Faisal Khan (Aca) Email & Phone Number

Lahore, Punjab, Pakistan

Working as accounts manager at sapphire finishing mills which includes preparation of financial statements, product costing, interaction with banks and presentation of financial results to higher managment.

Lahore, Pakistan

During my tenure I was deputed at a restaurant for forensic audit and ERP implementation. Periodic presentations to the board of directors about any indications of fraud in the current financial data and stage of completion of ERP implementation was part of my responsibilities as well as managing and reviewing the work of associate auditors. Internal controls were designed after obtaining complete understanding of the business processes and standard industry norms were also incorporated into the organization. Other responsibilities included financial statements preparation according to International Financial reporting Standards (IFRS), assisting management in their cash flow management, guiding management about the cost cutting ways, designed employee's information checklist to ensure sufficient background checks of employees, provided guidance on regular employee's health check certification to avoid any legal consequence, filed income tax and sales tax return, identified abnormal wastage and provided suggestions to reduce such wastage.

Lahore, Pakistan

I worked as Accounts and Finance Manager at Fast Apparel Private Limited which owns the renowned ladies retail garment brand “Zara Shahjahan”. The Company deals in manufacturing and sale of prêt, luxury prêt, bridals and unstitched collections. I was responsible for the monthly closing, product costing, budgeting, cash flow projections, annual financial statement preparation, liaison with external auditors, design and implementation of internal controls, accounts reconciliation, account payable and account receivable reconciliation, bank reconciliation statements, credit card reconciliation, variance analysis, trend analysis, monthly management accounts, monthly MIS reports, income tax return, sale tax return, withholding tax return, product pricing, break even analysis, capital investment appraisal, NPV, IRR, inventory valuation, work in process, NRV calculation, lease schedule reconciliation, liaison with banks, interest calculation, share capital account, updating fixed asset register according to TR-6, cost benefit analysis.

Lahore, Pakistan

Performed external audits and internal audits of various listed and private companies.RESPONSIBILITIES:• Statutory audits which include analysis and reviews of financial statements including cash flow statements of various industry clients. Scope of work included ensuring compliance with management policies, identification of weaknesses in the system for potential risks and examining financial statements to ensure compliance with National and International Reporting Frameworks, primarily comprising of International Financial Reporting Standards (IFRS).• Internal audits with firm approaches. Core responsibilities included planning risk assessments, understanding the business, scoping and assessing the key risks, development and implementation of Improvement Plans.• Compilation of financial statements in compliance with IFRS and Companies Ordinance 1984 (Corporate laws) while assessing various areas of financial statements such as employee benefits, taxation, foreign currency transactions etc.• Documentation and review of system documentation and policies which includes preparation of system documentation in the form of Transaction Flow Reviews (TFRs), Policies & Procedures Manuals, Segregation of Duty (SOD) matrices; carrying out detailed risk and control evaluation for significant business processes and development of initiatives / recommendations to rectify any control gaps identified.• Ensuring compliance with applicable statutory legislatures including The Companies Ordinance 1984, Income Tax Ordinance 2001, Sales Tax Act 1990, Sales Tax Rules 2006 and Value Added Tax (VAT) Rules etc.• Providing consultancy to clients regarding registration procedure, scope and payment of tax, input and output tax adjustment etc. as per the provisions of Sales Tax Act 1990, Sales Tax Rules 2006 and Value added Tax Rules.