.
Preparing the sales return test for the clients’ firms.
Preparing the account receivables circularization test for the clients’ firms.
Preparing the external service breakdown test for the clients’ firms.
Preparing the administrative expense test for the clients’ firms.
Preparing the provision for doubtful account test for the clients’ firms.
Preparing the other operating expenses test for the clients’ firms.
Working on the payroll variation analysis test for the clients’ firms.
Working on the subsequent settlement of receivables test fro the clients’ firms.
Performing a stock count of the inventory in the firm and comparing the results with inventory in books and inventory reconciliation.
Preparing financial statements of the firms audited.
Preparing the break down of banks test for the clients’ firms.
Preparing the debtors’ confirmation test for the clients’ firms.
Working on the caseware and linking the confirmations given to us by the client to the caseware.
Preparing the sales and cost of sales test fro the clients’ firms.
Casting, footing and cross-footing financial statements.
Preparing confirmation request.
Preparing consolidated trial balance format.
Checking the balances of the trial balance of the case ware and our trial balance
Preparing aging test for the clients’ firms.
Preparing fixed asset schedule test for the clients’ firms.
Recording data entries for all different kinds of transactions using accounting software
Performing bank reconciliation of the companies
Preparing tax declaration of the companies.
Preparing temporary and annual financial statements.
Checking the accuracy of the classifications of the expenses and revenues done by the companies.
Going to banks in order to pay for VAT liability on the clients to the Ministry of Finance.
Preparing and submitting tax reports of the clients for the Ministry of Finance and paying all the necessary expenditures.
Entering the trial balance of the companies on software called “بيانات”.
Paying tax on salaries for the clients in the Ministry of Finance.
Preparing auditing reports for the clients.
Preparing business plan reports for clients in Arabic and English; For instance, I have done a business plan report for a customer. This report had to be presented to a future investor for convincing him about the investment with our client.
Filing papers of the clients’ companies and organizing them.
Writing the annual trial balance, income statement and the balance sheet of the clients on the accounting books.
Preparing consolidated trial balance of two companies.
I am applying for the first exam for the cpa this November and willing to complete it by the end of next year as a maximum.
Two internships were done. The first one is in an accounting firm SC Majzoub & Partners and I received a pass with honor . My second internship was in Ernst & Young and i received an over all evaluation of 81.5/100.