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Gregory M. Holloway, CPA, CGFM

Chairman & Partner

Mr. Holloway, Chairman and Partner of Holloway & Co., PLLC, is an expert in government programs (federal, state and local), banking and healthcare. He has 30 years of successful experience that includes years of testifying before the United Stated Congress and providing consulting (financial management and operational improvement), auditing and accounting services across federal, state and local government programs and financial institutions and their regulators.

Mr. Holloway is an expert in Medicare and Medicaid and has several years experience in providing services to the Centers for Medicare and Medicaid Services and various Medicare contractors nationwide. He also has expansive knowledge of the Chief Financial Officer's (CFO) Act, financial management and compliance audits across the federal government, and is an expert in GAO auditing standards, AICPA auditing standards, Single Audit requirements, JFMIP guidance and OMB Circulars, including Revised Circular A-123, FMFIA and internal control reporting standards.

Mr. Holloway was formerly the Managing Partner of the Washington, D.C. Metropolitan offices of a regional accounting firm headquartered in New York. During this time Mr. Holloway was successful in winning the contract to perform the financial statement audit of the District of Columbia's (DC) Comprehensive Annual Report – at that time it was the only time in DC history that a "non big five" firm performed the audit. Mr. Holloway directed this effort for two fiscal years (1998 and 1999).

Prior to joining the regional accounting firm, Mr. Holloway was Director of Government-wide audits for the U.S. Government Accountability Office (GAO), formerly the General Accounting Office, in Washington, D.C.

At GAO he was responsible for all major financial statement audits across the federal government and in the District of Columbia, including the first ever consolidated financial statement audit of the entire Federal government. The audits encompassed financial analysis and evaluation of the impact of Federal policies on the American people and domestic and international markets, as well as the effectiveness of Federal agency program delivery efforts.

Mr. Holloway conceptualized, planned, and was responsible for management and implementation of consolidated financial statements for the Federal government, one of the most complex and largest entities in the world. It included auditing more than $1.5 trillion in revenues and expenditures and spanned every facet of government, including Defense, Medicaid, Medicare, Social Security, and more than $5 trillion in public debt and related interest. He directed and managed over 300 staff members across the country and indirectly managed the efforts of the more than 2,000 Office of Inspector General and public accounting firm staff members that participated in this massive effort.

For the Internal Revenue Service (IRS), Mr. Holloway directed, managed, and provided congressional testimonies and reports on the first ever and four subsequent year's financial statement audits of the IRS. These efforts assessed every aspect of the IRS' $9 billion in operations, including its collection efforts of more than $1.4 trillion in taxes and its efforts to collect unpaid taxes. Mr. Holloway's contributions were a major catalyst in the IRS reorganization efforts and the congressionally mandated "taxpayer service" initiatives implemented by the IRS.

Additionally, Mr. Holloway led GAO's efforts through the banking crisis of the late 1980s and early 1990s. His work and testimony were instrumental in shaping most of the major banking legislation passed during those years. Along with this, Mr. Holloway also led GAO's efforts in auditing the Federal Deposit Insurance Corporation ("FDIC") for several years including the detailed review and evaluation of each major bank failure in Texas and New England.

While at GAO Mr. Holloway also led several efforts in reviewing all facets of the bank regulatory agency operations, including the Federal Reserve, Office of the Comptroller of the Currency, Office of Thrift Supervision, and the FDIC. This included reviewing the agency's supervisory and oversight responsibilities and reviewing most major failed bank transactions. Mr. Holloway testified before Congress on the results of many of these efforts. His work was instrumental in shaping the Congressional legislative agenda for banking that laid the foundation for the repeal of Glass Steagall Act which was the foundation for the plan to recapitalize FDIC and the other insurance funds.

Mr. Holloway also performed detailed analysis of the District of Columbia's financial condition and budget and provided congressional testimonies and reports on the appropriateness of budget requests. In addition, he directed an exhaustive study of the District's healthcare delivery system with special emphasis on its Medicaid and Medicare program delivery efforts. He also performed extensive work, including issuing reports and testimonies, on the feasibility, financing, and construction of the Verizon Center, home of the NBA's Washington Wizards and NHL's Washington Capitals.

Prior to his tenure at GAO, Mr. Holloway was the Senior Vice President, Controller and Chief Accounting Officer of a publicly traded savings and loan. He started his career with Arthur Young and Company (now Ernst and Young, LLP) and was promoted to Audit Manager and served in that capacity for two years before joining the savings and loan.