Michael Palumbo

About Michael Palumbo

Summary: Board-facing Chief Audit Executive with 20+ years of experience building and transforming global audit functions within public and private companies ranging from $150M to $6B+. Proven track record of modernizing SOX programs, leading enterprise risk assessments, reducing compliance costs, and repositioning Internal Audit as a strategic business partner. Trusted advisor to Audit Committees, CEOs, and CFOs across healthcare, technology, construction, and consumer products industries. Executive Highlights- Built and restructured Internal Audit functions in 5 organizations; Created initial SOX compliance program for 2 companies - Led global audit teams of up to 25 professionals and various co-sources with a focus on business partnering - Directed enterprise risk assessments presented to Audit Committees, Boards, and Executive Leadership teams - Reduced SOX testing effort and scope by 50–60% while strengthening control environments - Developed data analytics–driven continuous auditing programs - Conducted 100+ investigations uncovering $1.2M in fraud Areas of Expertise: Global Team Leadership - Enterprise Risk Management - SOX 404 - Corporate Governance - Audit Committee Reporting - Internal Controls - Fraud Investigations - Data Analytics - Compliance & Ethics - IPO Readiness - Process Transformation - Operational Audits - ERP Controls - GAAP & SEC Reporting -\"Big 4\" Experience

Experience

1. Vice President of Internal Audit (Cae)

   Masimo

   Nov 2019 — Present · Irvine, CA, US

   Leads the Global Internal Audit function, overseeing SOX 404, enterprise risk management, operational audits, investigations, and special projects.• Directs and develops an 8+ member global team; established performance metrics and continuous improvement framework.• Designs and executes annual risk-based audit strategy aligned with corporate objectives and regulatory requirements. • Collaborates with the Audit Committee, CEO/CFO, and executive/senior management to present control findings, risk assessments results, and progress updates, ensuring full alignment with corporate governance strategy and standards.• Participates in the 401K and Finance Culture Committees to help drive business decisions to benefit employees.Accomplishments:+ Implemented SOX compliance program for $1.2B acquisition spanning 5 global entities and 4 ERP systems within 12 months.+ Created data analytics-driven continuous auditing program improving risk identification and audit efficiency.+ Transformed Internal Audit from compliance-focused function into recognized strategic advisor to executive leadership.+ Enhanced external auditor reliance strategy, improving audit coordination and reducing duplication of effort.

Education

• Loyola Marymount University

  Bachelor of Science (BS), Accounting

  1990 — 1994

Skills

• Financial Statements
• Sarbanes-Oxley
• Us Gaap
• Sarbanes-Oxley Act
• Leadership
• Internal Audit
• Financial Audits
• Internal Controls
• Accounting
• External Audit
• Financial Analysis
• Budgeting
• Gaap
• Generally Accepted Accounting Principles (Gaap)
• Enterprise Risk Management
• Financial Reporting
• Variance Analysis
• Budgets
• Auditing