Lisa Rachels

Lisa is a Director in Protiviti’s Business Performance Improvement solution in the Metro NY Region. Lisa has over 20 years of finance, accounting and regulatory experience.

Most recently, Lisa worked at a Fortune 500 company as the Vice President of Technical Accounting and SEC Reporting, where she was responsible for the timely filing and review of Forms 10Q and 10K, including footnote disclosures and MD&A, in accordance with U.S. GAAP and SEC regulations. Additionally, she was also responsible for the implementation of new accounting standards.

Previously, Lisa worked in the National Assurance group of a global accounting firm, with responsibility for developing and implementing audit quality initiatives with senior leadership of the firm. Additionally, she was also responsible for supporting assurance personnel, educating engagement teams regarding compliance with auditing standards and developing remediation plans to address deficiencies identified by both auditors and regulators of large public issuers.
Lisa has also worked for the PCAOB, the principal US regulatory agency that oversees the audits of public companies and performed inspections of large national and global accounting firms. These inspections are performed on audit areas of greater complexity or significance, or with a heightened risk of material misstatement to the issuer’s financial statements, and areas of recurring deficiencies.

Lisa began her career at a Big 4 accounting firm, where she served as an audit senior manager performing financial statement audits of complex, international clients, both public and private.

Major Projects

• During Lisa’s tenure with Protiviti, she has provided support to various clients across multiple industries as it relates to technical accounting, SEC reporting and internal controls.
• While at the Fortune 500 Company in a technical role, Lisa led the cross-functional implementation efforts of ASC 606 and ASC 842.
• In addition to performing inspections at the PCAOB, Lisa also participated in a rotation in the PCAOB’s Office of Research and Analysis, which supports the inspections division in performing research activities to identify higher risk audits and emerging accounting and audit issues. Research activities included review of SEC filings, industry research reports, and development of risk assessments of issuers for potential inclusion into the inspection process.
• While at a Big 4 accounting firm, Lisa participated in the management development program in the Capital Markets group, with a focus on the review of accounting memos and accounting policies relating to valuation, risk management, accounting and regulatory requirements. In addition, Lisa also participated in the XBRL taxonomy content creation and review team.

Areas of Expertise

• Finance & Accounting
• Technical Accounting
• Internal Controls
• Sarbanes-Oxley
• Financial Reporting
• SEC Reporting
• Remediation and Compliance

Industry Expertise

• Financial Services
• Industrial Services

Education

• B.S. – Accounting, Coastal Carolina University

Professional Memberships and Certifications

• Certified Public Accountant (CPA)
• Member, American Institute of CPAs