Kumail Abbas Khosa ACCA

Email: kakhosa@gmail.com

https://pk.linkedin.com/pub/kumail-abbas-khosa/39/a36/965

Skype ID: kumailabbaskhosa

Phone: Pakistan (M) 0092-333 387 5555

Pakistan (M) 0092-344 444 7035

A Chartered Certified Accountant targeting challenging assignments, for a senior professional, with a globally reputed

organization in order to achieve management vision and goals in planned and stipulated time frame.

Highly committed and accomplished Chartered Certified Accountant offering more than 4 years of insightful

experience in entire spectrum of Internal Audit, Assurance Services and Business Advisory Services; strong

business and financial acumen with entrepreneurial and analytical skills; ability to relate to stakeholders at all

levels of business and management; Possess valuable insights, keen analysis and a team approach to implement

best practices to achieve business excellence.

Currently associated with Deloitte Touche Tohmatsu, Pakistan in Audit & Assurance as a Senior Auditor from

August 2011.

Expertise in Accounting Operations, extensive experience in operations management with exposure to all

facets of accounts operations, specifically Financial and Management Accounting, Analysis (analysis of

financial statements and reports with a bird’s eye view to extract key insights for more informed corporate

decision making), Budgets, Compliance and Audit;

In-depth working knowledge of International Financial Reporting Standards (IFRS), Taxation,

International Standards on Auditing (ISA), US GAAP and Company Law;

A keen analyst with exceptional relationship management & negotiation skills including liaising with higher

management of clients audited, Joint Venture partners, Statutory Auditors, Taxation Authorities and other

departments of the company such as Legal Department and Technical departments;

Tolerant, soft and firm with excellent communication and interpersonal skills; and

Leadership / Supervision skills and experience as well as ability to perform independently with minimal

supervision.

CAREER RELATED SKILLS

Efficient Planning & Execution Skills

Finance & Accounts Management

Financial Analysis

Auditing (compliance) & Taxation

Internal Control Systems

EDUCATIONAL CREDENTIALS

Associate Chartered Certified Accountant (ACCA) from Association of Chartered Certified Accountant

(ACCA) in 2014.

CA from Institute of Chartered Accountant of England & Wales – Advanced level stage left.

Certified Accounting Technician (CAT) UK by the Association of Chartered Certified Accountant (ACCA).

TRAINING PROGRAMS ATTENDED

Various audit training courses conducted by Deloitte.

IFRS and US GAAP training courses conducted by Deloitte.

COMPUTER PROFICIENCY

Audit Software (AS-2) of Deloitte by Microsoft.

Almost four years of experience in Microsoft Word, Excel and PowerPoint

Four years’ experience in Deloitte audit methodologies

EXECUTIVE HIGHLIGHTS

Based on consistent above average performance in Deloitte, I was given the opportunity of leading teams on

multiple assignments for multinational clients in Pakistan.

PROFESSIONAL BACKGROUND

Deloitte Touche Tohmatsu, Pakistan (Aug 2011 – Present)

Career Path

Deloitte Touche Tohmatsu, Pakistan

Audit Senior (Aug 2012 – till now)

Semi Senior (Jan 2012 – July 2012)

Audit Trainee (Aug 2011 – Dec 2011)

Key Responsibilities:

Successfully conducted Audit engagements accordance with the International Standards on Auditing (ISAs) and

the local laws

Verified that the financial statements prepared by the management of the audited company were in

accordance with the requirements of Companies Ordinance, including International Financial Reporting

Standards (IFRS), and other applicable laws

Effectively planned and coordinated assignments to meet stringent deadlines

Supervised, trained and motivated teams members

Conducted business and audit risk assessment through client meetings, research and analysis, cumulative audit

knowledge and experience

Ensured compliance with the requirements of International Standards on Auditing and other Securities and

Exchange Commission requirements for audit engagements

Developed and maintained good business relationship with the client to deliver engagement expectations

Coordinated with professionals in various fields like legal, actuarial and IT

Evaluated internal controls, identified control deficiencies and made appropriate recommendations to the

management.

