Summary
Overview
Work History
Education
Skills
Accomplishments
Certification
References
Timeline
Generic

Carol A. Petty

Lockport

Summary

Results-oriented accounting professional with experience in accounting, financial analysis, and audit-related settings. Possess strong analytical skills, adept at streamlining complex accounting processes to increase accuracy and efficiency. Proven ability to work collaboratively within team environments, and communicate effectively across all levels of an organization. Proficient with accounting and business software applications.

Overview

31
31
years of professional experience
1
1
Certification

Work History

Senior Internal Revenue Agent

Internal Revenue Service, IRS
Buffalo
10.2009 - Current
  • Experienced with corporate financial transactions, management principles, and practices.
  • Experienced in applying accounting principles and theory to books and records to determine the effect on federal tax liabilities, the adequacy of recorded transactions, and the impact on any related entities.
  • Interpreted complex tax codes for accurate taxpayer filings.
  • Analyzed financial records and tax returns to uncover discrepancies or potential fraud.
  • Utilized audit techniques such as interviewing, sampling, fact gathering, analytical techniques, and alternative audit strategies to gather evidence and reach a proper conclusion.
  • Prepared comprehensive reports detailing audit findings and corrective action recommendations.
  • Communicated exam results effectively and persuasively, both orally and in writing, to taxpayers and representatives.
  • Collaborated with cross-departmental teams to resolve complex issues.
  • Networked with management, field agents, and support staff to develop and resolve case exam and procedural issues, and to facilitate the mutual sharing of knowledge.
  • Elevated the tax compliance issue to upper management, which resulted in a change to exam procedures.
  • Reviewed and updated internal exam documents, external publications, and tax forms.
  • Prepared and presented exam case overviews to the Director of Exempt Organizations.
  • Provided assistance to agents with exam procedures, accounting, auditing, analysis of law, and software issues.
  • Prepared and presented law, audit, and procedure training to experienced and new revenue agents.
  • Reviewed revenue agent work for the application of tax laws, exam documentation, case quality, and adherence to taxpayer rights.
  • Developed exam aides that were implemented to assist agents with law analysis and tax computation.
  • Maintained up-to-date knowledge through continuing education and advanced training.
  • Recognized by management as a subject matter expert for FUTA and COVID-19 credits.
  • Experience in accounting systems and software. QuickBooks Coordinator for exam groups.

Senior Accountant/Auditor

Brown & Company Jewelers
Niagara Falls
12.2008 - 10.2009
  • Performed compilation, review, and audit services for non-profit and for-profit clients for financial, management, and tax reporting.
  • Presented audit results to clients, delivering information in non-technical terms for easy understanding.
  • Performed general ledger account reconciliations and generated updated financial documents.
  • Applied accounting principles, theory, and practices to analyze and interpret books and records to determine the adequacy of recording transactions for both financial and tax reporting.
  • Reviewed business operations to determine compliance with reporting requirements for taxes, granters, and banks.
  • Prepared adjusting, reclassifying, and eliminating entries to prepare financial statements in accordance with GAAP.
  • Effectively interacted and consulted with clients, corporate officers, banking officials, and government officials on both an oral and written basis.
  • Prepare reports to address compliance issues, and assist with improving compliance, accounting, reporting, and internal controls.
  • Team member for larger audits.
  • Assisted bookkeeping staff with accounting, tax, QuickBooks, and computer issues.

Corporate Accountant

Superior Technical Resources
Amherst
12.1996 - 09.2000
  • Reconciled general ledger accounts, bank accounts, intercompany accounts, and payroll accounts.
  • Analyzed and maintained daily cash requirements and lines of credit for five companies and the Canadian subsidiary.
  • Performed employment tax research to assist management with expanding into new jurisdictions: federal, state, and international.
  • Established business presence and payroll reporting for new jurisdictions.
  • Established a Canadian subsidiary and performed accounting and payroll tax duties.
  • Supervised and assisted accounting staff with accounting and payroll tax issues.
  • Assisted the CPA firm with annual audit requirements.
  • Successfully worked with state and federal agencies to resolve payroll tax reporting issues.

Controller

Buffalo Columbus Hospital
Buffalo
05.1994 - 06.1996
  • General ledger account analysis for the hospital, private operating foundation, and related skilled nursing facility.
  • Discovered material misstatements of accounts payable and accounting issues with malpractice insurance.
  • Plan, supervise, and review all aspects of the Accounting Department.
  • Manage cash flow and accounts payable to maximize payments to vendors, and meet the needs of the hospital.
  • Developed procedural guidelines for processing transactions and preparing reports.
  • Developed spreadsheets and workpapers to streamline month-end and year-end closing of the books.
  • Supervised accounting staff by helping them resolve issues and providing feedback on job performance.
  • Performed administrative duties including personnel issues, training, and employee evaluations.

Education

Master of Science - Business and Distributive Education

State University of New York College At Buffalo
Buffalo

Bachelor of Science - Accounting

Rochester Institute of Technology
Rochester, NY

Associate of Applied Science - Accounting

Niagara County Community College
Sanborn, NY

Skills

  • Accounting principles
  • Effective communication
  • Internal controls
  • Client relationship management
  • Data analysis
  • Attention to detail
  • Problem solving
  • Report preparation
  • Audit techniques
  • Tax compliance
  • Financial analysis
  • Team leadership
  • Communication skills
  • Fixed asset accounting
  • Account reconciliation

Accomplishments

  • IRS Excellence Award
  • IRS Commissioners Award
  • IRS Special Act Awards
  • IRS Manager's and Performance Awards

Certification

  • New York State Certified Public Accountant

References

References available upon request.

Timeline

Senior Internal Revenue Agent

Internal Revenue Service, IRS
10.2009 - Current

Senior Accountant/Auditor

Brown & Company Jewelers
12.2008 - 10.2009

Corporate Accountant

Superior Technical Resources
12.1996 - 09.2000

Controller

Buffalo Columbus Hospital
05.1994 - 06.1996

Master of Science - Business and Distributive Education

State University of New York College At Buffalo

Bachelor of Science - Accounting

Rochester Institute of Technology

Associate of Applied Science - Accounting

Niagara County Community College

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Carol A. Petty