Farhan Naviwala, CRMA, CIA, is a director in the Risk & Transaction Advisory Practice at MBAF. He has over 10 years of experience and holds a successful track record in directing concurrent audit projects, identifying and communicating business process improvement opportunities to client executives, and keeping clients and internal teams up-to-date with audit regulations and requirements.
Farhan has extensive experience leading SOX compliance and internal audit initiatives at large and medium sized companies. He has served numerous organizations across a wide range of industries, especially in South Florida. He contributes significantly to growing the Risk & Transaction Advisory Practice and builds lasting relationships with clients by identifying practical solutions that are targeted at high risk areas for organizations.
Farhan is able to work effectively with external auditors and client executives, and is able to keep Audit Committees abreast of areas of concern from the PCAOB and latest accounting pronouncements.
On 5 October 2017, the Public Company Accounting Oversight Board (PCAOB) published its practice alert, Matters Related to Auditing Revenue from Contracts with Customers. The practice alert provides the considerations to assist the auditor in identify ...Explore
On 20 September 2017, the FASB issued a proposed ASU, Consolidation – (Topic 812): Reorganization. The FASB is issuing this proposed ASU in response to stakeholders’ concerns that the consolidation guidance in Topic 810, Consolidation, as current ...Explore
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 3 August 2017, the FASB issued a proposed ASU, Not-for-Profit Entities – (Topic 958) Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made. What’s new? The areas noted for improvement in this propos ...Explore
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Two recent trends are converging to increase banks’ risk management obligations. One is heightened scrutiny by banking regulators of their Bank Secrecy Act and Anti-Money Laundering (BSA/AML) compliance efforts. The other is customers’ increasing ...Explore
An unexpected outcome of the recent death of designer Karl Lagerfeld is that the topic of estate planning for pets has been highlighted. Lagerfeld’s beloved cat, Choupette, played a major role in his brand. The feline was the subject of a coffee ta ...Explore
The IRS has issued a press release reminding seniors that – in most cases – April 1, 2019 is the date that taxpayers who turned 70 1/2 during 2018, must begin making required minimum distributions (RMDs) from their individual retirement a ...Explore