1. Cover Letter
Dear Sir / Madam,
This letter is to introduce myself for an available position in your organisation. My diversified and in-depth
professional work experience of 9 years at different offices of PricewaterhouseCoopers and
Grant Thornton UAE, coupled with a record of outstanding performance at both professional and academic
level, has enabled me to present myself as a potential candidate for a suitable position. I am carrying extensive
knowledge in external / internal audit, financial reporting, financial and cost management, internal control reviews,
management reporting and people management.
I have been consistently providing professional services that proves my determination and demonstrates my
unyielding commitment. This has enriched me professionally and equipped me with the traits needed to deal with
a variety of situations in an innovative, effective and efficient manner. I offer a good blend of professional
experience, requisite knowledge and skills to become a vital member of your organization.
Below are my core competencies:
 External audits and financial reporting with specialization in Oil and Gas sector and Construction /
MEP industry.
 Thorough experience in financial reporting of Insurance, Aviation and Hospitality industry.
 Preparation of Group reporting packages and financial reporting in line with IFRS.
 Skilled in financial analysis and review of strategic and long-term business plans.
 Skilled in review of financial risk management, cost management and research on factors influencing
business performance.
 Skills with budgeting, forecasting and cash flow management.
 Strong knowledge of Internal audit and internal control systems, corporate governance and regulatory as
well as accounting framework for a range of industries.
 Performing a risk assessment of the business sub-processes/sub-cycles for the purpose of identifying
design deficiencies. Bench-marking of controls with the requirements of the COSO framework,
International best practices and applicable statutory regulations.
 Working and implementation experience of SAP and Oracle Enterprise Business Suite at various clients.
(My Resume annexed herewith gives more detail of my experience grid and skills set).
I am looking for a career opportunity that is appropriate with my skills and experience and that can provide me with
a competitive working environment coupled with the opportunity for career growth.
Regards,
Muhammad Asad Mughal
Enclosed: Resume

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3. MUHAMMAD ASAD MUGHAL
Apartment No.236-Prime Residency-I, International City-Dubai, United Arab Emirates
| Contact (UAE): +971 0(50) 1596 087 | Email: ma.mughal.1985@gmail.com |
OBJECTIVE
Pursuing to seek a challenging position in a dynamic organization with the aim to:
 Contribute towards the organizational success by effectively applying my professional skills; and
 Perform consistently to meet the organization’s expectations, achieve career growth and enhance my capabilities and professional
knowledge.
EDUCATION
Particulars Institute Achievements / Highlights
Chartered Accountancy Institute of Chartered Accountants of Pakistan Finalist
Certified Public Accountant Institute of Certified Public Accountants of Pakistan 1 paper left
Certified Chartered Accountant The Association of Chartered Certified Accountants In progress
Business Administration graduation New Ports Institute of Communication &
Economics
Secured 1
st
division
Higher Secondary Certification
(GCE A-levels equivalent)
Board of Intermediate & Secondary Education Secured First position in the board.
(Awarded with best performance Gold
Medal from Government of Pakistan)
Secondary School Certification
(GCE O-levels equivalent)
Board of Intermediate & Secondary Education Secured 1
st
division
LINE OF EXPERTISE
 External audits and reviews  Specialization in Oil and Gas sector audits
 Internal control reviews and development analysis  Specialization in Construction and MEP industry audits
 Corporate merger and group consolidation  Group reporting and financial reporting in line with IFRS
 Skills with budgeting, forecasting and cash flow
management.
 First time IFRS adoption
Key aspects of my career:
 9+ years of experience with large audit firms - leading to thorough knowledge of accountancy/finance and diverse industries;
 An instrumental and knowledgeable finance professional;
 Experienced in managing teams, mentoring and developing junior staff with proper counselling and on the job training;
 Proficiency in International Financial Reporting Standards (IFRSs) – enabling me to prepare and analyze effective financial
reporting for various clients;
 Experience in diverse sectors, primarily in Financial Sector, Automobiles, Public Sector Government Bodies and hospitality.
