Tarek Mostafa, ACCA, CAT

Experience

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  OFC Consultancy Nagy El Shahwi

  Sept 2011 - Nov 2011

  Associate Auditor

  • Examine journal entries to review accounting treatment, accuracy, and classification with appropriate audit evidence.• Recommend and prepare the adjusting entries to correct the misstatements• Record financial transactions in companies’ statutory books and records.

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  Grant Thornton International Ltd

  Dec 2011 - Nov 2012

  Associate Auditor

  • Perform analytical procedures "Trend, ratios and reasonableness test" for significant accounts in the financial statements.• Perform a substantive test of transactions and accounts balances according to the audit procedures of Voyager (Audit software).• Report audit findings, impact, recommendations, and control issues for tested accounts to senior auditor.• Attend physical count for cash, fixed assets, and inventory of companies at the end of the fiscal year.

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  KPMG

  Jan 2013 - Dec 2013

  Associate Auditor

  • Perform a substantive test of transactions and accounts balances for significant accounts. • Perform analytical procedures "Trend, ratios and reasonableness test" for significant accounts in the financial statements.• Report audit findings, impacts, recommendations, and control issues for tested accounts to the senior auditor.• Obtain an understanding of the client’s business, cycles, and internal control procedures.• Perform walkthrough for cycles in interim date and test of controls. • Review compliance with Egyptian accounting standards, tax laws, and regulations.• Establish good working relationships with colleagues and client team members. Show less

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  EY

  Jan 2014 - Sept 2023

  • Manage audit engagements for listed and large companies in different industries. • Lead the audit team, communicate the findings with the clients, and report to the senior audit manager and the partner.• Ensure compliance and adherence to EY Global Audit Methodology and internal policies in all engagements. • Review the Corporate Governance Report prepared by the management according to the Egyptian Code of CG.• Perform agreed-upon procedures engagements for various clients. • Prepare and submit technical consultation for accounting and audit matters.• Develop the accounting manual and prepare pro forma consolidated financial statements for EGPC after group restructure.• Prepare the budget for the audit engagements.• Participated as a team member in three internal audit projects in Egypt and KSA.• Create a positive impression with the client and deal with any communications in a professional manner. Show less Participated in the Ministry of Finance Cash to Accrual conversion and IPSAS adoption project for the Ministry of Health in KSA.• Deliver technical presentations to the ministry team and EY team.• Prepare weekly presentations and monthly reports for the Ministry of Health project manager.• Supervise and facilitate the recording process of transactions by EY team and ministry team for all contracts and other documents.• Prepare technical memos for accounting treatments under IPSAS. Show less • Apply EY Global Audit Methodology in all audit phases using EY Canvas (Audit software).• Gain and update the understanding of the client’s environment including Industry, regulatory framework, objectives, strategies, and related risks.• Understand, evaluate, and test the effectiveness of the client’s internal control systems to assess the risks and develop an audit strategy.• Lead, supervise, and mentor audit staff members as appropriate to ensure quality. • Conduct the audit fieldwork by developing and executing proper analytical and substantive procedures.• Prepare audit reports and management letters based on audit findings.• Prepare engagement letters for clients.• Prepare, translate, and review EAS and IFRS PowerPoint presentations for EY Academy.• Participate in the IFRS Conversion project for EEHC (Egyptian Electricity Holding Company) group and offer technical support. Show less • Applying EY Global Audit Methodology in all audit phases and using EY Canvas “Audit software” and Data Analytics tools.• Gaining and updating understanding of the client’s environment including Industry, regulatory framework, objectives, strategies, and related risks.• Understanding, evaluating & testing the effectiveness of the client’s internal control systems to assess the risks and develop an audit strategy.• Lead, supervise, and mentor audit staff members as appropriate to ensure quality. • Conduct the audit fieldwork by developing and executing proper analytical and substantive procedures.• Preparing audit reports and management letters based on audit findings.• Preparing engagement letters for clients.• Prepare, translate, and review EAS and IFRS PowerPoint presentations for EY Academy. Show less • Obtain an understanding of the client's business, cycles, and internal control procedures.• Assist in all aspects of the audit process including planning, risk assessment, execution, and completion.• Report audit findings, impacts, recommendations, and control issues to the in charge of engagement.• Perform a substantive test of transactions and accounts balances for significant accounts. • Participate in preparing management letter points.• Review compliance with Egyptian accounting standards, tax laws, and regulations.• Establish good working relationships with colleagues and client team members. Show less

  • Assistant Manager

    Oct 2019 - Sept 2023

  • Senior Auditor

    Jun 2019 - Sept 2019

  • Senior Auditor

    Oct 2017 - May 2019

  • Engagement Auditor

    Oct 2015 - Sept 2017

  • Associate Auditor

    Jan 2014 - Sept 2015
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  Carrier

  Oct 2023 - now

  Deputy Chief Financial Officer

  Financial Strategy and Governance• Collaborate with the CFO, CEO, and other senior management members to develop and execute business strategies, providing financial insights and guidance on key decision-making processes.• Communicate and report all key updates to the CFO, EMEA CFO, and EMEA Financial Controller.• Review the monthly forecast and report key financial ratios.• Participate in inventory E&O, AR overdue, and Capex meetings, offering guidance and advice.• Prepare presentations for BOD meetings and AGMs covering investment decisions, dividend proposals, and any financial matters.Financial Reporting and Analysis• Ensure that the financial reporting complies with EASs, IFRSs, US GAAP, and all legal and regulatory requirements.• Monitor the monthly and year-end closing processes, ensuring accuracy and timeliness in reporting through HFM.• Conduct financial analysis and investment appraisal to identify trends and opportunities for improvement.• Review the revenue contracts with customers and other significant agreements to evaluate their impact on the financials.• Review the GL reconciliations prepared by the finance team to ensure accuracy.• Review the health check report and TRM report, and discuss the tax exposure with the external tax consultant.Control, Audit and Risk Management• Manage internal and external audits, discuss and respond to identified observations and findings, and establish and monitor corrective actions.• Monitor the control environment, identify and report any issues, provide regular advice, and implement improvements.• Establish, maintain, and coordinate the implementation of accounting and control procedures. Leadership and Team Management• Collaborate with other departments in all financial matters, ensuring that the required support is provided by the finance team.• Provide leadership and direction to the finance team, fostering a culture of continuous improvement and professional development. Show less