Back again as a speaker on the 2026 NYSSCPA FINOP panel, Rafael Beck shared practical insights shaped by his experience preparing financial statements for dozens of broker-dealers. Take a look at some excerpts here:
He emphasized that many firms operate similarly, allowing his team to rely on proven templates and prior financials, customized to each client's needs. This consistency helps streamline reporting—but it also highlights recurring friction points.
One major challenge, he noted, is the tendency for auditors to focus on minor language edits instead of substance. Beck was clear on where responsibility lies:
“Auditors need to understand that they don’t own the financial statements. The clients own the financial statements, and we represent the clients.”
For Beck, the FINOP’s role is to advocate for the client while ensuring accurate and compliant reporting.
He also highlighted the advantages of outsourced FINOPs. By working across many firms, outsourced professionals bring broader experience and a network of peers to consult on unfamiliar or complex issues.
Importantly, firms don’t need to fully outsource to benefit. Many use external FINOP support to review work, assist with filings, or provide ongoing guidance—especially when in-house expertise is limited.
As always, you can count on Integrated Solutions to leverage experience, focus on substance over style, and keep the client’s interests at the heart of financial reporting.
