Basic Info

Mahmoud Ebeid

12 years

Cairo Governorate, Egypt

Bachelor's Degree

Manager

Work Experience

Audit Manager at Ernst and Young

Experience Details

Audit Manager

Accounting/Finance

Manager

Prepare annual budget and allocate assigned resources to conduct assigned work.
Follow staff changeability to make sure it's reflected in periodical revenue and cost reports
Monitoring weekly reports initiated from system for actual records against budget
Perform negotiations with clients for extra billings represents in overruns and out of scope services
Perform performance review for team members at the end of each engagement
Act as counselor for office staff and help them achieve their goal plans and professional
development.
Ensure that audit and other types of engagements are performed according to Ernst & Young Global Audit Methodology, summarized in the following steps:
- Understand Clients’ business and the environment in which they operate.
- Identify business risk
- Understand the entity level controls and the main operating cycles e.g. Revenues, Purchases, Cash receipts and disbursements, Inventory and Cost of sales and Payroll tax, closing process.
- understand the IT environment and determine effect on the Company's operations and the audit strategy.
- Perform walk-through of controls to test the effectiveness and applicability of related process and to develop an expectation of control risk and to determine usefulness of testing controls and rely on them through the audit process.
- Design and perform substantive audit procedures represented in analytics and test of details which include accounts to be audited noting materiality and sample volume.
- Advise client management of accounting treatments and recommend to them how to enhance controls implemented
* Ensure that financial statements are prepared in accordance with the required accounting frame.
* Check the reliability of cost systems implemented and make sure that year end inventory is valuated based on the company's policies and the accounting standards applicable.


Company Details

Ernst and Young (multinational)

Cairo, Egypt

More than 1000 employees

Accounting and Auditing Services

www.ey.com

Oct 2015 to present (1 year 6 months)
Assistant Manager at Ernst and Young

Experience Details

Assistant Manager

Accounting/Finance

Manager

1-Act as the primary in-charge for executing the audit process

2-Manage the on job training and guide the assigned resources

3-Perform meeting with clients management to schedule the audit process and determine required deliverables

4-Allocate the audit engagement tasks on the assigned resources

5-Guide the allocated resources and review their work on a timely manner to detect and prevent audit issues and judgmental errors

6-Report audit findings to the Audit Manager

7- Ensure that audit and other types of engagements are performed according to Ernst & Young Global Audit Methodology, summarized in the following steps:
- Understand Clients’ business and the environment in which they operate.
- Understand accounting principles used and significant judgments and estimates made by management.
- Identify risk that could be associated with the clients’ business.
- Understand the entity level controls and the accounting cycles e.g. Revenues, Purchases, Cash receipts and disbursements, Inventory and Cost of sales and Payroll etc.
- Perform walkthrough of controls in order to develop an expectation of control risk that could exist to decide whether to test them or not. - Design and perform substantive audit procedures which include accounts to be audited noting materiality and sample volume.




Company Details

Ernst and Young (multinational)

Cairo, Egypt

More than 1000 employees

Accounting and Auditing Services

www.ey.com

Oct 2012 to Sep 2015 (2 years 11 months)
Associate Auditor - Senior Auditor at Ernst and Young

Experience Details

Associate Auditor - Senior Auditor

Accounting/Finance

Experienced (Non-Manager)

Ensure that audit and other types of engagements are performed according to Ernst & Young Global Audit Methodology, summarized in the following steps:
- Understand Clients’ business and the environment in which they operate.
- Identify business risk
- Understand the entity level controls and the main operating cycles e.g. Revenues, Purchases, Cash receipts and disbursements, Inventory and Cost of sales and Payroll tax, closing process.
- understand the IT environment and determine effect on the Company's operations and the audit strategy.
- Perform walk-through of controls to test the effectiveness and applicability of related process and to develop an expectation of control risk and to determine usefulness of testing controls and rely on them through the audit process.
- Design and perform substantive audit procedures represented in analytics and test of details which include accounts to be audited noting materiality and sample volume.


Company Details

Ernst and Young (multinational)

Cairo, Egypt

More than 1000 employees

Accounting and Auditing Services

www.ey.com

May 2003 to Sep 2012 (9 years 4 months)

Achievements


I was acting as Manager on the IPO of Arabian Food Industries Company for Dairy Products "Domty" as a replacement for the original Manager who resigned, The nature of the job was very tough, since the client staff are not used to Big Four Firms audit, the Management imposed intentionally restrictions on records specially those related to costing and bill of materials which include products ingredients, by negotiation I managed to obtain the data and utilized my staff to meet deadlines, the second challenge was to meet the level of quality required by Ernst and Young Capital Market department in Dubai. the job despite huge fees was subject to be cancelled several times but at the end we managed to cover all risk areas and obtain extra analysis to support our opinion.

