Philip_Santarelli

Philip J. Santarelli

Chief Risk Officer, ParenteBeard LLC

As Chief Risk Officer, Phil is responsible for the firm’s audit and accounting practice, risk management, quality assurance and consults with Partners on technical accounting and audit issues. Phil possesses a unique blend of practical experience with an in-depth accounting background, and he has worked with a diverse group of commercial clients throughout his long career. He serves as the firm’s primary resource for audit and accounting issues related to manufacturing and in particular, issues related to inventory. Phil’s background includes a concentration in the manufacturing sector, where he has been involved with numerous mergers and acquisitions and large financial transactions. Prior to entering public accounting, he was involved in a family-owned manufacturing business. Phil is a member of the Center for Audit Quality’s Smaller Firm Task Force and its Professional Practice Executive Committee and regularly comments on public policy matters related to the SEC and PCAOB. He is a former member of the Executive Committee of the Private Companies Practice Section (PCPS) of the AICPA, and recently completed his three year term as chair of its Technical Issues Committee. In this role he interfaced with accounting and auditing standards setters, providing comments and perspectives on the impact of accounting standards on private companies. He is also a member of the Financial Accounting Standards Board’s Private Company Standards Resource Group and the Disclosure Framework Resource Group. Phil earned a Bachelor of Science degree with a major in Accounting from King's College and a Master of Business Administration from Wilkes University.


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