Errol Labosky, CPA
Managing Director - Internal Audit
Errol Labosky focuses primarily on DLA’s real estate clients. For over 26 years, Errol has had extensive experience in internal audit, specializing in the real estate industry and REIT marketplace.
Prior to joining DLA, Errol served as a Senior Vice President, Internal Audit for nearly a decade at Vornado Realty Trust. Errol provided strategic leadership and guidance regarding the internal control environment, enterprise risk management framework, and operations initiatives in support of this REIT. He led the Internal Audit Department with reporting responsibilities to the Board of Trustees and executive management. In this capacity, Errol restructured the audit approach to concentrate on strategic, operational, reputational and regulatory risks. He partnered with the IT and Operations teams to implement solutions for cyber-related risks, a secure bank transfer portal, elevation of encryption levels for sensitive internal documents, and bolstering of endpoint protection. Errol collaborated with and advised business owners on the successful re-engineering of control processes, including enhanced screening for new vendors and migration to a paperless travel & entertainment system. Errol collaborated with senior management and the Board of Trustees to create an enterprise risk management framework. He regularly advised senior management and the Board on existing and emerging risks and the implementation of mitigation strategies.
Errol also served as an Inspections Specialist at the PCAOB previously in his career. In this role, he conducted inspections of audit work papers of the Big Four accounting firms with an emphasis on the firms’ largest clients. He also partnered with the Standards Group in the preparation of an exposure draft related to a proposed PCAOB standard.
Preceding the PCAOB, Errol was at Deloitte for 12 years reaching the level of Senior Manager where he supervised, coached and evaluated large teams on multiple engagements. His responsibilities included oversight of all facets of audit engagements, including managing relationships among client senior management and firm leadership. Errol also ensured the adequacy of financial statement disclosure requirements and compliance with Sarbanes-Oxley Section 404.
Errol Labosky is a graduate of D’Amore-McKim School of Business at Northeastern University with his Bachelor of Science in Accounting and Business Management. Errol is a Certified Public Accountant in New York and New Jersey.
Education, Certifications & Affiliations
- Northeastern University, B.S., Accounting, Business Management
- Certified Public Accountant – New York & New Jersey
- Chartered Global Management Accountant
- Institute of Internal Auditors
- American Institute of Certified Public Accountants
Phone: (973) 575-1565
Fax: (973) 575-1615