TONY P. IELASE CISA

Tony has over 30 years of experience providing internal audit, SOX compliance, enterprise risk management and strategic reviews of internal audit and compliance functions for various industries, including utilities, retail, manufacturing, higher education, healthcare, financial services, technology and aerospace and defense.

Prior to joining Schneider Downs, Tony was a director at a National Big 4 firm for 15 years where he helped lead their risk consulting practice in the Columbus and Pittsburgh markets. He has significant experience managing large scale SOX 404 readiness engagements, focusing on both financial and IT-related control activities. These projects included SOX IPO program readiness and implementation, acquisition integration, material weakness remediation support, SOX program optimization and providing PMO and oversight of SOX program execution.

Tony also has significant experience helping companies successfully transition from an in-house model to an outsourcing model. He currently serves as the Chief Audit Executive (CAE) at a publicly traded online higher education technology company, overseeing the company’s ERM program from an outsourced model perspective. Additionally, Tony served as an interim CAE for a multi-national public organization where he turned around an underperforming internal audit function and managed the function’s risk assessment, audit plan development and execution, IIA Standards assessment and remediation, quality assurance, as well as Audit Committee reporting and SOX compliance.

Professional and Community Involvement

SHARE

Do you have a hobby/personal passion?
Golf and pugs.

What was the best advice you’ve ever received?
If you want to make a million dollars, work a million hours.

Who is your role model?
My father.

What was your childhood dream?
To be an artist.

If you could go back in time, what advice would you give to your college self?
Don’t stress out.  If you work hard everything will work out

People would be surprised to know that I…
…was an Art major my freshman year in college.

What is the best or most interesting thing about your career?
I get to meet and work with some of the brightest minds in the business community.

What was your first job?
Kirby sweeper salesman (true).

Do you have a “motto”? (spoken or unspoken)
“Don’t worry if the horse is blind- just start loading the wagon”

When you have an hour of free time, what do you like to do?
Spend time with my daughter Madison and walk the pug.

Do you have advice for young professionals?
Don’t be afraid of making mistakes.  Learn from them.  And if you’re not making mistakes, you’re probably not challenging yourself enough.

Our Thoughts On

FEATURED

Big Problem: A Not-for-profit Client Out Of 401(k) Compliance.


Big Thinking: Allowing More Contributions By Highly Paid Employees.

Shareholder JASON LUMPKIN serves as a Practice Unit Leader for SDAdvantage Retirement Solutions. He has more than 17 years of qualified retirement plan experience, primarily serving middle market, closely held businesses. His background includes plan design, documentation reporting, participant education, and ongoing administration for defined contribution plans, including employee stock ownership plans.
While working with one of our non profit clients, Jason’s team discovered that the organization was failing non-discrimination testing due to poor 401(k) participation among its employees. To address the issue, we recommended the implementation of a second retirement plan, a 403(b) plan, that would cover only the highly paid employees, allowing them to contribute the maximum amounts without concern for the limits imposed by the 401(k) plan’s non-discrimination testing. “These top employees were no longer constrained by the limits of the 401(k) plan testing results,” Jason said. “Plus, the organization no longer had to be concerned about the non-discrimination test. We also avoided implementing a “safe harbor” design in the 401(k) plan, which can result in costly employer contributions and vesting provisions that favor short-term employees.” 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.