Senwelo Arabang

• Executing operational and financial audits of various business areas using risk-based audit methodology;
• Directing and educating junior team members on auditing techniques (on the job training/coaching), reviewing their progress and work for adequacy, in order to continuously develop their strengths and identify areas for improvement;
• Acting as Auditor- in-charge (reporting directly to Audit Manager & Partner) to ensure successful project completion in accordance with the established schedule and International Reporting Standards;
• Conducting Peer Reviews and Refining Audit files prepared by Other Audit Seniors and Audit Manager;
• Working independently and performing a variety of tasks in a fast-paced highly demanding environment;
• I often handle Research assignments delegated by the Audit Partner;
• Assignments completed are research on new IFRS standards and their application to audits, laws applicable to our audit clients under the Botswana Financial Intelligence Agency (FIA) Act , 2019, Ethical Standards & Professional Skepticism, and Preparing, Reviewing and Presentation of the audit firm's updated Audit Methodology;
• Deciding on best audit approach in conjunction with Audit Partner and Audit Manager;
• Allocating auditing work to junior and staff auditors to cover demand;
• Liaise between clients and audit staff to address concerns with procedures, scheduling or results;
• Creating and delivering training for junior auditors on correct procedures;
• Verifying accuracy, compliance and completeness of team auditing work;
• Conveying complex audit information to clients of diverse backgrounds;
• Prioritizing projects based on periodic schedules and immediate need;
• Developing presentations of audit findings for company leadership;
• Assessing company controls and potential risks against benchmarks;
• Recommending strategies for improving compliance and success of internal controls;
• Enhancing audit controls by improving planning and testing processes;
• Determining financial and operational audit areas, providing most economical and efficient use of audit resources;
• Identifying management control weaknesses and provide value added suggestions for remediation;
• Completing audit papers by thoroughly documenting audit tests and findings;
• Facilitating financial and operational audits, working with internal and external managers to communicate recommendations or issues surrounding audits;
• Upholding strict confidentiality protocols with client details and tax return information;
• Computing taxes owed by applying prescribed rates, laws and regulations;
• Diminishing outstanding debts by analyzing accounts for issues;
• Training new employees on accounting principles and company procedures;
• Collaborating with accounting manager to comply with governing bodies and limit regulatory risks;
• Evaluating design and operating effectiveness of audit areas;
• Providing journal entries and perform accounting on accrual basis;
• Developing and implementing corrective actions to bring business areas in line with standards.

• I was recruited at BOCRA as part of a special team to train and aid in the transition of BOCRA staff to a new Accounting software-Sage X3;
• My role also included working in the BOCRA Finance Department as an Audit and Accounting Officer whilst Sage X3 Consultants addressed any teething issues that 3 of my colleagues and I identified in the new software;

I also:

• Developed high-level knowledge of client business goals, policies and procedures to establish foundation for targeted problem solutions;
• Analyzed complex client problems and generated targeted solutions that resolved outstanding issues while enhancing client business positions;
• Trained and mentored department staff on policies and procedures to establish strong foundation for client development and service activities;
• Partnered with internal managers to deliver client proposals and presentations and increase department sales revenues;
• Conducted strategic and technical reviews to verify compliance with quality control standards, schedule constraints and budget parameters;
• Collaborated with accounting manager to comply with governing bodies and limit regulatory risks;
• Enhanced audit controls by improving planning and testing processes;
• Upheld strict confidentiality protocols with client details and tax return information;
• Completed audit papers by thoroughly documenting audit tests and findings;
• Initiated comprehensive account assessments to check viability, stability and profitability of business operations;
• Developed and implemented corrective actions to bring business areas in line with standards.

• In my engagement at Sefalana group Head office, I achieved the following:
• Assessing compliance with Financial Regulations;
• Testing various documents and reports for accuracy and compliance with Company Policy;
• Examining a wide range of documentation extensively in a short period of time;
• Identifying ongoing compliance issues, process weaknesses, and inefficiencies;
• Planned and executed operational audits of various business areas;
• Documented audit tests and findings;
• Reported directly to the Group Head of Internal Audit and advised on audit recommendations and internal controls;
• Worked independently on all audits;
• Tested the design and effectiveness of Internal controls by completing walk-throughs of business processes and analyzing results;
• Verified compliance of company controls with established policies;
• Auditing of assigned stores/subsidiaries in Gaborone, Lesotho and Namibia to check whether financial and operational procedures are being implemented effectively;
• Providing reports for sections audited for dissemination to management by Head of Internal audit;
• Making follow ups of Management Action Plans using internal audit follow up tracker;
• Evaluating and recommending improvements on operational processes and controls;
• Fostered strong working relationships with management and staff at subsidiaries and stores;
• Reviewed and updated audit work papers;
• Initiated follow-up efforts on outstanding issues to ensure compliance with enterprise-wide strategic risks;
• Maintained a thorough understanding of business processes, auditing standards and related risk and control frameworks;
• Performed internal audits of financial and departmental operations, developing risk assessments and conducting process walkthrough tests for compliance with documented processes;
• Investigated discrepancies discovered during auditing process;
• Recommended new methods to improve internal controls and operating efficiency;
• Performed strategic planning, execution and finalization of audits;
• Documented recommendations to improve internal controls.
• Reviewed and identified risks, analyzed controls and tested compliance;
• Reviewed conformity of financial statements with International Financial Reporting Standards (IFRS) as well as corporate regulations;
• Handled supervisor duties when manager was unavailable or out of office.

• During my employment at Deloitte & Touché, I developed the following abilities:
• Planning and preparing for an audit prior to its commencement (this involves obtaining understanding of client, objectives, internet research, review of prior year file, and management letters);
• Assisting in documenting the understanding of a client’s accounting systems and related internal control;
• Performing statutory work, summarization of minutes and review of relevant statutory documents;
• Creating and maintaining of the manual audit file;
• Communicating any issues arising to the supervisor/audit manager in a timely manner;
• Presenting work papers to the firm’s standard with a neat and logical flow;
• Understanding the firm’s Audit System concepts and policies and how to apply them in practice;
• Complete basic audit procedures in accordance with firm methodology by assisting as required on all audit assignments
• This included selection of items for audit testing, basic testing of transactions, verification of existence and ownership, participation in stock counts, casting and checking reports and correspondence, implementing the audit plan;
• Resolving all issues arising appropriately;
• Performing substantive audit procedures for complex account balances independently (with consultation where necessary);
• Evaluating the results of the substantive analytical review procedures and concluding on whether (and where) more detailed audit testing is required
• Performing appropriate research, and applying correct treatment to accounting transactions in terms of International Financial Reporting Standards and the other applicable regulations (Companies Act, VAT Act etc);
• Discussing with the audit supervisor the accounting implications of errors discovered during the audit;
• Performing the reporting section and ensuring that all documents were complete for small to medium engagements.