Muhammad Raza

Experience

• 

  Grant Thornton

  Jun 2009 - Dec 2012

  Audit Supervisor

  I worked in Grant Thornton Pakistan for a period of three and a half years in order to complete my articleship as per requirements of The Institute of Chartered Accountants of Pakistan. I was performing the following during my association with Grant Thornton:Enhancing practical exposure towards implementation of International Financial Reporting Standards (IFRS), International Standards of Auditing, local laws and best practices in respect of financial and risk management;Planning the audit of the financial statements after considering the entity, its environment and related internal controls;Managing audit teams during planning, execution and completion stages of audit;Supervision, review and finalization of assurance engagements;Liaison with client’s management;Consultation on significant matters with various professionals such as lawyers, tax advisors, actuaries and IT experts;Establishing positive working environment by building relationships with team members, clients and other stakeholders; andOn-the-job training and professional development of staff. Show less

• 

  PwC

  Dec 2012 - May 2013

  Senior Associate

  Executed the day-to-day activities of audit engagements and supported the execution of a high-quality auditCoordinated the day-to-day activities of audits and client interactions and ensured efficient information flow from the client to the audit teamSupported the design and execution of an engagement's audit approach and procedures in accordance with relevant regulatory professional auditing and assurance standards and applicable firm guidanceIdentified and communicated potential issues and opportunities for audit efficiencies and process improvement to managers and partnersDemonstrated a working knowledge of developments in accounting literature' including those specific to assigned industriesSupervised audit associates and interns on engagements providing coaching' timely feedback' and reviewing their audit documentationAdhere to the firm's values and code of conduct Show less

• 

  Shirazi Trading Company (Pvt.) Ltd.

  Sept 2013 - Jan 2019

  • Heading departmental operations with an eye to sales execution and profitability • Planning new project including cost analysis and execution, logistics arrangement, management accounting impact and financial reporting• Managing corporate finance including international payments and arranging financing facilities for customers• Ensuring compliance with country’s tax, corporate laws, custom laws and regulations• Working with different vendors to develop cost efficiencies by performing prior planning, forecasts and growth opportunities available within the market• Performing operations and timely project executions worth more than $30 million annuallyKey achievements• Establishing a new project management department with a team of 3 executives and expanding it to 6 within two year with growth in sales execution from $10 million to $30 million• Successfully executed a $7 million single largest project in company’s history with satisfaction from government organizations and principal GE Healthcare• Promoted within first 12 months of establishing the department by showing results and growth including substantial savings for organization in project management, payments management, tax management & strategy and project procurement Show less Developing comprehensive internal audit plan for entire year covering business units, finance,human resource, administration and information technologyPerforming risk assessments on key business activities and using this information to guidewhat should be covered in auditsTravelling to different regions to meet relevant staff and obtain documents and information tocomplete audit along with completing comprehensive inventory checkAgreeing recommendations with relevant staff members to make improvements to operationsand helping to secure backing for them in meetingsPreparing reports to highlight issues and problems and distributing the reports to the relevantpeopleAssessing how well the business is complying to rules and regulations and informingmanagement of any issues that need addressing Show less

  • Manager Order to Remittance (OTR)

    May 2015 - Jan 2019

  • Internal Auditor

    Sept 2013 - May 2015
• 

  Grant Thornton

  Jan 2019 - Oct 2019

  Manager, Business Assurance Services

  -Establishing the overall audit strategy including job budgeting, staff allocation and audit planning.-Communicating and discussing significant accounting and audit issues with the client for ensuring timely resolution and reporting.-Coordinating with various professionals such as other auditors, lawyers and actuaries to aid decision-making in respect of critical reportable audit matters and disclosures.-Review of financial statements, board and management letters and ensuring compliance with the International Financial Reporting Standards (IFRS), International Standards on Auditing (ISA) and applicable statutory regulations.-Review of regulatory compliance of Basel framework for commercial banks,-Meeting the client’s audit committee to communicate matters of interest, issues, findings/ recommendations.-On-the-job training and professional development of audit assistants through coaching and provision of performance feed back.-Developing healthy business relationship with the clients and seek further business opportunities for other lines of services of the firm.-Developing proposals for generating new business opportunities for the firm. Show less

• 

  Dr. Sultan Al Dosari & Partners Chartered Accountants - Grant Thornton Qatar

  Oct 2019 - Nov 2021

  Director Audit and Assurance

  Implemented Assurance Quality Control Manual and Audit Assurance Manual at Grant Thornton Qatar as per Grant Thornton International (GTI) MethodologyTransformed audit process from manual to 100% template-based work papers to ensure compliance with GT MethodologyInitiated the process of standardization of working papers and reporting documents to enhance efficiency and effectiveness of audits at the firm levelMaintaining the quality of audit engagement and being responsible for department-wide audit files while reporting to the Head of AuditCoordinating with Grant Thornton International for the implementation of LEAP audit methodology and its implementationDeveloping overall audit strategy for the department and its alignment with Grant Thornton’s audit methodologyEnsuring implementation of International Financial Reporting Standards to ensure that our assurance engagements comply with applicable financial reporting frameworkWorked on implementing IFRS including IFRS 9, IFRS 15 Revenues, and IFRS 16 Leases for clients on other engagement Show less

• 

  KPMG in the Crown Dependencies

  Nov 2021 - Apr 2024

  Senior Manager Audit

  Mentoring, and coaching audit staff and guiding them towards the successful execution of audit including resolving their queriesEnsuring stakeholder needs identification and providing potential solutionsManaging engagement partner involvement in audits, providing progress reports as requiredEnsuring that client relationship is managed throughout the process including acceptance andcontinuance procedures with finalizing fees and ensuring timely recoveryActing as the main point of contact throughout the year for my client portfolio; managing timetables, anticipating costs, finalizing fees, and agreeing on dates for recoveryRegularly and proactively communicating with senior clients on relevant industry matters focusing on significant risk areas including investment valuation, banking, and private equity industriesCommunicating with clients and subject matter experts on technical matters relevant to auditsActively driving the planning of the audit, as well as the actual fieldwork at interim and final, statutory audit and completion workEnsuring that the engagement team follows ethical business practices throughout theengagement Show less

• 

  PwC UK

  Apr 2024 - now

  Senior Audit Manager