Tshilidzi Ndou

As an Audit Manager, I bring a depth of experience in financial services auditing, private equity, investment entities, life insurance and banks. My expertise extends beyond compliance, focusing on strategic financial management, value-driven insights, and optimizing financial controls to enhance business decision-making. Private Equity & Investment Funds – Audit experience with mezzanine finance structures and collective investment schemes participating in mortgage bond schemes. Insurance & IFRS 17 – Strong understanding of IFRS 17 gained through auditing life insurance companies, ensuring compliance with evolving financial reporting standards. Regulatory Reporting & Compliance – Experience with SARB reporting requirements and Pension Funds Act compliance for investment entities. Valuation & Financial Modeling – Reviewing and preparing entity valuation models to support investment decisions and financial planning. Quantitative Reporting Templates (QRTs) – Experience in preparing and reviewing QRTs for regulatory reporting in the insurance and investment industries. Financial Management & Business Strategy: Audit Fee Negotiations & Profitability Management – Negotiated audit fees with senior management and audit committees, while overseeing audit profit margins to ensure efficiency. Complex Audit Management – Led large, complex audits involving IT, tax, and valuation specialists, ensuring a seamless, multidisciplinary audit approach. Budgeting & Forecasting – Prepared and assessed budgets and financial forecasts, contributing to strategic planning and resource allocation. Leadership & Business Growth: -Audit Proposals & Client Acquisition – Played a key role in winning new audit clients, drafting proposals that articulate Deloitte’s value proposition. -Executive-Level Financial Reporting – Drafted and presented audit reports to audit committees and C-suite executives, delivering insights that drive decision-making and financial strategy.

As an Assistant Audit Manager, I lead high-stakes audit engagements for South Africa’s most influential financial institutions, ensuring their compliance with evolving regulatory demands and enhancing financial resilience. -Directed audits for JSE-listed banks, insurance companies (long- and short-term), asset managers, private equity firms, and pension fund administrators, managing portfolios valued at billions of rand. -Provided advisory services on compliance with critical regulations, including the Home Loans and Mortgage Disclosure Act, Regulations 28, 98, and 99 of the Collective Investment Schemes Control Act, and BA 501 returns for securitisation vehicles under the Banks Act. -Developed innovative solutions for regulatory challenges, ensuring flawless adherence to JSE Listing Requirements while improving financial transparency. -Partnered with CFOs and boards to design and implement enhanced financial reporting structures to reduce errors and increasing stakeholder confidence. -Led teams of up to 15 professionals, cultivating a culture of excellence and delivering exceptional outcomes under tight deadlines. Key Achievements: -Streamlined compliance for a leading asset manager, achieving 100% alignment with Regulation 28 mandates and reducing reporting discrepancies by 30%. -Played a critical role in resolving a sizeable securitisation vehicle discrepancy, safeguarding a client’s standing with regulatory authorities.

• Conducted comprehensive Profit and Loss (PnL) reviews, offering insightful commentary and demonstrating a deep understanding of applicable financial metrics and market trends. • Analysed and explained PnL moves, including correlation with market behaviour and relevant financial products. • Conducted thorough substantiation of the trading balance sheet, guaranteeing that all items were properly supported and reconciled. • Aligned Balance sheet to regulatory reports, ensuring compliance with all relevant regulatory requirements. • Reviewing internal controls and documenting assessing entity business processes, such as revenue business process, purchases, and investments

I was involved with the audits of major clients in financial services, specifically insurance. - Guided the day-to-day operations of multiple audit engagements -Oversaw projects to audit internal controls for client organisations as well as research on complex accounting and auditing issues - Managed legal, regulatory and accounting issues that arose during audit engagements - Performed overall project management for audit engagements - Prepared project proposals for each prospective client - Ensured accounting and auditing services were delivered consistently to client requirements, industry standards and independence requirements - Prepared budgets for audit engagements and monitored budget adherence during each engagement - Assembled audit planning documents for the audit committees highlighting audit strategy, significant risks and key areas of audit interest - Completed audit summary document for the audit committees communicating significant findings and any initial audit strategy changes

Responsible for providing coaching and on the job training to junior engagement team members Responsible for performing audit procedures from the planning phase, execution phase and completion phase in accordance with the Generally Accepted Accounting Principles (GAAP), for publicly listed clients as well as private clients. responsible for liasing with the audit team members, client, and other stakeholders to ensure an effective and efficient audit is performed.

Responsible for providing coaching and on-the-job training to junior engagement team members - Responsible for performing of the planning activities such as determining materiality, performing risk assessment, scoping of account balances and performing preliminary fraud inquiries - Performing the planning and testing of internal controls, from group wide internal controls at a group level to performing internal control testing at a stand-alone entity (an entity with no subsidiaries). These internal controls relate to sections such as revenue controls, payroll controls, related party controls - Responsible for reporting to management any internal control deficiencies identified - Presenting the audit strategy and progression of the audit to partners and senior managers on the job - Responsible for liaising with other departments involved in the audit, such as the Financial Advisory Team, on sections/matters that involve a high level of judgment, such as Incremental Borrowing Rates used in terms of IFRS 16 to discount the minimum lease payments - Exposed to performing audit procedures on sections such as Leases (IFRS 16), Revenue (IFRS 15), Trade receivables and allowances for doubtful debts (IFRS 9), trade payables and provisions such as restructuring provisions (IAS 37), Contingent Consideration Liability, Put Options Liability, Payroll, Property, plant and Equipment (IAS 16), Investment in Associates testing - Responsible for performing Consolidated and Separate Annual Financial Statements Tie In to ensure that the Financial Statements are prepared in accordance with applicable relevant standards such as IFRS and the Companies Act - Responsible for performing concluding activities such as assessment of the going concern assumption and identification of any subsequent events - Responsible for the reporting of any material differences identified during the testing of specific account balances

• Supported audits of financial institutions, logistics, education, and manufacturing, ensuring compliance with international standards. • Assisted in financial statement preparation and regulatory filings for various clients. • Identified internal control weaknesses and recommended corrective measures during risk assessments.