Manager Internal Audit & Compliance
Mitsubishi Electric Limited
Total des années d'expérience :15 years, 11 Mois
Working as Internal Audit Section Manager handling a team of 4 personnel to Prepare Internal Audit Plan, Implement, Audit Report and Follow up with Counter Measures to rectify issues and Improve Organization operations.
During my tenure in AJBP, I have been involved mainly in following activities:
•Performed Risk Assessment exercise of the whole Consumer Division for devising a risk based Internal Audit plan.
•Developed and updated Policies & Procedures and Authority Matrix as per IFRS and VAT regulations.
•Reviewed Internal Controls imbedded in newly developed Software and suggested improvements.
•Performed Investigations & Internal Audits of all divisions within the group and prepared IA reports.
which offers construction services including MEP, Design, Build and Operation of commercial, industrial, power and water as well as heavy general contracting projects. DSI is listed on Dubai Financial Market (DFM) and its regional footprint spans UAE, KSA, Jordan and Algeria.
•Responsibilities:
•Leading the Internal Audit department in KSA region and jointly reporting to KSA Regional Head and Corp. Internal Control Director depending upon the nature of assignment in hand and annual audit plan.
Review Financial Statements to ensure compliance with updated IFRS and SOCPA Standards in coordination with External Auditors.
Review monthly Zakat, Tax & GOSI calculations to check compliance with GAZT Regulations.
Using investment appraisal techniques for the evaluation of Capital Expenditures, new Construction & MEP Contracts and Sub-Contracting.
Evaluating investments using appropriate techniques like Calculation of IRR, Payback period, EBITDA etc.
Perform Variance Analysis and Ratio Analysis on Financial Statements for Corporate Audit Committee and Board of Directors.
Lead the implementation of ERP (Oracle JD Edward) in DSI KSA Region; and performed integration with Corporate and other subsidiaries worldwide.
Review Annual Regional Budgets (Department-wise & Consolidated) for accuracy and coordinate with Finance Team to upload in ERP as approved.
Liaison with External Audit teams to ensure smooth audit activity with no outstanding points and ensure timely release of Audited Financials to Stakeholders and Statutory Authorities.
Review Cash Flow Forecasts and prepare Funds allocation plan based on the priority of payments.
Preparation of risk based audit plan and implement/conduct audit assignments as per the approved plan.
Review Project specific, Process level and main business operations in local and foreign location of DSI.
Perform pre audits including review of monthly Payroll, Employees Settlements, and Funds Distribution.
Involved in Cost Optimization Assignments identify and suggest areas of Cost Reductions / Savings.
Develop and implement internal controls and procedures in coordination with Systems & Finance Department for enhancement of financial security and operational effectiveness.
DESCON is the largest engineering group operating in Pakistan as well as in UAE, Saudi Arabia and Qatar, deals in power, construction, engineering, manufacturing and chemical sector.
•Responsibilities:
•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.
ATLAS POWER LIMITED is an Independent Power Producers (IPP) and a group company of ATLAS HONDA LIMITED. APL started operations in 2007 and established 225MW combined cycle power plant near Sheikhupura under 2002 Power Policy. The project is a joint venture between Atlas Group and MAN Diesel, Germany.
•Responsibilities:
•Recording daily transactions; and maintain complete records after obtaining all required approvals.
•Updating daily financial reports and distribute to stakeholders with budget comparison.
•Prepare monthly, interim and annual management accounts as well as draft financials for external audits.
•Prepare Monthly Invoices for revenue billing; and Review Operation & Maintenance (O&M) and Suppliers’ invoices.
•Prepare workings for Income Tax/Withholding Tax deducted and Sales Tax/VAT input & output to calculate net receivable/payable to the Authority.
•File monthly and annual Returns for Income Tax as well as Sales Tax/VAT and also involved in Tax Audits conducted by Authorities.
•Prepare management accounts, external audit financials and budgeted accounts on quarterly and annual basis.
My responsibilities and key activities undertaken are 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 & 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.
- Control Design GAP Analysis and develop a Control Test Plan in Control Matrix by envisaging the COSO Framework.
- Assessed both the design and operational effectiveness of the internal controls over the various business processes (Procurement & Payables, Revenue & Receivables, Inventory Management, Production & Related Costing, Fixed Assets Management, Treasury Management, Human Resource, Payroll & Employee Benefits, Internal Controls over Financial Reporting, Planning, Budgeting & Forecasting).
ACA, SOCPA Member
Chartered Accountant (ACA)
