Accounting Sage
Khetani Neville Nkuna
Senior Auditor
Boksburg
Summary
Smart individual offering strong attention to detail. Resourceful Accounting professional with 15 years of experience in audit preparation and reporting. To seek and maintain full-time position that offers professional challenges utilizing interpersonal skills, excellent time management and problem-solving skills. Detail-oriented team player with strong organizational skills. Ability to handle multiple projects simultaneously with a high degree of accuracy. Talented Auditor gauging levels of financial risks for clients in various industries. Smart individual offering strong attention to detail.
Overview
17
17
years of professional experience
46
46
years of post-secondary education
Work History
Audit Senior
HLB Barnett Chown Incorporated
01.2008 - Current
- Training of junior staff on case ware, case view working paper
- Training of junior staff on audit files preparation and audit procedures
- Processed of audit program, adjusting journal entries, draft financial statements on the case ware
- Sending draft financial statement to the partner and clients for comments and approval
- Ensuring that disclosures on the financial statements are as per the required reporting standards and framework as prepared on the case view
- External audit planning
- Managing and supervision of junior team members
- Analysis of the financial statements
- Preparation of tax computation report on the case view
- Responsible for the budgeting function
- Internal audit & taxation
- Planning, performing and finalisation of audit
- Creating new Case ware working paper for the period to be review
- Ensuring compliance with audit checklist such as engagement letter, audit budgeted time
- Importing of trial balance, mapping account numbers
- Prepare and sign audit planning documents such as planning materiality, calculation of public interest score for the company and planning minutes
- Identify risk sections for the audit to be undertaken and correct measures to be performed to limit the identified risks
- Processing of adjusting journal entries
- Preparing audit programs and procedures on the case ware
- Preparing of tax computation and raising journal entries thereof
- Preparing finalization schedule such as senior final checklist, points for partner’s attention, unadjusted audit difference schedules, final analytical review, final engagement quality control review, assessment of subsequent events and going concern checklist
- Drafting of financial statements and following up with the client for the approved and signed financial statement
- Perform year end closure and signing off of the final case ware and saving the file onto the server
- Managing and supervision of junior team members by
- Distributing work to team members and supervision
- Developing and encouraging teamwork and learning
- Fostering an environment of co-operation and communication
- Reviewing off work performed by subordinates
- Processing financial transactions by
- Preparing, processing and posting transactions
- Posting transactions from the sub-ledgers to the general ledger
- Reconciling all balance sheet accounts e.g
- Bank, accounts receivables, accounts payables, payroll
- Compliance with Regulation
- Ensure compliance with the International Financial Reporting Standards (IFRS), and IFRS for SMEs
- Evaluates accounting policies within the appropriate accounting framework that most fairly present the financial situation
- Prepares or evaluates notes to the financial statements in accordance with the identified accounting frameworks
- Prepares or evaluates the non-financial information in the annual financial statements, e.g
- Directors’ report
- Reporting by
- Reviewing management accounts for the audit client
- Drafting of management report letter and audit findings
- Ensuring a methodical record keeping system that enables easy access to information
- Analysis of the financial statements
- Calculates profitability, efficiency (activity), solvency and liquidity ratios from the financial statements
- Based on the ratios calculated he would analyses and explains the financial performance of the business, and provides recommendations from analysis
- Analyses and documents the entities/business units/engagement client’s financial position (for example, using financial analysis, ratio analysis, trend analysis and/or cash flow analysis)
- Prepares or reviews a cash flow forecast for an entity/business unit/engagement client
- Identifies when there may be a cash shortfall or excess funds and documents, for review and input by others, possible action plans
- Analyses and documents the entity's current working capital position or components of it (for example, inventory, and accounts receivable or payable management) and documents recommendations for improvement
- Internal Audit
- Identifies and documents strategic, operational, financial and informational risks, based on an understanding of the environment in which the entity operates in, its strategies and management processes
- Assesses the impact of findings on the work to be performed
- Documents the entity's key business processes and key controls (including IT controls) including the control environment, information system, business processes and control activities (general and application controls)
- Evaluates internal control in the context of the criteria / recognized framework and suggests improvements where deficiencies are identified
- Assesses whether existing internal controls are functioning properly or if additional controls are needed and communicates ideas to management
- Critically evaluates the audit engagement in relation to relevant legislation and practices, documenting recommendations for improvement
- Taxation
- Collect and calculate the information needed to file the tax return for an individual, considering:
- Inclusion and classification of income from different sources (for example, employment including fringe benefits and lump sum benefits, property, business, capital gain / loss, other income)
- Exclusion of exempt income
- Deductibility of expenses (for example, contributions to pension or retirement funds, income protection policies, assets used for trade purposes, legal fees)
- Collects and calculates the information needed to file the tax return for a corporation, considering:
- Type of corporation (for example, private, small business corporation)
- Inclusion and classification of income (for example, active business income, income from property, capital gains, exemptions)
- Deductibility of expenses (for example, capital allowances, assessed losses and special allowances)
- Tax deductions and credits (for example, small business deduction, and
- General tax reduction)
- Performing PAYE reconciliation and submissions on SARS on Efilling
- Performing VAT calculations, reconciliations, submissions, and payments to SARS on Efilling
- Reconciliations of debtors and creditors accounts to statements
- Calculates and correctly discloses deferred tax in the financial statements
- Reason for leaving
- To obtain commercial experience and exposure
Accountant
Equity Management Services
06.2006 - 03.2007
- Processing of books of accounts up to trial balance
- Perform the monthly reconciliation of general ledger balances including reconciliation of trade payables and trade receivables
- Setting up and analysing of monthly management accounts
- Process journal entries and other transactions
- Prepare monthly VAT and PAYE submission
- Maintain fixed assets registers
- Reason for leaving
- No SAICA articles at this company.
Education
BCompt - Accounting Sciences
UNISA
National Diploma - Cost & Management Accounting
Vaal University of Technology
Senior Matric certificate - undefined
Marholeni High School
Skills
Process evaluations
undefinedAccomplishments
- Achieved issuing audit reports on time by completing audit work with accuracy and efficiency.
- Supervised team of at least 4 staff members.
Software
Sage payroll software
Caseware
Timeline
Audit Senior
HLB Barnett Chown Incorporated
01.2008 - Current
Accountant
Equity Management Services
06.2006 - 03.2007
BCompt - Accounting Sciences
UNISA
National Diploma - Cost & Management Accounting
Vaal University of Technology
Senior Matric certificate - undefined
Marholeni High School
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