Cathleen M. Karpik, CPA

Principal

716-856-3300

ckarpik@LumsdenCPA.com

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Cathy is responsible for engagement management and coordination of services to various exempt organizations.  She has experience working with community and private colleges, nonprofit organizations, various governmental entities, and school districts in the areas of auditing, single audits, taxation, information returns, and financial reporting.  Cathy has extensive experience with private and community colleges and regularly receives specialized training and updates on federal student financial aid programs by recognized national experts. 

EDUCATION

Canisius College, Bachelor of Science, Accounting

PROFESSIONAL

American Institute of Certified Public Accountants 
New York State Society of Certified Public Accountants 
National Association of College and University Business Officers
Eastern Association of College and University Business Officers

COMMUNITY

Cloverbank Elementary Parent-Teacher Association (Frontier Central School District)
   - Treasurer 
   - Red Ribbon Week Chair
   - Fundraising Chair
 

Upcoming Events

Webinar Series Part IV: IRS Audit - Coming Soon Near You

Webinar Series Part IV: IRS Audit - Coming Soon Near You

July 14, 2021

The executive branch is looking to increase revenue for the IRS. Translation: expect to see an increase in the number of IRS audits being performed, including industries not traditionally targeted.

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Webinar Series Part V: Changes to Lease Accounting and How it Impacts Your Business

Webinar Series Part V: Changes to Lease Accounting and How it Impacts Your Business

July 27, 2021

The accounting for leases is changing significantly. The required implementation of FASB ASC 842 will mandate that most leases are included on the balance sheet as a right-of-use asset, with a corresponding lease liability. The new standard will impact nearly all commercial businesses and nonprofit organizations and is effective for annual reporting periods beginning after December 15, 2021.

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