Muhammad Rai

Background

About Muhammad Rai

Key Highlights: Corporate reporting – experience of preparation of statutory financial statements under IFRS and UK GAAP (FRS102, FRS 101). Experience of valuation of derivate instruments, thorough knowledge of various financial reporting frameworks including IFRS’s, and UK GAAP. Worked with number of clients on GAAP conversion from UK GAAP to IFRS and to FRS 102. Experience of preparing cash flow forecasting, preparation of management accounts. Risk Based Auditing – extensive experience of risk based auditing of the statutory financial statements, from scoping of the audit engagements through to preparing and presentation of the findings to the Board and Audit Committee. Experience of performing regulatory client money and client asset audits. Tax – experience of preparing and submission of corporation tax returns, vat returns and payroll management. Controls assurance – experience of reviewing and perform the control testing. Preparation of control findings by documenting the design and operating effectiveness of controls within SAS70 and AAF reports. Internal audit – experience of working on internal audit projects. Consolidation / Group Reporting – experience of preparation and review of complex group consolidation financial statements. Global teams – Experience of working on multinationals with the firm’s global teams. Other – preparation of budgets, managing cash flow and credit control for a portfolio of clients, acting as a mentor for newly qualified chartered accountants, identifying the training requirements and helping in achieving career goals. Involvement in business development activities. Other Key Headlines: Worked as PwC Technology Transformation Champion, Place winner in ACCA exams