Russell A. Hissom

Russell A. Hissom

Partner, CPA, CIA, CISA, CRMA · +1 (608) 240 2361

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Russell Hissom, partner on the energy and utilities team, has been with Baker Tilly Virchow Krause, LLP since 1983. He has extensive experience with contract compliance audits under jointly owned electric generation contracts, overhead cost allocation studies, enterprise risk management implementation projects, benchmarking studies, work order asset management implementation projects, construction cost reviews, management audits, financial and compliance audits of electric utilities. Russ also specializes in enterprise risk advisory and internal audit services, software selection and implementation projects, business process and controls reviews, operational reviews and scorecard and metrics reporting. He provides specialized risk management, operational and financial training courses for utilities and public sector organizations.

  • Performs management audits that analyze key business processes of utility operations to determine and recommend greater efficiencies
  • Performs benchmarking analyses, overhead cost allocation studies and utility financial performance projects
  • Assists public sector organizations in developing benchmark and scorecard reporting
  • Performs enterprise risk management implementation projects
  • Provides internal audit and enterprise risk advisory services
  • Provides internal audit and enterprise risk advisory services
  • Evaluates energy procurement and trading practices and recommends policy and process improvements
  • Develops internal controls reviews under the COSO internal control framework
  • Serves as partner-in-charge of financial audits for electric, water, wastewater, gas and communications utilities as well as public sector enterprise funds (electric, water, wastewater, gas and communications)
  • Serves as partner-in-charge of financial audits for electric, water, wastewater, gas and communications utilities as well as public sector enterprise funds (electric, water, wastewater, gas and communications)
  • Analyzes revenue requirements and performs cost of service studies and rate design for electric, water, wastewater, gas and communications utilities
  • Serves as an expert witness before regulatory bodies in utility rate proceedings
  • Performs work order asset management and FERC/NARUC accounting implementation projects
  • Performs specialized training for utilities in the areas of enterprise risk management programs, work order asset management systems, internal audit programs and accounting standards implementation
  • Authors numerous articles related to the utility industry
  • National speaker for the energy industry on enterprise risk management, work order business process improvements, business process reviews and industry accounting topics
  • American Institute of Certified Public Accountants (AICPA)
  • American Public Power Association (APPA)
  • Institute of Internal Auditors
  • Illinois Municipal Utilities Association
  • ISACA (formerly Information Systems Audit and Control Association)
  • Sustainability Accounting Standards Board Energy Standards Group
  • Other national and state public sector and utility organizations

Location

Wisconsin

Education

University of Wisconsin ‒ Milwaukee
Bachelor of Business Administration in accounting

Expertise