Supervisor Audit & Taxation
Parker Randall-A.J.S
Total des années d'expérience :3 years, 5 Mois
TAX ASSIGNMENTS:
Tax Associate
Key Responsibilities:
• Computation of monthly sales tax liability for different clients and reviewed from manager.
• Filing of monthly Sales Tax returns, Services Tax returns under PRA and monthly withholding Income Tax along with annexures & create net tax payment challan. (Using IRIS)
• Keep record up-to-date as per the requirement of Sales Tax & Income Tax Authority.
• Submission of monthly sales tax and income tax withholding challans.
• Provide consultation to clients for application of sales tax function in accounting system and briefing recoding procedures.
• Registration of different clients under Sales Tax, Punjab Revenue Authority and Income Tax.
• Draft replies for notices received from Treasury Departments and discuss with manager.
• Finalization of income tax computation along with wealth statement for Companies, Association of Persons (AOPs) and individuals for various clients in liaison with manager.
ASSISTANT MANAGER ACCOUNTS & FINANCE:
Majeed Fabrics (Private) Limited
Key Responsibilities:
• Review and finalize monthly, quarterly & annually Financial Statements, Comparison Report & Reporting File (MIS) analyzing expenses by different breakups and duly report to Manager Finance.
• Liaison with audit team during statuary annual audit.
• Prepare monthly Sales tax liability/refund statement with supporting annexures and discuss with manager.
• Designing of SOPs standard operating procedures for different areas of business.
• Monthly Balance Sheet Reconciliation including inter-Unit transactions along with bank reconciliation and monthly closing adjustments.
• Finalize monthly payroll with respect allowances & deductions.
• Audit of bank & cash receipts and payments vouchers and adjustment JVs.
• Management of cash in hand, and reconciling monthly stock taking of inventories with system reports and update valuation sheets.
• Calculation and accounting of installments (principal & mark-up) for Islamic financing like Murrabah, Bai-salam & Ijara.
EXTERNAL AUDIT ASSIGNMENTS:
Supervisor Audit & Assurance
Key Responsibilities:
• Conducting statutory audit and assurance assignments in accordance with the requirements of Firm’s Global Audit Methodology, various pronouncements (IFRS, ISA and GAAPs) and directives issued by national and international regulatory bodies, which included planning, organizing, controlling & reviewing the entire job.
• Initial planning of the job, identifying significant risk areas by applying analytical procedures and agreeing the time deadlines.
• Performing risk assessment considering inherent and control risk and developing a strategy to address these in consultation with colleague and engagement manager. Understanding of internal controls, evaluating their operating effectiveness in order to determine overall reliance on entity’s internal control system.
• Ensuring compliance of financial statements in accordance with the applicable financial reporting framework including compliance with IFRS’s, local corporate laws and directives of regulatory authorities.
• Designing and implementing substantive procedures in construction with engagement manager to highlighting the issues / matters.
• Analysis and review of financial and non-financial information for reasonableness of strategy, amounts and disclosures to be presented.
• Assists in on the job training and coaching of junior team members and reviewing their work performed.
• Assessing the forecasts, budgets and other financial aspects to assess going concern ability of entity.
• Holding discussion with management regarding various accounting and other issues identified during audit assignment.
• Drafting Management Letter underlining the system based, accounting & control deficiencies and legal non-compliances identified during course of audit assignment and their resultant risks along with suggestions for improvement.
• Drafted and finalize of audit report in liaison with senior manager and partner.