Job Description
Plan and conduct audits to review controls, operational efficiency and compliance
with SF policies, procedures and relevant statutory laws and regulations
Conduct Risk Assessment on yearly basis.
Develop annual risk-based audit plan and submit to audit committee for review and
approval.
Ensure proper execution of the internal audit plan by reviewing and comparing
performance with the approved plan
Conduct operational and financial audits of various departments at head office and
field offices.
Propose practical recommendations to address control weaknesses.
Document audit findings, draft audit reports, ensure that audit issues are
communicated and resolved in a timely manner
Present the quarterly audit report to Audit Committee, highlighting any areas of
concern and the resultant action plan
Follow up to review compliance with the internal audit recommendations, and update
Audit Committee accordingly
Research and keep abreast of legislative issues, new audit regulation/trends and audit
methodology.
Discuss updates of new regulations with audit committee and senior management
Design and arrange any special audit/ investigation exercise required by the AC
Coordinate with external auditors and representatives of other organizations on need
basis.
Report directly to Audit committee and act as secretary to Audit Committee.

Job Description:
• Understanding and evaluating internal controls in financial operations, identify weaknesses and propose improvements without compromising performance, that best assures accurate and reliable reporting.
• Documentation and preparation of SOPs/Checklists for Internal Audit Department of DHA Valley.
• Identification and assessment of potential financial and compliance risks within the organization.
• Preparation of risk controls matrix for all departments.
• Pre-Audit of procurement, payroll and other payments.
• Oversee and performing routine reviews of financial transactions and internal controls.
• Review of financial closure of different projects.
• Collaborating financial data with the technical audit section.
• Supervise the implementation of audit recommendations, ensuring that corrective actions are taken.
• Enhancing knowledge in rules, regulations and best practices.

Compliance to fraud risk assessment and ensure its implementation throughout the organization.
Performed receivables audit and preparing age analysis for different customers.
Understanding and documenting the existing business processes and preparation of control matrixes, GAP analysis and remediation plan.
Complete grip on SOX404 implementation throughout the organization including its testing and then reporting. Designing and implementing the controls for different IT based modules (like; Inventory management system, Payroll module, Provident fund module etc.) Control testing of Oracle Reports including testing of automated procedures.
Preparing different internal audit reports on company operations.
Highlighting the needs to improve work methodology for gaining efficiency and reporting the same to Manager Internal Audit and General Manager. Customer’s contracts verification and sending confirmations to receive Client’s confirmation due to unavailability of contract or difference in rates of MTBC and other acquisitions.
Review & Circle up activity of SEC filing 10Q for each quarter and 10K as part of year end activity and activity of shares issuance documents.
Surprise policy compliance audits of different departments.
Various analysis to be performed as per Management and supervisors requirement e.g. Electric Audit, meal and fuel cost analysis, Employee Store cost analysis, MTBC indoor pharmacy Audit. Comparison of stationary, office supplies, pantry items with Metro and CSD, Employee store vendor analysis etc.
Going through all the phases of implementation of new Accounting Standards as if we successfully implemented ASC 606, revenue recognition and complete testing of Contract Asset as result of new accounting standard.
Quarterly verification of Contracts Asset including its cutoff procedures.
Verification of financial data of MTBC given by any other organization on quarterly basis.
Supervising the Internal Audit team of MTBC ISB & Bagh office and allocating them any new task.
Verification of procurement cases and Provident fund cases of MTBC ISB in case of need.
Verification of Monthly payroll of MTBC ISB and Bagh offices at time of need.
Implement and act in accordance with MTBC’s information security and privacy policies.
Ensure compliance with information security responsibilities specific to your job role.
Protect assets from unauthorized access, disclosure, modification, destruction or interference.

·      Maintaining record of expense, sales and other business transactions.
·      Generating invoice, credit memos, sales return, sales receipts and aging of Balances in QuickBooks
·      Entering Bills, purchase returns, payments of Bills and reconciliation with supplier statements.
·      Preparation, processing and payment of Monthly Payroll.
·      Withholding and payment of applicable income tax on payroll.
·      Maintaining updated level of stocks of raw material and finished goods
·      Reporting to directors regarding daily production, finished goods and raw material stocks.
·      Preparation of Monthly accounts.
·      Presenting monthly receivables and payables reports to Directors.
·      Monitoring consumption of different raw material.
·      Maintaining list of assets in the fixed assets register.
·      Arranging data for monthly sales tax return.
·      Coordination with tax Consultant and External Auditor
·      Preparation of Financial Statements

Introduction of Naveed Zafar Ashfaq Jaffery & Co., Chartered AccountantsNaveed Zafar Ashfaq Jaffery & Co., Chartered Accountants (NZAJ) a member firm of Prime Global International. NZAJ is a QCR rated firm form Institute of Charted Accounts of Pakistan (ICAP) and on SBP A category panel of auditors. Clients range across public and private sector, with exposure to listed company.I am associated with NZAJ & Co Chartered Accountatns for more than three yearsI worked both as team leader and team member on different assignments.  Key Skills/Responsibilities:Performed financial statement audits in accordance with International Standards on Auditing (ISAs).
Produced financial statements in accordance with International Financial Reporting Standards (IFRS).
Prepared audit working papers related to external, internal and forensic audit and agreed upon procedure assignments.
Prepared external, internal, system and forensic audit and agreed upon procedure assignments reports.
Prepared management letters for external audit assignments.
Prepared technical proposals related external and internal audits and agreed upon procedure assignments.
Provided technical advice and guidance to clients regarding internal controls, recommending accounting treatment and disclosure for financial statements.
Performed detailed strategic analysis of client business, including obtaining an understanding of how they manage their strategic business risks.
Established and agreed deadlines and drove engagement teams to meet these deadlines.
Supervised and led audit engagement team, including mentoring and motivation of staff.
Filled SECP annual returns and income tax returns of companies.