Controller

Dana Newsome is an experienced accounting and financial compliance expert.  Dana is a former senior auditor at Ernst & Young​.  ​Dana leads all stages of the audit process – planning, fieldwork, and wrap-up including preparing all necessary financial statements and related disclosures.  He holds a Bachelor's of Science, Accounting, Saint Joseph's University's Erivan K. Haub School of Business and Master of Business Administration, Asset Management, Drexel University's LeBow College of Business. 

 

Dana’s expertise includes:

• Documenting audit test work and controls including narratives, spreadsheets and other documentation tools.

• Performing audits, reviews and compilations, including preparing financial statements, supporting work papers, trial balances, and adjusting entries, and reviewing client data for accuracy, reasonableness, and completeness.

• Providing recommendations to management and external clients to improve client internal controls, accounting procedures, and financial statements.

• Maintaining knowledge of general economic and political trends of possible tax or other legislation that could affect the business climate.

• Conducting risk assessments and reviewing past audits to help develop the audit plan, outlining the nature, timing, and extent of testing.

• Performing technical accounting and reporting research; assessing its impact; and assisting in the implementation and application of new accounting pronouncements and related disclosure requirements.

• Analyzing financial and operational data, identifying trends and presenting recommendations on decisions and actions.

• Developing budgets and quarterly forecasts for specific divisions including monitoring of reported results vs. projections and variation analysis.

• Continuously evaluating accounting and reporting processes for increased efficiencies and improved management information.

• Maintaining effective internal controls over the processes and transactions under areas of responsibility including the completeness and accuracy of financial information and transactions, compliance with applicable laws and regulations, and the effectiveness and efficiency of operations.

• Performing what-if analysis on new business opportunities and other strategic initiatives as well the financial impact of changes on existing business.

• Preparing ad hoc, monthly, quarterly, and annual financial report for grants by compiling, researching, and analyzing data regarding the expenditures and revenues of the grants.

• Assisting with month-end closing activities including analysis of certain balance sheet accounts and operating income and expenses.

• Researching GAAP and relevant tax laws, regulations and rulings to determine proper accounting and tax treatment for specific transactions.