Sheikh Umar Farooq Email & Phone Number

Ey Middle East

Currently I am working in Risk Advisory (internal audit core) and involved in following:Managing risk based internal audits (Planning, execution, reporting, follow-up)Risk & control assessments/ERM Compliance projectsControls/System reviews and Gap analysis for improvementsPolicies and Procedures Projects/ SOP’s (review/development)Business process Transformation/ Business Process reengineering Managing people and review of subordinates workProjects planning/monitoringAgreed upon proceduresAML/ Sanctions investigations & compliance Corporate Governance projectsERMRisk Register/Risk MitigationVAT Assessments & Transformation/ VAT ReadinessTax/VAT ComplianceRegulatory complianceSpecial assignments Proposals/ Business DevelopmentOutsourced Finance & Accounting Services I have worked for reputable clients in different sectors like manufacturing/production, trading, Oil & Gas, health, Education, Consumer products, Software houses, Telecommunication, Real Estate, Government & Public sector, Asset management, Banking & finance, Automotive and transportation/Cargo, Construction, Pharmaceuticals, Dairy, Confectionary, Cement/ready-mix, NGO’s, Funds etc.In addition, I have also worked (5 years) in external audit department to conduct statutory audits which gives me added advantage over others to deliver quality consulting (risk/internal audit) work.

Ernst & Young Middle East

Worked in external audit department (Assurance services - EY) and conducted statutory audits of different clients in different sectors.Following is an overview of my role in assurance services:Audit planning Carry out field work in external auditManage audit team and review their work Prepare financial statements in line with IFRS and statutory requirementsIdentify and pick key issuesResolve & close audit issues

Millat group of companies is the leading group in Pakistan for manufacturing of agricultural tractors, machinery, implements and parts with more than 50% market share of tractor sale. worked with Millat as HEAD OF INTERNAL AUDIT (Deputy Manager) of two group companies and was reporting directly to Chairman Audit committee and Board. I was mainly responsible for following: ► To assist audit committees of the two companies of group in discharging their responsibilities. ► To monitor and effectively manage internal audit departments of the two group companies► Conduct special assignments as prescribed by audit committee & Group chairman.

Lahore

I was engaged in external audit as well as in consultancy (internal audit) department and was responsible for performing reviews of subordinates audit work and staff planning. I did projects on request of world bank for reporting on activities relating to one of the largest government organization. In addition, I was in charge of external audit of one of the largest agriculture bank in Pakistan (punjab province) and was reporting to team in Head office for branches of bank in Punjab region.

Lahore

Worked as Senior in assurance services and was involved in conducing statutory audits of different clients. I was involved in audit of companies relating to different sectors including banks. I was part of audit team to conduct external audit of central bank of Pakistan in addition to other commercial banks. I worked in internal audit department as well and carried out field work, prepared internal audit reports indicating system weaknesses and noncompliance’s, their implications and recommendations for preventive and corrective measures.