EXPERIENCE
Grant Thornton UAE (Assurance service)
January 2012 -
Present
Working as Audit Senior at Dubai office. My key responsibilities include:
 Conducting and supervising various group and statutory audits, group reporting assignments, group consolidations in accordance
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4. with IFRS and GTIL's globally adopted audit methodology;
 Review of government grants, grant budgeting and its application on various clients in UAE;
 Evaluation of various public sector projects in UAE developed by the Government in different Emirates. I was responsible for
suggesting accounting treatments on stage of completion and feasibility study on those projects;
 Review of various joint venture agreements between Government and developers and suggestion of benchmark accounting
treatment;
 Possessing in-depth knowledge of ERP systems i.e. Oracle, SAP, MS Dynamics and their implementation;
 Providing on-the-job training to team members;
 Conducting and supervising international audit assignments with Grant Thornton, Azerbaijan practice on frequent basis.
Supervising first time IFRS adoption assignments at major Aviation and FMCG companies in jurisdiction of Azerbaijan.
My experience in the Audit and Assurance Department of the firm has enabled me to develop a comprehensive understanding of the
competitive and regulatory environments of diversified industries and the accounting and internal control systems implemented at various
organizations. The list of most significant clients is produced on the next page:
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5. United Arab Emirates
Construction,
MEP industry
 Al Habtoor Leighton Group LLC
 Al Habtoor Specon
 Al Shafar Group
 Verger Delporte UAE
 Dar Al Rokham
Real Estate &
Property Management
 Cluttons LLC
 Mohammad Abdullah Al Moosa Real Estate
 IFA Hotels and Resorts
Financial Services  Dubai National Insurance & Reinsurance PSC
Automobile  Al Yousuf Motors LLC
 Habtoor Motors LLC
Government Sector  Sharjah Investment and Development Authority
 Falcon Group Dubai
Broadcasting  CNBC Arabia
Consumer Industrial
Products & Services
 Wafi Industrial LLC
 Rashideen Group
 Flint Middle East LLC
Hospitality & Leisure  Waldorf Astoria Palm Jumeirah
 Habtoor Hotels and Resorts
 Mohamed Omar Bin Haider Hospitality
Azerbaijan
Aviation  Silk Way Airlines LLC
Consumer Industrial
Products & Services
 Azersun Holding LLC
 Azerbaijan Salt Production Company PJSC
Trade Association  American Chamber of Commerce in Azerbaijan
A. F. Ferguson & Co., Chartered Accountants - Pakistan
June 2007 -
December 2011
ASSURANCE & BUSINESS ADVISORY SERVICES GROUP
Worked as Audit Senior. My key responsibilities included:
 Extensive experience and specialization in Oil and Gas sector external audits.
 Public accounting, statutory audits and financial reporting engagements at various manufacturing entities, financial services and
NBFIs;
 Reviewing compliance with applicable Financial Reporting Standards (IFRSs), local corporate laws, tax laws, protocols and
directives of regulatory authorities;
 Advising financial institutions on bench-marking of internal controls and procedures for implementing and harmonizing best
practices in industry;
 Planning, budgeting and human resource management on audits and other special nature engagements including team building,
leadership and on-job professional training of staff;
 Consultation on significant matters with client's management and other professional i.e. legal counsel, tax counsel, banks, agents,
IT experts.
The most significant clients that have contributed to my professional growth include:
ASSURANCE
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6. Oil, Gas and Energy  Shell Pakistan Limited
 Pak Arab Pipeline Company Limited
 Mobil Askari Lubricants (MAL) Pakistan Limited
Consumer Industrial
Products & Services
 Clariant Pakistan Limited (a subsidiary of Clariant AG, Muttenz, Switzerland)
 GlaxoSmithKline Pakistan
 Abbot Laboratories Pakistan Limited
 Indus Motor Pakistan Limited
Financial Services –
Banks
 Standard Chartered Bank Limited
 Bank Alfalah Limited
Financial Services -
Non-banking Finance
Institutions
 First National Equities Limited
 Pak Gulf Leasing Company Limited
 NIT (National Investment Trust Limited) Funds
 NAFA (NBP Fullerton Asset Management) Funds
Technology,
Information &
Communication
 KASB Technology Services Limited
Non-profit
organisation
 Karachi Centre for Dispute Resolution (Mediation service)
 Commecs Institute of Business & Emerging Sciences
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7. SPECIAL ASSIGNMENTS
Financing against
pledge of listed
securities
 Bank Alfalah Limited
I headed a team to review compliance by the bank with SBP directives and Stock Exchange Listing
Regulations and to report on issue of financing against pledge of listed securities (both equity and debt
instruments). This type of facility is supportive to secondary capital market and stock brokers/investors.
