ERIC M. FAIR CISA, CDPSE, CBCLA

Eric is a Shareholder in the Risk Advisory Services practice at Schneider Downs. He joined Schneider Downs in 2011 and has more than 10 years of experience providing IT internal audit and risk advisory co-sourcing and outsourcing consulting services across various industries, including more than five years of experience leading, managing and mentoring a team of IT audit, security and risk professionals to successfully serve our clients. Eric is responsible for leading the engagement team to coordinate, conduct and review engagement deliverables, as well as ensuring effective communications to provide continued value to clients.

Eric brings significant experience in guiding clients and internal teams through efficient and successful IT audit projects, SOC 1 examinations, SOC 2 examinations, SOC 2 + examinations, as well as business continuity, business impact analysis, disaster recovery, crisis management and emergency preparedness, SOX, network security and cybersecurity frameworks (NIST 800-53 and 800-171), data privacy (GDPR, CCPA), IT general controls, risk assessments, FISMA, PCI-DSS, and vendor risk management.

Eric is one of only 83 active Certified Business Continuity Lead Auditors (CBCLA) globally, as recognized by DRI International. This designation encompasses the ability to audit, consult and assess business impact and continuity, disaster recovery, emergency preparedness, crisis response and overall organizational resiliency.

Prior to joining Schneider Downs, Eric served in system and network administrator roles, over a span of seven years, supporting, managing and leading IT initiatives to develop and support ongoing Casino operations.

Education

M.S.—Internet Information Systems, Robert Morris University
M.S.—Accounting, Liberty University
B.S.—Information Systems Management, Robert Morris University

Professional and Community Involvement

Board Member—Robert Morris University Accounting Advisory Board
Co-Chair—IAPP KnowledgeNet Pittsburgh Chapter (2021-2023)
Director of Career & Educational Outreach—ISACA Pittsburgh Chapter (2017-2020)
Member—The Institute of Internal Auditors (IIA) Pittsburgh Chapter
Member— DRI International, Inc.
Member—FAIR Institute and local Pittsburgh Chapter
Member—Three Rivers Contingency Planning Association (TRCPA)
Member—InfraGard Pittsburgh Chapter

SHARE

Do you have a hobby/personal passion?   
My family

What was the best advice you’ve ever received?   
Never stop learning

What was your childhood dream?  
To be like Mike (Michael Jordan, that is)

If you could go back in time, what advice would you give your college self? 
Foster new relationships and continuously build upon existing relationships

People would be surprised to know that I…  
Met “Dickie V” (Dick Vitale for those non- college basketball fans)

What is the best or most interesting thing about your career?    
I pivoted in my career after 7 years in the Casino industry as an IT Administrator

Do you have a “motto”? (spoken or unspoken)  
Get comfortable with the uncomfortable

When you have an hour of free time, what do you like to do?    
Unwind with a cigar, a book, music, or Netflix

Do you have advice for young professionals?  
Continuously challenge yourself and those around you

Our Thoughts On

FEATURED

Big Problem: Large Tax Burden In The Succession Plans Of A Family Business.


Big Thinking: Creating A Grantor Trust To Save $1.5 Million.

GREG ALLISON is responsible for estate and succession planning for business owners, executives and high-net-worth individuals. He also prepares annual income tax returns for estates and trusts in addition to gift tax returns, federal estate tax returns and state inheritance tax returns.
One of Greg’s clients was a father wanting to retire and give his son 100% ownership of their company. Giving his 80% share in the company would result in a $1.5 million tax due on redemption. Greg’s team was able to avoid the $1.5 million tax and introduce asset protection by having the father creator a grantor trust instead. “By creating a grantor trust, the father was able to sell his shares under the same terms as redemption but save money since no gain is recognized on the sale,” said Greg. “We were also able to integrate asset protection into the structure and procure the recurring tax and attest services.” Schneider Downs provides Big Thinking and Personal focus in delivering a variety of services for large and small businesses, both publicly and privately held, as well as nonprofit organizations, government entities and more. Through our commitment to thought leadership and knowledge management, we deliver the solutions our clients need with a personal commitment to service.

Have a question? Ask us!

We’d love to hear from you. Drop us a note, and we’ll respond to you as quickly as possible.