Ikechukwu Osuji
Auditor
Meadow Lake,Saskatchewan
Summary
Experienced Auditor with over 12 years’ experience, conducting independent and objective assessment of policies procedures processes systems and controls with the aim of improving the value of organizational operations and rendering assurance on the effectiveness of controls.
Seasoned Auditor with comprehensive understanding of financial regulations and compliance laws. Skilled in assessing and improving internal controls for companies of various sizes, resulting in improved financial integrity and streamlined operations. Strengths include strong analytical skills, problem-solving ability, thoroughness, and commitment to the highest level of professional standards. Notable impact includes identification of significant operational inefficiencies and implementation of effective corrective measures.
Overview
14
14
years of professional experience
2
2
Certification
Work History
Audit and Accounting Associate
Pinnacle Business Solutions
Meadow Lake , Canada
2023.01 - Current
- Conduct risk assessment of client IT objectives
- Develop and implement risk-based audit plans for clients IT systems and processes
- Conduct audit of clients accounting system to assess the effectiveness of ICFR
- Review client ITGC for effectiveness and efficiency
- Make recommendations on areas of improvement to ITGC
- Conduct assessment of client cyber security controls and proffer recommendations to improve effectiveness
- Developed engagement specific checklist to guide IT auditors
- Completion of CaseWare PEG templates for compilation, review, and audit engagements
- Preparing adjusting journals entries and yearend financial statements
- Preparation of compilation engagement report for clients
- Preparation of annual review engagement reports for clients
- Preparation of audit engagement reports for clients
- Determining sample size and carrying out testing of selected samples during audit engagements
- Determining and computing materiality threshold during review and audit engagements
- Preparing client tax returns at financial year end
- Conduct internal control testing
- Evaluate the risk associated with the 5 financial statement assertions in the cause of audit engagements.
- Prepared financial statements and reports detailing accounts receivable status.
- Developed annual budgets for multiple departments within the organization.
- Advised senior management on best practices related to accounting operations and internal control environments.
- Analyzed financial information to recommend or develop efficient use of resources and procedures; provide strategic recommendations and maintain solutions to business and financial problems.
- Evaluated existing systems and processes to identify areas of improvement and implement changes accordingly.
- Communicated effectively with colleagues across departments to resolve any discrepancies or errors identified in the course of performing duties.
- Maintained general ledger accounts by verifying, allocating, posting transactions; resolving discrepancies.
- Performed monthly account reconciliations for multiple client entities including bank reconciliations.
- Researched complex accounting issues utilizing applicable guidance from authoritative sources.
- Participated in system implementations and upgrades related to accounting functions and reporting requirements.
- Reviewed and verified the accuracy of journal entries and accounting classifications assigned to various records.
- Maintained an up-to-date understanding of relevant legislation that may impact accounting operations.
- Prepared monthly closing entries to generate accurate financial reports for management review.
- Assisted in the development and implementation of accounting policies and procedures.
- Applied mathematical skills to calculate totals, check figures, and correct problems with physical and digital files.
- Assisted in the preparation of financial statements, including balance sheets and income statements.
- Selected for special accounts payable projects, including AP analysis reports.
- Utilized accounting software and systems for efficient processing of financial transactions.
- Assisted with month-end and year-end closing processes to ensure timely reporting.
- Reduced financial discrepancies by verifying accounting statements.
- Reconciled bank statements and financial records monthly to maintain financial integrity.
- Executed bank and account reconciliations for business subsidiaries.
- Prepared and submitted monthly and quarterly tax returns in compliance with federal and state regulations.
- Monitored compliance with GAAP and applicable financial regulations.
- Prepared and posted journal entries to record business transactions.
- Tracked income and expenses for business using accounting software.
- Managed daily accounts payable and receivable transactions, ensuring accuracy and timeliness.
- Monitored loans and accounts payable to confirm payments are current.
- Coordinated with different departments to gather financial information for reporting purposes.
