founder and head of audit section
Egyptian pioneers group (chartered accountants &consultants )Independent member of UC & CS Global
Total years of experience :25 years, 10 Months
Head of Audit and Tax sections
Head of Audit and Tax sections
1- searching new interpretations and commenting on IFRS, ISAs exposure drafts, IFRICs tentative agenda decision, new pronouncements and standards projects
2- preparation of ISAs and IFRS implementation guides
3- Responding and analyzing of public's queries regard IFRS and IAS implementation regard sophisticated professional standards area
4- Preparation or review of implementations' guide, clarifications regard first time adoption or those standards applied as required for the first time
5-Share in review translated IFRS and ISAs
6- Making adequate consultancy regard new standards'project and share on commenting on these projects as published by highest professional bodies ( IASB, IFRIC or IAASB )
6- suggesting or proposing modification by newly proposed standards in Area which is lacking guide or treatment
• Perform internal pear review & quality inspection for audit assignments
• Review audit files for adequate audit documentation, audit plan, memo of assessing clients risks, adequacy of procedures performed to assess risk, and adequacy of audit responses to the risks(Tests of control -Substantive tests), reperform analytical procedures that my lead to gathering of additional evidences and review of management letters observations, impact and recommendations (if Any)
• Lead group of staff in especial assignments
• Provide technical opinion in regard IFRS application and sophisticated issues
• IFRS assignments in regard conversion from Saudi standards to IFRS
• Provide technical assistance whatever required to audit managers and staff
• Provide required technical training
• Work in accordance to budget restriction
• Review company manual and update it
• Initiate Risk based audit oriented assignments
• Provide presentation in regard to firm new policies and services to new potential clients
• Evaluate assistants and provide training to juniors
• Review consolidation, critical audit objectives, materiality, client’ management estimate and other issue need professional judgment in different aspect of audit
• lead Initial implementation for computerized audit assistants technique in the firm
• Lead staff in internal audit assignment, due diligences, and consulting assignments
• Update quality manual, perform pre issuance inspection, and assure discipline to SOCPA’s requirements for quality standards
• Discuss and approve annual audit plan
• Approve critical client audit strategies &plans
• Review documentation of current audit files
• Supervise significant audit finding Memo issued to client and in critical assignments
• Review appropriateness of audit report opinion in accordance to audit findings, materiality and memo of audit report opinion justifications
• Communicate with clients management in regard audit differences and itr resolution
• Establishing audit budget and assure adherent to firm audit strategy
• Reporting to partners and executive managers
• Lead various engagement under times pressure and meet deadlines through budget informally settled by exectuive manager
• Review the compliance with accounting Saudi standards issued by SOCPA preissuance of the audit report
• Review compliance with disclosure requirements of accounting Saudi standards issued by SOCPA reissuance of the audit report
• Review audit difference Memo and client’s responses procedure, and final effect on audit report
• Review the adequacy of last minute managerial procedures required for issuance of the client final approved financial statements and audit report
• Reviewing appropriateness of accounting policies and disclosure adequacy in accordance to GAAP requirements or IFRS
review of policies compliance with governance requirement issued by CMA
review zakat and tax calculation and provisions adequacy
• Approve audit plan and arrange meetings to discuss risk before staff visit for audit fieldwork procedures
• Based on meetings with financial controller and BOD perform initial risk assessment to transform to staff the audit high risk area
• Review initial analytical procedures to assess qualitatively audit risk and area with need to perform tests of control
• Finalized the audit plan and allocate rules to audit staff and to determine types of procedure required for various accounts and classes, timing of tests of controls and substantive tests depend on established communications with clients management- determine preliminary materiality
• Review fieldwork audit responsive procedures
• Review management letters and discussion with clients’ management in regard to risk, controls issues and significant audit findings
• Provide offer and engagement letter to new clients
• Lead staff in audit engagements
• Supervise fieldwork audit procedures and adherent to audit programs
• Supervise audit team and review of audit working papers
• Assisting in high risk area with those assigned estimates or substantive tests for account balances and classes of transactions relate to cycles with assertion relevant to high risk of material misstaments
• Review results of tests of control and their effect on risk assessment modification ( if any)
• Review audit adjustments and after modifications accounts and classes of transactions and those unadjusted balances and their impact on materiality and report
• Final review stage by some analytical procedures, review adequacy of report disclosure and draft report for discussion with management including management letter with internal control's deficiencies and material weaknesses
• Evaluation of staff performance and provide weekly training
• Represent client in inspections from legal authorities for tax purposes
1-reveiw adequacy of Performed substantive tests (tests of details and analytical procedures).
2- perform final stage analytical procedures for some classes of transaction including trend and ratio analysis for discussing with managers and staff in regard to appropriatness of conclusion being reached
3-supervise observation of physical count of inventory, cash .
