Shafiq Zahid

• Conducted audits on leave encashment, bonus/resigned bonus, overtime claims, cash transactions, repair & maintenance
expenses, and freight payments across mills and head office.
• Reviewed garment sales, revenue & expenditure (Sapphire Farms Services), mill budgets, and over-budget spending,
recommending cost-saving measures.
• Supported automation of manual audit processes and contributed to drafting SOPs & assurance frameworks for Samsung
Electronics (SECL).
• Performed BRS feeding reviews and monitored IT General Controls remediation to strengthen governance and
compliance.

Performed pre- and post-audits of payroll, settlements, vendor payments, export/import duties, and provident funds.
Reviewed bank reconciliations, cotton & yarn, and Texpak transactions, ensuring compliance and accuracy. Implemented SOPs for petty cash/internal controls, improving efficiency. Assisted senior auditors in board reporting, compliance reviews, and audit management. Leave & Bonus Audits (HO & Mills): Ensured compliance with policies and labor laws. ERP Implementation: Led rollout across mills, coordinated training, and provided post-launch support. Related Party Transactions: Reviewed financial statements and contracts for transparency. Demurrage & Detention Audit: Validated import/export charges for accuracy. Procure-to-Pay (P2P) Audit: Partnered with external auditors; improved procurement controls, vendor evaluations, and cost optimization. Policy Compliance: Conducted regular reviews of mills’ legal and internal compliance, recommending improvements.

- Supported senior auditors in preparing reports for management and board committees. Conducted inventory and sales audits across multiple outlets nationwide, ensuring revenue accuracy and fraud prevention. Entered, extracted, and analyzed data using ERP systems (ODOO & LOYVERSE) for financial reporting. Conducted payroll audits to ensure compliance with HR policies and statutory requirements. Verified employee settlements at the time of exit. Performed field audits of retail outlets, kiosks, and factories to evaluate operational compliance

Pre-audit of export commission and import duties Verification/audit of salaries/wages for different mills against budgets. - - - - - Verification of Final settlement calculation for employees and provident funds Preparation and running SOPs for petty cash cheques Assisting senior team members in compiling board committee reports Leaves encashment and bonus audit Stock count audit for numerous mills