Lee Klumpp

Lee Klumpp

National Assurance Partner – Nonprofit & Government


BDO Greater Washington, D.C.



Executive Summary

Lee has more than 20 years of accounting experience and specializes in working with nonprofit organizations. As a major contributor to BDO’s Institute for Nonprofit Excellence, he monitors current accounting, auditing, governance and finance issues affecting nonprofit organizations. Lee also consults with BDO clients, engagement teams and others around the country on various topics related the Single Audit Act and the OMB’s Uniformed Administrative Guidance (Supercircular).
He recently completed a fellowship with the Financial Accounting Standards Board (FASB) where he acted as a project manager focusing on emerging practice issues affecting the nonprofit industry. 

Lee spends an extensive amount of time researching, writing, and disseminating information related to recent accounting and auditing pronouncements promulgated by the FASB, the Government Accounting Standards Board (GASB), the Office of Management and Budget (OMB), the Government Accountability Office (GAO), the Auditing Standards Board (ASB), and other organizations that provide guidance to the nonprofit industry. Lee is an accomplished speaker and has presented on various nonprofit accounting, auditing, internal control, governance, financial reporting, and single audit issues.

Professional Affiliations

American Institute of Certified Public Accountants, Member and National Instructor
American Institute of Certified Public Accountants-- Ethics Committee’s Technical Standards Subcommittee, Member
Bethesda Chevy Chase Chamber of Commerce, Board of Directors, Vice-President of Budget and Finance
Congressional Awards Foundation, Board of Directors
Financial Accounting Standards Board -- Nonprofit Resource Group, Member
Greater Washington Society of Certified Public Accountants--Not-for-Profit Committee, Chairman
Maryland Association of Certified Public Accountants
Montgomery Community Television, President of the Board of Directors


B.S., Accounting, University of Maryland