Summary
Overview
Work History
Education
Skills
Accomplishments
Timeline
Languages
Generic
Tafadzwa Baye

Tafadzwa Baye

Sydney,Australia

Summary

AUDIT MANAGER.

Analytical Audit Manager leveraging exceptional risk management skills. Adept with financial statement review to identify errors. Highly knowledge with AASB, IFRS and International Auditing Standards.


The road to becoming a Chartered Accountant is more than purely accounting knowledge, the journey transforms you into an ethical business leader driven to create sustainable growth for both stakeholders and shareholders. At the end of my career, I hope to see my digital footprint in the world around me from bytes and acts of seamless service delivery through the journey. The era of guesswork is over, data analysis and interpretation will lead us into the future.

Overview

8
8
years of professional experience

Work History

Audit Manager

EY Australia
01.2022 - Current
  • Managing the audit engagement for both listed and non-listed companies by defining & executing the audit strategy, in consultation with the Senior Manager / Director / Partner in compliance with relevant policies and protocol.
  • First level detailed reviewer for significant and fraud risk areas e.g. goodwill & CGU impairment, complex revenue over time estimates, unbilled revenue accrual models, share based payments, etc.
  • Defining the strategy for highly automated processes including; identification of ITGCs, determining the ITGC strategy, coordination of IT Specialist teams and client IT teams, presentation of results of testing processing.
  • Efficiently managing the audit with appropriate consideration of audit risk issues and accounting technical matters to ensure timely completion of a high quality audit.
  • Preparation and/or first level review of audit planning presentation documents to be reviewed by senior audit executives for presentation to the client's Audit Committee (or Board of Directors in the absence of an Audit Committee).
  • Managing budgets and overall profitability, resourcing, fee negotiations, billing, code management and fee overrun negotiations, and fee collection operations to facilitate client payment of overdue invoices.
  • Managing fieldwork including liaising with other departments internally (E.g. Valuations specialists, IT Specialists, Actuaries, Sustainability Implementation and reporting specialists etc.) and externally (ie. with client teams including but not limited to managements specialists) where applicable.
  • Project management ensuring that all teams (including audit, other audit support specialist teams, and client's management team and their related specialists) adhere to the deadlines
  • Conducted audit and assurance wide training sessions for team members to enhance their understanding of new accounting standards, methodology changes and specialized auditing techniques e.g. use of data analytical tools for data driven audits, as part of the firms wider quality and risk management goals.
  • Recruitment related responsibilities including new hire interviews for staff to senior levels, and staff retention initiatives for high performing graduates as part of the firms wider human resource management.
  • Being a counsellor for a group of counselees at the staff levels which involves; providing mentorship, counselling, setting goals and defining expected outcomes to track progress, performance evaluation, monitoring personal development of counselees and tracking progress against rank expectations.

Audit Assistant Manager

EY
01.2023 - 07.2023


  • Performing planning of audits for both listed and non-listed companies and performing audit procedures over more complex audit areas (e.g. tax, share-based payments, goodwill, etc)
  • Evaluating internal controls across various business units, identifying weaknesses that could lead to financial misstatements or fraud (Including the evaluating controls in line with the requirements of J-SOX requirements for applicable entities). Maintained knowledge of applicable laws, regulations, and accounting standards, ensuring accurate application in all audit engagements.
  • Preparing technical memos on the appropriate treatment of specific accounting matters (e.g., goodwill impairment, business combinations & asset acquisitions, revenue from contracts with customers, leases etc.)
  • Review of client's annual reports including the financial statements, non-financial information, and other underlying data used in the preparation of the financial statements information such as the consolidation workings for group entities, cashflow forecasts, and budgets.
  • Preparation of audit planning presentation documents to be reviewed by senior audit executives for presentation to the client's Audit Committee (or Board of Directors in the absence of an Audit Committee).
  • Managing budgets, resourcing, fee negotiations, billing, code management and fee overrun negotiations, and fee collection operations to facilitate client payment of overdue invoices.
  • Managing daily client communication, fostering trust and open communication throughout the audit process.
  • Conducted audit and assurance wide training sessions for team members to enhance their understanding of new accounting standards, methodology changes and specialized auditing techniques e.g. use of data analytical tools for data driven audits.

