Sibi Thomas is a Partner within the Nonprofit, Government & Healthcare Group at Marks Paneth LLP, with more than 15 years of extensive accounting, auditing, tax, and consulting experience. Mr. Thomas was recognized by the CPA Practice Advisor as a 40 under 40 honoree for leading the accounting profession. He is also a member of the AICPA’s Not-for-Profit Entities Expert Panel.
Mr. Thomas plans, coordinates, and conducts audits of nonprofit organizations including large social service organizations, third-party funded organizations, educational institutions, charitable, and fundraising, and membership organizations including those requiring audits pursuant to Uniform Guidance (Single Audit). Mr. Thomas performs audits of New York State cost reports, preparation and review of tax returns (Form 990, 990-PF, 990-T, CHAR 500), and audits of pension plans (defined benefit and defined contribution). Mr. Thomas has led numerous training seminars for clients and professional staff on various topics relating to new accounting standards, governance, compliance, and financial reporting.
Mr. Thomas has deepened his expertise as an adjunct faculty of not-for-profit accounting at New York University (NYU). He is experienced in all facets of audit, tax, and accounting in the nonprofit industry, including external audits to assess the effectiveness of controls, the accuracy of financial records, and efficiency of operations, risk assessment, testing internal controls, and developing audit programs. Mr. Thomas has authored several articles for the New York Nonprofit Review and Accounting Today that focused on helping nonprofit organizations evaluate their existing governance and financial reporting process. Mr. Thomas is also a Certified Fraud Examiner and a Chartered Global Management Accountant.
Current role