Audit Associate
Lahore, Pakistan
I have worked in the Audit and Assurance department of Shinewing Hameed Chaudhri & Co. Chartered Accountants - Lahore office. My role and responsibilities comprise managing and coordinating audits of companies including both multinational, listed, and local. I have been involved in statutory audits of the non - banking financial institutions (Brokerage Houses, Insurance Company), manufacturing and trading concerns, service organizations and non-profit organizations in the capacity of audit assistant, semi-senior, senior and Job In charge. Key areas of experience include:• Application of International Financial Reporting Standards and Auditing Standards on statutory audits; and• Non-audit assignments • Understanding of client’s business and industry.• Training and guidance of the team.• Obtaining an understanding of client’s business objectives and strategies in the context of industry and environment in which the client operates in order to identify strategic business risks.• Obtaining an understanding of the client’s processes for managing these business risks and reporting their impact on the financial statements.• Identifying financial statement risks and financial statement controls and testing appropriate controls.• Planning and performing audit procedures.• Identifying and investigating audit differences and evaluating findings.• Establishing a good professional relationship with the client’s management and assisting them to resolve technical issues relating to specific accounting treatment.• Promoting the firm’s quality control procedures and policies in order to ensure compliance with independence and ethical requirements as issued by IFAC.• Conducting and reviewing a number of other assurance assignments, which included planning, organizing, controlling, and reviewing the entire job.• Preparation of client deliverable and reports such as Management Letter (ML), identifying control weaknesses, risk implications, and recommendations.