Wasim Ullah
ACCA and ACA
Dubai
Summary of Career
1. Worked as Head of Internal Audit in a bank and responsible for overall IA Department for 21 months.
2. External and Financial Audits for 47 months and aware of all auditing standards and guidelines.
3. Expert in Finance and Accounting - Worked directly in Finance for 1 year and indirectly for 6 years.
4. Prepared budgets, financial statements, forecasts, BVA, reconciliations, and all functions related to accounting and finance
5. Worked as External Auditor (Focused on financial audits in different industries)
6. Worked in finance department for different roles and responsible for overall activities of finance department
7. Expert in IFRS, IPPF, COSO, SOX and ISA standards
8. Provided coaching to staff members working with me at all levels.
9. Preparation and implementation of internal audit and financial policies in my career
10. Reviewing the work of team members to ensure quality assurance.
Experience as Assistant Manager and Auditor
PKF F.R.A.N.T.S. & CO Chartered Accountants
15 June 2012
31 October 2015
A member of PKF International in Pakistan.
Managing teams of 5 to 10 members depending on the tasks assigned during the role
Identification & recovery of ineligible costs up to USD 200,000/- and reported them to the client.
Assessment of 11 implementing partners and identified and recovered PKR 1,000,000 due to the fraud in the Payroll of those partners.
Undertake audit assignments, including audit planning, execution, review, and finalizations. Assigning team members to various assignments based on their skills and knowledge.
Preparation of audit reports as well as financial statements that included Balance Sheet, Statement of Profit and Loss, Cash Flow Statements and other statutory reporting requirements.
Providing support to the clients in the preparation of financial and accounting policies. Ensuring the assignments are being completed within the timeframe provided.
Undertaking financial audits which included the verification of financial transactions, verification of financial documents, procurement documents, payrolls, reconciliations, assets, liabilities, income, and expenditures. Preparation of management letters upon findings. Working with different sectors such as education, health, investment management, tourism, social development, government, and financial services.
Experience as Finance Coordinator
EPOS Health Management
01 November 2015
30 April 2016
KP TB Control Programme funded by Germany - 6 months in Project Closing
Managing team of 3 finance staff members working at closing the project financed by the Government of Germany through KFW. Identified loopholes & recommended changes in taxation and procurement procedures. Identified the ineligible costs by implementing partners and reduced expenditure by 20%.
Reduced the time of implementation of service by the contractor by 50%.
Reduced the budget lapse by EUR 150,000 due to additional procurements.
Managing and supervision of all financial transactions in accordance with policies. Preparation of monthly, quarterly, six-monthly and annual financial reports for the Donor and Head Office. Ensure the physical security and that the records are kept in line and up to date in the system.
Preparation of budget forecasts and budgets. Reconciliation of bank accounts on a monthly basis.
Ensuring compliance with all policies and Generally Accepted Accounting Principles’ (GAAP) in all financial matters. Liaison with auditors and other government departments. Review of financial reports submitted by implementing partners. Review of all financial documents such as vouchers, and other supporting documents.
Experience as Audit Manager and Financial Management & Accounting Specialist
11 May 2016
31 July 2017
Audit
Managing team of 10 audit staff responsible for external and internal audits.
Quality assurance reviews of audit reports and financial statements as per International and local guidelines.
Main responsible for audit and assurance department and finalized audit reports as per ISA and guidelines.
Preparation of audit reports, management letters, and other relevant documents for the assignments.
Involved in audit planning review, audit execution and finalization. Assigning team members and allocation resources as per the audit and client requirements. Preparing budget and timelines for various assignments.
Audit proposal, communication with clients, quality assurance, external audits, internal audits, and all other activities
Financial Management & Accounting – USAID Project
Managing team of 5 finance department members in order to implement financial policies and procedures and ensure the effectiveness of the finance department to add value to the organization.
Preparation of business plans, Financial Plans for DABS Breshna. Preparation of Financial Policies and providing recommendations in order to improve internal controls. Training the local finance staff in IFRS/IAS and GAAP
Act as financial controller, budget and forecasting, planning and analysis, budget vs actual reports.
Transactions review, general ledgers, reconciliations, cashflow management, payables and receivables management reviews. Preparation and reviews of management reports including trial balances, balance sheets, income statements, monthly financial reports, quarterly financial reports from MIS/Oracle.
Ensuring compliance with GAAP and IFRS for reporting purposes.
Experience as Internal Auditor
12 August 2017
30 April 2019
Review and Finalization of Internal Audit Reports including branches and department audits.
Updating Audit Strategy, Audit Policy and Procedures for Audit Committee Review and Approval.
Undertaking fraud investigations referred by the Audit Committee and providing reports to the Audit Committee.
Defining Internal Audit processes that conclude from internal audit planning, execution, finalization and report submission to management and audit committee along with follow-ups.
Preparation and revision of audit plans for 2017, 2018 and 2019. Introduction of Risk-Based Internal Auditing in 2018 and successfully implementing it through 2018 and 2019.
Responsible for the smooth and effective day-to-day administration of the Internal Audit Department.
Develop and supervise comprehensive program of audit assignments covering: Internal controls, Risk Management Process, Regulatory Compliance, Evaluating the quality of corporate and credit portfolios, Credit Management Process, Treasury and Investment portfolios, administration and Financial Systems, Human Resources, IT, CBS and e-banking services, and other related business of the bank.
Review of Governance, Risk Management Process and Internal Controls. Reporting to the Audit Committee with regard to assurance of conformity with IPPF standards along with the COSO Framework.
Ensuring compliance with applicable policies and procedures as well as Central Bank Regulations; assessing the impact of non-compliances in terms of financial and business risks.
Bachelor 23 September 2019
BSC Hons - Oxford Brookes UniversityOther 22 July 2017
Associate Chartered Accountant (ACA) from ICAEWOther 31 December 2012
ACCA Qualified