September 2001

Friday, September 21, 2001
CityPlace Conference Center

Improving Your Audit Team's Skill Sets

You do not want to miss our first meeting of the year. The theme is improving your internal audit team’s skill sets. Improve your audit skill sets to give yourself a competitive edge by attending the pre-meeting, lunch and post-meeting.

Please note this month's meeting is on FRIDAY!

Lunch Meeting 12:00pm
Registration begins at 11:30am

The Art Of Profiling -
Reading People Right The First Time

Presented by Dan Korem, Investigative Journalist, President of Korem & Associates and author of "The Art Of Profiling"

Profiling is an interviewing technique that can make you a more effective auditor. You and your audit team will benefit from Dan Korem’s exhaustive research on interviewing and reading people right the first time.

Dan Korem is a critically acclaimed author, documentary producer, and independent investigative journalist whose programs have been seen by over 150 million people worldwide. One of the most sought-after speakers for corporate, law enforcement, and education groups in the US and Europe, he is the president of two Dallas-based communications companies. His most recent books are Suburban Gangs—The Affluent Rebels (1995), The Art Of Profiling—Reading People Right the First Time (1997), and Streetwise Parents, Foolproof Kids, which came out this summer.

The Korem Profiling System is the first comprehensive system for profiling people within a few minutes of interaction, enabling one to predict how a person prefers to communicate, perform on the job, and make decisions. It is widely used by Fortune 500, education, and law enforcement professionals for human resource, team management, sales, and confrontational applications. Developed in the early 1990s, Dan's techniques were derived from well-accepted gauges for measuring behavior and proven concepts for reading behavior from the field of psychology. Over 25,000 professionals in the US and Europe have received behavioral profile training using the system.

Dan has discussed Profiling as a keynote speaker or distinguished lecturer for the Society of Human Resource Management in 1997 and the IIA's 57th International Conference here in Dallas in 1998, as well as scores of corporate groups and professional associations in the US & Europe.

You will be entertained while you learn, as Dan has been known to throw in a magic trick or two to keep things lively. You will not be disappointed!

Pre-Meeting 10:30am

Investigative Interviews - Do's and Don'ts

Presented by Bob Terna, JCPenney Regional Loss Prevention Manager

Don't miss this! Bob Terna will offer tips and techniques that every auditor should know related to interviewing employees when there may be fraud involved. Bob has years of exceptional experience in both internal audit and loss prevention …and is a specialist in researching and investigating fraud.

Post Meeting 1:30pm

The Very Best Practices in Internal Auditing

presented by Dan Chesnut and Greg Aunan, KPMG

Do you want to improve your audit shop? If so, Dan Chesnut and Greg Aunan, KPMG, can help you gain an understanding of today's best practices in internal auditing. They will present cutting edge and fundamental processes necessary to give your Company exceptional internal audit services.

This meeting is being held at CityPlace Conference Center.

Note:  The DART rail station at CityPlace is now open! Check for information and schedules at DART's website: http://www.dart.org/default.asp

Preferred Method

The best method to confirm your reservation is via the website at http://www.dallasiia.org/Reserve.htm.

Secondary Method

An optional method is to use the telephone, fax, or e-mail. However, a $2 phone/fax/e-mail fee will be assessed to each reservation.

Contact

Lori Cannafax
Phone: 972-431-5981
Fax: 972-431-5995
e-mail: lcann3@jcpenney.com

Meeting / Luncheon Fees:

Members: $25
Non-Members: $30
Students: $15
Walk-ins (members or non) $30
Phone/Fax/E-Mail Fee $2

Reservations must be received by noon on Friday September 14, 2001 or a $5 late fee will be charged.

We reserve the right to bill for "no-shows."

Please mark your calendar for future meeting dates for the 2001-2002 Chapter Year:

• Thursday, October 18, 2001
• Thursday, November 15, 2001
• Thursday, December 13, 2001
• Thursday, January 17, 2002
• Thursday, February 21, 2002
• Thursday, March 21, 2002
• Thursday, April 18, 2002
• Thursday, May 16, 2002

Chapter News

2001 - 2002 Directory

The 2001-2002 directory will be available shortly to chapter members, and will be password protected on the web site. If you don't receive an email note with the password by September 12, 2001 and you are a Dallas IIA member, contact Regina Anderson at regina.anderson@bankofamerica.com with your member number to obtain the password.

Report Your Speaking and Writing

It's time again for the survey to determine which IIA Dallas Chapter members have submitted articles or spoken during August, or earlier if not previously reported. Each speaking engagement on internal auditing that a Dallas Chapter member completes will earn the Chapter 1 credit per CPD hour. Each full article, Roundtable article, Fraud Finding, etc. submitted that meets basic editorial guidelines will earn 5 credits. For each full article published 20 credits are earned. Each internal audit related article published in any other trade or professional journal that is authored by a chapter member is 5 credits.

To report your writing and speaking go to http://dallasiia.org/Speaking.htm and complete the provided form by September 15, 2001. Contact Dace Ward (dace.ward@eds.com, 972-605-6128) if you have any questions.

