Atif Ali

ATIF ALI ACCA Member House# A-6, Block.3 SJCHS Karachi – Pakistan. M: - | H: - | E:- Objective: Internal Auditor with more than 8 years of experience seeking a challenging, growth & goal-oriented opportunity in a reputable and growing organization. Education: Degree / Certification Majors Passing Year ACCA Finance / Audit / Tax 2014 Advanced Diploma (U.K) Accounting and Business 2011 M.A Economics 2010 B.Com Commerce 2008 Certified Accounting Technician (U.K) Accounting 2007 Experience: ARTISTIC MILLINERS (Pvt) Limited Deputy Manager - Governance, Risk & Control • • • • • • • • • • • October-2022 till Present Visit factory / Head Office for field activity i.e., Data collection, Observation of processes, Gap identification, risk assessment and identifying control weaknesses. Identify gaps in the existing procedures and system in order to measure the degree of risk and evaluate system for value additions. Conduct meeting with the relevant stakeholders of the organization in order to collaborate with departments/functions. Find out the possibility of implementation of suggested internal controls in Process, System and Documents (SOPs / Policies etc.). Review of existing SOPs / Policies and other documents of related engagements. Analyze current process map of the organization, and recommend necessary changes for implementation. Analyze existing reports, identifying GAPs and recommend internal control weaknesses. Preparation of Process flowchart (TO BE) - Suggested Process / System. Present Process Flowchart (TO BE) - Suggested Process / System to all the concerned HODs. Drafting of new SOPs, Policies or Forms (if required). Any other task assigned by the Line Manager. LUCKY TEXTILE MILLS LIMITED Deputy Manager – Internal Audit October-2019 – September-2022 Lead a team of auditors at Processing, stitching and garment washing unit of the company for identification and establishment of efficient and effective internal controls using COSO framework. Following is the summarized details: • • • • • • • • • Prepare audit plans and drafting reports for the higher management. Cost Saving Assignments and Reports on high-risk inventories as per IAS 2. Lead quarterly stock taking of diverse general / accessories stores, fabric warehouses and finished goods as per IAS 2 along with ageing analysis and future utilization unattended inventory. Monitoring of process wise wastages from fabric processing till cut to pack stage and presenting abnormal wastage reports to the senior management. Liaising between External Auditors and Audit Committee to resolve related issues. System audit and development of reports with the help of I.T to monitor existing controls and provide recommendations for further improvements in controls. Foresee the Audit of all payments including utilities, accessories, import of chemicals, spare parts etc. Verification of costing of all construction bills as per approved BOQ and reconciliation of material consumption. Conduct specialized assignments for example operational audits, monitoring of unpaid invoices, outstanding purchase orders, Department wise reconciliation, verification of Purchase Orders etc. as and when required or directed. LUCKY TEXTILE MILLS LIMITED Assistant Manager – Internal Audit • • • • • • • • • Identification and Reporting of weakness in Internal Control to the management using TOC and Substantive procedures. Physical verification of general and fabric stores to check stock completeness and existence as per IAS 2. Lead Audit of monthly payroll of approx. 5,000 employees generated through customized oracle payroll management software. Lead Audit of fortnightly contractors’ payments, Piece Rate Payments and other wages related payments. Development of be-spoke reports with the help of I.T for monitoring the effectiveness of internal controls. Monitoring of process wise wastages from greige fabric till finished goods. Pre and Post verification of system generated payroll. Reconciliation of raw material issued to concerned departments with standard consumption. Verification of vendors / service providers’ bills including credit bills, prepayments, job orders, utility and other related payments. BONANZA GARMENTS (PVT) LTD. Accountant – Accounts Department • • • • • March 2014 to June 2014 Inventory Reconciliation of company owned outlets. Report writing / Variance Analysis. Record and maintain the accounts of the company. Bank reconciliation. Dealing with tax matters. ARABIAN SEA ENTERPRISES: Owners: Move n Pick Trainee – Accounts Department • • • June-2014 – September-2019 June2011-September 2011 Reconciliation of fixed assets. Bank reconciliation. Dealing with tax matters. Achievements: • • • Identified and documented Functions, Designation wise job descriptions and Standard Operating Procedures (SOPs), for Internal Audit Department. Proposed Cost monitoring system and Gate control system. Documented SOPs for finished goods department. Skills & strengths: • • • • • • • • • Microsoft Office. Report Drafting. Audit Planning. Team player. ERP Business Management Software. Peachtree Accounting Software. Sidat Hyder Accounting Software. Knowledge of ISA, IAS, IFRS. Good presentation and analytical skills.