4-review documentation of understanding of entity environment and I/C using questionnaire, memorandum and perform tests of controls for specific controls and draft management letter, also review risk assessment evaluation , identification of risk(including business risk-entity specific risk, business strategies , effectivness of risk managment programs of the client including tests necessary for control activities
and determination of fraud risk and anti fraud controls identification and understanding of control, implementation and effectiveness of its operation .
5-supervise preparation for engagement audit plan and strategy
6-propose audit adjustments and report significant adjustments to board of directors
7-study the impact of uncorrected misstatements on audit report and draft audit report
9-supervise and coordianation of Obtaining, documenting and processing of audit evidences on significant classes of transactionand critical audit objective, risk assessment, further audit procedures.
10-supervise following audit programs, audit documentation and prepare current audit file to peer review
11-Review juniors and assistants audit working papers in accordance to appropriatness and sufficiency and materiality level for each account and relevant assertion
13-Review management reasonableness of estimates and adequacy of related party disclosures, and sensitive disclusre requirements
14-review process of Preparation of consolidated financial statements
15-Review appropriateness of accounting policies and disclosure .
1-review adequacy of Performed substantive tests (tests of details and analytical procedures).
2- perform final stage analytical procedures for some classes of transaction including trend and ratio analysis for discussing with managers and staff in regard to appropriateness of conclusion being reached
3-supervise observation of physical count of inventory, cash .
4-review documentation of understanding of entity environment and I/C using questionnaire, memorandum and perform tests of controls for specific controls and draft management letter, also review risk assessment evaluation in accordance to PCAOB standards, identification of risk(including business risk-entity specific risk, business strategies , effectivness of risk managment programs of the client including tests necessary for control activities
and determination of fraud risk and anti fraud controls identification and understanding of control, implementation and effectiveness of its operation .
5-supervise preparation for engagement audit plan and strategy
6-propose audit adjustments and report significant adjustments to board of directors
7-study the impact of uncorrected misstatements on audit report and draft audit report
9-supervise and coordianation of Obtaining, documenting and processing of audit evidences on significant classes of transactionand critical audit objective, risk assessment, further audit procedures.
10-supervise following audit programs, audit documentation and prepare current audit file to peer review
11-Review juniors and assistants audit working papers in accordance to appropriatness and sufficiency and materiality level for each account and relevant assertion
13-Review management reasonableness of estimates and adequacy of related party disclosures, and sensitive disclusre requirements
14-review process of Preparation of consolidated financial statements
15-Review appropriateness of accounting policies and disclosure .
planning resposibility
conduct fieldwork procedures for critical audit objectives and significant accounts and classes of transactions
supervise staff on fiedwork
propose audit adjustments
preparation of reports on internal control
preparation of auditor report
discussing governanace bodies on report, qualifications, internal control weakness
handle esspecial assignments include designing of accounting and information management system
review of assistants work
propose of critical audit adjustments
determination of type of audit report
review of companies procedures in meeting corporate governance requirements in accordance to laws and governance code
handle fieldwork procedures under budjeted time for engagements
training for assistances and juniors
handle esspecial assignments of internal audit, accounting system and internal control establishment, cashflow and cash management analysis, legal advices, sales analysis, management risk analysis and evaluation
supervise assistants in a lot of engagements in regard to assurance service,
conduct of field work procedures and substantive tests to substantiate critical audit objective
perform analytical procedures in planning and as substantive tests using especialized software
perform engagement within a budjeted engagement time
preparation of management letter after conducting tests of control,
communication with governance bodies in regard to signicant audit adjustments, and controls reportable conditions
propose year end audit adjustments and preparation of draft report (english or arabic),
discussing the fieldwork procedures and adjustments or qualifications with the manager
perform risk based audit procedures through using of especialized soft ware (KAM)-(firm audit manual)
review of companies procedures in meeting corporate governance requirements in accordance to laws and governance code
review companies compliance with egyptian securities exchange market regulations
file tax return in accordance to egyptian tax laws
clients or industeries type:food manufacturing, mining, steel industry, construction, hotels, education, fertilizing, paper industry, banks, import and exports, tourism,
supervise team work in many attestation engagements, responsibilties include fieldwork procedures, review the work of assistances, propose adgustments, prepare audit report(in arabic, or english), and reporting to audit manager, discussing type of audit report
types of client or industeries :food industry, import and export, construction companies
conducting of other services such as bookkeeping, tax advisory, tax return preparation, propose solutions that enable client to be relief from tax purden
assist in a lot of engagements, for clients in different fields of industry, mining, construction, banks and hotels
assist in two engagements, audit of especial government units of alexandria university(non for profit units), Nobaria (agriculture company), Alexandria for extracted oil(food oil manufacturing)
pass the cpa exam by april first 2006, the four section from the first attempt,high grades in audit and accounting
accumulated grades(very good)