Ilham Nazar
Colombo, Sri Lanka
Summary
Experienced Internal Auditor with a demonstrated history of working in the Manufacturing, FMCG, Media, Retail, Trading, ICT, Health care and Hospitality industries. Hands on experience in reviewing internal controls and identifying control gaps, process walk through, work studies and risk management. Currently following CPA Sri Lanka. A fluent communicator with strong investigation skills, seeking a long-lasting career in in Accounting and Audit & Assurance with desire to make things better and finding loops in internal control systems and creating sustainable solutions.
Overview
8
8
years of professional experience
1
1
Certification
Work History
ASSISTANT MANAGER - INTERNAL AUDIT
NOLIMIT SRI LANKA
04.2023 - Current
- Develop and update Standard operating procedures (SOP) for showroom/outlets and for supporting departments such as Finance, Procurement, Merchandizing, HR and Marketing etc.
- Assist the Internal Audit Manager with planning of the audit engagements and ensures the timely execution and completion of the audit engagements. Prepare audit plan weekly, monthly, the quarterly and yearly basis for the company.
- Review the effectiveness and efficiency of the Internal Control System and implement corrective action. Review findings and design gaps identified against best practices.
- Identify situations that increase probability of fraud occurrence. Consider the potential for fraud risks in the assessment of control design. Determine audit procedures for evaluating potential for occurrence of fraud. Participate in fraud investigations which involve break down in key financial controls.
- Plan and monitor regular outlet visit schedule of an audit team and report to Internal Audit Manager, also visit showrooms random basis every month and find control weakness and provide recommendation on improving the showroom processes.
- Review the staffs audit working papers and ensures that all working papers are filed properly and in complete order before submission to the Internal Audit Manager for review.
- Review characteristics of financial statements. Calculate key ratios from a company’s financial statements. Understand implications of key ratios from a company’s financial statements. Appreciate major components of a financial balance sheet
- Plan, coordinate and conduct annual inventory count for the company including 24 outlets, online store and main warehouse. Assigning audit staff and guiding them on count. Reconciling stock count and identifying variances and reporting to Senior Management.
INTERNAL AUDIT EXECUTIVE
CAPITAL MAHARAJA GROUP
09.2018 - 12.2022
- Developed end to end Audit Programs independently to assess internal risks and controls across 5 operating segments including Media, Manufacturing, Marketing Agency; Performed tests and reviewed audit findings to ensure adherence to compliance to group policy, regulatory requirements and risk protocols within the segment.
- Performed data analytics to identify unusual patterns or trends in financials, operational activities, investigated unusual findings and recommended control strategies to the management.
- Carried out forensic audits to investigate potential fraudulent activities in Media and Advertising segment of the group and contributed in relevant legal forums representing the internal audit unit of the group.
- Performed unscheduled audits and investigations as requested by the Audit Committee, management or other parties of interests. Reported findings independently to the related parties and participated in developing remediation plans, as appropriate.
- Developed self-initiated programs to identify cost mismanagement in digital marketing activities across 14 group companies and reported findings to the Head of Audit. Due to the significance of the findings, program was built into the internal audit control system as an inherent procedure.
- Conducted and coordinated physical inventory counts, asset verification and quality control checks at manufacturing plants in the group. Provided report on verification findings highlighting the dispute areas and recommended schemes to rectify.
- Supervised and guided a team of junior auditors in developing audit programs and conducting investigations.
INTERNAL AUDIT TRAINEE
CAPITAL MAHARAJA GROUP
07.2017 - 08.2018
- Experienced SAP which is an international ERP solution (Covering modules such as FI, PM, MM, PP and CO)
- Carried out audits of financial statements by evaluating monthly account balances with ledger, checking the accuracy of ledger postings, calculations, application of accounting standards and tax provisions
- Carried out system audits for individual accounting processes of the overall accounting system. Preparing flow charts and analyzing the system with a view to improve process and procedural efficiency
- Carried out stock verification, spot cash counts in Group companies and providing reports to management indicating weaknesses in the process.
CONSULTANT - INTERNAL CONTROLS
M.A.S ASSOCIATE
05.2017 - 07.2017
- Drafted and implemented internal controls that focuses on appropriate authorization for fund disbursement and recording of transactions and establishing internal limits on fund authorization.
