The pros and cons of interim reporting

Recent Insights

Accounting for Business Combinations

May 5, 2021

If your company is planning to merge with or buy another business, your attention is probably on conducting due diligence and negotiating deal terms. But you also should address the post-closing financial reporting requirements for the transaction. If not, it may lead to disappointing financial results, restatements and potential lawsuits after the dust settles....
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Concerns About the Going Concern Assumption During an Audit

April 23, 2021

After peaking in fiscal year 2008, the estimated total of going concerns for fiscal year 2019 fell to the lowest amount in 20 years, according to a recent study by Audit Analytics. Unfortunately, the COVID-19 pandemic caused financial distress that could bring an end to this downward trend for fiscal year 2020....
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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