February 2009

Next Meeting - Thursday, February 5, 2009
Cityplace Conference Center

Dallas IIA 60th Anniversary
& Academic Relations Month

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

The Global Internal Audit Profession
Patricia K. Miller - Partner, Enterprise Risk Services; Chairman, IIA Board of Directors

As Chairman of the IIA, Patty Miller visits chapters and Institutes around the world and has gained a perspective of how internal audit is practiced globally.  She will set the stage for our discussion with the strategic plan of the IIA, describing where the IIA believes our profession is headed, and then share her thoughts on the growing expectations for internal auditing.  She will discuss the implications of the recent financial services crisis and slowdown in the economy to internal audit, and share her views on ways internal audit can step up to help our organizations in this time of increasing risk.

Patty Miller is an experienced internal audit partner in the Northern California Enterprise Risk Services (ERS) practice of Deloitte & Touche.  During her career with Deloitte & Touche, she has provided a broad array of services to clients including business and audit risk and control evaluations, operational and information systems control evaluations, and Sarbanes-Oxley readiness services.  Patty has worked with large and small public clients, in a variety of industries including Consumer Business, Technology, and Life Sciences.

Patty joined the Deloitte & Touche ERS practice in 1997, following a 14-year career with Pacific Telesis and Pacific Bell where she held numerous management positions in diverse areas including internal audit, billing systems, financial management and planning, process design and engineering, project and program management, and merger planning and integration.

Patty has been an active member of the Institute of Internal Auditors (IIA) for over twenty years, currently serving as Chairman of the Board of Directors for the global organization.  She has been a member of the Executive Committee of the Board of Directors for five years, serving in the roles of Senior Vice Chairman, as well as Vice Chairman – Professional Practices, where she oversaw the development of IIA Standards, guidance and quality assessment; and in the role of Vice Chairman – Professional Services, overseeing relationships with the global and North American affiliates, as well as academic and government auditor relations.  She is also a past Vice Chair of the Standards Board and member of the Board of Regents, and she served a term as President of the San Francisco Chapter of the IIA.  Patty is a frequent speaker at the local and global level on internal audit, governance and control topics, and has co-authored research projects and articles for the Internal Auditor magazine.

Education
B.S., University of South Dakota
M.B.A., University of Nebraska

Certifications
Certified Public Accountant (California and Nevada)
Certified Internal Auditor
Certified Information Systems Auditor

1 Hour Continuing Education

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.

CAST Meeting 10:30am - 11:30am
Registration begins at 10:00am

Opening and Closing Meeting Strategies
Chris Desjardins - Board of Governor Dallas IIA; Director of Audit and Consulting Services, Essilor of America

Chris Desjardins will continue the Core Audit Skills Track by presenting strategies for opening and closing meetings. This session will discuss the various elements that need consideration in order to conduct successful opening conferences and closing meetings.

The presentation will address the following topics:

• Objectives: Keeping the end results in mind
• Attendees: Who should be there - why and why not
• Agenda: The elements of the discussion
• Planning: Thinking through various scenarios
• Details: The little things make a big difference

Please come prepared to share your thoughts and experiences.

Chris Desjardins is the Director of Audit and Consulting Services for Essilor of America. Hired in 1999 for his current position, he was tasked with establishing the internal audit effort for North America. He has more than twenty years of experience in internal audit and operational experience. A graduate of Pace University, he entered the workforce as an internal auditor. He remained in the internal audit profession for most of his career, working for a variety of consumer product, financial services and manufacturing companies. Mr. Desjardins resides in Frisco with his wife and child.

1 Hour Continuing Education

Pre-Meeting 10:30am - 11:30am
Registration begins at 10:00am

10:30 - 11:00
The 411 on Job Search 101:
When your 401k should call 911
Doug Hall - Managing Partner, Financial Additions

For the past year, according to the National Bureau of Economic Research, we have been experiencing a national economic recession.  In order to respond to the resulting challenge of finding the perfect position in such a tight market, job seekers must sharpen both their search and interview skills.  This presentation will cover the arts of resume preparation and job interviewing, as well as some helpful suggestions for self-marketing in this challenging environment.

Fortunately, accountants and auditors will find their unique skills still in demand as companies struggle with forecasting, cost control, and governmental compliance, although the number of available positions will most likely decrease.  The topic will be geared to meet the needs of entry level to experienced job seekers and will allow them to take their raw audit and accounting skills and translate them into written and verbal forms designed to impress future employers.

