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 revenue recognition, debt vs. equity evaluations, business combination accounting, consolidation issues (variable interest entities and other consolidation matters), foreign currency accounting and derivative financial instruments. She also has a deep and broad understanding of SEC reporting, and she serves as a subject matter resource on MBAF’s audit & accounting consultant network.
Emma has experience serving various SEC registrants and multinational advisory and audit clients, ranging from complex multi-entity companies with global operations to start-up and pre-IPO organizations. Emma has served companies as part of due diligence, business integration and IPO readiness engagements, including during their evaluation and documentation of internal controls through an external audit as well as SOX 404 advisory perspective. She has worked closely with management to understand, design, streamline, and document business processes, 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
- The Institute of Internal Auditors
- Harvard Division of Continuing Education – Leadership Communications Program, 2016
- University of Miami – Bachelor of Business Administration in Accounting and Finance
The FASB has released a proposed Accounting Standard Update (ASU) Collaborative Arrangement (Topic 808): Targeted Improvements. The proposed update is being issued to clarify the interaction between Topic 808: Targeted Improvements and Topic 606: Rev ...Explore
FASB Proposes Improvements to the Accounting for Implementation Costs of Cloud Computing Arrangements
The FASB issued a proposed Accounting Standards Update (ASU) which clarifies the accounting for implementation costs related to a cloud computing arrangement (also known as a hosting arrangement) that is a service contract. If adopted as proposed, th ...Explore
The FASB has issued Accounting Standards Update (ASU) No. 2018-03, Technical Corrections and Improvements to Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, that clarifies ...Explore
On Tuesday, February 20, 2018, the SEC voted unanimously, approving a statement and interpretive guidance to assist public companies in preparing disclosures about cybersecurity risks and incidents. Jay Clayton, SEC Chairman said: “In todayR ...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