Team mate
Phathutshedzo Blessing Muntswu
Assurance Professional :Internal And External Audit
Oranjehof Suid
Summary
I am a finance professional with over 6 years’ experience in the assurance sphere. The experience is from internal and external audits assignments. I also have more than 3 years’ experience in training, developing, mentoring, coaching, and training supervising junior staff members in an audit environment. I have lead audits assignment with 7 trainees and reporting directly to the manager. I have also worked in internal audit at Chapu Chartered Accountant where I had to transfer skills to internal audit division. I further recommended procedures that they can use in future period and how to conduct their internal audit. .
Overview
7
7
years of professional experience
1
1
year of post-secondary education
1
1
Language
Work History
Consultant :internal and External Audit
Chapu Chartered Accountant and Registered Auditors
Midrand
06.2022 - 09.2022
- Participate on the development of policies, procedures, checklists, models, frameworks, and templates for the internal divisions
- Perform annual financial Statements reviews for clients
- Inspect if the transactions per statement of comprehensive income and Statement of Financial Position is complying with the accounting requirements in IFRS
- Influence the internal audit division to comply with the IIA requirements by creating procedures that comply with IIA standards
- Compile the communication of findings where they are errors identified
- This is done prior the audit and will results in Annual Financial Statement that are correct and complete
- Prepare recommendations on the communication on the audit findings
- Provide audit conclusions on each finding based on the managements response and additional supporting information provided
- Prepare internal audit progress reports based on the communication of findings identified
- Prepare the internal audit report to ensure that the compliance, internal control processes and status is included in the report
- Communicate the status of internal audit report to client’s management, internal audit division and audit committee.
Audit Senior (Acting Assistant Manager)
Auditor General of South Africa
02.2019 - 05.2022
- Fiber Manufacturing SETA, Land Holding Account, Unemployment Insurance
- Fund, Deeds Office Pretoria, Brahmans Hills-Garden hotels & Cottage, Turn &
- Tender hotels, Shepstone gardens Weddings and Express Employment
- Professional SA (Pty) Ltd
- Planning and organizing the audit process through drafting of the audit plan and strategy before commencing the audit
- Perform and prepare project management for audit projects
- Define the scope and objectives of audit assignments, set up audit procedures and timelines of when the team is expected to complete the audit
- Understand the theoretical developments in the field of internal auditing and ensure that it is applied by clients
- Perform and participate in complex audit assignments and conduct research on the clients before the audit engagement
- Performed real time audits for UIF TERS to identify if the Covid payments are being used to assist employees during lock down period
- The calculation and nature of the audit was complex and prepared me to handle audit of this nature
- Further prepared reports after the UIF TERS audit engagement
- Perform audit programmes/procedures through performing operating, information technology, infrastructure audits
- Asses the results of audit tests and confirm that the supporting evidence is sufficient/reliable to support the conclusion of the working paper
- Perform understanding of the entity business process and system to gain understanding of the industry, business, and organizational aspects on the various clients
- Perform walk throughs to assess how transactions are recorded, processed, presented, and disclosed in the Annual Financial Statements
- Inspect the risk management principles, tools, methodologies, frameworks, policies, and processes to ensure that the meet the standards set in the
- Using CAATs exceptions to audit supply chain
- This information is used to identify if the service providers are valid based on comparison to home affairs/ Central Supplier
- Database/CIPC registrations
- Auditing the clients supply chain management to ensure compliance with applicable legislations
- Performing Data Analytics on the transactions of the entity to ensure that the transactions are valid on various components revenue, payroll, and payments
- Preforming auditing in a manufacturing environment
- Devise procedures specifically to assess the manufacturing environment
- As an audit lead my duties included: - Overall supervision of junior staff and reviewing of audit work submitted and the audit file
- Communicating audit progress and concerns/delays with Stakeholder i.e., senior management of the audit client, audit committee
- Responsible for reporting the overall progress and completion of the audit at set deadlines to the manager and senior manager
- Audit fees budgeting and tracking the budget throughout the audit process and en- suring that we do not incur budget overruns
- Keeping a budget analysis and project management schedule updated throughout the audit
- Compliance with quality control in terms of auditing standards and ensuring that the work of entire team is of good quality
- Compiling management reports and audit reports and ensuring that the reports are presentable and consist of the relevant information
- Contribute to the drafting of Internal audit’s operational plan
- Identify the need to employ data analysis techniques and tools and implementation of the tools
- Ensuring the skills review (SR) of the trainees on the earlier of prescribed timeframes or end of the audit are completed accurately
- Transfer all necessary knowledge and information required to assist the trainees to complete their work
- Leading one on one discussion with the trainees frequently to ensure that expecta- tion gaps are eliminated
- Reviewing the trainee’s work thoroughly probing and review of daily backups while their work is still in progress
- Ensuring all review notes have been adequately cleared
- Ensuring that all audit management issues as well as potential findings are dis- cussed by the trainee with assistance from management.
SAICA Audit Trainee
Auditor General South Africa
Pretoria
02.2016 - 01.2019
Education
Post graduate Diploma - Accounting
UNISA
Pretoria 04.2018 - 04.2018
B com Accounting - Science
University of Pretoria
Pretoria 04.2015 - 04.2016
Matric -
Thohoyandou Secondary School
Thohoyandou,Limpopo 12.2008 - 12.2008
Skills
Risk mitigation strategies
undefinedAccomplishments
www
cccv
vvv
Software
Microsoft dynamics 360 X
ACC PAC
Case Ware
Timeline
Consultant :internal and External Audit
Chapu Chartered Accountant and Registered Auditors
06.2022 - 09.2022
Audit Senior (Acting Assistant Manager)
Auditor General of South Africa
02.2019 - 05.2022
Post graduate Diploma - Accounting
UNISA
04.2018 - 04.2018
SAICA Audit Trainee
Auditor General South Africa
02.2016 - 01.2019
B com Accounting - Science
University of Pretoria
04.2015 - 04.2016
Matric -
Thohoyandou Secondary School
12.2008 - 12.2008
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