Sohail Shauket, Head of Internal Audit

About

A result-oriented, visionary, dynamic, charismatic, and straightforward Internal Audit leader with 22 years of work expertise of establishing, directing and overseeing of the Internal Audit function under the International Professional Practices Framework (IPPF) offered by the Institute of Internal Auditors (IIA), with the ability in delivering an independent, effective, and efficient internal audit service and having various industries experiences such as Automotive, FMCG, Logistics and Warehousing, Supply Chain, Freight and Forwarding, Retail, Manufacturing, Construction, Transportation, Production, Industrial, Hotel and Real Estate in GCC (Oman, Bahrain and Saudi Arabia). Directing and overseeing the implementation of data-driven dynamics and agile GRC integrated capabilities (Policy, Risk, Compliance, Internal Audit and Strategy) with all stakeholders across the organization to achieve principled performance as per “The Three Lines Model by IIA and OCEG GRC Capability Model”. Champion the implementation of GRC eco systems (Diligent HighBond GRC Platform, TeamMate, ACL, Arbutus Analyzer and Tenable). Streamlined business and operational processes that strengthened the control environment and contributed toward value creation and preservation. Facilitated the development of policy framework, unified policies, and delegation of authority (DoAs) across the organization to ensure controls adequacy and efficiencies. Participated with Group Ethic Committee in development and awareness of code of conduct policy, various fraud investigations, reporting and overall improving the ethical culture. Directed the quality control project of VAT implementation and ongoing periodic QC VAT before filing. Contributed (advisory role) in ERP implementation projects (Oracle EBS) and SAGE ERP business applications. Proven track record of recruiting, managing, and developing teams of professionals, and delivering world class audit and GRC services in an increasingly challenging and complex governance and compliance environment. Highly analytical with excellent corporate and commercial awareness, and communication and inter-personal skills.

Experience

Ali Zaid Al Quraishi and Brothers Ltd

Jan 2010 – Sep 2022

Saudi Arabia

Head of Internal Audit

• Promote alignment of GRC with organizational strategic, operational, compliance and technology ecosystem objectives and initiatives of the company. • Enhance accurate and timely communication of integrated insights about risks, issues, and opportunities that affect/could affect the company’s mission, visions, and strategic objectives. • Coordinate and collaborate among various stakeholders (The Three Lines) to attain integrated and aligned assurance pertain to risks, controls, and performance across the organization for providing the single source of truth insights to the board and board committees. • Direct the development of unified policies and delegation of authorities (DoAs) matrices and updates. • Spearhead the initiatives of promoting ethics and compliance culture being member of “Group Ethics Committee” Internal Audit. • Administer the implementation of Modern data driven internal audit platform integrated with other core GRC capabilities (Policy, Risk, Internal Controls and Strategy). • Mentor the development of risk-based dynamics audit plan and factored aligned assurance coverages by other assurance providers to cover wider scope, avoid duplication of testing and clear visibility over risk gaps. • Oversee the execution and reporting of regular internal audit projects, Adhoc requests and investigations to ensure its delivery with quality and commitments. • Formulate the continuous control monitoring program, development of data analytics scripts and its execution through robotics continuously per set and aligned frequencies. • Deliver the regular presentations to board committees, Group and Business Unit management on the status of open recommendations, aligned actions and any critical unaddressed risks insights for actions.

Oriental Printing Group

Nov 2005 – Nov 2009

Bahrain

Internal Audit Manager

• Devised an audit charter and manual to govern the Internal Audit function and propose a mandate. • Charted a comprehensive annual internal audit plan using appropriate risk-based methodology covering all company activities & operations, approved by Audit Committee. • Executed mandated internal audit assignments as per the audit plan and with reference to the Standards for the Professional Practice of Institute of the Internal Auditors (IIA). • Compiled and submitted the quarterly Internal Audit Report to Audit Committee specifying the findings, recommendations, corrective measures taken and recommendations pending for implementation and reasons thereof.

Shanfari Group of Companies

Jan 2000 – Jul 2005

OMAN

Group Internal Auditor

• Participated in preparing and finalizing the comprehensive risk-based Internal Audit Plans (short & long term). • Drafted the internal audit procedures and work programs for executing by staff auditors. • Prepared the finding templates with details of finding, risk, cause, recommendations for discussion with auditees for gathering initial feedback and clarification. • Assisted the Manager Internal Auditor in preparing the quarterly and annually audit results. • Conducted follow up with auditees for timely implementation of all management action plans and reported the status to the Head of Internal Audit.

Education

OCEG

Jan 2019 – Dec 2019

Governance, Risk and Compliance Professional (GRCP), GRCP

ACFE

Jan 2018 – Dec 2018

Certified Fraud Examiner (CFE), Fraud Examiner

ISACA

Jan 2010 – Dec 2010

Certified Information System Auditor (CISA), IT Audit

Institute of Internal Auditor (IIA)

Jan 2009 – Dec 2009

Certified Internal Auditor (CIA), Internal Audit

University of Azad Jummu and Kashmir

Jan 1995 – Dec 1998

MBA , Finance

Sohail Shauket

Head of Internal Audit

Skills

Languages