Image of Krista K. Pankop

Krista K. Pankop

Partner, CPA
414 777 5355

Krista Pankop, Partner with Baker Tilly Virchow Krause, LLP, has been with the firm since 1995. She serves as the Wisconsin and Illinois healthcare practice leader and co-leader of the Wisconsin not-for-profit practice. She is also one of our firm assurance quality leaders. Krista specializes in numerous not-for-profit industries including, but not limited to, healthcare, senior living, voluntary health and welfare organizations, associations, religious orders and their ministries, and behavioral health. Krista has extensive experience with compliance auditing including Uniform Guidance and the U.S. Department of Housing and Urban Development.

Experience

  • Serves as Wisconsin and Illinois healthcare practice leader and audit partner
  • Partner in-charge of numerous behavioral health, senior living and other assisted living facilities experienced in the valuation methodologies of patient receivables and government funding
  • Serves as assurance quality leader for Baker Tilly’s not-for-profit industry practice
  • Ensures quality through providing internal trainings, consultations with other partners on technical matters, concurring reviews and oversees internal inspection of not-for-profit engagements
  • Serves as partner-in-charge on numerous not-for-profit audit engagements including compliance auditing
  • Deep understanding of contributions including donor restrictions, classifications of net assets, government grants and their compliance requirements, membership organizations, associations and foundations including endowments
  • Audits numerous religious orders and their ministries
  • Proficient in auditing investments, patrimony funds, consolidations of sponsored ministries and internal control assessments
  • Specializes in audits conducted in compliance with OMB Circular A-133, the HUD Consolidated Audit Guide 2000.04, and the Wisconsin State Single Audit Guidelines
  • Participates in firm recruiting and plans and conducts internal staff technical training
  • Previous experience performing audits, reviews, and compilations for municipalities, banks, commercial entities, and school districts
  • Assists with compliance issue resolution, working with federal, state and county departments
  • Extensive consolidation experience including for-profit subsidiaries

Involvement

  • American Institute of Certified Public Accountants (AICPA)
  • Wisconsin Institute of Certified Public Accountants (WICPA)
  • Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee Resource Group
  • Healthcare Financial Management Association (HFMA) Wisconsin Chapter: WI HFMA Women in Healthcare conference, November 2016, 2016 Mega Conference
  • Board member for Clement Manor 2016 – 2018
  • Executive Women’s Golf Association–Milwaukee Chapter (Nomination Committee, 2013; Treasurer, 2009-2011)
  • Bottomless Closet - Past Board Member, helped educate and cloth underprivileged individuals for interviews
  • Speaker at Resource Center for Religious Institutes: 2012-2016
  • Past presenter at WICPA NFP conference
  • Authored publications for WICPA and for internal NFP training

Education

University of Wisconsin - Whitewater
Bachelor of Business Administration in accounting

Continuing Education

  • AICPA Not-for-Profit Industry Conference
  • WICPA Not for Profit Conference
  • Independence Historical Insights and Today’s Rules
  • Not-for-Profit Audit Training
  • Performance Counselor Training - Milwaukee
  • Compliance Refresher
  • Assurance Risk Webinar
  • Inspection Training
  • Accounting and Assurance Quarterly Updates
  • What Auditors Need to Know About Computer Facilitated Frauds