A certified CPA since 1979, Marc Nochimson is reputed to be an accountant with high professional integrity. He has worked his way up in his profession by his work experience in almost all areas of accounting specialization. During his stint with Milligan & Co LLC he held the responsibility for managing the firms audit, accounting and tax department. The company’s focus was primarily on the transport sector and Marc was successful in conducting and coordinating its operational reviews nationally. He focused on improving internal controls for the industry, streamlined process to introduce more checks and balances. This was directed to improving the financial health of the transport industry. He was also responsible for successful ‘Peer Review’ of CPA firms accounting and auditing records.
Marc subsequently worked with MD Oppenheim & Co. here he took charge of the company’s forensic accounting department. He was responsible for the training of staff. He conducted in house training and held workshops to educate and update the staff on the PCAOB and SEC rules and standards. Both PCAOB and SEC are important governing bodies that set the standards for the professionals to follow. It is important to mention here, that prior to PCAOB, the audit industry was self regulated through its trade group, The American Institute of Certified Public Accountants (AICPA). AICPA was formally dissolved in 2002 after the Enron and WorldCom fiasco that bled the financial market and eroded investor’s confidence in the system.
All PCAOB rules and standards must be approved by the U.S. Securities and Exchange Commission. The young professionals have to be appraised of auditing standards expected of them in accordance with the set standards, quality control, business ethics and other standards relating to the preparation of audit reports. PCAOB has the authority to conduct investigations and initiate disciplinary proceedings against registered public accounting firms and personnel’s associated with such firms.
With his enormous work experience, Marc is directly responsible and handles clients generating fees in excess of $2 million annually. He is an advisor and mentor to engagement teams on accounting and auditing matters. He has extensive experience and understanding of various industries such as manufacturing, affordable housing, distribution and logistics, mortgage, healthcare and software development companies from start-ups to $1 billion in revenue.