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

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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: High Tax Burden For Family-owned Franchisor.


Big Thinking: Comprehensive Planning For A 15% Tax Reduction.

A tax shareholder with more than 25 years of private and public accounting experience, CHRIS MCELROY joined Schneider Downs in 2017 and advises clients in diverse sectors, including consumer products and retail, healthcare, and manufacturing and distribution. Chris' team went to the aid of a family-owned retailer/franchisor that needed to reduce its tax burden to better align with the long-term vision for the business. Schneider Downs' shareholder-led service model positioned the team to have a sophisticated understanding of the client's objectives and leverage opportunities afforded by the Tax Cuts and Jobs Act. "We helped the client implement a structure to get requisite cash flows to the owners while taking advantage of favorable corporate tax rates, non-U.S. tax planning, and other tax provisions such as QBI and FDII,” said McElroy. “We were able to reduce their overall annual global tax burden by nearly 15% as a result." 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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