MUHAMMAD IRFAN IRSHAD
Riyadh, Saudi Arabia
Email: cm_irfan_irshad@hotmail.com
Mobile: +966565811094
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CAREER OBJECTIVE
An audit, accounts and finance professional with CPA, CPIA, CA Inter and MBA Finance certifications and with more
than 08 years of proven track record in corporate finance, financial consultancy, bookkeeping and taxation as well as
exceptional proficiency in conducting internal/external audit, financial analysis and business investment projections,
seeking a challenging position to contribute financial expertise toward fostering excellence in financial health of the
organization.
EDUCATION
Certified Public Accountant
From Institute of Certified Public Accountants of Pakistan
Certified Public Accountant (Financial Accounting And Reporting)
From Institute of Certified Public Accountants of America (New Hampshire)
Certified Professional Internal Auditor
From Institute of Certified Forensic Accountants of Canada
Certified Internal Auditor (In Process)
From Institute of Internal Auditors of America
Chartered Accountant Intermediate
From Institute of Chartered Accountants of Pakistan
MBA Finance
From Virtual University of Pakistan
Bachelor in Commerce
From Punjab University of Pakistan
December 2010
(In Process)
July 2013
(In Process)
March 2010
December 2011
September 2005
PROFESSIONAL EXPERIENCE
Duration:
Designation:
01 June 2011 – Present
Group Senior Internal Auditor
Organization: EIRAD / UPS Express Riyadh Saudi Arabia
My responsibilities there are as follows:
 Compliance checking of Companies Internal Control policies, various laws including provisions of International
Accounting Standards, International Auditing Standards, Delegation of Authority and to remain updated with the
changes in accounting, auditing and other best practices in corporate and financial management.
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MUHAMMAD IRFAN IRSHAD
Riyadh, Saudi Arabia
Email: cm_irfan_irshad@hotmail.com
Mobile: +966565811094
 Establishing internal audit objectives, designing and implementing audit methodologies, processes and audit report
criteria.
 Prepare, manage and implement audit plan to ensure Company’s risk management compliance.
 Identifying, reporting, managing and evaluating company risk areas by following substantive and analytical audit
procedures.
 Manage and perform audit of all key areas of activities, including billing, operations, sales, accounts, HR and Admin
etc to ensure data accuracy and internal controls across all functions and operations of company and evaluating the
cost effectiveness and risks of all these operational areas.
 Physical verification of fixed assets/stocks at warehouses/centers located in different cities of the country.
 Preparation, implementation and management of Billing, Accounting and Sales Collection, and other business related
Policies and Procedures for the Company.
 Performing internal audit of different heads of accounts of Balance Sheet and Profit & Loss account.
 Monitoring and compliance check of following tasks:
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Verification of bank payment vouchers, cash payment vouchers, journal vouchers to authorize them for issue.
Review of monthly payroll and accrual entries.
Monitoring of daily billing of export and import invoices and its reconciliation with cash collection report against
the issued invoices.
Review of monthly cumulative balance analysis and international settlement reports.
Reviewing of month wise adjustment of intercompany transactions.
Reviewing month wise bank reconciliation statements.
Performing and auditing debtors and creditors aging analysis.
Verifying the fair preparation and presentation of financial statements prepared by accounts department.
Verification of the accounts balances mentioned in the financial statements through tracing the transactions in the
trial balance, ledgers, vouchers and other supporting documents.
In the light of latest issued audited financial statements verification of budgeted financial statements by allocating
the expected revenues and expenses of various ongoing and prospective projects.
 Reporting to management on the existence and effectiveness of the system of internal controls.
 In connection with the above mentioned tasks preparation of final report to be presented to the management, stating
observation, financial risk, potential risk, recommendations, management comment, supporting appendices and other
supporting documents. Reporting there in any misrepresentation, misapplication, manipulation, misappropriation or
embezzlement of any kind (if any) and maintaining an Audit Working Paper File as per requirements of
International Auditing standards to corroborate the evidence of the audit report prepared.
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MUHAMMAD IRFAN IRSHAD
Riyadh, Saudi Arabia
Email: cm_irfan_irshad@hotmail.com
Mobile: +966565811094
Duration:
01 May 2010 – 31 May 2011
Designation: Internal Auditor
Organization: Global Telecom Saudi Arabia Company Limited
My responsibilities there were as follows:
 Verification of engineering reports prepared by the engineering department with reference to the contract signed with
the customer.
 Compliance checking of customer agreement clauses, with the engineering reports prepared by the engineering
department and the invoices prepared by the accounts department.
 Verification of customer wise Weekly and Monthly Consolidated Sales Report.
 Verification of booking of customer wise sales accruals.
 Verification of customer wise reversal of sales accrual after issuance of invoices to customers.
 Investigating the number of invoices rejected by customers and the reasons of their rejection and to make
arrangements for their resubmissions after removing the deficiencies and to device set of rules and policies to avoid
such rejection in future.
 Verification of customer wise collection made against each accepted invoice.
 To have a check over bad debts and to verify the provision for doubtful debts.
 To verify the reasons and justifications of doubtful debts.
 To audit and report monthly actual amount being debited to Accounts Receivables and Credited to Sales.
 To verify the compliance of all the clauses of customer agreement such as payment terms, job codes, area codes, work
done narration, accurate date, amounts, figures and other important clauses etc
 To Verify and keep track of the installments payments and retention amount required to be claimed from the
customer.
 Preparing Reconciliation of Prepared but In Hand, Submitted and In Process invoices with the stage of their milestone
claimed along with their invoice value and claim value details.
 Preparation and verification of customer wise detail of accounts receivables aging.
 Verification of monthly opening and closing balances of accounts receivables.
