Senior Internal Auditor
R Holding
Total years of experience :15 years, 7 Months
• R holding Is a highly regarded group based in UAE with its businesses spread across Middle East and UK, Main businesses include Real Estate, Hospitality & Leisure, Construction, Real Estate and Higher Education.
• This position reports to Group Head of Internal Audit and the major audits includes:
Payroll,
Night audit function,
Income Audit,
Sales and marketing,
Investigation audits on Frauds,
Human Resource department,
Revenue cash and bank audit,
Laundry and housekeeping,
Engineering,
Spa and health club,
fixed asset,
Accounts receivables and payables,
Front office,
Cost control,
Purchasing function,
Inventory audit,
Food and beverage audit and
IT Audit.
• This roll also includes:
Execution of internal audit.
Participate in the risk assessment process as to identify key risk areas,
discussion of the key risks and controls with the process owners,
preparation of risk & control matrix (RCM) and performing walkthroughs.
Following up on action plans in order to ensure that all internal controls are in place with minimum supervision.
Identifying and testing the controls for effectiveness.
Reviewing the approval process to ensure that company policies/ procedures and delegations of authorities are complied.
Document and confirm the issues raised and the management response (Sign off all the working papers)
Ensuring all control weakness are properly reported and escalated as well as completion of audits within agreed timescales.
Preparation of professional audit reports which clearly communicate findings, analysis, appraisals, recommendations and information concerning the activities audited.
Attend the closing meeting with the Head of the Department / Section to discuss the issues raised and the proposed recommendations.
Participate in conducting the follow up assignments to ensure the proper implementation of the corrective actions agreed in the report.
Presenting the summary of audit findings to the Managing Director in the weekly Co-ordination and Review meeting.
• Preparing in-house financial as well as yearly financial for Audit. Assist to the external auditor in the annual audit of the company.
• Providing regular MIS reports to the management as and when required including fees defaulters, payable, fund status, BRS Statement.
• Maintaining and processing WPS-Payroll for more than 400 staff including academic and non-academic.
• Forecast availability of finance for meeting short term to long term liabilities.
• Prepare student aged analysis on a monthly basis to support prompt collection and avoid defaulters.
• Successful transition and implementation “Periodic inventory system” to “Perpetual inventory System” in Book Store and Uniform Store.
• Assess and review implemented procedure of Inventory management and made improvement based on mutual constructive discussion.
• Conduct monthly meeting with Accounts and Finance department for seeking suggestion for smooth & efficient running of financial and accounts operations.
• Successfully implemented internal control system.
• Assess and reviewed currently running procedure of Inventory management and made improvement based on mutual constructive discussion.
• Forecast availability of finance for matching short term to long term liabilities.
• Deal with banks regarding timely payment, Cheque Book, L.C., Statement of Account and pending payments & Prediction of availability of Finance on the basis of daily Cheque, POS & Cash Collection & Issuance.
• Prepare customer aged analysis on a weekly basis to support prompt arrangement of finance. Conduct monthly meeting with Accounts and Finance department for seeking suggestion for smooth & efficient running of financial and accounts operations.
As an Auditor Assistant under Chartered Accountants, I have worked in different fields like Auditing, Accounting, Taxation, Costing, of different organization in different industry like
Iron & Steel Manufacturing,
Construction,
Plastic Fabric Manufacturing,
Hospitals internal audit, statutory audit as well as special requirement audit which includes Monthly revenue report preparation for special department and verification of monthly billing of patients,
Schools audit as per government requirement as well as special requirement audit of regarding class wise fees receivable verification and report formation for each quarter and annual reports
Insurance company audit as per IRDA,
Pump manufacturing company statutory audit,
Banks audit as per RBI,
Food grains merchants audit,
Machinery Manufacturing company audit,
Travel Agents, Florists and Poultry Farm company accounting & auditing.
I had handle more than 700 companies tax audit, 10 companies monthly internal audit, 4 schools quarterly fees audit, 1 hospital regular monthly full management audit. Handle audit of hospitals, government insurance company, manufacturing companies, bank statutory audit, Stock audit of different trading and manufacturing companies time to time during my internships of 3 and half year. Clear my CA IN 2ND ATTEMPT