Muhammad Sohail

MUHAMMAD SOHAIL Chartered Accountancy (Finalist) Lahore, Pakistan --LinkedIn: https://www.linkedin.com/in/muhammad-sohail-b2916b203 Professional Summary A professional having an experience of 3.5 years in the External audit, Taxation and Corporate compliances. I possess strong analytical skills and ability to work under challenging situations, while maintaining strong work ethic and ensuring timely delivery of my given tasks. Extensive knowledge of international financial reporting standards, international standards on auditing, Tax and corporate laws. EDUCATION INSTITUTE OF CHARTERED ACCOUNTANTS OF PAKISTAN • Chartered Accountancy (CA Finalist) PROFESSIONAL SKILLS • • • • • • • • • • • • • ISA/ISRE/IFRS Expertise Corporate compliance IFRS Reporting Audit Execution Tax Compliance Risk & Internal Controls Smart Audit software Budgeting & Forecasting Analytical Decision-Making Communication Skills Variance Analysis Credit control Multitasking & Deadlines PROFESSIONAL EXPERIENCE FAZAL MAHMOOD & COMPANY CHARTERED ACCOUNTANTS (A member Firm of Prime global International) AUDIT ASSOCIATE December 2023 – May 2025 KEY CONTRIBUTIONS • Identifying and assessing audit risks, setting materiality threshold and developing audit strategy and plan to ensure efficient and focused audit approach as per international standards of Auditing (ISA). • Drafting Terms of Engagement, conducting preliminary reviews, discussion of audit observations with management, Adjusting Entries, preparation, and reviewing Audit Working Papers, drafting Audit Reports, review to engagement partners • Conducted comprehensive evidence gathering activity across all areas of the Companies F/S, including analytical procedures, transaction testing, reconciliations, and external confirmations, to ensure accuracy, completeness, of F/S • Collaboration with team members in Preparation of Financial statements in accordance with International Accounting and Reporting Standards (IFRS/IAS). • • Developed expertise in the practical application of key IFRS standards, including revenue recognition (IFRS #15), expected credit loss calculations (IFRS # 9), depreciation rules (IAS #16), and lease asset rental (IFRS #16), Related Party Transaction IAS (24). Significant sectors performed as audit senior. ▪ Textile ▪ Retail (Footwear and Accessories) ▪ Steel ▪ Health care ▪ NGO’s TAX ASSOCIATE December 2022 – November 2023 KEY CONTRIBUTIONS • Prepared and filed income tax, sales tax returns, and withholding statements for corporate and individual clients in compliance with applicable tax laws and FBR regulations. • Delivered practical tax planning and advisory support to clients, focusing on effective tax management while ensuring compliance with tax laws and regulations. • Assisted in preparing and submitting responses to tax notices and handled appeals before tax authorities to address client tax matters effectively. • Stayed updated with changes in tax laws, circulars, and SROs to assess their impact on clients' tax positions. CORPORATE ASSOCIATE December 2021 – November 2022 KEY CONTRIBUTIONS • Prepared and filed statutory forms, returns, and documents with SECP including Form A, Form 9, and Form 19 under the Companies Act, 2017 and companies’ regulations 2024. • Drafted board and shareholders’ resolutions, meeting notices, and minutes for board and general meetings, ensuring compliance with the Companies Act, 2017 and SECP procedural requirements. • Following key assignments were performed being corporate associate. ▪ Incorporation of company ▪ Partnership registration ▪ Further issue of shares ▪ Incorporation of company under section 42. ▪ Change in name of company ▪ Change in registered office address of the company ▪ Trademark registration ▪ Conversion of company from private to SMC and vice versa CERTIFICATES • “Certificate in Accounting and Finance” from The Institute of Chartered Accountants of Pakistan • “Presentation and Communication Skills Course” ICAP. • “Completed Professional Values, Ethics and Attitudes course” ICAP. PERSONAL INFORMATION Languages: English (Fluent), Urdu (Native)