Errol Labosky Joins DLA as Managing Director of the Firm’s Internal Audit Practice

Recent Insights

Updated Guidance for Impairment Testing: When to Consider Triggering Events

April 7, 2021

On March 30, the Financial Accounting Standards Board (FASB) published an updated accounting standard on events that trigger an impairment test under U.S. Generally Accepted Accounting Principles (GAAP). This simplified alternative may provide relief to private companies and not-for-profit entities that have been adversely affected by the COVID-19 pandemic. Here’s what you should know....
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4 Ways to Improve the Effectiveness of Your Audit Committee

March 26, 2021

Audit committees face many challenges in 2021. As the economy rebounds from the COVID-19 pandemic, there are new dimensions to the oversight roles and responsibilities of the audit committees. Consider taking the following four steps to fortify your committee’s effectiveness....
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    Phil Ramacca, CPA

    Phil Ramacca is the President & COO of DLA, LLC. Phil has over 30 years of broad business experience, with extensive audit experience relating to real estate and asset management companies. Phil has worked extensively with all of DLA’s real estate clients, including REITs, REOCs, and Private Equity firms, and serves as the Lead Client Service Partner for numerous real estate clients.

    Phil has worked with dozens of companies to initially comply with SOX requirements and maintain that compliance is ongoing. Phil has extensive audit experience in all categories of real estate and has performed in-depth reviews of the operations of joint venture partners, third-party managed properties, self-managed properties, and hotels. Phil works closely with senior management and his responsibilities include coordinating client engagements; post engagement discussions with client executives; recognizing, researching and resolving technical accounting and auditing issues; consulting on business combinations; and assisting clients negotiating debt agreements.

    Prior Work Experience

    Newsday
    Ernst & Young

    Education, Certifications & Affiliations

    Long Island University, CW Post – B.S. in Accounting

    Contact Information

    Address: 55 Lane Road, Suite 310 Fairfield, NJ 07004
    Phone: (973) 575-1565
    Fax: (973) 575-1615
    Email: Phil.Ramacca@dlallc.com