Doug Hall has over fourteen years of experience in recruiting in the accounting and finance arena.  He started his recruiting career at a national financial search firm and was promoted to senior manager of the Dallas branch, where he received the National Trainer Sales Award.   Prior to working in the recruiting field, Doug worked in the investment and mortgage banking industry as a Senior Financial Analyst.  His current and previous clients include Fortune 500 companies such as Sprint, Fedex Kinkos, Dr Pepper/7-UP, Venture Capital funded start-ups, Big 4, and regional accounting firms.  He has provided training for numerous accounting and finance departments in the areas of outplacement issues, employment market conditions, and salary review.

Doug has a Master of Business Administration from Millsaps College; a Bachelor of Business Administration in Finance from Abilene Christian University, and is a member of the American Staffing Association, the National Association of Personnel Consultants and the Metroplex Association of Personnel Associates.  He is a former member of the ACU Alumni Board.

For over a decade Financial Additions has been a financial placement and staffing leader in the Dallas/Fort Worth area. Recently Financial Additions expanded into 3 offices that include San Diego, Los Angeles and Dallas.

11:00am - 12:00pm
Speed Interviewing

In commemoration of Academic Relations Month, this portion of the meeting invites students to interview with several area CAEs and Senior Managers. At the end of the session, the CAEs and Senior Managers will provide feedback to students on their interviews. This event has been greeted with much anticipation by students in years past and we are looking forward to a successful event this year as well.  Below is a list of audit executives who will be participating as an interviewer:

• Glyn Smith - Sr. Director of Internal Audit and Internal Controls, Blockbuster
• Lori Rainwater - Vice President, Internal Audit, Southwest Airlines
• Susan Sieker - Vice President, Business Assurance, Brinker International
• Dennis McGuffie - Vice President, Audit Services, Tenet Health System
• Denny Beran - Sr. Vice President/Director of Auditing, JCPenney
• Melody Watson – Sr. Manager, AC Lordi
• Bernardo Aguayo - Director of Audit Services, Dean Foods
• Ray Lindsay - Director, Corporate Internal Audit, NEC America

1 Hour Continuing Education

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

Tom Leppert
Mayor, City of Dallas

Tom Leppert was elected mayor of Dallas in June 2007.  Prior to his election, Mayor Leppert was recognized as both a Dallas business and community leader.

Mayor Leppert has led major corporations in the areas of construction, financial services and real estate. He also served as a White House fellow in both the Treasury Department and in the White House.

A lifelong community volunteer, he has served numerous community groups and charitable organizations on both the local and national levels.

During his tenure, the City has aggressively addressed Public Safety, Economic Development and the Environment.  In Addition, he has pioneered a number of innovative programs in Education, a passion of his.

Mayor Leppert holds an M.B.A. with Distinction from Harvard Business School and graduated cum laude from Claremont McKenna College in California where he served as student body president.

In 2006, Tom received the Global Cross Millennium Award for Corporate Environmental Leadership from Global Green USA and the Torch of Conscience Award from the American Jewish Congress.
 He and his wife Laura live in Dallas and have a son Christian and twins, Catherine and Ryan. They are members of Park Cities Baptist Church.

1 Hour Continuing Education

Post-Meeting II 2:45pm - 3:45pm

Internal Auditing-Recounting the Past/Rehearsing the Future
Howard J. Johnson - Former Dallas IIA Chapter President &
Former IIA Chairman of the Board

Below are the areas that Howard will cover during his presentation:

• Items of focus to successfully lead an internal audit staff these days; the emphasis will be around providing exceptional customer service to your audit clients
• How to have truly meaningful interaction with the Audit Committee
• Thoughts on significant changes in the internal audit profession the past couple decades
• “Reminiscents” and thoughts about the Dallas Chapter and the impact it has had on the Institute of Internal Auditors; the Dallas Chapter ought to be mighty proud!

Experience

• Lowe’s Companies, Inc.  2003 to 2006, VP of Internal Audit
• JCPenney Company 1974 to 2003, Internal Audit, the last 10 years as SVP on Internal Audit
• State of Wisconsin 1971to 1974, Governor’s office, auditing federal revenue sharing grants
• McGladrey, Hansen, Dunn & Co 1969, staff accountant

Education and Certifications

• University of Wisconsin, Bachelor of Business Administration, Accounting
• Certified Internal Auditor (CIA)
• Certified Public Accountant (CPA)

