Summary
Overview
Work History
Education
Core Values & Skills
Technical Skills
Timeline
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Mahad Farid

Garland,TX

Summary

Motivated and detail-oriented finance professional with a strong understanding of accounting principles and IFRS. Known for analytical thinking, delivering high-quality results, and maintaining a proactive approach to responsibilities. A quick learner and a dedicated team player, eager to contribute value and continue professional development in a dynamic work environment.

Overview

1
1
year of professional experience

Work History

Audit Associate

PricewaterhouseCoopers (PwC)
12.2023 - 03.2025
  • Executed end-to-end audit procedures on cash and bank balances, including review of bank reconciliations, examination of bank statements, testing of cut-off procedures, and coordination of direct confirmations, ensuring compliance with IFRS and firm audit methodology.
  • Performed end-to-end audit procedures on Property, Plant, and Equipment (PPE), including verification of additions/disposals, recalculation of depreciation, sampling for physical inspection, and evaluation of capitalization policies in accordance with IAS 16; assessed impairment indicators, and reviewed revaluation models.
  • Audited lease contracts and tested lease liabilities and right-of-use assets for compliance with IFRS 16, including the assessment of lease terms, recalculation of lease payments, verification of lease classifications (operating vs. finance leases), and evaluated whether any lease modifications existed, ensuring they were properly accounted for in accordance with IFRS 16.
  • Assessed credit risk management processes, customer invoicing, collections, and cash application to ensure adherence to policies and accuracy. Reviewed debtor aging reports and evaluated provisions for doubtful debts, applying ECL models where applicable. Conducted substantive testing and analytical reviews to ensure correct revenue cut-off and accuracy of Accounts Receivable balances.
  • Evaluated revenue recognition policies under IFRS 15 including the identification of performance obligations, transaction price allocation, and timing of revenue recognition. Performed substantive and control testing on sales processes, contracts, rebates, discounts, and deferred revenue balances. Conducted analytical procedures to verify revenue trends and detect irregularities or misstatements.
  • Reviewed and tested internal controls over accounts payable, including vendor onboarding, invoice processing, 3-way matching, and payment authorization. Analyzed aging reports and reconciled supplier statements to ensure accuracy and timely settlement of liabilities. Verified compliance with IFRS/local GAAP in expense recognition and accruals related to payables.
  • Key Clients Audited
    Engineering & Technology:
    - Siemens (Pakistan) Engineering Company Limited
    Fast-Moving Consumer Goods (FMCG):
    - Colgate-Palmolive (Pakistan) Limited
    Trading:
    - Louis Dreyfus Company Pakistan (Private) Limited
    Automotive:
    - Pak Suzuki Motor Company Limited
    E-commerce:
    -Jade E-Services Pakistan (Private) Limited
    Pharmaceutical:
    -Lundbeck Pakistan (Private) Limited

Education

(Still Enrolled) Bachelor of Science - Applied Accounting

Oxford Brookes University.
Oxford, England

Core Values & Skills

• Ethical Practice: Demonstrate unwavering integrity, transparency, and honesty in auditing practices.

• Client-Centric Approach: Provide exceptional audit services, prioritizing client satisfaction and value-added deliverables.

• Collaborative Mindset: Effectively team with diverse stakeholders, fostering open communication and mutual respect.

• Quality Excellence: Consistently deliver high-quality audit reports, leveraging innovative techniques and best practices.

• Interpersonal Excellence: Build strong relationships through empathetic and respectful communication.

• Professional Accountability: Take ownership of audit outcomes, ensuring accuracy, reliability, and timely completion.

• Innovative Problem-Solving: Embrace cutting-edge auditing tools and methodologies, driving creative solutions.

• Resource Optimization: Exercise responsible stewardship of client and firm resources, promoting sustainability.

Technical Skills

• Accounting & Reporting: IFRS, financial statements, accounting software (Aura)

• Auditing & Assurance: Auditing standards, audit procedures, audit tools (Aura)

• Financial Analysis: Financial statement analysis, financial modeling, data analytics (Excel)

• Technology: Microsoft Office, Hands-on experience of SAP and Oracle

Timeline

Audit Associate

PricewaterhouseCoopers (PwC)
12.2023 - 03.2025

(Still Enrolled) Bachelor of Science - Applied Accounting

Oxford Brookes University.

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Mahad Farid