Masab Khalid
Audit
Dubai
Summary of Career
1. Conducted annual risk assessments and updated the Audit Universe, enhancing the organization's risk management framework.
2. To develop a comprehensive risk-based audit plan with budgeted man-hours, optimizing resource allocation and audit efficiency.
3. Prepares and presents quarterly reports to the Board Audit Committee BAC, facilitating informed decision-making at the highest level.
4. To supervise audit execution and recommended key tests, improving audit effectiveness and efficiency while ensuring completion within budgeted time and cost constraints.
5. Review of draft reports to ensure accuracy, completeness, and quantification of financial impact, enhancing the quality of audit deliverables.
6. To ensure regulatory compliance by monitoring adherence to International Financial Reporting Standards IFRS, the Code of Corporate Governance, industry best practices, and local statutes.
7. Fostered proactive risk management by effectively reporting on organizational risks to Management and the Risk Committee on a quarterly basis.
8. To execute special engagements such as fraud investigations, and going concern reviews as directed by the CEO and Audit Committee.
9. Providing critical insights and ensuring organizational integrity.
10. Evaluation of system based IT controls built in to information system.
Experience as Manager Internal Audit & Finance
Heels Shoes
14 November 2022
To date
AUDIT
- Conducting annual risk assessments and updating the Audit Universe accordingly.
- Preparing the Annual Risk-Based Audit Plan with budgeted man-hours.
- Reviewing audit programs and audit scopes submitted by staff to ensure comprehensive documentation of risks and controls.
- Reviewing draft reports to ensure accurate presentation of facts and quantification of financial impact, if applicable.
- Monitoring and ensuring compliance with International Financial Reporting Standards (IFRS), the Code of Corporate Governance, industry best practices, and local statutes.
- Providing effective quarterly reports to management and the Risk Committee regarding organizational risks, including recommendations for improvements and related actions.
FINANCE
- Preparing and presenting monthly, quarterly, and annual financial reports to senior management, providing insights on financial performance and key metrics.
- Developing and maintaining financial models to support budgeting, forecasting, and long-term planning.
- Analyzing financial statements and reports to identify trends, variances, and areas for improvement.
- Overseeing the preparation of financial statements in compliance with IFRS and local accounting standards.
- Coordinating with external auditors to ensure timely and accurate completion of annual audits.
- Generating ad-hoc financial reports for strategic decision-making and management review.
- Ensuring accurate and timely reporting of financial information to internal and external stakeholders.
- Leading the preparation of management discussion and analysis (MD&A) sections for quarterly and annual reports.
- Providing detailed financial analysis and reporting on cost control, revenue enhancement, and profitability improvement initiatives.
- Monitoring and reporting on key financial performance indicators (KPIs) to track the company’s financial health and operational efficiency.
Experience as Senior Assistant Manager Internal Audit
Indus Motor Company Limited (Toyota)
19 December 2016
14 November 2022
- Successfully implemented controls that significantly reduced the risk of non-existent or fake vendors.
- Streamlined scrap management by transitioning to a system-based process, enhancing efficiency.
- Implemented controls in Fixed Asset Register, rectifying overstated fixed assets in financial statements.
- Improved the canteen process, reducing food wastage.
- Enhanced vehicle offloading safety and reduced overbuying of galvanized platform sheets.
Experience as ACCA Trainee - Finance Department
Sui Southern Gas Company Ltd. (SSGC)
06 January 2014
19 December 2016
As an ACCA trainee in the Gas Purchase Department at Sui Southern Gas Company (SSGC), I was responsible for overseeing the policies related to gas purchase. I also processed gas purchase invoices utilizing Oracle software. This role required a keen understanding of industry regulations, financial accuracy, and proficiency in Oracle-based financial systems.
Matric 30 June 2010
Ordinary Level - University of CambridgeIntermediate 30 June 2012
Advanced Level - University of CambridgeBachelor 30 June 2014
B.Com - University of KarachiOther 12 September 2016
Association of Chartered Certified Accountants (ACCA) - MemberAdvanced Excel