Professional Involvement

• PCAOB Standing Advisory Board 2006 to 2008
• Institute of Internal Auditors 1977 to present
• Chairman of the Board 1999 to 2000
• Executive Committee 1997 to 2002
• Research Foundation Trustee 2002-2008
• Governance Committee Chair 2008 to present
• Southern Region Director 1996 to 1998
• Dallas-Ft. Worth 57th International Conference Chair 1998
• Dallas Chapter President 1990 to 1991
• University of Wisconsin Accounting Advisory Board 1993 to 1997
• University of North Texas-Internal Audit Advisory Board 1989 to 1993

Awards

• Victor Z. Brink Award for outstanding contributions to the IIA 2002
• University of Wisconsin Distinguished Accounting Alumni Award 2003

1 Hour Continuing Education

Reception from 4:00pm to 6:00pm

Music by “Soul to Soul Review”

Featuring David Price, former Dallas IIA President

A reward that you can feel.

Dallas IIA monthly meetings are rewarding in their own right – whether for the great line up of speakers, the CPE credit, to network with colleagues, or to hone your skills with the new CORE Audit Skills Track (CAST), there are plenty of reasons to attend each month. This year, the Membership Committee is sweetening the deal even more: each monthly IIA meeting you attend increases your chance to win an iPod touch that will be awarded during our May meeting.

This meeting is being held at Cityplace Conference Center,
2711 North Haskell Street, Dallas, Texas 75204

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:

Place and confirm your reservation via the web site at http://www.dallasiia.org/Reserve_0209.htm.

Reservations must be received by 5:00 PM on Friday, January 30, 2009.

Registration Cancellation and No-Show Policy

• The deadline to cancel your registration is 11:00pm on the Tuesday prior to the luncheon.
• If you register for an event and do not cancel prior to the deadline, you will be charged for the event. If you did not pre-pay for the event, an invoice will be sent to you. You may alternatively send someone in your place.
• To cancel your registration, please send an email to CANCEL@dallasiia.org.

We Now Accept Credit Cards - Online Only

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 web site.  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 Abe Paul at treasurer@dallasiia.org.

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

Seminars

2009 Fraud Summit

Co-Sponsors:


Dallas Chapter AFCE

March 27, 2009

University of Texas at Dallas, School of Management

8 hours of CPE

Register Online - http://dallasiia.org/Seminar_Reserve_Fraud.htm - Last year's Fraud Summit sold out in three weeks in advance.  Be sure to register by January 31st for a discount.  The last day to register is March 16th, 2009.

Registration & Continental breakfast begin at 7:00
Program runs 8:00 to 5:00 with a cocktail hour immediately following

HOT TOPICS & SPEAKERS

• Our keynote speaker is Jim Ratley, the President of the Association of Certified Fraud Examiners
• Join us to hear leading experts discuss the new fraud landscape in the aftermath of the global financial crisis
• In the afternoon, participants will choose from a variety of breakout sessions to hone their fraud-detecting skills and learn how to apply what they have learned
• Advanced fraud techniques and case studies for those looking for more than just the basics PLUS: A SPECIAL SURPRISE GUEST!
  

• Payment is due at the time of registration.
• Price includes all materials, continental breakfast, refreshment breaks, lunch and cocktail hour.
• There is a $50 cancellation fee per registrant on cancellations received prior to February 1.  Refunds will not be granted after February 1, 2009, however, substitutions are permitted.
• Should you need to cancel or change your registration please contact Pamela Krakosky at pkrakosky@verizon.net  no later than noon the day before the meeting.

Proceeds benefit the Endorsed Internal Audit Program at UTD

Contact Renee Rasmussen and renee.rasmussen@utdallas.edu with any questions

CIA Programs

Ceremony to Honor New CIA’s

The Dallas Chapter will be honoring the 16 new CIA’s and three new CCSA’s who completed their examination requirements between July and September 2008 at the February 5, 2009 meeting. CIA and CCSA honorees will receive a free luncheon for them and a guest. Instructions on how to register for the meeting will be emailed to the honorees.

Congratulations to the following honorees!

Certified Internal Auditors (CIA)

• Gary Goldberg
• Yilan Hu
• Ali Subhani
• Todd Issacks
• Emily Hosek
• Roger Daw
• Melanie Finch
• Ruben Macias, Jr.
• Jon Voorhies
• Jeri Baker
• Jeffrey Garrett
• Allan Foster
• Jeremy Kendle
• Fernando Rosa
• Yingying Li
• Qian Wang

Certification in Control Self-Assessment (CCSA)

• Chandra McQueen
• Jackie Bain
• Jennifer Neilson

Members completing their exam requirements during the October – December time frame will be honored at an upcoming meeting. Certificates will be mailed before the meeting, but honorees will receive a free luncheon and a free luncheon for their guest. Information on registration for those members being honored will be emailed to them upon receipt of their certificates from the Institute of Internal Auditors.

