Address: Al-khobar, Saudi Arabia, Cellphone: +966 56 119 4018 (Viber and Tango)
Email: mohamedelsaidcia@yahoo.com, Skype: Mohamed_Elshennawy
Mohamed Elshennawy
Objective/Summary
I am seeking a position in sectors of Accounting, Internal Audit, Risk Management, and Financial Control. I have an extensive and in depth insight of the
business environments in Europe, Egypt and Gulf Cooperation Council (GCC) counties, in addition to excellent financial, computer, teamwork, reports
writing skills, leadership and communication skills and exposure to various industries (Petrochemical, Oil & GAS, Steel, Manufacturing, Insurance, Real
Estate, Health Care Provider, Construction, Contracting, and Trading & Services). My main achievement through identifying key financial and
operational risks/risk drivers and through recommending the adequate controls to mitigate these risks and control weaknesses, is to save/decrease costs,
create opportunities and increase additional revenues for my clients/employers. Responsible for all aspects of the engagements, from budgeting to billing
to completion of the engagement. I have transferable permit residence in Saudi.
Education and Academic Qualifications
THE INSTITUTE OF INTERNAL AUDITORS (IIA)
FL., USA
CRMA (Certified in Risk Management Assurance), Certificate No.: 2879
July 2012
THE INSTITUTE OF FINANCIAL CONSULTANTS (IFC)
Vancouver, Canada
CFC (Certified Financial Consultant), Certificate No.: 16207
July 2011
INFORMATION SYSTEMS AUDIT AND CONTROL ASSOCIATION (ISACA)
IL., USA
THE INSTITUTE FOR INTERNAL CONTROLS (IIC)
NJ., USA
CRISC (Certified in Risk and Information Systems Control), Certificate No.: 1110996
July 2011
CICA (Certified Internal Controls Auditor), Certificate No.: 10092490
September 2010
THE INSTITUTE OF INTERNAL AUDITORS (IIA)
FL., USA
CIA (Certified Internal Auditor), Certificate No.: 54263
May 2005
ALEXANDRIA UNIVERSITY, FACULTY OF COMMERCE
B.Sc., Grade “Good“, Auditing & Accounting Branch
Alexandria, Egypt
CERTIFICATED PUBLIC ACCOUNTANT (CPA) CANDIDATE
Active member of SARBANES OXLEY COMPLIANCE PROFESSIONALS ASSOCIATION (SOXCPA)
CERTIFIED SARBANES–OXLEY EXPERT (CSOE) CANDIDATE
1992 – 1996
NH., USA
Washington, D.C., USA
Participation/Awards
THE INSTITUTE OF INTERNAL AUDITORS (IIA) – The IIA ITEM WRITING
FL., USA
CIA (Certified Internal Auditor) Exam Writer
PRICEWATERHOUSECOOPERS (PwC)
Internal Audit Matters Campaign Champion
2011
Saudi Arabia and Bahrain
October 2011 – present
Professional Experience
PRICEWATERHOUSECOOPERS (PwC)
Manager, “Risk Assurance Services” (RAS)
Assistant Manager, “Risk Assurance Services” (RAS)
Major Achievements:
Al-Khobar, Saudi Arabia (KSA) and Bahrain
October 2011 – present
August 2009 – September 2011
• Lead Internal Audit Services in PwC Al-Khobar and Bahrain offices.
• Internal Audit Matters Champion in Saudi Arabia and Bahrain offices.
• Industry experience: Oil & Gas, Petrochemical, Pulp & Paper, Real Estate, Construction, Contracting, non-for-profit organization, Health Care
provider, Financial Institution, Energy & Utilities, Public University, Government sectors etc
Areas of Experience
 Main duties (Internal Audit)
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Co-develop expectations of Internal Audit projects.
Identify, assess, and prioritize business risks based on their impact analysis.
Supervise the Development of Internal Audit Plans and Internal Audit Programs based on a prior risk assessment.
Supervise the Execution of Audit and field work.
Review of Internal Audit reports, presenting Audit findings to Audit Committees and Board of Directories (BoD).
Type of projects
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Co-sourcing of the IA function
Set up of Internal audit functions (policies, procedures and audit standards)
Business processes and Internal Control assessment
Fraud Controls Assessment and Improvements
FCPA assessment
Fraud Investigation
Sarbanes-Oxley compliance assessment
Compliance audits (internal policies and regulations, legislative requirements, etc.)
