Syed Salman Sohail, APFA, ITP

Syed Salman Sohail, APFA, ITP

Audit Senior – Audit & Assurance || Tax Associate

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  • Timeline

  • About me

    IFRS & ISA Expert | Audit & Assurance Professional | Taxation | FP&A | Member - Karachi Tax Bar Association | 6K+ Network | Open to Global Opportunities | PwC Finland Selection

  • Education

    • Pakistan Institute of Public Finance Accountants (PIPFA)

      2016 - 2020
      IFRS , Audit , Taxation, Cost and Management Accouting, Financial Management, Corporate law,

      Qualified

    • The Institute of Chartered Accountants of Pakistan

      -
      Passed 12 papers including Financial Accounting & Reporting, Tax Practices, Company Law (IFRS ,Audit, Taxation, Cost and Management Accounting, Financial Management, Corporate law)
    • Karachi University

      2010 - 2011
      Bachelor of Commerce - B.Com
  • Experience

    • PrimeGlobal - Naveed Zafar Ashfaq Jaffery & Co Chartered Accoutants

      Sept 2013 - Sept 2017
      Audit Senior – Audit & Assurance || Tax Associate

      I gained diversified experience in external audit and other specialized areas, served as an Audit Senior in the Audit and assurance and Tax Associate in the Tax department. Working thereon, I obtained diversified assurance and tax experience.• Led statutory audits of various business organizations.• Prepared financial statements as per the requirements of International Financial Reporting Standards and repealed Companies Ordinance 1984.• Led interim review engagements of various business organizations.• Led review engagements of compliance with the requirements of code of corporate governance applicable on companies listed on Pakistan Stock Exchange Limited.• Prepared net capital balance of brokerage houses of Pakistan Stock Exchange.• Worked on special assignment.• Performed cost audits.• Performed tax assignments particularly replying to show cause notices of Income tax and Sales tax of various cases.• Experienced in filing monthly withholding tax statements u/s 165 and u/s 149 under Income Tax Ordinance, 2001 and monthly sales tax returns under Sales Tax Act, 1990 and Sindh Sales Tax on Services Act, 2011 of multiple organizations.• Experienced in filing annual income tax return of various Companies, AOPs and Individuals. Show less

    • AJCL

      Oct 2017 - Jun 2021

      My responsibilities broadly include the following:• Provide top management with professional advice on accounting, financial and taxation issues.• Responsible for dealing and maintaining relationship with banks, vendors, customers and employees, tax advisors and auditors.• Maintain accounting, financial, taxation and corporate records.• Make reply to show cause notices of Income tax and Sales tax• Maintain appropriate insurance coverage.• Ensure that the company complies with all legal and regulatory requirements.• Ensure that record keeping meets the requirement of auditors.• Monitor cash balances• Invest Funds.• Report financial results to the board of directors.• Coordinate with staff at other branch offices. Show less

      • Manager Accounts and Finance and Company Secretary

        Mar 2021 - Jun 2021
      • Manager Accounts and Finance

        Oct 2017 - Mar 2021
    • Star Denim Official

      Jul 2021 - now

      My responsibilities broadly include the following:• Report financial results to the CEO, board of directors and Manager Finance• Prepare statutory & management accounts/financial statements• Support month-end and year-end closing process.• Responsible for dealing and maintaining relationship with banks, tax advisors, corporate advisors and auditors.• Supervise the timely and accurately recording of all accounting entries in the ER Manager.• Ensure that the company complies with all legal and regulatory requirements.• Review/ file monthly and annual sales tax return, quarterly withholding tax statements and annual income tax return• Make reply to show cause notices of Income tax and Sales tax.• Invest Funds.• Present annual budgets to HODs• Analyze financial information (e.g. revenues, expenditures) to ensure all operations are within budget• Identify variances between actual and budgeted financial results monthly.• Make forward booking contracts with the bank• Maintain financial, taxation and corporate records. Show less

      • Deputy Manager Accounts and Finance

        Jul 2024 - now
      • Assistant Manager Finance

        Jul 2021 - Aug 2024
  • Licenses & Certifications

    • Full Member

      Karachi Tax Bar Association
      Jul 2021
    • Income Tax Practitioner

      Federal Board of Revenue (FBR), Islamabad
      Jul 2020
    • Associate Public Finance Accountant

      Pakistan Institute of Public Finance Accountants
      Aug 2021