Derek Fan Yang

Job duties:

• Planned and programmed audit engagements across various industries and business sectors.
• Reviewed audit work performed during engagements.
• Reviewed financial statements and statutory accounts.
• Prepared audit reports with verified findings and well-supported opinions.
• Trained and supervised audit staff, monitored progress, and finalized audits with clients.

Achievements:

• Gained valuable audit experience with listed companies across industries including pharmaceutical, agriculture, furniture wholesale, and real estate.
• Lead in audit of a China-listed company (SGX main board).
• Performed discounted cash flow calculations for profit projections.
• Participated in IPO engagement (acquisition of a medical group in Russia).
• Recalculate tax computations.

Major duties:

• Planning and designing auditing projects and necessary tasks to be completed.
• Assigning roles to members of auditing team.
• Ensuring standards of quality and accuracy are maintained in audits and other financial reports.
• Meeting with management and stakeholders to discuss findings and audit outcomes.
• Submitting audits and reports in timely manner for further analysis by management.
• Reporting auditing issues and assisting in resolving them.
• Review small engagements and perform some assistant manager duties.

Achievements:

• Promoted as Assistant Manager since Jan 2022.
• More practice in lease calculation and ECL calculation, enhanced my understanding of FRS 116 and FRS 109.
• Taken in charge of audit of technology start-up, applying FRS 38 to better differentiate what to expense off and what to capitalize.
• Taken charge of few consolidated engagements, and gained better understanding of FRS 27, 28,3,and 10.
• Preparation of financial statements in accordance with Singapore financial reporting standard (SFRS).
• Prepare Tax-Computation over two years.

Major duties:

• Responsible for audit planning, system review and audit fieldwork.
• Carry out audit work of companies in various industries.
• Prepare statutory financial statements and audit finalization reports.
• Perform internal control testing.
• Familiar with regulatory and reporting requirements.
• Cultivate an engaging work environment that promotes a shared commitment to excellence for achieving the firm’s quality, client service, people, and financial objective.
• Provide quality assurance of audit file.

Achievements:

• Involved in Listed company audit, taking charge of audit of two entities of a Group.
• Involved in audit of construction company, Gained better understanding of FRS 115.
• More practice on finance lease calculation, gain better understanding FRS 116 through explaining the effect of initial adoption.
• Preparation of financial statements in accordance with Australian financial reporting requirements.

Job Duties:

• Conducted background research on clients, coordinated planning meetings with management and audit teams, proposed customized audit programs and timelines, and assessed financial statement and assertion-level risks.
• Performed audit procedures across various sections, including stock take and fixed asset sighting. Completed audit programs, prepared tax computations, and facilitated closing meetings with clients.
• Prepared statutory financial statements in compliance with Singapore Financial Reporting Standards and ensured timely submission of reports while meeting strict deadlines.

Achievements:

• Provide audit services to portfolio of diversified clients (Trading, investment holding and non-profit organization);
• Involved in consolidation of group accounts;
• Promoted as audit senior at second year with firm.

Job duties:

• Assisted audit seniors and managers in audit engagements by performing risk assessments, executing audit procedures, and preparing comprehensive working papers. Evaluated audit evidence, addressed client queries professionally, ensured proper documentation, and kept team leaders informed of key issues and developments.

Achievements:

• Undertake audit in various industries, have good understanding of relevant business and risk management issues and familiar with regulatory and reporting environment;
• Analytical, cheerful, with good inter-personal and communication skills.

• Post invoices into MYOB system.
• Process payment by cheque after invoice is authorized.
• Process payment by electronic funds transfer and assure accuracy of suppliers' bank account details after approval of authorizer. Reconcile suppliers' statement and payable reconciliation details report and deal with variances.