for some companies, the new guidance — and the linkages to an existing strategic planning process it requires — can substantially change how they manage their business, create operational efficiencies and even boost profitability.
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Warren W. Stippich
Warren is the National Governance, Risk and Compliance Solution Leader and the Market Leader of the Chicago Business Advisory Services Group at Grant Thornton LLP. He has over 20 years experience working with multi-national, entrepreneurial, and high-growth public companies, including boards of directors and audit committees. Warren brings experience to the business risk consulting and internal audit services areas from both the public accounting firm and industry perspectives. He leads many Sarbanes-Oxley consulting, internal audit services and SAS 70 projects for a wide-array of publicly traded and private businesses with international operations. He has worked extensively with international internal audit, Sarbanes-Oxley and business consulting assignments in Europe, Russia, China, Southeast Asia, Central and South America and Canada. He has lectured on governance, risk and compliance.
Experience
Warren began his career with Arthur Andersen in the external audit practice and later in the internal audit services practice. Later, he joined DEKALB Genetics Corporation, a $500 million multi-national public company, as the Vice President of Internal Audit and Worldwide Consulting. Subsequent to DEKALB, Warren was a Managing Director at American Express Tax and Business Services and a Partner in the related attest entity of Altschuler, Melvoin & Glasser LLP and worked in the attest and business consulting areas.
Professional certifications
- Certified Public Accountant (Illinois)
- Certified Internal Auditor
Memberships
- American Institute of Certified Public Accountants; Illinois CPA Society
- Institute of Internal Auditors
- Board Member and Audit Committee Chair of Gateway Foundation, Inc., Chicago, IL
- Advisory Board Member of CIBER (Center for International Business Education & Research) at University of Illinois at Urbana-Champaign
- Board Member of the College of Business Alumni Association of the University of Illinois at Urbana-Champaign
Education
Bachelor of Science in Accountancy -University of Illinois at Urbana – Champaign.
Warren writes a regular column, Internal Audit Revolution, for CCI.
Though it won't take effect until early in 2017, the time is now for audit committees to start adopting the new accounting regulations. Let's not think that audit committees need to go at implementation alone, however. Warren Stippich advises a cross-functional approach involving players throughout the organization. Here's what you need to know...
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Rather than make balance between compliance and all other priorities the goal, aim for achieving the greatest value out of testing so that all risks are identified. This means maximizing the efficiency of your internal audit function - time to talent. What follows are several suggestions for getting the most out of your existing program.
Read moreAs we hear about some of the biggest security breaches in retail history, it seems like good timing that the Payment Card Industry Data Security Standard (PCI DSS) has been updated.
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It is often said that being on an audit committee is a part-time job with full-time responsibilities. It’s no wonder when you consider the broad and critical role that the audit committee plays. In essence, every audit committee’s role is to stand objectively in the gap between management, the external auditors and the people who provide the capital to make it all...
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