Learning how to fly

The primary role as an Audit Manager is to act as an expert for clients from different industries, identify risks and manage, produce reports highlighting issues and providing potential solutions and ensure compliance with internal (audit methodology and risk management) and external (regulatory) requirements.• Establish the work relation with the clients;• Review of clients accounting policies and internal controls;• Identify accounting and audit issues and developing a way of working which would solve these issues;• Prepare reports and documents financial statements based on the audit opinions issued;• Recommendations for clients business development and internal controls improvements;• Apply the concept of risk evaluation and risk based approach;• Manage clients portfolio and coordinate multiple audit teams in the same time;• Have a good relationship with various stakeholders from audit team to client CFO, CEO or group (foreign) CFO;• Cross-sale for various services depending on the client needs identified;• Work agile, on a solid project management base, in order to have a timely delivery of all projects.

The primary role as Operational Risk Manager is to perform second line monitoring activities related to SOX and the key controls tested by ING entities worldwide. The above translates to the following (non-exclusive) responsibilities: • Prepare the annual monitoring plan;• Challenge and monitor the setup, execution and quality of Controls and Key Control Testing (KCT) throughout the year (Generic and SOX controls). Examining the test documentation and, if the case, Independently test controls;• Challenge and approve the process owner evaluation and sign off; • Assess the design of controls and the operating effectiveness;• Provide advice, guidance and support regarding remediation actions for identified key control deficiencies.In addition, the following activities were performed:•Training provided in Manila, for new joiners;•Process handover regarding Singapore SOX process, from local team;•Training provided on SOX - User Developed Applications;•Risk Lead Manager for ING strategic programs.

As a project manager, the main focus is based on improving quality and client relation. Based on the prior and current experience, the task assigned and work performed are.• Planning for audit engagements, scheduling, resource allocation, risk identification, design and selections of audit procedures to gain assurance regarding these risks.• Work independently on audit missions and offer coaching to junior staff. Developing others is a must.• Managing audit clients.Project management of engagement from planning, to reporting.

As a senior audit consultant the main focus is based on improving quality and client relations. Based on the prior experience, the task assigned are:• Planning for audit engagements; scheduling, resource allocation, risk identification, design and selections of audit procedures to gain assurance in relation to such risks• Work independently on audit missions and offer coaching to junior staff. Developing others is a must.• Keep the audit managers properly informed about running of audit engagements process;• IFRS and statutory Reporting.

As an auditor consultant i had a role of in charge on the project - I am Involved in audit engagements of both International and Romanian owned companies from various industries (such us manufacturing, food and beverage, automobile retail and production and advertising):Also, I am assigned with the following:• Planning for audit engagements; scheduling, resource allocation, risk identification, design and selections of audit procedures to gain assurance in relation to such risks• Leading audit missions (planning, coordinating juniors, executing, and completing financial audits, time reporting and staff evaluating)• Building and maintaining strong relationships with client’s representative to collect information and address potential issues identified• Coaching and providing on-site training for audit juniors, reviewing their work in a professional manner• Keep the audit managers properly informed about running of audit engagements process.The most important client on which I had the role of auditor consultant were: from public sector, energy, football, beer industry and oil and gas.

As a Senior Analyst I was assigned in audit engagements for large and medium clients. During these engagements I have been assigned with the following:• Understand the client business and establish relations with client personnel;• Performing analytical review on accounting accounts based on audit documents;• Reviewing the client accounting policies, operating mode, recording transactions based on OMF or IFRS.• Testing sections with a increased grade of dificulty: Inventory, Fixed Assets, Sales, Cost of Sales or Legal Letter.• Providing recommendations for improved controls and enhanced business efficiency;• Proposing potential adjustments, management letter points and presenting them to the audit senior/manager for review purpose.

As an Audit Analyst I tooked part in audit engagements for large and medium clients. During these engagements I have been assigned with the following:• Understand the client business;• Performing analytical review of audit documents mostly on Receivables, Payables, Cash, Operatin Expenses and Payroll sections.• Document the AGA decisions and asses wheter there is an impact on Financial Statements or not; • Document controls on Unique Register of Controls and asses wheter there is an impact on Financial Statments;• Providing recommendations for improved controls and enhanced business efficiency;• Proposing potential adjustments, management letter points and presenting them to the audit senior/manager for review purpose.

In my period at Ziarul Financiar I was writting articles for Online or which were published directly in the Paper.The articles were originally written by sources as: Bloomberg or Financial Times.Please see my articles on:http://www.zf.ro/autor/alex-stanica