Joseph P. Fedeli

Joseph P. Fedeli

Certified Public Accountant

Joseph P. Fedeli

Experience

Upon graduation from The Pennsylvania State University with a Bachelor of Science Degree in Finance, Mr. Fedeli began his professional career with the international accounting and auditing firm of Touche Ross & Co. (Deloitte) then one of the "Big Eight".  While so employed, ultimately as a senior manager in the Philadelphia, Pennsylvania office, Mr. Fedeli managed and participated in a wide variety of audit work.  These engagements ranged from small manufacturing concerns to large financial institutions.

Since the inception of his firm, Mr. Fedeli has worked extensively with organizations and companies seeking to improve or regain their operating efficiency.  Much of this accounting and auditing work focused on evaluating the costs to make products or deliver services.

Mr. Fedeli served as President of the Pennsylvania Institute of Certified Public Accountants - Central Chapter in 2003-2004.

In addition, Mr. Fedeli has served several organizations as their chief financial officer.  One particular instance involves a small independent non-profit college.  In that capacity, Mr. Fedeli was directly involved with or responsible for various audits, including:

  1. The annual examination of its financial statements by an independent CPA.
  2. Program review audit by the U.S. Department of Education under Title IV whereby federal funds are approved for disbursement to sub-recipients (in this case, financial aid awards to qualifying students).
  3. Compliance audit by the Internal Revenue Service regarding wage taxes and withholding policies and practices.
  4. Compliance audit by the U.S. Department of Labor regarding the Employees Retirement Income Security Act of 1974 (ERISA).
  5. Program review by the Pennsylvania Higher Education Assistance Agency pertaining to awards to students.

 
Locally, having relocated his family and accounting practice to State College in early 1991, Mr. Fedeli has served various organizations  as independent audit/accountants and/or consultant for many local governments and authorities, non-profit organizations, as well as commercial concerns.

He oversees the State College offices providing a wide range of tax planning and compliance for individuals, partnerships, 'C' and 'S'- Corporations and non-profits. Industry experience includes real estate development and management, medical, legal, and other professional service businesses, farms, as well as, distribution and manufacturing companies, estates and trusts.

In many cases, audits of non-profit organizations contemplate the use of Government Auditing Standards, and are considered to operate in a governmental environment due to the nature of their contracts for federal funds.

Most important, however, is his variety of experience and the ability to assess a situation, quantify the needs and requirements and respond with a meaningful product.