Internal Audit Manager
Emirates Driving Company
Total years of experience :15 years, 0 Months
I am responsible for managing the internal audit function of the Group comprising of following:
- Emirates Driving Company PJSC (Listed on Abu Dhabi Stock Exchange)
- Tabieah Property Management (Real estate holding company)
- Qeyyadah Driving
Initiates the planning process includes coordinating information gathering meetings, researching operational and financial data as well as setting agenda for Audit meetings
COSO framework compliance in the design of internal of the group.
Develop an annual audit plan. Lead and execute audit engagements, ensuring audit procedures are appropriate including identifying and defining issues, developing creative audit techniques, conducting interviews as well as reviewing and analyzing processes, systems and documentation
Assess the adequacy and effectiveness of internal controls, compliance with policies & procedures, reliability and integrity of financial and operational information and effectiveness and efficiency of operations
Identify control gaps and process improvement opportunities. Establish and ensure sustainable monitoring and follow-up activities, recommendations and action plans.
Report regularly to the Audit Committee on the audit plan and status of implementation of remediation plans put in place to improve internal controls.
Manage an appropriate interface with external auditors.
Special Projects:
Microsoft Dynamic AX2012 implementation: Liaison with consultants for the Finance, Procurement and Budgeting modules implementations
VAT Implementation: I have successfully completed the project of Value Added Tax (VAT) implementation as liaison officer with the VAT consultants (GT UAE).
While working at Nexia International (Dubai UAE), as Assistant Manager Audit. I was responsible for directly reporting to Chairman at regional Head Office in Lebanon and finalizing the engagements.
I was assigned the following major responsibilities:
Initial planning of the job, identification of control risk, mega major process and key risky areas during the process.
Managing and allocating teams to the clients.
Conducting and reviewing a number of assurance assignments, which included planning, budgeting, organizing, controlling and reviewing the entire job, understanding internal controls and conducting system reviews with the objective of recommending improvements.
Preparing and submission of international reporting of multinational corporations (MNCs) deliverables.
Extensive application of the International Financial Reporting Standards (IFRS’s) and reviewing financial statements to ensure compliance therewith.
Preparation of client deliverables and reports such as, management letter (ML), identifying control weaknesses, its risk implications and recommendations.
At Gulistan Group of Companies is a group involved in Textile business, biggest industry in Pakistan, having all the facilities including Ginning, Spinning, Weaving, Dying and Stitching.
I was reporting to CEO and CFO, assigned the following major responsibilities:
Preparing Annual Financial Statements of the company under International Financial Reporting Standards (IFRS) and Companies Ordinance, 1984 of Pakistan.
Preparing monthly management reporting.
Keeping track of daily production from fabric production reports and reporting the variances from production plan.
Evaluating and reporting the impact of production variances and loss of revenue and reasons for variances.
Coordinating with Costing manager to set the monthly budgets for each department, keeping track of performance, and reporting variances.
Cash flow forecasting and sensitivity analysis based on the factors affecting the cash flows.
Liaison with statutory auditors and internal auditors.
Ensuring internal controls were being followed effectively to assure reliability of financial reports.
During the period of four (4) years with BDO, I was involved in various assignments including full scope audit and risk advisory services, limited compliance reviews, agreed upon procedures, special certifications in accordance with the regulatory requirements etc.
Major Clients Include:
-United Bank Limited (Largest Bank with 1, 300 Branches)
-JS Bank Limited
-First Women Bank Limited
-Premier Insurance Limited
-Century Paper Milles Limited (Largest Board Manufacturer)
-Ittehad Chemicals Limited
Conducting and reviewing a number of assurance assignments, which included planning, budgeting, organizing, controlling and reviewing the entire job, understanding internal controls and conducting system reviews with the objective of recommending improvements.
Planning and scheduling of audit programs and ensuring timely completion of audits with the use of BDO Audit Methodology and the Software i.e. APT.
Planning, execution and finalization of audit assignments as per the requirements of International Standards on Auditing (ISA), corporate laws and other pronouncements of the local regulatory bodies.
Assessment of audit risk associated with the clients and determination of overall audit approach.
Extensive application of the International Financial Reporting Standards (IFRS’s) and reviewing financial statements to ensure compliance therewith.
During the period I worked with ERP department on the project of Oracle Financials implementations at Kashf Foundation (micro finance institution). The ensuing bullets describe the major tasks I performed during my professional experience:
Preparing manuals for end user training at training sessions on different modules including General Ledger, Accounts payable, Accounts Receivables, Fixed Assets and Cash Management.
Providing support to client staff during data migration process to Oracle.
Opening new accounts in the system and chart of accounts.
Raise SR (Service Request) and follow up with Oracle to fix system bugs and meet the deadlines.
Reconciliation of accounts with legacy system after Go Live.
Providing day-to-day operational support of Oracle Financial modules to the client ( primarily the Finance Department)
Final project will be submitted in November 2019 and results are expected in March 2020.
I have done CIA (USA). This is specialized certification in Internal Audit and Internal Controls and Risk Management.
I am UAE Chartered Accountant (UAECA). UAECA has Royal Charter from UAE Government and it is issued by Accountants & Auditors Association (AAA) of the UAE.
I am ACCA member. ACCA has Royal chartered from Queen of United Kingdom. And it is one of the largest body of professional accountants in the world.
I have done bachelors from University of the Punjab with majors in Statistics and Journalism.