Neil DeAngelis, Senior Adviser with StoneTurn, has more than four decades of experience in audit and consulting for public and private companies across various industries.
Neil’s experience and expertise spans revenue recognition, SEC reporting, asset impairments, business combinations, equity-based compensation, complex equity agreements, IPO readiness, and internal controls, among other topics.
Prior to joining StoneTurn, Neil was a Senior Partner at Ernst & Young, where he completed a 37-year career in the Firm’s Assurance practice in June 2017; he became an audit partner in 1995. From 1995 to 1998, Neil served in the firm’s National Audit Practice, as part of an international team that developed and piloted improvements and major changes to the firm’s global audit methodology. As an audit client service partner, Neil practiced from 1998 to 2014, where he served a variety of clients, from venture-backed technology companies through the IPO/sale process to multi-national public entities. As the partner-in-charge on these audit engagements, Neil had regular and significant interactions with audit committees, C-suite management and their external advisors. Neil served public and private companies in a wide variety of industries, including technology, services, biotechnology/pharma, medical devices and industrial and scientific products manufacturing and distribution. From 2014 to his retirement in 2017, Neil served on EY’s Quality & Regulatory Matters (QRM) team of the Firm’s Professional Practice Group. In this role, Neil supported and led audit teams in the industries noted above as well as in the oil & gas, real estate development and management, shipping and consumer products industries.
Subsequent to his retirement from EY in June 2017, Neil worked on assignments for EY Global, including assisting the EY Greece firm with its PCAOB inspection in the fall of 2017 and in 2017 and early 2018 assisted the EY Netherlands firm with the audit approach being developed for a first-year audit of a major multi-national corporation.
During his final four years at EY (2014-2017), Neil practiced in EY’s Professional Practice Group where he was one of 8 EY partners on the Quality & Regulatory Matters (QRM) team in the US whose role was to prepare, coach, instruct and participate with US and foreign EY audit teams undergoing regulatory (PCAOB and foreign) audit inspections. The audit inspections focused on the client’s key accounting and reporting matters as well as its financial processes and procedures, including the related IT systems and internal controls. As a retired partner, as noted above, Neil contracted with EY to provide this same support as a consultant to EY Global during 2017 and 2018.
Neil was responsible for leading over 40 such inspections and coaching numerous other in-process audits likely to be inspected. Neil also led EY audit inspection teams performing internal audit quality reviews. He served as an Engagement Quality Review partner providing objective technical oversight for numerous audit engagements.
From 2019 to 2022, Neil was a contractor with the Ernst & Young Foundation’s Academic Resource Center and assisted in the development and authoring of technical audit and accounting teaching and educational materials for college professors’ use, including materials related to ethical behavior. These materials have been disseminated to and utilized by many college accounting and auditing programs throughout the U.S.
Neil, for the past year and currently, provides consultation on a project-basis to a Boston-area public accounting firm on accounting and related technical matters.