Founder and Managing Principal
Sambo Okolo & Company, LLC, CPAs; Sambo Okolo & Company, LLC, CPAs; and Ahmadu H. Sambo, CPA firm, Boston, MA, April 1994 – Present
Successfully founding, leading and managing the growth and development of a full-service CPA firm from a one person office to eight professional staff:
Assurance and Information Services: Manage, direct and oversee financial and compliance audits of financial statements of businesses in accordance with GAAP and government and specialized industry audit guides including Government Auditing Standards or the Yellow Book; Single Act and OMB Circular A-133, FAR, EPA, HUD, MHD, and UFR. Oversee incurred cost and overhead rate audits of architectural and engineering companies under contracts with MBTA. Perform operational and efficiency audits of companies including evaluation and review of accounting systems and processing procedures to identify fraud, waste and abuse, inefficiencies and internal control weaknesses and make recommendations for improvements in systems and processes. Manage review and compilation of financial statements of small and medium size businesses.
Management Advisory Services:Develop business plans and cash flow projections, perform business valuation, prepare loan syndication, design and install accounting systems, and provide training to start-ups and small businesses directly and through contracts with the City of Boston’s Small Business Technical Assistance Center resulting in the creation of many jobs. Manage a multi-year, multi-million dollar contract with DOT’s Volpe Center to provide contract closeout administrative services.
Tax Planning and Preparation: Plan and prepare taxes for individuals and businesses.
Daniel Dennis & Company LLP, CPAs, Boston, MA, January 1987 – March 1994-Manager, Supervisor, Supervising Senior, Senior, and Staff
Participated and managed several audit, review and compilation of financial statements of corporations such as:
Managed the audit and preparation of financial statements of John Hancock’s Defined Pension and Contribution Plans with several billions in invested assets as well as some of its subsidiaries.
Directed the audit and preparation of financial statements of Metropolitan Area Planning Council, Boston University Medical Center Research Trust Funds, Trust Funds of the City of Boston, Self-Insurance Trust of University of Massachusetts Medical Center and several real estate partnerships.
Directed and participated in several business consulting projects including disposition of FDIC-owned real estate properties, conversion of the Town of Boxford’s accounting system and improving Child Support Enforcement for the Commonwealth of Massachusetts.
Dartmouth College, Tuck School of Business, Hanover, NH July 2001 Minority Business Executive Program Certificate
Southern New Hampshire University (formally New Hampshire College), Manchester, NH September 1983 – September 1984 MBA Finance and Accounting
University of Maiduguri, Department of Business Management, Maiduguri, Nigeria, September 1976 – June 1981 B.Sc. Business Management
Professional License & Affiliations
Certified Public Accountant, Commonwealth of Massachusetts Board of Accountancy, 1990 and State of New Hampshire Board of Accountancy, 1988
Member, American Institute of Certified Public Accountants, 1988
Member, Massachusetts Society of Certified Public Accountants, 1990
Member, National Association of Black Accountants, 1988