The Dallas Chapter - February eNews

  February 2005

The President’s Letter

Our Future is in the Audience!!!

This month is our annual Student Month. We will have students from various local universities attending the Chapter Meeting on February 8, 2005. The students will have an opportunity to interact with our members and find out a few things about the IIA. In addition, we have a special post-meeting Student Forum for them to ask a panel of experts about Internal Audit and how it can help them grow professionally. So please take the time at the meeting to introduce yourself to the students and explain your role in the profession.

The February meeting is also our joint meeting with our partners from the Fort Worth IIA Chapter. Be sure to welcome our friends from the west. You will also get to be a part of the voting in of Officers who will lead our great Chapter in 2005-06!

How many times have you asked yourself if your sampling technique is sound? Well our luncheon meeting will help you! “Audit Sampling,” will be presented by Don Hanks of Protiviti. Our pre-meeting will be on “Sox IT – Year Two,” by Stacey Hamaker of Shamrock Technologies. The post meeting will be on “Cost Segregation Duties,” presented by Brook Fowler of UHY.

February looks to be another great month. Look forward to seeing you all at CityPlace on February 8!

Sincerely,

Jeffrey E. Seutter
President Dallas Chapter IIA

Next Meeting - Tuesday, February 8, 2005

Joint Meeting with the
Ft. Worth Chapter of the IIA
CityPlace Conference Center

~ Please note the meeting this month is on Tuesday ~

Meeting 12:00pm - 1:20pm
Registration begins at 11:30pm

Audit Sampling
Don Hanks, Protiviti

In today’s world of Sarbanes-Oxley, where testing has taken on a whole new importance and test results are closely scrutinized, how do you ensure your testing is accurate and appropriate? The answer: use statistics. Although judgmental testing has long been the friendly method of testing, understanding a few basic concepts can make statistical testing your new best friend and give your testing a solid foundation. Statistics and Audit Testing presents simple methods to help you incorporate statistical testing into your audit or governance program and gives you tips on when to use statistical and your old friend, judgmental testing.

Don Hanks is a Senior Manager with Protiviti Independent Risk Consulting. He has a Bachelor’s of Science from the United States Air Force Academy and a Master’s of Science in Applied Mathematics from Creighton University. He has served in a variety of roles during his career including scientific officer in the U.S. Air Force, an Assistant Professor of Mathematics at the Air Force Academy and the head of Protiviti’s Enterprise Testing group.


Pre-Meeting 10:30am - 11:30am

SOX IT – Year Two
Stacey Hamaker, Shamrock Technologies

Rather than a formal presentation, this session is intended to be an interactive discussion among panelists and session attendees on the impacts of SOX on IT and the outlook for SOX-IT Year Two. Led by Stacey Hamaker, Managing Principal of Shamrock Technologies, the session will introduce some of the questions that have been circulating among firms and discussion groups related to SOX-IT such as:

  1. Number of Controls - How many key General Computer Controls (GCC) were identified for your organization?
    • Were there any enterprise controls with a decidedly IT focus, i.e. IS Security, acceptable use, etc.?
    • Is there any effort being devoted to review and either eliminate, consolidate or optimize GCC controls in year two?
  2. Resources - What was the resource mix for GCC in IT and internal audit?
    • Contractors, permanent staff added, etc.
    • How will the staffing mix and levels change for year 2?
    • What were the ballpark costs for 2004 SOX-IT? How will that change for 2005?
  3. Deficiencies - Has anyone experienced deficiencies, significant deficiencies or material weaknesses in GCC?
    • If so, what created the situation?
    • What are the most common material weaknesses?
  4. Approach - Are plans in place to update scope, controls, process, and/or documentation in year two? If so, how?
  5. Executive Involvement - How is the executive team engaged with GCC?
  6. Decentralized Organizations - What are the strategies for handling decentralized business units and how is it working?
  7. Automated SOX Compliance Tools – Have any automated SOX Compliance SW tools been helpful?
    • If so, which tools, what areas and why were they helpful?
  8. Automated Network Security Tools – What automated Network Security tools have been used by the external auditors?
  9. Frameworks - What frameworks are companies utilizing for GCC (COBIT, ITIL, other?)
  10. Cost/Benefits - Is your company tracking cost/benefits for SOX-IT efforts? Any early indicators?
  11. Smaller Organizations - Has anyone begun to address how SOX can be scaled down for the smaller, 2005 filers?
  12. Key GCC Controls – Which specific GCC controls have been an issue? SDLC, Patch Management, Configuration Management, others?

