Faraz Imam

Certified Public Accountant (USA), Certified Fraud Examiner, Internal Control Auditor

Address: B193 Gulshan Iqbal Karachi- Pakistan

Mobile:

009**-********* ( Dubai)

****-********** ( Pakistan)

Email: adn3fn@r.postjobfree.com

CAREER SYNOPSIS – AUDIT, GOVERNANCE, RISK

& COMPLIANCE

14( Fourteen) years of post articleship professional experience including 11 (Eleven) years in United Arab Emirates (UAE) with an in-depth knowledge of all aspects of Audit, Governance, Risk and Compliance (GRC) function. Former roles performed with State Audit UAE, KPMG - Pakistan, KPMG - Bahamas & Deloitte Dubai. Diversified industry exposure of Integrated audits (Financial, Compliance, Operational and Performance audit).

Risk Assessment

Controls Evaluation and Design

Accounting Reporting Frameworks (IFRS, GAAP,IPSAS)

Auditing Frameworks (IPPF, ISA)

SOX Compliance

Developing policies and procedures

Leadership skills

Process reviews, budget reviews.

Fraud Investigations

Staff Training / Development

Contracts audit

Federal laws of UAE.

Audit Software (AS2, Teammate, Vector)

Certification / Degree Institute / University

Professional

Certifications &

Academic

Qualifications

Certified Public Accountant (CPA) - 2014 American Institute of CPA (AICPA) Certified Internal Control Auditor (CICA) -2013 American Institute of Internal Controls Professional Accounting Affiliate - 2006 Institute of Chartered Accountants of Pakistan (ICAP) Certified Fraud Examiner (CFE) - 2018 Association of Certified Fraud Examiners (ACFE) Bachelor of Commerce - (B.Com) – 2002 University of Karachi – Pakistan (KU)

Government Agencies and Ministries (UAE)

Oil and Gas Sector

Logistics and Distribution sector

Manufacturing Concerns

Cement and Chemical Industries

Health Care Industry

Hotel and Hospitality Sector

Investment Banks

Service Industry

AREAS OF EXPERTISE

QUALIFICATIONS

AUDIT PORTFOLIO- SECTOR-WISE

Working in capacity of a Financial consultant outsourced by KPMG to SSnC Pakistan, a multinational having offices in 35 countries and involved in provding end-to-end expertise across financial services operations with software and solutions to service customers in the financial services and healthcare industries. Roles and Responsbilities

I was entrusted with task to oversee Accounting and Finance function, evaluating end to end controls over all financial processes and suggesting improvements thereto..

Managing the retirement funds and suggesting avenues of investment maximizing return on investment and welfare scheme for members.

Develop policies and procedures for better controls over cash management, creditors management and financial reporting.

Overseeing the process of budgeting, planning and cashflow management for effective liquidity management and cost controls.

Partner with technology team to implement Workday Financial software at SSnC and shifting from legacy system to new software.

Roles and Responsibilities:

Worked in capacity of Manager, reporting directly to Executive Director-SAI and managing audit portfolio of 12 Government agencies annually with team of 20 Emirati talents.

Part of core management team in setting up Professional Service Unit from scratch, developing & implementing risk based audit methodology.

Also creating awareness across federal Government entites about Enterprise Risk Management Framework (ERM) through training and presentations to Board Members and Executive Comittees. Faciliating implementation of ERM across Government entities through advising on legislations and policies to Ministry of Finance.

Identifying, assessing and evaluating compliance, financial and operational risks of auditees. Evaluating those risk on risk scoring criterea of likelihood and financial impact to devise risk based audit plan.

Assessing auditees internal response to risk exposure (risk mangement plan) to control, treat and monitor high risks in order to acheive objectives of related functions and mandate of organisation as a whole.

Reviewing trend analytics / data analysis to establish key risk indicators to timely detect and act on the potential anomalies and process control weaknesses.

Preparing time budgets and ensuring audits are focused on areas assessed as high risk, thus ensuring maximum payback from the assignment utilizing available resources at optimum.

