eNews - February 2011

The President’s Letter

February is our annual “Student Day” meeting coordinated by the Academic Relations Committee. They have planned a great program featuring Steve Goepfert, past international chairman of the IIA and the VP of Audit at United Airlines. He will speak at lunch on effective strategies for attracting, identifying and retaining key talent. In the morning, a panel of professionals in diverse roles ranging from auditor to CAE to educator will address your questions and concerns about the profession, job market and more. In the afternoon, David Bruesehoff and Cynthia Brown of Ernst & Young will discuss how we present ourselves and discuss common etiquette pitfalls in the workplace.

As we welcome students from across the Metroplex to our meeting, I am very proud of the Dallas Chapter’s commitment to education and would like to share some little-known highlights:

  • The Dallas Chapter sponsored the first Internal Audit endowment in the world at the University of North Texas, raising about $400,000 from local companies in the 1990s
  • The Community Service Committee volunteers each year to guide the UNT student audit of a non-profit organization
  • Many Dallas IIA members volunteer as guest lecturers for the UNT and UTD internal audit courses
  • We support the UTD Student Chapter of the IIA, which has about 100 members
  • The Chapter has taken a leadership role in donating to the Internal Audit Academic Advancement Fund (IAAAF), contributing about $175,000 designated primarily to UTD from event proceeds and chapter funds. These donations also triggered about $150,000 of matching funds
  • We are working to establish the second-ever endowment for Internal Auditing, this time at the University of Texas at Dallas to support their IIA-recognized IAEP “Center for Internal Auditing Excellence.”

Lastly, I would like to remind you of the great Continuing Professional Education opportunities the Chapter offers you locally. It is quality CPE at a great value, and space it truly limited. As I draft this letter, the February SMART seminar and the Friday sessions of the UTD Fraud Summit are sold out, so be sure to register quickly for the Fraud Summit Thursday sessions and the May SMART seminar!

In addition, we just confirmed that UNT Internal Audit Professor and Dallas IIA board member Dr. Raymond Clay will present Ethics for Texas CPAs the afternoon of the April monthly meeting. I have attended his ethics training and it is an interesting course whether or not you are a CPA. Details, including the special rate for Dallas IIA members will be announced soon.

Marc Winandy
2010/11 President – Dallas IIA

Next Meeting - Thursday, February 3, 2011
Cityplace Conference Center

Annual Student Day

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

Finding the Next Superstar . . . Recruiting and Retaining MVPs
Steve Goepfert, CIA, CPA, Vice President Internal Audit (CAE), United Airlines, Inc.

Objectives: The traditional recruiting approach no longer secures top candidates. It’s time for a new tactic. So what do you do? United Airlines’ internal audit department has developed effective strategies for attracting, identifying and retaining key talent – including the C3 formula: culture, compensation and cooperation.

The purpose of this session is to provide ideas and strategies to help your organization secure the best talent no matter what industry you’re in.

Steve Goepfert is the Vice President - Internal Audit (Chief Auditor) for United Airlines in Chicago, Illinois. He assumed the role after the merger of United and Continental. He had previously been Chief Auditor at Continental Airlines for 21 years.

He was the 2006-2007 Chairman of the Board for the Institute of Internal Auditors, Inc. (IIA). He previously served as Senior Vice Chairman and Vice Chairman – Professional Services and is a past President of the Houston Chapter (1999-2000), and served on its Board since 1994. Steve has held industry audit posts including Chairman of the International Association of Airline Internal Auditors (IAAIA) in 1996 and Chairman of the Air Transport Association of America (ATA) Audit Panel in 2003.

Steve is a member of the LSU Center for Internal Auditing Advisory Board and serves or has served on the Texas A&M, University of Texas at Austin, University of Houston and Southern Illinois University at Carbondale Accounting Advisory Councils.

A CIA and CPA, he started his career with the Big 8 firm of Coopers & Lybrand, where he worked for over 5 years. Steve graduated with highest honors from Southern Illinois University. He was inducted into the SIU College of Business “Hall of Fame” in April 2010.