RISK ADVISORY SERVICES (RAS)
SOX 404 & COSO
[External Advisory
Service]
 The Royal Bank of Scotland-Pakistan
I have been part of the PwC's Advisory Team appointed by the Bank’s management to provide SOX 404 and
COSO advisory in accordance with the directives and requirements of the State Bank of Pakistan.
Covered following key banking functions including:
Centralised Trade
Finance division
Export Collection, export negotiation, export refinance, imports, domestic/
foreign remittances and NOSTRO reconciliation.
GIA (RBS Global Internal
Audit Division)
Review of internal audit framework, audit committee TOR and reports.
Compliance Division Review of internal compliance framework, Compliance Group scope and
functioning, Internal Control Division reports, Code of Corporate Governance.
Anti-fraud Review of Key Controls Standard (KCS), Key Risk Indicators Framework and
FALCOM system.
The advisory services mainly included the following:
 Development of control documentation in line with the COSO framework and PCAOB 2/5 guidelines
 Performing a risk assessment of the business sub-processes/sub-cycles for the purpose of identifying
design deficiencies. Benchmarking of controls with the requirements of the COSO framework,
International best practices and applicable statutory regulations
 Development and submission of “Gap Analysis & Recommendation Report” and the “To-Be Process
and Control Documentation”
 Development of Risk Control Matrices (RCMs) highlighting controls implemented on business
processes/cycles and sub-processes/cycles
 Risk-Asset-Review of the banks Consumer Auto Finance Portfolio. Involved in areas such as Insurance
Management, Tracker management and overall assessment of the health of bank's portfolio;
 Revision and upgradation of Charters (Terms of Reference) of the 'Audit Committee' and 'Internal Audit
Department' in line with the market benchmark practices and regulatory requirements for the banks;
 Revision and upgradation of the Internal Audit Policy Manual in line with the newly developed Internal
Audit Department's charter.
IT PROFICIENCY & PROFESSIONAL DEVELOPMENT
 Working and implementation experience of SAP and Oracle Enterprise Business Suite at various clients;
 Limited proficiency on MS Dynamics, SAGE, Navision and PRO Financials;
 Hands on experience and proficiency in using PwC audit software MyClient and GTIL's Voyager (with necessary audit tools);
 Professional working experience with MS Excel, MS Word, MS Visio;
 In-depth knowledge of IFRS, IPSAS, ISA, UAE Commercial Companies Law, UAE Labor Law, various Free Zone laws and other
notified regulations;
 Attended various in-house workshops and training sessions on the subject of audit methodology and group discussions on
applications of various accounting standards;
 Passed various e-learns (internal tests) as devised by PwC and Grant Thornton International for its audit and advisory personnel;
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8.  Ability to meet deadlines maintaining the quality of documentation and reporting.
INTERNATIONAL FINANCIAL REPORTING STANDARDS
Professional examinations of the Institute of Chartered Accountants of Pakistan (ICAP) which related to the detailed examination of IFRS
and related interpretations and my practical experience with audit firms has exposed me to in-depth understanding, practical implementation
and complexities of these standards.
SEMINARS, WORKSHOPS AND OTHER COURSES
Attended various seminars conducted by Institute of Chartered Accountants of Pakistan (ICAP), PricewaterhouseCoopers and Grant
Thornton UAE office on International Financial Reporting Standards, International Standards on Auditing, Code of Corporate Governance,
Derivatives, Taxation and other regulatory and professional issues.
PERSONAL DETAILS EXTRA CURRICULAR REFERENCES
Date of birth June 12, 1985  Professional teaching on Financial
Reporting, Audit and Corporate Laws at
various business schools;
 Participated in Chartered Accountants
Students’ Association (CASA) flood relief
program in year 2010.
Will be provided on request.
Marital status Married
Languages English, Urdu, Hindi AVAILABILITY
Nationality Pakistani Flexible on request
U.A.E Driving License holder
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