Auditor

Responsibilities and Duties:

An Aviation Accounting Auditor plays a critical role in verifying financial accuracy, ensuring regulatory compliance,

and improving operational efficiency in the aviation sector. Below is a detailed breakdown of their key responsibilities:

Financial Audits and Verification

• Conduct regular audits of financial statements to ensure accuracy, transparency, and adherence to accounting standards such as GAAP and IFRS.

• Validate the accuracy of general ledger entries, reconciliations, accounts payable/receivable, payroll, and fixed assets.

• Analyze financial data to identify discrepancies, irregularities, or errors and recommend corrective actions.

• Verify all documents such as invoices, payment requests, reconciliations, paybacks, etc., issued from the accounting department before sending them for approval from senior management.

Regulatory and Compliance Audits

• Ensure compliance with industry-specific regulations and financial regulations affecting the aviation industry.

• Verify adherence to tax regulations, including local and international tax laws relevant to aviation operations.

• Review compliance with airport fees, leasing arrangements, operator agreements, warranty program

agreements, and insurance requirements as they relate to Ajlan family's operations.

Operational Audits

• Audit and evaluate operational costs, including but not limited to Jet Aviation's monthly invoice, handling, landing, catering, training, fuel expenses, maintenance costs, dispatching, and parts procurement.

• Review crew monthly expenses, hotel invoices, cash float, Vista Jet invoice payments, additional expenses, and fuel costs.

• Review maintenance invoices and compare them with tasks carried out on VPCDP’s aircraft to ensure accuracy.

• Assess the efficiency and effectiveness of procurement processes, vendor agreements, and lease

arrangements.

• Analyze expenses, categorize them, and ensure accurate financial reporting.

Internal Controls and Risk Management

• Identify areas of financial, operational, and regulatory risk specific to the aviation sector.