Management Financial

MUHAMMAD ASAD MUGHAL

Apartment No.***-Prime Residency-I, International City-Dubai, United Arab Emirates

Contact (UAE): +971 0-50-159*-*** Email: **.******.****@*****.***

OBJECTIVE

Pursuing to seek a challenging position in a dynamic organization with the aim to:

Contribute towards the organizational success by effectively applying my professional skills;

Perform consistently to meet the organization’s expectations and achieve career growth and enhance my capabilities and professional knowledge.

EDUCATION

Particulars

Institute

Achievements / Highlights

Certified Public Accountancy (USA)

American Institute of Certified Public Accountants

In progress

Chartered Accountancy

The Institute of Chartered Accountants of Pakistan

ACA finalist

Business Administration graduation

New Ports Institute of Communication & Economics

Secured 1st division

Higher Secondary Certification

(GCE A-levels equivalent)

Board of Intermediate & Secondary Education, (Hyderabad, Pakistan)

Secured First position in the board.

(Awarded with best performance Gold Medal from Government of Pakistan)

Secondary School Certification

(GCE O-levels equivalent)

Board of Intermediate & Secondary Education, (Hyderabad, Pakistan)

Secured 1st division

LINE OF EXPERTISE

Audits/Review of Financial Reporting and Accounting Systems

First time IFRS adoption

Corporate merger and group consolidation

Group reporting and financial reporting in line with IFRS

Skills with budgeting, forecasting and cash flow management.

Internal control reviews and development analysis

Key aspects of my career:

9+ years of experience in Big 4 + Mid-tier firms - leading to thorough knowledge of accountancy/finance and diverse industries;

An instrumental and knowledgeable finance professional;

Experienced in managing teams, mentoring and developing junior staff with proper counselling and on the job training;

Proficiency in International Financial Reporting Standards (IFRSs) – enabling me to prepare and analyze effective financial reporting for various clients;

Experience in diverse sectors, primarily in Financial Sector, Automobiles, Public Sector Government Bodies, Manufacturing and Hospitality, etc.

EXPERIENCE

Grant Thornton UAE - a member firm of Grant Thornton International Ltd. (GTIL)

January 2012 - Present

AUDIT & ASSURANCE SERVICE

Working as Audit Senior at Dubai office. My key responsibilities include:

Conducting and supervising various group and statutory audits, group reporting assignments, group consolidations in accordance with IFRS and GTIL's globally adopted audit methodology. Providing on-the-job training to team members;

Possessing in-depth knowledge of ERP systems i.e. Oracle, SAP, MS Dynamics and their implementation, hence performing a detailed review of the operations and internal control systems in a computerized environment to identify weaknesses and reporting of recommendations to client's management for improvement;

Review of government grants, grant budgeting and its application on various clients in UAE;

Evaluation of various public sector projects in UAE developed by the Government in different Emirates. I was responsible for suggesting accounting treatments on stage of completion and feasibility study on those projects;

Review of various joint venture agreements between Government and developers and suggestion of benchmark accounting treatment;

Conducting and supervising international audit assignments with Grant Thornton, Azerbaijan practice on frequent basis. Supervising first time IFRS adoption assignments at major Aviation and FMCG groups.

My experience in the Audit and Assurance Department of the firm has enabled me to develop a comprehensive understanding of the competitive and regulatory environments of diversified industries and the accounting and internal control systems implemented at various organizations. The list of most significant clients is produced on the next page:

United Arab Emirates

Financial Services

Dubai National Insurance & Reinsurance PSC

Automobile

Al Yousuf Motors LLC

Habtoor Motors LLC

Construction & Property Development

Habtoor Leighton Group LLC

Al Shafar Group

Government Sector

Sharjah Investment and Development Authority

Broadcasting

CNBC Arabia

Consumer Industrial Products & Services

Wafi Industrial LLC

Rashideen Group

Flint Middle East LLC

Hospitality & Leisure

Waldorf Astoria Palm Jumeirah

Habtoor Hotels and Resorts

Mohamed Omar Bin Haider Hospitality

Real Estate & Property Management

Cluttons LLC

IFA Golden Mile (Palm Jumeirah)

Azerbaijan

Aviation

Silk Way Airlines LLC

Consumer Industrial Products & Services

Azersun Holding LLC

Azerbaijan Salt Production Company PJSC

Trade Association

American Chamber of Commerce in Azerbaijan

A. F. Ferguson & Co., Chartered Accountants [Pakistan] - a member firm of network

Apr 2006 - Dec 2010

ASSURANCE & BUSINESS ADVISORY SERVICES

Worked as Audit Senior. My key responsibilities included:

Public accounting, statutory audits and financial reporting engagements at various manufacturing entities, financial services and NBFIs;

Reviewing compliance with applicable Financial Reporting Standards (IFRSs), local corporate laws, tax laws, protocols and directives of regulatory authorities;

Leading engagement teams through the planning, execution and completion stages of audits;

Reviewing and evaluating industry and entity level risks of the client, keeping in perspective the impacts on financial statement assertions;

Advising financial institutions on bench-marking of internal controls and procedures for implementing and harmonizing best practices in industry;

Planning, budgeting and human resource management on audits and other special nature engagements including team building, leadership and on-job professional training of staff;

Consultation on significant matters with client's management and other professional i.e. legal counsel, tax counsel, banks, agents, IT experts.

