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Joint meeting with
Risk Assessment/Audit Planning
Meeting 12:30pm - 1:30pm
Lunch to start being served at 11:45
Registration begins at 11:30pm
Evolving the Risk Assessment Process and Designing Your Audit Plan
Katherine Findlay, Managing Director of Internal Audit, Southwest Airlines
Objectives: A Company’s Audit Plan should contain audits
designed to test high risk areas and process improvements which
provide value to the organization and shareholders. An Audit Plan
that achieves those goals is designed through the knowledge gained
in the risk assessment process. This presentation will allow you to
gain an understanding of the following:
- Potential inputs to the risk assessment process
- The frequency in which assessments are performed
- The Team Members’ roles in evaluating risk
- How to synthesize risk assessment results into a risk-based
Audit Plan.
 Katherine
Findlay serves Southwest Airlines (SWA) as its Managing Director,
Internal Audit.
The SWA Internal Audit Department champions compliance and offers
practical solutions to improve business operations and assist in
corporate governance. Katherine’s Internal Audit Team designed and
piloted the Company’s first Mentorship Program. She has received the
“Leading by Example” and “Winning Spirit” awards at Southwest
Airlines.
Prior to joining SWA in 1993, she was with Ernst & Young where
SWA was one of her most valued Clients. Katherine began her career
at SWA in the Internal Audit group before moving into the Finance
organization as Director of Maintenance Finance & Budgets. Prior to
returning to the Company’s Internal Audit Department in 2010,
Katherine served as the Senior Director of Maintenance Services
where she oversaw the Company’s outsourced maintenance activity,
Maintenance Training and a unionized warehouse management workgroup
in Maintenance & Engineering. Katherine is a member of SWA's
Diversity Council, a group with companywide representation that
seeks to promote diversity and inclusion outside and inside the
organization. She is member of the University of Texas at Dallas
(UTD) Internal Audit Education Partnership Advisory Board and
Endowment Committee. She also participates in both the DFW Audit
Executive Roundtable and Ernst & Young’s Enterprise Risk Roundtable.
Katherine supports her Department’s participation in IIA events and
training, Committee participation, and local roundtables. She is an
advocate for the profession, and continues to host UTD students and
visitors as they explore internal audit as potential careers.
Education: Katherine graduated with honors from Texas Tech
University in 1990 earning a B.B.A. in Accounting. She is a
Certified Public Accountant.
Personal: Married (Troy) with two children, Noah (8) and Cole
(6). In her spare time, she enjoys spending time with her family,
reading, boating, traveling, and just relaxing. She serves as the
PTA Volunteer Coordinator for both children’s school classes, and
teaches religious education at her Church.
1 Hour Continuing Professional Education
Make your Reservation On line! - Please read our Cancellation Policy
CAE Spotlight 12:00pm - 12:30pm
Registration begins at 11:30pmDavid Shackelford, Sr. Director of Internal Audit, Fossil, Inc
No prerequisites required.
The objective of this brief presentation is to provide Insight
into the best practices, organizational structure and types of
audits performed by an Internal Audit department within the
manufacturing industry.
 David Shackelford is the Sr. Director of Internal Audit at
Fossil, Inc. Fossil is a global design, marketing and distribution
company that specializes in consumer fashion accessories that are
sold in over 120 countries world-wide. Mr. Shackelford has been
instrumental in establishing and growing Fossil’s Internal Audit
function over the last eight years. Fossil has over 10,500 employees
and has operations in over 30 financial reporting entities globally.
Mr. Shackelford is responsible for all global internal audit
activities for the company. Internal Audit focuses on evaluating
internal controls of business processes and operational improvements
and is also the Project Management Office for Fossil’s SOX404
compliance initiatives.
Mr. Shackelford has 19 years of internal audit and risk assurance
experience in numerous industries including retail, wholesale,
distribution, manufacturing, professional services, real estate,
telecommunications, government, banking and healthcare. He has been
active in the international and local chapter organizations of the
IIA, including serving 4 years on the IIA’s Professional Issues
Committee where he chaired and/or contributed to the composition of
various white papers, practice advisories and revisions to the
Standards. He also recently ended his sixth year of serving on the
Board of Governors for the Dallas Chapter of the IIA. Mr.
Shackelford is a CIA and CISA has a Bachelor of Business
Administration with a major in Accounting from Stephen F. Austin
State University
No Continuing Professional Education
CAST Meeting 10:30am - 11:30am
Registration begins at 10:00am
Risk Based Audit Plan
Albert Bazis, Director of Internal Audit, Dallas Area Rapid Transit
No prerequisites required
Objectives: We will discuss the merits of a risk
based approach to audit planning and demonstrate a risk assessment
methodology that has worked at Associates, Ford Motor, and DART. We
will also discuss how the
 results of the risk assessment are applied
to develop the audit plan.