Stacey Hamaker, CISA is a Managing Principal of Shamrock Technologies. She founded the company in 1990 to provide high-level analytical and technical assistance to organizations on a project basis. A thought-leader and published author on Governance topics, Ms. Hamaker has 25 years experience with enterprise-wide technology initiatives at Fortune 500 companies and mid-sized firms as well as the public sector. Most recently she has been heavily involved in Sarbanes-Oxley IT Compliance initiatives.

Ms. Hamaker’s background is in the areas of information strategy, internal controls, systems analysis, accounting systems, requirements definition, project management, and database administration. Stacey is active in the Information Systems Audit and Control Association (ISACA), Institute of Internal Auditors (IIA), and the Greater Dallas Chamber. Several of her articles have been published in the Information Systems Control Journal. Ms. Hamaker’s speaking engagements span local IT organizations as well as national and international venues such as ISACA’s 2001 International IT Governance Forum. She earned her MBA-MIS form the University of Texas at Arlington and her BA-Accounting/Math from Marietta College, Marietta, Ohio.


~ Please note we have concurrent Post-Meetings this month ~

Post-Meeting I 1:30pm - 2:30pm

Cost Segregation Studies
Brook Fowler, UHY

Cost Segregation is a strategic tax tool that can be used to accelerate tax deductions and increase cash flow to impact a company's bottom line. Cost segregation is the process of identifying or segregating costs, typically in new construction or acquisitions, for the purpose of accelerating depreciation expense for qualifying building components. The tax savings achieved can mean real dollars in the client's pocket.

Brook Fowler is a Senior Manager in the Flexible Staffing Department of UHY Mann Frankfort Stein & Lipp Advisors, Inc. (UHY) in Houston. He is a CPA and has worked for 12 years in the tax area for both public accounting firms and industry.  His firm, UHY, has completed numerous cost segregation studies for a variety of clients in many industries across the U.S.


Post-Meeting II 1:30pm - 2:30pm

Annual IIA Dallas Chapter Student Forum

Panelists include:

  • Al Bazis, Director – Internal Audit, Dallas Area Rapid Transit
  • Carla Cashio, Senior Manager Audit Services, Textron
  • Magdalena Kovats, Regional Director, Resources Connection
  • Debbie McKibben, Advisory Partner, PricewaterhouseCoopers LLC

The forum brings together students from various area universities and a panel of practicing internal auditors to answer questions about the profession. Members may ask questions as well. It is an opportunity to hear how other audit departments are structured, what areas they are auditing, types of audits, how they are addressing current issues in the internal audit profession, and other relevant topics. Panelists are at different experience levels and from a variety of industries to provide a broad perspective.


Map to CityPlace Conference CenterCityplace Confernce CenterThis meeting is being held at CityPlace Conference Center, 2711 North Haskell Street, Dallas, Texas 75204

                            CityPlace Conference Center

The DART light rail station at CityPlace serves both the RED and BLUE lines. Check for schedules, routes and fare information at  http://www.dart.org/default.asp

Preferred Method:

The best method to place and confirm your reservation is via the web site 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:

Kari Reddick
Triad Hospitals
Phone: 214-473-3820
Fax: 866-855-0085 
kari.reddick@triadhospitals.com

Meeting / Luncheon Fees:

IIA Members: $25
Ft. Worth Members may use their vouchers
Non-Members: $30
Students: FREE
Walk-ins (members or non): $30
Phone/Fax/E-Mail Fee: $2

Reservations must be received by 5:00pm on Thursday, February 3, 2005 or a $5 late fee will be charged.

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

We Now Accept Credit Cards - Online Only

We accept most major Credit Cards

The IIA Dallas Chapter, in conjunction with PayPal, will now accept payment online for the monthly luncheons. There is no change in the cost to you for the lunch. We accept VISA, MasterCard, Discover, American Express, or eCheck. Note that some corporate-issued cards are not accepted by PayPal. This service is only available online at the time the reservation is made. This can be used to pay for individual or group reservations. Follow the instructions on our website. If you properly cancel a reservation before the meeting, the Chapter will either return the funds to you or reserve you for the next meeting. Any questions, contact Melinda Lokey at 214-473-3823 or melinda.lokey@triadhospitals.com.

After you place your reservation online, you will see the link to pay via PayPal if desired.

