Phillip Austin

Phillip Austin

National Managing Partner of Auditing

CPA, CA (SA)

BDO Chicago Office

312-730-1273

vCard

Executive Summary

Phillip Austin has over 27 years of public accounting experience, including client-facing service delivery, public policy, corporate governance, audit quality, and professional practice oversight.
 
For a significant portion of his career, Phillip has served in a client service partner role, providing audit and other attest services to a diverse mix of privately and publicly held clients. His experience includes auditing, internal controls over financial reporting (ICFR) attestation, International Financial Reporting Standards (IFRS) and US generally accepted accounting principles (GAAP) technical accounting advisory. He has substantial experience in establishing strategy and instituting transformation programs that change the way audits are delivered, and improving the experience for clients and professionals executing audits.
 
Currently, Phillip serves as BDO’s National Managing Partner of Auditing. In this role, he oversees how BDO performs public and private company audits and attestation services, including the technical support functions for the nonprofit Employee Benefit Plan (EPB) and System and Organization Controls (SOC) practices. Phillip focuses, among other things, on helping to refresh BDO’s audit strategy, leading the transformation of BDO’s approach to audit execution, and enhancing BDO’s approach to audit methodology consultations with the practice, further developing the reach and depth of BDO’s global and IFRS services, and leading the national audit team.   
 
Phillip currently chairs BDO’s Assurance Committee, which sets firm policy governing the delivery of audit and attestation services. He participates in developing and implementing the firm’s plan for improving audit quality and contributed to the firm’s annual Audit Quality Report.
 
Phillip has provided services to entities in a wide range of industries with a primary focus on financial services, technology services, manufacturing and mining.

Professional Affiliations

American Institute of Certified Public Accountants
Connecticut Society CPAs (CTCPA)
Illinois CPA Society (ICPAS)
South African Institute of Chartered Accountants

Education

B.Compt., Accounting Science (honors), University of South Africa

Community Involvement

Breaking Bread Ministry to the Homeless, Chicago
Young Lives, Chicago
Tocqueville Society – Order of Liberty, United Way of Metropolitan Chicago