Samson Afolabi, MA, CPA, CMA, CFM, FCA, CGMA

Principal/ Project Manager

Qualifications & Experience Summary

Certifications & Education

•Certified Public Accountant, 2000

•Certified Management Accountant, 1999

•Certified In Financial Management, 2000

•Bowie State University, United States, 1989

•University of Nigeria, BSc., 1984

Bachelors B.B.A., International Business, The George Washington University

Over 25 years of audits, financial management, financial system implementation, government CFO audits,

business process, risk management and advisory consulting, quality assurance and internal controls review experience. Managed projects for numerous Federal agencies. Conducted numerous trainings related to GAS (Yellow Book) Audits, for-profit, governmental, not-for-profit financial review, and other assurance services. Meets AICPA & GAO Continuing Education Requirements (Yellow Book), and Ethics.

Professional and Relevant Experience

Experience in auditing, financial management review, risk assessment and evaluating internal controls of governmental, NPOs, and for-profit entities. Supervised staff and professional accountants on various projects within financial operations over the past 15 years. Has extensive knowledge and understanding of U.S. Government Auditing Standards (Yellow Book), governmental regulations and statutes, AICPA GAAS, GAAP. Experience in program management and monitoring; familiar with the requirements of the FASB, FASAB, the SEC, the OMB, and the Treasury Department. Served as quality control reviewer and reviewer of federal agencies financial reports for the Association of Government Accountants (AGA).

Selected Audits and Compliance Exposures: Audits of Financial, Contracts, Grants, For-profit and NPOs, Govt. and Agency programs, D.C. public charter schools, various operational audits. IT Reviews: SSAE 16 (formerly SAS 70 Review) of provider’s systems, SAS 70 Payroll Audit, FISCAM Audit (General and Application Controls), and Systems Development, Acquisition, and Maintenance Review, System access (Logical and Physical), risk assessment and control review.

Chronological Work Experience

oDept. of Transportation Federal Transit Authority (FTA), as a sub: 7/31/21 – Present: Perform cost allocation plan review of systems of selected grantees assigned by Federal Transit Administration. Review indirect cost proposal submitted by grantees for approval by FTA for rates used for allocating indirect costs to programs and other projects. The objective of the review is to report on the acceptability of the proposed rate contained in the grantee’s Cost Allocation Plan (CAP). It includes determining if the cost base and cost pool accumulated and summarized for the rate determination and the supporting financial document used to distribute the indirect costs of a State or local government’s executive and central level support functions to its appropriate operating organizations within the government benefiting from them meets the criteria contained in OMB requirements (A-87, A-122, A-21 or the Federal Acquisition Regulations), FTA Circular 5010.1D (or the latest version of 5010 circular), and the grant agreement as a condition for cost reimbursement; Performing FTA’s Financial Management Oversight Contractors (FMOC) financial management reviews, the Full Scope Systems Review (FSSR) including the Compliance Review of the grant awards to Transit Agencies, Departments, States, and Cities; performing review of Indirect Cost Rate Proposal (ICRP), Fringe Benefit Rate Proposal (FBRP), Cost Allocation Plan (CAP), Technical assistance- ECHO Reimbursement Requests for agencies on ECHO suspension, ECHO Spot Review, and other FTA grant awards audits.

oU.S. Agency for International Development (USAID)/Afghanistan (Hostile & Conflict Zones), USAID/Liberia, USAID/Nigeria (Yola, Adamawa State; and Maiduguri, Borno State - Boko Haram Hostile & Conflict Zones) - Mr. Afolabi served as the engagement partner on financial audits, close-out audits, and financial review of grant recipients from USAID, and Non-U.S Pre-Award Survey (NUPAS).potential recipient of financial award from USAID.

oFederal Aviation Administration (FAA) Office of Inspector General (OIG): 2014 – 2019: Samson served as the engagement partner on a technical support for financial audits, program review, monitoring and evaluation activities, audit scoping, planning and assistance, and training of OIG management and staff.

