Nichole A. Reilly, CPA, MBA

Partner

Nichole is a leader in AAFCPAs’ Education Practice, where she specializes in advising charter schools, private schools, and other education-related nonprofits. She fully understands the nuances of the education industry and its business and operational challenges, including funding opportunities and regulatory issues. Nichole also possesses deep expertise in advising arts and cultural organizations, offering specialized guidance that enhances their financial resilience and strategic planning.

Nichole’s active involvement with the MA Charter Public School Association showcases her leadership and commitment to the educational sector. Her expertise is frequently highlighted through her insightful articles and presentations on pivotal topics such as FASB/GASB compliance, endowment planning & alternative investments, fraud anticipation, and COVID funding compliance.

TypeCoach certified, Nichole helps our teams grow their understanding of one another’s work styles while learning how to leverage each other’s strengths, build trust, and improve collaboration. She is a former leader in AAFCPAs’ Professional Advancement & Development program and recognized for her commitment to help our team members own their careers, be challenged, remain inspired, and grow. She is a 2020 recipient of the distinguished, partner-nominated Joel Aronson Character Award, recognized for her honorable character, work ethic, and client dedication.

Nichole continues to enhance her leadership capabilities through participation in a prestigious Leadership Academy, set to complete in September 2024. Her involvement is pivotal in driving forward-looking initiatives such as modernizing performance management. She is a visionary leader whose dedication and innovative approach continue to enrich the communities we serve.

Education

Assumption College – Master of Business Administration
Assumption College – Bachelor of Arts, Accounting

Professional and Civic Associations

American Institute of Certified Public Accountants
Massachusetts Society of Certified Public Accountants

Community Service

Board of Trustee and as Treasurer of Christa McAuliffe Charter School

2020 Recipient of the Joel Aronson Character Award

Contributed Insights

ESSER Program Removed From Higher Risk Designation

AAFCPAs would like to make clients aware that the U.S. Office of Management and Budget (OMB) under the Office of Federal Financial Management released the 2024 OMB Compliance Supplement, removing the Elementary and Secondary School Emergency Relief (ESSER) program from the listing of programs with higher risk designation. Many charter schools have undergone an audit […]

Movers & Shakers for Feb. 19, 2024

Worcester Business Journal (February 19, 2024) – AAFCPAs, an accounting consulting firm in Westborough, has promoted four employees to partner. LAUREN DUPLIN joined the firm in 2009 and is a senior member of AAFCPAs’ Fractional CFO & Outsourced Accounting practice, with more than 12 years of experience in auditing. NICHOLE REILLY joined AAFCPAs in 2010 as leader of the […]

Duplin, Reilly, and Leroux Promoted to Partner at AAFCPAs

Boston, MA (January 2, 2024) — AAFCPAs, a preeminent 300+ employee CPA and consulting firm specializing in tax, assurance, accounting, wealth management, business process and IT advisory solutions, is pleased to announce the promotion to partner of Lauren M. Duplin, CPA, Nichole Reilly, CPA, MBA, and Justin Leroux, CPA effective January 1, 2024. Lauren M. […]