After graduation from Creighton University, Mr. Bazis joined
Arthur Andersen & Co. where he was an Audit Manager. After leaving
Arthur Andersen, he joined Associates First Capital Corp. (now
Citigroup) where he was Senior Vice President of corporate audit. He
is now with Dallas Area Rapid Transit (DART) where he is Director,
Internal Audit. At both Associates and DART he has initiated COSO
based audit approaches, using control self assessment (CSA) at
Associates and a risk/control matrix approach at DART as the basic
audit tools. Both the CSA and matrix approaches are interactive and
start with business objectives and proceed to risks to objectives,
risk ranking, and then to risk control. Also at both Associates and
DART, an annual risk assessment model is applied to form a basis of
the audit plan.
1 Hour Continuing Professional Education
Make your Reservation On line! - Please read our Cancellation Policy
Pre-Meeting 10:30am - 11:30am
Registration begins at 10:00am
Separating Fact from Fantasy –
What Auditors Really Need to Know & Do about Risk in 2012
Courtenay M. Thompson Jr., Courtenay Thompson and Associates
No prerequisites required
Objectives: Scandals and business failures in recent years
have led to legislation and initiatives aimed at improving controls
over financial reporting. Auditors are being encouraged to do risk
based auditing. Consultants offer to help organizations document and
assess their risks. But are these activities the remedy? Or are we
chasing yet another illusion?
 The purpose of this session is to provide a forum to discuss some
myths about risk and risk appetite including:
- how some results
oriented auditing has helped management understand and manage
certain risks.
- practical risk driven approaches to enhance the
effectiveness of auditors and management.
Courtenay Thompson provides training on fraud detection and
investigation, and fraud awareness for managers. Courtenay also
conducts training on audit interviewing, leadership, personal and
professional skills and contract auditing. Other courses offer
practical approaches to fraud in construction, contracting and
procurement. With Rich Townsend he jointly offers a series of
courses on control and audit of construction costs. Courtenay’s
background prior to entering consulting includes internal auditing
and investigation, and public accounting.
1 Hour Continuing Professional Education
Make your Reservation On line! - Please read our Cancellation Policy
Post-Meeting 1:30pm - 2:30pm
Why is ERM So Important to Today’s
Executive Management Team?
Christopher Mitchell, MBA, CIA, CISA, CCSA,
Director of Risk Management, Assurance and Advisory Services, Whitley Penn
Objectives: Since the introduction of Sarbanes-Oxley
in 2002, companies have been searching for a better way to manage
risk that impact their businesses. Conducting an Enterprise-wide
Risk Assessment can help pinpoint, analyze and remediate risks
associated with technology, operations, regulations, environment,
etc.
The purpose of this session is to provide a forum to help
executive management and the internal audit professional better
understand the ERM implementation process.
 Chris Mitchell has over 17 years of risk management, finance and
IT consulting experience. He has held the titles of Internal Audit
Director, Senior Program Manager and Managing Consultant at various
companies in industries including financial services,
telecommunications, software development, manufacturing and
government. Chris’ practice focuses on assisting clients with 404
implementations, Type I & II SSAE 16 audits, leading internal audit
teams and making cost-effective recommendations to enhance internal
controls, maximize efficiency and minimize exposure to loss and
regulatory risk.
1 Hour Continuing Professional Education
Make your Reservation On line! - Please read our Cancellation Policy
Meeting Location
Cityplace Conference Center,
2711 North Haskell Street, Dallas, Texas 75204
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Registration Cancellation Policy
- Registration cutoff is 5:00 pm CST on the Friday before the
meeting.
- Payment must be received by the Friday before the meeting. Your registration is not
confirmed until paid. We strongly encourage you to pay via
PayPal to confirm your registration. If you are mailing a
check, the envelope must be post marked 8 days prior to the
meeting (i.e., on Thursday the week prior to the Friday
meeting) to ensure we receive your payment on time. If the
envelope is not post marked within the required timeframe and is
received late, you will be notified by email that a) the meeting
is sold out or b) an additional $10 late fee per person will be
assessed. Only registrations paid by PayPal will be
accepted on days just prior to the meeting.
- If you miss the deadline to register and space is available,
you can attend the meeting as a walk-in. Before coming to
the meeting, please check the website to see if we are accepting
walk-ins since our meetings tend to sell out.
- The deadline to cancel your registration is 5:00 pm CST on the
Friday before the meeting (unless otherwise noted) to receive a
refund. If you do not cancel by the deadline, you may send
a substitute in your place after notifying
reservations@dallasiia.org. The substitute will be
required to pay an additional $10 if they are not a member of
the Dallas Chapter. To cancel your registration, please send an email to
CANCEL@dallasiia.org.
- If you
miss the deadline to register and space is available, you can
attend the meeting as a walk-in. Before coming to the meeting,
please check the website to see if we are accepting walk-ins
since our meetings tend to sell out.
- All walk-ins will need to register at a separate table before
the start of the meeting. The walk-ins will be required to
complete an on-site registration form which will include name,
company name, address, and email address and can pay with cash
or check made payable to the Dallas Chapter of The IIA for the
applicable amount. Only cash or checks are
accepted at the door.
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