Asad Iqbal
Experienced Audit & Accountancy Professional
Summary
Experience Chartered Accountant, certified by the Institute of Chartered Accountants of Pakistan (ICAP), with over a decade of post-qualification experience in the accounting and auditing industry, specializing in audit quality.
Overview
15
15
years of professional experience
7
7
years of post-secondary education
2
2
Languages
Work History
Director Audit and Assurance
KPMG Taseer Hadi & Co. Chartered Accountants
Karachi, Pakistan
09.2023 - Current
- Led the audit engagement of clients including banking, insurance and companies in oil and gas sector.
- Developed and maintained strong client relationships. providing expert guidance on audit, financial reporting, and regulatory matters.
- Participated in the initial implementation of IFRS 9 for audit of banking companies. This role involved collaborating with banking audit specialists from other network firms and financial risk management experts, while offering guidance and support to local banking audit teams.
Director Audit Quality
Crowe Hussain Chaudhury & Co.
Karachi, Pakistan
01.2023 - 08.2023
- Led the firm-wide implementation of International Standard on Quality Management (ISQM) 1 and ISQM 2, ensuring alignment with the network firm i.e., Crowe Global and regulatory requirements.
- Conducted comprehensive reviews of completed audit engagements, assessing adherence to auditing standards, identifying areas for improvement, and providing feedback to enhance audit quality.
- Designed and delivered training programs on audit quality standards and ISQM implementation, mentoring audit teams and fostering a culture of continuous improvement.
- Acted as the primary contact for audit quality matters with regulatory bodies and professional organizations. Collaborated with leadership and audit teams to maintain high-quality audit practices.
Deputy Director, Quality Assurance
Institute of Chartered Accountants of Pakistan
Karachi, Pakistan
08.2014 - 12.2022
- Led and supervised Quality Control Reviews (QCR) of audit firms across Pakistan, inspecting their systems of quality control and reviewing audit engagements in accordance with auditing standards to identify deficiencies and recommend improvements.
- Contributed to the drafting of the Quality Control Review (QCR) Framework i.e., the policy document.
- Assisted the Quality Assurance Board (QAB) in finalizing the QCR reports, contributing to the overall evaluation and compliance of audit firms with the auditing standards quality standards.
- Delivered training sessions to audit firms, focusing on common audit errors and best practices for remediation, contributing to enhanced audit quality across the sector.
- Played a key role in improving ICAP's Management Information System (MIS) for better tracking and reporting of QCR activities.
Audit Supervisor
Deloitte Yousuf Adil (Member Firm of Deloitte)
Karachi, Pakistan
12.2009 - 07.2014
- Conducted audits of companies in financial, manufacturing and service sectors in several roles in Firm.
- Conducted review of Internal Control over Financial Reporting of banks in Pakistan and in Middle East (Riyadh and Jeddah).
- Conducted fraud investigation of multinational and public sector company.
Education
Chartered Accountancy - Accountancy And Auditing
Institute of Chartered Accountants of Pakistan
09.2007 - 03.2013
Bachelor of Commerce - Accounting And Finance
University of Karachi
08.2007 - 07.2009
Skills
Compliance Assessment
Process and control review
Fraud investigation
External Audit
Risk Assessment
Leadership
Public speaking
Timeline
Director Audit and Assurance
KPMG Taseer Hadi & Co. Chartered Accountants
09.2023 - Current
Director Audit Quality
Crowe Hussain Chaudhury & Co.
01.2023 - 08.2023
Deputy Director, Quality Assurance
Institute of Chartered Accountants of Pakistan
08.2014 - 12.2022
Audit Supervisor
Deloitte Yousuf Adil (Member Firm of Deloitte)
12.2009 - 07.2014
Chartered Accountancy - Accountancy And Auditing
Institute of Chartered Accountants of Pakistan
09.2007 - 03.2013
Bachelor of Commerce - Accounting And Finance
University of Karachi
08.2007 - 07.2009
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