1. Bassem A Gaber, CPA
Gaber.Bassem@gmail.com
Relevant Competencies to my Experience Background
Audit Background
General
• Over 9 years of experience in the accounting, auditing fields as well as in conducting other
related financial services for a wide variety of clients including international organizations, private
and public sector companies.
• Solid understanding of applying International Financial Reporting Standards (IFRS),
Generally Accepted Accounting in the US (US GAAP) and the Egyptian Accounting Standards
(EAS).
• Solid experience in auditing and preparing consolidated financial statements according to
GAAP including auditing and preparation of OCI, Statements of Cash Flows and the Statements
of Stockholders' Equity according to EAS, IFRS and U.S. GAAP.
• Solid experience in the field of accounting, auditing and financial consultation, including
complex issues of purchase accounting, debt recognition, postretirement benefits including 401k,
profit sharing and pension plans issues, stock dividends, vacation/PTO, Sub-servicer
agreements and accounting for potential environmental legal liabilities.
• Good knowledge in budget preparation, corporate tax filing.
• Solid background of Sarbanes-Oxley controls testing for SEC registrant, and applying rule
404.
• Solid experience in compensation accounting, including review of stock-based compensation
expense files and Earning Per Share (EPS) calculation, to ensure compliance with U.S. GAAP.
• Very Good knowledge of auditing the SEC filings including 10k, 10Q, 8-K. and statement of
changes in beneficial ownership.
• Involved in auditing Initial Public Offering (IPO) of registered company in London exchange
market in 2010.
• Helped in system analysis and development of internal control systems for big industrial
firms.
• In-depth knowledge through practical application of Audit software.
• Planning and time management skills. Self-starting, and able to manage conflicting demands
• Team player – able to operate as part of a wider international team, and ability to work
across cultures.
Responsible for Planning and Reporting the audit including:
• Understanding and documenting knowledge of client’s environment, business, accounting
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2. systems and internal control.
• Evaluating the design effectiveness of internal control.
• Audit Risk Assessments of financial statement and activity level risks based on the
understanding gained of client.
• Design tailored audit program that addresses the identified financial statement risks.
• Ensure that planned scope of work has been actually carried out and provided sufficient
audit evidence and the working papers include appropriate documentation.
• Perform the overall review of financial statements and ensure that the financial statements
and audit report make sense from a risk management standpoint and comply with professional
standards and Firm policies.
• Reviewing the audit financial statements according to the Egyptian standards, IFRS and US
GAAP.
Handling all communications with clients including:
• Negotiating fees with clients.
• Attending clients planning and exit meetings and discussed audit issues.
• Reporting the findings, audit report matters and management letters to the client
management and audit committee.
Supervised subordinate audit team members through:
• Performing the detail review of staff performed work and clients’ Internal Audit direct assistance
work.
• Supervising of various team members during their time on the audit, some of them are brand
new staff since they come to EY from college. I am responsible to coach them in lieu of the
working quality standards.
• Supervising and coordinating audit staff, directing the efforts of assistants who are involved in
the audit fieldwork.
• Preparing performance evaluations for team members
Fraud Inspection Background - USA
• 6 months as a Fraud Inspector in Ernst & Young Atlanta, GA Office.
• Have a strong background over statutory foreclosure processes review in Judicial and Non-
Judicial States.
• Strong experience background of Foreclosure complaints in the United States.
• Have performed an agreed upon procedures over the foreclosure process over HSBC
assigned by Federal Reserve Department which considered one of the largest AUP
Consulting engagements in EY history.
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3. • Reviewed the checklists of foreclosures and complaints by lenders and borrowers for Judicial
and Non-Judicial states, and ensuring the compliance with the legal requirements.
Finance Background
• Over one year as a Finance Manager in Orascom TMT in the field of Telecommunication,
Media and Technology.
• Working with the stand-alone team to issue the separate financial statements. Also, I am
responsible for monthly and quarterly reporting of the Separate financials. Including
communication with external auditors and proper filing of tax returns.
• Reviewing the vendor invoices and approving payments after withholding tax consideration.
Also, I am responsible for approving bank transfers and wires and making sure of available
cash balance within the monthly budget.
• Working with accounting teams in documenting process memos for the financial statement
close process and other internal accounting memos providing strategic recommendations.
• Oversee cash flow planning and ensure availability of funds as needed. Also, Overseeing
financing strategies and activities, as well as banking relationships.
• Ensure timeliness with subsidiaries, accuracy, and usefulness of financial and management
reporting; oversee the preparation and communication of monthly and annual financial
statements.
• Preparing required quarterly consolidated financial statements, footnotes and disclosures in
accordance with EGY GAAP for the Egyptian Security Exchange Market. Also, I am
responsible for preparing the consolidated financial statements according to IFRS for London
Exchange Market.
• Preparing quarterly and annually financial analysis reports and overall analytical reviews
(OAR) to be presented to the management and board meetings.
• Work with the top management including the CEO on all operational and strategic issues as
they arise and provide strategic recommendations. Ensuring legal and regulatory compliance
of the company’s operations.
