Monica Dalwadi

Partner | Baker Tilly

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, D.C. metro region. Her client base includes pediatric and academic medical facilities, colleges and universities, not-for-profit organizations, real estate and other for profit organizations.
Monica serves as on the firm's national Diversity, Inclusion and Belonging steering committee, Core Strategy committee, D.C. Growth and Retention of Women committee and previously served as the co-chair for the firm's Talent Differentiation Task Force. 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.
Specific experience

- Currently serving as the lead 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
- Monica presents these plans and their results to senior leaders and board members across a wide span of industries
- Worked on strategic analysis projects to include predictions of future trends in the not-for-profit industry
- 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
- Created process documentation, including flow charts, narratives and risk and control matrices
- Developed and executed test plans to assess the operating effectiveness of key controls for critical business processes
- Monica coaches and mentors client personnel in her engagements
- Monica has performed Sarbanes-Oxley compliance services since the inception of the legislation

Industry involvement
- American Institute of Certified Public Accountants (AICPA)
- Association of College and University Auditors
- Association of Certified Fraud Examiners
- Institute of Internal Auditors (IIA)
- Society for Corporate Compliance and Ethics (SCCE)
- Virginia Society of Certified Public Accountants (VSCPA)
- InsideNGO
- National Association of Corporate Directors (NACD)

Community involvement
- Former Treasurer and Board Member, National Kidney Foundation Serving the D.C. metro area
- Past President of the Board of Directors, Washington Improv Theatre
- Ascend: Pan-Asian Leaders in Finance and Accounting

Honors and Awards
- All-Star Award by The National Kidney Foundation – 2018
- Minority Business Leader by the Washington Business Journal – 2016
- Brava! Award winner by SMARTCEO Magazine – 2015
- Top 5 under 35 by the Virginia Society of Certified Public Accountants – 2013
- Washington Business Journal – Minority Business Leader Awardee in 2013
- Recognized as a SMARTCPA by SMARTCEO Magazine – September 2011


Sessions

Operational excellence can come about through integrated performance across funds management, cost and risk. It focuses on exceeding stakeholder expectations through the continuous improvement of More