شاهد Farman

Associate Overseas Complliance في Malik Haroon Shahid Safdar and Co Chartered Accountant

• باكستان - كراتشي
• فبراير 2020 إلى أبريل 2024

Handled dynamic tasks spanning across audit, accounting, and finance. Demonstrated extensive experience gained through secondment assignments, effectively overseeing, and managing the financial functions of diverse clients. Efficiently managed foreign exchange transactions while maintaining high attention to detail
 Proficiently handled all facets of accounting, including meticulous data entry using QuickBooks, Sage, Xero & comprehensive schedule preparation.
 Reconciliation of accounts payable and receivable.
 Reconciliation of bank statements & payroll management.
 Management of all accounting transaction and maintaining of proper books of accounts.
 Handle monthly, quarterly and yearly closing.
 Performed reconciliation with the company’s head office located in China.
 Successfully administered and evaluated various ERP modules for control effectiveness such as procurement, fixed assets register, financial, sales, and inventory, as well as provided suitable recommendations in areas of improvement.
 Maintained oversight and performed comprehensive accounting procedures, responsible for formulating and delivering monthly and annual financial budgets. Tasked with preparing management financial statements on a monthly basis and financial statements on an annual basis. Ensured full compliance with all relevant organizational policies and procedures.
 Collaborate with audit team members to plan and schedule upcoming audits based on organizational priorities and audit plans.
 Identify and assess potential risks within the areas to be audited.
 Analyze historical data, trends, and current practices to evaluate risk exposure.
 Review relevant documentation such as policies, procedures, regulations, and previous audit reports to understand the audit subject matter thoroughly.
 Ensure that all necessary documentation is available and up to date for the audit.
 Develop audit programs outlining the audit procedures and methodologies to be followed during the audit.
 Customize audit programs based on the specific requirements of each audit engagement.
 Ensure that the audit operations, processes, and activities comply with applicable laws, regulations, and internal policies.
 Identify any non-compliance issues and assess their impact on the organization.
 Maintain detailed documentation of pre-audit activities, including audit plans, risk assessments, and communication records.
 Prepare pre-audit reports summarizing the findings of the planning phase, including identified risks, objectives, and proposed audit strategies.
 Participate in ongoing process improvement initiatives to enhance the effectiveness and efficiency of the internal audit function.
 Provide feedback and suggestions for improving audit processes, methodologies, and tools.
 Stay updated on relevant audit standards, regulations, and industry best practices.
 Participate in training programs and professional development activities to enhance audit skills and knowledge.
 Communicated audit findings, recommendations, and observations to management and stakeholders through written reports and presentations.
 Tasked with executing taxation assignments, financial management plan, and supervising withholding taxes (U/S 165), tax audits (U/S 177), withholding and income tax returns, filing GST, and overall tax planning.
 Quarterly preparation of withholding tax summary and filing with respective authority.
 Invoice evaluation and confirmation of withholding tax rate.
 Deduction of Zakat under Zakat and Ushr ordinance.
 Entrusted to oversee and manage company taxation matters as well as intricate revenue calculations including interim payment certificates - IPCs and translation & conversion of foreign currency transactions .