The Audit Standard

Electronic Version - April 2000, Vol. 3
News from the Dallas Chapter of the Institute of Internal Auditors

If you prefer the Newsletter in a "Portable Document Format", or PDF, it can be downloaded from the Chapter web site.

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THE PRESIDENT’S MESSAGE

Spring has arrived with budding, blossoming, and blooming everywhere! In the spirit of new growth, we are launching the new electronic delivery of The Audit Standard. Welcome to our electronic subscribers! For those who do not have your current e-mail addresses on file with the Chapter, we ask that you enter your preferred e-mail address through the Chapter’s web site at www.dallasiia.org so that you, too, can receive news and information in the fastest possible way.

Spring brings the joint meeting with our Ft. Worth IIA neighbors. We look forward to a great time of networking and fun. This season of beginnings also brings us a reminder of the professional growth of our newest CIA's. We will honor those who have successfully completed their CIA certifications at our Chapter meeting on Thursday, April 27 th . Our Chapter is fortunate that 28% of its membership have achieved this distinction. Let’s wear red to show our support for the CIA program and our newest CIA.

We can grow professionally as we welcome Rob Dyson to present “e-Business Risks and Security Concerns” as our luncheon topic. We are excited that our own members will lead us in the pre and post meetings. Rusalyn Kosofsky will lead “ACL: Tips and Tricks” in the pre-meeting time slot, and our post meeting will be “Electronic Workpapers Forum” with representatives from The Associates, Deloitte & Touche, and JCPenney. We are also hosting our last seminar of this chapter year with Richard Tarr from MIS Training presenting the 2-day “Auditing Automated Business Applications.” These are very cost-effective ways to achieve continuing education, and providing quality continuing education is one of the Dallas Chapter’s primary goals.

Finally, our new officers need information only you can supply: What are you willing to contribute to the Chapter? What you will get out of your membership in the IIA is based to a large extent on what you decide to put into it. To secure your place of leadership and service in the chapter for 2000-2001, we need to hear from you right away. If you have ideas for speakers or topics for meetings or seminars, the member survey is the official place to register those ideas. If you have preferences on meeting dates, times and locations then let us know that information, too. Please be sure to participate in the Chapter’s development by completing the member survey prior to the April meeting. The survey is located on the Chapter’s web site and in last month’s printed newsletter. We want to make 2000 – 2001 the best year yet for the Dallas IIA!

Corinne Bryan
President

APRIL MEETING

“e-Business Risks and Security Concerns”
Rob Dyson, Deloitte & Touche

Date: April 27, 2000

Location: CityPlace Conference Center
Southeast Corner of Central
Expressway & Haskell Avenue

Time: 10:30 Pre Meeting
“ACL: Tips and Tricks”
Speaker: Rusalyn Kosofsky, TXU

11:30 Lunch Registration

12:00 Lunch Presentation
“e-Business Risks and Security Concerns”
Rob Dyson, Deloitte & Touche

1:30: Post Meeting
“Electronic Workpapers Forum”
Speakers: The Associates, Deloitte & Touche, and JCPenney

Reservations:
Preferred Method - Web Site at http://dallasiia.org/Reserve.htm
An optional method is to use the telephone, fax, or email. However, a $2 phone/fax/email fee will be assessed to each reservation.

Sharon Beard
e-mail:sbear2@jcpenney.com

Lori Cannafax
e-mail:lcann3@jcpenney.com

Phone Reservations: 972.431.DIIA or 972.431.3442

Fax Reservations: 972.431.7195

Luncheon Fees:
Members: $ 23
Non-Members: $ 30
Students: $15

Phone/Fax Fee/Email: $ 2 additional

Reservations must be received by noon on Friday, April 21, 2000 or a $7 late fee will be charged. We reserve the right to charge for "no-shows."

LUNCH PROGRAM

There is a new business revolution underway that is changing our society at a magnitude that has not been experienced since the beginning of the Industrial Revolution in the 1750's. Arguably, the Information Age began in the 1950's. However, the Internet and associated technologies entered into mainstream society in the 1990's thereby changing how business will be conducted going forward. Electronic Business or e-Business is about getting closer to the customer, working seamlessly with partners and suppliers, and gaining efficiencies by integrating and automating internal and external processes. However, just like the Industrial Revolution brought on new risks, we are also facing new risks associated with the new e-Business Revolution. In this fiercely competitive, fast-paced e-Business environment, unmanaged risks can cause harm to the business, taint the brand, inflict legal liabilities and cause a company to loose market share within minutes! We'll take a closer look into these issues and discuss how the Internal Auditor can add value during this exciting new era.

