bill_pic

“Partnering With You To Achieve Results”

Professional Summary of:  William Hagerman

Education & Certification

  • BS Accounting - Penn State University
  • Certified Public Accountant

Area of Expertise

  • Internal Audit
  • Sarbanes-Oxley
  • Continuous Monitoring / Auditing
  • Risk Assessment
  • Project management/coordination
  • Accounting
  • Fraud investigation
  • Finance / Cost Control
  • Human resources / Payroll
  • Manufacturing / Inventory
  • Purchasing
  • Facility management

Industries

  • Semi-conductors
  • Manufacturing
  • Oil Field Services
  • Pharmaceuticals
  • Higher Education
  • Not-for Profit
  • Governmental
  • Real Estate Mgmt

William (Bill) Hagerman formed WH Solutions, Inc., in late 2008. The company specializes in internal audit, continuous monitoring / audit and risk management services.  He brings over 20 years of experience in the field of auditing from an internal and external perspective. He has hands-on experience in all facets of financial, operational and compliance auditing and is intimately familiar with Sarbanes-Oxley. He firmly believes in the IIA motto of “Growth through Sharing,” is on the forefront of technology and hopes to help others in better managing the risks of organizations through the use of technology and establishment of sustainable work plans. He currently oversees Mindspeed’s Internal Audit function.

Prior to starting WH Solutions, Inc., Bill served as the Executive Director of Internal Audit at Mindspeed Technologies in Newport Beach. He was hired in September 2003 to create an audit function for the newly created public company.  During this role, he established and executed the company’s Sarbanes-Oxley (SOX) readiness plan for each of the last four years. He was responsible for walking through all significant risk areas, identifying key controls to mitigate such risk, establishing a test plan to validate the effectiveness and efficiency of the controls, identifying and determining the status of any remediation plans and reporting all such information to the Audit Committee on at least a quarterly basis. During his tenure, Mindspeed did not have one material weakness. In fact, the company had only one significant deficiency (balance sheet reclass entry) in year one.  In addition, he coordinated interim and year-end activities with the external auditors and played a significant role in the company’s effort to reduce audit fees by challenging the external auditor’s risk assessment and work plan. Needless to say, Mindspeed received significant fee reductions as a result of his work.  Bill also quickly realized (after the first year of Sarbanes-Oxley) that he needed to embrace technology if he wanted to lead a world-class audit shop. He embarked on a selection process to find the software that would best fill the needs of Mindspeed’s audit shop. Rather than focusing on vendors that specialized in one silo, for example, segregation of duties or process documentation, he veered towards more of a one-stop shop that would address all of his needs. He found such a company (Reliant Solutions) in February 2006 and entered into a strategic partnership to develop, build and rollout the continuous monitoring tool at Mindspeed, and as of February 2009, the software is the central application that supports Mindspeed’s annual audit plan. Bill’s foresight to identify such unique software has resulted in significant cost savings in the audit process, thus allowing for additional audits to be performed outside the normal compliance and financial reporting arenas.

Previously, Bill has held a number of audit positions since starting his audit career at Deloitte & Touche. He worked as an internal audit manager at Conexant, project manager at Sunrise Medical, senior in-charge at Western Atlas, and an auditor at Schering-Plough.  All of these roles served to build the core foundation to eventually enable Bill to take the CAE role at Mindspeed. During these years, Bill was responsible for project management, audit execution, staff development, planning / budgeting and a variety of other activities that arise from time-to-time in an audit department.  In additional, Bill served as an interim assistant controller and materials manager at a French subsidiary for Sunrise Medical, where he supervised the accounting staff, led the development and implementation of the inventory control system and analyzed product costs and margin.  Finally, Bill is actively involved in the IIA and AICPA.