1 Hour Continuing Legal Education

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

A Panel Discussion on the IA Profession

Objectives: With recent economic developments, uncertainty in the job market and the forever changing demands of the audit and compliance universe, a number of questions linger on the state of our profession. If you are a recent graduate, or a new entrant to the profession, your list of concerns may be endless. A panel of professionals, with diverse backgrounds and experiences, will be available to address these concerns and more.

The purpose of this session is to discuss:

  • Job Market
  • Career choices within the profession
  • Certification and developmental opportunities
  • Additional questions raised by the participants

The moderator for this session will be Brian Amend, Managing Director, Sunera Management Consulting. Panelists for this session include:

  • Dennis McGuffie, Vice President of Audit Services, Tenet Healthcare Corporation
  • Debbie McKibben, Partner, PriceWaterhouseCoopers
  • Rory Rahn, Auditor, VHA
  • Mark Salamasick, Director of Center for Internal Auditing Excellence, University of Texas at Dallas School of Management

1 Hour Continuing Education

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

Business Etiquette: How to Walk, Talk and Act Like a Professional
David Bruesehoff and Cynthia Brown, E&Y

Objectives:  The purpose of this meeting is to learn the do’s and don’ts of how to conduct yourself in the business world. From that initial interview with a company to conducting business over lunch, David Bruesehoff and Cynthia Brown will guide you through common pitfalls regarding proper etiquette in the workplace.

David Bruesehoff serves as Southwest Area People Team Leader, functioning as the director of human resources for Texas, Oklahoma, Louisiana, Arkansas, Colorado and Arizona for Ernst & Young. His best practices in talent acquisition and innovation in retention strategies have been featured in the Wall Street Journal, Los Angeles Times, Boston Globe, and The Dallas Morning News as well as other publications. David has gathered a wide range of experience in HR from over 25 years as a senior HR professional in retail, healthcare, technology and professional services organizations. David holds a Bachelor’s Degree in Communications from California State University, Fullerton. He is also accredited by the Society of Human Resource Management as a Senior Professional in Human Resources (SPHR).

Cynthia Brown is a seasoned Human Resources professional experienced in strategic planning, consulting, employee relations, performance management, retention, recruiting, compensation and gender equity/diversity initiatives. She has more than 15 years of HR experience She has been with Ernst & Young, for nearly 10 years where she has held a variety of roles within Human Resources. Cynthia is a graduate of the University of Arkansas at Fayetteville, and is certified as a Professional in Human Resources (PHR). She lives in Dallas.

1 Hour Continuing Education

Online Registration Requirements

Last year, the Dallas Chapter made a change to the CPE process.  After attending an IIA meeting, an online evaluation is distributed via email.  When you click the link to the online evaluation, you can immediately prepare and print your CE certificate for that specific meeting.  We had an overwhelming positive response to this process improvement, and want to keep making improvements such as this to streamline our processes.

The Dallas Chapter now requires payment prior to confirming your registration.  Almost 90% of our attendees already pay through PayPal, so this is not a change for them.  If you need to pay by check, your check must be received prior to the meeting (see details below).  Our goal is to reduce the wait time at the check in tables, improve controls, and ease the reconciliation process on the back end.

As a friendly reminder and to provide clarification for our new members:

  • Registration cutoff is 5:00 pm CST on the Friday before the meeting (unless otherwise noted).
  • Payment must be received by the Friday before the meeting (unless otherwise noted).  Your registration is not confirmed until paid.  We strongly encourage you to pay via PayPal to confirm your registration.  If you are mailing a check, the envelope must be post marked 8 days prior to the meeting (i.e., on Wednesday the week prior to the Thursday meeting) to ensure we receive your payment on time.  If the envelope is not post marked within the required timeframe and is received late, you will be notified by email that a) the meeting is sold out or b) an additional $10 late fee per person will be assessed.  Only registrations paid by PayPal will be accepted on Thursday and Friday prior to the meeting.
  • If you miss the deadline to register and space is available, you can attend the meeting as a walk-in.  Before coming to the meeting, please check the website to see if we are accepting walk-ins since our meetings tend to sell out.
  • The deadline to cancel your registration is 5:00 pm CST on the Friday before the meeting (unless otherwise noted) to receive a refund.  If you do not cancel by the deadline, you may send a substitute in your place after notifying reservations@dallasiia.org.  The substitute will be required to pay an additional $10 if they are not a member of the Dallas Chapter.
  • All walk-ins will need to register at a separate table before the start of the meeting.  The walk-ins will be required to complete an on-site registration form which will include name, company name, address, and email address and can pay with cash or check made payable to the Dallas Chapter of The IIA for the applicable amount.

