Tanweer Ali

Group comprises on number of firms engaged in different business lines e.g Electric Power & Civil Construction, Trading, Contracting businesses. Major Clients include Saudi Electricity, Saudi Aramco, SABIC.

Working as Senior Internal Auditor
• Performing the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable Policies & SOPs.
• Determining internal audit scope and developing annual plan.
• Prepare and present reports that reflect audit’s results and document process.
• Identify loopholes and recommend risk aversion measuring and cost saving.
• Maintain open communication with management.
• Document process and prepare audit findings memorandum.
• Conduct follow up audits to monitor management’s interventions.
• Conducting investigation on Chairman/CEO requests/ whistle blowing and areas identified during planned audit fieldwork

MMG main businesses include construction of oil, gas, civil and petrochemical, Fabrication Services etc. The Clients include Saudi Aramco, SABIC, Ma’aden, SK, Daelim and etc.

Worked as Audit Supervisor
o Finalizing Audit Reports
o Managing cross-departmental teams to improve audit processes
o Supervising and carrying out planned and special audit assignments including fraud investigation.
o Assessing organization potential risks and recommending effective controls.
o Developing annual audit plans based upon risk assessment
o Development of IA budget and its monitoring
o Having regular communication and meetings with Auditees and Senior Management
o Carrying out Audit follow-ups
o Preparing quarterly reports to Board of Audit Committee.


SPECIAL INVESTIGATIONS:
Apart from routine/planned audits, carried out following special investigations:
- Employees withdrew their salaries from Client by using company fake approved email approvals.
- Unusual water consumption at Labour camps (finally it was misapplication by camp Admin.)
- Inappropriate treatment of Performance Bond, Adv. Bank Guarantees and etc. lead to huge losses to the company.
- Excess payment of Insurance.
- Duplicate vendor payments
- Employees stole the project material and sold secretly

Planned Audits
- Performed various project audits from project mobilization to finalization stage. The areas covered are (a) Main contract administration (b) subcontract Administration (c) Material, manpower, equipment planning, mobilization and actual monitoring (d) Porject progress and billing (e) Change Order administration (f) Warehousing and etc.
- Performed several audits of Procurement, Finance & Accounting Dept e.g Revenue, & AR, AP, Fixed Asset, Expenditure cycle, HRD, Customer advances & its adjustment, Advance Bank Guarantees, Performance Bonds and etc.
o Performed pre-audits of various expenses and payments.

Consultancy to Management
- Development of procedures for new established department includes Designing of various processes, Advances to Employees and Fixed Asset Cycle.
- Has been part of the team preparing the contracts and ensured appropriateness/ completeness.
- Highlighted the significant risks before signing the Contracts and coordinated with Management to implement the right procedures to mitigate the potential risks.
- Coordinated with Project Site Team to ensure monitoring of main and sub contracts for Project Billing, Project Progress, successful settlement of Change Orders and Claims.

Member of Disciplinary Committee
- Carried-out special investigation on Employees misconduct e.g selling of company assets, inappropriate utilization/claims on company provided vehicles and housing, inappropriate medical claims and etc.
- Fraud (the collusion between Employees and Subcontractor) caused losses to the company

Performed various audits of Construction/ Real Estate Division and Non-Profit Organization
o Performing regular audits
o Drafting the audit reports
o Evaluating risks and controls for the Project Management business line
o Planning and scheduling audits

Engaged in Construction/Contracting, Manufacturing and Trading businesses:

o Pre-Audits of all expenses and payments.
o Various audits pertaining to Contracting/Construction, Real Estate, Trading and Manufacturing Divisions.