Experience as Senior Audit Associate

• Employer

• From

  01 May 2009

• To

  30 April 2013

• Detail

  
  • Development of general strategy, detailed audit plan and audit programs.
  • Prepared detailed time budgets and coordinated with the staff to meet the reporting deadlines.
  • Applied new technical pronouncements and identified areas of potential risk
  
  • Delegated work to the staff, performed reviews and gave appropriate directions for conduct of work.
  • Addressed and resolved significant accounting and auditing issues rose.
  
  • Obtained an understanding of accounting and internal control system.
  • Assessed the control risk at preliminary stage.
  • Evaluated the effectiveness of the design and operations through test of controls.
  • Identified weaknesses, addressed risk and gave suggestions to improve internal control system.
  • Identified critical risks faced by business and discussed mitigating factors thereof with management.
  
  • Complying with the International Financial Reporting Standards (IFRS) and International Standards on Auditing.
  • Prepared reports on financial results for submission to management.
  • Prepared annual financial statements for the statutory purposes.
  • Conducted and prepared cost audit reports
  
  • Obtained sufficient appropriate audit evidence through substantive and analytical procedures and physical stock counts
  
  • Reviewed compliance with the statutory requirements
  
  
  MAJOR ASSIGNMENT DURING ARTICLES WITH TAGM & CO
  
  Abdullah Sugar Mills Limited – Cost Audit for the year 2009 & 2010
  Yousaf Sugar Mills Limited – Cost Audit for the year 2009 & 2010
  North Star Limited – Statutory (External) Audit for 2010
  Madina Label (Pvt) Limited & Madina Embroidery (Pvt) Limited – Statutory Audit for 2009 & 2010
  Munawar Pharmaceutical (Private) Limited – Statutory Audit for 2009 & 2010
  Royal Palm Golf & Country Club – VAT Computation for 2012
  Punjab Oils Limited – Statutory Audit for 2012
  Ata Cables (Pvt) Limited – Statutory Audit for 2012
  

Experience as Senior Accountant - Accounts

• Employer

• From

  01 October 2015

• To

  11 October 2017

• Detail

  
  • Verified, allocated, posted and reconciled financial transactions
  • Responsible for the accurate accounting of transactions and timely closing process of GL on a monthly basis.
  • Maintained general ledger (asset, liability, revenue, and expenses), subsidiary accounts; preparing a trial balance; reconciling entries and resolved discrepancies
  • Maintained Fixed Assets Register & Controlled contract maturity dates (Insurance, post-dated checks, rent agreements etc.)
  • Calculated & recorded depreciation/Amortization of Fixed assets & prepayments
  • Calculated & recorded currency exchange gain/loss on foreign currency transactions
  • Preparing CPV, BPV & JVs
  • Reviewed all invoices for accuracy and verify invoices against proof of goods / services supplied
  • Prepared monthly accounts by ensuring that month end closing tasks including schedules, reconciliations, management reports, booking of accruals and period closing is done on time.
  • Prepared monthly and weekly and daily cash flow/fund flow statements for the planning purposes.
  • Prepared monthly Expenses Estimation Report for the coming period
  • Dealt with bank
  • Initiated online transactions and communicated with the approving authorities
  • Prepared of Cheques for suppliers
  • Responsible for generation of information and reports as requested by management for various internal contracts.
  • Prepared annual budgets and conducting variance analysis and implementing corrective actions.
  • Prepared of the In house Financial Statements for Audit purposes.
  • Prepared of payroll i-e for salaried based employees & contractual staff (daily wages and weekly).
  • Calculated end of service benefits (Gratuity, leave encashment) for payment to resigning, retiring and terminated employees
  • Calculated year end provision for end of service benefits (Gratuity, leave encashment) for existing employees and adjusting the provision for resigning, retiring and terminated employees
  • Reviewed expenses and balance sheet item schedules for completeness and accuracy
  • Checked and verified all petty cash expenses of all departments and prepare reports for the purpose of internal control.
  • Prepared weekly, monthly, quarterly, semi-annual, and yearly financial statements for the company
  • Liaison with External Auditor by providing all required schedules to get audit completed on time
  

Experience as Senior Consultant - Accounts - GCC VAT

• Employer

• From

  12 October 2017

• To

• Detail

  RESPONSIBILITIES FOR ASSIGNED CLIENTS
  
  VAT Related Services:
  • Reviewing VAT treatment being carried on for every kind of transactions
  • Reviewing and verification of VAT Invoices as per legal requirements
  • Advising for standard and simple VAT invoice format
  • Reconciling Revenue for Output VAT and verification of VAT treatment as per the nature of revenue
  • Verification of supporting documents to establish the applied VAT treatment of Revenue
  • Reviewing, verifying and advising for the recoverability of Input VAT on business expenses.
  • Submission of VAT returns
  
  Accounting Related Services:
  • Supervising subordinate staff allocated on different clients for accounting and VAT
  • Training and supervising newly hired junior staff to comply with accounting functions
  • Reviewing daily transactions, monthly reports of accounting team.
  • Assisting subordinate staff for preparation of monthly, quarterly and annual accounts
  • Advising accounting treatment for on business transactions
  • Maintaining all accounting functions for allocated outsourced clients.
  • Preparation of all financial reports, including Profit and Loss Statement, Balance Sheet and Statement of Cash Flows, on monthly, quarterly & year-end financial reports.
  • Dealing with External Auditor on behalf of assigned clients