Chapter News

Happy Trails to Pat Hagen

The Dallas Chapter Officers would like to wish Pat all the best in his retirement from AAFES and Dallas IIA. We would like to thank him for his many years of service to the Dallas Chapter and its members as Education Chair. All members that have received CPE in the last years, have Pat to thank for the managing the administrative hassles of filing the paperwork, tracking the courses, ensuring people sign-in, accumulating the evaluations, providing the certificates, etc. The administration of the Chapter can be burdensome at times, but thanks to dedicated people like Pat, things always got done.

Pat – hope you are enjoying Arkansas – I am sure you will soon be bored with the golfing and fishing and have to join the Little Rock Chapter!


IIA Research Foundation

The Research Foundation has recently updated its Assessment Guide for U.S. Legislative, Regulatory, and Listing Exchanges: Requirements Affecting Internal Auditing. With increasing attention to financial reporting — by legislators, regulators, security analysts, institutional investors, and others — the roles of boards of directors, audit committees, corporate management, and external and internal auditors are changing. The relationships between these entities are being reshaped by legislation and regulations. This Assessment Guide begins the process of comparing the key requirements of the Sarbanes-Oxley Act of 2002, proposed Securities and Exchange Commission interpretations of the Act, and proposed regulations by the listing exchanges and associations. It is meant to be a living document and will be changed as new regulations are approved. It is a free download form the Research Foundation and can be found at

http://www.theiia.org/iia/index.cfm?doc_id=3979


CGAP and CFSA Exam Preparation Resources

The following will provide you with an update on the available preparation resources available to candidates for the Certified Government Auditing Professional (CGAP) and Certified Financial Services Auditor (CFSA) exams. Please note that since the revised/updated study guides for both exams will not be available until after the May 2005 exam cycle, any candidates whose eligibility expires in May 2005 will receive an eligibility extension through November 2005 to accommodate the delay in the study materials.

Certified Government Auditing Professional

The CGAP exam is a self-study exam and does not require a prescribed curriculum. Candidates may choose their own method of preparing for the exam.

CGAP Study Guide: The IIARF Bookstore is publishing a revised CGAP Study Guide to include material on the new international exam content. However, the revised guide will not be available until after the May 2005 exam cycle. In the meantime, the current CGAP study guide, now offered at a 50 percent discount, will provide candidates with general government auditing information that may be supplemented by reviewing the IFAC's International Standards on Auditing and INTOSAI's Code of Ethics and Auditing Standards. Candidates taking the U.S. version of the CGAP exam should also study the US Government Auditing Standards (Yellow Book) in preparation for the exam.

Other Study Materials: The IIARF Bookstore offers a couple of books on government auditing. While these books are not written as CGAP study guides, they may assist candidates in preparing for the exam.

  • Auditor Roles in Government Performance Measurement: A Guide to Exemplary Practices at the Local, State and Provincial Levels
  • Performance Auditing: A Measurement Approach

Sample Questions: The IIA provides a limited number of sample questions on its website at Certification/CGAP, to give candidates an understanding of the types of questions that typically appear on the CGAP exam.

IIA Seminars: The IIA offers the following seminars on government auditing practices and principles. While they are not exam review courses, they may assist candidate in preparing for the CGAP exam:

  • Assessing Risk in the Public Sector
  • Audit Reports in the Public Sector
  • Evaluating Public Sector Controls Using COSO
  • Management Accountability and Control per OMB A-123
  • Performance Auditing in the Public Sector

On-Site Review Courses: Tom O’Connor, a third-party training contractor, offers on-site review courses for the CGAP exam. Tom is a CIA, CGAP, CGFM, CPA, and CFE and has been offering these review courses since the inception of the CGAP program. Affiliates or candidates may contact Tom directly at tocgee@aol.com or 703-836-4965 for more information or to schedule a review session.

Graduate School, USDA Review Courses: The Graduate School offers a CGAP review course to professionals and federal, state and local employees in preparation for the exam. The General Services Administration (GSA) has approved the Graduate School, USDA under Federal Supply Schedule 69, contract number GS-02F-0107N. (Note: these and any other third-party review courses are not endorsed by The IIA.)


Certified Financial Services Auditor

Exam Preparation Resources

The CFSA exam is a self-study exam and does not require a prescribed curriculum. Candidates may choose their own method of preparing for the exam.

CFSA Study Guide: The CFSA Study Guide that was published in 2001 is now outdated and out of stock. The authors of the study guide will be updating the content this year, but it will not be available for purchase through The IIARF Bookstore until after the May 2005 exam cycle. Please check back with us in August 2005 for an updated status on the book’s availability for purchase.

