Muhammad Shoaib Arshad
Assistant Manager - Assurance
374 - Pak Block, Allama Iqbal Town, Lahore,Pakistan
Summary
Strategic auditor with extensive knowledge of financial and operational risk. Offering sound judgment and interpreting policies and controls. Recognized to thrive in either collaborative or independently-motivated settings. The desire is to achieve a high career growth through continuous learning process and to keep myself dynamic, visionary and competitive with the ever-changing landscape of the globe.
Overview
7
7
years of professional experience
13
13
years of post-secondary education
1
1
Language
Work History
Assistant Manager - Assurance
EY
Lahore, Pakistan
06.2019 - Current
- Managed strong client relationships to deliver exceptional service and maintain repeat business.
- Interviewed business owners, explained audit scope and conducted exit interviews of audit findings.
- Performed planning, execution and completion of various audit engagements, which included responsibilities for conducting preliminary reviews, supervision and review of work performed by staff.
- Identified control gaps in processes, procedures and systems through in-depth research and assessment and suggested methods for improvement.
- Reviewed, prepared and compiled the financial statements in accordance with the reporting frameworks comprising of IFRS, GAAP and applicable statutory requirements.
- Interpretation of the financial statements, determining the adequacy and reasonableness of the assumptions used in the preparation of the forecasts provided by the audit clients to obtain evidence about the going concern assumption.
- Followed up on reviews to assess and report on completion or progress of corrective actions.
- Implemented new accounting standards at clients particularly IFRS 9, 15 and 16.
- Consulted on significant matters with various professionals such as lawyers, tax advisers, actuaries and IT experts.
- Supervised and trained audit staff in how to effectively review physical and digital data.
- Implementing audit transformation and Analyzer tools and mentoring staff to enhance efficiency in the audit.
- Kept audits working smoothly to meet strict timetables and labor hour budgets.
- Advised and recommended clients on the best practices in finance and operations.
Senior Audit Associate
EY
Riyadh, Saudi Arabia
01.2019 - 04.2019
- Responsible to actively establish, maintain and strengthen internal and external relationships, execute complex assurance procedures for several industry sectors.
- Collaborated with clients' management teams to collect audit information and recommend strategic business improvements.
- Developed auditing program to address risks and evaluate regulatory requirements.
- Performed internal controls assessment to identify weaknesses in the design, implementation and operating- effectiveness of the various controls and to suggest remedial actions to overcome the deficiencies.
- Reported significant flaws in procedures and data to manager and partner for immediate resolution.
- Delegation of duties to team members and coaching to help them deliver results.
- Established positive working environment by building solid relationships with team members.
- Implementation of new accounting standards at various clients including transition to IFRS.
Audit Associate - Audit Senior
EY
Lahore, Pakistan
01.2017 - 01.2019
- Interacted with key client management to gather information, resolve audit-related problems and make recommendations for business and process improvements.
- Effective engagement planning for external audits with respective managers and senior managers based on the understanding of the entity and the assessment of the business and its related risks.
- Assessed internal controls by identifying deficiencies and deviations and recommending critical changes.
- Analyzed trends over monthly, quarterly and annual financial data to investigate fluctuations.
- Identified various risks and errors in accounts to propose corrective action to client management.
- Mentored team members on best practices in audits to help them understand how to prioritize problems and utilize findings to affect necessary changes.
- Delegated work to team members and student interns to share workload and continue meeting audit goals.
- Conducted compliance audits of payments and receipts to determine compliance with various donees including USAID, EU, MOFA Norway, etc.
- Decision-making for resolution of critical reportable matters.
Tax Associate
EY
Lahore, Pakistan
12.2014 - 01.2017
- Reviewed and analyzed client data and accurately prepared income returns.
- Consulted with clients to assess and mitigate future tax liabilities and determine eligibility for tax abatement.
- Facilitated communication between clients and tax authorities.
- Prepared tax returns, extensions, tax planning calculations and write-ups for organizations and entities.
- Reviewed available data and compared against tax code to determine exemptions, deductions, and potential liabilities.
- Researched and analyzed specialized tax laws, rules and regulations and analyze pertinent client, industry and technical matters to remain current on tax legislation.
- Assisted businesses with provisions, international tax issues and mergers and acquisitions to comply with tax regulations.
- Filed refunds and coordinated with tax officials for processing of refunds.
Education
Chartered Accountancy - Auditing And Accounting
Institute of Chartered Accountants of Pakistan
Pakistan 11.2012 - Current
Bachelor of Accountancy - Accounting
Asia E University
Malaysia 01.2018 - Current
Skills
Financial reporting standards
Auditing standards
SOX Compliance
Data analytics and auditing software
Team leadership
SAP / Oracle
Microsoft Office
Client relationship management
Industry sectors worked
- Manufacturing
- Products and services
- Oil and gas
- Real estate and construction
- Power and utilities
- Non-profit organizations
- Telecom
- IT and software
- Fast food chain
- Pharmaceutical and medical equipment
Certifications
- EY IFRS accreditation
- Communication and skills development course
- Presentation and communication skills course
- Certificate in accounting and finance
- Completed multiple internal and external trainings
Interests
Travelling, playing cricket and table tennis.
References
References will be furnished upon request.
Timeline
Assistant Manager - Assurance
EY
06.2019 - Current
Senior Audit Associate
EY
01.2019 - 04.2019
Bachelor of Accountancy - Accounting
Asia E University
01.2018 - Current
Audit Associate - Audit Senior
EY
01.2017 - 01.2019
Tax Associate
EY
12.2014 - 01.2017
Chartered Accountancy - Auditing And Accounting
Institute of Chartered Accountants of Pakistan
11.2012 - Current