Umar Ali Email & Phone Number

Slough, GB

London Area, United Kingdom

• Preparing statutory accounts for limited companies and LLPs in accordance with UK FRS 102, 102-1A, 105, and IFRS standards.
• Assisting audit manager in planning sections of audit file for senior review and ensuring field work completed within timeframe.
• Experienced in audit fieldwork for areas such as bank payments/receipts testing, fixed assets vouching and testing and reviewing client depreciation schedules, prepared analytical review of admin expenses and vouching.
• Preparation of the key client reporting for the engagements including audit planning report, audit opinions, audit representation letters, audit finalization report.
• Performed substantive testing and analytical procedures on account balances and transactions.
• Demonstrated ability in the preparation and submission of VAT Returns, self-assessment tax returns and corporation tax (CT600) ensuring tax compliance.

London, England, United Kingdom

• Supporting the delivery of the assurance plan through leading audit activities from planning to conclusion, collaborating with management on improving control effectiveness and reporting to the leadership team.
• Work closely with the Risk Manager and wider business to align control testing to current and new risks the business faces.
• Identify control gaps and opportunities for improvement.
• Contribute as appropriate in the year end financial audit with the external auditors
• Audit of system migration to cloud
• Audit of payroll department including outsourced payroll services

Pakistan

•  Effectively supervised investigations on alerts raised in the Financial Crime Case Management system Performed extensive portfolio wide data analytics in identification of key trends and discrepancies, discerning.
• Enhances management reports, metrics' reports and operational reports to include Key Risk Indicators, Key Performance Indicators, trends and analysis.
• Review of new business initiatives, products, services and address any emerging AML risks
• Liaison with “Statutory and Internal Audit” with regard to AML inquiries and audits
• Provide support to the AML teams and ensure best practices are brought in to the office as required.
• Trainings imparted on compliance awareness across Pakistan

Lahore, Punjab, Pakistan

• Industry Analysis-Sector to Sector Analysis identifying various Industry level risks.
• Financial Statement Analysis-A top to Down Approach focusing on Liquidity of company and its financial performance-Due Diligence.
• Reviewing Financial Models and Forecast pertaining to obligors.
• Finance Structure-Analysis of Company’s requested Debt structure, Credit risks and Compliance with Regulatory guidelines.
• Risk review of credit portfolios ( CRBG, IBG,& Consumer) on half yearly basis.
• Management audit of Risk Management, Corporate & Investment Banking Group and Consumer Loan Department.

Lahore, Pakistan

• While discharging duties as Officer Audit performed various assigned activities under the supervision of Team Leader, Manager and Regional Audit Head, such as;
• Assisted Team Leader in the conduct of Branch Banking Audits, Management Audits and Investigations as per Annual Audit Plan
• Performed audits in line with the Engagement Plan under supervision of Team Leader
• Performed standard Audit test on sample prescribed in engagement plan selected from Area of Operation, Business landing and advances
• Performed audit tests on increased sample where exceptions were more than tolerable risk level
• Checked compliance of previous audit reports as allocated in the Engagement Plan

Peshawar

• As part of Management/Branch Audit/ ICFR and under the supervision of Audit Manager I:
• Took part in the preparation of Audit brief prior to undertaking of each audit project.
• Document system, testing controls & preparing working papers to support findings.
• Prepare an evidence draft report including conclusion drawn from the work undertaken.
• Discuss the findings of audit fieldwork with the supervisor.
• Manage the task effectively and completed within the agreed time budget.

• Assisting clients in preparation of financial statements in accordance with the Applicable financial reporting framework including compliance with International Financial Reporting Standards (IFRS), local corporate.
• Developing audit programs with reference to scope of work of the engagement to gather sufficient and appropriate audit evidence on which audit opinion could be based
• Preliminary review and analysis of financial statements in relation to industry norms, realistic budgets, projections and past performance.
• Leading team through the planning, execution and completion stages of audit.
• Reviewing final set of financial statements prepared in accordance with reporting framework and resolving critical reporting matters on timely basis.
• Evaluating internal control systems, and making appropriate recommendations to the management.

Acca, Accounting And Finance

Bachelor'S Degree, Accounting And Finance