Bashar Akroush, CPA, JCPA, CACM

Experience

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  EY

  Sept 2004 - Oct 2009

  Assurance Assistant Manager

  I was in-charge of various engagements in different sectors such as Banking, Manufacturing, insurance Governmental, Trading, Hospitality, Retail, and other industries, in addition to special assignments in the following areas:- Financial review and compliance with IFRS- Financial review and conversion to IFRS- Due Diligence, mergers and acquisitions - Forensic Investigation Services- Compilation of the Financial Statements- Manufacturing Company’s Inventory costing reviewMajor clients and portfolios:- JV oil Manufacturing- Jordan- Housing Bank- Jordan- HSBC- Jordan-Zara Holding Investing Group- Jordan-Emirate Insurance Company (Yarmouk Insurance, First Insurance)-Libyan Investments Authority- Libya-Libyan Foreign Bank- Libya-Coca Cola- Jordan-NEPCO – Jordan.-Meridian Hotel Jordan.Tasks & duties:- Planning of external audit assignments with significant involvement in areas related to the assessment of engagement and business risks;- Understand and prepare a narrative description of the business’ main cycles such as cash, revenue, payroll, purchases, inventory, credit facilities, treasury and customer operations;- Designing and performing test of controls;- Assessing the effectiveness of internal control procedures;- Preparing internal control weakness report along with recommendations and communicate it to the client’s management;- Designing and performing substantive audit procedures;- Performing analytical and testing procedures to identify the reasonableness of financial statements’ information;- Preparing full set of financial statements in accordance with IFRS;- Supervising audit tasks performed by professional staff to ensure high quality deliverables, accuracy, compliance with IFRS and application of Ernst & Young's audit approach;- Reporting to Managers and Partners of the engagement;- Following up on major issues with clients;- Preparing a presentation for the audit committee with respect to audit issues and other matters عرض أقل

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  PwC

  Oct 2009 - Jan 2016

  Senior Manager

  Since joining PwC, my role as a manager, allowed me to manage various engagements in different sectors, in addition to performing special assignments in the following areas:- Financial review and conversion to IFRS- Supervising the accounting department’s operations, staff, reviewing of accounting records and preparing financial reports for clients in different sectors- Due diligence agreement assessment - Evaluate the internal controls and preparing the internal policies and procedures for several entities for all cycles.Major clients and portfolios:- Hewa General Contracting Company/Erbi.- OilServ Holding Company/Erbil- MI for Oil field services/ Erbil- Standard Chartered Bank- Jordan- British American Tobacco - Zain Africa (Due diligence)/ Bahrain- Performance Drilling Company/Erbil- Coca Cola / Erbil & Jordan- IRC Erbil, CARE Jordan, UNHCR IraqTasks & duties:- Running the Audit and Accounting line of service in addition to administrating the business operations of PwC’s office in Erbil:- Recommend to the clients the best practice on their internal structure, internal controls and procedures- Finalizing the audit reports- Review the current accounting policies and develop them to be in compliance with the Industry and IFRS requirements- Review the accounting process and identify the main weaknesses related to segregation of duties, custody of the asset and proper recording and posting to the systems- Perform reconciliations with major receivables and suppliers and prepare an aging for the balances- Prepare a preliminary balance sheet and income statement for the company- Prepare a full set of financial statements that are in compliance with IFRS- Perform analysis over the major variances and changes- Ensure Internal Controls are implemented and are properly followed across all functions.- Appraising the team and providing timely feedbacks- Training professional staff on different matters - Review the compliance with the local laws عرض أقل

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  Philadelphia Solar LLC

  Feb 2016 - Sept 2016

  Finance Manager

  • Providing and interpreting financial information; • monitoring and interpreting cash flows and predicting future trends; • Analysing change and advising accordingly; • Formulating strategic and long-term business plans; • Researching and reporting on factors influencing business performance; • Analysing competitors and market trends; • Developing financial management mechanisms that minimize financial risk;• Conducting reviews and evaluations for cost-reduction opportunities; • Managing a company's financial accounting, monitoring and reporting systems; • Liaising with auditors to ensure annual monitoring is carried out; • Developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and statutory organisations such as the Inland Revenue; • Producing accurate financial reports to specific deadlines; • Managing budgets; • Arranging new sources of finance for a company's debt facilities; • Supervising staff; • Keeping abreast of changes in financial regulations and legislation. عرض أقل

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  Jordan Insurance Federation (JIF)

  Dec 2016 - now

  Head Of Internal Audit

  • Evaluate and provide reasonable assurance that risk management, control, and governance systems are functioning as intended and will enable the organization's objectives and goals to be met• Report risk management issues and internal controls deficiencies identified directly to the audit committee and provides recommendations for improving the organization's operations, in terms of both efficient and effective performance• Evaluate information security and associated risk exposures• Evaluate regulatory compliance program• Engage in continuous education and staff development• Provide support to the company's anti-fraud programs• Plans financial, regulatory, compliance or operational reviews and audits.• Conducts risk assessments and identifies controls in place to mitigate identified risks.• Performs audit procedures to verify that controls are operating through testing and interviewing techniques.• Analyses and concludes on effectiveness and efficiency of control environment.• Identifies control gaps and opportunities for improvement.• Documents the results of audit work in accordance with audit department and the Institute of Internal Auditors (IIA) standards.• Prepares timely audit reports for the Audit Committee and the Board of Directors.• Assess, evaluate and promote compliance to internal JIF policies and procedures.• Contributes, as appropriate, in the year-end financial audit with the external auditor.• Provides advice on internal control and participates in enhancing internal audit standards and practices within JIF.Secretary of the Board roles:• Attending all the Board of Directors meetings.• Follow up with all BOD decisions during the year, in terms of proper execution by senior management and accurate documentation.• Continuous reporting to the board of directors for the status of the decisions and the plan of action. عرض أقل