Muhammad Firdaus Idris
Senior Finance Compliance Manager at ACRA - Accounting and Corporate Regulatory Authority- Claim this Profile
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English, Malay, Bahasa Indonesia Professional working proficiency
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Bio
Credentials
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Chartered Accountant (CA)
Institute of Singapore Chartered Accountants (ISCA)Dec, 2014- Nov, 2024
Experience
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ACRA - Accounting and Corporate Regulatory Authority
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Singapore
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Government Administration
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1 - 100 Employee
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Senior Finance Compliance Manager
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May 2019 - Present
· Investigate into potential non-compliance with accounting standards in financial statements of listed and non-listed companies: - perform review of selected financial statements and announcements; - identify potential material non-compliance with the Singapore Financial Reporting Standards (SFRS) and the Companies Act; - enquire directors of listed and non-listed companies to gather the fact pattern and supporting documents; - assess directors' responses and evaluate and form a view on whether there is a material non-compliance with accounting standards including valuation issues; and - moderate discussion with accounting panel, directors and other stakeholders including presenting accounting facts and pattern. · Develop policies and work with stakeholders to improve the quality of and develop progressive financial reporting ecosystem in Singapore: - monitor accounting and related regulatory developments globally and consider their impact to Singapore; - drive or provide inputs on proposed changes to financial reporting and audit requirements in Companies Act, Listing Rules and other regulations; and - conduct study with academics, regulatory agencies to improve Singapore's accounting landscape. · Embrace design thinking, data analytics and digital solutions to monitor compliance with accounting standards and streamline work processes - leverage on technology to continually improve and streamline work process (eg. Robotic Process Automation, Python scripting and artificial intelligence) - perform statistical study to identify trends and monitor accounting compliances. Show less
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KPMG
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Canada
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Accounting
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700 & Above Employee
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Audit Manager
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Sep 2013 - Apr 2019
• Experience in statutory audit of clients in various industries such as trading, manufacturing, electronics, online business, pharmaceutical, mining, energy markets, investment and listed government bodies • Responsible for deliverables to clients, including assisting with the review of draft financial statements, review of internal controls and recommendations to management on areas of improvement such as control deficiencies, business process etc., providing accounting advise to Client and tax review. • Experience in handling Client that adopt reporting framework such as Singapore Financial Reporting Standards, International Financial Reporting Standards, USGAAP, PCAOB and SOX testing. • Manage audit engagement under supervision of Audit Partner from audit planning, risk assessment, audit testing and audit completion. • Reviewed audit working papers of subordinates and provided guidance to team members during the course of the audit • Provide training to external Client and audit staff including new standards. Show less
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Audit Senior
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Oct 2010 - Apr 2013
• More than 2 years audit experience in statutory audit on diverse portfolio of clients involved in trading, manufacturing, retail and consumer, money exchange and provision of consultancy services on both recurring and new clients • Met deadlines consistently as the auditor-in-charge of multiple concurrent engagements and various reporting engagements • Responsible for deliverables to clients, including assisting with the review of draft financial statements, review of internal controls and recommendations to management on areas of improvement such as control deficiencies etc. Show less
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Education
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2007 - 2010
Nanyang Technological University
Bachelor of Accountancy, Accounting
Community