New and "Not-So-New"

The Dallas Chapter would like to recognize the following members for their years of service and invite our newest members to get involved. Anyone that would still like to get involved should contact any of the officers since we still have open committee assignments at this time. A complete list of assignments can be found at http://dallasiia.org/Committees.htm.

Our Next Seminar

Back To School Seminar

"New Frontiers of Internal Audit"

September 28, 2001
JCPenney Park Central

To register, visit the web site at http://dallasiia.org/BTSSeminar_01.htm

Featured:

• Jim DePalma, Vought Aircraft Industries
  
  Topic: An Education in Controls- Evolutional Auditing
  
  Evolutional Auditing - The responsibility of the internal audit function is to determine the level of risks inherent in the various processes of the company and pass the information to management for action. The final product can take on a one, two or three-dimensional perspective, based on the level and quality of the audit resources and the nature of support from management.
  
  One Dimensional - Compliance Auditing
  Do actual practices agree with the standard procedures?
  
  Two Dimensional - Compliance plus company business objectives
  Do the processes meet the business objectives specific to the company? This assumes that you have established basic compliance.
  
  Three Dimensional - Compliance plus company business objectives plus the bottom line
  Do the processes meet the company business objectives in the most effective and efficient manner? This assumes that you have established compliance and the company business objectives have been achieved.
  
  Speaker:  Jim DePalma is Manager of Corporate Internal Audit for Vought Aircraft Industries, Inc. He was appointed to this position July 24, 2000, when Vought Aircraft Industries was organized as an independent company. He works with a staff of four audit professionals and is responsible for Process Controls for the company, and liaison with external auditors. He reports to the President & CEO, the Corporate Executive VP and CFO and the Audit Committee of the Board of Directors.
  
  Jim began his business career in auditing with Price Waterhouse & Co. located in St. Louis Mo. After five years in public accounting he joined Brown Group Inc. as Supervisor of External Reporting and later Assistant Controller for Brown Shoe Company. He has been with Vought Aircraft Industries and its predecessor companies since 1980, when he joined LTV Steel (an LTV Corporation subsidiary) as a senior auditor. He served in increasingly responsible positions in the Internal Audit Department being appointed Manager of Internal Audit for LTV Aerospace and Defense Company. He also held the position of Director of Internal Audit for Northrop Grumman - Commercial Aircraft Division. When Northrop Grumman sold its Aerostructures business segment, he was appointed to his present position.
  
  Jim has a Bachelor of Science degree in accounting from Pennsylvania State University. He is a Certified Public Accountant, a member of the Institute of Internal Auditors and lives in Plano with his wife JoAnn. They have a son who lives and works in Austin, and two daughters who are completing their education in Texas.

• Ray Clay,  UNT
  
  Topic: Independence & Objectivity: A Framework for Internal Auditors
  
  Vast changes in the internal audit profession have led, on the one hand, to expanding scope of services and, on the other hand, to concerns about possible compromises to internal audit objectivity. Internal audit staffs as well as individual practitioners must learn to manage the internal audit unit and individual objectivity. This presentation is designed to address the issues related to problems with internal auditor objectivity and the considerations that should be made in dealing with these problems.
  
  Speaker: Dr. Clay currently holds the Internal Audit Professorship at the University of North Texas. Prior to joining the faculty at North Texas, he spent three years as Director of Professional Development for Union Pacific Corporation. Dr. Clay received his Bachelors and Masters degrees from Northern Illinois University and his Doctorate degree from the University of Kentucky. He has held faculty positions with Indiana State University and Texas Tech University and spent time on the audit staff of Price Waterhouse & Co. in their Chicago office. Dr. Clay has held significant committee appointments with the American Accounting Association, American Institute of Certified Public Accountants, and the Institute of Internal Auditors. He is the author of five books, twelve continuing professional education courses, and numerous articles appearing in professional journals. Dr. Clay serves as a consultant for several firms and has twice been named the Outstanding Continuing Education Discussion Leader by the AICPA and three times by the Texas Society of CPAs. He also received the 1999 Leon Radde Educator of the Year Award from the Institute of Internal Auditors, and was named Outstanding Accounting Educator by the Texas Society of CPAs in October 2000.
  
  

• Mark Salamasick, Bank of America
  
  Topic: Technology Risks of the Future - eSAC Electronic Systems & Control Assurance

• Aftab Shaikh, Citigroup
  
  Topic: TBA
  
  Speaker:  Aftab Shaikh is an internal auditor with the Citigroup and has been with the company for over four years. He has worked on various financial and technical audits, participated in various risk assessment projects, and have worked on special investigations. He is a Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Certified Information Systems Auditor (CISA), and has a Masters degree in Accounting with specialization in Internal Audit from the University of North Texas.

Cost: $125.00 per professional
$50.00 for professors
Free to Students

The seminar will be held in Meeting Room 1 of the JCPenney Park Central low-rise building near Coit Road and I-635 (12712 Park Central Drive, Dallas).

CIA Review Course

The Certified Internal Auditor exam is scheduled for November 14 - 15, 2001. The Dallas Chapter will once again sponsor an interactive CIA review course to help prepare candidates. This four day course will be taught by Dr. Glenn Sumners, Director of the Center for Internal Auditing at LSU. Comprehensive printed study materials will be provided for the course. Register On-line for this review course at http://dallasiia.org/CIAReview_F01.htm.

