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Lori Novak, CPA

Partner, Cohen & Co Advisory, LLC
Partner, Cohen & Company, Ltd.

Contact Information

Cleveland, OH
lnovak@cohenco.com
216.649.5719
  • Alternative Investment Funds
  • Assurance Services
  • Collective Investment Trusts
  • Exchange-Traded Funds
  • Investment Companies
  • Investment Company Audits
  • Mutual Funds
  • Private Equity
  • Registered Investment Advisers

Clients are confident in Lori’s guidance because of the unique combination of her highly technical background and her friendly and easygoing style, which creates an almost instant rapport. Funds and providers alike know if they have an issue she will see them through it, sifting through the regulatory detail to help find a practical solution.

Starting in public accounting in 1995, Lori offers clients deep technical expertise and insights from working at a national firm for most of her career. As part of our Assurance Practice leadership, she is actively involved in quality control and technical initiatives, and is responsible for the overall coordination and execution of the firm’s investment industry audit plan. Lori plays a key role in the oversight of audit planning and risk assessment, financial statement work and work-paper review, supervision of the audit team and board reporting. In addition, she oversees the audit innovation strategies being developed and incorporated into the audit plan, and frequently provides technical training on a firm-wide basis for the assurance department.

The funds Lori audits range in terms of structure, strategy, investment style and use of derivatives. With a highly diverse client base and technical acumen, Lori is commonly involved in engagements that include unique audit issues, such as hard-to-value securities and non-standard asset classes or product types. She handles many of the firm’s hard-to-value funds as well as a number of large engagements. Lori also provides audit and consulting services to various entities in the financial services and investment industry, including custody exams, to investment advisers and service providers, in addition to her mutual fund and hedge fund clients.

  • Leads the technical training initiatives for the firm’s Registered Funds and Alternative Investment Groups
  • Ohio Society of CPAs
  • American Institute of CPAs
  • Frequent author on the Cohen & Co blog

Lori lives in Medina, Ohio, with her husband, three kids and two dogs. Lori’s life outside of work primarily consists of spending time with her immediate and extended family, as well as fitting in a Yoga workout every once in a while.

Credentials & Education

  • Certified Public Accountant (Ohio)
  • B.S.B.A. in accounting, The Ohio State University

Thought Leadership

November 29, 2023

Regulatory Change and Retail Alternatives Center Stage at ICI Conference

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June 24, 2022

Investment Industry Wire | June 2022

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"Cohen & Co" is the brand name under which Cohen & Company, Ltd. and Cohen & Co Advisory, LLC, and its subsidiary entities, provide professional services.

Cohen & Company, Ltd. and Cohen & Co Advisory, LLC practice in an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations and professional standards.

Cohen & Company, Ltd. is a licensed independent CPA firm that provides attest services to its clients. Cohen & Co Advisory, LLC and its subsidiary entities provide tax, advisory and business consulting services to their clients and are not licensed CPA firms.

The entities operating under the Cohen & Co brand are independently owned and are not responsible for the services provided by any other entity operating under the Cohen & Co brand. Our use of terms such as “our firm,” “we,” “us” and other terms of similar import denote the alternative practice structure of Cohen & Company, Ltd. and Cohen & Co Advisory, LLC.

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