Umer Farooq Email & Phone Number

Riyadh, Sa

Invest One Markets Limited & Shajar Capital (Pvt) Limited - Audit Engagement - Job InchargeBeing assigned there as Job-In-Charge with handling the audit engagement from planning till to the conclusion stage.IMS Engineering (Pvt) Limited - Due Diligence Assignment1 - Receivable valuation as well as the precise preparation of receivables aging.2 - Inventory aging and other audit test to confirm the existence and completeness of inventory.3 - Foreign payables… Show more Invest One Markets Limited & Shajar Capital (Pvt) Limited - Audit Engagement - Job InchargeBeing assigned there as Job-In-Charge with handling the audit engagement from planning till to the conclusion stage.IMS Engineering (Pvt) Limited - Due Diligence Assignment1 - Receivable valuation as well as the precise preparation of receivables aging.2 - Inventory aging and other audit test to confirm the existence and completeness of inventory.3 - Foreign payables working and the change in its value with respect to time considering the change in the exchange rates.4 - Assisting the managers in preparing the presentatoin for BOD.Xinrong Construction Engineering (Chinese Construction Company)1 - Leaded the entire audit engagement (from planning till finalisation).2 - Practical application of IFRS -15, for the determination of accurate revenue figure (Construction Revenue Working).3 - Trial Balance and Financial Statements preparation with the effects of retrospective adjustments.4 - Determining the accuracy of foreign transaction balances (i.e. foreign payable or receivables).In addition to above, have leaded and coordinated all material issues with client.LISTED GROUP ENGAGEMENTS - SUPERNET LIMITED & Subsidiaries (SnL)Under the guidance and with the support of Manager and Partner, as a team I was able to manage the group engagement for a listed organisation, managed and leaded the whole team ensuring the completion of task before the deadline and to ensure the compliance of audit with the regulatory and international standards.IMPLEMENTATION OF AUDIT SOFTWARE:I am currently leading the implementation of Smart Audit, an Institute of Chartered Accountants of Singapore verified and licensed audit software, enhancing our audit practices.CAPTIVE ACT - SUBSIDY CLAIM TARIFF ASSURANCE FOR OMINI GROUP:I provided assurance activity for the Captive Power Plant Tariff Subsidy Claim of Omni Group, ensuring compliance and accuracy. Show less

Karāchi, Sindh, Pakistan

IFRS 2 ASSIGNMENT:I have worked on the practical application of IFRS 2 (Share Based Payment) assignment for one of the leading telecom industry I.e Telecard Limited, where I have provided my input regarding the applicability, application and valuation of shares for the listed company in accordance with the rules laid down under the framework and IFRS.

Karachi Division, Sindh, Pakistan

I have been seconded by Parker Russell to Helios Capital Management then they seconded me to Riyadh for one of their client "Ijarah Finance", for;1) The implementation of BCM Framework to ensure the BCM Framework compliance in accordance with Saudi Arabian Monetary Authority (SAMA) , to determine the risk assessment for each factor of each department in order to develop a 'Business Continuity Management Plan" and then to develop the "Business Impact Analysis" (BIA).This project is in… Show more I have been seconded by Parker Russell to Helios Capital Management then they seconded me to Riyadh for one of their client "Ijarah Finance", for;1) The implementation of BCM Framework to ensure the BCM Framework compliance in accordance with Saudi Arabian Monetary Authority (SAMA) , to determine the risk assessment for each factor of each department in order to develop a 'Business Continuity Management Plan" and then to develop the "Business Impact Analysis" (BIA).This project is in lined with the ISO 31000, ISO 22301 and ISO 22317. (ISO - International Standardisation for Organisation)2) The preparation and submission of multiples reports e.g. credit, market, and liquidity risk report submission for the compliance of the Article 39 regulation of SAMA.3) Preparation of GAP Reports to assess the gap between the complied and non-complied provisions and to prepare it for further assessment for senior management. Show less

