Internal Audit Risk and SOx

AUDIT, RISK, CONTROLS AND SOX SPECIALIST

Olufemi Ojikutu, Msc, ACA, CIA, CISA

Email: **************@*****.*** Phone: 301-***-**** or 240-***-****

Professional Experience

Deadline-driven, detail-oriented, client service-focused, effective and efficient, professionally qualified

accountant/auditor with extensive experience (part with Big 4- Deloitte) with multi-nationals in finance, SOx

compliance, risk, project and change management, internal and external auditing. Risk and ‘big-picture’ focused.

Deep commercial awareness gained from extensive partnering with key internal and external stakeholders within the

business community in diverse sectors. Excellent report writing skills to deliver constructive value-adding

recommendations. A strong challenger of the status-quo and skillful in driving change.

Principal Areas of Practice

Internal audit specialist with strong skills in financial, process and IT application and infrastructure audit, internal

controls design, and Sarbanes-Oxley compliance. Familiar with IFRS, GAAP, COBIT, COSO, IPPF, ITIL

Areas of Practice

Internal, SOx, IT Governance, Risks,

Major Projects

Controls, Process design and improvement,

Investigation, Financial Analysis, Project

IT Business Solution Outsourcing and Software Development Company

Management.

(1)

Led the global set-up and end-to-end implementation and on-going management of SOx 404 (including IT)

Industry Lines

framework for year-end certification of a newly acquired software development subsidiary (with over 3000

High Tech (Software development and IT

employees, 20 worldwide locations and three-quarters of a billion dollars in annual revenue). This involved

outsourcing services)

control design/ re-design, walkthrough, testing / re-testing, remediation and supervising

Telecoms

PriceWaterhouseCoopers (PWC) consultants supporting the project.

Financial Services

Within 12-months of the implementation the Company was certified SOx-compliant and all key processes

Engineering (oil and gas)

were aligned with global processes of the acquiring company.

Automotive and FMCG (automotive

manufacturing, general wholesale and retail)

(2)

• Co-led the implementation of revenue recognition and capitalization processes and Vendor Specific Objective

Computer Applications

Evidence (VSOE) for the software business of the Global Health Care Vertical of the company. This involved

SAP R3,

reviewing and redesigning the process; contract restructuring and curing; identifying revenue that had been

SUN,

inappropriately deferred as well as software development costs that were wrongly accounted for and

SAGE, QuickBooks

recommending appropriate accounting treatments under USGAAP.

Blackline (Balance Sheet Reconciliation tool)

This resulted in fast-track recognition of deferred revenue of over $5m and capitalization of software

K-Trinity (Financial Statement Preparation

development costs in excess of $1.3m

Tool),

Testtrack, Clarizen, CAS (Contract

Major Telecoms Company – the largest telecoms operator in the UK with over 27 million customers

Management)

ICE-T, ICE3 Open Pages (GRC Tools)

As a Project Lead representing Internal Audit Department, responsible and delivered the seamless integration

Microsoft suite, Lotus Notes, SharePoint.

of the Treasury Management System of two newly merged telecoms company with distinct treasury

management processes.

Education/Qualifications

MSc, Managerial Psychology This involved performing independent audit of the cash flow management systems of the two companies and

adopting the findings to determine the deliverables.

LLB

HND Business Administration (Accounting) Coordinating all process owners (AR, AP, Treasury, etc) within the cash flow cycle to build the template for the

new Treasury Process.

CISA

The Project was delivered within time and budget and a unified Treasury Management System instituted

CIA

resulting in an improved dashboard aiding better daily management of cash surplus and deficit.

ACA

This resulted in a verifiable combined savings of over $1.3m financing cost over next 12 months.

Oil and Gas Engineering Design Company

Legal and work status

Green Card Holder (US Permanent

Set-up, from scratch, the Finance Department of the Engineering Company involved in providing services to

Resident)

oil majors (Shell, AGIP, Chevron, etc). Recruited the required personnel; finalized the discussion of

British Citizen (Able to work anywhere in

appropriate accounting system with the External Auditors; facilitated the end-to-end implementation of the

Europe)

accounting system (SAGE Line 50); designed the accounting documents and controls in liaison with the

Clean Drivers’ Licence

external auditors.

Willing to relocate

Furthermore, was promoted to set up the SOx / Audit Department. This involved full process and

Travel up to 60%

documentation, risks and controls identification, preparation of risk/ control matrix (RCM); setting up test plans

and other key templates for SOx compliance.

Achieved SOx certification for the company within 12 months of set-up.

Automotive Manufacturing and Fast Moving Consumer Goods (FCMG) Multi-National Company

As Senior Accountant-Internal Audit, performed forensic investigation of stock losses and made recommendations

resulting is 65% reduction in stock losses. This involved a complete review of the procure-to-sales cycle and

recommendation for a complete overhaul of the entire people and process.

Work History

CSC, Computer Sciences Ltd (Manager, Controls & Compliance and Manager Internal Audit-Dec 2011-Oct 2014

EE Ltd (largest UK telecoms operator) Senior Audit Consultant) -June 2008-August 2011

Titan Engineers & Constructors Ltd (Senior Manager, Operational Audit & SOx) –Jan 2001 to May 2008

John Holt PLC. (Senior Accountant- Group Internal Audit)t-August 1998 to Dec 2000

Rapid Investments Ltd (Corporate Internal Auditor)-July 1992 to July 1998

Deloitte Haskins & Sells (Audit Senior, Semi-senior and Junior)-Oct 1988 to July 1992.

Contact this candidate