Musharraf Safdar

My role is to planning the audit, executing, finalizing and preparing the financial statements according to IFRS. Assisting the clients for the VAT return submissions and transaction analysis. Key job challenges were to:

Audit assignments
Carrying out audit engagements from planning to finalization and preparation of assurance and non-assurance reports with application of Crowe International Audit Technology in CaseWare and reporting issues at the manager/partner level.
Development of audit plan through evaluation and identification of the client’s audit risk and ensuring quality execution of audits in coordination with audit team.
Risk assessment and testing internal controls. Identification of weaknesses in internal controls system and suggesting the management for the improvements.
Reviewing the audit program, analyzing findings to prepare financial statements, combined financial statements, interim reports, liquidation reports, agreed upon procedure reports, special purpose financial statements and consolidated financial statements in accordance with IFRS/ISAs and local laws.
Leveraging financial assessment tools (variance analysis / ratio analysis) to gauge profitability, liquidity and solvency position of clients along with performance against competitors and industry.
Supervising the audit team and reviewing the work done by team. Processing the financial statements and reports for engagement manager and partner review.
Client relationship management.
Assisting and developing suitable training material for the in-house trainings on IFRS and Crowe methodology to address specific training and development needs.

VAT assignments
Registering individuals and group companies with the FTA.
Preparation of detailed VAT impact assessment reports of various clients in different industries.
Suggesting new changes in system for various VAT reports for filing VAT returns.
Reviewing VAT entries, reconciliation, coordinating and supporting clients with VAT related queries. Preparation and electronic-filing of the VAT returns for various sectors.

My role was to manage the accounts, finance, preparation of MIS report, financial statements and maintain/improve the internal control system. Key responsibilities were to:

Maintaining the books of accounts and treasury functions of different companies.
Providing technical financial and accounting support to finance team.
Coordination and preparation of annual budgets and forecasts, reporting the variations in budgets and forecasts in monthly management reports, including any future / potential exposures to the organization.
Preparation of monthly MIS reports for higher management, quarterly and annual financial statements after pre-closing review and checks in line with the established policies and IFRSs.
Cash flow management, review of payments to key suppliers and receivable collection with follow up on regular basis maintaining appropriate liquidity.
Developing, applying and maintaining consistent and effective policies and procedures for strong internal controls.
Coordinating with different departments of organizations on financial aspects.
Liaison with banks, auditors, vendors and other external parties for contract negotiations.
Setting up appropriate chart of accounts, processing of accounting transactions, maintenance of books of accounts, general ledger, receivables, payables, reconciliations, payroll, inventory management, fixed asset management.

Performed various assurance and non-assurance assignments including statutory audits, receivables & payables verification, grant audit, income & expenditures verification, internal audit and stock taking verification.
Coordinating with professionals of various fields like legal, tax and IT experts for resolution of critical reportable matters.
Special assignments like covenant compliance for stock exchange listing, bank borrowings etc.
Evaluation of financial and business performance, preparation of financial appraisal reports of businesses, projections of accounts, assessing credit worthiness of business.

Working in accounts payables module of Oracle ERP on implantation stage while keeping Wizmen ERP parallel for 3 months
Invoice entry for local suppliers both in Wizmen and Oracle ERP
Payments for local suppliers both in Wizmen and Oracle ERP
Preparing sales tax returns both in Wizmen and Oracle ERP