Riaz John

Internal audit function EY Jul 2014 TRANSFORMED THE INTERNAL AUDIT FUNCTION OF MY CLIENT WITHIN 12 MONTHS I have transformed the internal audit function by replacing the existing low performing team, building a strong business relationship with the executives as well as becoming the trusted advisor to the Municipal Manager and the Audit Committee. This was achieved as follows:  Working closely with executive management and the Audit Committee to understand the risks and needs of the business  Based on the above… Show more TRANSFORMED THE INTERNAL AUDIT FUNCTION OF MY CLIENT WITHIN 12 MONTHS I have transformed the internal audit function by replacing the existing low performing team, building a strong business relationship with the executives as well as becoming the trusted advisor to the Municipal Manager and the Audit Committee. This was achieved as follows:  Working closely with executive management and the Audit Committee to understand the risks and needs of the business  Based on the above analysis, develop a risk based internal audit plan for the group  Continuously engaging with management to identify on-going challenges and providing support Creating a control conscious environment and an awareness of fraud for the entire group  Focusing on areas to reduce business operational costs and enhance efficiencies On-going internal audit performance reviews and discussions with executive management and the Audit Committee Show less

Financial control frameworks EY Jun 2014 SIGNIFICANTLY ENHANCED CONTROL ENVIRONMENT + DEVELOPED A PLATFORM FOR EXTERNAL AUDIT O ADOPT A CONTROLS RELIANCE BASED AUDIT APPROACHCo-developed financial control frameworks for each of the core financial processes (order to cash, procure to pay, inventory, financial statement close process, payroll and fixed assets) through intensive workshops with executive and financial management throughout the group. These frameworks were subsequently reviewed and agreed with External Audit for… Show more SIGNIFICANTLY ENHANCED CONTROL ENVIRONMENT + DEVELOPED A PLATFORM FOR EXTERNAL AUDIT O ADOPT A CONTROLS RELIANCE BASED AUDIT APPROACHCo-developed financial control frameworks for each of the core financial processes (order to cash, procure to pay, inventory, financial statement close process, payroll and fixed assets) through intensive workshops with executive and financial management throughout the group. These frameworks were subsequently reviewed and agreed with External Audit for completeness to facilitate the adoption of the controls reliance approach.This project has achieved the following thus far: Financial controls framework has been co-developed and embedded for the entire municipality  Drastically improved the overall financial control environment and control awareness across the municipality Endorsement by External Audit of the validity, completeness and accuracy of the control frameworks developed  Endorsement by External Audit of IA’s testing methodology and quality for reliance on the financial control framework This will form the basis for a perpetuity saving on External Audit costs Show less

Internal audit plan EY Jun 2010 At my client Transnet which was the largest internal audit engagement anywhere in the world, I was involved with the management and implementation of the internal audit plan at Transnet Port Terminals and Transnet Pipelines focussing specifically on indentifying financial controls, risks, designing control frameworks to address these risks and ensuring compliance with these frameworks and controls.(eg Critical Financial Reporting Controls, Location Audits, Supply Chain Management, Short Term… Show more At my client Transnet which was the largest internal audit engagement anywhere in the world, I was involved with the management and implementation of the internal audit plan at Transnet Port Terminals and Transnet Pipelines focussing specifically on indentifying financial controls, risks, designing control frameworks to address these risks and ensuring compliance with these frameworks and controls.(eg Critical Financial Reporting Controls, Location Audits, Supply Chain Management, Short Term Incentive) Show less

Issue tracking EY Jun 2008 I was involved in the pilot testing the Integrated Operational Controls (IOR) at both Transnet Port Terminals (across all terminals throughout the country) and Transnet Pipelines (across all depots throughout the country) and have thus gained an invaluable insight into the operations of both businesses.