Muhammad Zubair Sadiq (CA Finalist)

Audit and Assurance

• Assurance services to a diverse range of industries, including Financial Services, Information Technology, Education, and Non-Profit Organizations, in compliance with International Financial Reporting Standards (IFRS) and conducted in accordance with International Standards on Auditing (ISA).
• Planned audits by establishing audit objectives, identifying key risks and significant classes of transactions in accordance with the understanding of the entity and its environment.
• Designed/tailored tests of controls, substantive, and analytical procedures, to address key financial statement assertions and risks identified.
• Assessing adequacy of internal controls over client’s key accounting processes and evaluating manual and automated organizational processes.
• Drafted recommendations to management for deficiencies identified.
• Performed procedures to check financial statements are prepared in accordance with IFRS and any local laws.
• Prepared additional audit deliverables, including a cover letter addressed to the Board of Directors and a management letter.
• Holding discussions with senior management and reporting the Summary of Audit differences.
• Working closely with the audit team and client in order to resolve the differences identified.
• Keeping senior audit team members and client management apprised of the engagement progress and identified issues.
• Maintaining a productive relationship with client personnel and proactively responded to their requests; and
• Supervising and Leading audit engagements.

Taxation

• Analyze and implement updates and amendments issued through SROs to the Income Tax Ordinance, 2001, ensuring accurate application in all tax-related activities.
• Collect and review financial information and supporting documents from companies, NPOs, and individuals to ensure accuracy and compliance with the Income Tax Ordinance, 2001.
• Prepare and file annual income tax returns for companies, NPOs, and individuals, ensuring compliance with relevant provisions and optimizing tax positions where applicable.
• Review and respond to notices from tax authorities, providing necessary explanations, supporting documents, and addressing inquiries or audits on behalf of clients.
• Prepare and file tax exemption certificates and refund applications, facilitating clients in claiming eligible tax benefits and refunds.
• Draft and submit appeals against unfavorable orders on tax notices, representing clients in pursuit of favorable resolutions.
• Submit finalized returns and responses to notices within required deadlines, following up with tax authorities to confirm filings and address any post-filing clarifications.

• Updating and managing new entries in the HCM payroll system.
• Creating personal files for newly hired employees.
• Processing employee transfers in the HCM payroll system.
• Rectifying errors and editing employee details in the HCM payroll.
• Issuing employee identification cards.
• Preparing clearance forms for departing employees.
• Drafting experience letters for employees who have left the organization.