M. Waqas

Assistant Manager Group Accounts

Master Group of Companies • Tiempo completo

Oct 2025 - Present • 7 mos

Directed the end-to-end monthly and annual financial close processes, ensuring absolute adherence to IFRS/SOCPA standards and maintaining the integrity of the general ledger. Produced and critically reviewed comprehensive statutory financial statements (Balance Sheet, Income Statement, and Cash Flow) and critical managerial reports for board-level presentation. Managed all external audit engagements and acted as the primary liaison, guaranteeing seamless coordination and full organizational adherence to all local tax (Zakat & Tax) and financial regulations. Designed, implemented, and rigorously maintained a framework of robust internal controls over financial transactions to ensure data reliability and effective risk mitigation. Conducted in-depth periodic variance analysis (Actual vs. Budget) to generate and present actionable strategic insights to senior leadership regarding performance drivers. Led continuous process improvement initiatives, focusing on automating routine accounting functions and optimizing the effective utilization and configuration of the Enterprise Resource Planning (ERP) system.

Senior Auditor

Kreston Hyder Bhimji & Co. Chartered Accountants • Tiempo completo

Oct 2022 - Oct 2025 • 3 yrs

Core audit and assurance: Spearheaded audit engagements for clients with annual revenues exceeding PKR 50 billion, ensuring the timely delivery of audit reports and zero post-review adjustments. Assessed design and operating effectiveness of internal controls, identified gaps, and recommended actionable improvements to clients’ processes. Prepared financial statements compliant with IFRS and local regulatory standards. Utilized advanced audit software, including Smart Audit and 1audit, to streamline audit workflows, automate documentation, and enhance accuracy in testing and reporting procedures. Developed customized audit programs for high-risk areas such as revenue recognition and inventory valuation, improving audit efficiency and depth. Maintained regular communication with managers and partners on audit progress, risk matters, and key findings. Conducted first-level review of financial statements and supporting documentation; coordinated partner-level reviews. Delegated and monitored audit tasks, reviewed workpapers, and provided on-the-job training to junior staff. Ensured strict adherence to the firm’s risk management policies, independence standards, and quality control procedures. Other assurance services: Performed Agreed Upon Procedures (AUP) engagements, executing client-defined checks and preparing factual reports to support management or regulatory decisions. Reviewed and validated specific financial and operational areas, identifying discrepancies and recommending improvements where applicable. Sectors Audited: - Textile Sector - Logistics and transportation Sector - IT Sector - Pharmaceuticals - Agriculture Sector - Non - Profit Sector