Other Study Materials: The IIARF Bookstore offers several books on general financial services auditing. While these books are not written as CFSA exam study guides, they may assist candidates in preparing for the CFSA exam.

  • Auditing Derivative Strategies
  • Auditing Investments
  • The Broker-Dealer Audit Guide
  • Economic Value Management - Applications and Techniques
  • Financial Shenanigans: How to Detect Accounting Gimmicks and Fraud in Financial Reports
  • Mergers, Acquisitions, and Divestitures: Control and Audit Best Practices
  • Understanding the Mergers and Acquisitions Process

Sample Questions: The IIA provides a limited number of sample questions on its website at Certification/CFSA to give candidates an understanding of the types of questions that typically appear on the CFSA exam.

IIA Seminars: The IIA offers the following seminars on financial services auditing practices and principles. While these are not exam review courses, they may be helpful to candidates in preparing for the CFSA exam:

  • Auditing Investment Activities
  • Fighting Fraudulent Financial Reporting

Endorsed Internal Audit Program at the
University of Texas at Dallas Update

Internship Interviews begin in February

We are in the middle of our second year of the UTD Program and will continue with a number of guest speakers during this semester. We started out the semester with Jay Taylor, Director of Information Technology Audit from General Motors. He had a special presentation in the School of Management open to all students. His presentation included an overview of the General Motors Internal Audit Group along with the value that Internal Audit has provided to Finance, Technology and top level management talent throughout General Motors.

Since the Dallas Chapter has already planned a number of excellent seminars for the spring, we are moving the “Fraud and Follow the Money Seminar” at UTD planned for March to the September/October timeframe. We would like for this event to be one of the largest provided by the Chapter, so plan your Fraud training for this fall.

We are looking forward to hosting the CIA and CISA review courses at UTD in the future. Also, the CIA exam will be held this next May at UTD.

The Student Chapter resumes will be updated for the spring semester by February 1. These resumes are available on the IIA Student Web site at www.utdallas.edu/orgs/iia. If you are interested in any of the students for full time positions or internships, please set up interviews on campus at the School of Management. Recruiting for interns will begin the week of February 21, so get your requests in now. Many of the students will be at the February meeting. Twenty new students have joined this semester! If you are interested in students in the program contact Mark Salamasick at 972-883-4729 or mark.salamasick@utdallas.edu.


Report Your Speaking and Writing

It's time again for the survey to determine which IIA Dallas Chapter members have submitted articles or spoken in January, or earlier if not 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 February 15, 2005. Contact Magdalena Kovats (214-777-0581 or magdalena.kovats@resources-us.com) if you have any questions

Chapter Seminars

Please note that the seminar originally scheduled for March 18, 2005, Fraud with Mark Salamasick and IRS at UTD, has been postponed until later in the spring.  Information on all chapter seminars can be found at http://dallasiia.org/Seminars.htm.


CIA Exam Review Course - Time is running out!
Registration closes January 28, 2005

photo_gs.jpg (11620 bytes)The Certified Internal Auditor exam is scheduled for May 18 -19, 2005. 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_S05.htm#a01.

The course will be taught February 4 through February 7, 2005 (Friday - Monday), 8:00 AM to 5:00 PM each day, according to the following schedule:

  • February 4,  2003 – Part I – Internal Audit Activity’s Role in Governance, Risk, and Control
  • February 5,  2003 – Part II – Conducting the Internal Audit Engagement
  • February 6,  2003 – Part III – Business Analysis and Information Technology
  • February 7,  2003 – Part IV – Business Management Skills
  • (Please note if you are a CBA, CGAP, CCSA, CISA, CMA, CPA, CTA, CUCE, CRCM 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 at the UTD School of Management (SOM) Room 1.502. A map with directions to UTD can be found at:

    http://www.utdallas.edu/campusmap.html

    Cost for the course is $125 for each part if you are a Dallas IIA Chapter member, $150 for each part for non-members and members of other chapters. A reduced rate is being offered to students in the Dallas Chapter. Please contact David Gibbs at davidgibbs5@comcast.net for more information on the student rates.

    Note: You may pay on-line with a credit card for this course. You will be given that opportunity when your online reservation is confirmed.

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    If you choose not to pay on-line with a credit card, the registration fee must be received by Toni Messer at the address below in order to reserve your place at the course. Checks should be made payable to the Dallas IIA:

    Toni Messer
    UTD Office of Internal Audits
    P.O. Box 830688 AD 32
    Richardson, TX 75083-0688

    For additional information about the review course, contact Toni Messer at 972-883-2693 or tmesser@utdallas.edu.

