سامر ديراوي

Tax- VAT:
• Team leader of VAT implementation& compliance project across the group along with E&Y Tax specialists.
 Assessment of VAT regulations on the purchases categories, accordingly identifying the accurate VAT treatment.
 Analyzing the VAT impact on inter-companies transactions.
 Worked with Oracle- Consultants to design VAT processes workflow in SCM & Financial modules.
 Streamlined the VAT processes to ensure compliance to Federal Tax Authority in UAE & GAZT in KSA.
 Perform On-going review of contracts, invoices and tax credit notes to ensure compliance with VAT mandatory requirements.
 Handling VAT filling for Group branches UAE & KSA.
 Supply Tax Audit requirements and explanation.

Internal Audit:
• Plan and conduct risk assessment in particular to fin. and operational audits.

 Update Risk register along with the mitigation actions presented by HoDs, and prepare BoD risks slides for the audit committee.
 Review operational practices, such as performing walk-through review of tendering and purchasing process, identifying gaps, implications and present recommendations.
 Prepared reports on audits made, and recommendations for control and operational improvements and discuss with HoDs.
 Recommended revisions in workflow that resulted a reduction of cost in SCM and overhead: Centralized the supply chain function, etc.

Risk & Business Processes Improvement:
 Review Processes across HR, Finance & SCM and identify situation as ‘’it is’’ and introduce number of governing policies:
 Whistleblowing policy.
 Establish whistleblowing channels.
 Policies that have direct financial implications (Business Mobile Policies, Business Travel Policy, Credit Card Policy, etc.).
 Participate with KPMG governance review across the group; it was great learning experience, and work on the implementation of the report.

 Appointed as a team member to set-up the internal audit function as per Abu Dhabi Accountability Authority Requirements.

Highlights: Audit Assignments - Planning and Implementation:

 Participated in the setup of the Internal audit function for a company of 100+ employees
 Set-up processes of audit universe, annual audit plan, documentation, reporting.
 Assess internal controls and risk areas against the impact and likelihood and categorize them in risk matrix based on Financial; Operational; Governance and Strategic impact.
 Analyze the workflow in light to the approved authority matrix; governing policies and control practices.
 Report on risk issues and internal controls deficiencies identified and provide recommendations for improving the company’s operations, Improve the internal control processes and to mitigate the associated risks
 Prepare audit programs, working papers detailing audit procedures, process diagrams, and ensure adequate audit evidence in accordance with the acceptable standards.
 Conduct follow-up activities to appraise the adequacy of action taken by management to correct reported deficiencies.
 Prepare the Risk Heat-Map and present the final reports to the audit committee

 Designated to independently handle audit assignments for clients operating in different fields.
 Led a core team of five during each assignment / project to plan, schedule and streamline audit activities at client locations.
Highlights: Audit Assignments - Planning and Implementation:
 Highlighted risks in financial terms to appropriately advise the management and discussed the mitigation strategies.
 Reviewed accounting and financial information, confirmed accuracy of accounting treatments.
 Provided guidelines and interpretations for accounting of complex business transactions with multiple recording and taxation / compliance specifications.
 Scrutinized financial reports and internal audit records to verify compliance with accounting standards and financial reporting guidelines.
 Appraised transaction processing and payment release for all vendor / 3rd party entities and validated accounting trail through verification of purchase orders, invoices, bank statements etc.
 Prepared and submitted audit reports, discussed key issues / non-conformance with the management / clients and provided accounting compliance, taxation, financial reporting and financial statement audit services as required
 Examined financial reports and internal audit records to verify compliance with accounting standards and financial reporting guidelines.

Client Interaction and Advisory Services:
 Examined internal controls deployed by clients to prevent financial mismanagement and frauds, identified shortfalls in recording and reporting of business transactions and recommended measures to address specific problems.
 Recommended modifications to internal processes and systems to improve risk management capabilities and enhance compliance; extended support to clients for the enforcement of a corporate governance structure.
 Monitored accounting compliance and reporting examined consolidated financial statements / balance sheets for business units operating in different regions across the globe and worked with client representatives to validate tax payments as per law.