1. Ahmed Nassef Abdelsamed Ahmed
CPA /CMA
ahmed.nassef@eg.ey.com Office:+202 272260260 Mobile: 002 01007960162
Current Job: Engagement auditor (Senior 1) in EY Cairo Office, Egypt
Last appraisal: 5 Outstanding performance.
Industry specialization: banking and financial institutions
Experience: 4-5 years
Major Qualifications: Certified public accountant (CPA), Certified Management Accountant (CMA)
Technical Experience:
Ø Being In-charge for the GAMx file for 2 years including creating risks, cycles, WCGWs, controls, tests
of controls and substantive procedures. In addition to solving type 1,2 diagnostics.
Ø Designing and executing tests of controls and substantive tests.
Ø Prepare key documents in the audit file like ELC (Entity level controls) , FC (Fraud
considerations), ASM (Audit Strategy Memorandum) and SRM (Summary Review Memorandum)
that responds either to specific audit instructions for multi-location clients or statutory audit.
Ø Design, execute and supervising a team conducting Loan loss review for banks.
Ø Assisting the clients in improving credit loss models in accordance to either IFRS 9 newly
released measurement sections in 2014 (early adoption) or Basel II using probability of default
(PD ), loss given default (LGD) and Exposure at default (EAD) concepts.
Ø Performing initial planning, strategy and risk assessment phases in Gamx file including CRA,
processes and walkthroughs.
Ø Using proper testing thresholds based on CRA in designing substantive procedures.
Ø Designing and executing analytical procedures including expectations and conclusion on the and
assessing the level of precision, based on non-financial data and external sources.
Ø Designing and Executing substantive procedures with the purpose of reviewing proper
recognition and measurement of Derivatives and hedging instruments including forward deals,
fair value hedge and cash flow hedge. (Excluding embedded derivatives and IFRS 9 updates)
Ø Identifying and assessing the adequacy of management solutions proposed for inadequate
provisioning in credit portfolio with many variety of products differing in maturity and nature.
Ø Challenging the assumptions used in valuating fixed income inactive securities using yield curve
as a valuation technique.
Ø Provide proper documentation for the objectivity of the rates used in defined benefits
obligation, as well as challenging the main assumptions complying with IAS 19.

2. Ø Reviewing proper valuation for share based payments.
Ø Documenting the rationale for using either fair value acquisition or common control acquisition.
Ø Using discounted cash flow models to re compute impairment loss for impaired financial
instruments.
Ø Identifying risk assessment deficiencies in the whole process of risk identification, assessment ,
mitigation and monitoring related to financial risks.
Ø Creating loan loss review memo (LLRM) and Treasury review memorandum (TRM)
Ø Assessing whether to rely on electronic audit evidence (EAE) by testing or not based on result of
testing ITGC’s.
Ø Developing and designing analytical procedures with documented expectations and precision
level to rely on conclusion using external market data and nonfinancial information.
Ø Reviewing consolidation elimination entries and proper valuation for non-controlling interest.
Ø Computing Effective interest rate yield for short term and long term debt instruments
Ø Responding to PPD instructions for sanctions compliance by creating properly documented
working paper for such purpose.
Audit Softwares experience
GAMx: Highly experienced.
CaseWare (EY Sead): Some experience
Softwares used :
EY Global Analytics, EAGLE, Micro Start, EY Random, Sampling assistant script in Excel,
Ø Audit clients :
G360: NSGB (Subsidiary of Societe Generale Paris G360) GFIS 60025050 for 2 years
MENA Core accounts: QNB ALAHLI bank,
Other clients: CIBC Brokerage, Pioneers Holdings, Naeem Holdings, Naeem Brokerage, Baraka
Bank (Islamic bank) Gulf manufacturing, Global house investments, Pioneers Brokerage, Giving
consultations for valuating Securities for Audit team Alexandria bank, Dynamic brokerage, El
Tawfeek Brokerage, El Tawfeek Asset Management, Prizma Securities for brokerage,
Tropical group for touristic development.
Promotion Courses with EY:
EMEIA New Senior Program (NSP) Amsterdam 2014
Personality:
Highly presentable, giving lectures to juniors about banking and compliance with regulations of
Central Bank of Egypt.

3. Other qualifications: ICDL and EXCEL accounting course (Enhanced use for Excel functions
including reference, logical and financial functions)
Languages:
English : Fluent
Arabic : Mother tongue
French: Average
Education: Cairo University faculty of commerce, English Section Graduated in 2010.
Curriculum activities : International Model of European Union (IMEU) Best delegation for 2010.