Derek Hilst, CPA

Senior Manager
Audit & Assurance

Derek is a Senior Manager in Wegner CPAs’ Assurance Department and leads the Rock County area office. He has over twelve years’ experience providing accounting, auditing and not-for-profit advisory services to clients throughout Wisconsin and Northern Illinois. Derek annually attends continuing professional education seminars on accounting, auditing, compliance, and tax issues related to tax-exempt organizations. Derek came to Wegner CPAs in 2009 with seven years of experience in income tax preparation and business consulting.

  • Experienced in financial audits of many different types of organizations
  • Experienced in compliance audits, including Uniform Guidance, Government Auditing Standards, and various requirements of Wisconsin and Illinois State Departments.
  • Tax-exempt financial and compliance auditing niche
  • Wrote various Timely Topic articles for clients
  • Articles published in WSAE publication, Vantage Point
  • Licensed Certified Public Accountant (CPA) in Wisconsin and Illinois
  • Member, Wisconsin Institute of Certified Public Accountants (WICPA)
  • Board Treasurer and Audit Committee Chair, Nutrition and Health Associates (Rock County Wisconsin WIC Program)
  • Member of the Janesville Morning Rotary Club
  • Bachelor of Science, Accountancy Major; Upper Iowa University

Just for Fun

When not at work, Derek loves spending time with his family and friends. He also loves watching hockey and baseball games.

derek hilst

Authored Content

The Schedule of Expenditures of Federal Awards (SEFA) Overview

01/15/25

The Uniform Grant Guidance (UGG) states that an organization expending $750,000 or more in Federal awards during its fiscal year must have a federal single audit conducted. (The threshold increased to $1 million for…