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Telephone       Mobile       +92-345-2362983


SYED OWAIS ALAM, ACCA                                               Telephone        Home        +92-213-4011977


                                                                         E-mail     Personal     Avaisalam83@yahoo.com


OBJECTIVE
Seeking a challenging opportunity to demonstrate my skills and abilities and aim for simultaneous achievement of corporate and
personal goals in a rewarding global organization offering career growth and professional development.

EDUCATION
                 Particulars                               Institution                                 Status/Passing Year
                                             The Institute of Chartered Accountants
Chartered Accountant (ACA)                                                                Last 02 papers & Case Study to be attempted
                                                    of England & Wales – UK
Certified Internal Auditor (CIA)                 Institute of Internal Audit – USA         03 papers to be attempted out of 04 papers
Associate Chartered Certified                   Association of Chartered Certified
                                                                                                          Qualified Member
Accountant (ACCA)                                   Accountants(ACCA-UK)
                                                 Higher Education Commission of
Masters in Commerce                                                                                     Equivalency in 2012
                                                         Pakistan (HECP)
BSc Hon. In Applied Accounting                    Oxford Brooks University – UK                 Final research project to be submitted
Bachelors of Commerce                                 University of Karachi                                     2004
Higher Secondary School Certificate                 PECHS Edu. Govt. College                                    2001
Secondary School Certificate                            V.M Public School                                       1999
EXPERIENCE – Summary (6 Years)
                Organization                              Designation                                          Years
Karachi Electric Supply Company               Assistant Manager – Internal Audit
                                                                                                              4 Years
Limited                                                  Department
Hyder Bhimji & Co. (Chartered
                                                          Audit Senior                                        2 Years
Accountants)

       PERSONAL DETAILS                                          ITPROFICIENCY                                   EXTRA CURRICULAR

Date of Birth      September 18, 1983                                                                             Organized and actively
                                            Hands-on practical experience of using different modules of           participated    in  the
                                             SAP such as FI/CO, MM, etc.                                           annual and various
Nationality        Pakistani                                                                                       other    functions   at
                                            Proficient in all components of Microsoft Office, particularly
                                             MS Word, Excel, PowerPoint and Visio.                                 school and college.
                   Proficient in English
Languages                                   Attended seminars and workshops on SAP FI/CO – General               Interested in various
                   and Urdu
                                             Ledger “Audit & Control Perspective”, Time Management,                indoor and outdoor
Marital status     Single                    Information Technology, Stress Management, Islamic                    sports such as Cricket,
                                             Insurance & Banking, and Corporate Governance etc.                    Table     Tennis    and
                                                                                                                   Snooker.
Gender             Male

