Senior Auditor / Internal Auditor
Lootah Group of Companies
مجموع سنوات الخبرة :17 years, 1 أشهر
Lootah is a diversified conglomerate group engaged in multiple business sectors including concrete manufacturing, building material, construction, real estate and technology. I am directly reporting to Vice Chairman of our Group. I am currently working as Senior Accountant for different Companies under Lootah Group and also as Internal Auditor at the Group level.
Responsibilities:
• In order to get complete understanding and improvement of accounting system, I walked through the system and operations and personally performed the roles of GL accountant, Payroll Accountant, Payable & Imprest cash management.
• Evaluate systems, internal controls, risk management and governance processes for all areas of business, Identifying areas of improvement and ensure implementation.
• Preparing and Assisting the Financial Statement Closing Process (FSCP) quarterly, covering all aspects starting data capturing to corporate reporting.
• Devising and implementing systems of internal controls to ensure their adequacy and compliance with management requirements and SOP’s in consultations with the top-tier group management.
• Perform audits, audit follow ups and special assignments (process reviews, investigations).
• Develop appropriate audit programs in line with risk assessment.
• Collection, validation and analysis of information from different levels of organization.
• Discussions of audit points for implementation with stakeholders that include line managers from all business areas.
• Participation in the implementation of new ERP system, Oracle E -Business Suite (EBS)
• Responsible for smooth external audits.
• Preparation & Discussion with/ presentation to the middle & top management of Audit reports.
• Fixed Assets Verification and Stock Take Assignments, analysis and reports.
• Updation of fixed assets registers.
• Ownership of Financial Statement Closing Process (FSCP) covering all aspects starting data capturing to corporate reporting.
• Construction of Trial Balance and production of periodic financial statements according to disclosure requirements of IFRS’s and applicable statutory laws.
• Cash flow projections, budgets and projected financial statements for internal and external users including financial institutions.
• Analysis of Financial reports and reconciliations of budgets with actual results.
• Preparation of management reports and Ad hoc financial reports.
• Supervise, direct, and review the work of the sub-ordinate staff.
• Resolves complex accounting issues.
• Coordinating legal and corporate matters including Income Tax, W.H. Tax & Sales Tax and related audits.
• Dealing with Tax authorities and other Governing bodies
• Devising and implementing systems of internal controls to ensure their adequacy and compliance with management requirements and SOP’s.
• Ownership of Financial Statement Closing Process (FSCP) covering all aspects starting data capturing to corporate reporting.
• Construction of Trial Balance and production of periodic financial statements according to disclosure requirements of IFRS’s and applicable statutory laws.
• Managing the financial affairs of the company including timely arrangement of financial facilities and their renewals.
• Devising and implementing systems of internal controls to ensure their adequacy and compliance with management requirements and production of SOP’s.
• Forensic assignment covering investigation and audit of previous years’ data in order to ascertain the amount of claims and revenue.
• Prepared Standard Operating Procedures (SOP) for all functions of Accounts and Finance department which yielded in process improvement leading to accuracy, consistency and efficiency.
• Conduct credit control analysis, formulate policies and take remedial measures to reduce bad debts and delayed payments.
• Reviews general ledger and reconciliations on a monthly basis to ensure accuracy of posting.
• Produces internal audit related reports and analysis.
• Fixed Assets Verification and Stock Take Assignments.
• Preparation of fixed assets registers.
CROWE HORWATH INTERNATIONAL is one of largest American public accounting and consultancy firms. In Pakistan, It is represented by Crowe Horwath Pakistan. It is one of Pakistan’s oldest and highest ranking firms of Chartered Accountants rendering Audit and Assurance, Corporate, Financial, Management and IT Consultants. It has business partnerships for selling and implementing SAP Business One and SAGE ACCPAC ERPs.
I have led various Audits and Consultancy assignments, which enabled me to obtain substantial and diverse exposure of financial and non-financial activities of various industries.
• Developing comprehensive understanding of the business of the client.
• Defining job objectives and establishing work methodologies to achieve these objectives in consultation with the engagement partner.
• Control risk assessment confirming the existence and appropriate implementation of system of internal controls, testing them while performing walk through tests and establishing extent of reliance on them during execution of assignment and substantive tests.
• Conduct of statutory audits, system audits and assurance assignments in line with established audit objectives.
• Supervision of audit execution and review of work performed by audit team.
• Assessment of the financial statements in order to ensure their compliance with the requirements of the local laws, Regulation and International Financial reporting Framework (IFRS).
• Conducting interim reviews of Financial Statements and analysing future projections for the purpose of arrangement of financial facilities and valuations.
• Forensic Audits of textile manufacturing industry.
• Reporting to assurance engagement partner.
• Provided assistance to Companies in preparation of financial statements under local statutory framework.
• Internal audit and Gratuity and Provident fund assignments
• Record completion confirmation assignments
• Stock takes and stock valuation assignments.
• Physical verification of assets, fixed assets tagging and preparation of fixed assets registers