• Develop, implementing and/or modify recordkeeping and accounting systems using
appropriate accounting software. Also, posting stand-alone journal entries on a monthly
basis.
Experience Fields Background and Sample of Audit Clients
A- Manufacturing and Real Estate clients:
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4. • I have a strong experience with the manufacturing, Mills and Real Estate companies.
• I was responsible to lead discussions with the client’s managements concerning several
inventory issues, which provide me with a wide range of understanding of inventory’s issues
including, inventory valuation, test counts, inventory equations and consideration of fraud.
• I have a strong understanding of Inventory recognition including the ownership and transfer
of risk and rewards rules. Also, I have a good understanding of the inventory accounting
including FIFO, LIFO and weighted/ moving average using both perpetual and periodic
accounting.
• Regarding Real Estate companies, I feel comfortable to discuss and handle with the
management issues related to the revenue recognition or percentage of completion.
• Sample of audit clients:- Jotun for Paints.
- Mercedes Benz.
- ArrMaz Parent Corp (AMZ).
- DSM Chemicals Corp.
- SNC Lavalin Co.
- Mena Investments Co.
B- Telecommunication:
• I had a strong experience in auditing many telecommunication clients in Egypt for many
years between governmental and privately held companies. This experience filed me with a
good understanding of the revenue recognition and the legal requirements in this field.
• I was responsible to communicate with subsidiaries any related intercompany or AR issues.
• Sample of audit clients: - Orascom Telecom Holding.
- Telecom Egypt.
C- Healthcare:
• Since my transfer to the United States, I participated in the audit engagements of large and
listed Healthcare clients. Also I was reporting as a manager for hospital subsidiaries.
• This field provided me with a solid experience regarding the revenue recognition, Patients
and contractual allowances.
• I have a good understanding of third party provider accounting and agreements.
• I was responsible to lead the audit teams to perform test of controls for these public entities.
• Sample of audit clients: - Healthcare Management Association (HMA).
- Lavie Healthcare Centers.
- Iasis Healthcare.
- Acadia Healthcare.
D- Governmental Audit and Not for Profit:
• Since my transfer to the United States, I participated as an audit team member of some of
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5. governmental and not for profit bodies. I had a good understanding of the governmental
communication requirements.
• I have a good understanding of the modified accrual accounting. Also, I was involved in
reviewing the financial statements presentation of not for profit engagements.
• Performed Government Card (Purchase and travel card) audit.
• Sample of audit clients: - Pinalls County, FL.
- ICLARM World Fish Centers.
E- Entertainment and Media:
• I had a strong experience in auditing many Entertainments and Media privately held
companies in Egypt for many years. This experience filed me with a good understanding of
the revenue recognition and the legal requirements in this field.
• Sample of audit clients: - Rotana Studios.
- ART Group.
F- Financial services and Banking:
• In 2012, I had the opportunity to join the Fraud Investigation team in performing agreed upon
procedures. This project provided me with a strong background of the foreclosure process in
the Judicial and Non-Judicial states, and also the legal requirements in filing complaints.
Also, I had the opportunity to participate with the audit team for a large multinational
insurance company, which provides me with a good background of insurance service.
G- Employee Benefit Plans (USA):
• I was responsible to lead the audit team of Employee Benefit Plans (EBP) for Public and No-
public clients.
• I have a strong background of both defined contribution and defined benefit plans, including
401K, Pension and Profit Sharing plans.
• I have a good experience with the filing requirements to SEC regarding 11-k forms and filing
of Form 5500 with Department of Labor (DOL) in the United States.
• Sample of audit clients: - Astec Industries 401(k) Plan and KPI Pension Plan.
- Ravago 401(k), Pension and Profit Sharing plans.
H- Others:
• During my years of experience I had good backgrounds of other fields such as storage
companies, Triathlon races companies (Ironman).
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6. • Within the above mentioned audits. I was responsible to communicate with Corporate and
subsidiaries teams. In addition I was involved in preparing or auditing the consolidated
financial statements.
Affiliations and Credentials
• Member of American Institute of Certified Public Accountants
• California Association of Certified Public Accountants
• Licensed California Certified Public Accountant (License # 119840)
• Chartered Global Management Accountant (CGMA).
• Member of Egyptian Society for Accountants and Auditors (MESAA).
• Licensed Chartered Accountant with Egyptian Ministry of Finance (License # 28630)
• Member of Egyptian Taxation Society.
.
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7. • Within the above mentioned audits. I was responsible to communicate with Corporate and
subsidiaries teams. In addition I was involved in preparing or auditing the consolidated
financial statements.
Affiliations and Credentials
• Member of American Institute of Certified Public Accountants
• California Association of Certified Public Accountants
• Licensed California Certified Public Accountant (License # 119840)
• Chartered Global Management Accountant (CGMA).
• Member of Egyptian Society for Accountants and Auditors (MESAA).
• Licensed Chartered Accountant with Egyptian Ministry of Finance (License # 28630)
• Member of Egyptian Taxation Society.
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