Muhammad Umair Raheem

Senior Associate at KPMG Taseer Hadi & Co

• Pakistan - Lahore
• November 2014 to May 2018

Articles of 3.5 years from KPMG Taseer Hadi & Co. Chartered Accountants, Lahore have provided a diversified experience of various Assurance and non-assurance engagements. The department wise highlights of experience are as follows:

ASSURANCE:
• Performed statutory audits in compliance with KPMG Audit Manual (KAM), laws and regulations and International Standards on Auditing (ISAs) as applicable in Pakistan.
• Prepared and analyzed financial statements in accordance with International Financial Reporting Standards (IFRSs) as applicable in Pakistan.
• Tested the design and effectiveness of internal controls by completing walkthroughs of business processes.
• Interacting with clients to ensure efficient flow of information from the client to the audit team.
• Directed and on job training of junior team members.

INTERNAL AUDIT:
• Performed Internal Audits of various processes in accordance with KPMG Internal Audit Methodology i.e. Transaction Flow diagrams (TFR), Risk and Control Evaluation (RACE), Test of controls (TOC) of different operational and financial processes.
• Prioritized risky areas of internal audit clients and conducted Enterprise Risk Assessment on basis of their risk appetite.
• Preparation & finalization of Internal Audit Plan and execution of the approved Internal Audit Plan (IAP).
• Preparation of various Internal Audit Reports together with Executive Summary & Annexures for presentation in Committee meetings.
• Preparation of the ‘Process Narratives’, ‘Flow Charts’ and ‘Risk & Control Matrices’ for different processes.
• Designing & development of Standard Operating Procedures (SOPs) and analyzing their sufficiency.
• Control Design Gap Analysis and development of a Control Test Plan in Control Matrix.
• Accessed the control deficiencies and their implications together with suitable recommendations to mitigate them.
• Identified Compliance & Design Gap at various business processes.
• Managed team activities and delegated assignments to ensure timely issuance of report.
• Engaged in Pre-audit assignments and reported issues in processes to client management.
• Projects audit of Engineering Construction Company.
• Conducted audit of following multiple business processes together with their remediation in accordance with KPMG Audit Methodology:
- Financial Reporting - Procure to Pay - Health, Safety and Environment
- Entity Level Controls - Revenue & Receivables - Subcontracting
- HR & Payroll Processing - Logistics of Engineering Co. - Fixed Assets
- Equipment and Plant - Store & Inventory - HR & Payroll Processing
- Planning, Budgeting and Forecasting
• Preparation of Standard Operating Procedures (SOPs) of a manufacturing concern comprising the following areas:
- HR & Payroll - Procurement - Sales & Marketing
- Treasury Management - Fixed Asset Management - Corporate Matters