DETAIL EXPERIENCE
                 KARACHI ELECTRIC SUPPLY COMPANY LIMITED
                 KESC is the only vertically-integrated power utility in Pakistan and
                                                                                                           April 2008 to date
                 manages the generation, transmission and distribution of electricity.
                 Provide electricity to 2.1 million customers.
I am working as an Assistant Manager -Internal Audit where I lead audit teams through the planning, execution and completion
stages of audits. I started as an ACCA Internal Audit Trainee and hired as an Audit Officer and then promoted to Senior Audit Officer
and then Assistant Manager. I have also been ranked two times as Outstanding Employee of the department.
I have been involved in supervising and conducting internal audit activities and assignments as per audit plan and as and when
required by the Management. My specific job description:
    Prepare and assist in preparation of audit plans and schedules.
    Perform audit activities as per annual audit plan based on significant risk exposures.
    Involve in final discussion on the draft audit report with the auditee management.
    Conduct special audit assignments of investigative and consulting nature.
    Prepare audit reports and presentations for the Board of Audit Committee
    Prepare financial analysis and presentations on annual and quarterly basis for Board of Directors.
    Follow-up of action taken on audit reports of Systems and Processes.
    Review & evaluate the existing Internal Control System and furnish recommendations / suggestions for improvements.
    Formulate and /update policies and procedures in consultation with the BU management with a view to improve processes and
     controls.
   Coordination with Quality Assurance Auditors (Ernst & Young).
My Internal Audit experience in KESC is as follows:
Assignments         Nature         Role                                   Objectives/Scope
                                                     To assess the adequacy of the design of internal control and the
                                                     effectiveness of control procedures AP various activities.
                                                     To ensure payable balances are in agreement with suppliers and
                                                     periodic reconciliations of Payable/Vendor accounts have been
                                                     prepared.
                                                     To ensure adequate invoice verifications and approvals have been
                                                     performed and obtained before processing of invoice for payments.
Accounts Payable       Assurance    Team Leader      To ensure that invoices are being posted in appropriate accounts in
                                                     SAP.
                                                     To ensure accuracy and completeness of Vendor Master Record and
                                                     changes thereof have been appropriately approved by designated
                                                     officers.
                                                     To ensure invoices and liabilities are timely accrued at month end.
                                                     To ensure that GR/IR account are timely assigned to vendor
                                                     accounts and timely reconciled.
                                                     Verify compliance of relevant laws and regulation of Income and
                                                     Sales Tax.
                                                     Review mechanism of sales tax receipt and paid on transactions
                                                     and filling of sales tax return and refund claims from FBR.
                                                     Review mechanism of Withholding Tax/Advanced Tax deductions
                                                     and its treatments.
Taxation               Assurance    Team Leader      Review disputes (if any) settlement mechanism and its accounting
                                                     treatments.
                                                     Ensure proper monitoring of tax relevant ledgers and accounts by
                                                     the department.
                                                     Examination of documents such as Income Tax Return, Payment
                                                     Challans, Withholding Tax Statements, Monthly Sales Tax Return,
                                                     Invoices etc.
                                                     To assess the adequacy internal control related to General Ledgers.
                                                     Effective Utilization of SAP FI Module
                                                     Compare SAP generated financial statement with audited financial
Financial Reporting    Assurance    Team Leader
                                                     statement
                                                     Ensure posting of entries in appropriate cost centers.
                                                     Ensure compliance of IFRS and Companies Ordinance 1984.
                                                     Performed physical verification of inventory material of various
                                                     stores.
                                                     Review system of Inventory Management Process to identify
                                                     weakness in controls structure and processes.
Inventory              Assurance                     Review of monitoring and reporting mechanism.
                                    Team Leader
Management                                           Examination of documents such as purchase requisitions, purchase
                                                     orders, material issue slips, goods received memo and scrap
                                                     declaration form for identification of unusual transactions during the
                                                     period.
                                                     Overview of effective implementation of SAP- MM.
                                                     Procurement is being carried out in compliance with the corporate
                                                     policies and procedures contained in the procurement manual.
                       Assurance                     Ensure appropriate controls over procurement process exist and are
Procurement                         Team Leader
                                                     effectively implemented.
                                                     Effective utilization of SAP MM module related to the procurement.
                                                     Ensure compliance of signature mandate.
                                                  Performed audits and review of controls related to below treasury
                                                  functions:
                                                       o    Bill Collection Process/management.
                       Assurance                       o    Bank Reconciliations
Treasury                            Team Leader
                                                       o    Bank guarantee
                                                       o    Borrowing
                                                       o    Letter of Credits
                                                       o    Hedging
                                                     To assess the adequacy of the design of internal control and the
                                                     effectiveness of control procedures related to Customer Billing
                      Assurance                      various activities.
Billing                            Team Member
                                                     Preparation of analysis reports such as ageing, Faulty meter report,
                                                     RC/DC, recovery of individual business operation centre, units billed
                                                     etc.
Financial Statement Analysis.
                                                                       Review and add value to the Standard Operating Procedure SOP for
                                                                       the insurance arrangement, incident reporting and claim
                           Consulting /                                settlement.
 Other                     investigation      Team Leader
                                                                       Review and add value to the Standard Operating Procedure (SOP)
                                                                       for the Opening of Tender.
                                                                       Reserve price assessment.
                                                                       Review the capitalization of generation projects.
HYDER BHIMJI & CO. Chartered Accountants

