WONGANI MZUMARA

Forensic Audits:

• Uncovered and investigated instances of fund misuse, preventing further financial losses and promoting ethical business practices.
• Played a crucial role in enhancing financial integrity within a government-invested Company, safeguarding the interests of government investors and stakeholders.
• Led a comprehensive forensic audit for the Company, focusing on equity utilization and revealing a pattern of financial irregularities, including dubious transactions related to fuel, plants, and other expenditures.
• Identified a concerning financial linkage where funds were diverted into a personal company, diverting resources meant for the Company's development.
• Delivered detailed findings and recommendations to senior management, highlighting financial discrepancies and potential fraudulent activities.
• Engaged in client interactions, effectively communicating complex forensic audit results to ensure transparency and understanding among stakeholders.
• Collaborated with relevant authorities to address and rectify fraudulent activities, contributing to the restoration of financial integrity within the company.

Training Program Audits:

• Assessed the utilization of funds allocated to training programs, ensuring effective deployment to enhance the skills and capabilities of targeted populations.
• Supported litigation through examination of canceled checks, invoices, and bank records related to training programs.
• Enhanced audit efficiency by streamlining internal processes and implementing new audit software for better tracking and analysis.
• Identified management control weaknesses and provided value-added suggestions for remediation to optimize training program outcomes.

Tax Audits:

• Researched technical tax issues to define the tax effect or impact of certain tax positions within the organization.
• Administered auditing program to address risks and evaluate compliance with regulatory requirements in the realm of taxation.
• Ensured adherence to company policies by reviewing employee expense reports for accuracy and tax compliance.
• Identified various risks and errors, proposing corrective action to decision-makers for improved tax compliance and efficiency.

Financial, Compliance, and Operational Audits:

• Conducted thorough financial, compliance, and operational audits, reducing risk exposure by identifying control weaknesses and proposing corrective measures.
• Prepared working papers, reports, and supporting documentation for audit findings, ensuring comprehensive documentation and reporting.
• Collaborated with project stakeholders, including government officials, implementing agencies, and local communities, to gather insights and ensure alignment with project goals.
• Developed and executed audit plans, incorporating risk assessment, data analysis, and thorough documentation to provide actionable recommendations for project improvement in the areas of digital connectivity and training initiatives.

• Responsible for external auditing of various financial statements sections i.e
• Profit and Loss sections, Property Plant and Equipment, cash and cash equivalents, payables, and taxation
• Checking and reported on internal controls to management and supplied comprehensive recommendations to mitigate associated risks
• Managing book-keeping and financial systems for various clients not based in Malawi
• Receiving invoices, processing invoices, processing and preparation of accounts payable transactions (age analysis) and making payments for various clients not based in Malawi
• Conducting tax due diligence and tax healthy checks to ensure that the clients are compliance with Malawi Tax laws and risk assertion
• Evaluating financial records of different organisations using accounting principles in order to determine taxable income according to Malawi Tax law
• Preparation and filling tax returns for corporate income tax, Value Added tax, non resident tax, pay as you earn and Withholding tax
• Handling Malawi Revenue Authority tax audits and investigations on behalf of Clients
• Facilitating the process of tax clearance certificates on behalf of clients
• Preparation of transfer pricing documents for various companies
• Preparation of tax advices for various clients and reviewing business processes and providing and preparations opinions/advice on tax implications of different cases
• Assisting in processing tax quality and risk management by processing clients in accordance and engagements for the tax department
• Assisting in preparation and of information for tax quality and risk management Audits

• Preparation of payments which include payment to suppliers, payment to staff expense claims and consultants
• Preparation of supplier reconciliations on monthly basis
• Preparation of statutory obligation payments which include withholding tax, value added tax and tevet levy making sure they are paid on time to relevant statutory authorities
• Posting and managing prepaid expenses making sure they are properly amortized
• Posting and managing accrued expenses making sure they are properly reconciled

• Test of Project expenditure for KGIS Project funded by DFID
• Test revenue transactions in the clients listed above
• Account Payables testing Audit of project expenditure
• Spot checks and expenditure verification for local government offices
• Payroll, administrative expenses, cash and bank and project capital expenditure Test of Bank reconciliations
• Test of Bank account balance retranslation

• Coordinating cash disbursements for activities
• Ensuring that the cash withdrawn is highly secured i.e
• Police escort from the point of withdrawal to the pay point
• Ensuring that the payment sheet to be used for disbursement is certified and stamped with UNICEF Stamp
• Verify names on payment schedules with those that are present at the payment venue, in case of any replacements the officer must ensure that proper procedures are followed to pay the right individuals
• Verify participants with their ID
• Ensuring that the payment sheet is supported with valid supporting documents after disbursement i.e in cases where there have been payments to suppliers
• Making sure to arrive at the pay point before the scheduled payment time
• Ensuring Implementing Partner (IP) contact person signs on payment sheet to certify that payment has been made
• Bank reconciliation of payments to cash in hand
• Deposit all balances from payments into UNICEF account
• Preparations of field reports including challenges faced
• Photocopying of the payment sheets and filing them in the archive for future references