Registration: Place and confirm your reservation via the web site at http://www.dallasiia.org/Reserve_0211.htm.

The following are the current rates for our monthly meetings:

May 2015 Social Meeting Prices:

  • Dallas IIA Member $55
  • Other IIA Member or Non-member $65

NO WALK-INs will be allowed. Price includes up to 2 CPE and game ticket; there is no prorated price for attending just one of the meeting day sessions.

We will keep you posted as we continue to make improvements.  If you have any suggestions, please feel free to contact any of the officers of the Dallas Chapter.  Thanks for your cooperation!

Meeting Location:

Cityplace Conference Center,
2711 North Haskell Street, Dallas, Texas 75204

View Larger Map

Preferred Method:

Place and confirm your reservation via the web site at http://www.dallasiia.org/Reserve_0211.htm.

Pamela Krakosky

May 2015 Social Meeting Prices:

  • Dallas IIA Member $55
  • Other IIA Member or Non-member $65

NO WALK-INs will be allowed. Price includes up to 2 CPE and game ticket; there is no prorated price for attending just one of the meeting day sessions.

Reservations & Payment must be received by 5:00 PM on Friday, January 28, 2011.

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 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 the Registration Chair at reservations@dallasiia.org.

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

Chapter News

Research Request from Neighbor Chapter

The IIA San Antonio Chapter is currently conducting research to determine efficiencies gained and satisfaction with Automated Workpaper Documentation Software. As part of our research, we would like your help by completing a short survey on the topic. The survey link is below. The survey is currently open and will close on February 4, 2011.


We appreciate you taking the time to complete this survey.

Research Committee, San Antonio Chapter

Coming Soon – The 2011 International Professional Practices Framework (IPPF)

The IPPF has been updated to incorporate all changes and additional guidance since last issued in January 2009. The IIARF Bookstore is now taking orders for the updated IPPF copies can be ordered now for delivery in January.  http://www.theiia.org/bookstore/product/international-professional-practice-framework-2011-1533.cfm.

CPE Reporting Changes On The Horizon

As of January 2011, IIA-certified candidates seeking to report their continuing professional education (CPE) credits will be able to do so in the Certification Candidate Management System (CCMS), rather than on The IIA's website. Reporting CPE credits biennially is a simple step that helps professionals maintain use of their designation. The CPE reporting deadline is determined by an individual's IIA membership or customer ID number. IIA certified professionals whose membership or customer ID number ends with an even number (e.g., 00002) should report their CPE credits in even-numbered years (i.e., 2010, 2012, etc.). Those with odd-numbered IIA membership or customer ID numbers (e.g., 00001) should report in odd-numbered years (i.e., 2011, 2013). The reporting deadline for the prior two years is May 31 of the reporting year (e.g., candidates reporting in 2011 will report on credits earned during 2009–2010). IIA-certified professionals who fail to meet their CPE requirements by the reporting deadline automatically will be placed in an inactive status and may not use their designation. Members of The IIA can report their CPE credits free of charge. In January 2011, the processing fee for nonmembers will increase to US $100 for each certification.

For additional information, such as CPE requirements for IIA certifications, CPE reporting in CCMS, and a list of CPE opportunities, visit www.theiia.org/certification.

New Pricing Structure For IIA Certifications

The IIA has revised its pricing structure for certification fees, effective January 1, 2011. This new pricing structure will more accurately reflect the level of service our IIA Certification programs offer and is more comparable to similar professional certifications.

