Image of Monica Modi Dalwadi

Monica Modi Dalwadi

Partner, CPA, CIA, CFE, MBA
703 923 8559

Monica is a partner in the risk advisory services and internal audit practice with more than twelve years of experience. Monica’s primary focus is internal auditing, risk assessment, fraud and forensics reviews, and strategic consulting on a wide range of business issues in the Washington DC Metro Region. Her client base includes pediatric and academic medical facilities, colleges, and universities, not-for-profit organizations, and for profit organizations. Prior to joining the firm, Monica worked in the internal audit department of a financial institution, where she led risk assessment activities and audited lending, deposits, and trusts.

Experience

  • Currently serving as a partner on one of the firm’s largest outsourced internal audit clients, where she is responsible for managing, developing, and executing internal audit programs
  • Helped numerous clients in performing risk assessments, analyzing the results, and developing multi-year internal audit plans. She presents these plans and their results to senior leaders and board members across a wide span of industries
  • Collaborates with senior leaders and audit committee members daily to develop internal audit recommendations and plans
  • Participates in on-going operational meetings with her clients to discuss compliance, strategy, and control matters
  • Worked on strategic analysis and organizational re-design projects
  • Led business process re-engineering engagements in areas including payroll, accounts payable, and accounts receivable
  • Performed fraud investigations, fraud risk assessments, and forensic accounting work; her investigative work has resulted in criminal sentencing, employee terminations, and client process revisions
  • Conducted Foreign Corrupt Practices Act (FCPA), human resources, and treasury fraud audits internationally
  • Developed and executed test plans to assess the operating effectiveness of key controls for critical business processes
  • Supervises multiple teams of staff and senior auditors on her engagements and is responsible for coaching, training, and developing her team members

Involvement

  • American Institute of Certified Public Accountants
  • Association of College and University Auditors
  • Association of Certified Fraud Examiners
  • Institute of Internal Auditors
  • Society for Corporate Compliance and Ethics
  • Virginia Society of CPAs (VSCPA)
  • National Kidney Foundation Board Member and Treasurer of Executive Committee
  • Immediate Past President of the Board of Directors, Washington Improv Theatre
  • Ascend: Pan-Asian Leaders in Finance and Accounting

Honors & Awards

  • Recognized as 2016 Minority Business Leader by the Washington Business Journal
  • 2015 Brava! Award! winner by SmartCEO
  • Awarded VSCPA’s Top 5 under 35 in 2013
  • Recognized as a SMARTCPA in the September 2011 issue of SMARTCEO Magazine

Thought Leadership

  • Co-authored, “Conducting Internal Investigations of Sponsored Research Activities” Parts I and II in the National Council of University Research Administrators (NCURA) Magazine
  • Co-authored, “Disruptive Forces: Driving a Human Services Revolution”
  • Keynote speaker at the Alliance National Conference presenting, “Disruptive Forces: Driving a Human Services Revolution”
  • Delivered four webinars with the Association of College and University Auditors (ACUA) on construction audit activities, including pre-construction audits, continuous monitoring, and post-construction audits
  • Presented, “Compliance Triage: Responding Rapidly to Hotline Requests” and “Auditing Fraud in Sustainability Projects” at the ACUA National Conference
  • Presented, “Getting Practical about Privacy” and “The IRS Compliance Project” at the Society of Corporate Compliance and Ethics (SCCE) National Conference
  • Facilitated a discussion on “Document and Evidence Review in Fraud Investigations” for the Association of Certified Fraud Examiners
  • Presented, “Foreign Corrupt Practices Act Audit Activities” at a Fraud Seminar for the Northern Virginia Chapter of the Institute of Internal Auditors
  • Presented, “The Twelve Months of Audit: Giving the Gift of Risk and Control” to the Northern Virginia IIA Chapter
  • Co-authored, “Trusting Assistants with Access,” in Fraud Magazine
  • Contributor to the Association of Governing Boards of Universities and Colleges’ Guide, “Risk Management – An Accountability Guide for University and College Boards”

Education

Georgetown University
Masters of Business Administration

University of North Carolina at Chapel Hill
Bachelor of Science in Business Administration