Somich brings more than 40 years of internal audit and risk management experience to the firm’s higher education and healthcare advisory practices.
WASHINGTON, D.C. (July 28, 2016) – Leading accounting and advisory firm Baker Tilly Virchow Krause, LLP (Baker Tilly) welcomes Michael L. Somich, Duke University and Health System’s former executive director of the Office of Audit, Risk and Compliance, to the firm’s advisory practice.
“Mike’s leadership experience in transforming Duke’s internal audit function into a valued strategic partner and effectively integrating risk and compliance management into senior leaders’ critical daily decision making further strengthens Baker Tilly’s ability to bring innovative and impactful solutions to our higher education and healthcare clients,” Raina Rose Tagle, Baker Tilly’s higher education advisory services leader, said.
Somich served in the Office of Audit, Risk and Compliance for almost 12 years, reporting to the three chairs of the board committees focused on internal audit, risk and compliance at Duke University, Duke University Health System, and DUMAC, Inc. During his time at Duke, Somich established an integrated compliance and risk management governance approach and framework, and advised leaders on critical risk issues and responses.
“The perspective Mike has gained while serving as a key advisor to leaders of a prestigious and complex research institution will help our clients to navigate the complexities they face on a daily basis,” Rose Tagle added.
A frequent public speaker and industry luminary, Somich has served as a guest presenter for the Association of Academic Health Centers Chief Compliance Officers, Association of College and University Auditors, the National Council of University Research Administrators, the Higher Education Compliance Conference of the Society of Corporate Compliance and Ethics, the Association of Governing Boards of Universities and Colleges Trusteeship Conference, the University Risk Management and Insurance Association, the National Association of College and University Business Officers, the Institute of Internal Auditors and the American Accounting Association. He is a designated Association of College and University Auditors faculty member and has served as a member or leader of nine Quality Assessment Review teams for peer research institutions’ internal audit functions.
“I am excited to join Baker Tilly and have the opportunity to work for a premier higher education and healthcare consulting practice where I can make an impact on risk and compliance programs,” Somich said. “It will be my greatest pleasure to share what I have learned to benefit Baker Tilly clients.”
About Baker Tilly Virchow Krause, LLP (bakertilly.com)
Baker Tilly Virchow Krause, LLP (Baker Tilly) is a nationally recognized, full-service accounting and advisory firm whose specialized professionals connect with clients and their businesses through refreshing candor and clear industry insight. With approximately 2,700 employees across the United States, Baker Tilly is ranked as one of the 15 largest accounting and advisory firms in the country. Headquartered in Chicago, Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 141 countries, with 28,000 professionals. The combined worldwide revenue of independent member firms is $3.8 billion.