Developing operational and financial audit programs covering all key functions and operational processes. Providing appropriate onjob instructions and training to team member during the execution of the audit.

First level Review of work performed by team ensuring conclusions reached are backed up by evidences and audits have been carried out as per International Public Sector Accounting Standards (IPSAS) and International Standard of Supereme Audit Institution (ISSAI).

KPMG Pakistan – October-2020 to Jan 2021.(Contract) STATE AUDIT INSTITUTION - UAE Dec-2009 to Dec 2018 The State Audit Institution (SAI) is the Supreme Audit Authority in the United Arab Emirates. The SAI is an independent body and attached to the Federal National Council. Besides auditing the federal government entities SAI mandate also include fighting fraud and corruption. SAI is now chairman of INTOSAI (192 member countries) since 2016. PROFESSIONAL EXPERIENCE

Finalising audits of the end-to-end process to independently and holistically assess the adequacy and efficiency of the controls over the business process and numbers presented are not materially mistated.

Reviewing policies and procedures to identify any gaps leading to treatment of similar trasanctions inconsistenly and ensuring its compliance with Federal laws and regulations of UAE.

Reviewing and finalizing audit reports for Executive management to ensure it adds value and is able to achieve buy-in and agreement on the part of the client. Suggesting areas of improvement for better Governance, Risk Managment and Controls.

Communicateaudit findings and recommendations to respective auditees, agree tentative timeline for implementation of controls and timely follow up to ensure that audit recommendations are adressed and implemenauited appropriately

(followup audits).

Liaising with IT auditors to ensure technology risk in audit processes are adequately addressed.

Coordinating with Other Auditors to ensure common understanding of business processes and related risks. Establishing protocols for sharing work and reliance in order to increase effectiness of overall audit process.

Supervised special / Adhoc projects at management's request, including investigations, ethic hotline inquiries, and conflict of interest reviews.

Preparing and analyzing productivity reports, conducting workload reviews and performing performance appraisals for my teams advising them based on SWOT analysis.

Commissioning, Implementation & Upgradation of internal audit processes of SAI to International Standards. This was Catalyst for SAI gaining Chairmainship of INTOSAI since 2016.

Spearheaded fraud investigation for 2 (two) inidividual federal entities and conclusively implemented remedial measures for the same

Audit and Assurance

Deloitte UAE (External Audit) Supervisor - II Dec 2007– Dec 2009 KPMG Pakistan (External Audit)

Audit Supervisor

May2001 – Nov2007 (including 4 years

internship)

KPMG Bahamas

Seconded to KPMG Bahamas based on performance from March 2006 to September 2006 and audited Hospitality and Financial services Sector of Bahamas.

Key Responsibilities

Completed 4 years mandatory CA Internship with KPMG Pakistan.

Reporting to multiple Partners of firm and supervising team of 15-20 at dispersed locations.

Successfully performed foreign reporting of MNC’s under stringent deadlines.

Ensuring audit is executed as per International Standard on Auditing (ISA) and compliance with International Financial Reporting Standards (IFRS) and US GAAP for US Sec-clients

Budgeted time and cost and preparing quotations for fees. Ensuring audits are completed within realistic budget.

Served KPMG Tax Department for 2 years providing tax advice on business transactions and strategies,tax calculation, return preparation and submission for large number of clients. ACHIEVEMENTS - SAI

PRIOR EXPERIENCES

Reviewing financial statements of entities with respect to current tax and deferred tax implications.

Performed Sarbane Oxley and Corporate Governance compliance audits.

Supervised agreed upon procedures on retirement benefits.

Developed policy manuals and procedures to formalize responsibilities for consulting clients.

Supervised successful Forensic Audits on various projects, calculating impact of fraud and control breaches.

Achieving highest grades for my audit portfolio during peer reviews and KPMG International reviews.

Date of Birth : 24 January 1979

Marital Status : Single

Languages : English & Urdu (fluent)

: Available upon request

PERSONAL DETAILS

REFERENCES

Contact this candidate