Riyadh Alshehri
Head of Internal Audit
Summary
Dynamic audit professional with extensive experience in Center of Government audit and compliance practices, recognized for enhancing compliance practices and driving strategic executive leadership. I have led the establishment of Audit department and committee in accordance to applicable laws and regulations. Demonstrated success in developing risk-based audit plans that significantly improve internal controls, ensuring organizational integrity and regulatory adherence.
Overview
13
13
years of professional experience
9
9
Certifications
Work History
Head of Internal Audit
Confidential Government
Riyadh
05.2024 - Current
- Establish and develop the Internal Audit Department, including recruitment, training, and mentoring of audit staff.
- Develop and implement comprehensive audit policies, procedures, risk assessment methodologies, and audit tools.
- Lead the development and execution of a risk-based annual audit plan, covering all significant risk areas of the organization.
- Provide strategic guidance and proactive recommendations to senior management and the Board of Directors on risk management, internal controls, and compliance.
- Oversee and manage audits, ensuring timely completion, accuracy, quality assurance, and adherence to best practices.
- Prepare and deliver regular audit reports, clearly communicating findings, risks, and recommendations to senior management and the Board of Directors.
Head Of Internal Audit
General Commission for The Guardianship of Trust Funds for Minors and Their Counterparts
09.2022 - Current
- Leading and managing a team of internal auditors, providing guidance, direction, and support to ensure that audits are completed in a timely, accurate, and thorough manner
- Overseeing the audit process, including scoping, risk assessment, planning, fieldwork, reporting, and follow-up, to ensure that audits are completed in accordance with internal audit standards and best practices
- Meeting regularly with the Audit Committee to report the status of Internal Audit that is ongoing monitoring activities, educate, or exposures
- Proactively inform senior management of significant risks or exposures related to internal controls, compliance, and governance requiring prompt attention
- Manage the audit process from start to finish autonomously, including planning and audit execution according to a risk-based approach, recommending internal control improvements (including operational enhancements or efficiencies) and preparing audit reports
- Effectively manage audit budget and deadlines and providing updates to Audit Committee and Executive Management on progress
- Manage the process to track, follow-up, and ultimately close all open audit issues with participation Audit Committee
- Performs other duties as assigned
Internal Audit Manager
Industrial and Commercial Bank of China
05.2022 - 08.2022
- Primarily responsible for auditing the Financial, Operational, Compliance & Governance functions
- Responsibility includes involvement in integrated audits, providing subject matter expertise and leading the execution of the audit process
- Conducted strategic and technical reviews to verify compliance with quality control standards, schedule constraints and budget parameters
- Recommended changes to management regarding financial and managerial operations
- Trained and mentored department staff on policies and procedures to establish strong foundation for client development and service activities
- Any other appropriate tasks, as directed
Audit Team leader
Zakat, Tax, and Customs Authority
05.2018 - 04.2022
- Primarily responsible for auditing the Financial, Operational, Compliance & Governance functions
- Responsibility includes involvement in integrated audits, providing subject matter expertise and leading the execution of the audit process
- Conducted strategic and technical reviews to verify compliance with quality control standards, schedule constraints and budget parameters
- Recommended changes to management regarding financial and managerial operations
- Trained and mentored department staff on policies and procedures to establish strong foundation for client development and service activities
- Auditing the internal and external tax requirements of large corporation Zakat, Tax and VAT declarations
- Examine entries to ensure that all the transactions are recorded according to the legal legislation
- Ensure that all large Companies are following the policies and regulations that organized in Saudi Arabia
- Participate in Large Taxpayers Administration projects and assignments as per the need
- Any other appropriate tasks, as directed
Assistant Accountant
ALROSAN Company
12.2011 - 02.2013
- Assisting accountants on delivered tasks
- Assist with month end preparation and close by completing the required general ledger entries
- Preparation of monthly balance sheet reconciliations
Education
Leadership Program - IIA KSA Internal Audit Leadership Program
Harvard
United Statse 02-2024
DIPLOMA OF GLOBAL GOVERNANCE -
International Business Management Institute
Berlin, Germany01.2022
MASTER Of BUSINESS ADMIMISTRATION - MBA - Accounting, International Business
Lewis University
Illinois, United States01.2017
DIPLOMA OF EXECUTIVE LEADERSHIP -
Lewis University
Illinois, United States01.2017
ADVANCED OF ENGLISH PROGRAM -
Loyola University Chicago
Illinois, United States01.2016
BACHELOR OF ACCOUNTING -
Imam Mohammed Ibn Saud Islamic University
Riyadh, Saudi Arabia01.2013
Skills
- Strengthened Compliance Practices
- Strategic Executive Leadership
- Long-Term Planning
- Commitment to Ethical Standards
- Effective Communication
- Strategic Problem Analysis
- Strategic Decision Making
- Effective Time Management
- Continuous Improvement
- Regulatory Adherence
- Cross-Cultural Understanding
- Strong Relationship Management
Certification
- Certified Chaif Audit Executive - CCAE
- Certified in Healthcare Risk Managment - CHRM
- Governance, Risk Management, and Compliance Professional - GRCP
- Governance, Risk Management, and Compliance Audit - GRCA
- Certificate in International Public Sector Accounting Standards - CERTIPSAS
- Certificate in International Financial Reporting - CERTIFR
- Certificate in International Auditing - CERTIA
- SOCPA VAT Specialist - VAT Specialist
Accomplishments
- Completed several significant projects during my tenure, including Risk Assessments, Information Technology Audit Procedures, Audit Policies and Procedures, and Internal Audit Automated System.
- Honored By His Excellency The Governor of General Authority Of Zakat and Tax with the Exceptional Performance Reward for the year 2020.
- Selected by the Director of Large Taxpayers Administration to present most reports from the department to others.
- Honored By The Director Of the English Language Learning Program Of Loyola University Chicago.
- Named as a Chief of Saudi Organization at Lewis University authorized from Saudi Arabian Cultural Mission (SACM).
- Honored By the Saudi Cultural Attaché in United States Of being connect to the most active volunteer events and activities planned and ran in Chicago.
- Participated in a conference in Key West, Florida and Las Vegas, Nevada.
- Presented a paper 'THE IMPACT OF THE ETHICAL BELIEF ON INTERNATIONAL MULTYDISCIPLINARY BUSINESS: CULTURE AND RELIGIOSITY'.
- Published my paper on the 'Journal of Strategic and International Studies'.
Vocational
- Excel PivotTables: Mastering PivotTables and Pivot Charts
- Excel: Analytics Tips
- Using Power BI with Excel
Timeline
Head of Internal Audit
Confidential Government
05.2024 - Current
Head Of Internal Audit
General Commission for The Guardianship of Trust Funds for Minors and Their Counterparts
09.2022 - Current
Internal Audit Manager
Industrial and Commercial Bank of China
05.2022 - 08.2022
Audit Team leader
Zakat, Tax, and Customs Authority
05.2018 - 04.2022
Assistant Accountant
ALROSAN Company
12.2011 - 02.2013
Leadership Program - IIA KSA Internal Audit Leadership Program
Harvard
DIPLOMA OF GLOBAL GOVERNANCE -
International Business Management Institute
MASTER Of BUSINESS ADMIMISTRATION - MBA - Accounting, International Business
Lewis University
DIPLOMA OF EXECUTIVE LEADERSHIP -
Lewis University
ADVANCED OF ENGLISH PROGRAM -
Loyola University Chicago
BACHELOR OF ACCOUNTING -
Imam Mohammed Ibn Saud Islamic University
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