Faisal Jalal
Professional Qualification:
Fellow Chartered Accountant The Institute of Chartered Accountants of Pakistan
Experience prior to qualification:
Completed four years of stipulated training period (Year 1997: 2001) from A.F.Ferguson & Co., Lahore (a member firm of PriceWaterhouseCoopers). During association with the fore mentioned firm, planned and executed various statutory audits, and special assignments. Clients include:
1. Pakistan Telecommunication Company Limited
2. Punjab Road Transport Corporation
3. Holiday Inn
4. Tetra Pak Pakistan
5. Kohinoor Energy Limited
6. Shuakat Khanum Memorial Trust
7. Lahore University of Management Sciences
8. Credit Agricole Indosuez
9. The Bank of Punjab
10. Coca Cola Bottlers (Private) Limited (Due Diligence Audit)
Post-Qualification Experience:
A) Worked in Askari Leasing Limited, as Manager Accounts from June 2001 to February 2002. Tasks performed during the engagement included:
1. Management of accounts personnel, supervision of work, compilation of accounts and monthly reporting
2. Preparation of annual budget of the Company
3. Preparation of five year business plan for the Company
B) As Partner Uzair Hammad Faisal & Co., Chartered Accountants (March 2002 to date):
1. Have documented internal control system manuals for various clients. These assignments involve a study of the existing system of the organizations and their documentation. Additionally, the system is analyzed to identify areas that require simpler procedures and enhanced controls and accordingly changes are suggested, discussed and implemented.
2. Have been supervising staff placed at various clients that have outsourced their Accounts Departments to the firm. Such engagements involve, initially, setting up a suitable system of generating and recording transactions according to the need of the client’s business. Thenceforth, training staff allocated for the particular job about running the system effectively and efficiently. Regular supervision of the staff provides the clients with informative and timely reports to add value to the services.
3. Have been providing corporate and tax consulting services to various clients. Corporate services included drafting Memorandum and Articles of Association, incorporation of companies and thereafter dealing various corporate matters and representing in front of the authorities. For our tax clients performed tax planning, filed income tax and sales tax returns and represented them before appellate authorities.
4. Conducted various statutory and internal audits including audits of provident, gratuity and worker’s profit participation funds.
5. Have provided Consultancy Services to various clients for setting up accounting and internal control systems.
6. Have provided clients with customized software solutions. In such assignments have gathered client’s specific reporting requirements and studied existing business process on the basis of which customized software solutions were developed and implemented.
7. Have provided consultancy services to a client in implementation of SAP B1 ERP solution. In such assignments the role included liaison with Implementation Consultants and advising the client on the various implementation relevant issues.