| a member firm of                                       network| KARACHI OFFICE, PAKISTAN                  July 2005 to January 2007
 I worked as an audit senior in Hyder Bhimji & Co. I lead engagement teams through the planning, execution and conclusion stages
  of statutory audits. Also as part of large teams I assist in the planning, execution and completion stages of statutory audits and
  validation of financial reporting packages of multinational concerns. My responsibilities include engagement management, client
  relationship management, and preliminary decision making for resolution of critical reportable matters to the firm and client and
  coordination with professionals of various fields like legal, actuarial and IT experts.
 My audit experience has exposed me to the practical implementation and complexities of International Financial Reporting
  Standards and best practices in respect of financial and risk management.
The most significant corporate clients that have contributed to my professional growth include:
                                                                                                     Financial statement area /
            Client name                    Nature of entity & audit               Role
                                                                                                           responsibility
                                               Textile – Statutory
Fazal Textile Mills Limited                                                   Team Leader     I was involved in annual statutory audits
                                                 Audit/Review
                                                                                              and half year reviews of the above
                                           Hotels & Resort-Statutory                          mentioned clients. I was also involved in
Avari hotels Limited                                                          Team Member
                                                 Audit/Review                                 the identification, verification and reporting
Shahmurad Sugar Mills limited         FMCG – Statutory Audit/Review           Team Leader     on the management controls and applied
Seri Sugar Mills Limited               FMCG - Statutory Audit/Review          Team Member     procedures for the purpose of obtaining
                                                                                              comfort in respect of audit assertions
Alnoor Modaraba Management                   Investment - Statutory
                                                                              Team Leader     related to the financial statement areas.
(Pvt.) Limited                                   Audit/Review
                                                                                              The audits invariably included assessing the
Haji Rang Elahi & sons (Pvt.)                                                                 compliance with Companies Ordinance,
                                             Trust - Statutory Audit          Team Leader
Limited                                                                                       1984 and clients in preparation of financial
Habib Sugar Mills Limited               FMCG – Provident Fund Audit           Team Member     statements as per applicable financial
Adamjee Insurance Company                                                                     reporting framework, laws and regulations
Limited.                                   Insurance – Provident Fund                         in Pakistan. My responsibilities also
                                                                              Team Member
                                                     Audit                                    included co-ordination with professionals of
                                                                                              various fields like legal, actuarial and
Pakistan Papersack Corporation             Paper Industry – Provident                         decision-making for resolution of critical
                                                                              Team Leader
Limited (PPCL)-Now Thal Ltd.                       Fund Audit                                 reportable matters and development and
Alnoor Sugar Mills Limited                     FMCG – Cost Audit              Team Member     training of audit staff.
EFU General Insurance                              Insurance                  Team Member

