Chief Audit Executive
National Medical Care Comany NMCC
Total des années d'expérience :31 years, 4 Mois
I am directing, organizing, controlling, planning the audit to determine the inherent risks in the processes and suggest the recommendations to alleviate such risks to minimize losses;
Examination of operational as well as financial information; Ensure compliance with laws, regulations, plans, policies and procedures,
Verifying the means of safeguarding company resources and properties,
Ensure efficient and economic use of resources;
Ensure the system is adequate and efficient to help accomplishment of goals and objective set forth by top level management; communicate results to relevant management and.
Follow-up implementation of corrective actions taken to improve internal control, risk management system and governance process.
In addition to participation and involvement in other special assignment requested by management. Coordination with external auditors, state auditors and other review bodies if any.
Hiring, training, supervising audit staff.
Reporting to AC and BOD any deficiencies in control and noncompliance to regulations set-forth by CMA or any agency.
As a secretary to Audit Committee:
I schedule and arrange meetings,
Take notes during the meetings and prepare the minutes,
Maintain materials and file minutes of meetings,
Follow up implementation of actions taken by AC
Establish the annual internal audit plan and manage internal and external resources to execute the plan.
Design procedures that provide assurance to management, the Audit Committee, external auditors and shareholders that operations, financial statements and reports comply with company policy, as well as generally accepted accounting practices.
Evaluates and provides reasonable assurance that risk management, control, and governance systems are functioning as intended and will enable the organization’s objectives and goals to be met.
Reports risk management issues and internal controls a deficiency identified directly to the audit committee and provides recommendations for improving the organization’s operations, in terms of both efficient and effective performance.
Evaluates regulatory compliance program with consultation from legal counsel.
Evaluates the organization’s readiness in case of business interruption.
Maintains open communication with management and the audit committee teams with other internal and external resources as appropriate.
Oversee the execution of other tasks or special projects when required by management, such as due diligence reviews, fraud investigation, etc.
Maintain a dialogue with other industry colleagues from professional audit organizations and commercial enterprises.
Assist the development of an internal control culture, including training to staff.
Monitor the trends and developments in the internal audit area. Keep abreast of industry issues and trends in order to proactively shape Internal Audit practices and procedures.
Partner with functional leadership and their staff in developing strong, professional and independent relationships to ensure a comprehensive understanding of the business to enable value added recommendations that improve efficiency and effectiveness.
I am fully responsible for the internal audit functions, including but limited to :
Internal control system evaluation;
Risk system evalaution;
governace process
Recommending solutions for risks;
Advise management on projects;
Establishing the audit charter, manual; policies, procedures, etc
Planning audit to identify inherent risks associated with the processes and find out solution to alleviate them;
Examination and review of processes to evaluate adequacy and effectiveness of internal control system for prevention, detection and correction of erroneous doings; reliability and integrity of information, compliance to rules, laws, regulations, policies plans and procedures, means of safeguarding company assets, economic and efficient use of resources to accomplish the objectives; etc..
Reporting such deficiencies to concerned persons to take timely corrective action to improve the system;
Follow up to ensure the implementation of corrective actions, on going monitoring for continual system improvement to add value the company
Coordination with external auditor with respect to working papers to reduce the scope of work, etc…
Conduct special assignment as per senior management `s request
I am fully responsible for the internal audit department functions including but not limited to:
Planning the audit to determine the inherent risk in the processes and suggest the recommendations to alleviate such risk to minimize losses;
Evaluate adequacy and effectiveness of internal control system;
Examination reliability and integrity of operational as well as financial information;
Test compliance with laws, regulations, plans, policies and procedures;
Verify means of safeguarding company resources and properties;
Evalaute efficiency and economic use of resources;
Ensure consistency of systems for accomplishment of goals and objective set forth by top level management;
Communicate results to relative management, audit committee and BOD and
Follow-up of corrective actions taken to ensure its implementation and improvement in the system of control;
In addition to participation and involvement in other special assignment requested by management. Coordination with external auditors, state auditors and other review bodies
Conduct financial, operational audits in the business units` premises according to the pre-developed audits plans and programs based on the risk assessment process.
Document and present findings and relevant information regarding the conditions encountered in the audit that deviates from the group’s policies and procedures through properly supported working papers and audit files.
Through discussion with business units` personnel, give an opinion and reasons that explains the factors that may have caused such deviations and provide suggestions on what can be done to eliminate these deviations or achieve the intended levels of performance.
Identify, through discussions and inquiries, undesirable risks that could be resulted in deviations or irregularities in future.
Verify the accuracy and integrity of financial and operational information in addition to the means used to process, prepare and report such information, through the examination of evidential matters and the documentation of internal controls within the business units.
Verify conformity to operational and financial procedures at all Group levels and report findings to the audit management.
Determine the sufficiency of internal control procedures and ensure that internal control objectives, pertaining to authorization and reporting of business activities and safeguarding of assets, are attained.
Perform audit test that are aimed at measuring the sufficiency and effectiveness of the most detailed operational process include but not limited to
- Showrooms processes
- Wholesales processes and credit control
- Warehouses and logistics processes
- Close monitoring of cash collected and its timely deposit for better investment opportunities
- Local Purchases and administration
- Financial Accounting- System security Internal Auditor.
Perform audit tasks to ascertain whether results are consistent with Group established objectives and goals, whether operations are carried out as planned.
Senior Accountant
Vouching, recording, posting, adjusting and closing the books.
Handling the responsibility of General Ledger, Subsidiary Ledgers
Processing the bank Reconciliation.
Accounts Receivable and Payable Reconciliation
Monitoring of collection, Cash, Gold and Jewelry
Preparation of financial statements including the Trial Balance, Balance Sheet, Profit and loss accounts, Cash flow
Supervision of Production and Costs, Follow- up and control of wastage
Vouching, recording, posting, adjusting and closing the books.
Handling the responsibility of General Ledger, Subsidiary Ledgers
Preparation of bank Reconciliation.
Accounts Receivable and Payable Reconciliation & Preparation of financial statements including the Trial Balance, Balance Sheet, Profit and loss accounts, Cash flow
CMA
CIA
Bachelor`s degree major in accounting