Muhammad Umer Khan Rao
Professionally Qualified Experienced Internal AuditorVersatile and highly accomplished finance professional, offering over 10 years of diversified experience in external and internal audit and assurance.
A proven ability to constantly challenge and improve existing process and systems. An effective communicator and astute problem-solver with strong decision-making ability.
Work experience principally focused on engagements of Investments, Asset Management, Real Estate Development and Retail based in United Arab Emirates. Consistently rated a high performer in the organization’s routine performance appraisals.
Last Resume Update | April 28, 2019 |
Address | Sharjah, United Arab Emirates |
umerkhan13@gmail.com | |
Phone Number | 00971566967707 |
Experience
Internal Auditor
Identify audit universe of auditable activities in SAM Holdings, its business units, subsidiaries and joint ventures i.e. Investments portfolios, Real Estate Development, Leasing, Retail and concession agreements.
Identifying and assessing Audit risk, develop an Audit planning memorandum and audit programs.
Interviewing key personnel and perform walk-through tests of processes to confirm our understanding.
Perform and control the full audit cycle including risk and control assessment over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations i.e. IFRS, Group Policies & Procedures and applicable Laws & Regulations.
Substantiating the balances and testing control of test basis.
Obtaining evidence to support the implementation and compliance with policies and procedures.
Identify process weakness and recommend risk aversion measures and cost savings.
Perform Data Analytics.
Document the findings in a Draft Audit Report, attending audit close-out meeting and finalize Audit Report with the auditee with agreed implementation plans for corrective actions
Conduct follow up audits, as per the annual audit plan, to monitor implementation of corrective actions.
Consultancy & Advisory Services on process improvements.
Conducting IT Reviews including system controls
Conducting ad-hoc investigations and provide reports to ED/COO/CEO
Senior Internal Auditor
Involvement in preparation of budgets for the assignments and their planning;
Analysis of key financial and operational ratios relevant to performance and identification of areas requiring management attention;
Assisting store management in preparation of financial reports and presentations for monthly Head office reporting;
Minimized internal control weaknesses and risk exposure by recommending controls & business process remediation plans.
Improved internal audit activities through review of programs and detecting deficient controls, duplicated efforts and non-compliance.
Perform forensic investigation, risk assessment and internal controls evaluation.
Identify potential risks and prepare detailed reports; perform control testing and evaluate risks.
Collaborate with senior management during planning and course of audit.
Generate reports including observations, potential impact, risk rating and recommendations; ensure appropriate documentation using internal audit software (Team Mate), reporting to internal audit manager & HOD.
Recommend changes in operations and financial activities.
Conduct Internal Audit Assignments, control self-assessment (CSA) reviews and Follow-ups across multicultural environment of 15+ countries including UAE, Iran, Oman, Qatar, Bahrain, Jordan, Egypt, Lebanon, Pakistan and Georgia etc.
Senior Auditor
Responsible for planning of audit engagements by meeting with clients to understand their expectations and designing audit strategies after assessing the audit risk associated with the client.
Reviewed and documented business processes, identification of process level accounting risks and related controls.
Evaluating system of internal control and risk management procedures identifying weaknesses therein and communicating those weaknesses with recommendations to those charged with governance.
Performed substantive testing in accordance with KPMG Audit methodology and validation of key controls.
Assisted clients in preparation of financial statements in accordance with the financial reporting framework including compliance with International Financial Reporting Standards (IFRS)
Comparing budget vs. actual cost incurred and validating the returns against initial expectations.
Analysis of financial statements, comparison of current financial performance with budgets and prior years and investigation and explanation of variances.
Planning, execution and finalization of the audit and review engagements within stringent reporting deadlines.
Carrying out consolidation of financial statements of group audit entities.
Preparation of board presentation by collecting and compiling information and data and present the consolidated information in customized format.
Monitoring and reporting on matters pertaining to compliance of company’s agreements with third parties and regulatory authorities.
Ensuring concise and well-timed preparation of all deliverables Internal Controls Review, Assurance Reports, Management Letters, letters to the Audit Committees and Board of Directors.
Preparation of audit files using KPMG audit software eAudit.
Audit Officer
Understanding the client’s business processes and risk analysis and evaluation of controls embedded within the business processes;
Conducted statutory audits in accordance with various pronouncement of the applicable accounting framework and International standards of auditing.
Providing basic advisory services to clients in respect to accounting treatment of complex transactions.
Ensure compliance with internal policies and procedures and laws and regulations;
Develop recommendations for areas of improvement, write reports documenting findings, and follow up on recommendations to ensure suggestions are implemented;
Complete internal audit reports with consequences and recommendations for dissemination to management and ensure proper follow up outstanding items and recommendations.
Education
CIA
ACCA Member
Bsc (Hons) in Applied Accounting