Living on the Ledger: Accounting & Audits in Life Science Startups
- Kathryn ZavalaMedTech Innovator & BioTools Innovator
- Josh Yelen, CPAFunction
- Kevin SarneyCharles River CFO
- Matthew SigmundLatham BioPharm Group
Summary
Step off the financial ledge and onto solid accounting ground. In this session, experts will guide startups through the tricky balance of bookkeeping, accounting, and fractional CFO support, showing exactly when you need each so you don’t feel like you’re on the edge without a safety net. We’ll explore how to create audit-ready systems and track grant funding. Attendees will learn how to avoid the common slip-ups that send founders off the ledger and into the red, and instead build audit-ready processes that investors love. By the end of the webinar, you’ll feel confident living on the ledger, instead of a ledge of uncertainty.
Speaker bios
Kathryn Zavala, MedTech Innovator & BioTools Innovator
Kathryn Zavala is COO and BioTools Innovator Managing Director at MedTech Innovator. She earned her PhD in Molecular, Cell and Developmental Biology from UCLA. Kathryn has been with MedTech Innovator since 2015. She was a Technology Fellow at the UCLA Office of Intellectual Property, where she assisted with the commercialization of university technologies.
Josh Yelen, CPA, Function
Josh Yelen is a seasoned finance, operations, and sales leader with 20+ years of experience operating in the trenches of corporate strategy, startup finance, and venture investing. As Founder and CEO of Function, he delivers fractional CFO support, real-time financial clarity, and tax strategy to help founders raise capital, navigate complexity, and scale with confidence. He is also the co-founder and currently a partner at Venture Forward Capital, a VC fund that is raising its second vintage. Josh is also a co-Founder and CFO of Mabloc, a biotechnology company focused on antibody development and pharmaceutical manufacturing. A licensed CPA and MBA, Josh is known for relentless execution, productivity obsession, and next-level strategic thinking, making him the person founders call when complex financial challenges need to be solved and results must be delivered on time and done right.
Kevin Sarney, Charles River CFO
Kevin leads the Life Sciences Practice at Charles River CFO where he serves in a CFO role for clients. With over 20 years of experience in public and private life science companies and professional services, he utilizes his experiences to assist companies in the preparation and completion of financial raises, public company readiness, financial controls, audits, SEC reporting and supporting financial operations from drug development through pharmaceutical product launches.
Kevin’s professional career began in Big 4 public accounting. He has held leadership positions at public biotech companies and private early-stage drug development companies. Kevin has numerous experiences in assisting companies going public at Enumeral, Tesaro, Tetraphase, Karyopharm, and Genocea. Kevin earned a B.S. in business management from the University of Hartford, an MBA from Boston University, and an M.A. in accounting from Suffolk University. Kevin is a CPA in Massachusetts.
Matthew Sigmund, Latham BioPharm Group
Matt has over 10 years of experience supporting life science organizations in securing and compliantly managing non-dilutive funding awards and sub-awards for product and technology development, and manufacturing capacity expansion. These awards have included contracts, OTA’s, cooperative agreements and grants with federal agencies such as the Department of Health and Human Services (HHS) and the Department of Defense (DOD) as well as agreements with consortia and non-governmental organizations such as the Coalition for Epidemic Preparedness Innovations (CEPI).
Matt’s expertise includes helping organizations navigate the financial and contract compliance requirements of their award portfolio. He has advised clients throughout all phases of the award lifecycle including cost and price estimating, indirect cost rate development and management, award negotiation and post-award compliance and financial management. He is experienced in supporting organizations new to the federal space with development of compliant systems and processes in the areas of accounting, procurement, timekeeping, and property management; and understands the importance of minimizing the impact of these additional requirements on an organization’s overall operations. Matt also has experience supporting organizations through audits with HHS audit groups including BARDA and NIH – DFAS; as well as audits conducted by DCAA and DCMA.
Prior to moving into consulting, Matt worked for the US Department of Commerce’s Bureau of Industry and Security focused on Defense Production Act-related defense industrial base health and security assessments. Matt holds an MA in International Trade from the George Washington University in Washington, DC and a BA in Economics and Political Science from Central College in Pella, IA.












