Syed Farhan Rafeeq Email and Phone Number

The main businesses include Banking, Real estate and Hospitality industry,This position reports to Head of Operations Audit and In turn, reports to the chief internal auditor.MAJOR RESPONSIBILITIES:• Developing a 3-year Internal Audit Plan for the Hospitality and Real estate department, based on the annual assessment of risks, and submitting it to the Group Head of Internal Audit for approval. • Ensuring the implementation of Internal Audit Plan and monitoring the reporting on a monthly basis.• Developing Audit programs for all of the audit assignments and sharing with the Internal Audit team for implementation.• Reviewing the draft audit reports before finalization and submission to the Group Head of Internal Audit.• Conducting Audits from planning stage to finalisation stage as per IPPF standards and IIA Internal audit standards.• Performing Operational and Financial Audits of various group entities within the given monthly deadlines and preparing the detailed monthly reports with risks and recommendations. This includes audit finalization meetings with the clients and getting their response.• Supervising the team of internal auditors during their audits and monitoring their performance.• Planning and performance of follow-up/post audits.

R Holding LLC is a highly regarded group based in UAE with its businesses spread across Middle East and UK. Main businesses include Real Estate, Hospitality & Leisure, Construction, Retail and Higher Education. This position reports to Group Head of Internal Audit and the major audits includes :Audits on various departments likePayrollNight audit functionSales and marketingInvestigation Audits on frauds Human Resource department Revenue cash and bank auditLaundry and housekeepingEngineering Spa and health club Fixed assetAccounts receivables and payablesFront officeCost controlPurchasing functionInventory auditFood and beverage audit

• Provide support to senior management in managing operations against budget and strategic goals.• On a daily, monthly and annual basis.• Provide overall financial cost accounting support.• Manage monthly financial closings.• Insure accurate general ledger account balances.• Prepare organizations financial statements & management of financialreports.• Assist in coordinating financial internal audits.• Assist in developing and monitoring internal control policies.• Assist in monitoring capital projects business development projects.

Audits:Statutory Audit:• Performed statutory audit of Private Limited Companies under the Companies Act, 2013• Verifying compliance with various statutes such as EPF, ESIC, KVAT, PT• Verification of compliances under Companies Act, 1956 & allied laws.• Preparation of report under CARO. Internal Audit:• Check on Internal Controls Physical verification of stock Bank audit • Understanding the Internal Controls.• Verifying whether adequate provisions have been made in respect of Non Performing Advances• Preparation of the Long Form audit report TaxationDirect Tax• Performed tax audit u/s 44AB for Corporate, Firms & Individuals • Computation of Minimum Alternate Tax.• Advising clients on tax planning• Income tax return filing Indirect tax• Computation of Service tax liability• Filing of VAT, Service tax returns.• Carried out VAT, Service tax Registration• VAT audit and filing of Form VAT 240