Certification Fee Structure, Effective January 1, 2011



Non Members

Application Fee



CIA Exam Part Fee



Speciality Exam (CCSA, CGAP, CCSA) Part Fee



Exam Part Rescheduling Fee (when exam part is rescheduled after initial appointment is made)



New Downloadable (And Free) Research From The Foundation (Members Only)

Two new reports from The Foundation present a conceptual model of internal audit effective-sizing for corporations and for colleges and universities. These reports are available as free downloads to IIA members:

Effective Sizing of Internal Audit Departments

Effective Sizing of Internal Audit Activities for College and Universities

IIA Research Foundation

The IIA Research Foundation has released the first two reports from the IIA’s Global Internal Audit Survey. Both of these reports are based on over 13,000 responses of IIA members and nonmembers in more than 100 countries.

Characteristics of an Internal Audit Activity examines the demographics and other attributes of the global population of internal auditors, as well as implications for future direction of the profession.

Core Competencies for Today’s Internal Auditor identifies the attributes of an effective internal audit activity and what internal auditors really need to know to perform their jobs with due care while adding value to their respective organizations.

These are free downloads for members and $25 per report for nonmembers. These can be located on the IIA’s website at http://www.theiia.org/research/research-reports/chronological-listing-research-reports/.

CIA Programs

CIA Review Course

The Spring Review Course, led by Dr. Glen Sumners, will be held April 8-11, 2011 at the UT Dallas School of Management. For registration information on the April course, please see the website at http://dallasiia.org/CIA_Review_S11.htm.

Congratulations to New CIAs, CFSAs, and CCSAs

Dallas Chapter Members completing their examination requirements in July, August, or September of 2010 were honored on at the January 13th Dallas Chapter Luncheon. Congratulations to the following:

Certified Internal Auditor® (CIA®)
Landon Adkins
Ben Babcock
Arturo Cornejo
Matt Fulgham
Deborah Helget
Kris Kavasch
Tim LaChiusa
LeAnne Magill
Charles Moffatt
Justice Rutanhira
Kaihui Shen
Wilfred Teo
Kyle Wess

Frequently Asked Questions

Q: I haven’t received my certificate yet – where is it?
A: The IIA sends out certificates to a Dallas Chapter representative each quarter. Those passing the exam between July and September 2010 should be received by December 2010. Those4 passing the exam between October 2010 and December 2010 should be received by March 2011.

If you do not receive your certificate by the above dates, contact the IIA’s certification department: certification@theiia.org, or call +1-407-937-1100.  In many instances, certificates are not received until the experience and education requirements are met.
Q: How do I register for the exam?
A: For more information, please visit the IIA’s website at http://www.theiia.org/certification/.

2010 - 2011 Seminars

Dallas Chapter Seminar Series

The Dallas Chapter of The IIA is pleased to announce SMART Training Courses for the upcoming year.  Our goal is to provide high quality training at a low cost for our members.  We are continuously planning the next courses so please make sure to check back here often for any updates.

SMART Training Courses
(Seminars on Mastering Audit Real-world Techniques)
Risk Based Auditing: A Value Add Proposition IIA Lead Instructor February 17-18, 2011 American Airlines
Advanced Operational Auditing IIA Lead Instructor May 24-25, 2011 JCPenney

We are able to bring these seminars to you for a low cost because IIA-member companies are providing their offices for the training sites.  If your company is interested in hosting a course and receive free registrations, please contact Pamela Krakosky at pkrakosky@verizon.net to find out more details.  And if you would like to recommend a course topic and/or instructor, please contact Pamela.

Risk Based Auditing:  A Value Add Proposition

Class is Full! If you register you will go on the wait list

Date: February 17 - 18, 2011 (Thursday and Friday)
Time: 8:30 am – 4:30 pm; check in begins at 8:00 am each day
Location: American Airlines (Details to follow)
Cost: Early Bird by December 31, 2010: $495
After December 31, 2010: $575

Price includes training materials, continental breakfast, lunch, snacks and beverages.

Payment is due at time of registration. We recommend that you pay through PayPal to confirm your registration.

CPE Credits: 16
Prerequisites: No advance preparation is required
Experience Level: All levels
  • Understand the importance of corporate governance and enterprise risk management
  • Identify risks to strategy
  • Define key business processes and objectives
  • Perform a risk assessment
  • Develop a risk-based assurance plan
  • Understand entity-wide controls and their relevance in the audit plan
  • Plan a risk-based engagement
Experience Level: Chief audit executives, audit directors, audit managers, audit team leaders, and internal auditors who want to initiate risk-based auditing in their organizations or improve their current internal audit processes.