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Resume Owais

  • 1. Telephone  Mobile +92-345-2362983 SYED OWAIS ALAM, ACCA Telephone  Home +92-213-4011977 E-mail  Personal Avaisalam83@yahoo.com OBJECTIVE Seeking a challenging opportunity to demonstrate my skills and abilities and aim for simultaneous achievement of corporate and personal goals in a rewarding global organization offering career growth and professional development. EDUCATION Particulars Institution Status/Passing Year The Institute of Chartered Accountants Chartered Accountant (ACA) Last 02 papers & Case Study to be attempted of England & Wales – UK Certified Internal Auditor (CIA) Institute of Internal Audit – USA 03 papers to be attempted out of 04 papers Associate Chartered Certified Association of Chartered Certified Qualified Member Accountant (ACCA) Accountants(ACCA-UK) Higher Education Commission of Masters in Commerce Equivalency in 2012 Pakistan (HECP) BSc Hon. In Applied Accounting Oxford Brooks University – UK Final research project to be submitted Bachelors of Commerce University of Karachi 2004 Higher Secondary School Certificate PECHS Edu. Govt. College 2001 Secondary School Certificate V.M Public School 1999 EXPERIENCE – Summary (6 Years) Organization Designation Years Karachi Electric Supply Company Assistant Manager – Internal Audit 4 Years Limited Department Hyder Bhimji & Co. (Chartered Audit Senior 2 Years Accountants) PERSONAL DETAILS ITPROFICIENCY EXTRA CURRICULAR Date of Birth September 18, 1983  Organized and actively  Hands-on practical experience of using different modules of participated in the SAP such as FI/CO, MM, etc. annual and various Nationality Pakistani other functions at  Proficient in all components of Microsoft Office, particularly MS Word, Excel, PowerPoint and Visio. school and college. Proficient in English Languages  Attended seminars and workshops on SAP FI/CO – General  Interested in various and Urdu Ledger “Audit & Control Perspective”, Time Management, indoor and outdoor Marital status Single Information Technology, Stress Management, Islamic sports such as Cricket, Insurance & Banking, and Corporate Governance etc. Table Tennis and Snooker. Gender Male DETAIL EXPERIENCE KARACHI ELECTRIC SUPPLY COMPANY LIMITED KESC is the only vertically-integrated power utility in Pakistan and April 2008 to date manages the generation, transmission and distribution of electricity. Provide electricity to 2.1 million customers. I am working as an Assistant Manager -Internal Audit where I lead audit teams through the planning, execution and completion stages of audits. I started as an ACCA Internal Audit Trainee and hired as an Audit Officer and then promoted to Senior Audit Officer and then Assistant Manager. I have also been ranked two times as Outstanding Employee of the department. I have been involved in supervising and conducting internal audit activities and assignments as per audit plan and as and when required by the Management. My specific job description:  Prepare and assist in preparation of audit plans and schedules.  Perform audit activities as per annual audit plan based on significant risk exposures.  Involve in final discussion on the draft audit report with the auditee management.  Conduct special audit assignments of investigative and consulting nature.  Prepare audit reports and presentations for the Board of Audit Committee  Prepare financial analysis and presentations on annual and quarterly basis for Board of Directors.  Follow-up of action taken on audit reports of Systems and Processes.  Review & evaluate the existing Internal Control System and furnish recommendations / suggestions for improvements.  Formulate and /update policies and procedures in consultation with the BU management with a view to improve processes and controls.  Coordination with Quality Assurance Auditors (Ernst & Young). My Internal Audit experience in KESC is as follows:
  • 2. Assignments Nature Role Objectives/Scope To assess the adequacy of the design of internal control and the effectiveness of control procedures AP various activities. To ensure payable balances are in agreement with suppliers and periodic reconciliations of Payable/Vendor accounts have been prepared. To ensure adequate invoice verifications and approvals have been performed and obtained before processing of invoice for payments. Accounts Payable Assurance Team Leader To ensure that invoices are being posted in appropriate accounts in SAP. To ensure accuracy and completeness of Vendor Master Record and changes thereof have been appropriately approved by designated officers. To ensure invoices and liabilities are timely accrued at month end. To ensure that GR/IR account are timely assigned to vendor accounts and timely reconciled. Verify compliance of relevant laws and regulation of Income and Sales Tax. Review mechanism of sales tax receipt and paid on transactions and filling of sales tax return and refund claims from FBR. Review mechanism of Withholding Tax/Advanced Tax deductions and its treatments. Taxation Assurance Team Leader Review