Group Internal Audit Senior Supervisor
ALKHORAYEF GROUP
مجموع سنوات الخبرة :13 years, 9 أشهر
I joined Alkhorayef Group in July 2017 and working as a Group Internal Audit Supervisor.
• Perform Internal Audits of all companies within the group and prepare Internal Audit Reports
• Perform Follow-up Audits of previous closed internal audit engagements and prepare current Follow-up Status Reports
• Prepare Flash Reports for the adhoc assignments on the request of management
• Developed Internal Audit Plan on the basis of Risk Assessment exercise conducted for the whole group
• Updated Financial Authority Matrix as per current organization structure
My responsibilities and key activities undertaken are as follows:
• Prepare executive summary of the detailed internal audit report for the audit committee
• Define audit scope, objectives, audit approach and risk rating criteria of the internal audit report
• Draft internal audit reports that are well-founded, clear and provide a balanced view of risk and the work performed
• Clearly draft observations, implications and risks, recommendations and associated risk rating alongwith the appendixes based
on the supporting evidences gathered.
• Develop audit programs and test plans based upon a risk assessment, financial assertions and other audit objectives
• Prepare process narrative document alongwith creating a process flowchart on Microsoft Visio.
• Prepare Risk & Control Matrix to ensure the completeness of all control objectives and their associated risks
• Prepare audit work schedule and assign responsibilities to the team and supervise the audit engagement
• Review audit working papers of the team to ensure the work performed and manage the audit engagement by timely monitoring of
actual working hours compared to the budgeted working hours
• Participate in exit meetings, ensure observations and associated risks, implications and suggested recommendations are clearly
understood and agreed by the management
• Use teammate audit software to keep track of audit field work and audit working papers, send auto reminder to engagement client on
the agreed follow-up dates.
• Perform Follow-up Audits of previous closed internal audit engagements, monitor implementation of corrective actions and prepare
Follow-up Status Reports
• Prepare Flash Reports for the adhoc assignments on the request of management and audit committee
• Performed risk assessment exercise of whole group in order to devise a risk based internal audit plan
• Prepared a risk register of all companies within a group and obtained risk ratings from key management
• Updated financial delegation of authority matrix as per the current organization structure
I joined Pan Gulf Industrial Investment (a member group of Pan Gulf Holding) in August 2015 and worked till June 2017 as a Group Senior
Internal Auditor .
• Performed Internal Audits of all divisions within the group and prepare Internal Audit reports
• Developed Internal Audit Charter, Audit Committee Charter, Authority Matrix and Policies & Procedures
• Performed Risk Assessment exercise of the whole group for the purpose of devising a risk based Internal Audit plan
My responsibilities and key activities undertaken are as follows:
• Performed risk assessment exercise in co-ordination with Ernst & Young team and identified key business risk areas
• Prepared a Risk Register of all companies within a group and obtained risk ratings from key management
• Prepared a Risk Assessment Report in co-ordination with Ernst & Young team
• Developed audit programs and test plans based upon a risk assessment, financial assertions and other audit objectives
• Developed a three year risk based internal audit plan based on key risky areas identified
• Prepared Delegation of Authority Matrix, Corporate Governance Manual and Audit Committee Charter in co-ordination with KPMG team
• Conducted Internal Audit of key business areas of all divisions within the Group
• Followed up of agreed management actions and prepare remediation status report
• Performed audit procedures through inspection, inquiry, observation, reperformance and analytics while practicing independent
judgment with coworkers and the client
• Drafted audit reports that are well-founded, clear and provide a balanced view of risk and the work performed
• Used Pentana Risk Management software to update the Risk & Control Matrix along with follow-up status of agreed management
actions
I joined KPMG as an Associate on September 2011 and worked till March 2015 in the Risk Advisory Services Department (RAS) of KPMG
LAHORE, PAKISTAN.
• Performed Internal Audits in Construction, Manufacturing, Textile, Service and Power Sector for multiple clients
• Performed Project Post-Mortem Analysis of various construction projects
• Performed Financial Statements Audits / Reviews of various listed and non-listed clients
My responsibilities and key activities undertaken were as follows:
• Conduct the Internal Audits in accordance with the KPMG Internal Audit Methodology
• Enterprise risk assessment of the internal audit clients to identify and prioritize the risky areas
• Preparation and Finalization of Internal Audit Plan and execution of the approved Internal Audit Plan (IAP)
• Finalization of the Internal Audit Reports along with Executive Summary & Annexure
• Preparation of the Process Narrative, Flow Chart and Risk & Control Matrix for each key business process
• Assessed both the design and operational effectiveness of the internal controls over the various business processes
• Conducted similar engagements i.e. Business Process Review, Preparation of Accounting Manual and Standard Operating Procedures Manual and to ensure compliance with listing regulations, code of corporate governance and International Financial
Reporting Standards etc.
My responsibilities and key activities undertaken were as follows:
• Set up and customized the chart of accounts and trial balance
• Maintained all type of accounts on daily basis
• Preparation of income statement on monthly and yearly basis
• Preparation of monthly bank reconciliation statement
• Maintenance of fixed asset register and inventory ledger
• Conducted monthly stock count to identify any anomalies
• Created and monitored the payroll management system
• Cost allocation and calculation of the overall cost per vehicle
• Handling the B/L of vehicles and follow up of vehicles
• Ensured that the cash book and petty cash is updated daily