Sharmila Damarapati, CPA


Sharmila Damarapati is a CPA who brings years of experience auditing and advising a wide array of clients across multiple sectors at DBS Partners.

She developed expertise in subjects that include divestitures and carve-outs, revenue recognition, accounting for debt restructuring, SEC reporting, accounting policy and technical research, period-end close, consolidations, external audit, Sarbanes-Oxley, US GAAP, IFRS, governmental, pushdown, and lease accounting as well as audit data analytics.

Before forming DBS Partners, Sharmila worked at Deloitte & Touche LLP serving clients in sectors such as mortgage banking, energy, real estate, investment funds, private equity, consumer products, life sciences, and speciality chemicals.

Sharmila’s accounting experience includes:

  • Work on a $900M mergers and acquisitions transaction
  • Restructure $25M debt transaction
  • Assist a $50M company in valuation and develop proposals to potential clients
  • Assist in carve-out of an entity from a speciality chemical company
  • Audit several not-for-profit organizations, venture capital funds and mortgage banking companies
  • Review internal control environment to evaluate the design and operating effectiveness
  • Assist companies in converting financial statements from US GAAP to IFRS
  • Prepare consolidated financial statements of entities located in the United States and overseas

Sharmila graduated Summa Cum Laude from Rutgers University with Bachelor’s and Master’s degrees in accounting and was a recipient of the Departmental Award for Outstanding Achievement in Accounting, the Rutgers Academic Excellence Award, and the Roslyn Kuchin Scholarship. She is currently a member of the American Institute of CPAs and the New Jersey Society of CPAs.