Tim Carless Joins PwC Risk Assurance Practice as Partner

DETROIT, March 27 -- PricewaterhouseCoopers issued the following news release:

PwC US (http://www.pwc.com/us/en/index.jhtml) today announced that Tim Carless has joined the firm as a partner in the Risk Assurance practice where he will be based in Detroit and serve internal audit clients in the Financial Services industry. Prior to joining PwC, Carless was Vice President of Corporate Audit and Business Process Manag ement of TD Auto Finance where he established the internal audit department and business practices office upon its separation from DaimlerChrysler, and worked to develop many of the corporate governance processes, such as the Audit Committee and Board interactions.

"The addition of Tim to our Risk Assurance practice demonstrates our ongoing commitment to providing our clients with the best expertise and specialists to mitigate the growing risks in the marketplace," said Dean Simone (http://www.pwc.com/us/en/press-releases/2011/pwc-us-appoints-dean-simone.jhtml), leader of PwC's U.S. Risk Assurance practice. "Internal audit is the final line of defense against risk, and we are growing our practice to meet the increasing risk management needs of clients across a variety of industries. With Tim joining our team, we are in an even stronger position to help organizations in the financial services sector."

PwC's Risk Assurance practice, comprised of 1,900 professionals, provides companies with significant technical expertise as well as deep industry knowledge across all industries. Skilled team members assist companies on developing risk and compliance programs, audits and creating internal controls processes around business performance issues, IT systems as well as strategy and contingency planning.

"Tim brings extensive experience and knowledge to our team and with his strong relationships in the financial services industry, he will be a vital addition to our Detroit office," said Alan Conkle, Greater Michigan Risk Assurance Market Team Leader of PwC.

Tim was also responsible for internal audit of DaimlerChrysler AG's Manufacturing, Sales and Marketing, Finance and Controlling, Procurement and Supply, and Financial Services departments within the Americas Region for all its subsidiaries. In addition, he held a leadership role in the redesign of global audit standards and a risk-based planning approach for Corporate Audit. Carless also was the General Auditor for DaimlerChrysler Financial Services, overseeing a department of 30 auditors. Prior to joining the private sector, Carless was an Audit Partner at Ernst & Young in the Detroit market, serving the firm's financial services clients.

Carless is a CPA, licensed in the State of Michigan, and is a member of the Michigan Association of Certified Public Accountants, as well as the American Institute of Certified Public Accountants and the Institute of Internal Accountants. He earned his B.S. in Accounting from Oakland University in Rochester, Michigan, and is a Board Member & Treasurer for Community Legal Resources and an Audit Committee Member for the Children's Center of Wayne County.

"Joining PwC's Risk Assurance practice is a perfect fit for my background and their approach to helping clients anticipate and plan for risks positions the firm to provide the highest level of support to its clients. It is my pleasure to join PwC and look forward to working with such a talented team," said Carless.

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