Overview
CA (Dr.) Sushil Kumar Lal is a distinguished academician and governance professional whose work has significantly influenced corporate governance frameworks and institutional accountability in India and abroad. A Fellow Chartered Accountant (FCA) and Doctorate (Ph.D.) in Commerce, Dr. Lal has dedicated his career to integrating robust governance principles into higher education, financial institutions, and public sector enterprises.
He currently serves as the Chairman of the International Business Valuers Association (IBVA) — a Registered Valuers Organisation recognized by the Insolvency and Bankruptcy Board of India (IBBI) for all three asset classes: Land & Building, Plant & Machinery, and Securities or Financial Assets. In this leadership role, he plays a pivotal part in advancing valuation education, upholding professional standards, and fostering regulatory compliance within India’s dynamic insolvency and valuation landscape.
Dr. Lal is also the Managing Partner of a Peer-Reviewed Chartered Accountants firm based in New Delhi.
With extensive experience in advisory roles across academic councils, boards of governors, and regulatory bodies, Dr. Lal has led strategic initiatives focused on transparency, risk oversight, ethical leadership, and policy formulation. His contributions to corporate governance are rooted in both academic rigor and practical application—making him a sought-after expert in aligning governance structures with evolving regulatory and stakeholder expectations.
Core Areas of Expertise:
- Corporate Governance and Ethics.
- Board Advisory and Institutional Oversight.
- Public Sector Financial Accountability.
- Forensic Accounting & Regulatory Compliance.
- Financial Reporting Standards (Ind AS, IFRS, IPSAS, NFRS).
- Internal Controls and Risk Management.
Dr. Lal has served as a resource person and keynote speaker at various national and international forums on governance, banking regulation, and financial reform. His thought leadership extends to the training of top management, audit committees, and financial executives in governance frameworks and implementation strategies.
In recognition of his governance-led academic leadership, Dr. Lal has received multiple honors, including commendations from professional bodies, public institutions, and international forums. He continues to mentor emerging professionals and academic institutions in embedding governance excellence at the core of their operational and strategic frameworks.
Research & Publications
CA (Dr.) Sushil Kumar Lal has authored several research papers featured in national and international journals. His notable works include:
- A chapter contribution to the CA Reference Manual (NIRC, ICAI Delhi) on the Harmonization of Accounting Standards by various regulatory bodies in India.
- A paper on “Ind AS 115: Revenue from Contracts with Customers – Overview and Impact on Key Sectors” published in the Handbook of Modern Research Trends in Technology and Innovations (Feb 2019).
- An empirical study titled “Bank Selection Criteria in the Indian Banking Industry in the Era of Changing Technology” featured in the Handbook of Globalization & Research (Nov 2019).
- A research article on “IFRS – Mandatory in India: An Overview” published in KAAV International Journal of Economics, Commerce & Business Management (Feb 2018).
- In-depth analyses of high-profile fraud cases including PNB Scam, Satyam Computers, Vijay Mallya, and Sahara Deposits.
Experience
CA (Dr.) Sushil Kumar Lal is a distinguished finance professional with extensive experience in accounting standards, governance advisory, and capacity building across national and international domains. His work spans across banking, public sector enterprises, listed companies, and regulatory environments.
Strategic Advisory & Standards Implementation:
- Played a key role in advising the Audit Committee and Top Management of a leading Public Sector Unit / Bank in India on the adoption and implications of Indian Accounting Standards (Ind AS).
- Delivered high-impact training on IFRS-9, IFRS-13, and internal controls at the Agricultural Development Bank (ADB), Nepal, and guided the Board and Senior Management in implementing Nepal Financial Reporting Standards (NFRS), with a focus on Expected Credit Loss (ECL) estimation and asset valuation for the Deposit and Credit Guarantee Fund (DCGF).
Corporate Governance & Policy Advisory:
- Brings over a decade of experience in developing and implementing corporate governance frameworks, drafting financial and operational policies, designing Standard Operating Procedures (SOPs), and advising on ERP integration, MIS analytics, and regulatory compliance for corporates and financial institutions.
Capital Market and Financial Reporting Advisory:
- Provides expert opinions on Internal Financial Controls over Financial Reporting (ICFR) and assists entities in IPO preparedness, compliance with SEBI regulations, and listing on NSE/BSE.
Global Expertise in IFRS/Ind AS/NFRS:
- Consulted on the implementation of IFRS, Ind AS, and NFRS for over 150 entities across India and internationally, offering practical solutions tailored to diverse business models.
Academic Engagement & Professional Training:
- A committed academician and thought leader, CA (Dr.) Lal is associated with various professional bodies and management institutes. He has trained numerous Chartered Accountants and industry professionals in accounting standards, valuation practices, and forensic accounting.
Leadership in Governance Forums:
- With participation in more than 500 Board, Audit Committee, and Governing Body meetings, he brings a deep understanding of institutional governance in listed companies, public sector undertakings, NBFCs, and other corporate entities.
Public Speaking & Thought Leadership:
- A recognized national and international speaker, he has addressed a wide range of professional platforms on topics related to banking, finance, IFRS, Ind AS, and NFRS, contributing to the global discourse on financial reporting and governance.
Author & Policy Developer:
- Authored several resource manuals including an Accounting Manual based on IFRS, Ind AS, and AS, as well as Internal Audit Manuals and Credit Policies for both public and private sector entities across India and Nepal.
Area of Specialisation
CA (Dr.) Sushil Kumar Lal brings extensive expertise in Indian and International Accounting Standards
(Ind AS, IFRS, AS, IPSAS, NFRS, NPSAS), along with Valuation under IVS and Islamic Financial Reporting Standards. He is
well-versed in Forensic Accounting & Investigation Standards (FAIS), fraud detection, and monitoring of large exposures.
His specialization also includes Banking, NBFCs, Corporate Governance, Strategic Finance, Taxation (Direct & Indirect), and
advisory in Accounting, Auditing, and Management consultancy.
Education
B.Sc., Ph.D., FCA, Certified Information Systems Auditor CISA (USA), Business Responsibility and Sustainability Reporting (BRSR), Arbitration, Mediation & Conciliation (ADR), Forensic Accounting and Fraud Detection (FAFD), Indian Accounting Standards (In AS), Concurrent Audit of Banks, Executive Master Program-New Age Auditor (ICAI),
Internal Audit (ICAI) and Cleared Self-Assessment Test for Independent Directors’ Databank – Indian Institute of Corporate Affairs (IICA).
