This document provides a summary of Syed Owais Alam's qualifications and experience. [1] Syed Owais Alam is seeking a challenging opportunity in a global organization that offers career growth. [2] He has over 6 years of experience in internal audit and is pursuing several professional accounting qualifications. [3] He currently works as an Assistant Manager of Internal Audit at Karachi Electric Supply Company, where he leads audit teams and conducts audits of various processes.

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