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Company News

30Sep 2018

Adelfia LLC Moves to a New Office in Chicago

The new office is located at 400 E. Randolph Street, Suite 700, Chicago, IL 60601. Please note that the office’s phone and fax numbers remain the same. While postal mail directed to the old address will be forwarded, it would be appreciated if clients would update their records to ensure timely receipt of local and express service deliveries.


27Sep 2018

Adelfia LLC Has Successfully Completed and Passed Its Peer Review

Chicago, Illinois, September 27, 2018 Adelfia LLC announced today that it has successfully completed a rigorous peer review of its accounting and auditing practice. The reviewer concluded that the firm’s system of quality control for the accounting and auditing practice in effect for the year ended December 31, 2017, has been suitably designed and complied with to provide reasonable assurance of performing and reporting in conformity with applicable professional standards in all material respects.

Adelfia LLC participates in the Peer Review Program, a practice-monitoring program approved by the American Institute of Certified Public Accountants (AICPA), the national professional organization of CPAs. A firm participating in the Peer Review Program must have an independent review of its accounting and auditing practice every three years. The review was conducted under the auspices of the Illinois CPA Society following standards issued by the AICPA.

The peer review of Adelfia LLC was performed by Mueller & Co., LLC, another independent CPA firm, who qualified under the program’s requirements for service as a reviewer. Its peer review rating of pass indicates Adelfia LLC meets the accounting profession’s high standards of quality and professionalism. A copy of the report on the results of the peer review is available in the company’s webpage at www.adelfiacpas.com.

Adelfia LLC provides assurance, accounting, tax, information technology review/audit and other services across industry-specialized practices: public sector/government, home health agencies, benefit plans, not-for-profit, colleges and universities, private companies, and small businesses located throughout the Chicago area, State of Illinois, and other States.

The American Institute of Certified Public Accountants (www.aicpa.org) is the national, professional association of CPAs, with more than 400,000 members in business and industry, public practice, government, education, student affiliates, and international associates.

It sets ethical standards for the profession and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination. The AICPA maintains offices in New York, Washington, D. C., Durham, N.C., Ewing, N.J., and Lewisville, Tex. Media representatives are invited to visit the AICPA Online Media Center at www.aicpa.org/mediacenter.


1Jan 2018

New Partner named at Adelfia LLC.

Gilda Belmonte Priebe, CPA, CIA, CFE, CGMA has been named Partner at Adelfia LLC. A graduate of Aquinas University of Legazpi (now University of Santo Tomas – Legazpi, Philippines), Gilda has extensive professional experience in financial audits, compliance examination, and Single Audits of State and local government, universities, non-profits and privately held companies. She is also a peer reviewer under the AICPA Peer Review Program. Prior to joining Adelfia LLC, Gilda served as a partner for a local accounting firm based in Chicago and also worked for two of the Big Four firms in Singapore and the Philippines. We are excited to have her as part of our leadership team.


1Jan 2017

New Partner named at Adelfia LLC.

Ana Ausan , CPA has been named Partner at Adelfia LLC. A graduate of Ateneo de Davao University (Philippines), Ana has extensive professional experience in financial reporting and analysis, forecasting, budgeting, Sarbanes-Oxley (SOX) and regulatory compliance, training and development, auditing, compliance examination, as well as strategic planning. Prior to joining Adelfia LLC, Ana served as Assistant Sector Controller for a global diversified industrial organization. Prior to that, she worked as an Audit Manager at a Big 4 Firm in Chicago, and a local accounting firm, where she performed financial audits, compliance examination, and Single Audits of State and local government, public, and privately held companies. We are excited to have her as part of our leadership team.


14Nov 2015

Adelfia LLC’s Managing Director Inducted as “Hall of Fame in Finance & Accounting 2015”

Congratulations to Stella Marie Santos for being inducted to the 2015 Annual Chicago Filipino American Hall of Fame presented by the Chicago Philippine Reports TV (CPRTV) & Via Times Magazine. Stella was inducted as Hall of Fame in Finance & Accounting category. The Hall of Fame Induction Gala was held on Saturday, November 14, 2015 at the International Grand Ballroom of the Hyatt Regency Hotel O’Hare, Rosemont, Illinois.

The CHICAGO FILIPINO ASIAN AMERICAN HALL OF FAME celebrated its 21st year anniversary in 2015, and honored high-achieving Filipinos / Filipino-Americans & Friends, focusing on their achievements in their own fields of interest or profession, and in their abilities and capabilities to promote the positive image of the Filipino not only in Chicago, but also in the entire United States of America, the Philippines, and throughout the world.

Because of Stella’s exemplary leadership and commitment to finance and accounting profession by serving as founder and Managing Director of Adelfia LLC, serving as officers of organizations such as ISFFA, PCPA Chicago, UP Alumni Association, Illinois CPA Society, and AICPA, CPRTV inducted Stella to the Hall of Fame 2015.


24Sep 2015

ADELFIA LLC Has Successfully Completed And Passed Its Peer Review.

