Kamran Afzaal

I am professional accountant with more than 3 years of experience having expertise in bookkeeping, manage general ledgers, month end closing and preparing financial reports.

Accountant at Virtual Accountants (Present)

Currently working as an accountant at Virtual accountants (an accounting firm in UAE renowned for providing accounting and tax services to its clients).

• Prepared and maintained financial statements, including balance sheets, income statements, and cash flow statements.
• Ensured accuracy and compliance with regulatory requirements and accounting standards.
• Perform monthly accounting assignments for diverse portfolio of companies which includes posting accounting entries in software, recording sales invoices and bills of vendors and track their payments, ensuring timely and accurate recording of other financial transactions, and prepare monthly, quarterly and annually management reports.
• Use different accounting software such as Quick Books and Zoho to manage client accounts.
• Performed monthly, quarterly, and year-end closings, reconciling accounts, reviewing financial reports, and making necessary adjustments to ensure accurate financial records.
• Prepared detailed VAT workings of multiples clients for accurate tax return filings, ensuring compliance with relevant tax regulations.
• Assisted clients in meeting VAT obligations and submission deadlines.

Audit and Finance Training Associate at Hassan Farooq & Co Chartered Accountants

Registered with Hassan Farooq & Co. Chartered Accountants, Lahore ICAP training associate. In individual capacity as well as a team leader, extensive experience of statutory audits and financial statement compilation.

• Statutory audits which include analysis and reviews of financial statements including cash flow statements of various industry clients.
• Scope of work included ensuring compliance with management policies, identification of weaknesses in the system for potential risks and examining financial statements to ensure compliance with National and International Reporting Frameworks, primarily comprising of International Financial Reporting Standards (IFRSs).
• Compilation of financial statements in compliance with IFRSs as applicable in Pakistan and Companies Act, 2017 while assessing various areas of financial statements such as employee benefits, taxation, foreign currency transactions etc.
• Compliance with applicable statutory legislatures including The Companies Act 2017, Income Tax Ordinance 2001 etc.

Taxation Practice Associate at Hassan Farooq & Co Chartered Accountants

Associated with Hassan Farooq & Co. Chartered Accountants Lahore with individual capacity experience in taxation matters.

• Individual Return Filling
• Challan Generation
• Income tax annual return submission of companies and individuals.

Internal Auditor at MDS Food (Private) Limited

Involved in monthly verification of Hardees all branches in Pakistan.

• All stock verification at each month end.
• All stock held by third parties verification at each month end.
• Verification of petty cash expenses.
• Cash count at each branch at month end.
• Payments received in advance for birth day and other parties.
• Electricity Meter and Get set reading and monthly consumption detail.
• After receiving and verification of all work at each branch review of final report to Audit manager.

Internal Auditor at Pakistan Engineering Company Limited

Internal auditor responsibilities regarding the verification of day-to-day expenses, approval of general entries, and authorization of vouchers.

• Conduct thorough examination and verification of supporting documentation for expenses, ensuring adherence to company policies and procedures.
• Assess the accuracy and completeness of expense records, and reconcile them with relevant accounts.
• Identify and investigate any unusual or suspicious expenses to ensure compliance and mitigate risks.
• Provide recommendations for enhancing expense management controls and optimizing processes.
• Evaluate and approve general entries, ensuring compliance with accounting principles and standards.
• Verify the accuracy and appropriateness of entries, including journal entries, adjusting entries, and reclassification entries.
• Confirm the presence of proper supporting documentation for general entries.
• Mitigate the risk of errors or fraud by identifying and investigating any significant or irregular entries.
• Review and authorize vouchers, such as payment requests, purchase orders, and supplier invoices.
• Verify the accuracy of voucher details and supporting documentation.
• Ensure compliance with contractual terms, pricing agreements, and legal requirements.
• Enhance voucher authorization controls by recommending improvements and implementing best practices.

Chartered Accountancy (CA) in Accountancy – The Institute of Chartered Accountants of Pakistan (ICAP)

Certificate of Accountancy and Finance (CAF) in Accountancy and Finance – The Institute of Chartered Accountants of Pakistan (ICAP)

Intermediate – BISE, Sahiwal

Matriculation – BISE, Sahiwal