Applied management accounting techniques for evaluation of financial statements through various techniques

such as variance analysis, forecasting, trend analysis, ratio analysis etc.

Audited several Clients:

Financial Sector;

(1) Bank of Punjab,

(2) National Bank of Pakistan,

(3) NRSP Microfinance Bank,

(4) Akhuwat (Micro finance NGO),

(5) Trust Modaraba (Investment, Leasing, Mushariqa and Mudaraba Company).

Manufacturing:

(1) Al-Hamd Corporation Ltd,

(2) Shujabad Weaving Mills Ltd.

(3) Maqbool Textile Mills Ltd.

(4) Sunrays Textile Mills Ltd.

(5) Colony Mills Ltd.

(6) Trading Corporation of Pakistan (Pvt.) Ltd.

IT Companies:

(1) Alhamd Soft (Pvt.) Ltd,

(2) Blend Soft (Pvt.) Ltd.

Power & Energy:

(1) National Transmission & Despatch Company (NTDC) Limited, Pakistan

(2) Multan Electric Power Company (MEPCO)

Educational Institutes:

(1) Technical Education & Vocational Training Authority (TEVTA)

Internal Audit and Controls:

(1) Shan Food (Private) Limited.

(2) Multan Hide Company Limited

(3) Multan Flying club

Key Clients Handled in Pakistan:

Al-Hamd Corporation (Pvt) Ltd- Textile manufacturing (June 2013 & 2015)

In 2015, As a Job in charge responsible for entire audit – supervision of four team members

Responsible for planning the review engagement, performing the engagement in accordance with the

International Standards on Auditing and finalization of audit engagement; Responsible for the review of work

performed by field staff;

Discussion and meetings with various levels of client’s management;

Responsible for ensuring Financial Statements in accordance with International Financial Reporting Standards

and local requirements;

Audit of advances portfolio including Verification Advances and determination of provisioning requirement in

accordance with requirement of Prudential Regulation issued by State Bank of Pakistan.

Taxation-Recalculate current tax and deferred tax in accordance with the requirement of Income Tax

Ordinance, 2001 and applicable International Financial Reporting Standards.

Ensure that all disclosures are prepared in accordance with International Financial Reporting Standards and

local requirements

Blend Soft (Pvt) Ltd- IT Companies (June 2013 & 2015)

In 2015, As a Job in charge responsible for entire audit – supervision of four team members

Responsible for planning the audit engagement, performing the engagement in accordance with the

International Standards on Auditing and finalization of audit engagement; Responsible for the review of work

performed by field staff;

Discussion and meetings with various levels of client’s management;

Responsible for ensuring Financial Statements in accordance with International Financial Reporting

Standards and local requirements;

Taxation-Recalculate current tax and deferred tax in accordance with the requirement of Income Tax

Ordinance, 2001 and applicable International Financial Reporting Standards.

Al-Hamd Soft (Pvt) Ltd- IT Companies (June 2013 & 2015)

Responsible for planning the audit engagement, performing the engagement in accordance with the

International Standards on Review Engagement and finalization of audit engagement; Responsible for the

review of work performed by field staff;

Discussion and meetings with various levels of client’s management;

Responsible for ensuring Financial Statements in accordance with IFRS.

Bank of Punjab – Bank (Branch Audit) (December 2014)

Responsible for planning the branch audit engagement, performing the engagement in accordance with the

International Standards on Auditing and finalization of audit engagement; Responsible for the review of work

performed by field staff;

Discussion and meetings with various levels of client’s management (Branch);

Responsible for ensuring Financial Statements in accordance with International Financial Reporting

Standards and local requirements as applicable for banks;

Audit of advances portfolio including Verification Advances and determination of provisioning requirement in

accordance with requirement of Prudential Regulation issued by State Bank of Pakistan.

