Emma Florea, CPA, is a director in both the Audit Department and the Risk & Transaction Advisory Practice at MBAF. She has significant experience dealing with complex, technical accounting matters, including consolidation issues (variable interest entities and other consolidation matters), debt vs. equity evaluations, business combination accounting, foreign currency accounting and derivative financial instruments. She also has a deep and broad understanding of SEC reporting.
Emma has experience serving various SEC registrants and multinational audit clients, as well as non-profit and for-profit healthcare organizations ranging from complex multi-entity healthcare systems to stand-alone community hospitals. Emma has experience serving companies during their evaluation and documentation of internal controls through an external audit as well as SOX 404 advisory perspective and has worked closely with management to understand, document and test internal control over financial reporting, as well as to develop accounting policies and technical accounting memoranda.
Professional Affiliations and Accreditations
- American Institute of Certified Public Accountants
- New York State Society of Certified Public Accountants
- Florida Institute of Certified Public Accountants
- Healthcare Financial Management Association – Miami Education Committee Co-Chair, 2014-2015
- Harvard Division of Continuing Education – Leadership Communications Program, 2016
- University of Miami – Bachelor of Business Administration in Accounting and Finance
On 28 August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. The FASB issued this ASU to simplify current hedge accounting requirements in U.S. GAAP, which curren ...Explore
On May 12, 2017, MBAF released an advisory addressing changes under the new revenue recognition standard (Topic 606) and the steps that organizations should consider as they develop implementation plans (MBAF’s Topic 606 Advisory). Today, as ma ...Explore
On 22 June 2017, the FASB issued a proposed ASU, Consolidation – (Topic 718) Targeted Improvements to Related Party Guidance for Variable Interest Entities. The FASB issued this proposed ASU in response to stakeholders’ observations that ...Explore
FASB Issues Guidance to Determine the Customer in Service Concession Arrangements of Share-Based Payment Awards
On 16 May 2017, the FASB issued ASU No. 2017-10, Service Concession Arrangements (Topic 853): Determining the Customer of the Operation Services. The FASB issued this ASU to eliminate diversity in practice in how an operating entity determines the cu ...Explore
Nationally recognized public accounting firm MBAF has promoted five professionals to the position of director. The announcements were made by the firm’s Chairman and CEO, Tony Argiz. Clairissa Burns, CPA, has been promoted to Director in the Tax an ...Explore