Muhammad Usman Qasim, CIA, MBA,CFAP

ABIG is a privately held investment group managing a wide range of investment portfolios including Public and Private equities, Local and International Real Estate, Hospitality, and Education. Summary of my duties and responsibilities include the following- 1. Led enterprise-wide risk assessment covering 15+ business units; updated audit universe and reduced risk exposure significantly. 2. Developed and executed annual risk-based audit plan; completed 100% of scheduled audits within timeline. 3. Evaluated internal controls over financial reporting (ICFR) and improved compliance alignment with COSO framework. 4. Presented audit findings to executive leadership and Audit Committee; achieved 90% implementation rate of recommendations. 5. Performed fraud investigations and forensic procedures identifying AED 20M revenue overstatements.

IDO, Government of Ras Al Khaimah is the holding company of 100+ entities of various sectors including Hospitality, construction, Education, Transportation and shipping, Ports and mining, pharmaceuticals, etc. Below were my duties and responsibilities: 1. Conducted operational, compliance, and performance audits across 100+ government entities. 2. Tested design and operating effectiveness of key controls; reduced recurring audit findings by 25%. 3. Identified financial irregularities and control gaps resulting in AED 40M fraud detection. 4. Prepared detailed audit reports and risk assessments for senior management review.

BOLD bespoke Design is a group entity of Alhashmi Group. My duties and responsibilities were as follows: 1. Designed risk control matrices (RCMs) and audit programs aligned with business objectives. 2. Reviewed financial statements and ensured compliance with accounting policies and regulatory requirements. 3. Strengthened internal control environment resulting in AED 15M cost optimization opportunities.

1. Verification of supplier Payable balances with the statement of accounts and purchase orders and supporting documents. 2. Verification of Receivable Balances with sale orders and delivery notes. 3. Planning, Execution, and Conducting of monthly Internal audits of various departments including stores and spares, production, human Resource, and identification of various control weaknesses and risks involved and suggesting remedial actions. 4. Compilation and reporting of monthly audit reports to Managing Director and CEOs of various departments. 5. Analysis of Inventory Management System and verification of store purchases. 6. Preparing Ad hoc reports for management to highlight issues and problems and distributing the Reports to the concerned persons 7. Conduct audit testing of specified area and identification and reporting of risks and control issues.

My association with RACO (a member firm of NEXIA INTERNATIONAL), facilitated me to gain practical knowledge of International Financial Reporting Standards (IFRS), International Standards on Auditing (IAS) and to understand and evaluate organizational structures, business processes, regulatory requirements, and honed me professionally by giving me extensive experience in undertaking the following responsibilities: • Development of an audit plan, methods and procedures, work priorities, and schedules based on the preliminary understanding of the entity and of its business. • Monitoring the application of audit procedures and methodology and generally accepted auditing standards to review and evaluate financial statements for adequacy of accounting and internal controls. • Supervising the audit staff conducting financial, compliance, and performance audits, • Reporting to manager and engagement partner about audit progress and related findings, • Have independently performed different risk assessment assignments for various Clients; • Supervising the various monthly internal audit assignments. • Planning, execution, and completion of audit assignments, including analysis of existing internal controls and accounting structure of various clients, evaluating potential risks, and advising management of remedial actions; • Preparing time budgets and communicating the same to audit staff, • Supervising and leading single or multiple teams, reviewing their work, and evaluating their performance.