Internal auditors and consultants who want to improve their skills in risk-based auditing approaches.

Overview: Internal auditing is a profession that’s always evolving, always changing, especially in the area of risk-based auditing approaches. This is why successful audit leaders know that it’s imperative that they continue to hone their skills in guiding their organizations’ risk-based auditing, while improving their current internal audit processes.

Through case studies, group discussions, round tables, and supplemental lectures, this seminar will help audit team leaders and other management level audit professionals align their organizations’ strategies, visions, and values with the internal audit process. Furthermore, participants will come to understand the importance of corporate governance and enterprise risk management, while learning to identify risks, perform risk assessments, develop a risk-based assurance plan, understand entity-wide controls, and plan a risk-based engagement.

Course Outline:
Role of Internal Auditing - By the end of this unit, you should be able to:
  • Identify the value of internal auditing.
  • Define internal auditing.
  • Describe the internal audit Standards related to risk-based auditing.
  • Discuss risk-based auditing in organizations.
Corporate Governance
  • Define corporate governance.
  • Identify Performance Standard 2110: Governance.
  • Identify the various aspects of corporate governance.
  • Identify Assurance Performance Standard 2110.A1 and the elements of a good ethics program.
  • Identify the areas an internal audit must assess, evaluate, and report on to assure adequate corporate governance.
Risk Management
  • Define enterprise risk management (ERM) and risk.
  • Identify the difference between inherent and residual risk.
  • Risk Management Assumptions
  • Identify the assumptions of risk management.
  • Identify the benefits of risk management.
  • Identify the categories of risk.
  • Identify Performance Standard 2120: Risk Management.
Control (and Risk) Frameworks
  • Define Performance Standard 2130: Control.
  • Identify the elements of COSO control and ERM frameworks.
  • Identify the internal control environment factors, risk management factors, control activity factors, information and communication factors, and monitoring factors.
  • Identify the limitations of internal control and factors which override control activities.
  • Identify roles and responsibilities in internal control.
Entity-wide Risk Assessment
  • Identify Assurance Performance Standard 2130.A1.Identify the process for performing an entity-wide risk assessment.
  • Define business process.
  • Identify the process of developing an audit plan.
Risk-based Audit Engagement
  • Identify the process of performing a risk-based engagement.
  • Identify the attributes of a business process definition or objective.
  • Identify the risk-to-business processes and risk events.
  • Identify the four common ways to manage risk.
  • Identify the definition of controls, the type of controls, and evaluation methods for controls.
  • Identify internal audit Standards 2210, 2210.A1, 2210.A2, 2210.A3, and 2240.
  • Identify the guidelines for reporting the results of a risk-based audit engagement.
Register: Go on the wait list at http://dallasiia.org/Seminar_Reserve_021711.htm

Please contact Pamela Krakosky at pkrakosky@verizon.net if you have any questions.

Instructors: IIA Lead Instructor - Internal audit practitioner who is a skilled facilitator
Deadline: February 10, 2011 is the last day to register.  Payment must be received by this date to confirm your registration.
Cancellation: There is a $50 cancellation fee per registrant on cancellations between February 1 and February 10. Refunds will not be granted after February 10, however, substitutions are permitted by notifying Pamela Krakosky.

Operational Auditing - Advanced

Class size is limited!

Date: May 24 - 25, 2011 (Tuesday and Wednesday)
Time: 8:30 am – 4:30 pm; check in begins at 8:00 am each day
Location: JCPenney (Details to Follow)
Cost: Early Bird by March 31, 2010: $495
After March 31, 2010: $575

Price includes training materials, continental breakfast, lunch, snacks and beverages.

Payment is due at time of registration. We recommend that you pay through PayPal to confirm your registration.

