Basharat Ali

Audit & Accounts professional with over 3.5 years of progressive experience in conducting external audit, internal audit, tax compliance and other audit engagement across diverse sectors. Expert in assessing internal control systems, identifying potential risks, and ensuring strict adherence to regulatory compliance. Track record of success in providing assurance and non-assurance services within a prestigious audit firm.

Proficient in spearheading multiple engagements, compiling detailed reports, and presenting actionable insights to senior management. Exceptional leadership and communication skills, eager to leverage auditing expertise to drive growth and success in a dynamic organization as an audit professional. Possessing a strong analytical mindset and a keen eye for detail.

Senior Tax Associates (Tax Compliance and Advisory) - ZAFCA Lahore - Lahore - Pakistan

(2025-01 - 2026-06)

• Reviewed monthly financial statements to assess tax implications, identify significant variances, and ensure compliance with applicable accounting and tax regulations.
• Reviewed monthly tax compliance reports, including Income Tax, Sales Tax, and withholding tax obligations, ensuring timely and accurate statutory compliance.
• Reviewed income tax returns, sales tax returns, withholding statements, and related reconciliations.
• Evaluated accounting records and supporting documentation to identify tax exposures, compliance gaps, and opportunities for process improvement.
• Advised clients on the tax treatment of business transactions, admissibility of expenses, tax credits, exemptions, and withholding tax obligations.
• Coordinated with client management to strengthen tax compliance processes, improve internal controls, and ensure adherence to statutory deadlines.
• Prepared tax compliance reviews, management reports, and advisory memoranda highlighting key observations, risks, and recommendations.

Audit Associate - AHW and Co Chartered Accountants - Lahore - Pakistan

(2023-01 - 2024-11)

• Collaborated with Senior Auditors and Managers in planning and executing audit engagements in accordance with ISA, ICAP guidelines, and regulations.
• Executed risk-based internal audit engagements in accordance with the approved audit plan.
• Evaluated internal controls, identified control deficiencies, and recommended practical improvements.
• Reviewed financial records, supporting documentation, and accounting transactions to ensure accuracy and compliance.
• Assessed procurement, inventory, sales, payroll, and cash management processes for operational effectiveness.
• Performed physical verification of inventory, fixed assets, and cash, and reconciled identified variances.
• Prepared comprehensive audit working papers, documented findings, and drafted internal audit reports.
• Communicated audit observations to management and monitored the implementation of corrective actions.
• Ensured compliance with applicable laws, regulations, and internal policies while supporting process improvements.
• Engaged in team collaboration to ensure high-quality audits and timely delivery of reports to clients.

Chartered Accountant (CA - Pakistan) - Accounting - Institute of Chartered Accountants of Pakistan (2018)