Senior Auditor
Alliott Hadi Shahid Chartered Accountants
Total years of experience :14 years, 6 Months
I am reporting to Audit engagement Partner. Currently I am doing:
* Evaluation of internal controls designed by management in respect of their effectiveness on
periodical basis,
* Designing effective internal controls on specific demand of management,
* Ensuring compliance of other statutory and legal requirements and advise the management
on compliance of statutory and legal requirements and other regulations and
pronouncements,
* Designing standard operating procedures (SOP’s) for different areas of business operations
and services providing and interpreting financial information,
* Planning an audit of financial statements and setting the materiality level,
* Identifying and assessing the risks of material misstatements through understanding the
entity and its environment,
* Evaluation of misstatements identified during audit,
* Communicating the deficiencies in internal controls to management,
* Obtaining audit evidence, external confirmations, audit sampling, and applying the analytical
procedures,
* Evaluating the related party transactions and subsequent events,
* Considering all the relevant laws and regulation while conducting audit,
* Preparation of working papers for current audit file and updating the permanent audit file,
* Reviewing the working papers prepared by juniors,
* Delegation and review of work assigned to assistants,
* Training and supervision of juniors,
* Drafting management letters by suggesting to improve the internal controls and highlighting
the other weaknesses in the system,
* Understanding, evaluation and recommendations for improvement in Accounting and
Internal Control Systems,
* Preparation of financial statements in compliance with the financial reporting framework
* MIS reports which includes:
Profit and loss account Balance Sheet,
Cash Flow forecasting Statement of changes in equity
Page 3 of 4
Debtors aged analysis Creditors’ aging
Inventory aging Debtors’ provision
Product Costing and profit
analysis
Commission calculation
Due Diligence Forensic audit
I have worked at various positions from auditor to assistant audit manager and supervised various internal and external audit assignments in M/s BKR International Muniff Ziauddin & Co (Chartered Accountants). I have conducted various statutory audits in accordance with the requirements of both national and International Auditing Standards. My over 4 years’ experience as senior Auditor has allowed me to work with different companies both government and private and contributed in enhancing my skills regarding internal control procedures and book keeping. Key responsibilities and exposures in internal and external audits assignments were as follow:
Assisted and supervised the audit of various Public, Private and Listed companies of Pakistan.
Managed a team of auditors and accountants, supervised their work during the different assignments.
To prepare audit programs of different companies.
Ensured the performance of Audit is in accordance with the applicable Accounting Standards (IAS & IFRS), International Standards on Auditing (ISA) and respective regulations.
Evaluated and tested the design and operation of accounting and internal control systems, offering recommendation for any weaknesses noted.
Delegated appropriate work to junior members of staff and review their work in a structured format.
Prepared Financial Statements (Balance Sheet to Notes to the financial statements) to ensure they fully meet financial reporting requirements.
Active participation in Due Diligence reporting of a few corporate entities.
Active participation in the various assignments regarding valuation of Non-Current Assets and Stock.
Active participation and represented in Quality Control Review (QCR) of ICAP as per IFAC.
Active participation in the various Book keeping assignments.
Filing of Annual Income Tax Returns of Individuals, AOP’s & Companies;
Correspondences with Tax Authorities & appeal matters
Preparation of Accounts for Tax Matters
Major responsibilities were:
Budgeting and variance analysis,
Credit control function,
Management of export LC’s
Liaison with both internal and external auditors for finalization of audit,
Product costing,
Commission calculation,
Maintenance of books of accounts, General Ledgers etc.,
Marinating fixed asset register and depreciation calculation,
Monitor stock levels and prepare inventory reconciliations,
Improve existing processes and streamline workflows,
Conducting reviews and evaluations for cost-reduction opportunities,
Payroll function,
GRN costing,
Bank reconciliations,
Intercompany reconciliations,
Supplier and Customers account reconciliation and balance confirmation,
Provision of ad hoc reports as requested by financial controller / GM,
Case filing against the default customer,
And approving and posting of various accounting transactions (JVS, BRVS, CRVS, BPVS, CPVS, etc.).
(ICAP) Qualified Associate Chartered Accountant
.