SAP software
Noloyiso Magungxu CA(SA)
Junior Audit Manager
Port Elizabeth
Summary
I am a qualified Chartered Accountant with a demonstrated history of working in the Auditing industry. I have audit experience which spans across multiple industries such as manufacturing, professional services, financial services, crypto currency, aerospace, retail, gaming etc.
I also have Public Sector Audit experience where I performed external audits on Municipalities, Provincial departments, Technical and Vocational Education and Training Colleges & the South African Postal services sector.
I am skilled in Accounting, US GAAP, UK GAAP, PCAOB audits, IFRS, Treasury regulations, PFMA, MFMA, Companies act , Internal Controls, Financial Statements, and External Audit.
Overview
13
13
years of professional experience
Work History
Junior Audit Manager
BDO UK Offshore division
01.2021 - Current
- Working on a range of BDO UK clients with specific focus on UK clients that are listed in the USA
- Assist audit manager with tasks as required
- Coaching of junior staff members
- Completion of execution on sections (normally significant risk or complex sections)
- Completion of analytical reviews on an overall entity basis as well as on specific sections
- Review of technical memos
- Compiling of technical memos
- Review of consolidation workings
- Review of specific SEC reporting documents
- Ability to meet tight deadlines and work well under pressure
- Flexibility in terms of working hours to align to the UK when required
- Excellent communication skills
- Independent worker who needs no supervision
- Obtained an understanding of UK GAAP, FRS 102, IFRS, US GAAS & SEC reporting requirements
Senior associate 2
PWC Inc
03.2020 - 04.2021
- Reviewing financial statements in accordance with IFRS and IFRS for SME's
- Perform work requested by audit teams, e.g
- Agreed upon procedures, rolling forward audit files, performing tests of detail / tests of controls
- Assist with the review of work performed by junior staff e.g
- Control logs, tests of details etc
- Assist with planning, execution and review of group deliverables management
- Assist in monitoring compliance with independence and training requirements
- Perform general auditing functions according to PwC methodologies including but not limited to group deliverables checking and casting of complex financial statements
- Review, coordinate and summarise ISA 402 supporting documentation
- Work within Budget allocations and prepare budgets for new requests that are of a standard nature
- Coaching of junior staff members
Trainee Auditor
Auditor General South Africa
01.2017 - 09.2019
- Perform audit procedures whilst working closely with the Audit Team
- Responsible to the Assistant manager for carrying out the work allocated to myself
- Keeping the Assistant manager informed of progress and of any problems or difficulties with that work and strategies to overcome challenges faced
- Directed and educated junior trainees on auditing techniques and software
- Documented audit tests and findings after discussion with the auditee
- Tested the design and effectiveness of internal controls by completing walkthroughs of complex business processes and analyzing results and identifying risks
- Preparation of draft management report
- PORTFOLIO OF CLIENTS AUDITED: Cabot credit management Group, Blockchain, B&W Group, Avanti Communications group, Bolton at Home Limited, Cheetah Holdings Limited, Crop Demetra Limited, DAZN Group Limited, Ernst & Young LLP, Genius Sports Group, Holman Fenwick LLP, Lawyers on Demand, Orbital Express Launch Limited, R3 Holdco LLC, SGHC Limited, Betway Group Limited, Foundry Visionmongers Limited, Together Housing Group, Wallbox NV, PE TVET College, EC Office of the Premier, Nelson Mandela Metropolitan Municipality, Amahlathi Local municipality, EC Department of human settlements, KSD local municipality, South African Post office, University of Fort Hare, True Property group, ISRI ISRINGHAUSEN
Trainee Accountant
KPMG
03.2016 - 12.2016
- Perform audit procedures whilst working closely with the Audit Team
- Responsible to the auditor in charge for carrying out the work allocated to myself
- Keeping auditor in charge informed of progress and of any problems or difficulties with that work
- Ensuring that work is documented and concluded in accordance with the Firms policies and procedures
- Timely completion of Skills reviews and ANA's in accordance with the SAICA regulations
- Set clear objectives and prioritizing of tasks
- Executed regularity audits of various clients using risk-based audit methodology
- Documented audit tests and findings on working papers in compliance with the firm's methodology
- Performed agreed upon procedures at University of Fort Hare
- Performed reasonable assurance audit for True Property group together with its subsidiaries
- Performed reasonable assurance audit at ISRI ISRINGHAUSEN, a manufacturer of innovative seating systems
- Performed reasonable assurance audit at King Sabatha Dalindyebo municipality
- Supplementary instruction leader for Macro-economics module
Supplementary instruction leader
Nelson Mandela University
02.2012 - 11.2012
- Establish relationship with my students
- Collect and sort out resources that will be useful to my students e.g
- Previous question papers, simplified explanatory examples
- Conduct 2 weekly sessions
- Assist students with test and exam preparations and exam technique
- Make use of weekly planning schedules and take a register for each session conducted for review by the supplementary instruction supervisors
- Set clear objectives and plan activities
- Manage personal performance
- Draw up, stick to and meet deadlines
- Ability to work both clearly and accurately under pressure
- Work effectively in teams
- Developed my communication skills
Education
Bcom Honours in Accounting (CTA) - Accounting
Nelson Mandela Metropolitan University
Port Elizabeth, South Africa01-2015
Post Graduate Diploma in Accountancy - Accounting
Nelson Mandela University
Port Elizabeth, South Africa 04.2001 -
Bcom Accounting degree -
Nelson Mandela University
01.2012 - 12.2012
Matric -
Vulindlela High School
Port St Johns 01.2009 - 12.2009
Skills
Audit management
Audit planning
Financial statement review
Writing and reporting
Time management skills
Budgeting & Forecasting
Group (Consolidation) Accounting
Financial Reporting & Compliance
Detail orientation
Websites
Accomplishments
- Qualified as a chartered accountant
- Supplementary instruction leader
- Obtained Scholar Merit Award: Nelson Mandela Metropolitan University - 2013
- Top Student Award in Matric
- One year Eskom merit bursary
- Residence mentor
Software
Teammate audit software
Microsoft Excel and Word
Caseware
Workday accounting software
Aura platinum
Oracle
References
Contact person: Chwayita Somsam
Position: Audit manager ECBU
Institution: Auditor General of South Africa
Cell: 083 266 3766
Contact person: Lungile Bitane
Position: Audit Manager
Institution: BDO Offshore
Cell: 073 848 0673
Timeline
Junior Audit Manager
BDO UK Offshore division
01.2021 - Current
Senior associate 2
PWC Inc
03.2020 - 04.2021
Trainee Auditor
Auditor General South Africa
01.2017 - 09.2019
Trainee Accountant
KPMG
03.2016 - 12.2016
Supplementary instruction leader
Nelson Mandela University
02.2012 - 11.2012
Bcom Accounting degree -
Nelson Mandela University
01.2012 - 12.2012
Matric -
Vulindlela High School
01.2009 - 12.2009
Post Graduate Diploma in Accountancy - Accounting
Nelson Mandela University
04.2001 -
Bcom Honours in Accounting (CTA) - Accounting
Nelson Mandela Metropolitan University
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