IT General controls assessment
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Address: Al-khobar, Saudi Arabia, Cellphone: +966 56 119 4018 (Viber and Tango)
Email: mohamedelsaidcia@yahoo.com, Skype: Mohamed_Elshennawy
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Mohamed Elshennawy
Corporate Governance
Fund Risk-based internal control Assessment
Enterprise Risk Assessment (financial, operational, and compliance)
Internal Control Evaluation (based on COSO Framework)
Control Self Assessment (CSA)
Contract Risk Services (CRS)
International Financial Reporting Standards (IFRS)
Sovereign Wealth Funds (SWFs) and the “Santiago Principles”
Technical and Theoretical Knowledge
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Professional knowledge of US GAAP, IFRS accounting rules, US Tax, US GAAS and Sarbanes-Oxley (SOX sections 302 and 404)
Strong technical and comprehensive knowledge of financial reporting and business operation risks including those relating to fraud
Expert knowledge of IIA standards and practices (International Professional Practices Framework)
Knowledge of the COSO framework of internal controls
Systems Experience
• SAP: Financials / Controlling (FI/CO), Human Resources (HR), Materials Management (MM), Production Planning for Process Industries
Module (PP), and Sales & Distribution (SD)
• Activity Based Costing (ABC) System
• Audit and Data Mining Tools: Audit Command Language (ACL), Business Process Profiler (BPP), and Audit Work Station (AWS)
• Auto Audit (GRC), CCH TeamMate
Major clients served:
Europe:
• Perstorp Specialty Chemicals AB – Sweden
• HELM AG – the Federal Republic of Germany
• Keller Group Plc – UK
• Promethean Limited – UK
Bahrain:
• Ministry of Municipalities Affairs and Urban Planning – [government sector]
• Motherwell Bridge “MB”, a subsidiary of Kuwait Finance House (Bahrain) B.S.C. (c) (“KFH”)
• J Equity Partners B.S.C. (c). – Capital Investment firm (listed in Bahrain stock market)
• Bahrain Real Estate Investment Company B.S.C.(c) – “Edamah” [semi government sector]
• Social Insurance Organization & Asset Management Company (SIOAMC) [Insurance and Asset Capital sector]
Saudi Arabia:
• Saudi Arabian Oil Company – Saudi Aramco [Oil & Gas sector]
• Saudi Aramco Shell Refinery Company (SASREF) – Saudi ARAMCO subsidiary [Oil & Gas sector]
• National Industrial Gases Company (GAS) [Oil & Gas sector]
• Dr. Fakhry & Al-Rajhi Hospital [HealthCare provider sector]
• Procare Riaya Hospital [HealthCare provider sector]
• King Fahad University of Petroleum & Minerals (KFUPM) [Education and Oil & Gas sectors]
• JENAN Real Estate Company [Real Estate and Contracting sector]
• King Abdullah City for Atomic and Renewable Energy (KA–CARE)
• Power and Water Utility Company for Jubail & Yanbu (MARAFIQ) [Power and Utilities sector]
• Methanol Chemicals Company Ltd. (CHEMANOL) [Petrochemical sector]
• Arab Paper Manufacturing Company (WARAQ) [Pulp and Paper sector]
• SHUAA Capital psc [Capital Investment sector]
• HEBA Fire & Safety Co. Ltd. [Fire and Safety sector]
• Basic Chemical Industries (BCI) [Petrochemical sector]
• HEBA Fire Fighting Equip. Mfg. Co. Ltd. [Fire and Safety sector]
• Saudi Marketing Company (SAMCO) [Retail, Trading, and Import]
ERNST & YOUNG (EY)
Assistant Manager, “Business Risk Services” (BRS) – “Internal Audit and Risk Management related”
Team Leader, “Business Risk Services” (BRS)
Assistant Team Leader, “Business Risk Services” (BRS)
Major Achievements:
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Al-Khobar, Saudi Arabia (KSA)
July 2008 – July 2009
July 2007 – June 2008
March 2006 – June 2007
Pioneer and founder of Internal Audit Services in E&Y Al-Khobar office.
Champion of Supply Chain process.
Champion of Capital project process.
Industry experience: Steel, Fire & Safety, petrochemicals.
Areas of Experience - Internal Audit
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Co-developing expectations of Internal Audit projects.
Identification, assessment, and prioritization of business risks based on their impact analysis.
Development of Internal Audit Plans and Programs based on a prior risk assessment.
Execution of Audit and field work.
Preparation of Internal Audit reports.
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Address: Al-khobar, Saudi Arabia, Cellphone: +966 56 119 4018 (Viber and Tango)
Email: mohamedelsaidcia@yahoo.com, Skype: Mohamed_Elshennawy
Mohamed Elshennawy
Major clients served:
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HEBA Fire & Safety Co. Ltd.
HEBA Fire Fighting Equip. Mfg. Co. Ltd
Al-Ittefaq Steel Products Company (ISPC)
Direct Reduced Iron Company (DRIC)
National Steel Company Limited (NASCO)
Al-Faisal Steel Products Company (FSPC)
Saudi ReadyMix Company (Alturki Group)
Supply Management Organization (SMO) in Saudi Arabia Basic Industries Company (SABIC)
Saudi Petrochemical Company (SADAF)
Eastern Petrochemical Company (SHARQ)
National Industrial Gases Company (GAS) [Oil & Gas sector]
National Methanol Company (IBN SINA)
Saudi Methanol Company (AR-RAZI)
Yanbu Petrochemical Company (YANPET)
Arabian Industrial Fibers Company (IBN RUSHD)
Abdulaziz Al-Fozan Trading Est.