Sen Manager IT Internal Audit and Tax Audit Team L
Federal Inland Revenue Service (Government Agency)
Abuja , Nigeria
2010.09 - 2022.12
- Conducted Environmental analysis of FIRS ICT infrastructure and IT General Controls
- Conducted assessment of bank transactions involving tax revenue and collection processes and reduced remittance time to an average of 24 hours
- Conducted assessment of input controls of personnel and payroll records and assessment of process controls to ensure data integrity before migration to SAP
- Investigation into the upload of negative withholding tax records into web portal and paydirect databases and assessment of existing process controls
- Conducted assessment of SAP-HR application and Human Resources process controls
- Conducted assessment of the Procurement process controls and made recommendations that improved efficiency and reduced procurement time and also made cost savings from the improved control activities
- Conducted assessment of e-payment solutions process controls and made recommendations that reduced payment time from 1 week to 48 hours
- Auditor on SAP-HR project implementation project team
- Served as a member Audit Command Language (ACL) project implementation team and successfully implemented the ACL project within set timelines of 3 months
- Attended Audit Command Language (ACL) training for foundation, intermediate and advanced stages
- Conducted assessment of organizational IT governance and ICT Department processes and procedures to ensure that the ICT goals were in tandem with organizational goals
- Conducted Review of ICT Department draft policy document with focus on proposed control activities before approval
- Conducted assessment and compliance test of the processes procedures and controls around the SAP-FICO implementation
- Participated in Service wide revenue assurance audit and made recommendations to management on plugging of revenue leakages leading to savings of over 2 billion Naira
- Review of Organizational policy documents
- Member COBIT framework adoption and implementation review team
- Review of Organizational agreements and contracts with third parties and service providers
- Conducted Value for money audits on all ICT procurements
- Tax Audit Team Lead for all tax audit exercises conducted by the team and was able to conclude 35 tax audit cases within the period
- Supervise and review tax audit schedule reports of other team members
- Conduct of pre audit, reconciliation and exit meetings with taxpayers to ensure smooth conclusion of all assigned tax audit cases
- Team Lead National Value Added Tax (VAT) and Withholding Tax (WHT) compliance monitoring exercise where 40 taxpayers were monitored and over 4.1m CAD (2 billion Naira) was realized
- Educated taxpayers on tax responsibilities and other areas of the tax law requiring clarifications during the course of tax audit or National VAT/WHT compliance monitoring exercise
- Conducted Sensitization exercises together with colleagues from taxpayer services department to engender taxpayer education
- Participated in town hall meetings involving representatives of the Service and taxpayer representative and other key stakeholders on the ease of paying taxes
- Tax Audit Team Lead for all tax audit exercises conducted by the team and was able to conclude 35 tax audit cases within the period
- Supervise and review tax audit schedule reports of other team members
- Conduct of pre audit, reconciliation and exit meetings with taxpayers to ensure smooth conclusion of all assigned tax audit cases
- Team Lead National Value Added Tax (VAT) and Withholding Tax (WHT) compliance monitoring exercise where 40 taxpayers were monitored and over 4.1m CAD (2 billion Naira) was realized
- Perform organizational risk and control assessments
- Auditor on FIRS/World Bank Economic Reform and Governance Project (ERGP).
- Directed cross-functional teams in developing innovative solutions to complex problems.
- Regularly evaluated customer satisfaction levels by surveying customer base and analyzing results.
- Managed a team of 10+ employees by providing guidance, setting goals and objectives, delegating tasks, and monitoring performance.
- Conducted regular performance appraisals for direct reports to provide feedback on their work performance.
- Identified areas of improvement within existing operations through process analysis and benchmarking studies
- Monitored compliance with industry regulations and company policies to mitigate risk.
- Coordinated with IT department to implement new technologies and systems enhancements.
- Managed risk by developing and implementing effective risk management strategies.
- Organized team activities to build camaraderie and foster pleasant workplace culture.
- Created and managed budgets for travel, training, and team-building activities.
- Planned and delivered technical sessions to improve employee effectiveness and address areas of weakness.
- Facilitated team meetings and workshops to align on goals and strategies.
- Performed quality assurance efforts to maintain high standards of service delivery.