Rob Dyson is a Senior Manager at Deloitte & Touche and leads the Process and Systems Integrity (PSI) service line in the southern region. He has over 17 years of experience providing information technology services in a variety of industries including Federal Government (Department of Defense), Entertainment, Broadcasting, Publishing, Advertising, and Commercial Insurance. He joined Deloitte and Touche after almost 12 years with Electronic Data Systems and 4 years as an Officer in the US Army.

Mr. Dyson's recent experience includes ERP Application and e-Commerce Security, Project Management for SAP Implementations, Business Process Controls Implementations, Business Continuity Planning and International Telecommunications & Media Business Development. He is a frequent speaker for D&T and has given numerous presentations to clients on SAP Process & Systems Integrity. He recently spoke at the Houston Chapter IIA meeting on the Internal Auditor's role in a SAP environment. Prior to joining D&T, Mr. Dyson had been a frequent speaker for EDS and the International Engineering Consortium (IEC) in the area of new media technologies and was a keynote speaker at the 1997 International Dutch Broadcasters Congress in the Netherlands.

PRE-MEETING

Rusalyn Kosofsky, CIA, CMA, CPA is a Senior Auditor with TXU Business Services for almost the last six years. She has bachelor and masters degrees in Accounting from the University of North Texas. She is a CIA, CMA, and CPA and has been using ACL for about 5 years.

Rusalyn will briefly describe what ACL is and what it can do and then demonstrate how she has used ACL in audit work. This will be a "how to" training session with open Q&A throughout.

POST-MEETING

Jackie Nelson and Ruth Burton will be presenting the AutoAudit Software, a product of Paisley Consulting. The Associates deployed the AutoAudit Software to their Audit Department in August of 1999. Jackie and Ruth were members of the project team which customized and tested the software and also helped train audit department employees. Jackie Nelson, CPA and Ruth Burton, CISA, have been employed with The Associates for approximately five years. Prior to this, they were auditors with a Mortgage Banking Company for 2 1/2 years.

Beth Belcher graduated from the University of North Texas in 1997 with a Bachelor's degree in Accounting Control Systems. She continued on to earn a Masters degree in Finance in May of 1998. Beth began her career with JCPenney Co., Inc. in June of 1998. She works as an Internal Auditor in the Real Estate and Construction area. Beth will discuss how Word and Excel are utilized for workpapers.

Magdalena Kovats is a graduate from the University of North Texas with a BS and MS in accounting. After graduation she joined the internal audit group within JCPenney's, worked for a brief time for TIG, Property and Casualty Insurance Company. Currently, Magdalena is working for Deloitte & Touche LLP, in the co-sourcing area under the ERS practice. Magdalena will discuss how the AS/2 software package facilitates the workpaper process at D&T.

APRIL SEMINAR
"AUDITING AUTOMATED BUSINESS APPLICATIONS"

Presented by Richard H. Tarr

Course Description: This three-day seminar is designed for financial, operational, and information system auditors who need a technical and operational understanding of information systems to audit automated business applications. Focusing on auditing the management of application transaction activity, controls, and procedures, you will master techniques that can be applied to mainframe, distributed processing, and client/server-based applications. You will learn how to assess all aspects of a business application, including input and output, processing, logical and physical security, authorizations, technical and end-user documentation, training and programmed procedures. You will gain field-tested tools for identifying, recording, assessing and evaluating application controls and procedures. A detailed case study will provide step-by-step reinforcement of what you will learn, and you will leave this high-impact seminar with real-world examples of audit programs, testing techniques, and audit findings.

Instructor Background: Richard H. Tarr, CISA, CIA, is an audit and information systems consultant, specializing in quality assurance and training for all audit functions as well as disaster recovery planning and project management. An 18-year audit and information systems veteran, Mr. Tarr began his career with Electronic Data Systems Company. He served as Corporate EDP Audit Manager for the Walt Disney Company, and, after that as Manager of Quality Assurance Review for the IIA. He authored the IIA’s audit tool kit, establishing an Internal Audit Function.

