Sithobiso Myeni
Audit Senior
Pietermaritzburg
Summary
Auditing professional knowledgeable about risk management strategies, PFMA, MFMA, National Treasury regulations and financial processes. Decisive and persuasive communicator with proven problem-solving, leadership and planning abilities.
Overview
5
5
years of professional experience
2
2
Certificates
5
5
years of post-secondary education
Work History
Audit Senior
Auditor General Of South Africa
Department Of Cooperative Governance And Traditional Affairs
05.2022 - Current
- Facilitated compliance with requirements of International Standard on Auditing (ISA) 315 (Revised 2019) by obtaining an understanding of the entity and its environment to assist in developing an overall audit strategy.
- Conducted walkthrough of various business processes such as Asset Management, Supply Chain Management, Grant and Transfer Management, Expenditure Management, gaining in-depth understanding of operations while identifying potential control deficiencies.
- Evaluated critical business systems and processes, identifying areas of potential risk exposure and offering recommendations to mitigate those risks.
- Performed risk assessments to identify the magnitude and likelihood of each risk.
- Mitigated risks associated with fraud by designing and executing specialized audit procedures targeting high-risk areas.
- Assisted in preparation of audit reports, presenting findings clearly and concisely to senior management for review.
- Completed audit papers by thoroughly documenting audit procedures and findings.
- Performing reconciliations of financial information.
- Performed audit procedures to ensure compliance with PFMA, Treasury Regulations and Policies particularly Quotations, Competitive Bidding, Contract Management, Local Content, Preferential Procurement Regulations and Conditional Grants and Expenditure.
- Prepared audit working papers and report on audit findings.
- Identified management control weaknesses and provided value added suggestions for remediation.
- Conducting effective project management by monitoring audit cost on an ongoing basis.
- Execution and providing first level reviews on Cash Flow Statements, Compensation of employees, Employee benefits, Transfer Payment and Expenditure.
- Review of draft annual performance plans and annual reports.
- Led training sessions, enhancing skills and knowledge of fellow team members.
- Mentored new hires within the audit team, offering guidance on day-to-day responsibilities.
- Provided guidance to junior auditors on best practices, fostering a collaborative working environment and enhancing team performance.
- Developed strong relationships with clients, addressing concerns promptly and providing timely updates on progress throughout the engagement process.
Audit Senior
Auditor General Of South Africa
Abaqulusi Local Municipality
05.2022 - Current
- Performed risk assessment procedures to obtain an in-depth understanding of the auditees
- Conducted risk assessments to determine areas requiring increased focus during subsequent audits and design procedures to mitigate risks.
- Discussion audit objectives and approach with the audit team in line with the audit strategy.
- Interviewed auditees and communicated with auditees staff to obtain necessary information for the audit.
- Followed up on the status of auditees action plans and previous years discrepancies identified.
- Reviewed and performed reconciliations between GRAP 17 Property, plant and equipment financial statement notes and Asset Registers.
- Assessed the use of consultants on asset management.
- Execute audit procedures and working papers for Property, plant and equipment, Investment property, Intangible Asset, Heritage assets, Inventory, Depreciation and Impairments, accumulated depreciation, net book value, and useful life estimates as needed.
- Execute audit procedures and working papers for Irregular Expenditure, Fruitless and Wasteful Expenditure and Unauthorized expenditure.
- Allocation of appropriate audit work to audit team members based on audit experience, skills and exposure.
- Prepared detailed audit findings on identified discrepancies supported by recommendations for management to implement to assist with accurate financial data and enhanced financial accuracy.
- Liaising with management of the auditees on a regular basis through audit steering committee and audit committee meetings
- Managed multiple concurrent audit engagements, prioritizing tasks to meet deadlines without compromising quality.
- Adapted plans and schedules to meet changing priorities of work objectives, resources and workload demands.
- Assisted in the preparation of management and audit report.
Audit Trainee
Auditor General Of South Africa
Abaqulusi Local Municipality, Traditional Levies And Trust Accounts And COGTA
01.2019 - 04.2022
- Assisted in identifying potential risks and provided recommendations for improvements in internal controls.
- Supported senior auditors in planning engagement strategies based on clients'' risk profiles and business objectives
- Developed strong analytical skills through examination of complex financial data and identification of key issues affecting clients businesses.
- Performed detailed testing of account balances, transactions, and disclosures to ensure accuracy and completeness of financial records
- Conducted thorough financial statement audits, ensuring compliance with all GRAP,MCS and applicable regulations specifically on Payroll and compensation of employees, Revenue and Receivables, Purchases and Payables, Cash and Cash equivalent.
- Reviewed client documentation, including invoices, bank statements, and contracts, to verify accuracy and identify discrepancies.
- Assisted in preparing comprehensive reports outlining audit procedures performed, findings identified, and recommended corrective actions for clients to implement.
- Ensured timely completion of audit tasks by efficiently managing workload under tight deadlines without compromising quality or attention to detail.
- Improved communication skills by presenting audit findings to both clients and senior management during meetings
- Contributed to a positive work environment by fostering teamwork among colleagues while diligently completing individual tasks assigned by supervisors.
- Evaluated the effectiveness of clients internal control systems in preventing, detecting, and correcting financial misstatements.
- Demonstrated adaptability by quickly learning new industries specific requirements during diverse client engagements across various sectors..
- Leveraged technology tools such as Excel spreadsheets, and audit-specific applications to enhance audit effectiveness.
Education
Post Graduate Diploma - Accounting 2018
Nelson Mandela University
Gqeberha, South Africa 01.2018 - 12.2018
Bachelor of Commerce - Accounting- 2016
Nelson Mandela University
Gqeberha, South Africa 01.2013 - 12.2016
Skills
Presentation abilities
undefinedCertification
SAICA three year articles
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Quote
Success is not final; failure is not fatal: It is the courage to continue that counts.
Winston S. Churchill
Timeline
Audit Senior
Auditor General Of South Africa
05.2022 - Current
Audit Senior
Auditor General Of South Africa
05.2022 - Current
Audit Trainee
Auditor General Of South Africa
01.2019 - 04.2022
Post Graduate Diploma - Accounting 2018
Nelson Mandela University
01.2018 - 12.2018
Bachelor of Commerce - Accounting- 2016
Nelson Mandela University
01.2013 - 12.2016
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