Hammad Hussain

I was allocated Cash Fund from the portfolio of 7 Funds.

• Identified potential fraud risks by conducting thorough investigations and analysis of financial data and Enquiry from Relevant perosnell.
• Continuously improved personal knowledge and skills in auditing through participation in discussion with client.
• Developed strong relationships with clients, fostering trust and open communication during the audit process.
• Recommended Adjustments in financial statements and disclosures.

My task was to perform the consolidation of the Client's Subsidiary. The key highlights were:

• Acquisition of further shares in subsidiary impacting the consolidation process.
• Issuance of parent co. shares impacting the EPS.
• Parent making loan to subsidiary impacting the Consolidated Balance Sheet.

Our Firm engaged in audit of Puma Energy. I was assigned to the Balance Sheet items of Puma Energy. The Key Highlights were:

• Ensured the Assets (current and non-current) and Liabilities exist.
• Performed audit procedures on the Balance Sheet Items.
• Reported on the matter arising in Audit Report and Working Papers.
• Identified management control weaknesses and provided value added suggestions for remediation.

I was allocated the asset allocation developed market fund in Lakson Investments. The key highlights are:

ensure compliance with investment policies.

• Ensured the compliance with investment policies and reporting framework.
• Assessed the valuation methods used for different assets within the fund to ensure they reflect fair market values.
• Evaluated the fund's performance against benchmarks and regulatory requirements
• Expressed opinion and Issued the Report.

Performed the Audit of the Company.

I Prepared the Financial Statements of year 2022 and year 2023.

I was assigned on the profit and loss accounts. The key highlights are:

• Ascertaining the Revenue Recognition criteria as per framework.
• Ensuring the correct classification of revenue and capital expenditures.
• Performing the cut off testing of all the assertions.
• Report the matters as per the Materiality level.

I was engaged in Conducting the Audit of HR Dept.

• Facilitated clear communication between auditors and clients by acting as a liaison during complex engagements or sensitive matters requiring discretion.

I was engaged in conducting the Process Flow of Production Dept. of the Company.

During my Tenor at Tapal Tea I was responsible for reporting on Marketing Expenses for the Scheme launched in Last year same quarter. The highlights are:

• Assessed the internal controls surrounding the promotional activities to identify potential areas of risk and fraud.
• Reviewed the documentation and agreements related to the promotional activities to ensure proper authorization and approval.
• Identified discrepancies and provided actionable recommendations to enhance the effectiveness and compliance of future promotional campaigns.
• Report on the Matters Identified.

We were engaged in preparing the Process Flow of all the departments in the Company. I performed HR and Production Dept. process flow.

• Streamlined internal processes by conducting thorough evaluations and implementing necessary improvements.
• Optimized resource allocation by analyzing data trends and adjusting budgets accordingly, maximizing profitability without compromising service quality or customer satisfaction.
• Recommended the Process adjustments through report and recommandations.

As an Internal Auditor of Falcon-I, a tracker installing company, I was given a task of ensuring the account receivables are appropriately valued. The Key highlights are:

• Verified the correctness of receivables balances through detailed analysis and reconciliation.
• Obtained Confirmations from Key customers.
• Performed aging analysis.
• Recommended Adjustments
• Reported the Facts in Report.

As a Fact Finding Engagement, my firm engaged in Investigating the default of Dewan Group of Companies and their bank settlement with MBL and other syndicates, by State Bank of Pakistan. I was given a task for finding the discrepancies occurred in dealing with Dewan. The highlights are:

• Analyzing the facts and evaluated supporting documents to supplement audit findings.
• Understanding the statute recommendations through gazete and notifications and ascertaining whether the recommendations and rulings were appropriately followed, by analyzing the facts and data.
• Ascertaining the Provisions against the Loan made as per the Limit of Statute.
• Reporting the facts in Factual Finding Report.

During my tenor at abbot I was posted to Budget Variance Analysis of HVAC maintenance Expenses for the quarter. I contributed in:

• Supporting senior advisors during client presentations by preparing relevant materials and providing insightful analysis of proposed strategies.
• Preparing analysis by comparing the consumed expenses against the Budget Amount and Last year Budget to ascertain the variance and plausibility of arithmetic figures.
• Consolidating the figures from different class of transactions and analyzing their fluctuation to determine any inconsistency.