Education

Bachelor of Accounting in Accounting

Education Details

Bachelor of Accounting

Accounting

Ain Shams University, Egypt

Not specified

N/A

N/A

Ain Shams University
1996 - 2000
High School - Thanaweya Amma

High School Details

Thanaweya Amma

Abbass Elakkad Expiremental School

Egypt

1995

C / Good / 65 - 75%

N/A

Abbass Elakkad Expiremental School
1995

Certifications

CPA
Jan 2012

Certificate details

CPA

Jan 2012

N/A

https://nhlicenses.nh.gov/verification/Details.aspx?result=f3c66aff-c1c2-4ee4-bf88-e9ae5590580a

6969

New Hampshire Board of Accountancy

Passed the Uniform CPA exam while registered at California Board of Accountancy.

Transferred grades to New Hampshire Board of Accountancy and obtained CPA License No:6969

Training and Courses

Training/Course Details

CPA lectures

Jun 2011

Ernst and Young

N/A

Training/Course Details

Presentation skills

Dec 2014

Ernst and Young

N/A

Training/Course Details

Caseware - Audit software

Jun 2004

Ernst and Young

CaseWare Working Papers is highly flexible engagement software that provides you with everything you would expect from an assurance and reporting tool plus much, much more! Engagements are planned, performed and reviewed entirely on screen, completely eliminating paper.

Training/Course Details

IFRS

Oct 2014

Ernst and Young

N/A

Training/Course Details

Negotiation Skills

Jun 2006

Ernst and Young

Prepare a negotiation strategy, taking account of entry and exit positions Master and deploy a range of effective negotiation tactics Manage and execute negotiations using personal communication skills to optimise outcomes for your organisation

Training/Course Details

Web developer and ecommerce design

May 2002

IBM - CIWcertified

After my graduation, I've shifted my career to study web developing at IBM and my specialization was to implement electronic commerce into commercial websites. during my study I've learnt the fundamental concepts of Computer programming, maintaining database systems and security. due to the dramatic changes and the lack of popularity of ecommerce during that time, I decided to return back to my old career, at first I thought that my experience in that field will be useless but sooner realized that it will complement my old career as it's axiomatic for everyone the integration of IT in big firms activities and the increased reliance on IT systems and IT automated controls

Training/Course Details

Data analysis

Oct 2015

Ernst and Young

To extract value from big data, it must be processed and analyzed in a timely manner, and the results need to be available in a way that can effect positive change or influence business decisions. The effectiveness also relies on an organization having the right combination of people, process and technology. Analytics helps to optimize key processes, functions and roles. It enables organizations to meet stakeholder reporting demands, manage massive data volumes, create market advantages, manage risk, improve controls and, ultimately, enhance organizational performance by turning information into intelligence.

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Profile Skills and Keywords

AccountingAccounting And Auditing ServicesAnalyticalArabicAssistant ManagerAssociate Auditor - Senior AuditorAudit ManagerCPACPA LecturesCaseware - Audit SoftwareCost AccountingCustomer-orientedData AnalysisEnglishErnst And YoungExternal Financial Statements AuditFinanceFinancial Statements PreparationHard WorkerIFRSInsuranceInternal Control And Risk AssessmentLocal LawsNegotiation SkillsPresentation SkillsProblem SolverSupportiveWeb Developer And Ecommerce Design

Self-assesed Skills

Languages

Arabic

Arabic

: Fluent

: Fluent

: Fluent

: Fluent

English

English

: Fluent

: Fluent

: Advanced

: Advanced

Fields of Expertise

Financial statements preparation

Financial statements preparation

: Expert

: Extreme - I love it!

:

More than 7 years

Internal control and risk assessment

Internal control and risk assessment

: Advanced

: Extreme - I love it!

:

More than 7 years

Cost accounting

Cost accounting

: Advanced

: Extreme - I love it!

:

More than 7 years

External Financial Statements Audit

External Financial Statements Audit

: Advanced

: Extreme - I love it!

:

More than 7 years

Local Laws

Local Laws

: Intermediate

: Extreme - I love it!

:

More than 7 years

Key Skills

Analytical, Hard worker, Customer-oriented, Problem Solver, Supportive

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