TONY P. IELASE CISA

Tony leads the firm’s Risk Advisory Services (RAS) practice for the Columbus market and has over 25 years of experience providing risk advisory and compliance services to a diversified number of retail, manufacturing, higher education, healthcare, technology, utilities and financial services clients.

His areas of expertise include internal audit strategic planning, internal audit co-sourcing, enterprise risk management, compliance assessments, fraud risk assessments, business process improvement and SOX program implementation and optimization, among others.

Professional and Community Involvement

He is a member of various Schneider Downs internal groups, including the higher education and retail industry groups as well as:

Member—Institute of Internal Auditors (IIA)

Member—Information Systems Audit and Control Association (ISACA)

Executive Committee Member—Association of Government Accountants (AGA)

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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: The Tax Implications Of Overseas Valuations.


Big Thinking: $1 Million In Tax Savings.

Shareholder MARY RICHTER has more than 20 years of public accounting experience since joining Schneider Downs in 2002. She has expertise with domestic and international tax planning, state tax nexus, tax credits, accounting for income taxes, and specific transaction planning and implementation.
One of Mary’s clients was reorganizing their overseas operating structure and wanted to move certain assets to different jurisdictions. The client had been purchased by a Private Equity group and called us about updating a valuation we had previously done for the business. In addition to working through the valuation questions, we were able to identify an opportunity to revise their restructuring plan to avoid taxation of a significant portion of the transactions. “By asking questions, having a strong understanding of their needs, and collaborating with the client, we were able to save them roughly $1 million in taxes,” Mary said. “Plus, our plan enabled them to generate future tax deductions overseas to offset the current cost of restructuring. We also saved them substantially on fees.” 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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