Wali Muhammad

I am working as Manager Finance in Tameer Intl. Lahore since December 2010 to present. Tameer Intl is a service provider to large international NGOs in the fields of construction, education, health, community development, disaster management and rehabilitation of affected people. My Job responsibilities include:

 Review and evaluation of business and entity risks and instituting measures to eliminate or minimize those risks.
 Review of reports ( Daily reports, bank reconciliations, customer profitability and age analysis etc) prepared by junior staff and taking actions accordingly
 Presenting reports to higher management relating to accounts
 Preparation of Minutes of Meetings
 Analytical review of construction reports and follow up of issues raised
 Reviewing contracts with contractors and suppliers and suggesting improvements
 Preparation of financial feasibility before embarking into new projects
 Development and implementation of proper internal control in the organization to ensure compliance with organization policies

A brief of major responsibilities in audit section included:

1. Engagement planning:

 Conducting research in order to have an in-depth understanding of a client’s industry and business; and
 Review and evaluation of business and entity risk and its impact on the financial statement assertions.
 Preliminary reviews of accounting and internal control systems to plan the work that would enable to opine on the financial statements.
 Drafting audit programs with reference to scope of work of the engagement.
 Team planning and budgeting.

2. Managing the engagement:

 Developing and performing substantive and analytical procedures so as to determine the reasonableness of the financial statements’ assertions;
 Detailed review of internal control system to ensure its adequacy to detect misstatements in the accounts and to highlight areas where there are chances of improvements.;
 co-ordination with professionals of various fields like legal, actuarial and IT experts;
 ensuring that the work is performed and documented in accordance with prescribed standards;
 reviewing the work of junior staff

3. Engagement completion:

 Preparation of Financial Statements in the light of statutory requirements, current accounting practices and disclosure requirements of the International Financial Reporting Standards;
 analytical review of financial statements at the finalization stage of audit;
 advising management on accounting and related technical matters and preparation of management letters.

A brief of major responsibilities in Tax section included:
• Preparation and filing of Income tax and corporation tax returns
• Preparation of appeal and stay application to relevant authorities
• Answer to the queries related to tax filing procedures and policies
• Build up understanding of tiered interview techniques
• Making recommendations of tax efficient ways of conducting a business
• Making recommendations about tax beneficial benefits in a remuneration package