Principal & Founder, Lounev Advisory Services LLC
A Texas CPA with 24 years across public accounting, corporate finance, and an independent audit practice. The work is hands-on: the same person plans the engagement, performs the fieldwork, drafts the statements, and signs the report.
Alaska
The career began in Anchorage, at Altman, Rogers & Co., auditing villages, cities, housing authorities, and school districts — engagements performed under Government Auditing Standards and the Single Audit Act. Municipal and harbor operations, grant compliance, and the reality of small organizations administering federal money were the first things learned, and they still shape the practice.
Houston
After relocating to Texas in 2004, audit and advisory work at a Houston firm covering corporations, nonprofits, and government entities, then a move into industry: accounting manager at a Vallourec Group company, and VP Finance / Regional Controller for the Americas at Wood Mackenzie, leading U.S. and Canada finance operations — revenue recognition, deferred revenue, and lease accounting under GAAP, as a corporate officer.
During that period he served as trustee of the company’s 401(k) plan, with more than 150 participants — fiduciary oversight, investment selection, and service-provider monitoring. His experience therefore covers both plan auditing and plan governance.
The firm
Lounev Advisory Services LLC was founded in October 2012 to provide audit, accounting, financial reporting, compliance, and advisory services to nonprofit organizations, employee benefit plans, governmental entities, and privately held businesses. It is deliberately structured as a principal-led practice: engagements are staffed exclusively by licensed certified public accountants, and no audit procedures are delegated to junior or unlicensed staff.
Independent technical and quality review is performed by Timothy Altman, CPA, who brings more than 50 years of public accounting experience and is technical and quality review; engaged under contract for each engagement.
Education and standing
- M.S. Finance, St. Thomas University — Houston, Texas
- BBA Accounting, University of Alaska — Anchorage
- Certified Public Accountant — Texas
- Continuing professional education well beyond the Government Auditing Standards requirement of 80 hours per two-year period, with a substantial portion in governmental, not-for-profit, and employee benefit plan subject matter
- Languages: English, Russian