Usman Pervaiz

Preparation of Risk Based Internal Audit Plans
•Evaluates and provides reasonable assurance that risk management, control, and governance systems are functioning as intended and will enable the organization's objectives and goals to be met
•Reports risk management issues and internal controls deficiencies identified directly to the audit committee and provide recommendations for improving the organization's operations, in terms of both eficient and efective performance
•Evaluates information security and associated risk exposures
•Evaluates regulatory compliance program with consultation
•Evaluates the organization's readiness in case of business interruption
•Maintains open communication with management and the audit committee
•Teams with other internal and external resources as appropriate
•Engages in continuous education and staf development
•Provides support to the company's anti-fraud programs
•Provides guidance to finance department on complex matters
•Works with finance department to improve the processes and reporting
•Performs audit of all divisions including branches
•Review of Corporate Governance compliance as required by MSM

(Reporting to Group Head of Audit), Salalah, Oman (January, 2019 - December, 2021)

During my stay at the firm, I worked as job in audit senior for many major clients I performed following main tasks during diferent stages of my work experience: Responsibilities during Internal Audit
•Preparation of Internal Audit Plan and allocation of responsibilities to diferent team members
•Performance of internal audit procedures on diferent areas of financial statements and review of work performed by other team members
•Initial discussion of internal audit points with management and finalization of discussion points and preparation of Internal Audit reports Responsibilities as Senior o Preparation of overall audit plan and allocation of teams for audit
•Provision of technical support to audit teams during the performance of audit On Job review of audit working performed by audit teams on diferent audits Review of financial statements, Audit file and critical areas as per requirements of Financial Reporting Standards
•Review of management letter points and final discussion with management
•Review of detailed time budgets and coordinating with the staf to meet the reporting deadlines
•Development of general strategy, detailed audit plan and audit programs
•Making detailed time budgets and coordinating with the staf to meet the reporting deadlines
•Review of Accounting and Internal Controls Systems used by diferent clients Application of new technical pronouncements and identifying areas of potential risk
•Coordinating with Audit Manager for critical and technical areas Addressing and resolving significant accounting and auditing issues arose
•Identifying weaknesses / critical risks faced by organizations, addressing and discussing mitigating factors and giving final suggestions to improve internal control system
•Preparing annual financial statements for the statutory audit purposes
•Check compliance of State Bank of Pakistan (SBP) Prudential Regulations and carry out Credit Reviews (Corporate, SME & Consumer) and evaluating associated risk
•Understanding of Bank's internal Controls
•Review of diferent branch operations ranging from opening of Accounts, assess whether the branch is following all the laid procedures relating to Know Your Customer (KYC) & Anti Money Laundering as per bank rules
•A good understanding of Musharaka, Modaraba, Salam, Istisna'a, Ijara, Murabah and keen interest to be updated about the publications & standards issued by the "Accounting & Auditing Organization for Islamic Financial Institutions (AAOIFI) Responsibilities as Semi Senior
•Obtaining an understanding of accounting and internal control system Assessing the control risk a t preliminary stage Coordinating with Senior Supervisor for audit plan
•Obtaining suficient appropriate audit evidence through substantive and analytical procedures and physical stock counts
•Reviewing minutes of meetings of board of directors, managing committee and audit committee and maintenance of statutory books Reviewing compliance with the statutory requirements and the Code of Corporate Governance
•Preparing tax computations, tax status and deferred tax of clients
•Compilation and initial discussion with management of points for reporting
•Help Senior Supervisor in preparation of Financial Statements and completing Audit files as required by Deloitte approach in audit system 2 (Audit Software designed by Deloitte) INDUSTRY IN WHICH EXPERIENCE GAINED: Following are some of major Industries in which I gained experience during my professional career:
•Shan Foods Private Limited (Internal Audit)
•Bank of Punjab (Statutory Audit)
•Sui Northern Gas Pipelines Limited (Half Yearly Review)
•Pakistan Electric Power Company Private Limited (Statutory Audit)
•National Transmission & Dispatch Company Limited (Statutory Audit)
•NRSP Microfinance Bank Limited (Statutory Audit)
•Sui Northern Gas Pipelines Limited (Statutory Audit)
•Dalda Foods Private Limited (Internal Audit)
•House Building Finance Corporation (Statutory Audit)
•National Bank of Pakistan (Statutory Audit)
•Reliance Cotton Spinning Mills Limited (Half Yearly Review)

Touché, Chartered Accountants (2010 - 2012)
•Worked for various positions at diferent times during my student life which includes trainee, freelancer accountant, teacher (2007-2010) WORK EXPERIENCE