Yasser Alqahtani

Highlights:
 Established the Internal Audit Department by ensuring compliance with International Professional Practices Framework (IPPF).
 Developed policies and procedures for Internal Audit Department to manage risk and exposure for the company.
 Successfully revised risk assessment methodology with process driven approach.
Key Responsibilities:
 Report functionally to the Audit Committee and administratively to the CEO.
 Appointed as the secretary of the Audit Committee.
 Establish department strategy, objectives and standards of performance and monitor accomplishments while maintaining continuous process improvement.
 Strategically prepare Audit Charters, Audit Universe, Audit Plan & liaising with the Audit Committee to remain abreast with their requirements; addressing their concerns to the level of their satisfaction for the assured realization of seamless flow of audit operations.
 Facilitate the formulation of new procedures and organizational changes resulting from assurance/consulting engagements and discuss changes in related policies, rules, procedures, and methods.
 Advise on the alignment of the long term and short-term strategy of audit with internal business priorities and market best practice.
 Oversee enterprise risk management (ERM) to ensure proper identification and analysis of potential risks and ensuring adequate risk assessment models or methodologies are followed as well.

Highlights:
 Expert at this level is responsible for advising and providing technical expertise in the area of audit. Also, responsible for advising on the operational & strategic mandates to minimize operational, financial and business risks and leverage potential opportunities.
Key Responsibilities:
 Quantify the impact of all the identified risks and non - conformance activities and advises on the development of a risk mitigation framework as well as guidelines, to be cascaded to each sector.
 Guide the development and implementation of the company’s risk management strategy including identification of business risks from internal and external factors affecting the company’s business model.
 Act as an advisor providing expertise on work processes, performance philosophy and standards to sectors pertaining to audit.
 Guide in defining the auditing approach for a defined work unit, so that non - compliance and irregularities are recognized and audit protocols are adopted.
 Provide expertise on operational work processes, policies and compliance guidelines pertaining to audit.
 Provide informed independent opinion on Information systems, Finance, Investments and other New Business effectiveness.
 Develop and promote high standards of control and risk management for focus areas in Information systems, Finance, Investments and new Business.
 Recommend training requirements pertaining to audit and regulatory laws and provides subject matter expertise towards design and delivery of the training content.
 Advise on remedial actions and measures for course correction upon escalations.
 Analyze reports and metrics to identify potential issues and undertakes preventive measures to mitigate relevant operational, financial and business risks.

Highlights:
 Established the Internal Audit Department & developed policies and procedures for Internal Audit Department.
 Conducted risk assessment for the company.
Key Responsibilities:
 Drove department quality standards to ensure adherence to the International Professional Practices Framework as promulgated by the Institute of Internal Auditors (IIA).
 Identifying and reporting on all significant control weaknesses, through the application of a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, processes, controls and decision-making.
 Played a key role in providing value addition to the business by identifying opportunities to improve and drive positive change in governance, risk management and internal controls.
 Facilitated the formulation of new procedures and organizational changes resulting from assurance/consulting engagements and discuss changes in related policies, rules, procedures, and methods.
 Performed financial statement analysis to gauge liquidity, profitability and solvency position of clients; identifying key areas of concern and sharing these with the Management Teams with practical recommendations to add value and to maintain long-term working relations.

Key Responsibilities:
 Performed and controlled the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations.
 Led client audit engagements, which include planning executing, directing, and completing financial, operational and compliance audits.
 Led closing meetings with management, presenting findings, conclusions and recommended improvements.
 Developed audit reports, which clearly articulated risk, noted exceptions, impact and provided clear solution, based recommendations.
 On-going collaboration with the Management Teams of clients to develop a better understanding of the key pressing issues that they are facing; analyzing these issues from multiple perspectives and recommending most appropriate solutions that are sustainable in the long run.
 Performed required analysis of the business model prior to audit planning to assess key macroeconomic and unique risks; assured that the audit plan properly accounted for the risks identified in the initial assessment for the assured realization of an effective audit.
 Proactively interacted with key client’s management to gather information, resolve problems, and make recommendations for business and process improvements.
 Ensured audit conclusions are based on a complete understanding of the process, circumstances, and risk.
 Developed Audit Programs and testing procedures relevant to risk and test objectives.
 Ensured appropriate adherence to all applicable department and professional standards.
 Diligently monitored remediation plans to confirm proper corrective actions.