- Reviewed completed work to verify consistency, quality, and conformance.
- Produced thorough, accurate and timely reports of project activities.
- Mediated conflicts between employees and facilitated effective resolutions to disputes.
- Held regular one-on-one meetings with employees to review performance and priorities and provide feedback.
- Delegated work to staff, setting priorities and goals.
- Recommended improvement to processes to ensure efficient workflow throughout the organization.
- Monitored organization budgets and expenditures to ensure cost-effectiveness while maintaining quality standards.
- Conducted performance reviews for team members.
- Monitored compliance with regulatory requirements and industry standards.
- Monitored compliance with all applicable laws, regulations, industry standards.
- Analyzed auditee feedback data to develop action plans for improving services offered.
- Assessed team member's skillsets and assigned tasks accordingly for optimal efficiency.
- Coached, mentored and trained team members in order to improve their job performance.
- Reviewed employee performance and provided ongoing feedback and coaching to drive performance improvement.
- Recommended process improvements, resulting in an increase in operational efficiency.
Education
Diploma in Commerce, Accounting, Taxation and Payroll -
Sundance College Alberta
01.2023
M.Sc. Financial Management -
Federal University of Technology Owerri, Nigeria
01.2009
B.Sc. Accounting -
Imo state University Owerri, Nigeria
01.2000
Skills
- Analytical and Problem-Solving Skills
- Teamwork
- Leadership
- Verbal and Written Communication Skills
- Project Management Skills
- Relationship Management Skills
- Negotiation Skills
- Meeting Deadlines
- Report Writing Skills
- Presentation Skills
- Proficiency in MS Office tools
- Proficiency in JD Edwards
- Proficiency in Data Analytic Tools (Audit Command Language)
- Conducting Compliance Testing
- Business Process Improvement
- Audit Plan Development
- IT Risk Assessment
- ITGC and Application Testing
- Auditing Processes
- Internal Controls Testing
- Developing Audit Programs
- Knowledge of QuickBooks and Sage 50
- Proficiency in CaseWare
- Understanding of Accounting Standards (ASNPO, ASPE, IFRS)
- Understanding of IIA Mandatory Guidelines
- Understanding of IIA International, Professional Practices Framework (IPPF)
- Knowledge of COBIT, COSO, ISO 31000 ERM Frameworks
- Noncompliance Assessment
- Extravagance and Fraud Risk Assessments
- Filing Tax Returns (T2, T5)
- Charity Returns (T3)
- Working Knowledge of Sox Oxley Act Bill 198 (C-SOX)
- Competence in Process and Operational Audits
- Risk Analysis
- Control Matrix Development
- Project/Program Delivery Evaluation
- Project Grant Evaluation
- Conducting Quality Assurance and Programs
- Accounting and bookkeeping
- Audit tracking
- Internal Controls
- Financial statement preparation
- Tax Preparation
- Auditing procedures
- Bank Reconciliation
- Customer Relations
- Accounts Receivable
- Quickbooks
- Account Reconciliation
- Account Auditing
- Sage 50
- Data Analysis
- Accounts Payable
- Teamwork and Collaboration
- Multitasking
- Problem-Solving
- Bank Statement Reconciliation
Certification
- 2007, Certified Information System Auditor (Information System Audit and Control Association)
- 2024, Certified Internal Auditor (Institute of Internal Auditors)
- 2023, CPA Canada in progress
References
References are on request.
Timeline
Audit and Accounting Associate
Pinnacle Business Solutions
2023.01 - Current
Sen Manager IT Internal Audit and Tax Audit Team L
Federal Inland Revenue Service (Government Agency)
2010.09 - 2022.12
Diploma in Commerce, Accounting, Taxation and Payroll -
Sundance College Alberta
M.Sc. Financial Management -
Federal University of Technology Owerri, Nigeria
B.Sc. Accounting -
Imo state University Owerri, Nigeria
- 2007, Certified Information System Auditor (Information System Audit and Control Association)
- 2024, Certified Internal Auditor (Institute of Internal Auditors)
- 2023, CPA Canada in progress
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