oFederal Aviation Administration (FAA) Budget and Accounting Office: 2008 -2009: Samson served as the engagement partner on a technical support program, relating to financial and budget formulation, execution, and data analysis for the agency. The contract included financial management services; consulting support to implement standard operating desk procedures governing the initiation, management, tracking, and general oversight of budget execution.

oDepartment of Housing and Urban Development (HUD): 2010-2011: Mr. Afolabi has performed a review of HUD’s Performance Accountability Report (PAR). This review involved analysis of HUD’s annual financial statements and accompanying notes for compliance and presentation. It also included an assessment of HUD’s reporting and disclosures compliance, using the Certificate of Excellence in Accountability Report’s (CEAR) Guidelines, and the requirements of OMB Circular A-136, Financial Reporting Requirements for Federal Financial and Reporting Standard. He was part of the team for Financial Statement Audits and Audit Readiness Services: He has significant experience in performing financial statement audits and Audit Readiness Services. He was part of the team’s Audit Readiness efforts documenting the exposure report process for financial assistance and benefit; verified and compared financial data values to various spreadsheets. He was also part of the team for financial management operation (FMO); reviewing, validating and developing control matrix reflecting FIAR Guidance Requirements. He has been involved with wide range of substantive testing (journal vouchers) to validate equipment and Inventory valuation, as well as developing test of control design and effectiveness, and documenting compliance with Generally Accepted Government Auditing Standards (GAGAS) and other applicable standards and requirements.

oSSAE No. 16 (formerly SAS 70) Audit (Consultant): 2009-2010: As part of a team of auditors performing a review of control activities of Insurance Carriers administering Medicare and Medicaid payments on behalf of DHHS to Medicare Service Providers (MSPs), Samson reviewed the general and application controls in accordance with GAO’s FISCAM standards. This included reviewing computer network control, computer operations controls, computer security controls and systems monitoring controls. He also performed tests of the specified controls to ensure that they were operating effectively. The deliverables on the engagement included SAS 70 report, and management report of recommendations to improve the systems control environment, control procedures, practices, and standards.

oU.S. Department of the Interior (DOI), 2009: Mineral Management Service and Mineral Revenue Management (MRM) - Mr. Afolabi served as the Quality Control Partner on a Peer Review Service engagement with of MMS. He was responsible for ensuring adherence to the team’s quality control plan, and ensuring that all team members received proper instruction and training prior to, and during the engagement. The contract also included a review of quality assurance plans, and quality control policies and procedures at the MRM royalty audit locations for the Department of the Interior.

oFederal Communications Commission (FCC) CFO Audit – 2009: Samson served as the partner on a subcontract under Clifton Gunderson, LLP to perform a CFO Act Audit for FCC.

oUniversal Service Administrative Corporation (USAC) - 2008- Samson served as the partner on a subcontract, under Clifton, LLP, on a High Cost Audit of FCC approved telephone carriers.

oU.S. Drug Enforcement Administration (DEA): 2008- Mr. Afolabi served as the engagement partner on a subcontract with Cotton & Company to provide Financial Management Services.

oDC Homeland Security and Emergency Management Agency 2008 - Samson served as the partner on a performance audit of the emergency management and operations for the Agency. The team reviewed the agency’s activities and related policies and procedures to determine whether the agency’s programs were operating as intended, and accomplishing its goals and objectives. In performing the audit, the team also evaluated the system of controls to determine whether the agency’s resources were efficiently allocated, and whether the agency complied with laws and regulations. The team concluded that the operations were generally being performed in a satisfactory manner, and in compliance with laws and regulations. The team made recommendations and provided suggestions for operational improvement.

Not-for-Profit and Other Organizations Experience: 2007-2008: University of the District of Columbia (UDC) Foundation, Inc. - Samson served as the Partner on the UDC Foundation’s financial and budget consulting.

Professional Affiliations/ Membership: American Institute of CPAs, Greater Washington Society of CPAs, Institute of Management Accountant, Association of Certified Fraud Examiner.

Contact this candidate