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MUHAMMAD IRFAN IRSHAD
Riyadh, Saudi Arabia
Email: cm_irfan_irshad@hotmail.com
Mobile: +966565811094
 Analyzing and verifying monthly collections plans with the monthly collections achieved by sales department.
 Preparing efficiency in terms of percentage of each customer, each sales representative, each month and each
milestone.
 Compliance check of invoicing on the basis of correct milestone i.e. 1st 50% payment, 2nd 40% payment or final 10%
retention payment, hence checking avoiding of duplication or wrong charging of each milestone.
Duration:
14 December 2005 – April 2010
Designation:
Organization:
External Auditor
Riaz Ahmad and Company, Chartered Accountants
Islamabad
My responsibilities there were as follows:
 Independently Conducted/participated in the various internal audit/ external audits/consultancy and taxation
assignments.
 Preparation of Audit reports, Audit files including Permanent File and Audit Working Paper File as per
requirements of International Auditing standards.
 Preparation of Income tax returns and wealth statement of various Companies and individuals and submitted it to
Income Tax Authorities.
 Prepared Balance Sheet, Profit and Loss Account, Cash Flow Statement, and Statement of changes in equity and
Notes to the accounts of various clients.
 Verifying the fair Preparation and presentation of financial statements by tracing the accounts balances mentioned in
the financial statements through trial balance, ledgers, vouchers and by getting external confirmation from debtors,
legal and tax advisors.
 Compliance checking of Companies Internal Control policies, various laws including provisions of International
Accounting Standards, International Auditing Standards, Applicable Corporate and Income Tax laws.
 Verification of the accounts balances mentioned in the financial statements through tracing the transactions in the trial
balance, ledgers and vouchers.
 Taking third party confirmation about company’s account balances such as getting external confirmation from
debtors, legal and tax advisors.
 Performing debtors and creditors aging analysis.
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MUHAMMAD IRFAN IRSHAD
Riyadh, Saudi Arabia
Email: cm_irfan_irshad@hotmail.com
Mobile: +966565811094
 Was exposed to Manufacturing, Construction, Banking, Telecom, Real estate, Government, Semi Government and
Social sectors (NGO’s, Hospitals etc) for the purpose of external audit, internal audit, financial consultancy, taxation
and corporate requirements compliance.
 Verification on sample basis of bank payment vouchers, cash payment vouchers, journal vouchers and other
supporting documents.
 Verification on sample basis of accrual entries, bank reconciliation statements and intercompany transactions.
 In the light of latest issued audited financial statements verification of budgeted financial statements by allocating the
expected revenues and expenses of various ongoing and prospective projects.
 Performed stock count and cut off at various clients as on year end date.
 Performed bookkeeping accounts receivable, accounts payable, income, expenses, and GL Head of accounts at
various clients of the company.
SPECIAL ASSIGNMENTS WHICH ADDED ALOT TO MY EXPOSURE AND SKILLS
Handled following assignments independently:
 Prepared Feasibility Report of Spanish Based Fast Food Chain Sr Patata for opening its franchise across
Kingdom Of Saudi Arabia and with reference to its setup in Saudi Arabia performed following tasks;
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Preparation and calculation of Initial Investment requirements.
Calculation and allocation of Capital and profit sharing percentage of partners.
Calculation of Royalty Payable to Sr Patata Spain.
Rendering complete technical and professional assistance and consultation for opening the first franchise in
Riyadh Saudi Arabia.
Prepared formats of Daily/Weekly/Monthly/Annual Financial Statements, Sales data and inventory report.
Physically tagged the franchise inventory purchased.
Prepared fixed assets schedule for all the cooking equipment, machinery, computers, furniture and fixtures
purchase and installed for the outlet.
Prepared pricing and costing structure for the franchise.
Prepared Chart of Account for the franchise.
Prepared food items inventory consumption schedule, economy order quantity of raw food items to be purchased
and formats showing the turnover frequency of raw food items and schedule of normal and abnormal losses
incurred in the outlet.
 Markup calculation of Agricultural Development Bank of Pakistan as per terms of reference of Government of
Pakistan.
 Preparation of Fixed Assets Codification Scheme for DV TELECOM Limited.
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MUHAMMAD IRFAN IRSHAD
Riyadh, Saudi Arabia
Email: cm_irfan_irshad@hotmail.com
Mobile: +966565811094
 Preparation of daily reports of export and local sales of cement and their weekly and monthly reconciliations
statements for All Pakistan Cement Manufacturing Association.
 Internal audit and Special assignment of 100% stock count of Toyota Islamabad Motors Pakistan and Kohinoor
Textile Mills Limited Pakistan.
 Performed Cutoff and stock count of various public and private sector clients as on the cutoff dates.
COMPUTER SKILLS
 Well versed in almost all packages of MS Office Suite especially:
1. MS Excel
2. MS Word
3. MS PowerPoint
 Well versed with following Accounting Software packages:
1. SAGE ACCPAC
2. ORACLE FINANCIAL
3. QUICK BOOKS
4. PEACH TREE
DEVELOPED ABILITIES
 Team player having ability to work independently and move and guide the team to right direction.
 To work under pressure and generally produce good results.
 Self motivated and result oriented individual with sound knowledge and understanding of principles underlying good
planning, implementation and control aspects of financial management.
 Ability to quickly adapt myself with the working environment of a new and large organization.
PERSONAL INFORMATION
Birth Date
Gender
Nationality
Visa Status
Residence Location
Marital Status
Driving License
Languages Known
: 04 November 1984
: Male
: Pakistan
: Residency Visa (Transferable)
: Riyadh, Saudi Arabia
: Single
: Saudi Arabia and International
: English, Urdu & Arabic
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