Specktrum's President and Founder, Mark Speck, has a diverse and broad range of finance and business management experience. Most recently, he has focused on Internal and Forensic Auditing, including Fraud Investigations.
Mr. Speck has served as a Chief Financial Officer, Controller, Chief Auditor, and General Manager, as well as leader of audit departments, finance operations, sales groups, and business development teams, for four public telecom service based companies and a private advertising and marketing firm, over an 18 year span.
Whether public or private, large cap, mid cap or small cap, Mr. Speck has had experience building successful revenue producing and cost savings organizations. Most recently, Mr. Speck served LCC International, a leader in wireless engineering solutions, as its Vice President of Internal Audit establishing a strong internal audit function that provided the board of directors and management valuable business intelligence by way of operational audits of its key international locations. Mr. Speck was instrumental in significantly lowering LCC's audit and SOX costs while still being able to increase audit coverage by over 125%.
At Sprint-Nextel he was responsible for Sarbanes-Oxley compliance covering internal control design, testing, training and education for the Shared Services division which was responsible for over $40 Billion in annual disbursements. Most significantly, Mr. Speck implemented a continuous auditing program, using forensic methods of detection, while conducting continuous control monitoring to detect defects and help drive transactional excellence towards six sigma levels. By integrating this unique audit program as part of the internal control fabric, Mr. Speck ensured a return on investment that far exceeded the cost of Sarbanes-Oxley compliance.
In addition, Mr. Speck has relevant experience in fraud detection having personally detected incidents in various forms that includes balance sheet manipulations, Wall Street forecast reporting, sales misrepresentations, T&E spending, misappropriations and corporate card abuse in his salaried positions as well as in audit consulting capacities. He has led audit and due diligence engagements that have resulted in fraud detection impacting financial statement representations.
He enjoys sharing his methods and philosophies having created relevant audit and internal control related coursework, providing mandatory and elective seminars at Sprint and Nextel. He is currently working with the Knowledge Center, in Ashburn, Virginia on audit and fraud-based course offerings.