FRANK MILONE CPA
PARTNER, ASSURANCE & ADVISORY SERVICES

 

“To me, a great idea has to result in a cultural change. One example is the development of flight. AIRPLANES connect the world’s people in a manner never possible prior to their existence. In a similar way, my partners and I founded a firm that is changing the way companies perceive and utilize accountants.”

                                                                                                         — Frank Milone on the power of a great idea

 Frank

LOGICAL THINKING.

Frank Milone’s in-depth knowledge of businesses in technology, medical devices, manufacturing and service was already well established when he co-founded FML. More than a decade of audit and advisory experience with Ernst & Young made his thinking invaluable to companies that have since benefited from his expertise. ADVO, Inc.; Stanley Black & Decker; Delcath Systems, Inc.; Premise Corporation; Orthocon, Inc; Paper G, Inc; eTouches, Inc; and SmartEquip, Inc. are just a few of them. The range of his experience includes companies in all life stages—from the start-up with complex needs to the public company looking for expert financial advice or Sarbanes 404 expertise. Frank is a left-brain thinker with expert technical knowledge, particularly in the areas of equity accounting, revenue recognition and inventory. At the same time, he possesses the strong interpersonal skills that have helped him forge lasting business relationships. The combination has led to his success with clients that require specialized audit advice in short order.


One of his most challenging and rewarding projects involved a foreign public company purchasing two companies in the US. “We became a valued member of the due diligence team, working with the CEO, CFO, investment bankers and lawyers,” he says. “The language in the purchase agreement was crucial in mitigating the risk issues we identified.”

 

CONTACT INFORMATION: fmilone@fmlcpas.com

 

 

Frank graduated from the University of Connecticut with a BS in Accounting, and remains involved with his alma mater through various boards. He believes that a balanced life enhances his commitment to his profession, and enjoys spending time with his family, volunteering and supporting his favorite sports teams.

 

OF NOTE:

 

President of the State Board of Directors for the Crossroads Venture Group

 
Board Member of the Connecticut Technology Council


Immediate Past President and Board Member of the University of Connecticut Alumni Association


Member of the Board of Advisors, University of Connecticut Accounting Department

 

Member of the Board of Advisors, University of Connecticut Innovation Quest

 
Awarded the Outstanding Accountant Award for 2008-2009 by the Accounting Department of the University of Connecticut.