Image of Philip J. Santarelli

Philip J. Santarelli

Partner, CPA
215 557 2290

Philip Santarelli’s experience includes leadership within the audit and accounting practice, risk management, quality assurance, and technical resources and capabilities. As past chair of the American Institute of Certified Public Accountants’ private companies section technical issues committee, he interfaced with accounting and auditing standard setters and provided comments and perspectives on the impact of accounting standards for private companies.

Experience

  • Mergers and acquisitions
  • Significant financial transactions
  • Family-owned manufacturing business
  • Licensed CPA in Pennsylvania and Florida

Involvement

  • American Institute of Certified Public Accountants (AICPA)
  • AICPA Financial Reporting Executive Committee (FinRec)
  • AICPA Private Companies Practice Section, Technical Issues Committee (TIC), past chair
  • AICPA Auditing Standards Board, Special Considerations - Audits of Group Financial Statements (Including the Work of Component Auditors) (AU-C 600) task force
  • Center for Audit Quality, Professional Practice Executive Committee and Smaller Firm Task Force, chair
  • Public Company Accounting Oversight Board, Standing Advisory Group
  • Financial Accounting Standards Board
  • FASB Private Company Financial Reporting Resource Group
  • FASB NFP Financial Reporting Resource Group
  • AICPA Audit Risk Alerts Understanding the Responsibilities of Auditors for Audits of Group Financial Statements - 2013 -- Clarified
  • Pennsylvania Institute of Certified Public Accountants (PICPA)
  • Fringe Arts, board of directors

Thought Leadership

  • Expertise sought by Compliance Week
  • Baker Tilly International Audit and Accounting Forum, presenter
  • “Seven Deadly Sins of Audit Committees” published by Global Association of Risk Professionals
  • Washington Society of Certified Public Accountants, 2013 conference, speaker, “Group Audits Under Clarity”
  • Panelist at AICPA / CNA / AON webcast
  • AICPA Tech / Practitioners Symposium and 2013 Association for Accounting Marketing Summit, presenter
  • National Advanced Accounting and Auditing Symposium, presenter 2014, 2103 and 2012
  • Guest blogger on PICPA CPA Now regarding Securities and Exchange Commission’s leadership change

Education

King’s College
Bachelor of Science

Wilkes University
Master of Business Administration