Muhammad Owais

Experience

• 

  MRA Securities Ltd

  Feb 2006 - Jul 2010

  Accounts Officer

  • To assist in the preparation & review of management accounts;• Mediated with statutory authorities, auditors, tax consultant, and bankers;• Preparation of projected fund position on daily basis as part of fund management for Investment Department;• Oversaw the maintenance and timely payment of markup on bank facilities, margin calls/requirements, past dues and leased payments;• Calculate all brokerage commission/charges and reconcile from trial balance;• Monitor & maintain debtor & creditor accounts along with follow up for recovery;• Responsible for all bank accounts & bank reconciliations;• Maintain the register of fixed assets of the company and update on regular basis;• Recording of journal entries for accruals, prepayments, adjustments and allocation of expenses etc.;• Responsible for daily cashbook, receipts, payments and other journal vouchers; • Reconciliation of all payroll related general ledger accounts to the payroll;• Retained documents and records pertaining to payroll and temporary staff salaries; • Perform other related duties as assigned for the purpose of ensuring the efficient and effective functioning of the work unit. Show less

• 

  NJMIA Chartered Accountants

  Aug 2010 - Jul 2011

  Audit Associate

  • To perform statutory audit including preparation of working papers, evidential support, presentation of audit findings;• Involved in understanding of the entity and assessment of business and related audit risks;• Coordination with engagement team members to discuss the extent of planned audit procedures;• Communication with key personnel at client premises as an intermediary source between firm and client;• Assist in physical verification of asset;• Preparation of brief notes for system audits;• To review work completed by subordinates to ensure accuracy and completeness.Major Clientele Includes:• Allied Engineering and Services (Private) Limited• Allied Precision Engineering Products (Private) Limited• BSL (Private) Limited• Ranipur Sugar Mills (Private) limited Show less

• 

  Deloitte Pakistan

  Nov 2012 - Dec 2015

  Senior Audit Associate

  • Assisting clients in preparation of financial statements in accordance with the applicable financial reporting framework including compliance with International Financial Reporting Standards (IFRS), local corporate laws and directives of regulatory authorities;• Involve in obtaining and evaluating the information on the businesses and its environment for identifying risk areas and analyzing the level of audit risk involved;• Performing Deloitte audit methodology (DAAM) using test of controls, substantive analysis and tests of details to collect audit evidence and highlight any discrepancies and weaknesses;• Liaison with client's management and communication of relevant matters to persons at appropriate level of responsibility;• Involve in the preparation of Preliminary analytical Reviews (PAR);• Acting as a point of contact in the firm for audit related queries from the clients.I have worked on the following engagements during my stay at Deloitte (Pakistan).Engagements • Idrees Textile Mills Limited • Huffaz Seamless Pipe Industries Limited • Pakistan International Airlines Corporation Limited • Abacus Distribution Systems (Pvt.) Limited • Robotics Labs (Private) Limited • The Jinnah Society • Cloud BPO (Private) Limited • The Education Enrichment Foundation • Goodcore Software (Private) Limited Non Audit Assignments:• Renowned Food Chain - (Fraud Investigation )• Pakistan International Airlines Corporation Limited - (Due Diligence Review )• Karachi Electric Limited - (Due Diligence Review ) Show less

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  Deloitte Middle East

  Dec 2015 - now

  Currently working in a member firm of Deloitte. Experienced in leading and being part of the team on statutory audits, review engagements and other assurance related engagements. Involved in audit planning, audit performance and audit finalization. Job responsibilities include performing, reviewing and ensuring team’s implementation of the following:Responsibilities: • Researching clients’ business and industry to form a business understanding; • Reviewing clients’ accounting and operating procedures, systems of internal control and risk management; • Identifying accounting, audit, business risks and issues of the entity; performing research to resolve issues;• Establishing working relationships with client personnel across different departments;• Performing analytical review of financial statements and audit documents;• Preparing financial statement reports and documentation supporting the audit opinion being provided; • Providing recommendations for improved controls and enhanced business efficiency;• Demonstrating ability to plan and manage engagements and people, along with ensuring deliverables meet work plan specifications and deadlines;• Being responsible for the implementation of Deloitte audit approach, methodology and tools;• Preparing and finalizing deliverables addressed to the Board of Directors and Audit Committee. Engagements• Muscat Insurance Company SAOG• Takaful Insurance Company SAOG• Oman Insurance P.S.C - Oman Branch• American Life Insurance - Oman Branch• Alizz Islamic Bank SAOG • Oman Gas Company SAOC• Dhofar Generating Company SAOC • Dhofar Power Company SAOC • Oman Power & Water Procurement Company SAOC • Zain Telecommunication Company Limited (South Sudan) • Zawawi Gypsum LLC • Parsons Brinckerhoff International Inc. – Oman • HBS Investments Limited • Al Felaij Plastics Material Trading Establishment LLC • Al Felaij Brushes Industries Co. Show less

  • Senior Manager | Audit & Assurance

    Oct 2023 - now

  • Manager | Audit & Assurance

    Dec 2020 - Sept 2023

  • Assistant Manger | Audit & Assurance

    Mar 2020 - Nov 2020

  • Assistant Manager | Audit & Assurance

    Oct 2018 - Feb 2020

  • Senior Auditor | Audit & Assurance

    Dec 2015 - Sept 2018