October Meeting
Thursday the 2nd
Cityplace Conference Center
Accounting and Audit
Meeting 12:00pm - 1:20pm
Registration begins at 11:30pm
Raytheon's Six Sigma Approach to Auditing
Yosief Ghirmai, Director Corporate Internal Audit
Daniel A. Samson CIA, MSF, Senior Manager
Raytheon
Company
Objectives of this topic:
- Gain an understanding of Six Sigma's history
- Learn how Six Sigma is employed at Raytheon
- Understand how Six Sigma has transformed Raytheon's Internal
Audit Organization
 Yosief Ghirmai is the Director of the West Region for the Corporate
Internal Audit organization of Raytheon Company. Raytheon is a
technology leader specializing in defense, homeland security and other
government markets throughout the world, with 2006 sales of $20.3
billion.
Yosief has over 18 years of experience in internal and external audit
work in the U.S. and International countries performing operational,
vendor, environmental, construction, joint interest auditing, fraud
examination, financial accounting and reporting and budgeting and
forecasting. He is multi-lingual with fluency in English, Italian and
Spanish. Yosief has worked for Public Accounting and Corporate Internal
Audit organizations at several Fortune 500 Companies including Alcatel,
Arthur Andersen, Repsol / Maxus Energy Corporation and Lutheran Medical
Hospital. His experience crosses many industries and domains, including
telecommunications, oil & gas, banking and manufacturing. Yosief has
played a significant role in the US and International arena in Asia
Pacific, Latin America, Europe, Middle East and Africa. Working for
multi cultural companies he has developed an understanding of how to
conduct business and communicate in a variety of cultures. His
experience includes directing, managing and performing operational,
financial, compliance, due diligence review, Sarbanes-Oxley audits and
special investigations and litigation support in highly complex and
sensitive areas.
Yosief holds a Bachelor’s degree in Business Administration, with an
accounting emphasis, from Saint Louis University and a MBA from the
University of Missouri. Yosief is a member of the Institute of Internal
Auditors, the Association of Certified Fraud Examiners, the Council of
Petroleum Accountants Societies; Technology & Communication Group, and
the National Association of Black Accounts, and is a Six Sigma
Specialist.
 Daniel Samson, CIA, MSF is a Senior Manager of Corporate Internal
Audit at Raytheon Company with responsibilities for the Company’s $2.5B
Intelligence & Information Systems and $3B Network Centric Systems
Businesses. In this role, he manages a team of 10 in Dallas
conducting risk assessments, audit projects, and providing consulting
services. Additionally, Dan is a Certified Six Sigma (R6S) Expert
charged with leading cross enterprise improvement efforts. His
International Offsets Planning for Growth project provided $33M in cost
avoidance for the Company.
Prior to joining Raytheon, Dan worked in the Audit Department at
NSTAR Electric & Gas Company in Boston, MA from June 2000 to July 2005
including leadership on the Sarbanes-Oxley Readiness Team. Dan also
previously held positions in Manufacturing and Financial Services in the
greater Boston area.
Additionally, Dan has held positions on several non-profit boards in the
Boston area including East Boston Main Streets and the Greater Boston
IIA; and has a history of leadership in workplace inclusion, education,
and community organizing.
He earned his bachelor’s degree in Economics from the University of
New Hampshire in 1996 and his master’s degree in Financial Economics
from Boston University in 2006. He is the winner of the 1996 National
Chicago Board of Trade Commodity Challenge Contest.
1 Hour Continuing Education
Make your Reservation On line!
NEW Dallas Chapter Program! Core Audit Skills Track (CAST)
The
Dallas IIA is launching an exciting new initiative that will focus
on critical skills necessary for all auditors to master and
comprehend in order to succeed in the practice of internal
auditing. Subject matter experts will present topics such as: the
professional standards, building the audit report, closing
conference strategies, audit evidence, etc. The program will
present a new topic every month as a separate track pre-meeting
lasting for approximately two years. Those who attend a majority of
the sessions will get special recognition.
Concurrent Pre-Meeting 10:30am - 11:30am - CAST
The Professional Practices Framework
What You Need to Know About Your Profession
Lori Rainwater, Southwest Airlines VP of Internal Audit
This session will provide an overview of the Professional
Practices Framework with particular emphasis on the differences
between audit as a public accountant, and audit as an internal
auditor. Lori will emphasize how to use the
Standards in your daily work to assist you in decision making, and
to drive quality continuously.
 Lori Rainwater is currently Vice-President of Internal Audit for
Southwest Airlines, The Leading Low-Fare Airline, and since August
2007 the largest domestic carrier in terms of passengers carried.
FORTUNE has listed Southwest Airlines as number among America's Top
Ten most admired corporations for the last twelve years.
Lori has nineteen years experience in internal audit, risk
consulting, and has worked as a Controller and Ethics Officer.