CPE Credits: 16
Prerequisites: No advance preparation is required
Experience Level: All levels
  • Learn more about the "alphabet-soup" organizations use to achieve objectives - COSO, CoCo, ISO, TQM, BSC, Six Sigma, etc.
  • Practice four specific operational audit tools, focused on risk, efficiency, self-assessment, and process flow analysis
  • Share your own operational audit experience with others, and hear their experiences in return
  • Discuss internal audit leading practices and common observations from external QAR's related to operational audits
  • Discuss the technologies that help enable the audit process - sampling, computer software and continuous monitoring
Experience Level: Auditors with 3+ years experience in Operational Auditing and a good understanding of control frameworks

Auditors in a position in their organizations to discuss the strategy and make decisions related to operational auditing approaches

Overview: Internal auditors routinely evaluate controls and influence organizational units well beyond the financial reporting and compliance worlds. Their experience and systematic, disciplined approach to evaluating controls brings real added value to their organization.

This seminar will help you extend your audit skill set to understand advanced operational control systems that go beyond basic management tools. The operational auditing tools in the course are real-world techniques that can improve the controls in your organization.

Operational auditing is not consulting, but the skill sets of an experienced operational auditor and a consultant are much the same.

This is an advanced operational auditing course, where you are expected to already know basic auditing and control concepts. We expect everyone attending to be able to share specific operational auditing tools their organization's use. For more basic operational auditing topics, you should attend the Operational Auditing- Introduction course before attending this course.

Course Outline:
Management Methodologies
  • Use the COSO framework to evaluate an operational area.
  • Understand the various methodologies organizations use to achieve objectives such as: ISO, Balanced Scorecards, and Six Sigma.
Case Study: Entity-Level Controls
  • Begin performing an operational audit by applying a control framework at the entity level.
Operational Auditing Methodologies
  • Identify some objectives of Performance Audits and steps used.
  • Identify the steps required using the Value Cost Improvement (VCI) tool and practice using these methodologies in an operational audit.
  • Recognize how a Control Self-Assessment (CSA) is used in an operational auditing tool.
  • Recognize how the “Six Questions” approach is used during an operational auditing tool.
  • Identify the steps used in Business Process Analysis.
Enhancing Audit Efficiencies and Effectiveness
  • Identify how technology, experts and consultants, and continuous auditing can improve audit effectiveness.
  • Recognize how Computer Assisted Audit Techniques (CAATs) are used in an operational audit.
Operational Auditing ROI
  • Identify leading practices and findings from external quality assessment reviews.
  • Understand internal audits responsibilities in detecting and investigating fraud.
  • Identify the elements that must be communicated in the final report and how to link components of internal control.
Register: Register at http://dallasiia.org/Seminar_Reserve_052411.htm

Please contact Pamela Krakosky at pkrakosky@verizon.net if you have any questions.

Instructors: IIA Lead Instructor - Internal audit practitioner who is a skilled facilitator
Deadline: May 15, 2011 is the last day to register.  Payment must be received by this date to confirm your registration.
Cancellation: There is a $50 cancellation fee per registrant on cancellations between May 1 and May 15. Refunds will not be granted after may 15, however, substitutions are permitted by notifying Pamela Krakosky.

Ethics Seminar

Dr. Raymond Clay will present Ethics for Texas CPAs course following the April 7 monthly meeting’s Lunch program. Non-CPAs are welcome and all attendees will earn 4 hours of CPE. Details, including special pricing for Dallas IIA members will be announced soon.

Personal and Professional Ethics

Course Description: A lively and thought-provoking course on a subject that is rarely considered in the context presented here. This is much more than a dialogue of the formal rules and regulations that govern members of the accounting profession. This course examines the basic principles of ethics that we all know quite well, but often fail to apply in our personal and professional lives. Ethical behavior involves more than mere knowledge of right and wrong. It also involves the motivation to alter inappropriate behavior. As the pressures related to career advancement and personal accomplishments mount, we tend to abandon the traits that are basic to success. This course is designed to help participants re-identify those traits and reexamine their behavioral priorities.

The course coverage is designed to help participants understand that adherence to the Code of Professional Conduct and the Rules embodied therein is critical to auditors in discharging the responsibilities they have to their employers, to their clients, and most importantly to the public. Dr. Clay’s entertaining approach makes the course enjoyable, informative, and most definitely thought provoking.

