Muhammad Imran

Experience

• 

  A.F. Ferguson & Co (PwC Pakistan)

  Jan 2003 - Jan 2007

  Training (articles)

  Four years article ship with A.F. Ferguson & Co. Lahore. Here my responsibilities included planning, execution and completion of audits/assignments relating to public and private sector organizations. In individual capacity as well as a team leader of three to nine members, I have an extensive experience of:• Statutory Audits comprising of analysis and review of financial statements, ensuring adequacy of reporting system, compliance with the Companies Ordinance 1984 and other statutory requirements, adherence to International Financial Reporting Standards (IFRSs) and reviewing existing systems to identify any control weaknesses.• Internal Audits comprising of detailed study and analysis of existing business processes, identification of weaknesses in the processes and preparation of recommendation reports.• Special Assignments including agreed upon procedures and preparing reports as per engagement requirements.• Analysis and Review of Financial Statements including cash flow statements of various industry clients, compilation of individual and consolidated financial statements in compliance with IFRSs as applicable in Pakistan and the Companies Ordinance 1984 while assessing various areas of financial statements such as employee benefits, taxation, foreign currency transactions etc.• Compliance with Applicable Statutory Legislatures like Income Tax Ordinance, 2001, The Companies Ordinance 1984, Monopolies and Restrictive Trade Practices (Control and Prevention) Ordinance. Show less

• 

  A.F. Ferguson & Co (PwC Pakistan)

  Dec 2007 - Mar 2008

  Supervising Senior

  Worked as Supervising Senior from December 2007 to March 2008 for the implementation of ERP Project at Crescent Steel & Allied Products Karachi.

• 

  MCB Bank Limited

  Jun 2008 - now

  Working as Region Head – Audit with MCB Bank Limited. Here I am primarily responsible to manage and monitor overall performance of the audit assignments and facilitate communication with management. Further I am accountable to:• Manage risk assessment and audit plan process. • Develop scope and budget of each assignment & monitor execution of audit plan. • Review the work performed by team members on a timely basis and ensures that issues identified have been adequately reported. • Review Audit Reports and endorse/recommend report to be released by the General Manager (Audit). • Visit at the audit location with the audit team during the fieldwork, where deemed appropriate due to seriousness of any issue. • Review the assignment file to determine if the work is appropriately documented and reviewed according to the assignment plan. • Ensure that the working paper file is adequately prepared; and ensure compliance of bank’s approved policies, guidelines, manuals, procedures etc. and government laws and regulations, IIA standards etc. to make audit activity effective. • Analyze issues identified, establish root cause with full reasons behind breakdowns in controls and suggest appropriate solutions. • Review draft/interim reports prior to issuance thereof, wherever such reports are to be issued. • Sign-off working papers in the ‘Working Paper File’ to evidence review of field work. • Periodic or Surprise Inspection of stock held with the bank as security as prescribed by Group Head Audit & RAR or given in audit master data or given in bank’s approved policies, guidelines, manuals and procedures etc. • Suggest changes required in Audit Master Data to General Manager (Audit) on the basis of feedback from the audit staff. Show less

  • General Manager Audit

    Jun 2023 - now

  • Region Head - Audit (VP)

    Apr 2012 - Jul 2023

  • Senior Audit Manager (AVP)

    Jun 2008 - Mar 2012