WAYNE E. LIPSKI, C.P.A.

2174 Hidden Valley Drive

Naperville, Illinois 60565
Home: (630) 428-2726
Cell: (630) 802-6741
wl6aa18c@westpost.net
PROFESSIONAL EXPERIENCE:
2003-2009 Huron Consulting Group, Inc. (Sales of $650 Million; Publicly Traded C
ompany)
Corporate Controller, Chief Accounting Officer and Assistant Treasurer (2009)
Corporate Controller and Assistant Treasurer - Corporate Officer Position (2003-
2009)
- Oversee 40 employees in a rapid growth environment - company revenues grew fro
m $100 million in 2003 to $650 million in 2009.
- Due to the rapid growth of the company, expanded the Controller Department fro
m 7 employees in 2003 to 40 employees in 2009, with low turnover.
- Responsible for all accounting related areas including GAAP/SEC accounting, ex
ternal reporting, revenue recognition, job set-up, billing, accounts receivable,
cash receipts and collection, payroll processing, accounts payable, all taxes (
U.S. and international income taxes, state and local taxes, payroll taxes), inte
rnal controls, accounting policies, internal financial statements, acquisition a
ccounting, employee expense audit and insurance.
- Reduced the monthly close process from 4 weeks in 2003 down to 7 days.
- Actively involved in the due diligence and the post-acquisition transition pro
cess for the company's 12 acquisitions which ranged from $1 million to over $200
million.
- Oversee the work provided to the external auditors, including account reconcil
iations, analytic write-ups, accounting position papers, Sarbanes-Oxley controls
support, tax calculations, etc. for the audits and reviews of the company's 10K
s and 10Qs.
- Coordinated work with the outsourced internal audit function, including Sarban
es-Oxley 404 testing, IT control testing and operational audits.
- Created and implemented tax planning strategies reducing the worldwide effecti
ve tax rate and increasing cash flows, assure worldwide tax compliance with exte
rnal tax advisors, decided all international transfer pricing issues, successful
ly concluded all Federal IRS and state revenue audits, and signed all tax return
s of the company.
- Successfully completed a Form S-1 Registration Statement filing with the SEC i
n May 2004 and an initial public stock offering in October 2004 - only 5 months
from S-1 to IPO. In order to prepare the S-1 filing, I needed to go back to the
start of the company in May 2002 and restate each of the quarter-end periods to
a full GAAP basis.
- Directed the preparation of all 10Ks, 10Qs and 8Ks from the time the company w
ent public in 2004 through 2009.
- Successfully implemented timely compliance with the required Sarbanes-Oxley in
ternal control regulations after going public.
- Continuously worked on controlling external costs (external audit fees, tax se
rvices, outsourced internal audit function, insurance premiums), saving multiple
$100k's each year.
- Addressed accounting issues with other departments and the operational managin
g directors to assure proper accounting recording of transactions and events.
- Oversaw the quarterly Disclosure Committee Meetings with top management from a
ll departments (finance, accounting, legal, human resources, and operations) in
order to assure properly prepared and fully disclosed quarterly and year-end fin
ancial statements.
- Actively participated and attended all Audit Committee Meetings by preparing t
he agendas, preparing information and presenting at the meetings.
2000-2003 Masuda, Funai, Eifert, & Mitchell, Ltd. (Law Firm)
Controller (Reporting Directly to the Policy Committee)
- Responsible for all finance and accounting related functions including budgeti
ng, billing, accounts receivable, accounts payable, cash management, taxes, fina
ncial analysis, and financial reporting.
- Supervise accounting staff of six people.
- Attend all Shareholders, Board of Directors, Policy Committee, Compensation Co
mmittee meetings.
1997-2000 Altheimer & Gray (International Law Firm)
Assistant Controller
- Responsible for consolidated budgeting, foreign operations, cash management, t
axes, financial analysis, financial reporting and the annual review by the exter
nal auditors.
- Division Controller for Altheimer & Gray's investment partnerships.
- Advise and assist the Altheimer & Gray Controller in other areas like payroll,
accounts payable, and accounts receivable.
WAYNE E. LIPSKI, C.P.A.
Page 2
1988-1996 G. D. Searle & Co. (Sales of $1.9 Billion; subsidiary of Monsanto)
Associate Director - Tax Planning/Analysis and Corporate Accounting Services (19
95 to 1996)
Associate Director - Tax Planning and Analysis (1993 to 1995)
Manager - Tax Accounting and Analysis (1988-1993)
- Directed the Corporate Accounting Services Department, which is responsible fo
r the corporate general ledgers.
- Prepared various analyses and reports for other departments, such as Accountin
g Research, Financial Analysis, Budget, Consolidations, Financial Control, Asset
Management, etc.
- Provided accounting guidance related to FASBs, EITFs, etc., including implemen
ting FAS 109.
- Pro-active accounting, financial analysis and tax saving strategy involvement
in major international transactions and ad hoc special projects.
- Responsible for the annual preparation of the worldwide consolidated Budget an
d Long Range Plan tax provisions.
- Directed all other aspects of the worldwide tax provision and balance sheet ta
x accounts, including the receipt of tax benefits related to a $300 million worl
dwide restructuring program.
- Went to Brazil, Mexico, Venezuela and Argentina to work on special non-tax pro
jects.
1982-1988 Household Manufacturing, Inc. (Sales of $1 Billion, Fortune 350 manuf
acturing company; subsidiary of Household International, Inc.)
Administrator of Accounting Research and Corporate Policy (1987-1988)
Senior Management Analyst (1985-1987)
Senior Financial Analyst (1982-1985)
- Responsible for developing, implementing, and monitoring worldwide accounting
policies.
- Recognized as the GAAP accounting expert at the company, being involved in LIF
O accounting issues, purchase accounting adjustments, inflation accounting, fore
ign currency translation issues, hyperinflationary economies, pension accounting
, etc.
- Involved on the pro-active Household International Inc. accounting research ta
sk force that analyzed the effect of implementing the Exposure Draft of FAS 96 "
Accounting for Income Taxes" and provided comments.
- Assisted the accounting department in preparing schedules for the external aud
itors, footnote disclosures, and adjustments for the quarterly 10-Qs and annual
10-Ks.
- Responsible for the accounting/finance functions for a new operation in Mexico
. Mexican Controller reported directly to me.
- Responsible for reviewing and consolidating worldwide Strategic Plans and Annu
al Operating Plans.
- Involved in numerous projects (acquisitions, divestitures, plant consolidation
s, capital expenditures, etc.).
1979-1982 Arthur Andersen & Co.
Senior Auditor (1981-1982)
- Responsible, as in-charge senior auditor reporting to Arthur Andersen managers
, on manufacturing, service, retail, restaurants, and not-for-profit clients.
- Acted as the Controller at Market Facts, Inc. (a public company) for a period
of time when the company corporate controller was ill.
EDUCATION:
Loyola University of Chicago - BBA, Accounting, Graduated Cum Laude, May 1979.
Certified Public Accountant - Elijah Watt Sells Certificate With High Distinctio
n winner on May 1979 CPA exam with an average score of 91%.
PROFESSIONAL ORGANIZATIONS:
American Institute of Certified Public Accountants
Illinois CPA Society