- Proposed controls related to payroll disbursements, authorization, related tax payments and documentation
- Established and implemented controls regarding fixed assets acquisition, disposals and ensuring they are adequately maintained and recorded duly
- Assisted in improving the controls relating to inventory management including procurement, warehousing and delivery of inventory to outlets, recording inventory movement and wastage management.
EXTERNAL AUDIT ASSOCIATE
PRICEWATERHOUSECOOPERS (PWC)
03.2016 - 05.2017
- Examined financial statements to ensure accuracy, fairness and compliance to applicable standard such as LKAS and statutory regulations
- Inspected accounting systems and reports for efficiency and use of accepted accounting procedures such as IFRS
- Carryout walk through test and test of controls to identify Risks, Control weakness and Areas of Improvement
- Assessed and analyzed financial operations and make best-practices recommendations to management.
- Formulation and Finalization of Audited Financial Statements and Cash flow statements of the reported entities timely.
Education
BBA - International Business (Special)
University of Colombo
01.2017
Professional Level of Certified Public Accountancy (CPA Sri Lanka) -
The Institute Of Certified Public Accountants
Skills
- RISK MANAGEMENT & ASSURANCE
- BUSINESS PROCESS IMPROVEMENT
- FORENSIC AUDITING
- AUDIT PLANNING & EXECUTION
- FINANCIAL AUDITING
- FINANCIAL ANALYSIS
- REPORT WRITING
- PROFESSIONAL SKEPTICISM
- TEAMWORK
- COMMUNICATION
- TIME MANAGEMENT
Certification
- Certificate in Computerize Accounting (2017) Accpac, Tally9.0, M.Y.O.B17, Quick Book2010
- Certificate of Proficiency in English (02/2014 – 06/2016) Certificate for Business English at University of Colombo
- Certificate in Developing Leadership Qualities (12/2013 – 01/2014) Minister of Higher Education Sri Lanka
Accomplishments
- Gold Medal for the Best Student Commerce Stream in 2012
- Gold Medal for the Highest Z-Score (GPA) in Advance Level Examination in 2012
- Vice President Commerce Club (2011 - 2012) (2017)
Organizations
- IBM World Trade Corporation, Sri Lanka (IT)
- Brandix Apparel Ltd (Apparel Manufacturing)
- Shin Nippon Lanka (PVT) LTD (Construction)
- Hotel Galadari (Hospitality and Tourism)
- MullenLowe Sri Lanka (Advertising Agency)
- Dinemore Pvt Ltd
- MTV Channel (Pvt) Ltd (Media and Broadcasting)
- Harcros Chemicals (Pvt) Limited (Agro Chemical Manufacturing)
- Sparks Innovations (Pvt) Ltd (Advertising Agency)
- PE Plus (Private) Limited (Water Tanks, Ceiling Sheet Manufacturing)
- MBC Networks (Pvt)Ltd (Broadcast Media)
- Fox Resorts (Hospitality)
- Nolimit Sri Lanka (Textile and apparel)
References
- Mr. Siwanka Jayasinghe, Group Internal Audit Manager, Tappoo Group of Companies Fiji, siwankaj@tappoo.com.fj, (+679) 650 0199
- Ms. Supuni Tharushika Kiriella, PwC Australia- Senior Associate, supuni.b.kiriella@pwc.com, +61488794012
Timeline
ASSISTANT MANAGER - INTERNAL AUDIT
NOLIMIT SRI LANKA
04.2023 - Current
INTERNAL AUDIT EXECUTIVE
CAPITAL MAHARAJA GROUP
09.2018 - 12.2022
INTERNAL AUDIT TRAINEE
CAPITAL MAHARAJA GROUP
07.2017 - 08.2018
CONSULTANT - INTERNAL CONTROLS
M.A.S ASSOCIATE
05.2017 - 07.2017
EXTERNAL AUDIT ASSOCIATE
PRICEWATERHOUSECOOPERS (PWC)
03.2016 - 05.2017
BBA - International Business (Special)
University of Colombo
Professional Level of Certified Public Accountancy (CPA Sri Lanka) -
The Institute Of Certified Public Accountants
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