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MICHAEL MACHESNEY, CPA, MBA

703.537.0175 (H) Fairfax, Virginia 22033 920.445.1975 (C) mernestm@aol.com

AUDIT LEADERSHIP POSITION


Analytical and detail-driven professional with more than 20 years of success planning and directing internal audits and enterprise risk management initiatives for national and global leaders in hospitality, oil & gas, energy, retail, and consumer products. Visionary strategist and outside the box thinker, with talent for driving positive organizational change - controlling costs, overhauling systems, and strengthening internal controls. Routinely commended for delivering best-in-class audit solutions that effectively mitigate loss and liability while achieving 100% regulatory compliance. Adept at identifying and resolving complex regulatory issues with exceptional capabilities in research and calculation of possible risk factors while efficiently determining appropriate courses of action. Build and motivate talented teams, continuously providing members with the training, support, resources, and guidance to exceed organizational objectives. Internal Audit Planning, Management, Reporting Budget Management Staff Recruitment & Training Contractor Audits SOX Compliance Enterprise Risk Management Process Improvement Strategic Planning Vendor Management IT Audits Risk Assessment Business Process Analysis Risk Based Auditing Internal Control Design/Implementation Outsourcing Fraud Risk Assessment Special Investigations Cash Defalcations Loss Prevention Practices

PROFESSIONAL EXPERIENCE
GUEST SERVICES, Fairfax, Virginia 2007-2013 Leading U.S. provider of hospitality management services, providing high quality food, lodging and leisure services for 25 million+ guests annually at 150 facilities nationwide. Audit Director Recruited to define, deploy, and direct risk-based audit framework, serving as critical advisor and contributor to executive leadership team and Audit Committee. Mentored, coached, and trained 3 team members. Evaluated enterprise-wide operations and client contracts, ensuring compliance with corporate and government regulations, and product pricing agreements. Approved and summarized audit results and recommendations for senior management, devising strategies and action plans to address findings, mitigate risks, and improve efficiency. Developed and delivered broad-based staff training to improve morale, productivity, and performance. Selected Achievements: Credited with pioneering and directing companys 1st enterprise-wide risk assessment; identified and communicated strategic risks and recommendations to Board. Developed annual audit plan and triggered positive organizational change including establishment of new training department and institution of new policies and procedures governing workforce communications and compliance. Prioritized and expedited operational audits by introducing risk based rating system for 150+ units across the U.S. Spearheaded 1st cultural survey to evaluate control environment, based upon COSO control framework. Overhauled and updated Audit Committee and Internal Audit Department Charters in alignment with regulatory requirements and best practices. Generated $100,000 savings in fuel taxes by enhancing documentation and reporting processes. Noted for elevating accuracy and accountability of vendor rebates totaling more than $1 million.

Resume

MICHAEL MACHESNEY, CPA, MBA

Page 2

mernestm@aol.com

GUEST SERVICES, Selected Achievements Continued: Led successful implementation of employee hotline administered by 3rd party provider; performed vendor research and selection, managed implementation processes, and organized Ethics Committee. Identified need and drafted new bilingual Code of Conduct, well-received among managers and employees as comprehensive, understandable, and user friendly. Championed and steered initiative to outsource companys 1st IT audits, leading to significant improvements in data and information security. INTEGRYS ENERGY GROUP, Green Bay, Wisconsin 2001-2007 $7 billion energy/utility company located throughout the Northeastern U.S. Audit Director: Held chief leadership and management accountability of corporate risk assessment and audit operations. Presided over departmental budgeting, projects, employee recruitment and training, risk assessments, special investigations, outsourcing and vendor relations. Introduced innovative risk-based audit strategies and ERM processes. Supervised and motivated team of 9 Auditors. Established culture of compliance and control to ensure SOX, NYSE, and SEC compliance. Developed action plans to remediate control deficiencies and implement efficiency improvements. Selected Achievements: Acknowledged for restructuring and re-focusing entire Audit function toward a risk-based methodology while tripling department size from 3 to 9 staff Auditors; successfully accommodated explosive corporate growth and rapidly changing business environment due to deregulation. Created, implemented and maintained strategies and best practices to strengthen internal controls and guarantee full compliance with SOX regulations. Successfully passed Section 302 and 404 requirements with no significant deficiencies. Spearheaded and launched ERM initiative aimed at quickly and cost-efficiently identifying, prioritizing, mitigating, and tracking organizational risks; produced risk-based audit plan and delivered quarterly updates to Audit Committee. Tapped to analyze control procedures and oversee contractor audits for high profile $750 million power plant construction project. Championed and won support for implementation of Ethics Hotline. Drove transformation of internal audit and risk functions from strictly compliance to value-added risk management. Strengthened and implemented internal controls, risk based disciplines, and ERM methodologies; ensuring continuous compliance with GAAP, SOX, and corporate regulations. EARLIER CAREER HISTORY: Audit Director CompUSA (1997-2000): Established and directed companys 1st Internal Audit Department; recruited and supervised 5 Auditors. Managed controls consulting for award-winning SAP implementation project completed in record time. Administered and expanded ISO Program. Audit Manager Staples (1995-1997): Coordinated 16 team members and enterprise-wide risk assessments, strategic planning, budgeting, and staff recruitment/training. Audit Manager Ocean Spray Cranberries / Associate Auditor Exxon Company (Prior to 1995) EDUCATION & CREDENTIALS Master of Business Administration, Texas A&M, College Station, Texas Bachelor of Science, Accounting, Boston College, Chestnut Hill, Massachusetts Certified Public Accountant AFFILIATIONS:Texas Society of CPAs Institute of Internal Auditors (Served as Treasurer, President, & Volunteer QAR Auditor)

Resume

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