Manager Tax & Audit
Amazon Foods (Golden Amazon Food Stuff Trading)
Total years of experience :20 years, 9 Months
Have good knowledge of financial and cost accounting principles
Have experience of managing receivables and payables
Have experience to manage banks and reconciliations
Have experience in management reporting and budgeting, control accounts and customized management reporting
To prepare accounting policies and procedures for accounting and tax for smooth and error free workings
To ensure the proper bookkeeping and accounting as record by Standards and Tax Laws for reporting
To file monthly VAT return after completing the required information and cross checking the data to make error free workings
To file monthly Excise Tax return after completing the required information and cross checking the data to make error free workings
To conduct regular stock taking of the inventory and prepare reconciliations of the inventory for tax audit purposes
To conduct internal audit of payments and sales on regular basis and implement controls in accounting
Get the audit approved from FTA for VAT and taken refunds for the refundable amounts
To prepare tax files for audit after continuously follow up from the concerned departments, especially record related to imports and exports
To communicate with Tax Authorities regularly regarding tax matters
To deal with external auditors regarding statutory audit requirements and financial audit purposes.
Registration services to clients for VAT compliance.
Prepared formats for legal documents required by Decree Law No. 7 and 8 and respective Executive Regulations.
Prepared list of record every registrant needs to prepare to comply with VAT Laws.
Advisory on all issues of clients regarding VAT queries and record keeping requirements with information for penalties that will be imposed for on compliance.
Securing contracts for VAT returns filing for clients according to VAT Laws.
Plan, supervise, and review work of assigned subordinates.
Preparation and analysis of financial statements with reporting to management as per need.
Examine and evaluate financial information and information system flows to recommend any controls.
Consultancy to client how to keep proper record and filing of record.
System study for cost reductions and revenue enhancing.
WPS services for clients.
Preparation of budgets of clients and review performances.
Financing services for clients and consultancy for their proper disclosures in FS.
Planning observation of physical stock count and review thereof.
Meeting with different levels of management of the client including CEO, CFO and Directors.
Preparation of management reports for Director Finance and CEO for decision making.
Costing calculations and controlling.
Preparation of final financial statements for management with complete supportive notes.
Preparing system flows charts and system notes during audit execution to understand the processes.
Addressing risks or issues identified during the course of audit.
Preparing report consisting observation, potential risks, risk rating, and recommendations.
Liaison with senior management at planning phase, during the course of audit and exit meeting.
Ensuring complete documentation using internal audit and accounting record.
Conduct special audit assignments as directed by higher management.
While I was at Kamal Limited, I traced a fraud regarding stitching production. Moreover, I suggest measures to control it in future.The amount of fraud were averagely PKR 450, 000 per month.
Further I have traced a fraud in Kamal Limited regarding goods sent outside on returnable basis for miscellaneous purposes but not returned back ever. The amount of those goods was estimated as PKR 6, 140, 000 approx.
Planning audit and review engagements in line with ISAs.
Planning observation of physical stock count and review thereof.
Identification of critical areas and audit strategy.
Understanding the business cycles, internal controls system and identification of significant risk areas.
Carrying out audit execution & review of all account heads.
Carrying out Test of Controls and Substantive Audit Procedures.
Identification of internal control weaknesses and giving recommendations in line with best practices.
Ensuring satisfactory clearance of my audit engagements Engagement Quality Control Reviewer.
Reporting and assisting to Managers and Partners in audit & assurance matters.
Successful and timely completion of audit work.
Ensuring completeness, correctness and updated working papers in files.
Meeting with different levels of management of the client including CEO, CFO and Directors.
Preparing detailed reports on audit findings.
Preparation of data for filing of sales tax returns on monthly basis and record keeping (sales tax register, sales tax ledgers, sales tax input and output accounts for each types of accounts, sales tax invoices and Dr. Cr. Notes) as per Sales Tax Act 1990 and respective rules for 2002.
Preparation of data for withholding tax returns filing on monthly basis as per Income Tax Ordinance 1932.
Depositing of withholding tax into State Bank on regular basis to avoid any penalty.
Preparation of monthly bank reconciliations
Physical stock counting on monthly basis and valuation
Payment of site expenses related to overheads
Maintenance of petty cash with the cashier and control the cash vouchers
Payment and recording of accrued expenses
Preparation of payroll sheets from attendance system and its timely payment.
CPA
CA Finalist
Bachelor of Commerce University of the Punjab, Lahore, Pakistan 2003