Conroe, December 14 – The Montgomery County Board of District Judges appointed Rakesh Pandey, C.P.A., as the new Montgomery County Auditor to begin on January 1, 2019. Pandey, who presently lives in New Caney but also owns a home in Katy, will be the first County Auditor, which Montgomery County has enjoyed in approximately four decades who has not come up through the “good ol’ boys” network. Pandey has not previously worked in Montgomery County.
The Board of District Judges voted on September 14, 2018, not to renew the contract of Montgomery County Auditor Phyllis Martin. Presently, Montgomery County is the largest County in Texas without a Certified Public Accountant in the role of County Auditor. Martin, who has worked closely with certain individuals, such as Precinct 1 County Commissioner Mike Meador, has never maintained the level of independence that auditing standards require of an auditor.
As an additional indicator of her proximity to politics within the County government, Martin will go to work for incoming Precinct 4 County Commissioner James Metts, now a JP, on January 1. Metts has already begun to spend substantial time working for Metts privately rather than performing her duties as the County Auditor through the end of the year.
Pandey, who is 34 years old, attended boarding school at Budhanilkantha School, one of the most highly-reputed board schools in the world, located in Narayansthan, 8 kilometres north of Kathmandu, Nepal. He received a Bachelor of Science Degree in Accounting and Finance from Trinity University in San Antonio in 2008 and a Master of Science Degree in Accounting in 2009.
Pandey worked as an audit professional for KPMG US in Houston from 2009 to 2014. He has worked at EDF Trading since 2014 and also has his own accounting practice in Katy. He became a Certified Public Accountant in Texas in 2011 and has had no disciplinary history with the Texas Board of Public Accountancy. Pandey is a member of the American Institute of Certified Public Accountants.
Pandey very cordially spoke with The Golden Hammer this afternoon after his appointment. “I look forward to coming into this position to improve the situation and address the problems in the County Auditor’s Office. I understand that a very high priority must be for me to establish and maintain a very strong line of communication with the Board of District Judges for whom I’ll work,” Pandey said.
“I want the County Auditor’s Office to be very open,” the incoming County Auditor explained. “I have read the Postlethwaite & Netterville report concerning the performance of the current office and want to improve on the areas of concern.”
Pandey confirmed that he is very experienced with “Yellow Book standards,” the colloquial name for the United States General Accountability Office standards for internal government auditing as well as the Institute for Internal Auditors standards for internal auditing.
Pandey will receive $125,000 per year as his salary, which is $20,000 per year less than Martin.