Working as a Head of Internal Audit & Compliance at Himont Pharmaceuticals (Pvt) Ltd

Involved in

Monitor the day-to-day financial operations within the company, such as payroll, invoicing, and other transactions

 Finalization of the monthly, quarterly, half yearly and annual management
accounts

 Finalization the basis on which departmental budgets is prepared/increased

 Monitoring the budget vs. actual expenditure and forward to management for
further actions

 Arrange for equity and debt financing

 Track the company\'s financial status and performance to identify areas for
potential improvement

 Present financial reports to board members, stakeholders, executives, and
clients in formal meetings

 Ensure that sufficient funds are available to meet ongoing operational and
capital investment requirements before the payment

 Engage in ongoing cost reduction analyses in all areas of the company

 Review company bottlenecks and recommend changes to improve the overall
level of company

 Monitoring the product availability in the market by sending out the teams

 Conduct departmental audits and implement internal controls for smooth
operations

 Liaison with the external audits and ensure the independency of the auditors

 Liaising with the banks for the good relationships

 Conduct pre audit of each payment and ensure its authenticity

Managing at Group level

03 Production factories
50 Outlets of ChenOne
03 Rental properties using by tenants
01 Laatrium Restaurant
02 Warehouse

1)Attending meetings with various departments to develop an understanding of Authority’s processes.

2)Check that goods, works and services have been procured in accordance with
the company rules and procedures and have been properly documented and
accounted for.

3)Check that the funds assigned to specific agencies are spent in accordance with the entities rules and regulations.

4) Check monthly expenditures statements and financial records.

5)Check monitoring of bank guarantees (i.e. bank confirmations, timely renewals etc) and insurance policies and report issues to the concerned officials for necessary action.

6)Visiting project sites to meet relevant staff and obtain documents and information.

7)Researching and assessing how well risk management processes are working
and recording the results using softwares

8)Providing advice and guidance to managers and staff at all levels, sometimes
by delivering courses and training sessions.

9)Preparing audit reports to highlight issues and problems and distributing the
reports to the relevant people.

10)Managing a variety of stakeholders and their expectations through regular
communications.

-Conduct the Internal Audits in accordance with the CROWE HORWATH 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..
-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, Planning, Budgeting & Forecasting).
-Conducted similar engagements i.e. Business Process Review, Preparation of Accounting Manual, Standard Operating Procedures Manual, Job Descriptions, Workload Analysis Engagements to ensure compliance with listing regulations and code of corporate governance and International Financial Reporting Standards etc.
-The above tasks have been performed by me on the following assignments ranging from Risk Advisory Services to Statutory Audits & Reviews.
-Preparing the Internal Audit Plan and Internal Audit Reports for submission to the Audit Committee and the senior management of the company
-Conduct top level meetings / interviews with management, administer staff surveys and review detailed reports.

Role in Internal Audit and Business Consultancy

-Gulshan Weaving Mills
-Genco
-Sajjad Textile Mills Ltd
-Four Brothers Group Pakistan
-Xinhua Mall
-Pakistan Football Federation
-GZ Systems Ltd
-Adbistan-e-Sophia Group
-National Transmission Dispatch Company
-Interloop Private Ltd
-Hira Textile Mills Ltd
-Hira Terry Mills Ltd

Review of the statutory audits of financial statements of various manufacturing and trading concerns and service organizations.
•Obtaining an understanding of client’s business objectives and strategies in the context of industry and environment in which the client operates in order to identify strategic business risks.
•Obtaining an understanding of client’s processes for managing these business risks and reporting their impact in the financial statements.
•Planning and performing audit procedures.
•Identifying and investigating audit differences and evaluating findings.
•Preparation of Financial Statements.
•Experience of evaluating internal control systems.
•Application of KPMG Audit Methodology.
•Extensive exposure of international accounting and auditing standards.
•An understanding of Quick Book, FoxPro and Oracle

Role in External Audit:

-HH Robertson Pak Private Limited
-Hazara Phosphate Fertilizer Company Limited
-HH Robertson Pak Private Limited
-Punjab Industrial Estate Development and Management Company
-Defense Housing Authority (DHA)
-Aurat Foundation