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

    http://www.richardsontexas.org/Accomodations_All.htm

    Career Opportunities

    Are you currently in the job market either voluntarily or involuntarily? Let the Employment Committee help you. Send us your resume and we will include you in our resume database. We receive calls from recruiters and hiring managers for open positions and will forward your resume if there is a match. We get calls for staff to director levels, IT to finance, local to out of town. All inquiries will be handled confidentially. If you have any questions, give us a call or e-mail us. We look forward to helping you.

    Fred Herman, Employment Committee Chairman, 972-801-1208, fsjnherman@aol.com.


    Ratliff Associates  (1/28/05)

    Experienced Sarbanes Oxley Interim Audit Senior

    Ratliff Associates, recruiters of finance, accounting and IT professionals, is IMMEDIATELY seeking a senior Financial Auditor with 4- 6 months of Sarbanes Oxley experience for a project engagement starting immediately through summer 2005 for a North Dallas tech company.

    Description:
    Candidate will join the client in late stages of risk analysis and early stages of testing and remediation to assist controller in refining the internal SOX audit plan and then execute the plan.

    Requirements:

    • Minimum of 4 months of Sarbanes Oxley audit experience REQUIRED
    • BS in Accounting or related degree
    • CPA or CIA strongly preferred
    • Excellent verbal and written communication skills a must
    • Internal and/or External Audit experience a must (Big four experience a plus)
    • The ability to prioritize audit tasks, interface with internal and external audit team in an efficient and productive manner, and provide reliable follow through are “must haves”
    • Travel requirement expected involves two separate one-week remote site visits during entire six-month+ engagement.

    Compensation:
    Negotiable based upon experience level. Target $65hr. up

    Qualified candidates please forward your confidential resume to connie@ratliffassociates.com


    Federated Department Stores, Inc.  (1/28/05)

    Senior Operational Auditor – Cincinnati OH

    Overview:

    Federated Department Stores, Inc., parent company of Macy’s and Bloomingdale’s, is seeking Senior Auditors to be based at its headquarters in Cincinnati OH. The primary responsibility of this position will be to assess the adequacy and effectiveness of financial and operational controls throughout the organization.

    Key Accountabilities:

    • Participate in all aspects of the audit process, including revising/developing audit programs, planning and conducting audits, work paper preparation, report writing and job wrap-up.
    • Participate in oral and written presentations of audit findings to senior management.
    • Clearly communicate to audit management and team critical issues and potential audit items as they are identified.
    • Participate in the risk assessment process and audit frequency planning.

    Skills Summary:

    • Bachelor’s Degree in business required, prefer accounting or auditing.
    • 2-3 years prior auditing experience required.
    • Professional certification (CIA or CPA), required.
    • Proven ability to work independently and as part of a team and to apply analytical and negotiation skills.
    • Strong written and verbal communication skills.
    • Strong attention to detail.
    • Approximately 60 - 80% travel required.

    Federated Department Stores, Inc., is an equal opportunity employer. Click on the following link to apply: http://federatedcorporatejobs.wfrecruiter.com/jobapp_candidate.asp?job_id=39440 


    Impact Innovations Group  (1/21/05)

    Director of Internal Controls and Compliance
    Permanent Position located in Denton, TX.

    Qualified Candidates will meet the following requirements:

    • A bachelor’s degree in Accounting or other business field required
    • CPA, CIA, or MBA preferred
    • 5-7 years retail internal audit experience or public accounting with 5 years experience at Manager or Director level
    • Ability to identify and execute improvements in the business environment
    • Sarbanes Oxley Audit experience
    • Experience in food, hospitality or retail preferred.
    • Highly prefer retail/store audit experience.

    Responsibilities included but not limited too:

    • Direct and supervise the day-to-day activities of the Internal Controls & Compliance department. Implement & execute procedures to include: cash control, acquisition due diligence and operational store audits.
    • Develop & review annual plan based on an assessment of Business/Financial risk that effectively utilizes all resources, ensuring resources are effectively deployed & costs appropriately controlled.
    • Prepare and conduct in quarterly Management Committee Meetings.
    • Devise strategies to ensure Sarbanes-Oxley compliance & other regulatory regulation.
    • Position reports to the CFO and is responsible for financial & operational audits for worldwide operations.
    • Excellent compensation plan including 401K, profit sharing, bonus and stock options.

