Sushil Khatiwada

• Executed statutory audits and internal audits of commercial banks, financial institutions, and insurance
companies in compliance with Nepal Rastra Bank (NRB) and Nepal Insurance Authority (NIA) regulations.
• Reviewed and signed off on separate and consolidated financial statements (Balance Sheet, P/L, Cash Flow Statement) ensuring true and fair view under NFRS.
• Verified loan portfolios, NPA classification, provisioning, and NBA bookings in bank audit; assessed
premium income, claims, and underwriting in insurance audits.
• Reviewed investment portfolios, treasury operations, reinsurance arrangements, and KYC/AML
compliance.
• Examined and analyzed branch operations, revenue leakages, and operational risks.
• Prepared comprehensive audit reports with findings and actionable recommendations.

• Led end-to-end statutory audits — planning, control testing (Design & Implementation/Operating
Effectiveness), substantive testing, and audit documentation as per Deloitte Audit methodology.
• Reviewed and signed off on separate and consolidated financial statements (Balance Sheet, P/L, Cash
Flow Statement) ensuring true and fair view under IFRS and IND AS.
• Managed quarterly/limited reviews of listed clients including detailed variance analysis of balance sheet
and P&L items.
• Handled restatement of financial statements for prior-period errors and complex areas including
borrowings.
• Conducted tax audit finalization and income tax working across all applicable clauses of the Income Tax
Act, 1961 .
• Performed risk assessment, developed risk-based audit plans, and executed substantive procedures
(sampling, vouching, analytical review).
• Tested Internal Financial Controls (IFC); evaluated design and operating effectiveness of major business
cycles — Revenue, Operating expenses, Payroll, Receivables, Payables, PPE, and Leases.
• Reviewed revenue recognition, lease accounting, impairment assessment, PPE recognition, depreciation
calculation and provisioning in line with applicable accounting frameworks.
• Ensured adherence to firm quality standards, documentation requirements, and engagement timelines throughout the audit cycle.
• Supervised and mentored junior team members; maintained strong client relationships and ensured timely
audit closure.

• Executed statutory audits and internal audits of commercial banks, financial institutions, and insurance
companies in compliance with Nepal Rastra Bank (NRB) and Nepal Insurance Authority (NIA) regulations.
• Reviewed and signed off on separate and consolidated financial statements (Balance Sheet, P/L, Cash
Flow Statement) ensuring true and fair view under NFRS.
• Verified loan portfolios, NPA classification, provisioning, and NBA bookings in bank audit; assessed
premium income, claims, and underwriting in insurance audits.
• Reviewed investment portfolios, treasury operations, reinsurance arrangements, and KYC/AML
compliance.
• Examined and analyzed branch operations, revenue leakages, and operational risks.
• Prepared comprehensive audit reports with findings and actionable recommendations.

• Participated in audit of core business processes from planning through control testing to substantive
testing and conclusion.
• Contributed to due diligence assignment (Net Working Capital calculation) and business process
streamlining on TATA Groups acquisition of Usha Martin.