Shujabad Weaving Mills Limited – Textile Manufacturing (June 2014 & 2015)

Responsible for planning the review engagement, performing the engagement in accordance with the

International Standards on Review Engagement and finalization of review engagement; Responsible for the

review of work performed by field staff;

Discussion and meetings with various levels of client’s management;

Responsible for ensuring Financial Statements in accordance with International Financial Reporting

Standards and local requirements;

Audit of liabilities side of Balance sheet, including borrowings, deferred liabilities, trade and other payable, and

etc.

National Transmission & Despatch Company (NTDC) Limited, Pakistan (December 2013)

Responsible for planning the review engagement, performing the engagement in accordance with the

International Standards on Review Engagement and finalization of review engagement; Responsible for the

review of work performed by field staff;

Discussion and meetings with various levels of client’s management;

Responsible for ensuring Financial Statements in accordance with International Financial Reporting

Standards and local requirements;

Audit of liabilities side of Balance sheet, including borrowings, deferred liabilities, trade and other payable, and

etc.

Akhuwat – Micro Finance NGO (June 2013)

Responsible for planning the audit engagement, performing the engagement in accordance with the

International Standards on Auditing and finalization of audit engagement; Responsible for the review of work

performed by field staff;

Discussion and meetings with various levels of client’s management;

Responsible for ensuring Financial Statements in accordance with International Financial Reporting

Standards and local requirements;

Audit of advances portfolio including Verification Advances and determination of provisioning requirement in

accordance with requirement of Prudential Regulation issued by State Bank of Pakistan.

Multan Electric Power Company (MEPCO) (June 2013)

Responsible for planning the audit engagement, performing the engagement in accordance with the

International Standards on Review Engagement and finalization of audit engagement; Responsible for the

review of work performed by field staff;

Discussion and meetings with various levels of client’s management;

Responsible for ensuring Financial Statements in accordance with IFRS.

Responsible for substantive test of detail over Fixed Assets, Stock In Trade, Store spare & loose tools)

National Bank of Pakistan- Bank (Branch Audit) (December 2012)

Responsible for performing substantive test of detail on Administrative expense

Maqbool Textile Mills Limited-Textile manufacturing (June 2012)

Responsible for performing substantive test of detail on Borrowings, Finance cost, Sales, Administrative

expenses.

Responsible for performing test of controls and substantive procedures over Accrued Liabilities, Other

Receivables, Payroll, Loan and Advances & Distribution Expense

Sunrays Textile Mills Ltd - Textile Manufacturing (June 2011)

Responsible for performing test of detail on Other Assets, Cost of Goods sold, Administration Expenses &

Payroll.

Responsible for performing test of controls and substantive procedures over Accrued Liabilities, Other

Receivables, Payroll, Sales, Admin & Distribution Expense

Business Advisory Services

Shan Food (Private) Limited – FMCG (April 2013 to May 2013)

Responsible for performing internal audit assignment (Outsourcing).

Responsible for planning the engagement, performing the engagement in accordance with the

relevant framework and finalization of an engagement;

Identifying the controls and checking the implementation of controls.

Multan Hide Company Limited – Logistics (September 2013 to December 2013)

Implementation of COSO framework

Checking the effectiveness of internal audit function.

Multan flying club- flying tanning club (October 2014 to December 2014)

Planning and implementation of Internal audit plans.

Designing the detail audit procedures.

Checking the effectiveness of internal audit function.

Compilation and reviewing the work performed by staff.

PERSONAL DETAILS

Date of Birth: 7th. October, 1985

Languages Known: English & Urdu

Nationality: Pakistani.

Permanent Address: House # 36, Block # Z, Model Town, Dera Ghazi Khan, Pakistan

Location Preference: UK, US, Caribbean islands, Channel islands Asia, Gulf and Asia Pacific

Reference: Available upon request