Frequently Asked Questions

Q:  I haven’t received my certificate yet – where is it?

A:  Contact the IIA certification department: Email at certification@theiia.org or call 407-937-1100.

Q:  How do I register for the exam?

A: http://www.theiia.org/certification/certified-internal-auditor/certification-candidate-management-systems/

Mark Your Calendars!   2009 CIA Review Course Schedule

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.  Registration is now open.  For more information on how to register, please visit http://www.dallasiia.org/CIA_Review_S09.htm.

Register Online  Registration Deadline is January 28, 2009.

The course will be taught from 8:00 AM to 5:00 PM each day, according to the following schedule:

Costs:

Another CIA review course will be held in October 2009 and taught be Dr. Glen Sumners of LSU.  Courses will be held at The University of Texas at Dallas.  Registration will be announced in July 2009 for the October course.

Dates/Times:
October 2 - Part I 8-5
October 3 - Part II 8-5
October 4 - Part III 8-5
October 5 - Part III 8-12
October 5 - Part IV 1-5

Research Committee Update

The annual Research Committee Survey begins now! Please click the link below to review the directions and begin the survey. Remember, the survey is anonymous, but you need to enter a valid email address after you complete the survey to be entered into a drawing for one of five $50 gift cards to use wherever you like!

Thank you in advance for participating in the Research Committee Survey.

http://IIA-Research-Survey.questionpro.com

Exciting Times and Impact of Fraud!

Exciting Times and Impact of Fraud! This semester, UTD brings many exciting events for the IAEP program. Our annual Fraud seminar supporting the program is planned for March 27th, and will have some unique things not presented in previous years. If you have not yet signed up for the Fraud seminar, please register early to take advantage of the special pricing offered through January 31, 2009. The seminar will include a number of real life case studies, as well as three individual afternoon tracks.

The main barrier to increasing interest in the IAEP program at UTD remains the lack of knowledge of internal audit among the students. Many times, fraud grabs their attention. One course that has been very beneficial to the program and received interest among many students is a course in Forensic Accounting Investigations. The course has seen a significant increase in enrollment during this past year and continues to be a favorite among students. We are fortunate to have a practitioner with over 20 years experience teaching the course.

This semester in our Internal Audit class, our students have the opportunity to have hands on experience with internal audit by completing an in depth student project internship. Participants this semester include the City of Garland, UT Southwestern Medical, UT Dallas, City of Plano, Plano Independent Schools, and VHA.

To schedule a reception, site visit, interview, or peruse resumes, contact Mark Salamasick at 972-883-4729 or mark.salamasick@utdallas.edu. The student chapter will have resumes posted after February 4th and interviews beginning in mid-February. The student chapter website, including the student chapter resumes, can be found at www.utdallas.edu/orgs/iia. Please contact Mark Salamasick for the user id and 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 since January 1. 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, 2009.

Employment Opportunities

Ratliff Associates  (1/18/08)

Ratliff Associates, recruiters of Accounting and IT Professionals within the DFW area, is IMMEDIATELY seeking a Financial Auditor for a stable mid-size Dallas distributor offering excellent benefits, reasonable travel and a friendly environment!

General Summary: The Financial Auditor will conduct Financial, SOX and sometimes operations audits. The role will require strong analytical and presentation skills.

Requirements:

• Bachelors Degree required (Accounting, Finance or Business)
• 2+ years Financial and 1+ year SOX Audit experience required
• Certification (CPA, CIA) is a plus but is NOT required
• Previous experience with field level controls in a large corporate manufacturing and distribution environment preferred • Exposure to COSO guidelines preferred
• Strong communication skills are required (both written and verbal)
• Highly Analytical and Organized
• Excel and Word proficiency
• Able to travel up to 30 to 35% (all domestic)

Preferred:

• CIA or CPA certification a plus (NOT required)
• Distribution or Manufacturing industry experience preferred
• Excel and Word proficiency

Responsibilities:

• Conduct Financial Audits relating to all P&L Balance Sheet Accounts, Inventory, etc.
• Light Operations and Fraud Audits as needed.
• Continually monitor compliance with the existing system of internal controls and make recommendations for change as appropriate.
• Prepare written reports and findings summaries
• Develop positive relationships with all levels of employees based on mutual trust, respect, and a focus on common business objectives.

Compensation: Salary target $55k to $60k negotiable based upon experience level and past earnings history. Plus BONUS! Excellent benefits package. Candidates must be Permanent Residents or US Citizens as no sponsorship will be provided. Qualified candidates please send your confidential resume to connie@ratliffassociates.com.

