Kosta Tchobanov, CPA, MSA, Partner

Background

Kosta Tchobanov is a Partner in Warady & Davis LLP’s Audit and Accounting practice with specialized experience in not-for-profit organizations including associations and foundations, health and welfare organizations, park districts, library and school district audits.  Prior to joining Warady & Davis LLP, Kosta was an Audit Manager with Knutte & Associates, P.C. where he acted as the lead auditor for many private postsecondary schools, not-for-profit and governmental clients.  Before his career in public accounting, Kosta also served as an internal auditor for Village Resorts, Inc.

Kosta works on many of our not-for-profit audits as the Engagement Partner and has considerable experience in grant reporting including Single Audits. Kosta has achieved an advanced Single Audit Certification by the American Institute of Certified Public Accountants. He also has performed numerous audits of educational institutions and school districts.  Additionally, Kosta has also served national and multi-national organizations. He is knowledgeable in all aspects of the financial reporting preparation and auditing process and has conducted Sarbanes-Oxley (SOX) compliance audits, as well as compliance audits for the Environmental Protection Agency, U.S. Department of Labor, Department of Education, Department of Health and Human Services, Department of Child and Family Services, Department of Housing and Urban Development and the Illinois State Board of Education.

In addition, Kosta serves many for-profit clients in the real estate and healthcare industries by performing audits, reviews, compilations, consulting, tax return preparation and planning.
Kosta’s extensive experience includes the preparation of Form 990 returns for organizations exempt from income tax, individual, corporate and partnership returns for various entities and helping clients establish their tax-exempt status with the IRS and the State Attorney General’s office.

Education

Kosta received his Masters of Science in Accounting degree from the University of Illinois at Chicago, his BA in Liberal Arts from Northeastern Illinois University and his BS in Accounting and Auditing from the University of National and World Economy.  He is a licensed Certified Public Accountant in the State of Illinois.

Professional and Civic Affiliations

• Member of the American Institute of Certified Public Accountants
• Member of the Illinois CPA Society
• Member of University of Illinois Alumni Association
• Northeastern Illinois University Alumni Association
• Mensa