Photo of Colin Wallace
Colin Wallace
Principal
CPA, CFF, CFE, CISA, CIA, CITP

Biography

Colin has provided management consulting and internal audit services to public, private, government, and not-for-profit organizations since 2002. He has organized and performed financial, operational, and compliance audits throughout the United States and abroad, and has worked on all aspects of the internal audit process including planning, analysis, reporting, and project management. Colin has led numerous fraud investigations involving misappropriation and misuse of company assets, the Foreign Corrupt Practices Act, and management override of internal controls. In addition, he has managed significant SOX 404 assessment projects from initial implementation to final reporting. Colin is an active member of the firm’s Technology, Communications and Media Group and is a leader of the firm’s forensic and investigative services team. He currently serves as the quality control practice leader for the Risk Advisory & Compliance (RAC) group.

External Publications

  • Forensic Accountants Target Silicon Valley Fraudsters, Emphasize Strong Controls (Silicon Valley Business Journal, February 2015)

Selected Speaking Engagements

  • Evolving Your Internal Controls
    (Toyota Leadership Sessions, Dallas, September 2018)
  • A Risk-Based Approach to Fraud Prevention
    (Toyota Leadership Sessions, Dallas, September 2018)
  • Using the No. 1 Fraud Detection and Prevention Method
    (Parker+Lynch Seminar, June 2018)
  • Segregation of Duties and the Modern ERP
    (Donnelley Financial Solutions and Audit Board Workshop, March 2018)
  • Internal Controls: Facts & Fiction
    (Dallas IIA Super Conference 2017, October 2017)
  • Strategies to Reduce Audit Fees
    (Workiva TEC Conference, Las Vegas, September 2017)
  • Leverage Data Analytics to Improve Performance
    (Parker+Lynch Seminar, June 2017)
  • Third Party Risk and the New SSAE 18
    (ISACA Sacramento, Chapter Meeting, March 2017)
  • SOC Reports: What They Are and What to Do With Them
    (October 2016)
  • COSO 2013: The Obvious Solution
    (Parker+Lynch Seminar, May 2016)

Professional Affiliations

  • Member, American Institute of Certified Public Accountants
  • Member, Institute of Internal Auditors
  • Member, Association of Certified Fraud Examiners
  • Member, Oregon Association of Certified Fraud Examiners

Education

  • BS, accounting, University of Wyoming
  • MS, accounting, University of Wyoming

Insights from Colin Wallace

Baker Tilly US, LLP, Baker Tilly Advisory Group, LP and Moss Adams LLP and their affiliated entities operate under an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations and professional standards. Baker Tilly Advisory Group, LP and its subsidiaries, and Baker Tilly US, LLP and its affiliated entities, trading as Baker Tilly, are members of the global network of Baker Tilly International Ltd., the members of which are separate and independent legal entities. Baker Tilly US, LLP and Moss Adams LLP are licensed CPA firms that provide assurance services to their clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and consulting services to their clients and are not licensed CPA firms. ISO certification services offered through Moss Adams Certifications LLC. Investment advisory offered through either Moss Adams Wealth Advisors LLC or Baker Tilly Wealth Management, LLC.