Ibrahim Elkolally

Professional Experience

October 2019 –Present-Fathy Said Chartered Accountants CPA Firm, Egypt, Cairo
Audit manager

Establishing and implementing office Audit methodology.

Conducts assigned audit engagements throughout audit phases starting from-planning till execution & reporting.

Direct audit team to conduct a risk based audit engagements.

Supervises audit team providing guidance of required engagements deliverables.

Communicates assigned tasks to engagement team in a manner to ensure effective and efficient audit process.

Identify and communicate audit engagements inherent or business risk areas and their planned audit procedures to the audit team.

Develops audit programs and testing audit procedures based upon identified significant accounts assessment of risks of material misstatement.

Ensure that audit team obtained appropriate audit evidence audit engagements based upon identified significant accounts assessment of risks of material misstatement.

Ensure audit conclusions are well- documented in the working papers.

Communicate audit findings to charged with governance.

Ensures audit report opinion is based on audit evidence obtained and conclusion reached.

November 2008 – November 2018- Ernst Young EY, CPA Firm, Egypt, Cairo
Acting as assistant manager

Perform audit of several high profile clients (i.e. Investments, Securities, construction and industry) and express opinion on the Financial Statements and its’ related disclosures in accordance with International.

Financial Reporting Standards, Generally Accepted Accounting Standard.

Improve the efficiency and effectiveness of audit engagements by Conducting data analytical audit procedures throughout EY data analytical tools :EY global analytics /EY Eagle/EY audit analytical modules

Conducting and supervision of audit process phases starting from-planning till execution & reporting using “Canvas and previously Caseware audit software.

Reporting directly to executive managers and partners in auditing engagements.

Develop an understanding of Client’s needs & expectations.

Identify audit team’s goals objectives & roles.

Carry out audit planning events ( i.e. prepare engagement letter, Identify / update list of significant accounts, Overall analytical review, prepare General Audit Procedures, Assess Internal Controls at the Entity Level and the Risk of Fraud, Perform Test of Controls, Prepare Combined Risk Assessment Summary, perform test of controls summary for any errors noted in walkthroughs or testing of controls, and review for any exceptions and fill all the planning forms to meet Global Audit Methodology ) .

Perform audit procedures based on audit program set on planning, Financial Statements Preparation and Review, Prepare the management letter, supervise the audit team, to ensure that they execute the audit process properly and review their work before submitting to Audit partner.

Perform and in charge of the consolidation process concerning the audit work and preparation of Financial Statements in accordance of IFRS and EAS.

Conducting IFRS conversion engagements services. “Perform conversion adjusting entries- perform IFRS financial statements.

Perform agreed upon procedures assignments and report it to high level management.

October 2005 – October 2008: Mazars, CPA Firm, Egypt, Cairo
Senior Auditor

Responsible of a large portfolio of clients and maintaining professional relationships with clients’ management and personnel.
Design the Audit Plan and Strategy for the new and continuing clients.
Review the effectiveness and efficiency of internal controls.
Performing Analytical Procedures in the Planning / fieldwork work /wrap-Up.
Daily fieldwork supervision and guidance for the audit staff on their assigned engagements, ensure that all working papers are properly prepared and retained, and evaluate performance and competencies.
Analyze audit risks and design audit program to address the identified risks.
Suggesting accounting treatments accordingly to the Egyptian and IFRS accounting standards.
Consolidating Financial Statements for the Clients group of subsidiaries.

March 2003 – September 2005: AL Maazzawy Consultants Accountants& Auditors CPA Firm, Egypt, Cairo
Senior Auditor

Support the planning, execution and delivery of assurance engagements
Conducting audit engagements based upon office methodology.
Work effectively as auditor in charge, sharing responsibility, providing support, maintaining
communication and updating senior team members on progress.
Assist in preparing reports and schedules that will be delivered to clients and other parties.

Perform accounting and auditing functions of financial statements in accordance with International Financial     Reporting Standards (IFRS) and Egyptian accounting Standards (IAS), on field engagements for major corporate clients.

February 2002 – August 2002: National steel fabrication Company (NFS)
Foreign Purchase department agent

Preparing Purchase requisitions.

Preparing purchase orders.

Preparing price list.

Current Studying

Studying IFR diploma at “RSM Academy (Preparing entering: Dec/2024 exam)
Education and Training

October 1997 – May 2001: Cairo University.
Bachelor, of Commerce.
Major: Accounting.
Financial accounting and reporting / Auditing and attestation / Business environment and concepts @ EY education center.
Summary of Skills

Computer skills: Microsoft office “Excel & Accounting Systems.
Language skills: Fluent English Written and spoken.

Communication Skills: Highly advanced level
Summary

Proficiency in Auditing & Accounting through seventeen years of experience.

References

Furnished upon request.