Audit Senior

EY
02.2022 - 12.2022
  • Execution of audit engagements from planning to conclusion, leading audit fieldwork, managing performance of staff, and keeping engagement leaders (i.e. Managers, Senior Managers, Directors, Partners) updated on audit engagements.
  • Coordination of specialist teams assisting in the audit process (Valuations, actuaries, IFRS technical specialists)
  • Developed strong relationships with clients, interacting to collect all the necessary data to carry out the audit, addressing concerns promptly and providing timely updates on progress throughout the audit engagement process.
  • Assisted in the preparation of audit reports, presenting findings clearly and concisely to senior management, directors and partners for review.
  • Conducted walkthroughs of various business processes, gaining an in-depth understanding of operations and controls, while identifying potential control weaknesses.
  • Strengthened internal controls by evaluating the effectiveness of existing policies and recommending improvements where necessary.
  • Execution of a data driven audit using using advanced data analytics tools like EY Helix General Ledger Analyzer, Group Scoping analyzer, finance insights analyzer leading to more precise identification of audit risks, business performance trends and inconsistencies, covering larger data sets.
  • Evaluated critical business systems and processes, identifying areas of potential risk exposure and offering recommendations to mitigate those risks.

Audit Supervisor

EY Zimbabwe
08.2021 - 02.2022
  • Leading external audit engagements of listed and Large Private clients in the Mining, Manufacturing, Retail, Hospitality & Tourism, and Insurance sectors.
  • Managing client relationships, provision of key engagement updates to the manager, senior manager and client executives such as the Finance manager and Financial Director.
  • Coaching new employees and regularly facilitating office assurance training
  • Preparation of communications to the Audit and Risk Committee meetings and leading meetings held with clients regularly e.g. audit planning meetings, progress updating meetings, etc.
  • Lead coordinator for the business accelerator programme including identification of fast growing medium sized entities and coaching executive representatives of participating companies
  • EY Ripples Corporate Social Responsibility Leader for the Bulawayo office.

Audit Senior

EY
07.2020 - 08.2021
  • Developed strong relationships with clients gather all the necessary data and information to carry out the audit, addressing concerns promptly and providing timely updates on progress throughout the engagement process.
  • Building relationships with existing and prospective clients through EY Private initiatives due to strong connections within the community.
  • Supporting the planning, leading fieldwork, managing performance and keeping engagement leaders updated on audit engagements.
  • Assisted in the preparation of audit reports, presenting findings clearly and concisely to senior management for review.
  • Execution of audit work on key accounts and related disclosures including higher risk areas e.g. Revenue, Financial instruments, Inventory for Manufacturing clients, income taxes to ensure that financial information presented in the financial statements is free from material misstatement.
  • Conducted walkthroughs of various business processes, gaining an in-depth understanding of operations while identifying potential control weaknesses.
  • Performed data driven audits using advanced analytical tools like the EY GL Analyzer software which led to better identification of patterns related inconsistencies.
  • Leader of the EY Ripples Bulawayo team.

Audit Associate

EY
12.2015 - 07.2020
  • EY Social club Vice President for FY16
  • Prepared working papers, reports and supporting documentation for audit findings.
  • Interacted with the clients in order to collect all the necessary data/information, set-up and maintain audit files, prepare leads, etc.
  • Assisted in the preparation of audit reports, detailing findings and drafting recommendations for improvement where applicable.
  • Identified various risks and errors to propose corrective action to decision makers.
  • Performed auditing work in accordance with EY Global Audit Methodology (GAM) and International Accounting Standards and IFRS principles.