    Salary is $100-125K + bonus, may be flexible depending on experience.

    Director of IT Audit
    Permanent Position located in Downtown Dallas

    Technical Knowledge Required:

    • CISA, CPA, CIA certification
    • Intermediate knowledge of PeopleSoft applications and security
    • Highly technical, advanced knowledge of Information Technology concepts, software, auditing practices and standards, trends, and best practices
    • Intermediate knowledge of GAAP and business accounting; Advanced analytical, organizational and communication skills and ability to work independently, lead, and motivate others.
    • Bachelors degree in Computer Science, Information Systems, Accounting, Business Administration or a related field with 8 + years of progressively responsible internal and/or external IT audit experience and CISA certification.
    • Advanced degree in Computer Science, Information Systems or Business Administration; Prior programming, systems development, data security, and/or computer network experience
    • Retail industry IT systems or auditing experience and prior consulting or practice leadership experience with major professional services firm.

    Responsibilities will include:

    • Develop, direct, plan and oversee the company's Information Technology (IT) Internal Audit activities, including the work performed by outside contractors.
    • Responsible for development and implementation of continuous auditing procedures including exception reporting using specialized internal audit software such as ACL, existing technology and application systems.
    • Direct company and contractor personnel in performing independent audits and special reviews of company IT functions, computer applications, systems implementations, data processing centers, processes, contracts and other activities.
    • Monitors the planning and execution of each audit, reviewing critical outputs, and reporting the results of the audit to management; In conjunction with the VP Internal Audit, assist the Audit Committee and executive management in identification and control of IT-related risk associated with the achievement of company financial reporting, operational and compliance objectives
    • Develop a thorough understanding of company computer systems, technology, hardware, business processes, policies and procedures and provide consultative assistance to management

    Salary is $100-125K + bonus, may be flexible depending on experience.


    Federal Home Loan Bank  (1/13/05)

    FEDERAL HOME LOAN BANK OF DALLAS

    EXEMPT JOB DESCRIPTION

    Title: SENIOR AUDITOR Job Code: 8930  Level: 26
    Division/Group: Office of the President Dept: Audit
    Reports To: Director of Audit Last Revision: November, 2004

    BASIC PURPOSE

    Under general supervision, performs professional auditing work of considerable difficulty and complexity, planning and leading audits, and providing lead and work direction to other professional auditors.

    PRINCIPLE ACCOUNTABILITIES

    1. Plans, supervises and conducts audits, which are frequently complex in nature, of financial, compliance, operational, and IT areas to determine if operating units are in compliance with Bank policies and procedures, applicable laws and regulations and GAAP.
    2. Establishes, with limited supervision, audit objectives, time estimate, plan of work, and supervises or performs data collection and documentation and evaluates results.
    3. Prepares audit workpapers which document audit procedures performed according to the departmental guidelines.
    4. Prepares written audit recommendations and presents them to the auditee.
    5. Prepares written audit reports and discusses them with the auditee.
    6. Assists other staff auditors when assigned.
    7. Provides consulting service to clients on matters relating to internal controls, operations or accounting matters.
    8. Determines if appropriate corrective action has been taken on deficiencies noted during audits and examinations by testing corrective action and reporting the results to management.
    9. Assists Bank's CPA firm in their annual examination when assigned.
    10. Assumes additional responsibilities as assigned.

    JOB SPECIFICATIONS

    1. Bachelor’s degree with a major in accounting. A business related degree may be substituted provided the candidate has completed at least 18 hours of accounting courses and 3 or more hours of computer science courses.
    2. Professional Certification (CPA, CIA or CISA) highly preferred.
    3. 3-5 years experience in all types of audits including financial, operational and IT/EDP, or significant and related bank accounting experience of a comparable nature.
    4. Excellent microcomputer skills. Advanced skills with spreadsheets and word processors. Intermediate skills in operating systems and utility programs, with knowledge of flowcharting software preferred.
    5. Working knowledge of audit software preferred.
    6. Excellent communication, project management and interpersonal skills.
    7. Strong detail orientation and excellent analytical skills.

    TO APPLY FOR THIS POSITION, PLEASE VISIT OUR WEBSITE AT http://www.resourcehire.com/clients/fhlbdallas/publicjobs/


    Grant Thornton  (1/13/05)

    Grant Thornton LLP is an Equal Opportunity Employer. Founded in 1924, Grant Thornton serves public and private midsize clients through 48 offices in the United States and in 585 offices in 110 countries. Grant Thornton LLP's web site is www.GrantThornton.com.


