Salvatore A. Collemi, CPA

Partner-in-Charge, Professional Standards Group

Manhattan
685 Third Avenue
New York, NY 10017
Phone: 212.710.2210
scollemi@markspaneth.com

About

Salvatore A. Collemi, CPA, is the Partner-in-Charge of the Professional Standards Group at Marks Paneth LLP. To this role, he brings more than two decades of experience with US and international financial reporting, professional standards, corporate governance and risk management practices.

The Professional Standards Group oversees overall compliance with and implementation of accounting, audit and attestation standards, independence and ethics and quality control standards set by the American Institute of Certified Public Accountants (AICPA), the Financial Accounting Standards Board (FASB), the Public Company Accounting Oversight Board (PCAOB), the US Department of Labor (DOL) and US. General Accounting Office (GAO).

Prior to joining Marks Paneth, Mr. Collemi served as the Managing Member and Founder of Collemi Consulting & Advisory Services, LLC. In this role, he provided high-level strategic and technical guidance to many small and mid-size public accounting firms, litigation attorneys, valuation experts and the C-suite.

As a former Staff Accountant in the Division of Corporation Finance, a Technical Manager in the National Peer Review Program and external auditor at leading institutions such as the US Securities and Exchange Commission (SEC), the American Institute of Certified Public Accountants (AICPA) and several mid-size to large international public accounting firms, he has demonstrated the impact of US and international financial reporting, internal control systems and regulatory compliance acumen as they affect privately-held and publicly-traded companies.

As a recognized subject matter expert on International Financial Reporting Standards (IFRS), Sal was named by the AICPA as an official participant in the development and review of IFRS questions for the Uniform CPA Examination and the content for the IFRS Certificate of Accomplishment Program. He served as the IFRS Expert-at-Large for the AICPA Board of Examiners Content Committee from 2011-2014.

Education

City University of New York – Brooklyn College
Bachelor of Science, magna cum laude
Major: Accounting
Minor: Italian Language and Culture

Professional Memberships

Accountants Club of America
American Institute of Certified Public Accountants
Association of Securities and Exchange Commission Alumni
Marlboro Economic Development Committee
New York State Society of Certified Public Accountants
New Jersey Society of Certified Public Accountants

Practice Areas

Commercial and Financial Services Industries
US and International Professional Standards
US GAAP, IFRS and Special Purpose Frameworks Financial Reporting
SEC Reporting and PCAOB Standards
Quality Control Standards

Licensed In

New York
New Jersey