Ihtesham Shoaib

• Performed statutory audit, assurance engagements, in the United Arab Emirates (UAE), Kingdom of Saudi Arabia (KSA), Qatar & Oman.
• Performed external auditors including performing horizontal and vertical analysis to ensure the trend analysis and evaluate the high risk areas as per the inherent complexity and judgement.
• Undertook assurance engagement for preparing and maintaining fixed assets registers and review of the company policies for reputable multinational companies having multi jurisdictional business operations.
• Ensured strong communication and relationship among internal departments to assist in internal and external audit, banking relationships and reporting to Board of Directors (BOD’s).
• Developed SOP’s, Internal Controls, accounting policies and procedures for inventory & fixed assets

• Conducted audits in accordance with International Standards on Auditing (ISA’s) for a wide range of clientele along with planning, executing, and finalizing all areas of audit assignment.
  • Collected and analyzed data to detect deficient controls, fraudulence and non‐ compliance with laws, rules, regulations and management policies.
  • Managed and coordinated client audit plans and fieldwork including financial and operational audits for IFRS, IFRS for SMEs, AFRS for SSE’s and accounting standards for NPO’s across multiple sectors.
  • Performed multiple substantive tests to obtain sufficient and appropriate audit evidence, collate reports, and communicate findings and recommendations.
  • Coordinated and liaised closely with audit partners in resolving problems such as opening balance discrepancies, and material misstatements.
  • Supervised and trained audit staff members, including assistance in developing audit procedures and techniques in order to effectively perform timely accounting and audit.
  • Performed monthly bank reconciliation, receivables and payables control accounts reconciliation.
  • Experienced over all the accounting operations including extracting ledgers, trial balance, passing journal entries, verification of expenses, closing journal entries.
  • Initiated process improvement & automation for control accounts, invoicing, payments and bank reconciliation process.

• Prequalification of Home owner in 50 States of USA
  for available options in their relevant state for lower
  interest rates and mortgage payment on behalf of wells Fargo & PNC
  bank USA
  • Calculation for debt consolidation on the option with
  lowest payment and interest rate possible.
  • Evaluation of property type and the type of loan the
  owner qualifies for within the Debit to Income Ratio.
  • Calculations of Loan to Value ratios for available equity value estimations.
  • Evaluation of HELOC or Refinance as a better fit for the client objectives