Lazaro Gutierrez, CPA, is a director in the Audit and Risk Advisory Departments at MBAF. Lazaro has been with the firm since 2006 where he conducts audits of financial statements and advisory engagements for entities in various industries such as aviation, energy, real estate and construction, wholesale/distribution, non-profit and others.
He serves as the key contact on engagements and is responsible for all aspects of the audit including engagement planning, budgeting, supervision and review. He is proficient at leading first-time audit engagements, and continuously improving upon existing engagements by customizing audit plans in order to deliver efficient and effective client service.
With over ten years of global audit and advisory experience, he has been exposed to complex internal control environments and dealt with a wide array of technical accounting matters, including highly judgmental matters wherein elaborate deliberations with clients’ external audit (Big 4) engagement teams and their national offices have been involved. Such matters include: Changes in reporting entity; carve-out financial statements; variable interest entity and other consolidation matters; business combination; revenue recognition; discontinued operations; common control and other related party transactions; leasing; and derivative financial instruments. Additionally, Lazaro has experience conducting buyer-side and seller-side due diligence and has provided consulting services to companies in anticipation of an IPO.
Lazaro also has a thorough understanding of Government Auditing Standards (Yellow Book) issued by the Comptroller General of the United States and possesses the continuing education required by the AICPA and Government Auditing Standards. Lazaro’s non-profit experience focuses on audits that integrate the organization’s compliance with its major programs as well as its basic financial statements such as reporting on organization’s internal controls and adherence to grant awards based on audits performed in accordance with OMB Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations and Chapter 10.650, Rules of the Auditor General. He also has experience with Form 990 and employee benefit plans.
- American Institute of Certified Public Accountants
- Florida Institute of Certified Public Accountants
- Greater Miami Chamber of Commerce – Leadership Miami Alumnus
- Lighthouse of Broward County, Inc. – Board of Directors
- Florida Atlantic University – Master of Business Administration
- Florida Atlantic University – Bachelor of Business Administration, Finance and Accounting
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
On 10 May 2017, the FASB issued ASU No. 2017-09, Compensation—Stock Compensation (Topic 718) — Scope of Modification Accounting. The FASB issued this ASU to provide clarity, eliminate diversity in practice and reduce cost and complexity when appl ...Explore
March 2017 Highlights: ASUs (Proposed and Issued), Relevant Effective Dates, and Carve-Out Financial Statements
What’s new this month? The FASB issued two Accounting Standards Updates in March 2017. ASU No. 2017-07, Compensation – Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretiremen ...Explore