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Ameen M. Al Shami is a Partner of UTC International (“UTCINTL”). His areas of expertise include financial and management accounting, taxation, finance, external and internal audit in public and private sectors [including listed companies], and financial & business advisory.

Ameen’s responsibilities include managing external and internal audit assignments, as applicable, of commercial banks and companies and public sector agencies, conducting duediligence assignments, feasibility studies, assets valuations for large banks and companies, handling taxation and corporate legal matters requiring financial expertise, and, as needed, preparing expert reports.

With professional work experience of nearly three decades, Ameen’s major responsibilities involve the reviewing of audit engagement files, liaising with clients, assuring quality control, compliance with professional standards and legal requirements, and approving audit reports.

Ameen’s work experience covered the following principal activities:

• Performing, as applicable, the external and internal audit engagement planning, fieldwork, identification, development, documentation of audit issues, recommendations for corrective actions, and audit reporting;
• Managing the implementation of audit procedures including audit scheduling and adherence to audit methodology;
• Managing staffing needs including suitability assessment, training, developing and evaluating staff, and taking corrective action on audit work performance;
• Assuring that all laws, regulations, and statutory obligations have been complied with by the client and reporting on any regulatory investigations;
• Providing continuous assurance that the clients systematically meet and fulfill their ongoing regulatory and financial operations’ expectations through the proper execution of the external audit plan including the compliance with internal controls and procedures;
• Analyzing the security and effectiveness of internal controls and operating procedures to ensure the security of the client’s Information Technology network and disclosure of any reportable conditions, and material weaknesses;
• Reviewing of internal audit reports and discussing with internal auditors any problems and corrective actions on the internal controls;
• Making recommendations on the adequacy and effectiveness of accounting, operational and managerial controls for the client entity;
• Documenting the consideration of all audit reports and the respective clients’ responses and maintaining a corrective action log for reference at each meeting with the client[s] to monitor progress with audit observations and recommendations;
• Developing an annual risk assessment to develop the strategic external audit plan for understanding the identification and detection of fraud, and preparing the risk assessment plan, evaluating specific areas for audit, and organizing and leading teams in the audit process, together with reporting on results and proposing appropriate corrective action and process improvement;
• Maintaining and developing existing and new clients through appropriate propositions and ethical strategies to optimize quality of service and client business growth;
• Looking at more value, a workable return on investment [ROI] and actual business impact from perspective of the clients by understanding and appreciating the business dynamics, risk management, and the future trends, and proposing innovative and relevant solutions for the client businesses to be highly competitive and productive;
• Safeguarding and promoting UTCINTL's values and philosophy relating to professional ethics, integrity, and corporate social responsibility by planning and managing internal communications pertaining to UTCINTL's mission, strategic direction, aims, and activities.

Ameen regularly is an active participant of professional public seminars and international conferences, and is often invited to moderate the interactive sessions of these events.


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