The most significant clients that have contributed to my professional growth include:

ASSURANCE

Consumer Industrial Products & Services

Clariant Pakistan Limited (a subsidiary of Clariant AG, Muttenz, Switzerland)

GlaxoSmithKline Pakistan

Abbot Laboratories Pakistan Limited

Indus Motor Pakistan Limited

Energy, Utilities & Mining

Shell Pakistan Limited

Pak Arab Pipeline Company Limited

Technology, Information & Communication

KASB Technology Services Limited

Financial Services - Banks

Union Bank Limited (Pre-merger audit December 2006)

Standard Chartered Bank Limited

Bank Alfalah Limited

National Clearing Company of Pakistan Limited

Financial Services -

Non-banking Finance Institutions

First National Equities Limited

Pak Gulf Leasing Company Limited

NIT (National Investment Trust Limited) Funds

NAFA (NBP Fullerton Asset Management) Funds

Non-profit organisation

Karachi Centre for Dispute Resolution (Mediation service)

Commecs Institute of Business & Emerging Sciences

SPECIAL ASSIGNMENTS

Financing against pledge of listed securities

Bank Alfalah Limited

I headed a team to review compliance by the bank with SBP directives and Stock Exchange Listing Regulations and to report on issue of financing against pledge of listed securities (both equity and debt instruments). This type of facility is supportive to secondary capital market and stock brokers/investors.

RISK ADVISORY SERVICES (RAS)

SOX 404 & COSO

[External Advisory Service]

The Royal Bank of Scotland-Pakistan

I have been part of the PwC's Advisory Team appointed by the Bank’s management to provide SOX 404 and COSO advisory in accordance with the directives and requirements of the State Bank of Pakistan.

Covered following key banking functions including:

Centralised Trade Finance division

Export Collection, export negotiation, export refinance, imports, domestic/ foreign remittances and NOSTRO reconciliation.

GIA (RBS Global Internal Audit Division)

Review of internal audit framework, audit committee TOR and reports.

Compliance Division

Review of internal compliance framework, Compliance Group scope and functioning, Internal Control Division reports, Code of Corporate Governance.

Anti-fraud

Review of Key Controls Standard (KCS), Key Risk Indicators Framework and FALCOM system.

The advisory services mainly included the following:

Development of control documentation in line with the COSO framework and PCAOB 2/5 guidelines

Performing a risk assessment of the business sub-processes/sub-cycles for the purpose of identifying design deficiencies. Benchmarking of controls with the requirements of the COSO framework, International best practices and applicable statutory regulations

Development and submission of “Gap Analysis & Recommendation Report” and the “To-Be Process and Control Documentation”

Development of Risk Control Matrices (RCMs) highlighting controls implemented on business processes/cycles and sub-processes/cycles

Risk-Asset-Review of the banks Consumer Auto Finance Portfolio. Involved in areas such as Insurance Management, Tracker management and overall assessment of the health of bank's portfolio;

Revision and upgradation of Charters (Terms of Reference) of the 'Audit Committee' and 'Internal Audit Department' in line with the market benchmark practices and regulatory requirements for the banks;

Revision and upgradation of the Internal Audit Policy Manual in line with the newly developed Internal Audit Department's charter.

IT PROFICIENCY & PROFESSIONAL DEVELOPMENT

In-depth knowledge of IFRS, IPSAS, ISA, UAE Commercial Companies Law, UAE Labor Law, various Free Zone laws and other notified regulations;

Hands on experience and proficiency in using PwC audit software MyClient and GTIL's Voyager (with necessary audit tools);

Attended various in-house workshops and training sessions on the subject of audit methodology and group discussions on applications of various accounting standards;

Passed various e-learns (internal tests) as devised by PwC and Grant Thornton LLP for its audit and advisory personnel;

Professional working experience with MS Excel, MS Word, MS Visio; and

Ability to meet stiff deadlines maintaining the quality of documentation and reporting.

INTERNATIONAL FINANCIAL REPORTING STANDARDS

Professional examinations of the Institute of Chartered Accountants of Pakistan (ICAP) which related to the detailed examination of IFRS and related interpretations and my practical experience with audit firms has exposed me to in-depth understanding, practical implementation and complexities of these standards.

SEMINARS, WORKSHOPS AND OTHER COURSES

Attended various seminars conducted by Institute of Chartered Accountants of Pakistan (ICAP), PricewaterhouseCoopers and Grant Thornton UAE office on Taxation, International Financial Reporting Standards, International Standards on Auditing, Code of Corporate Governance, Derivatives and other relevant industrial, regulatory and professional issues.

PERSONAL DETAILS

EXTRA CURRICULAR

REFERENCES

Date of birth

June 12, 1985

Teaching on Financial Reporting, Audit and Corporate Laws at various business schools;

Participated in Chartered Accountants Students’ Association (CASA) flood relief program (upper Sind region) in August 2010.

Will be provided on request.

Marital status

Married

Languages

English, Urdu

AVAILABILITY

Religion

Islam

Flexible on request

Nationality

Pakistani

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