We value our long-term relationships and pride ourselves on fresh ideas, proactive advice and practical solutions.

Thomas R. Strause, CIA, CFE, CBA, CFSA, CISA, CICA serves as a Partner of Herbein Risk Management, a division of Herbein + Company, Inc. Tom is a founding member of FOS which was acquired by Herbein + Company, Inc. in 2013. Herbein Risk Management is focused on providing internal audit and other compliance services to banks and financial institutions.

Tom has over 30 years of experience in the financial institution industry, spending 100% of his time providing services to financial institutions.  His professional background includes experience with management and administration, strategic planning, financial analysis, asset management, systems and automation, financial services, business development, process improvement, profit generation, cost reduction, policy formulation, and project management from an internal audit perspective.

Previously, Tom held various internal audit positions at Sovereign Bank, Summit Bancorporation, and York Financial Corp. and, as a result, has a solid background in compliance auditing skills, development of audit procedures for all bank functions, and the implementation of both FDICIA and Sarbanes Oxley audit requirements.

Tom is a recognized speaker on internal audit and compliance topics for the Pennsylvania Association of Community Bankers, Institute of Internal Auditors, and other financial institutions. In addition, he has provided training in various compliance areas for community banks.

Herbein Risk Management is a division of Herbein + Company, Inc., formed in 2013 when Financial Outsourcing Solutions (FOS) joined Herbein.

Focused On

  • Banking and Financial Institutions
  • Accounting & Audit

Education & Certifications

  • Albright College – Bachelor of Arts degree in Accounting
  • St. Joseph’s University – Masters in Business Administration (MBA)
  • Certified Internal Auditor (CIA)
  • Certified Fraud Examiner (CFE)
  • Certified Bank Auditor (CBA)
  • Certified Financial Services Auditor (CFSA)
  • Certified Information Systems Auditor (CISA)


  • Association of Certified Fraud Examiners – Member
  • Information Systems Audit and Control Association – Member
  • Institute of Internal Auditors – Member, Past President, Past Vice President, Past Board Member