    Title: Internal Audit Associate

    Our Business Risk Services (BRS) group, a specialty advisory practice within Assurance and Advisory Business Services, is a growing practice providing strategic solutions, operational performance improvement and assurance support to our clients. Grant Thornton seeks a team player with a strong work ethic and excellent professional skills for the role of Associate- Internal Audit Services.

    This professional will perform internal audit procedures under the direction of the internal audit management team and in accordance with the client's audit plan, risk management strategy and Grant Thornton's internal audit methodologies.

    Responsibilities:

    Maintain a strong client focus by effectively serving client needs and developing productive working relationships with client personnel.

    Stay abreast of current business and economic developments relevant to the client's business.

    Deliver high-quality client service by directing the daily progress of fieldwork and informing Managers of engagement status.

    Respect and protect confidential client information.

    Display teamwork, integrity and leadership.

    Support colleagues and value others' contributions.

    Provide constructive on-the-job feedback and coaching.

    Utilize technology and tools to continually learn and innovate, share knowledge with team members and enhance the delivery of services.

    Bring potential business opportunities to the internal audit management team's attention.

    Actively encourage team members to contribute ideas and identify potential business development opportunities to sell Grant Thornton's services.

    Requirements:

    • a Bachelor's degree in Accounting, Finance or a business-related field
    • 1-4 years minimum of related audit, business or financial experience
    • CPA, CIA or a desire to pursue applicable professional development and certification(s)
    • strong analytical, interpersonal and communication skills
    • demonstrated consistency in values, principles, and work ethic

    Candidates must be available to travel 30-45% and work in excess of standard hours when necessary.

    Interested Candidates should submit a resume in confidence to TexasBASCareers@gt.com or fax 214-561-2370.

    Grant Thornton is an equal opportunity employer.


    Title: Internal Audit Manager

    Our Business Advisory Services (BAS) group, a specialty advisory practice within Assurance and Advisory Business Services, is a growing practice providing strategic solutions, operational performance improvement and assurance support to our clients. Grant Thornton seeks a team player with a strong work ethic and excellent professional skills for the role of Manager- Internal Audit Services. This professional will supervise and perform in accordance with the client's audit plan, risk management strategy and Grant Thornton's internal audit methodologies.

    Responsibilities:

    Maintain a strong client focus by effectively managing client needs and developing productive working relationships with client personnel. Stay abreast of current business and economic developments relevant to the client's business. Deliver high-quality client service by directing the daily progress of fieldwork and informing Managers of engagement status. Respect and protect confidential client information.

    Display teamwork, integrity and leadership. Support colleagues and value others' contributions. Provide constructive on-the-job feedback and coaching.

    Utilize technology and tools to continually learn and innovate, share knowledge with team members and enhance the delivery of services.

    Develop potential business opportunities. Actively encourage team members to contribute ideas and identify potential business development opportunities to sell Grant Thornton's services.

    Requirements:

    • a Bachelor's degree in Accounting, Finance or a business related field
    • 5-7 years minimum of related audit, business or financial experience
    • CPA a plus, CIA required
    • strong analytical, interpersonal and communication skills
    • demonstrated consistency in values, principles, and work ethic

    Candidates must be available to travel 20-30% and work in excess of standard hours when necessary.

    Interested candidate should submit a resume in confidence to TexasAuditCareers@gt.com or fax 214-561-2370. Job code: Dallas IA Mgr

    Grant Thornton LLP is an Equal Opportunity Employer.


    Brinks Home Security  (1/5/05)

    Job Title: Auditor

    Brink's Home Security was founded in 1983 as an affiliate of Brink's Incorporated - the world's largest provider of secure transportation services. Our headquarters are in Irving, Texas, where the National Service Center (NSC) provides alarm monitoring and other customer services. Today, Brink's Home Security monitors security systems for more than 896,000 customers in over 200 markets in the United States and Canada.

    We are looking for hard-working, enthusiastic individuals to become part of the Brink's Home Security Team. We offer a variety of rewarding and challenging career opportunities with competitive salaries, an inspiring work environment, great benefits and professional development opportunities.

    We currently have an excellent opportunity at our corporate headquarters located in Irving, Texas for a Branch Field Auditor.

