Ravi Khadka

Industries: Manufacturing, Hospitality, Media, Real Estate, Foundations, ADGM, Exchange, Retail

• Delivered internal audit consulting services across diverse sectors, including manufacturing, hospitality, media, real estate, foundations, ADGM, exchange houses, and retail, focusing on procurement, finance, compliance, cost control, and human resources.
• Developed and implemented risk-based audit plans, ensuring thorough risk assessment and efficient audit execution.
• Conducted internal audits for 10 exchange houses, ensuring compliance with CBUAE regulations and standards.
• Prepared business plans and financial projections for a fintech company in the UAE to support the application for an RPSCs license.
• Provided audit expertise and support as a secondee with Tabreed, a leading public entity of the Abu Dhabi Government.

• Developed and approved a Risk-Based Internal Audit Plan, conducting audits across multiple divisions to improve operational efficiency and ensure compliance with policies and regulations.

1. Asset & Leasing Division

• Analyzed contract initiation, renewal, and collection processes, identifying gaps in internal controls.
• Tested internal controls to ensure timely billing, contract execution, and compliance with financial reporting standards.

2. Parking Division

• Audited parking operations, focusing on revenue collection, fee structures, and policy compliance.
• Identified inefficiencies in parking lot management and recommended improvements to optimize utilization and revenue.

3. Hospitality

• Conducted audits for Marina View Hotel Apartment (UAE) and Novotel Suites Riyadh Center (KSA), focusing on service quality, customer satisfaction, and compliance with industry standards.
• Identified issues with complementary night issuance and non-recording, initiating proper recording and benchmarking.
• Reviewed financials and identified cost-saving opportunities.

4. Facility Management

• Audited maintenance scheduling, vendor contracts, and service quality to ensure compliance with industry standards.
• Evaluated vendor performance and assessed adherence to service level agreements (SLAs).

• Supervised daily financial entries (purchase, sales, payments, receipts) in compliance with GAAP, ensuring accurate records.
• Ensured VAT reconciliation and filing, identified VAT input omissions, and initiated refunds; coordinated statutory audits and submitted on time.
• Managed payroll, statutory compliance (SSF, PF, TDS), and led budget planning, improving departmental efficiency and cost tracking through import costing analysis.

• Conducted a feasibility study for acquiring a local LCO, providing payback period, installments, and NPV analysis; evaluated customer vs. revenue and cost per customer.
• Implemented Standard Operating Procedures (SOP) to streamline purchasing, sales processes, and inventory reconciliation.
• Drafted projections and finalized disbursement of a confidential bank loan, analyzing key financial ratios such as Debt-Equity, Debt Service Coverage, and Current Ratio.

• Part of the internal audit team for listed (Grauer & Weil India Ltd.) and private companies, including Jewelry Division and Bharat Diamond Bourse (BDB).
• Handled statutory and internal audits for over 70 mid-sized entities, including the Diamond division at Rosy Blue Diamond.
• Conducted Internal Control over Financial Reporting (ICFR) for Ideal Cures Pvt. Ltd.
• Prepared and filed GST returns, along with performing reconciliation between books and returns for various companies.
• Drafted financial statements (Balance Sheet, P&L, Cash Flow, SOCE) from trial balance to final reporting and assisted as a team member for Federal Bank’s central statutory audit.