Wasiu Salami
Winnipeg,Canada
Summary
Accounting Professional with over ten years of experience in the fields of auditing and financial analysis including tax, operational, financial and compliance audits. Skilled in management of cost, risks, internal & customer control systems, governance, financial irregularities, fraud, and compliance with regulations to drive process improvements. Experienced tax auditor with a sound knowledge of fraud examination and forensic accounting. Key achievements included management of over $500m hospital projects, leading to a cost reduction of 35%, and uncovered a total number 25 financial transactions total $45m that were left unrecorded in the project’s estimate cost within a period of two years that enhanced accuracy in record keeping.
Overview
12
12
years of professional experience
1
1
Certification
Work History
IT Audit
FTR IT Consulting
11.2022 - Current
- Conduct IT audit planning, field work, work through of controls, detailed testing of controls, and creation of clear and accurate documentation of workflow of IT process, and report test result and exemptions
- Utilized data analytical tools such as ServiceNow, Archer, Teammate, Tableau, Power BI to create dashboards for monitoring and pulling qualitative data for audit risk analysis
- Conduct IT risk assessment; document related risks and note key control issues; develop appropriate audit programs to test control risks identified, and subsequently evaluate control designs, optimization, and assurance over operational and compliance processes
- Perform IT controls, reviews, including applications, database, operating systems, data warehouse, and reporting tools
- Execute frequent review of enterprise cyber threat analysis, and business summary corrective actions to confirm their efficiencies in reducing risk to acceptable level.
- Evaluate Sail Point application controls Access Management – Provisioning, Deprovisioning, and Certification, and conduct issue root analysis of challenges affecting control strategies
- Ensured compliance with SOX regulations, performing control evaluation, and maintaining effective control environment in respect to 404 requirements.
Accounting Technician
New Standard Ag
10.2022 - 11.2023
- Managed over 100 daily payments from diverse sources like cheques, cash, direct deposits, and electronic transfers within 24 hours: ensuring accurate allocation and reducing outstanding invoices by 45% within a month
- Generated accurate and timely monthly statements for 400+ corporate customers, ensuring an average revenue total of $900,000 is invoiced within 30 days of sales or rendering services
- Resolved customer discrepancies and complaints on outstanding invoices within 24 hours, resulting in a remarkable 97% recouping of monthly budgeted revenues for the organization
- Streamlined the invoicing process by implementing automated software, resulting in a reduction of month-end turnaround time from 10 days to 4 days, thereby improving liquidity from 1.2 to 1.7.
Tax Auditor
Adisa and Co Consulting firm / RNZ Global
10.2017 - 09.2022
- Prepared tax provision schedules, returns, payments, reports for VAT, PAYE, PPT, CIT, WHT and CGT and maintain over 200 clients tax database
- Analyzed and monitored client’s tax information to prevent tax fraud, avoidance, and evasion
- Resolved complicated tax issues or errors from incorrect filling for over 500 clients during annual tax filling season
- Ensured compliance with federal, state, and local governments tax regulations
- Organized regular training for clients on changes in tax system, tax liabilities, tax saving opportunities, and prevention of tax penalties and legal action as result of default
- Coordinated outsourced tax preparation work.
Internal Auditor
St. Nicholas Hospital Ltd
10.2011 - 09.2017
- Prepared financial and management reports highlighting improvements in organization’s cash flow, revenue, cost, internal control, compliance to regulations, risks, and process using financial and non-financial metrics that resulted in over 92% increase in efficiency level
- Supervised monthly reconciliation of seven bank statements operated by organization with over 3,000 financial transactions and maintained 100% accuracy in records
- Audited monthly schedules for payroll, statutory remittances, and pension for 500+ members of staff with average total of $47m and ensured 100% accuracy in calculations
- Monitored yearly budget of 12 functional units, analyzing variances and identifying cost-saving opportunities; achieved remarkable 35% reduction in yearly expenses
- Organized and analyzed quarterly inventory counts and implemented new inventory management system that promoted 100% accuracy in inventory records.
Education
Master of Science - Monetary Economics
University of Port-Harcourt
River State, Nigeria01.2009
Bachelor of Science - Banking and Finance
Olabisi Onabanjo University
Ogun State, Nigeria01.2006
Skills
- Budget
- Financial & Cost Analysis
- Internal Control
- Journal Entries & General Ledger
- Financial Reporting/Compliance
- Accounts & Bank Statement Reconciliation
- Canadian Payroll System
- Taxation
- Engagement analysis
- Files compilation
- Microsoft Office Suite (Excel, Outlook, Word, Power Point, Team, Pivot table and VLOOKUP)
- Quick Books (Microsoft Dynamics GP, Xero, and Sage)
- SOX
- Case ware
- Tax prep
Certification
Certified Information System Auditor - CISA, Information Systems Audit and Control Association - ISACA, Passed
Training
- AICPA & CIMA Training - Management Level, Chartered Institute of Management Accountants, London, 08/2023, Current
- CPA Training - Intermediate Level, Western School of Business, Winnipeg, Manitoba, 11/2022, Current
Languages
English
Native or Bilingual
Timeline
IT Audit
FTR IT Consulting
11.2022 - Current
Accounting Technician
New Standard Ag
10.2022 - 11.2023
Tax Auditor
Adisa and Co Consulting firm / RNZ Global
10.2017 - 09.2022
Internal Auditor
St. Nicholas Hospital Ltd
10.2011 - 09.2017
Master of Science - Monetary Economics
University of Port-Harcourt
Bachelor of Science - Banking and Finance
Olabisi Onabanjo University
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