Prior to joining Southwest Airlines Lori held positions with Texas
Instruments, Lockheed Martin Corporation, Time Warner Telecom, Ernst &
Young, Arctic Slope Regional Corporation, and Deloitte & Touche.
Lori’s career as an internal auditor has taken her around the globe…from
Barrow, Alaska where there is total daylight and total darkness much of
the year, to Tembagupura, Papua, where there are spiders the size of
chihuahuas!
Lori received her BBA in Accounting from the University of Oklahoma
and is a Certified Internal Auditor, Certified Public Accountant and
Certified Fraud Examiner. She is an active member of the Institute
of Internal Auditors, having served at local, regional, and national
levels. Lori and her husband Glen live in Arlington, TX and have
two children, Madison, 10 and Brooks, 8. In her spare time she
enjoys downhill skiing and designing stained glass windows, but then who
has spare time with an 8 and 10 year old? She is lucky to have
time to shave her legs!
1 Hour Continuing Education
Make your Reservation On line!
Concurrent Pre-Meeting 10:30am - 11:30am
Fair Value Accounting
Greg Morris
Executive Director, E&Y Transaction Advisory Services
Mr. Morris will be discussing various aspects of SFAS 157, "Fair
Value Measurements". SFAS 157 is effective for companies that
have fiscal years beginning after November 15, 2007. Mr.
Morris will be discussing a variety of aspects of this pronouncement
including its objective, key issues, implementation, disclosure,
valuation, and best practices.
 Greg Morris is an Executive Directory and Market leader for Ernst &
Young LLP’s Valuation and Business Modeling practice in Dallas, Texas.
He focuses on valuation and financial advisory services within the
energy, chemicals & utilities sectors.
He has 24 years of experience in the field of corporate valuation,
including a role as Director of Mergers and Acquisitions at Nortel
Networks. His experience spans numerous industries where he has
been associated with the valuation of closely-held entities and their
underlying assets. Prior to joining Ernst & Young LLP he held a
similar position with several other global professional services firms.
Additionally, he spent approximately two years working for a Houston,
Texas based pipeline contractor as a field engineer in Prudhoe Bay,
Alaska.
Mr. Morris has worked for Ernst & Young for approximately 4 years.
He specializes in the valuation of both public and closely-held entities
and their underlying intangible assets, such as proprietary technology,
patents, trademarks & trade names, customer based assets, and software.
Mr. Morris has significant expertise in both the energy and technology
sectors.
EDUCATION
M.S., Accounting, University of Texas at Dallas
M.B.A., Finance, University of Texas at Dallas
B.S., Civil Engineering, Texas A&M University
PROFESSIONAL DESIGNATIONS AND AFFILIATIONS
American Society of Appraisers, Accredited Senior Appraiser (ASA)-
Business Valuation
Certified Public Accountant (CPA) Member, American Institute of Certified
Public Accountants
1 Hour Continuing Education
Make your Reservation On line!
Post-Meeting 1:30pm - 2:30pm
Tools for Internal Auditors and Consultants:
Six Sigma Application
Daniel A. Samson, CIA, MSF, Senior Manager of Raytheon Company
This engaging session will equip attendees with practical tools
to improve audit planning, fieldwork, and results. Dan will provide
an in-depth overview of the "Value Added Analysis tool", which has
contributed significant value to Raytheon's business partners.
Daniel Samson, CIA, MSF is a Senior Manager of Corporate Internal
Audit at Raytheon Company with responsibilities for the Company’s $2.5B
Intelligence & Information Systems and $3B Network Centric Systems
Businesses. In this role, he manages a team of 10 in Dallas
conducting risk assessments, audit projects, and providing consulting
services. Additionally, Dan is a Certified Six Sigma (R6S) Expert
charged with leading cross enterprise improvement efforts. His
International Offsets Planning for Growth project provided $33M in cost
avoidance for the Company.
Prior to joining Raytheon, Dan worked in the Audit Department at
NSTAR Electric & Gas Company in Boston, MA from June 2000 to July 2005
including leadership on the Sarbanes-Oxley Readiness Team. Dan also
previously held positions in Manufacturing and Financial Services in the
greater Boston area.
Additionally, Dan has held positions on several non-profit boards in the
Boston area including East Boston Main Streets and the Greater Boston
IIA; and has a history of leadership in workplace inclusion, education,
and community organizing.
He earned his bachelor’s degree in Economics from the University of
New Hampshire in 1996 and his master’s degree in Financial Economics
from Boston University in 2006. He is the winner of the 1996 National
Chicago Board of Trade Commodity Challenge Contest.
1 Hour Continuing Education
Make your Reservation On line!
 
This meeting is being held at
Cityplace Conference Center
2711 North Haskell Street
Dallas, Texas 75204 |
