概要

During my job and article ship (training), i have gathered following experiences

EXTERNAL AUDIT, ASSURANCE AND BUSINESS ADVISORY SERVICES

- Review, preparation and compilation of financial statements in accordance with the reporting framework comprising of International Financial Reporting Standards (IFRS) and applicable local laws.
- Carry out audit planning, evaluation of control activities and audit of the financial statements in accordance with the International Standards on Auditing (ISA).
- Evaluation of Internal Control System to identify deficiencies in the system and suggesting remedial procedures through Management Letter to rectify the control weaknesses.
- Review of compliance with applicable laws and regulations mainly includes Companies Ordinance, 1984, Income Tax Ordinance 2001 and Code of Corporate Governance.
- Preparation and review of audit working paper files for Quality Control Review (QCR) for the Institute of Chartered Accountants of Pakistan (ICAP) and PKF International.

INTERNAL AUDIT AND DUE-DILIGENCE SERVICES

- Pre- audit of all duly prepared and signed vouchers, along with supporting documents, highlighting the shortcomings and making recommendations.
- Verification of sales and purchases through approved rates and physical movements.
- Observation of the flow of transactions on Oracle based Accounting System.
- Periodic review of Standard Operating Procedures and ensure that they have been followed properly.
- Observation of monthly stock taking of raw material, work-in-process and finished stocks.
- Review of the reconciliations of production / sales with consumption of materials prepared by the management.
- Analysis of various reports generated from the Oracle based Accounting System.