ABIMBOLA AWOLAJA
PROFESSIONAL OVERVIEW
Over four years experience with several audit engagements for federal agencies, educational institutions, not-for-profit
organizations, and performing a wide variety of reconciliations. Recent financial statement audit experience including:
financial statement audit, SOX testing, A-123 audit, documentation of accounting cycles, variance analysis, internal control
testing, and substantive testing of balances. Professional experience also consists of performing data validation on a wide
range of transactions. Top Secret Clearance.
PROFESSIONAL EXPERIENCE
Morgan Franklin Corporation, McLean, VA
Associate
August 2006 –present
Client Engagement: Overseas Private Investment Corporation – -123 Internal Controls Assessment
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January 2009- Present
Performed interviews on key process owners to obtain an understanding of the Investment Guaranty process.
Drafted flowcharts and presented to key process owners to verify accuracy of Investment Guaranty process.
Produced weekly status report to inform client of progress over documentation of Investment guaranty process.
Performed tests of internal controls in areas such as Direct Loans and Investment Guaranty.
Prepared and presented Notification of Findings and Recommendations (NFRs) on processes that were not efficiently
and effectively accurate to management.
Client Engagement: DOJ/FBI
March 2008- November 2008
Performed FBI Financial Statement audit for fiscal year 2008 to ensure compliance with U.S. Generally Accepted
Accounting Principles (GAAP) and Law & Regulations.
Performed internal control and substantive tests in areas such as Revenue, Fund balance with treasury and Statement
of budgetary resources.
Prepared and presented Notification of Findings and Recommendations (NFRs) on processes that were not efficiently
and effectively accurate to management.
Updated Audit Program Guide (APG) to revise comments.
Traveled to field site to perform additional audit reviews.
Assisted other team members in process areas such as Fixed Assets, Procurements and Expenses.
Client Engagement: Tessco
July 2007- January 2008
Performed tests of internal controls to ensure compliance with Sarbanes-Oxley (SOX), Section 404, in areas such as
fixed assets, inventory, payroll, cash disbursements, Accounts payable, entity level controls, etc.
Prepared documentation to support test findings for presentation to management.
Updated PBC list of outstanding items and provided list to client.
Assisted Project manager with the updating of the key controls summary list to document the status of each process
area tested.
Assisted Project manager with project management duties such as reconciling invoices with billable hours of
engagement team members to ensure that the team did not exceed the projected budget.
Performed other tasks as assigned.
Client Engagement: XLHealth
May 2007- July 2007
Updated the summary lead schedule containing detailed summary of balance sheet accounts and income statement
accounts.
Performed necessary adjustments to XL H ahs
el ’2006 Lead schedules containing detailed summary of Balance sheet
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accounts and income statement accounts.
Updated 2007 Beginning Balances on the lead Schedule.
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Abimbola Awolaja
Reconciling and updating February, March and April (2007) XLH's Consolidated Summary Schedule lead sheet
balances to XL Health's balance sheet and income statement.
Documented policies and procedures for fixed assets and Accounts payable.
Client Engagement: Bearing Point
December 2006- March 2007
Provided revenue recognition support for cet restatement project.
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reporting process.
Completed work-in-process analysis to bridge third quarter of 2006 to the fourth quarter by effectively identifying
adjustments and confirmed their recording.
Evaluated third quarter Estimate-to-Complete financial calculations and properly prepared fourth quarter calculations
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ei e B a nP i ’ ucn at et a s n ac l o cm le sad ccuracy using MS Access and
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Pr r e qat asr c r i o cet ac a r od g rcs
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Client Engagement: United States Army Corps of Engineers (USACE), PriceWaterhouseCoopers: Property Plant and
Equipment
October 2006 –December 2006
Completed substantive testing for the PPE section of the USACE first external CFO Act Audit.
Audited land documentation to validate and support existence, valuation, rights and ownership assertions.
Reviewed and identified administration expenses for cost allocation purposes.
Maintained an inventory of PPE samples and provided samples to teammates and client as requested.
Client Engagement: GTSI
August 2006 –October 2006
Reviewed lease documentation to support financial restatement. Analyzing documents to ensure proper accounting.
When necessary, proposed recommendations and adjusting entries based on conclusion.
Reviewed and analyzed supporting documentation to ensure proper revenue recognition.
Deloitte & Touche, LLP
Consultant
August 2005 – August 2006
Client Engagement: Department of Interior, Office of Historical Trust Accounting (OHTA)
August 2005 –August 2006
Reconciled Native American Tribal trust fund transactions to source documents.
Researched the ownership of accounts to determine funds distribution.
Performed data validation on historic transactional data.
Researched and analyzed Ti lr scoshog t D pr et fn r r i e aacut g yt t
r at nat n t uh h ea m no It i ’ n r lcon n ss m o
ba i r e t eo s tn i e
complete the data validation process.
Reviewed s fm m e s document request and verified that correct supporting documentation was received
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Researched and analyzed historical procedures to confirm the credibility of the prior audit.
Member of the Office of Historical Trust Accounting (OHTA) Staff Committee: identified employee interests and
placement; facilitated new hire orientation; lead monthly staff meetings.
Created and maintained OHTA staff time sheet database to ensure compliance with federal guidelines.
Williams Adley & Company LLP (WACO) Washington DC
Staff Auditor
July 2004- August 2005
Participated in the agency-wide financial statement audit of USAID. Responsible for conducting internal control and
substantive testing work at 3 overseas mission offices in support of the annual audit.
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Abimbola Awolaja
Served as a staff auditor on the annual financial statement audit of Howard University Hospital. Performed detailed
substantive testing in the areas of liabilities, fixed assets, revenues and expenses.
As staff auditor, performed substantive testing of cash, prepaid expenses (insurance, advertising, and annual
conventions), and fixed assets for National Associate of Black Engineers (NSBE).
Participated in the compliance audit of Countrywide Home Loans Inc. for Government National Mortgage
Association (GNMA). Performed detailed testing on the billing process and escrow administration.
Served as a staff auditor on the annual financial statement audit of Federal Aviation Administration (FAA).
Performed detailed testing in the areas of disbursement and fixed assets.
EDUCATION
Bachelors of Business Administration: Accounting, Howard University School of Business, Washington, DC May 2004
Masters in Accounting and Financial Management, University of Maryland, College Park, MD (anticipating May 2010)
SOFTWARE SKILLS
Microsoft Word, Microsoft Excel, Microsoft Power Point, Microsoft Access, EPACE Software, Teammate Software, Account
Reconciliation Tool (ART), and Concordance.
OTHER SKILLS
CFE Candidate
SECURITY CLEARANCE
Top Secret
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