NOTE: This course is approved by the TSBPA and qualifies for the Texas CPA Ethics requirement.

The Objectives of this course are as follows:

  1. To identify and discuss ways in which auditors can go about achieving and maintaining high standards of ethical conduct.
  2. To examine the concepts of ethics and ethical reasoning and demonstrate the impact these concepts have on auditors and the work they perform.
  3. To present and discuss the core values of the profession -- integrity, objectivity, and independence -- from both an ethical and rules-based point of view.
  4. To emphasize the responsibilities of auditors to maintain and honor the public’s trust.
  5. To clarify and demonstrate the manner in which the Rules of Professional Conduct are intended to be applied by CPAs in a variety of professional situations.
  6. To discuss, through case analysis, the actions to be taken by auditors when faced with ethical dilemmas in their professional careers.

Dr. Raymond J. Clay, Jr., CPA currently holds the Internal Audit Professorship in Accounting at the University of North Texas and is a member of the Dallas IIA’s Board of Governors. 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.

Membership Updates

New Ways to Network

  NEW!!  The Dallas IIA Chapter is now on Twitter and will begin tweeting next week. Follow us at ... @thedallasIIA

The Dallas IIA launched a Facebook and LinkedIn group.  Brought to you by the membership committee, these tools will allow you another avenue to grow your online network, communicate with other Dallas IIA members, and stay on top of current chapter events.  LinkedIn is geared to professional networking; Facebook is used for both professional and social networking


  • If you already have a profile at either one of these websites, you can join the Dallas IIA group by searching for it.
  • If you don’t have a profile but would like to set one up, visit www.linkedin.com and / or www.facebook.com and follow the instructions.
  • If you have questions contact membership@dallasiia.org

The details on the Spring Membership Challenge will be announced during the February meeting. Be sure to attend... it will be a challenge you do not want to miss!

As a member of The IIA, you already know the value you receive, and now we’re giving you an incentive to tell your friends and colleagues about it!

With the new, year-round Recruit-a-Colleague membership program from The IIA, the more friends and colleagues you recruit to become members, the more chances you have to win free training and professional development! For complete program details, visit www.theiia.org/Recruit.

The Dallas IIA Chapter would like to extend a warm welcome to our new members who joined the Chapter since October 2010:

November 2010 New Members
Lisa Morrison
Jordan Schwertner
Robert Trampe
Kumar Shimpii
Rajendran Ramanathan
Alice Leang
Erin Bennett
Michael Guo
Bill Rhodes
Lane Spears
Joy Prescott
Amir Ali
David Butler
Irma Roark
Fred Cook
Danielle Lipes
Erin Fountain
Ngiyeh Chenyi
Rachael Broussard
Byron Luke
Laura Biland
Christopher Ritchie
Becky Willard
Tifani Talbert
Rebecca McCright

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 December 1, 2010. 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, 2011.

6th Annual Fraud Summit - Workshop and Conference-Workshops March 24, 2011 and Conference March 25, 2011

Sign up now! Sessions will close out once the conference and workshops reach capacity. We are also excited to let you know that in these times of rising prices, we are extending the 2010 Conference prices to the 2011 event so that the cost of this year’s event will be the same as last years.

The Fraud Summit has turned into a two-day event, as many of you requested to add seminars the day before. Last year, we had three workshops that filled up, and this year we have added a fourth. We have four outstanding seminars being offered, and each close out when they reach capacity of around 50 per session. Courtenay Thompson will do a session on, “Fraud Strategies and Tactics: A Workshop for Internal Auditors”. Brian Thomas from Weaver, LLC will do a workshop on, “Current Trends in Information Technology Fraud”. Deanna Sullivan will present a workshop on “Why do People Turn to the Dark Side?” Steve Pedneault will have a workshop on “Preventing and Detecting Employee Theft and Embezzlement”. For more details on the workshops, see PDF/6th_fraud_summit.pdff along with the registration for the workshops.

