Richard O'Neil, CPA

Partner

Rich has extensive experience leading financial statement audits for privately held companies, including technology, SaaS, and manufacturers / distributors.

Rich takes a genuine interest in his clients, and he invests time and energy to understand the full context of their situation. He provides an objective look at operations and processes, and he advises Senior Management on best practice internal controls and opportunities to add efficiency. He helps ensure that clients are confident in their application of Generally Accepted Accounting Principles (GAAP), and that their financial records show prospective investors that the company has followed standard accounting practices. Additionally, Rich coordinates closely with AAFCPAs’ Tax Practice to ensure clients have the resources and expert advice, needed to achieve significant tax savings and predict tax expenditures.

Rich is an active member of several firm committees, including the Accounting & Assurance (A&A) Committee, the Revenue Recognition Task Force, the Lease Task Force, and the Information Technology (IT) Committee. He is dedicated to keeping the firm and clients apprised of regulatory changes, new pronouncements, and advances in technology to ensure optimal performance. He is a performance manager, and leads internal trainings on complex topics, including interpreting and implementing complex accounting standards updates (ASUs).

Rich is a 2021 recipient of the AAFCPAs’ partnership-nominated Joel Aronson Character Award, in recognition of his dedication to our clients’ well-being and generosity of his time towards others, including fellow team members and communities in need.

Education

University of Massachusetts, Isenberg School of Management – Bachelor of Arts, Accounting, minor Economics, cum laude

Professional and Civic Associations

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

2021 Recipient of Joel Aronson Character Award

Contributed Insights

Leet, O’Neil Promoted to Partner at AAFCPAs

Boston, Westborough, Waltham, MA (12/05/22) – AAFCPAs, a best-in-class CPA and consulting firm known for assurance, tax, accounting, wealth management, business process, and IT advisory solutions, today announced the promotions of Robyn Leet and Richard O’Neil, CPA to Partner, effective December 1st, 2022. Robyn Leet, Partner, Business Process & IT Consulting Robyn is a leader […]

AAFCPAs’ Lease Task Force Advises: Do Not Delay!

In 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) to increase transparency and comparability of lease transactions. Implementing FASB’s lease accounting standard will require businesses to invest considerable time and resources in gathering the information required for reporting. AAFCPAs advises clients to not delay! Lease Implementation Resources: […]

Richard O’Neil’s Record Year!

AAFCPAs is excited to share that Richard O’Neil, CPA has been promoted to Director in the firm’s assurance practice. Rich is also the 2021 recipient of the firm’s most prestigious award, the Joel Aronson Character Award! Rich has extensive experience advising management and leading financial statement assurance engagements (audits, reviews, compilations) for privately held companies, […]