Salman Shafiq

Worked as Chief Audit Executive in Saudi German Hospitals Group; one of the largest groups in health care sector in the Middle East, engaged in construction and operation of hospitals and health care education. Job Sphere includes setting up, establishing, managing and expanding Group Internal Audit function throughout the Group. It also includes planning, monitoring and finalizing internal audit assignments, their approval from the client management and onward reporting to the Audit Committee. Review of existing management policies and procedures and recommendation to improve them. Review of internal audit procedures and policies and updating therein. Preparation, Approval and Monitoring of overall as well as monthly internal audit plan.

I had a team of 19 people working with me and I am reporting to the Audit Committee of the Group Holding Company.

Also responsible for implementation of “CARE” Enterprise Risk Management Methodology in the whole Group. Already implemented in Six Departments in one unit while overlooked its rolling over process of the same to the group. Developed a team, which has now implemented more modules across the group independently.

Designed and developed follow up system of audit reports capable of generating department wise, unit wise and segment wise reports, whereby monthly report is sent to the audit committee.

Millat Tractors Limited, a Public Listed Company engaged in manufacturing of Tractors, Gen. Sets and implements. my yob sphere includes MIS planning, designing development and modification for Group Reporting. Supervision of payments and purchases. Preparation of annual budget and its comparative reporting with actual results. Annual stock taking and stock valuation. Annual Audit supervision and co-ordination with auditors. Various MIS reports related to “purchase or manufacture”. Modification in MIS repots to comply with statutory regulations Lesion with tax lawyers, preparation of Income Tax return and co-ordination with sales tax section for preparation of sales tax return and refunds .etc.

My role in this Public Listed Company engaged in yarn manufacturing, was preparation/supervision of accounts, annual audit, sales tax audit, loan negotiation with banks, financing of assets, monthly management accounts, and other day to day engagements.

Completed four years article ship from Ilyas Saeed & Co., Chartered Accountants, a member firm of Midsnell Group Internationalan; an international association of independent chartered firm with over 200 member firms in 64 countries. Than worked as Consultant and than as Audit Manager with the same company.

Job sphere covered Audit, Tax and Consultancy services to various public and private clients covering manufacturing, textiles, banks, pharmacuiticals, chemicals, agricultural, Insurance and construction business.