CA (Dr.) Sushil Kumar Lal
Chairman & Independent Director
B. Sc., FCA, CISA(USA), Ph.D (IFRS converged)
CA (Dr.) Sushil Kumar Lal is a Fellow Member of the Institute of Chartered Accountants of India, New Delhi and Senior Partner of Peer Reviewed Chartered Accountants Firm, New Delhi.
Dr. Lal has completed Certification Course on Alternative Dispute Resolution (ADR) which deals in Arbitration, Mediation, Conciliation and Negotiations & Forensic Accounting and Fraud Detection (FAFD), Ind AS and Executive Master Program-New Age Auditors from the Institute of Chartered Accountants of India, New Delhi.
Dr. Lal is visiting faculty of Indian Institute of Corporate Affairs for 11 month Valuation Course under Ministry of Corporate Affairs and empanelled as peer reviewer by the Peer Review Board of ICAI.
He was nominated as Co-opted member on the Committee on Accounting Standards for Local Bodies of NIRC of the ICAI for 2019-20, Deputy Convener of Accounting Standard Research Study Group of NIRC of ICAI (2011) and Member of Accounting Standard Research Study Group of NIRC of ICAI (2010).
In 2010, Dr. Lal was nominated as a Technical Advisor of The Institute of Chartered Accountants of Nepal.
He was Member of Finance Committee of Delhi Management Association (DMA), Delhi from 2018 to 2020 and Think Tank for finance committee of Delhi Management Association (DMA), Delhi in the year 2017-18.
Dr. Lal has diverse experience in implementation of International Financial Reporting Standard (IFRS), Indian Accounting Standards (IndAS),Nepal Financial Reporting Standards (NFRS), Accounting Standards and consultancy in various fields such as Taxation(Direct & Indirect), Accounting, Auditing, Banking, NBFC, Corporate Governance, Corporate& Finance Strategy.
Dr. Lal has enlightened the Audit Committee/ Top Management of Union Bank of India on various facts of Ind AS and the implications on implementation of the same in Bank. He has conducted training session on IFRS-9, IFRS-13 and Internal Controls in banking sector in Agricultural Development Bank (ADB), Nepal and also enlightened the Board/Top Management of ADB to implement NFRS in bank especially in estimating Expected Credit Loss (ECL) and Asset Valuation in Deposit and Credit Guarantee Fund (DCGF).
He was awarded for Commendable Contribution in activities of the profession from Northern India Regional Council of ICAI on 20th February, 2016 and received Certificate of Appreciation from the Institute of Chartered Accountants of Nepal (ICAN) in the gracious presence of Hon'ble Dr. Ram Baran Yadav, President of Federal Democratic Republic of Nepal in 2014.
Dr. Lal who firmly believes in Generation, Distribution & Sharing of knowledge. He has trained many CAs and other professionals for implementation and compliance of Indian Accounting Standards (Ind AS) and Accounting Standards (AS). He has attended more than 500 Audit committee meetings of the listed, unlisted Companies, Public Sector Undertaking and NBFC.