Ayaz Bashir, Fcca Email & Phone Number

Islamabad, Pk

Islāmābād, Pakistan

•Organizing a continuous audit project focusing on DG synergy and optimization to enhance operational efficiency and cost-effectiveness.•Led comprehensive audit of managed services, including evaluations of site security measures, resulting in the implementation of security protocols and improved risk management.•Assisting management in formulating the Internal Audit budget plan with details of each head, including cost savings.•Assisting in the development of a comprehensive audit… Show more •Organizing a continuous audit project focusing on DG synergy and optimization to enhance operational efficiency and cost-effectiveness.•Led comprehensive audit of managed services, including evaluations of site security measures, resulting in the implementation of security protocols and improved risk management.•Assisting management in formulating the Internal Audit budget plan with details of each head, including cost savings.•Assisting in the development of a comprehensive audit plan outlining the scope and objectives for each audit assignment of the organization.•Preparing audit work papers. documenting findings, testing procedures, and evidence, and compiling audit reports detailing findings. recommendations. and corrective actions.•Utilizing the audit software tools to enhance the efficiency and accuracy of internal audits.•Actively participated in and managed investigations related to Whistle blows for identification of control gaps and recommendation of solutions.•Led quality assurance of audit engagements, implementing standardized procedures and protocols to uphold compliance with International and internal quality benchmarks/standards.•Conducted Quality Assurance of internal audit files of U-bank, a subsidiary of PTCL.•Performed quarterly follow-up from audit clients for implementation status of open audit recommendations including their validation.•Performed planning of yearly audits and reviewing controls for departments to assess areas needing improvement and reporting on internal control recommendations to the audit committee. Show less

Blue Area Islamabad

•Designing and supporting audit methodologies to achieve optimal audit objectives and support audit operations for the organization.•Responsible for preparing detailed audit reports communicating audit findings, implications, and improvement recommendations, presenting findings to senior management, and working collaboratively to implement changes.•Performing duties regarding preparing and processing internal audit reports with a special focus on evaluating the strategies for internal… Show more •Designing and supporting audit methodologies to achieve optimal audit objectives and support audit operations for the organization.•Responsible for preparing detailed audit reports communicating audit findings, implications, and improvement recommendations, presenting findings to senior management, and working collaboratively to implement changes.•Performing duties regarding preparing and processing internal audit reports with a special focus on evaluating the strategies for internal control stress testing models with the help of statistical software.•Conduct comprehensive evaluations of internal controls to identify areas of improvement and develop recommendations to strengthen financial and operational processes, ensuring reliability and integrity of financial reporting.•Planning and conducting internal audits to assess the effectiveness of controls, accuracy of financial records, and efficiency of operations and preparing audit reports that communicate audit findings and recommendations.•Performing cost-benefit analyses to determine the financial efficiency of operational activities and processes and recommending changes to enhance cost-effectiveness without compromising quality or compliance.•Performing risk assessments to identify potential risks to the organization’s financial and operational health and working with various departments to implement risk mitigation strategies and enhance overall risk management practices. Show less

Blue Area, Islamabad

•Assisting the Manager Advisory & Assurance in the financial reporting/bookkeeping, audit, tax compliances and financial consultancy services provided to various clients of the firm.•Execution and review of external audits of numerous limited & private limited companies, trusts and NGOS•Part of the team for the provision of financial reporting and bookkeeping services•Supervised the internal audit of NUTECH and PTPS (PVT) ltd•Preparation and submission of Periodic withholding… Show more •Assisting the Manager Advisory & Assurance in the financial reporting/bookkeeping, audit, tax compliances and financial consultancy services provided to various clients of the firm.•Execution and review of external audits of numerous limited & private limited companies, trusts and NGOS•Part of the team for the provision of financial reporting and bookkeeping services•Supervised the internal audit of NUTECH and PTPS (PVT) ltd•Preparation and submission of Periodic withholding statements, monthly sales tax returns and annual income tax returns•Replies to FBR (Federal Board of Revenue) notices received by different clients•Reconciliations under Rule 44(4) as required by the FBR•Handling tax notices and hearing at adjudication and appellate forums Show less

•Financial Reporting•External Audits•Internal Audits•Tax Compliances

Blue Area Islamabad

Financial ManagementInvestment AppraisalsBusiness ValuationOption PricingWorking Capital ManagementDerivativesCorporate GovernanceRisk ManagementStrategic PlanningChange Management

Zero Point Islamabad

•Preparation and finalization of the Annual Budget for the year 2010 & 2011 which includes the following Budget Estimates: Total Markup IncomeFinancial ExpenditureNon Markup IncomeRevenue/Administrative ExpenditureCapital Expenditure•Discussions and meetings with the senior/higher management regarding the budget estimates and actual results.•Preparation of Annual and Quarterly Variance Reports by comparing Actual Performance with Budgeted Targets, where proper and… Show more •Preparation and finalization of the Annual Budget for the year 2010 & 2011 which includes the following Budget Estimates: Total Markup IncomeFinancial ExpenditureNon Markup IncomeRevenue/Administrative ExpenditureCapital Expenditure•Discussions and meetings with the senior/higher management regarding the budget estimates and actual results.•Preparation of Annual and Quarterly Variance Reports by comparing Actual Performance with Budgeted Targets, where proper and objective justifications/reasons of favorable/adverse variance are mentioned with.•Critical Analysis of different items and heads under income and expenditure for effective estimate of Annual & Quarterly Budget.•Preparation of the minutes of meetings of Budget Committee and sub committees.•Preparation of presentation of budgetary estimates for Board of Directors.•Analysis of financial statements for the purpose of reconciliation of different heads of income and expenditure•Preparation of salary reconciliation reports•Analysis of year wise operational and administrative expenditure for control purpose•Maintaining financial record of different departments of Head office, Zonal Offices and Branches. Show less

Blue Area Islamabad

Cost & Management AccountingFinancial Management

Blue Area Islamabad

•Financial analysis of various corporations for the purpose of disbursement of funds in the form of long term •Consolidation of disbursement portfolio with respect to expense analysis. •Maintaining the data for ALCO (Asset Liability Committee).•Analyzing money market trends and recommending profitable short-term investment portfolio.•Assisted in the preparation of consolidated financial statement of Saudi Pak group.•Assisted in the preparation of Annual Report.

Blue Area Islamabad

•Data punching for the investment appraisals•Evaluating potential stocks for investment in Karachi Stock Exchange•Stock valuation for Shariah Compliance •Trend analysis on Karachi Stock Exchange using different indicators for example movement in interest rates and its impact on Stock Market for the last ten years.