Chicago, Illinois, September 24, 2015 ADELFIA LLC announced today that it has successfully completed a rigorous peer review of its accounting and auditing practice. The reviewer concluded that the firm’s system of quality control for the accounting and auditing practice in effect for the year ended December 31, 2014, has been suitably designed and complied with to provide reasonable assurance of performing and reporting in conformity with applicable professional standards in all material respects.

ADELFIA LLC participates in the Peer Review Program, a practice-monitoring program approved by the American Institute of Certified Public Accountants (AICPA), the national professional organization of CPAs. A firm participating in the Peer Review Program must have an independent review of its accounting and auditing practice every three years. The review was conducted under the auspices of the Illinois CPA Society following standards issued by the AICPA.

The peer review of ADELFIA LLC was performed by Mueller & Co., LLC, another independent CPA firm, who qualified under the program’s requirements for service as a reviewer. Its peer review rating of pass indicates ADELFIA LLC meets the accounting profession’s high standards of quality and professionalism. A copy of the report on the results of the peer review is available in the company’s webpage at www.adelfiacpas.com.

ADELFIA LLC provides assurance, accounting, tax, information technology review/audit and other services across industry-specialized practices: public sector/government, home health agencies, benefit plans, not-for-profit, colleges and universities, private companies, and small businesses located throughout the Chicago area, State of Illinois, and other States.

The American Institute of Certified Public Accountants (www.aicpa.org) is the national, professional association of CPAs, with more than 400,000 members in business and industry, public practice, government, education, student affiliates, and international associates.

It sets ethical standards for the profession and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination. The AICPA maintains offices in New York, Washington, D. C., Durham, N.C., Ewing, N.J., and Lewisville, Tex. Media representatives are invited to visit the AICPA Online Media Center at www.aicpa.org/mediacenter.


4Oct 2014

Adelfia LLC’s Director Inducted as “Hall of Fame in Finance & Accounting 2014”

Maria Fides Balita was inducted to the 2014 Annual Chicago Filipino American Hall of Fame in the Finance & Accounting category presented by the Chicago Philippine Reports TV (CPRTV) & Via Times Magazine. The Hall of Fame Induction Gala was held on Saturday, October 4, 2014 at the Crowne Plaza Chicago O’Hare, Grand Ballroom, 5440 N. River Road, Rosemont, Illinois.

The CHICAGO FILIPINO ASIAN AMERICAN HALL OF FAME celebrated its 20th year anniversary in 2014, and honored high-achieving Filipinos/Filipino-Americans & Friends, focusing on their achievements in their own fields of interest or profession, and in their abilities and capabilities to promote the positive image of the Filipino not only in Chicago, but also in the entire United States of America, the Philippines, and throughout the world.

Maria’s dedication and commitment to finance and accounting profession was recognized as she served as founding President of the International Society of Filipinos in Finance & Accounting, Director of the newly formed Adelfia LLC, and her involvement with organizations such as Illinois CPE Society Women Executive Committee, AICPA, and Batangas City Association of Chicago.


28March 2014

ADELFIA LLC’s Managing Director Honored as New Member of “Circle of Empowered Women 2014"

Congratulations to Stella Marie Santos for being honored as New Member of Circle of Empowered Women. The Circle of Empowered Women (CEW) is composed of Filipino women in the Midwest who are leaders and nurturers. Formed in 2004 in Chicago during the 6th NaFFAA (National Federation of Filipino American Associations) National Conference, CEW continues to provide enriching experiences to its members.

In March 2014, NaFFAA Illinois joined in celebrating International Women’s Month with this year’s theme “Inspiring Change.” The CEW held a forum followed by an induction dinner of new CEW members on Sunday, March 30, 2014 at the Hilton Hotel O’Hare at 5550 N. River Road, Rosemont, Illinois.

NaFFAA Illinois, a 501C3 nonprofit organization, shares the mandate of the national organization. With chapters all over the United States, NaFFAA strives to promote the welfare of Filipinos and cohesion among Filipino American communities. Because of Stella’s exemplary leadership and commitment to women’s issues NaFFAA honored her as a new member of CEW.

Congratulations Stella! We are proud of you!


18Feb 2013

New Member Named at ADELFIA LLC

Maria Divina Valera, CPA, has been named Director at Adelfia LLC. A graduate of Maryknoll College (Philippines), Mavie worked for one of the Big Four firms and a local accounting firm based in Chicago. She brings a depth of experience to our firm, with concentrated knowledge of international tax services, focused on compliance issues associated with the operation of an international business. She also has adequate knowledge of State and Local government agencies, Non-Profits and Medicaid Integrity Programs having engagements performed on these entities. We are excited to have her as part of our team.

PEER CERTIFICATIONS

Our CPA Firm's system of audit quality control for its nonpublic company accounting and auditing practice is subject to external peer review triennially.

Our most recent AICPA’s Certificate of Recognition Peer review program, is available below.