Education

Qualified Chartered Accountant -

Chartered Accountants Australia And New Zealand
Sydney, NSW
12.2023

Qualified Chartered Accountant -

Institute of Chartered Accountants of Zimbabwe
Harare, Zimbabwe
06.2023

APC - Assessment of Professional Competence -

Institute of Chartered Accountants
12.2021

ITC - Initial Test of Competence -

Institute of Chartered Accountants
09.2021

CTA - Certificate of Theory in Accounting -

Institute of Chartered Accountants & UNISA
Zimbabwe
12.2020

Bachelor of Accounting Science - Financial Accounting

University of South Africa (UNISA)
Pretoria, South Africa
12.2019

Skills

  • Microsoft Office Advanced Level of Competence (Excel, Word, PowerPoint, Outlook etc)
  • Analytics Based Auditing (Digital data driven audit) and Data Analytics
  • Financial statement review
  • Financial Analysis, cash flow analysis & budgeting
  • Advanced Application of AASB, IAS, IFRS and IGAAP
  • Sustainability Reporting Basics
  • Data Architecture
  • Risk Assessment
  • J-SOX Compliance
  • ITGC Controls design & evaluation
  • Client Relationship Management
  • Resource planning, team Building and Leadership

Accomplishments

  • Lead audit manager of a large Australian Energy Distribution Group (over $1.2bn revenue) including oversight of the group audit team and audit executives, as well as fostering collaborative relationships with internal and external specialists (e.g. valuations, actuaries, IT, IFRS technical). We successfully supported the client through a major ERP software transition through change management evaluation, internal control evaluation and design of the revised audit strategy resulting in the retention of the audit when it was put out to tender as a result of our exceptional service delivery. We also achieved a 2.4% margin improvement due a combination of our audit efficiency and fair negotiation of out of scope service fees.
  • Managed the audit of a large manufacturing client (circa $1bn revenue) which is a subsidiary of a listed global construction equipment company. In addition to meeting group reporting requirements and deadlines, I managed to improve fee retention through effective group scoping & resource utilization resulting in a 12% increase in revenue. As part of the group audit, I co-managed the evaluation of the company's adherence to J-SOX requirements.
  • Managed the audit of a large hospitality group (over $1.2bn revenue) as the regional component audit lead for the Pacific Region. Entity is a subsidiary of the listed global leaders in hotel management. In collaboration with the audit executives, we successfully transitioned from a legal entity based audit to segment based audit in line with the group requirements implementing a risk based audit approach, focusing on high-impact areas and providing assurance on the organizations most critical risks.
  • Management of the audit of multiple listed Junior Exploration companies managing client expectations and deliverables and evaluating adherence to relevant laws, regulations, and applicable financial reporting standards.
  • Simultaneously managed teams of 3-8 staff members per team with an average of 2-3 clients at a time.
  • Collaborated with team of 5 in the execution of the EY business Accelerator Program in Zimbabwe Designed to provide exponential growth guidance for Small-Medium entities through coaching on the EY Global 7 Drivers of Growth model designed to sustainably optimise businesses and providing networking opportunities.
  • Leader of the EY Ripples program for Bulawayo, Zimbabwe which is a CSR program designed to uplift communities. During my tenure we provided entrepreneurship coaching to a group of 6 underprivileged schools and managed to raise funds for the purchase of books and other educational materials.
  • EY Social club Vice President, Bulawayo - successfully founded the Bulawayo Inter-firms sports day designed to facilitate networking and boost employee morale within the accounting profession. The event is now an annual event sponsored by the various partnerships.

Timeline

Audit Assistant Manager

EY
01.2023 - 07.2023

Audit Senior

EY
02.2022 - 12.2022

Audit Manager

EY Australia
01.2022 - Current

Audit Supervisor

EY Zimbabwe
08.2021 - 02.2022

Audit Senior

EY
07.2020 - 08.2021

Audit Associate

EY
12.2015 - 07.2020

Qualified Chartered Accountant -

Chartered Accountants Australia And New Zealand

Qualified Chartered Accountant -

Institute of Chartered Accountants of Zimbabwe

APC - Assessment of Professional Competence -

Institute of Chartered Accountants

ITC - Initial Test of Competence -

Institute of Chartered Accountants

CTA - Certificate of Theory in Accounting -

Institute of Chartered Accountants & UNISA

Bachelor of Accounting Science - Financial Accounting

University of South Africa (UNISA)

Languages

English
Full Professional
Shona
Native or Bilingual
Ndebele
Full Professional
French
Elementary
Tafadzwa Baye