Southwest Corporate Federal Credit Union  (1/18/08)

Staff Auditor

Brief Position Description:

The Staff Auditor position will provide internal audit support by assisting the Senior Auditor in the overall conduct of audits of assigned organizational and functional activities. Responsibilities will include, but not necessarily be limited to:

• Conduct, or assist in conducting, reviews of assigned organizational and functional activities.
• Evaluate the adequacy and effectiveness of the management controls over the activities audited.
• Determine whether organizational units are performing their planning, accounting, custodial, and/or control activities in compliance with management instructions, applicable regulations and statements of policy and procedures, and in the manner that is consistent with both company objectives and high standards of administrative practice.
• Plan and execute complete reviews of limited audit assignments, or conduct reviews of portions of extensive audit assignments, in accordance with accepted audit standards.
• Prepare audit work papers to thoroughly document the results of the audit examination and to provide support for the report of audit findings.
• Report audit findings and make recommendations for the correction of unsatisfactory conditions, improvements in operations, and reductions in cost.
• Perform, or assist in the performance of, special reviews at the request of the Board of Directors, Supervisory Committee, or executive management.
• Maintain effective working relationships with operating management.

The desired candidate will be a self motivated team player that is capable of working independently under the direction of the assigned auditor in charge. Innovation is encouraged in the ongoing pursuit of enhanced service delivery techniques. Prior work experience and/or exposure to information technology course work are also considered to be pluses.

Summary of Qualifications:

The desired candidate will at a minimum possess:

• A bachelor’s degree in accounting;
• A good understanding of internal audit processes and related methodologies.
• Strong interpersonal skills to include the ability to interface effectively with all levels of management and staff personnel.
• Strong written and verbal communication skills
• Strong project management and organizational skills.
• Ability to work with minimal supervision. -Working knowledge of Microsoft Office applications.

For consideration please e-mail resumes to: Employment@swcorp.org

Ensco International  (12/29/08)

Ensco International, a premier global drilling contractor and member of the S&P 500, is currently seeking a Manager – Audit for its corporate headquarters in Dallas, Texas. This newly-created position will be responsible for managing routine and highly complex operational, financial and information system audits, business process control reviews, internal controls, compliance to contracts, and external audit support.

Other responsibilities include, but are not limited to:

• Conducting comprehensive planning and risk assessments relating to each assignment to ensure that the engagement identifies potential business risks
• Providing expertise in auditing standards and performance criteria, audit requirements and information technology knowledge
• Performing critical project management responsibilities for full audit cycle completion including planning, scheduling, coordinating, reviewing and reporting and to ensure all agreed recommendations are subsequently implemented through documented follow-up audit procedures to achieve auditing objectives
• Developing and presenting complex audit reports using highly effective written communications, including the preparation and review of draft write-ups for the Audit Committee meetings
• Assisting with the preparation and/or leads component development of the annual audit plan including the identification of high risk areas within the organization and establishing priorities
• Designing and performing the development, documentation and review of audit work programs
  Participating in whistleblower investigations as appropriate
• Contributing to the governance process by managing the annual compliance survey to include process development, execution and follow-up

Qualifications include a Bachelor’s degree in Finance, Accounting, Business Administration, Economics or related subjects with a strong emphasis on internal auditing from an accredited college or university, plus eight or more years of related internal, external and/or information systems audit experience. Relevant work experience may be substituted for education. Professional certification (CPA, CIA or CISA) is required. Other required knowledge, skills, and abilities include:

• Consulting skills in the areas of disclosure controls and procedures, review and documentation, process mapping and process improvement
• Excellent verbal and written communication skills resulting in effective communications with clients, peers and management
• Expert level of knowledge of GAAP, COSO, SOX, FCPA and risk assessment principles, practices and trends
• Experience managing and developing staff in a highly interactive and collaborative team
• Excellent analytical, organizational and project management skills required including the ability to manage multiple and competing priorities, while maintaining attention to detail
• Transactional tax, FAS 109 and FIN 48 audit skills and experience preferred
• Knowledge of IT general controls and related audit experience preferred

Must be willing to travel both domestically and internationally as and when required, in support of job responsibilities

Candidates should apply via the Ensco website at www.enscointernational.com. Ensco is an equal employment opportunity employer.

Comments, questions, suggestions?
Contact the webmaster@dallasiia.org

© Dallas Chapter Institute of Internal Auditors
P. O. Box 261747, Plano, TX 75026-1747

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