Date/Time: April 27-28, 2000, 8:30 a.m. - 4:30 p.m.

Go to http://dallasiia.org/Seminars.htm

Location: CityPlace Conference Center, 2711 Haskell (southeast corner of Central Expressway and Haskell)

CPE/Fees: 16 hours. $375 Members; $450 Non Members Fees include morning and afternoon snack both days and the IIA Luncheon on April 27, 2000

Contact: Jeff Seutter
Phone: 972.652.4373
E-mail: Jeffrey_Seutter@afcc.com

Please send your checks made payable to the DALLAS IIA to:
Jeff Seutter
The Associates Corporate Audit, 7 Wingren
P.O. Box 660237
Dallas, Texas 75266-0237

Dallas Chapter Member Survey

We need your help in planning our activities for the coming year. Your time is valuable and we appreciate a few minutes of it in order to make this year the best yet. Thank you for your valuable opinion. We will hold a drawing of the returned surveys at our first meeting of the new year. Surveys can be completed on-line at http://dallasiia.org/MemberSurvey.htm. Please complete this survey by the April 27, 2000 meeting. If you would like to serve or would like to nominate a member to serve as a committee chairperson or committee member, please provide the appropriate information so that we may contact you. If you would like to discuss this survey with a board member or officer, please contact Brad Bates at 214.777.7364. Thanks in advance for your participation.

EMPLOYMENT OPPORTUNITIES

Providing a progressive blend of operating and consulting solutions to internal audit, financial and tax departments nationwide!

As a cost effective alternative to Big Five firms for a range of quality services, AuditForce is experiencing booming growth. Now is the time to build a career and stock ownership position with the place that encourages you to be the star of the show and share in the wealth of a leader. Skill in the following is in high demand: Internal Auditing IT Auditing Financial, Operational and Tax Accounting ERP Systems At least 5 years' experience and proven desire to help our clients are critical. Enjoy regular stock option grants, great salaries and bonuses, access to leading-edge training and a supportive, flexible professional culture. Send/fax a resume or visit us in cyberspace: AuditForce, 500 N. Akard Street, Suite 3210, Dallas TX 75201; Fax: 214-740-5511; Email: dallas.recruits@auditforce.com.   EOE AuditForce is not a public accounting firm and is not qualified to register with the Texas State Board of Public Accountancy to practice accountancy in Texas.

We are looking for exceptional professionals to assist our clients in developing a broad range of financial, operational and compliance-based solutions with internal audit best practices. Our Dallas Cosourcing Practice is a flexible, collaborative form of management, which maximizes existing strengths and increases key internal functions.

We are seeking a Senior Consultant in our Cosourcing Practice with 3-5 years of internal audit experience in public accounting and/or private industry, manufacturing background a plus. Operational and/or Financial experience and a demonstrated internal audit approach, as a consultative service is a distinct plus. BA/BS in accounting or related field. Prefer CIA or CPA. Must have willingness to travel. We offer excellent benefits, competitive compensation and a progressive, professional work environment.

Please e-mail resume to: gclasen@dttus.com or fax: (214) 777-7610, ATTN: G. Clasen

Deloitte & Touche is an equal opportunity employer

Please visit www.dttus.com.

Congratulations to the following members of the Dallas Chapter who reach their ten, fifteen, twenty, and twenty-five year anniversaries with the Institute of Internal Auditors between April 1 and June 30, 2000:

Congratulations to Betsy Schwing, CPA, with UT Southwestern Medical Center. Betsy won a free registration for the May 2000 CIA Exam that the Chapter officers received at the IIA Leadership Conference. Study hard, Betsy, and Good Luck on the exam !!

Reminder: The member information contained in the Directory for the Dallas Chapter of the IIA (including the e-mail listing) is not to be used for purposes of solicitation. To serve those that may have job openings, there is an Employment Committee chaired by Greg Dubis that makes resumes available and an Advertising Committee chaired by Barry Tillman for placement of ads in the newsletter and on the web site. For other questions contact Terry Eaton, Secretary.

The Audit Standard communicates upcoming events, meeting dates, and IIA information to the Dallas Chapter members. We are open to any ideas or information you want to share. If you want to have your information input into the newsletter, please contact Rhonda McClinton at 214.999.2561 or email her at rhonda.mcclinton@us.pwcglobal.com.

Newsletter Submission Deadline:  April 28

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