The conference itself has also expanded to provide even more value. We will have some exciting keynote speakers including Kurt Eichenwald, a well-renowned author and investigative journalist. Because Kurt is speaking, we will also provide a copy of his latest book, Conspiracy of Fools, which he will be signing after the presentation. We will also be offering other exciting speakers, and you will have the option to choose between 18 breakout sessions in the afternoon. The afternoon sessions will be full of real-life examples and with the latest techniques in fraud detection.

Friday's session is full.  You can be added to the wait list.  Thursday still has availablility..

Go to http://dallasiia.org/Seminar_Reserve_032411.htm, or if you have any questions contact Chris Linsteadt at chris.linsteadt@utdallas.edu..

Employment Opportunities

Hunt Consolidated Inc.  (1/24/11)

Hunt Consolidated Inc. is a recognized leader in oil and natural gas exploration and production, refining, real estate, power, and investments. For the right candidate we offer an exceptional opportunity in a dynamic, stable company with a family oriented work environment and great people. We are currently seeking a Senior Internal Auditor to join our team.


  • Lead operational, compliance, financial and information systems audits
  • Conduct and assist in planning work on assigned audits
  • Verify and analyze information while conducting reviews of organizational and functional activities
  • Evaluate the adequacy and effectiveness of internal controls
  • Report audit findings and make recommendations for improvements • Participate in special projects as needed


  • 4+ years internal audit experience
  • Audit experience in one or more of the following areas preferred but not required: Oil & Gas, Utilities and Capital Projects
  • Integrated audit experience
  • Bachelor degree in either Audit, Accounting or Finance
  • CPA or CIA certification and/or Big 4 experience helpful, but not required
  • Experience with Microsoft Office products, SAP/BW and ACL a plus
  • Ability to work independently with little day-to-day supervision
  • Excellent work ethics and interpersonal skills
  • Spanish language skills a plus
  • Up to 40% travel required, including international locations

If you are interested in working in a challenging environment for a stable company that offers competitive salary with an excellent comprehensive benefits package please visit our website at www.huntoil.com and select the Career Opportunities link to find the appropriate position. You can "Apply for this Position" or if you are already registered use your email and password and select "Add to my Jobs" to be considered for this opportunity.

For more details visit us at www.huntoil.com, ‘About Hunt Oil.’ Equal Opportunity Employer, M/F/V/D.

Tenet  (12/23/10)

Tenet, through its subsidiaries, owns and operates acute care hospitals and numerous related health care services. Our mission is to be recognized for our commitment to our people and partners who provide quality, innovative care to the patients we serve in our communities. It's a spirit you can experience first-hand and it's a philosophy that can enhance your own approach to health care and your career goals.

Senior Internal Auditor
Assist department management in identifying, analyzing and managing risks and opportunities, including:

  • Conducting work in the field and in the office to accomplish audit objectives identified during risk analyses.
  • Conducting audit follow-up activities.
  • Communicating results of audit projects to management and operations personnel directly involved with department projects, and as requested, to company senior management and the Audit Committee of the Board of Directors.
  • Adhering to the department's quality assurance process for planning, analysis, and documentation and reporting on all audit projects.


  • Bachelors degree in accounting or audit.
  • Minimum two years experience in audit/accounting; healthcare auditing a plus.
  • Professional certification (CPA, CIA, CISA) required.
  • Must be able to prioritize, multitask and work timely and effectively under taxing situations with minimal supervision
  • Must maintain absolute confidentiality and adherence to the IIA Standards and Code of Ethics
  • Ability to travel 25% - 30%

Please apply online at www.teamtenet.com
Click on Corporate and search for Requisition 1005020847

If you would like your employment opportunities to appear in this space or in the newsletter, eNews, please contact Chad Duncan at advertising@dallasiia.org.

This page was last updated on Thursday, February 19, 2015 at 03:21 AM PST.

For problems or comments concerning this information,
please contact the webmaster@dallasiia.org

© 1998-2015 Dallas Chapter Institute of Internal Auditors
P. O. Box 261747, Plano, TX 75026-1747

This page was last updated on Thursday, February 19, 2015 at 03:21 AM PST.

For problems or comments concerning this information,
please contact the webmaster@dallasiia.org

© 1998-2015 Dallas Chapter Institute of Internal Auditors
P. O. Box 261747, Plano, TX 75026-1747

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