راشد ACA CIA CFE

Leading a Team of Professional Auditors in Algihaz Holding. Responsible to Manage the Internal Audit of all group companies in Algihaz Holding which include primarily Management Contracting, Health care, Petroleum, Experiential Services etc.)
Reporting directly to Chairman, Internal Audit Function in Algihaz is responsible for Governance and Compliance besides Internal Audit activities. Significant activities include Operational & Financial Audits; Compliance to Applicable laws, Client regulations, Internal Policies & SOPs; Managing ESG Initiatives and Corporate Governance Activities including setting the right Governance & Control Environment and Culture.

I am heading the Compliance & Investigation Section of the Group Internal Audit Department.
Compliance work includes review of Group Policies & Procedures, checking implementation and perform tests of operating effectiveness on a periodic basis.
Investigations section includes the Group whistle-blowing mechanism, and I am responsible to analyse, investigate & report on all complaints received from whistle-blowers. These investigations often lead to operational, financial and HR Audits based on Investigations Outcomes.
Functionally I am reporting to Chief Internal Auditor, however, I have complete autonomy in selection of compliance & investigations areas as well as Audit Plans, with very little interference from CIA.

Worked as Senior Internal Auditor, in El-Seif Commercial Investment Company, which is the holding Company of El-Seif Group. The internal Audit department is responsible for the Audit of all the Companies in the group, which include El-Seif Investments itself, El-Seif Contracting, El-Seif Security & Operation & Maintenance, RDB El-Seif and others. I am responsible for the 1. Supervision of the continuing assignments, review of reports of audits conducted, 2. Review & finalization the reports from audits outsourced (E&Y, Deloitte etc) 3. Preparation of Summaries for the Audit Committee and Presenting the same in the Audit Committee Meetings and 4. Preparation and approval of Annual Audit Plan in coordination with the Chief Audit Executive.

I have worked with the Auditor General of Pakistan for more than four years as Audit Consultant, under a World bank Project PIFRA-Project to Improve Financial Reporting & Auditing. My key responsibilities included the following;
1. Monitoring of 10 Audit Teams Conducting the Compliance Audits of 35 Public Sector Commercial Entities Every Year. This exposure include various sectors like Oil & Gas (OGDCL, GHPL), Banking (ZTBL, SME), Trading (USCP), Telecom (PTVC, PBC), Construction (PHA, NCL, NLC), Manufacturing (POFs, HMC, HEC), Education (PIDE, NBF) and many more.
2. Conducting special investigations of frauds, performance audits, environmental audits and certification audits in the Public Sector,
3. Preparation of special compliance audit guidelines for the significant operational cycles to be included in the model audit guidelines of the Auditor General of Pakistan
4. Conducting the financial statements analysis of 55 Public Sector Commercial Entities, to provide the Independent Audit Comments, and
5. Summarizing of all the observations, for inclusion in the final report to the Parliament and presenting the same in the DAC & PAC meetings.

I have worked with Deloitte Pakistan-Islamabad Office, for a period of Five years in different capacities ranging from Audit Trainee (1 Yr), Semi Senior (1Yr), Senior (2-1/4 Yrs) and Supervising Senior (9 months), in the Audit, Consultancy & Tax Departments of the Firm. May major clients included the Oil and Gas Sector Companies (OGDCL, OMV, PPL, POL, MGCL, Petronas), Construction (National Highway Authority) and NGOs (UNHCR) and others. Depending upon my role my job description varied from execution, review, consolidation, and supervision & monitoring.

3 Months Training which is compulsory to get the B.Com Degree.