Karachi Division, Sindh, Pakistan

I was seconded by my Firm (Parker Russell A.J.S Chartered Accountants) to KFC Pakistan for a 9 months period to work in the capacity as an “Assistant Financial Planning & Analyst” there and was responsible for dealing with the below mentioned tasks;o Preparation of Daily Cash Sales Reconciliation for the sales in all over Pakistan.o Preparation of multiple Bank Reconciliation Statement.o Preparation of Monthly Sales Movement Scheduleo Direct correspondence with… Show more I was seconded by my Firm (Parker Russell A.J.S Chartered Accountants) to KFC Pakistan for a 9 months period to work in the capacity as an “Assistant Financial Planning & Analyst” there and was responsible for dealing with the below mentioned tasks;o Preparation of Daily Cash Sales Reconciliation for the sales in all over Pakistan.o Preparation of multiple Bank Reconciliation Statement.o Preparation of Monthly Sales Movement Scheduleo Direct correspondence with Bank representatives for sorting out the daily cash sales deposit issues.o Coordinating with all KFC branches representatives operating in Pakistan for reconciling the variances in each branch sale.o Coordinating with the I.T Department to ensure that the sales data is being fetched up correctly in the ERP (MS Dynamics AX 365).o Reporting and identifying the transaction which needs to be adjusted in the books of accounts.As well as assisting my seniors in the preparation of KFC Annual Budget 2024. Show less

Karāchi, Sindh, Pakistan

During my tenure, I handled diverse audit assignments for mid-size organizations, applying technical expertise and knowledge. Audited organizations include:Vision Air International (Pvt) Limited.Aero world (Private) Limited.International Textile Limited (Joint Audit with AFF Team).Bayer Pakistan (Private) Limited (WPPF Funds Audit).Sindh School System Welfare Foundation Audit.PECHS Girls School System Audit.Shaheen Insurance Limited (Shariah Audit under Shariah… Show more During my tenure, I handled diverse audit assignments for mid-size organizations, applying technical expertise and knowledge. Audited organizations include:Vision Air International (Pvt) Limited.Aero world (Private) Limited.International Textile Limited (Joint Audit with AFF Team).Bayer Pakistan (Private) Limited (WPPF Funds Audit).Sindh School System Welfare Foundation Audit.PECHS Girls School System Audit.Shaheen Insurance Limited (Shariah Audit under Shariah Regulation).Jinnah University For Women (Stock Count).Quality Control Review (QCR) of the firm.Pak Kuwait Takaful Company Limited (PKTCL) (Winding Up Auditor).Islamic Chamber of Commerce (FS preparation consulting).Throughout these assignments, I oversaw the entire audit process, ensuring compliance with regulations and accounting standards. Notable highlights of my experience include:•Preparation of financial statements, demonstrating proficiency in reporting and disclosure practices.•In-depth knowledge of WPPF & WWF laws, effectively addressing specific audit requirements related to these funds.•Active participation in the quality control review, contributing to process improvement and adherence to standards.•Practical application of different IFRS, including IFRS 16, IFRS 15, IAS 23, IAS 12, and IFRS 9, ensuring accurate financial reporting.•Proficiency in International Standards on Auditing (ISA), conducting thorough and effective audit engagements. Show less

Karāchi, Sindh, Pakistan

As an Audit Associate I have handled multiple clients individually and was involved in the audit of various diversified industries including manufacturing concern, aviation as well as service industries. --Preparation of financial statements.--In dept knowledge of WPPF & WWF laws.-- I was also involved in the quality control review assignment of the firm.-- Practical Application of different IFRS, Such IFRS 16, ,15 ,IAS 23, 12, IFRS 9.-- Have indepth knowledge of ISA .

Acca

ACCA - Qualified (13/13)

Ms Dynamics Ax 365 Finance & Operations Functional Consultant, Finance And Operations

Learning and adopting the necessary knowledge and skills to become MS Dynamics AX 365 Finance and Operation Functional Consultant

Cfap, Accounting And Finance

Pvea, Ethics In Audit & Business, Passed

Certificate In Accounting And Finance (Caf), Accounting And Finance, Passed In First Attempt