Mohammed Timraz Email & Phone Number

Riyadh, Saudi Arabia

Riyadh

Riyadh

Internal control, as defined in accounting and auditing, is a process for assuring achievement of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies. A broad concept, internal control involves everything that controls risks to an organization.At the organizational level, internal control objectives relate to the reliability of financial reporting, timely feedback on the achievement of operational or strategic goals, and compliance with laws and regulations. At the specific transaction level, internal control refers to the actions taken to achieve a specific objective (e.g., how to ensure the organization's payments to third parties are for valid services rendered.) Internal control procedures[2] reduce process variation, leading to more predictable outcomes. Internal control is a key element of the Foreign Corrupt Practices Act (FCPA) of 1977 and the Sarbanes–Oxley Act of 2002, which required improvements in internal control in United States public corporations. Internal controls within business entities are also referred to as operational controls.

Saudi Arabia - Riyadh

1)Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.2) Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.3) Prepare detailed reports on audit findings.4) Review data about material assets, net worth, liabilities, capital stock, surplus, income, and expenditures.5) Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.6) Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.

Saudi Arabia - Riyadh

•recording and documenting financial transactions•reconciling accounts on a daily, weekly, or monthly basis•developing, implementing, revising, and documenting record-keeping and accounting systems•finding out how to evaluate and record the costs of products and how to assign costs to different departments and other organizational units of businesses•examining accounting records, financial statements, and other financial reports to assess accuracy, comprehensiveness, and conformance with reporting and procedural standards•analyzing business functions, trends, costs, revenue, and financial obligations •projecting revenue and expenses•evaluating cash flow and financial risks associated with reporting to management regarding finances •computing taxes owed and preparing tax returns•advising management on matters such as the purchase and sale of businesses, mergers, capital financing, and insolvency •providing financial and taxation advice to management on business structures, plans, and operations•interacting with bankers and brokers to create fund-management arrangementsSystematizing: •designing internal accounting controls to minimize errors in business records•creating, implementing, altering, and documenting accounting systems•Health and safety of the workforce.•Development of a superior workforce.•Development of the Human Resources department.•Development of an employee-oriented company culture that emphasizes quality, continuous improvement, key employee retention and development, and high performance.•Personal ongoing development.

Saudi Arabia - Riyadh

auditing financial statements and supplementary reports providing advisory services and assistance related to financial statements and supplementary reports with certain restrictions

Saudi Arabia - Riyadh

Collect taxes from individuals or businesses according to prescribed laws and regulations.Maintain knowledge of tax code changes, and of accounting procedures and theory to properly evaluate financial information.Maintain records for each case, including contacts, telephone numbers, and actions taken.Contact taxpayers by mail or telephone to address discrepancies and to request supporting documentation.Send notices to taxpayers when accounts are delinquent

In Progress, Internal Auditing

Activities and Societies: In ProgressIn Progress My membership No. 1855274

Bs, Accounting

Activities and Societies: Collage of Industrial ManagementI found motivation when I realized that I was only making my own life harder.