Saudi Research & Marketing Group (SRMG)
Arab Paper Manufacturing Co. Ltd. (WARAQ)
Methanol Chemicals Company Ltd. (CHEMANOL)
EGYPTIAN TAX AUTHORITY
Tax Supervisor, Anti-Evasion Tax Division (Head Office)
Alexandria, Egypt
January 2004 – December 2005
• Lead forensic team penetrated books and records and identify tax liabilities when corporations committed tax evasion.
• Review financial documents, including budget planning, spending records, receipts, investment records and revenue projections. Follow financial
paper trails and document the amount of money individuals or businesses received to calculate the amount of taxes owed. Verify if money was
spent accordingly and accurately reported to the tax authority.
• Conduct Tax Investigations, if there are unexplainable discrepancies concerning the amount of revenue received and the amount of taxes paid.
Tax Supervisor, Center of Information and Support Decision Taking (Head office)
November 2002 – December 2005
• Participate in conducting a research and drafting Egyptian Tax Reform document (in 2004) to change the tax law to reduce rates and improve tax
collection.
• Develop the amending of the tax laws and customs tariffs through considering OECD standards.
Areas of Experience
• Extensive knowledgeable with Egyptian Tax, US Tax (forms 1040, 1065, 1120 etc.), and OECD standards.
Major clients served
• Various Egyptian, Joint Ventures, European and American companies operating in Egypt.
NATIONAL INSURANCE AUTHORITY
Senior Insurance Internal Auditor
Alexandria, Egypt
May 1997 – October 2002
• Lead internal audit projects over the following areas according to the Egyptian insurance regulations and US insurance principals developed by
US Insurance Institute of America (IIA).
Commercial Insurance (66 months)
May 1997 – October 2002
- commercial property, business income, commercial crime, equipment breakdown, inland and ocean marine, commercial general liability,
commercial auto, business owners, farm, workers compensation and employers liability, and miscellaneous coverage
Property and Liability Insurance (42 months)
May 1999 – October 2002
- financial performance of insurers, claims, insurance contracts, property loss exposures and policy provisions, liability loss exposures and
policy provisions, and risk management
Personal Insurance (32 months)
March 1999 – October 2001
- automobile insurance; personal auto policy: liability, medical payments, physical damages, duties after an accident, and endorsements; other
personal property and liability insurance; life insurance planning; retirement planning; disability and health insurance planning
Practical Training
PRICEWATERHOUSECOOPERS (PwC)
Al-Khobar, Saudi Arabia (KSA)
Construction Audit – PwC summer school
Fraud Risk Assessment – PwC summer School
Banner System version 8.6 – Accounting Module
Internal Audit and Corporate Governance
Assurance Risk Summer School (Strategy Overview, IFRS Update, Independence, Soft skills training, PwC Proposals and Risk & Quality)
Transform Methodology (extends from Assess, Design, Construct, Implement through to Operate & Review)
CCH TeamMate (Audit Management System)
ERNST & YOUNG (EY)
August 2012
August 2012
January 2012
November 2011
July 2010
January 2010
December 2009
Al-Khobar, Saudi Arabia (KSA)
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Address: Al-khobar, Saudi Arabia, Cellphone: +966 56 119 4018 (Viber and Tango)
Email: mohamedelsaidcia@yahoo.com, Skype: Mohamed_Elshennawy
Mohamed Elshennawy
Supply Chain & Operations Transformation course
GRC training (on terminologies, features and functionalities)
Experienced Hires course (on risk assessment and internal audit)
Presentation Skills
AutoAudit train the trainer execution training in Bahrain.
Internal Audit Methodology–AWS Audit Tool “audit-relevant data analysis uses Audit Command Language (ACL)”.
January 2009
December 2008
August 2008
May 2008
May 2007
June 2006
EGYPTIAN TAX AUTHORITY
Alexandria, Egypt
NILE BANK
Alexandria, Egypt
Organization for Economic and Development '' OECD '' Multinational Tax Network, International Tax Evasion and Avoidance
E–Government (Tax Service) and Financial Statements & related Accounts Inspection Method
Trainee as a Banker
June 2004
March 2005
Summer 1994
Personal
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Nationality: Egyptian
Languages: Arabic and English
Married, 1 baby boy (almost 6 years), and 1 baby girl (almost 2 year)
Traveling: USA (Valid visit visa till Feb. 2015), Germany, Sweden, Bahrain, UAE, and Turkey
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