The course will be taught September 28 through October 1, 2001 (Friday - Monday), 8:00 AM to 5:00 PM each day, according to the following schedule:

• September 28,  2001 – Part I – Internal Audit Process
       Auditing
       Professionalism
       Fraud
  
• September 29,  2001 – Part II – Internal Audit Skills
       Problem Solving & Evaluating Audit Evidence
       Data Gathering, Documentation & Reporting
       Sampling & Mathematics
  
• September 30,  2001 – Part III – Management Control and Information Technology
       Management Control
       Operations Management
       Information Technology
  
• October 1,  2001 – Part IV – The Audit Environment
       Financial Accounting
       Finance
       Managerial Accounting
       Regulatory Environment
  (Please note if you are a CBA, CGAP, CCSA, CISA, CMA, CPA, CTA, CUCE or CTCP you are eligible to receive professional recognition credit for Part IV of the CIA Exam.)

Eight hours of continuing professional education (CPE) will be given for each full day session. The course will be taught in Meeting Room 2 of the JCPenney Park Central low-rise building near Coit Road and I-635 (12712 Park Central Drive, Dallas).

Cost for the course is $100 for each part if you are a Dallas IIA Chapter member, $125 for each part for non-members and members of other chapters.

If you are interested in overnight accommodations, there are several hotels near the JCPenney Park Central building (these are listed for information only; the Chapter has made no arrangements with these hotels):

• Sheraton Park Central 972-233-4421
• Westin Park Central 972-385-3000
• Harvey Hotel 972-960-7000
• Amerisuites Dallas Park Central 972-458-1224
• Crowne Plaza Suites 972-233-7600

You can register on line for the Review Course using the form below, or for further information, contact Scott Sullins at 972- 431-5990 (ssullins@jcpenney.com) or Michael Kennedy at 972- 431-5292 (mjkenned@jcpenney.com).

Note: The registration fee must be received by Scott Sullins at the address below in order to reserve your place at the course (Checks should be made payable to the Dallas IIA):

Scott Sullins
J. C. Penney Company., Inc.
6501 Legacy Drive
Plano, TX 75024-3698
M/S 4321

Career Opportunities

Staff Auditor II

Location: Plano, Texas

MINIMUM REQUIREMENTS

EDUCATION: BBA / BS Accounting.

EXPERIENCE: Two plus years of audit and/or industry experience. Prefer bilingual skills (primarily Spanish or French) and Business Process Improvement experience. Also prefer Certified Internal Auditor (CIA) or Certified Public Accountant (CPA) certification.

TRAVEL: Job includes domestic and international travel up to 50%.

JOB DUTIES: Perform Operational and/or financial controls reviews of the assigned auditable areas as defined in the audit universe. Assist the audit senior/manager in identifying potential areas of risk in the review area, developing the review plan and program, completing the review program to evaluate actual conditions in the review area, drafting audit findings and recommendations, and assisting in the follow up of implementation. In addition, assist in reviews of business process reengineering and facilitation of business improvement teams.

Contact:

Paul Dao
Alcatel USA
1000 Coit Road
M/S 210
Plano, Texas 75075

972-477-9124
paul.dao@usa.alcatel.com

Visit our website at: www.usa.alcatel.com

Senior Auditor I

Location: Plano, Texas

MINIMUM REQUIREMENTS

EDUCATION: BS/BBA Computer Science (or related field) or Accounting.

TRAVEL: Job includes travel throughout North, Central and South America (and occasionally to Europe). Travel is not expected to exceed 50%.

EXPERIENCE: Five plus years of IS Audit or related experience. Preferences include: experience with a Big 5 Accounting firm; Certified Information Systems Auditor (CISA), Certified Internal Auditor (CIA) and/or Certified Public Accountant (CPA); and bilingual (primarily Spanish).

JOB DUTIES: Performing technical audits of business applications, Information Technology infrastructure, related IS projects and integrated audits. In addition, this individual would also assist the Audit Manager and/or Regional Director in identifying potential areas of risk in the IS domain, developing, managing and completing the audit program to evaluate the risks.

Contact:

Paul Dao
Alcatel USA
1000 Coit Road
M/S 210
Plano, Texas 75075

972-477-9124
paul.dao@usa.alcatel.com

Visit our website at: www.usa.alcatel.com

Looking for a career change or companies seeking employees? Let the Dallas IIA Employment Committee help you. Individuals seeking positions can send an updated resume to:

Greg Dubis
JCPenney Company
P.O. Box 10001
Dallas, TX 75301-4321
Phone: (972) 431-5946
Fax: (972) 431-5995
E-mail: gdubis@jcpenney.com

Resumes will be kept on file and forwarded to Companies and Recruiters seeking to fill positions. This service is offered to members at no charge.

Also, any Company desiring to advertise a job opening in the Monthly eNews and on the web site may do so for a small fee. Contact Tracie Martin (traciem@baylordallas.edu) at 214-820-6970 for more information.