TIMOTHY M. WOLFGANG

Tim has been part of Schneider Downs’ Risk Advisory Services practice since 2015, bringing deep experience in audit, compliance, cybersecurity and information technology risk management. He takes a collaborative, client-focused approach to helping organizations navigate complex technology, regulatory and operational challenges.

Tim is responsible for leading the firm’s PCI compliance services practice and plays a significant role in the SOC reporting, Sarbanes-Oxley, HITRUST and cybersecurity service lines. Over his career, he has worked with public and private clients across a variety of industries, including technology, financial services, retail, healthcare and utilities. He has experience auditing Microsoft, Linux, SQL and Oracle platforms and is a leader in the firm’s cloud infrastructure and security practice, including Amazon Web Services, Microsoft Azure and Google Cloud Platform. He is regularly sought out for his expertise and practical guidance on effectively managing and mitigating risk.

Tim is committed to staying current on emerging technologies, security trends and industry standards and actively educates team members and clients on leading practices. He is an exceptional mentor to the IT Risk Advisory Services team and consistently builds strong, trusted relationships with his clients.

Prior to joining Schneider Downs, Tim spent 10 years in the financial services industry in a variety of risk, compliance and audit roles focused on OCC, Basel and Federal Reserve regulatory requirements.

Professional Licenses & Designations

Certified Information Systems Auditor (CISA), ISACA

Certified Information Systems Security Professional (CISSP), ISC2

Qualified Security Assessor (QSA), PCI Council

Education

B.A. in Economics, Marietta College

Memberships and Associations

Member, ISACA, Pittsburgh Chapter

Member, Institute of Internal Auditors, Pittsburgh Chapter

Member, InfraGard Pittsburgh

Member, AICPA’s SOC Review Enhanced Oversight Committee

Board Member, Elizabeth Forward Swim Club

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Do you have a hobby/personal passion?   

Traveling to new places with my wife and boys.

What was the best advice you’ve ever received?   

Take care of your people and teach them to take your job, you can’t progress without someone to replace you.

Who is your role model?  

My parents, they taught me hard work, sacrifice, patience.  All traits I try to follow every day.

What was your childhood dream? 

Professional big wave surfer

If you could go back in time, what advice would you give your college self?   

Learn another language.

People would be surprised to know that I… 

I am a superstitious person.

What is the best or most interesting thing about your career?    

My firstl job as an auditor was traveling around to auto dealers to check the cars in inventory for floorplan loan collateral audits, we did them year round in all weather.  You need to use a pencil because a pen will freeze in the winter and it is possible to wear out an ice scraper if you clear ice off enough windshields.

What was your first job?    

Cook at McDonalds

Do you have a “motto”? (spoken or unspoken) 

Stick to the plan

When you have an hour of free time, what do you like to do?  

A random home improvement project from my to do list.

Do you have advice for young professionals?  

Seek out work that is difficult or outside your comfort zone,  you need to challenge yourself to drive real growth.  Always look for ways to improve your skillsets, your career will change and evolve over time and it is important that you are adaptable.

Our Thoughts On

FEATURED

Big Problem: Emerging Technology Client Unaware Of Sales Tax Requirements Upon Exit


Big Thinking: Perform Multi-jurisdictional Tax Exposure Analysis To Ensure Compliance

Shareholder TREVOR WARREN joined Schneider Downs in 2001 and has more than 20 years of experience in public accounting. He mainly focuses on audit, review and compilation engagements, and he services a diversified number of industries, from automotive to nonprofit. He also leads the firm’s Emerging Technology Services Group.
When one of the firm’s emerging technology clients was making plans to sell their business, Trevor and his team noticed that they were unaware of sales tax filing requirements. Knowing from experience how complex such requirements can be for emerging technology companies who sell products across multiple taxing jurisdictions, Trevor and his team understood that this missing piece would pose issues during due diligence and could negatively impact the client’s sale. To help ensure that the sale went smoothly, Trevor and his team suggested that the Schneider Downs state and local tax group perform a sales tax nexus study on the company. The group performed an analysis on both the client’s material revenue streams and the sales tax reporting requirements in the jurisdictions where they had customers. Then, Trevor and his team used that information to estimate the client’s total tax exposure, pinpoint the jurisdictions with significant exposure and help draft Voluntary Disclosure Agreements in those the jurisdictions. “We know that these requirements can be hard on early-stage companies when they have limited staff and revenue generation is a primary focus,” said Trevor. “By doing this analysis and going through the voluntary disclosure agreement process, we were able to get the company compliant with their sales tax filing requirements at a significantly reduced cost.” In addition, this process eliminated tax issues and exposure for the company upon exit. 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.

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