disputes (if any) settlement mechanism and its accounting treatments. Ensure proper monitoring of tax relevant ledgers and accounts by the department. Examination of documents such as Income Tax Return, Payment Challans, Withholding Tax Statements, Monthly Sales Tax Return, Invoices etc. To assess the adequacy internal control related to General Ledgers. Effective Utilization of SAP FI Module Compare SAP generated financial statement with audited financial Financial Reporting Assurance Team Leader statement Ensure posting of entries in appropriate cost centers. Ensure compliance of IFRS and Companies Ordinance 1984. Performed physical verification of inventory material of various stores. Review system of Inventory Management Process to identify weakness in controls structure and processes. Inventory Assurance Review of monitoring and reporting mechanism. Team Leader Management Examination of documents such as purchase requisitions, purchase orders, material issue slips, goods received memo and scrap declaration form for identification of unusual transactions during the period. Overview of effective implementation of SAP- MM. Procurement is being carried out in compliance with the corporate policies and procedures contained in the procurement manual. Assurance Ensure appropriate controls over procurement process exist and are Procurement Team Leader effectively implemented. Effective utilization of SAP MM module related to the procurement. Ensure compliance of signature mandate. Performed audits and review of controls related to below treasury functions: o Bill Collection Process/management. Assurance o Bank Reconciliations Treasury Team Leader o Bank guarantee o Borrowing o Letter of Credits o Hedging To assess the adequacy of the design of internal control and the effectiveness of control procedures related to Customer Billing Assurance various activities. Billing Team Member Preparation of analysis reports such as ageing, Faulty meter report, RC/DC, recovery of individual business operation centre, units billed etc.
  • 3. Financial Statement Analysis. Review and add value to the Standard Operating Procedure SOP for the insurance arrangement, incident reporting and claim Consulting / settlement. Other investigation Team Leader Review and add value to the Standard Operating Procedure (SOP) for the Opening of Tender. Reserve price assessment. Review the capitalization of generation projects. HYDER BHIMJI & CO. Chartered Accountants | a member firm of network| KARACHI OFFICE, PAKISTAN July 2005 to January 2007  I worked as an audit senior in Hyder Bhimji & Co. I lead engagement teams through the planning, execution and conclusion stages of statutory audits. Also as part of large teams I assist in the planning, execution and completion stages of statutory audits and validation of financial reporting packages of multinational concerns. My responsibilities include engagement management, client relationship management, and preliminary decision making for resolution of critical reportable matters to the firm and client and coordination with professionals of various fields like legal, actuarial and IT experts.  My audit experience has exposed me to the practical implementation and complexities of International Financial Reporting Standards and best practices in respect of financial and risk management. The most significant corporate clients that have contributed to my professional growth include: Financial statement area / Client name Nature of entity & audit Role responsibility Textile – Statutory Fazal Textile Mills Limited Team Leader I was involved in annual statutory audits Audit/Review and half year reviews of the above Hotels & Resort-Statutory mentioned clients. I was also involved in Avari hotels Limited Team Member Audit/Review the identification, verification and reporting Shahmurad Sugar Mills limited FMCG – Statutory Audit/Review Team Leader on the management controls and applied Seri Sugar Mills Limited FMCG - Statutory Audit/Review Team Member procedures for the purpose of obtaining comfort in respect of audit assertions Alnoor Modaraba Management Investment - Statutory Team Leader related to the financial statement areas. (Pvt.) Limited Audit/Review The audits invariably included assessing the Haji Rang Elahi & sons (Pvt.) compliance with Companies Ordinance, Trust - Statutory Audit Team Leader Limited 1984 and clients in preparation of financial Habib Sugar Mills Limited FMCG – Provident Fund Audit Team Member statements as per applicable financial Adamjee Insurance Company reporting framework, laws and regulations Limited. Insurance – Provident Fund in Pakistan. My responsibilities also Team Member Audit included co-ordination with professionals of various fields like legal, actuarial and Pakistan Papersack Corporation Paper Industry – Provident decision-making for resolution of critical Team Leader Limited (PPCL)-Now Thal Ltd. Fund Audit reportable matters and development and Alnoor Sugar Mills Limited FMCG – Cost Audit Team Member training of audit staff. EFU General Insurance Insurance Team Member