Mohammed Yawar Memon

Auditing:

• Worked on audit engagements for a leading client in the plastic manufacturing sector, ensuring compliance with IND AS, including detailed inventory counts and physical verification of assets.
• Handled audits for unlisted and private service clients, adhering to US GAAP and IGAAP standards.
• Prepared comprehensive audit reports and Letters of Representation (LOR).
• Prepared audit work papers for various P&L and Balance Sheet areas including payroll, borrowing costs, operating expenses, receivables, payables, treasury, fixed assets and share capital.
• Conducted substantive testing, including test of details and control testing, to verify the accuracy and completeness of financial statements.
• Determined materiality thresholds for audits and assessed the impact of identified misstatements on financial statements.
• Performed fraud risk assessment procedures and ensured compliance with regulatory standards.
• Executed walkthrough of key business processes to understand and document control environments and identify potential risks.
• Performed data analysis to identify discrepancies between actual results and expectations.
• Collaborated with external auditors during annual audits to provide necessary support documentation.
• Attended and participated in meetings and brainstorming sessions with team members.
• Coordinated with team members to ensure timely completion of audit tasks and resolution of issues.
• Worked on tax audits, ensuring compliance with relevant tax laws and regulations.
• Earned Spot Award for outstanding performance and contribution to audit projects.

US Desk Responsibilities:

• Summarized and circulated PCAOB (Public Company Accounting Oversight Board) reports within the firm, enhancing team awareness of key regulatory updates and findings.
• Managed the tracking of requests raised by the US Desk, ensuring timely responses and efficient workflow.
• Maintained the accreditation tracker, ensuring up-to-date records of all required accreditations for the members working on US engagements.
• Allocated licenses for US training accreditation, facilitating compliance with professional development requirements for staff members.