    SUMMARY: This position is responsible for planning and executing audit reviews at the approximate 60 field locations and various NSC departments of Brink’s Home Security. These reviews are designed to assess compliance with the Company’s operating and financial control procedures and recommend modifications to these procedures, when required. Changes are recommended when procedures or compliance therewith is deemed inadequate to maximize the resources or opportunities of the Company and/or safeguard Company assets. Additionally, the position performs specific audit procedures to assist the Company’s external auditors with the year-end audit, ensure compliance with Sarbanes-Oxley internal control documentation and assist with key NSC process redesign initiatives to increase efficiency and effectiveness.

    ESSENTIAL DUTIES AND RESPONSIBILITIES: include the following. Other duties may be assigned.

    • Design risk base audit matrix to identify field locations and NSC functions to audit. Design, develop and maintain audit methodology and approach to meet both financial and operational objectives (safety, HR compliance, record retention, inventory utilization, etc).
    • Responsible for identifying and testing of key internal controls. Has authority to expand or reduce scope based upon level of internal control identified. Establishes own working hours and travel schedule.
    • Act as the primary contact person for any internal control and audit related matters at Brink’s Home Security.
    • Deliver written audit reports and final issues with recommended actions and clear improvement commitments by management to be included in the audit reports. Propose future audit work on scheduled assignments and future audit assignments to the Controller based on senior auditor’s experience and exposure to current Company practices and industry developments.
    • Establish close working relationships through mutual respect with all levels of management and staff, wherever located. This close but effective relationship must be developed even though contacts are brief and occasional.
    • Participate on process redesign and improvement teams to give holistic view to project and ensure internal control objectives are represented and met.
    • Recognize when pre-arranged audit steps or generally applicable audit recommendations are not appropriate in the circumstances. These circumstances include the informal, as well as established methods of operation.
    • Identify internal control and procedural best practices at the field locations and champion their use across the Company.
    • Develop innovative methods of completing departmental objectives including using computerized audit software designed internally, or by obtaining knowledge of improved audit techniques currently utilized in the industry and by The Brink’s Company.
    • Provide monthly reporting audit status and key performance indicators as it relates to the audit department.
    • Develop and maintain formal policies and procedures for the audit department as necessary.
    • Approximately 20-30% domestic travel, as determined by audit assignments, typically lasting no more than 2 days per trip.
    • Other duties and responsibilities may be assigned as needed by management

    QUALIFICATION REQUIREMENTS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations will be made to enable individuals with disabilities to perform essential functions.

    EDUCATION AND EXPERIENCE:

    • Bachelor’s Degree in accounting, finance or business relate field.
    • 4-6 years of audit experience in a large national accounting firm or Fortune 500 internal audit department. Certified Public Accountant or Certified Internal Auditor required.
    • This position requires excellent auditing skills and a keen perception of how procedures and methods should work, particularly when established policy or procedures do not exist. Knowledge of COSO internal control framework and requirements of the Sarbanes Oxley Act of 2002 required. In order to maintain these capabilities, extensive continuing education and a professional attitude are required.
    • This position requires an enthusiastic and motivated individual who can nurture respect and confidence by those being audited very quickly across various levels of company management and field personnel. The incumbent must be effective without the comforts of routine contacts and functions and have quickness of mind and very clear thought processes since all audit activities are performed with significant time pressures and are often executed in an environment away from their established home location.
    • Knowledge of Microsoft Office. Additional competency in Access and Lotus Notes desired.

    LANGUAGE SKILLS: Ability to read, analyze and interpret general business periodicals, professional journals, technical manuals, procedures, financial policies and pronouncements, and government regulations. Ability to produce clear and concise reports, business correspondence, and procedural manuals. Ability to clearly and effectively present information and respond to questions from groups from both within and outside the Company.

    MATHEMATICAL SKILLS: Ability to work with mathematical concepts such as linear regression analysis, probability, statistical inference, fundamentals of financial analysis, solid geometry, trigonometry, fractions, percentages, ratios and proportions to practical situations.

    REASONING ABILITY: Ability to define problems, collect data, establish facts and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

    OTHER SKILLS AND ABILITIES: Ability to interact with all levels of the organization.

    PHYSICAL DEMANDS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

    While performing the duties of this job, the employee is occasionally required to stand; walk; sit; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms; and talk or hear.

    The employee must occasionally lift and/or move up to 50 pounds. Specific vision abilities required by this job include close vision.

    WORK ENVIRONMENT: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

    The noise level in the work environment is usually moderate.

    To be considered, please email your resume to mhicks@brinks.com.


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