Muntazir Mehdi - FCCA, CIA

Experience

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  Daudally, Lalani & Co. (Chartered Accountants)

  Jun 2013 - Jun 2016

  Audit Supervisor

  EXTERNAL AUDIT Planned, supervised, performed and finalized external audit of limited companies registered under Companies Ordinance, 1984. Planned, supervised, performed and finalized external audit of co-operative societies registered under Co-operative Societies Act, 1925. Planned, supervised, performed and finalized external audit of trusts registered under Trusts Act, 1882. Planned, supervised, performed and finalized external audit of provident funds recognized under Sixth Schedule to the Income Tax Ordinance, 2001. Performed test of controls and verified audit assertions at different levels using different performance materiality levels for each head of account and formed opinion according to the International Auditing Standards. Ensured compliance of International Financial Reporting Standards as adopted by the Institute of Chartered Accountants of Pakistan. Compiled complete financial statements, including complex entries in cash flow statement and financial instruments, of limited companies according to the rules and guidelines of Companies Ordinance, 1984 and International Financial Reporting Standards as adopted by the Institute of Chartered Accountants of Pakistan. Clientele included manufacturing/assembling, textile, indenting agent, imports/exports, trading companies, advertizing agencies etc.CORPORATE MATTERS Incorporated private limited companies under Companies Ordinance, 1984 through eServices of Securities and Exchange Commission of Pakistan. Performed conversion of company from private limited to public limited company through eServices of Securities and Exchange Commission of Pakistan. Prepared and filed annual returns (Form A/B), Form 29 (Particulars of Company’s officers, Directors and Auditors), Memorandum of Association and Articles of Association as requested by the clients (both manual and e-filing), within the period as prescribed by the Securities and Exchange Commission of Pakistan. Show less

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  Omni Group of Companies

  Jun 2016 - Apr 2018

  Assistant Manager - Internal Audit

  INTERNAL AUDIT (Omni Group of Companies) Worked and resided mostly at Sugar Mills, Rice Mill, Farms and other production plants located in interior Sindh from Lower Sindh (i.e, Thatta & Badin) to Upper Sindh (i.e, Shikarpur) with internal audit team or sometimes as sole internal audit person. Prepared and executed work programs as per assignments’ objectives. Assisted manager audit according to guidelines about assignments. Performed tests of controls and analytical & other substantive tests in Cane Procurement System for sugar mills. Evaluated controls of engagement client. Performed various tests of controls, highlighted controls weaknesses and suggested improvements. Performed analytical procedures to analyze the trends & relation between data. Performed tests of details as per the objectives of assignment. Prepared / compiled data for internal audit report. Internal audit assignments include operational, financial and compliance audits of functions including Procurement, Treasury, Admin. and HR of Agricultural Farms, Rice and Sugar industry. Show less

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  Ali Dawakhana

  May 2018 - Oct 2019

  Finance Manager

  1. Management of inventory and cash2. Preparation of monthly financial statements for the proprietor after month-end adjustments

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  Salman & Raheel Chartered Accountant

  Dec 2018 - Oct 2019

  Senior Consultant
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  Planet Cellular Inc.

  Oct 2019 - May 2024

  Deputy Manager to Manager

  MAJOR ACHIEVEMENTS• Recommended, for fast verification of purchase & sales data, unique numbers should be formatted same in Sage & Warehouse data to use MS-excel function.• Reviewed procedure for stock ordering & receiving, recommended improvements in procedure including Carrier Company should get confirmation of stock from a particular email ID of consignee, as one big shipment was delivered to wrong address• Huge double payment noted to a vendor against one bill during bank verification one year prior date, informed management to collect the amount.OTHER WORKS Internal audit of yearly financials 2019 of a separate business unit including PnL & Balance sheet. Posted receipts from customers & payments to vendors in Sage 100 Software including required corrections. Verified Sales batches by quantities from Warehouse records to Accounting Software, relevant customer & warehouse used in system, prices from approved price list before update and then updated Sales batches in Software. Prepared monthly bank reconciliations of clients’ accounts. Verified & reconciled various vendors’ accounts with suppliers’ statements, noted un-reconciling items, and corrections made in Sage 100 Software to completely match balances of vendors. Verified inventory on hand as per warehouse & accounting system, inquired reasons of differences. Verified Purchases & Sales (after postings updated) quantities from Warehouse records to Accounting Software, Prices & Amounts of purchases verified from Vendors’ invoices. Prepared Huawei items weekly reports including quantities sold & balances, IMEIs list of each item sold in the week for submission to Huawei. Worked longer times for 12 to 14 hours a day, lot of times when required as per Company & department requirements. Show less

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  Self-employed

  Jun 2024 - now

  Professional Freelancer

  Our team of professionals consists of experienced accounting & finance professionals, business consultants, tax consultants and technology experts who are dedicated to provide top-notch services to our clients on-site in Dubai & Pakistan plus virtually all over the world.We are providing services all over the world including accounting, book-keeping, internal auditing, finance, financial and non-financial reporting etc.In addition to above, providing taxation related services in few countries like Pakistan, UAE etc.In Pakistan, we offer variety of services not only limited to accounting, book-keeping, internal auditing, finance but anything related to Federal Board of Revenue (FBR), Provincial Tax Authorities, Securities & Exchange Commission (SECP), Employees Old Age Benefits Institution (EOBI), Sindh Employees' Social Security Institution (SESSI), Pakistan Software Export Board (PSEB), Trade Marks Registration etc.LET'S CONNECT WITH US TO GAIN VALUABLE EXPERIENCE OF OUR SERVICES. Show less