Bonnie Mann Falk is a Partner in the Quality Control (QC) Department of Berdon LLP (Berdon) with nearly 30 years of experience in public accounting and expertise in a variety of areas including quality management, compliance, and risk management. As a QC Partner, Bonnie advises the Firm on policies and procedures to enhance quality, increase efficiency, and elevate communication. She also determines the impact of new and developing standards and assists in ensuring compliance with accepted standards and policies. Bonnie has worked with clients in a variety of industries including real estate, financial services, manufacturing and distribution, professional services, food and beverage, not-for-profit, and employee benefit plans.
In her role at Berdon, Bonnie’s responsibilities also include:
- Performing technical reviews of attest engagements
- Providing updates and guidance on accounting and auditing technical pronouncements
- Developing and monitoring the assurance practice
- Providing technical consultations on complex accounting and auditing matters
- Training staff on best practices to enhance technical proficiency and the application of new standards and procedures
- Working with Firm leaders to incorporate new technologies for the audit process
- Elevating the Berdon brand awareness and reputation for technical expertise
Prior to joining Berdon, Bonnie spent a year as the Partner-in-Charge of Quality Control at another New York-based CPA firm, where she led the team in performing engagement quality reviews, providing technical guidance and training, establishing firmwide policies and procedures, and publishing thought leadership. In addition, she spent 13 years on the Quality & Risk Management (Q&RM) and Financial Services Teams at the US arm of a global accounting firm. While in this role, Bonnie not only serviced clients reporting under US GAAP and IFRS in a number of industries—including domestic and international publicly traded and privately held companies, international banks, registered investment advisors, investment companies, broker/dealers, and digital assets—but also served as the representative on six CAQ Task Forces as well as the Q&RM Lead for the Long Island market, where she was responsible for performing engagement quality control reviews, providing technical guidance globally, authoring comment letters to standard setting bodies, developing and delivering worldwide training programs, and performing internal inspections domestically and internationally.
Outside of her time in public accounting, Bonnie was able to gain a unique perspective on internal and external reporting by spending three years at a Fortune 500 financial institution providing analyses and information to upper levels of management, the Board of Directors, the Audit Committee, and the company’s auditors. This perspective was enhanced and complemented by her experience serving as the Chief Financial Officer to a Registered Investment Advisor and working as a consultant.
PROFESSIONAL MEMBERSHIPS, ACTIVITIES, AND AWARDS
American Institute of Certified Public Accountants
New York State Society of Certified Public Accountants
- Chairman of the NYSSCPA Auditing Standards Committee
- Manuscript reviewer
Baruch College Zicklin School of Business Auditing Conference Steering Committee
- Collaborate with Edge Leadership Conference Sponsor Committee
Bonnie volunteers as an Ithaca College School of Business Parent Ambassador, and mentors students by judging various regional and national competitions for Virtual Enterprise International. Bonnie has also
been quoted in Long Island Business News and The Wall Street Journal.
EDUCATION AND LICENSES
Bonnie earned her Master of Business Administration in Finance and completed the Master of Science in Accounting Program at New York University, Stern School of Business and holds a Bachelor of Science in Consumer Economics from Cornell University. She is licensed as a certified public accountant in New York State.