Aaron Diamond, CPA

Director, Assurance

Aaron is responsible for planning and executing financial statement attestations for privately held and private-equity (PE) group managed companies, including manufacturers & distributors, retailers, cannabis operators, high-tech/software developers, and professional services firms. He also has extensive experience serving private schools and higher education institutions. He advises emerging start-ups as well as mature companies well-established in their industries.

Aaron organizes and manages efficient audits, reviews, and compilations, and drafts financial statements in accordance with generally accepted auditing standards, Uniform Guidance/Single Audit standards, and standards for accounting and review services. He has extensive experience providing consultations to clients on complex accounting transactions, including those involving equity & debt financing, stock compensation awards, business combinations (acquisitions/mergers), hedging, pension, and divestitures. He helps ensure AAFCPAs’ clients understand how these complex operations should be treated to ensure financial reports offer users an accurate representation of the performance of the company. Aaron advises nonprofit clients with complex endowments by assisting in developing and evaluating investment and spending policies, reporting structures, and internal controls over investment activities.

Aaron delivers meaningful presentations to boards and investors to support strategic decision making. He also provides internal training on diverse assurance topics helping contribute to AAFCPAs’ culture of continuous learning. Prior to joining AAFCPAs, Aaron gained over 10 years of experience in corporate accounting, and regional & national public accounting firms.

Education

Boston University, Questrom School of Business – Bachelor of Science, Business Administration with a concentration in Finance & Accounting

Professional and Civic Associations

American Institute of Certified Public Accountants
Massachusetts Society of Certified Public Accountants

Contributed Insights

Guidance for Independent Schools on FASB’s New CECL Model

The long-awaited Current Expected Credit Losses (CECL) Standard, Accounting Standards Update 2016-13 – Financial Instruments-Credit Losses (Topic 326) is effective for nonpublic businesses and not-for-profit entities for fiscal years beginning after December 15, 2022. This means CECL is in effect during fiscal year 2024 for independent schools with June 30 year ends. AAFCPAs advises that independent […]

CECL Standard’s Significant Impact on Financing and Trade Accounts Receivable

AAFCPAs Provides Business Guidance on FASB’S New CECL Model Guidance May Have a Significant Financial Reporting Impact on Financing and Trade Accounts Receivable The long-awaited Current Expected Credit Losses (CECL) Standard, Accounting Standards Update 2016-13 – Financial Instruments-Credit Losses (Topic 326) will be effective for nonpublic business entities and not-for-profit entities for fiscal years beginning after […]

AAFCPAs Announces New Director Promotions

AAFCPAs, a best-in-class CPA and consulting firm known for tax, assurance, accounting, wealth management, business process, and IT advisory solutions, today announced employee promotions to Director: Aaron Diamond, CPA Promoted to Director, Assurance Aaron has been promoted to Director in AAFCPAs’ Assurance practice. He has extensive experience leading high-energy assurance teams, and in providing advice […]