Usman Ali
Accounts and Auditing Professional
Dubai
Summary of Career
1. • Assist and make assessment of clients’ business, operations, environment and internal control/ accounting controls and their administration risk along with a deep understanding of the clients’ industry, business and marketplace
2. • Formulation of audit strategy and understanding of regulatory framework including accountability structure, financial policies, accounting principles and accounting procedures client is following, assist in setting budgets and pricing, scheduling audits, selecting staff and assigning workloads, and financial reporting
3. • Conduct, handle, assist and complete the entire audit of various entities independently and directly reporting to partner after verification and audit of: o Asset, liability and capital account entries by collecting analyzing account information and Journal Entries Testing. o Financial transactions and financial actions by analyzing and comparing them with IFRS recommended accounting options along with tax implications and inquiring the responsible person who organized and documented the finan
4. • Supervised preparation of financial statements (i.e. current financial status, balance sheet, profit and loss statement and other financial reports) in accordance with IFRS and local laws.
5. • In advisory and consultancy role I have prepared the complete financial statements i.e. Statement of Financial Position, P&L, Cash Flow statements, Statement of Changes in equity along with notes to the financial statements.
6. • Understanding the business cycles, internal controls system and identification of significant risk areas
7. • Evaluating internal control systems, identifying control weaknesses and making appropriate recommendations to the management / Board of Directors
8. • Supervised preparation of financial statements in accordance with IFRS and local laws
9. • Reporting and assisting Senior Manager/Director/Partner audit & assurance and risk advisory for audit matters
10. • Finalizing engagements, including holding closing meeting with client for resolution of significant matters; drafting reports; and reviewing management letters and presentations for client communication
Experience as Audit Senior
Deloitte Yousuf Adil, Chartered Accountants
07 July 2015
24 January 2019
Key Responsibilities:
• Assessment of clients’ business, environment and internal control risk along with a deep understanding of the clients’ industry, business and marketplace.
• Planning different audit engagement and review engagements including carrying out risk assessment, client acceptance procedures and developing audit procedures, in line with ISAs and Deloitte International Audit Approach/Methodology
• Formulation of audit strategy, setting budgets and pricing, scheduling audits, selecting staff and assigning workloads, and financial reporting
• Monitoring and evaluation of systems and underlying records of financial statement assertions;
• Conducting and handling the entire audit of various entities independently and directly reporting to partner;
• Understanding the business cycles, internal controls system and identification of significant risk areas
• Evaluating internal control systems, identifying control weaknesses and making appropriate recommendations to the management / Board of Directors
• Supervised preparation of financial statements in accordance with IFRS and local laws
• Directed, conducted, supervised and reviewed audit in accordance with ISA and Deloitte audit methodologies
• Ensuring satisfactory clearance of my audit engagement from Deloitte’s Engagement Quality Assurance Review (EQAR)
• Reporting and assisting Senior Manager/Director/Partner audit & assurance and risk advisory for audit matters
• Finalizing engagements, including holding closing meeting with client for resolution of significant matters; drafting reports; and reviewing management letters and presentations for client communication
Other 01 February 2019
Post Graduate Diploma in Public Accounting (PGD PA) from Institute of Certified Public Accountants of PakistanOther 01 June 2019
Certified Public Accountant (CPA) from Institute of Certified Public Accountants of PakistanOther 01 May 2015
CA Inter from Institute of Chartered Accountants of PakistanOther 01 January 2020
CA (Final) from Institute of Chartered Accountants of Pakistan