DLA, LLC (“DLA”), an Internal Audit, Accounting & Corporate Finance Advisory Firm headquartered in the New York Metro area, is excited to announce the promotions of Marissa Wendel and Kristan Lorusso in our Forensics, Valuation and Litigation Support (FVLS) group…
On October 25, the Financial Accounting Standards Board (FASB) issued a simpler accounting option that will enable private companies to more easily measure certain types of shares they provide to both employees and nonemployees as part of compensation awards. Here are the details.
DLA, LLC (“DLA”), an Internal Audit, Accounting & Corporate Finance Advisory Firm headquartered in the New York Metro area, is excited to announce the addition of David B. Smith, CPA/ABV/CFF, ASA, as a Partner in the Firm’s Forensic, Valuation and Litigation Support (FVLS) group. David has over 30 years of business advisory expertise in litigation support, economic damage analysis, forensic accounting, and business valuation and has testified numerous times as an expert witness on a broad array of disputes in both State and Federal Courts, and in arbitration proceedings. “The experience that David brings to DLA is immeasurable,” states David Landau, DLA’s Founder & CEO. “David is a skilled expert witness in the areas of matrimonial and commercial litigation. I am honored that David chose to join DLA and look forward to having him on our team.”
DLA, LLC (“DLA”), an Internal Audit, Accounting & Corporate Finance Advisory Firm headquartered in the New York Metro area, is excited to announce the promotion of several employees. David Landau, Founder & CEO states, “As a company, we strive to promote from within. We look at our employees who are ambitious and have a strong desire to advance and grow in their positions. We encourage team members to think big when it comes to DLA and their own personal career growth." “Each of these staff members have shown drive, dedication, and commitment to our clients and each other. I have no doubt that they will continue to excel and exceed our expectations in their new roles,” adds Phil Ramacca, DLA President & COO.
DLA, LLC (“DLA”), an Internal Audit, Accounting & Corporate Finance Advisory Firm headquartered in the New York Metro area, is excited to announce the addition of Frederick P. Bara, CPA, to lead and expand the Firm’s tax practice.
In the first half of 2021, there was a surge in financial restatements. The reason relates to guidance issued by the Securities and Exchange Commission, requiring special purpose acquisition companies (SPACs) to report warrants as liabilities. SPACs are shell corporations that are listed on a stock exchange with the purpose of acquiring a private company, thereby making it public without going through the traditional IPO process. Historically, SPACs that offer warrants (which allow investors buy shares at a set price in the future) have reported those instruments as equity.
The Financial Accounting Standards Board (FASB) recently conducted a post-implementation review of Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606). The rules were issued in 2014 but took effect in 2018 for public companies and in 2019 for private companies.
On June 16, the Financial Accounting Standards Board (FASB) issued a proposal that would enable private companies to have a more flexible approach when using a discount rate to measure lease liabilities. The discount rate directly impacts the lease liability that companies record on their balance sheets, and the proposed tweak would be a helpful simplification.
DLA, LLC (“DLA”), an Internal Audit, Accounting & Corporate Finance Advisory Firm headquartered in the New York Metro area, is excited to announce the promotion of several employees. “Our culture is to promote from within,” stated Founder & CEO David Landau. “Each of these employees have shown hard work, dedication, and commitment to our clients, and we are proud to have them on our team. I have no doubt that they will continue to excel and exceed our expectations in their new roles.”
Internal controls are a system of policies and procedures organizations put in place to protect assets and improve operating efficiency. Effective internal controls are critical to accurate financial reporting. A solid system of controls can help prevent, detect and correct financial misstatements due to errors and fraud.
