Reservations must be received by noon on Friday, April 16, 2004 or a $5 late fee will be charged.
Those who register by the deadline and attend the Pre-Meeting will be able to "pre" check-in for the luncheon from 9:25am until 10:10 am.
We reserve the right to bill for "no-shows."
Please mark your calendar for the balance of the 2003-2004 chapter year:
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 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 Pamela Krakosky, 972-849-3440 or email@example.com.
After you place your reservation online, you will see the link to pay via PayPal if desired.
The Annual Dallas IIA Almost Free Seminar
Behavior & Communication Skills
Presented by Courtenay M. Thompson
The University of Texas at Dallas
School of Management Building
Join us for an exciting day!
Internal auditors are expected to do more in 2004 than ever before, in perhaps the most challenging environment of all times. Success at work and at home depends upon our ability to deal effectively with others. Auditors are charged with selling new ideas, introducing change and resolving conflict. This course is designed to help auditors better understand themselves and others, and offers specific suggestions so auditors can be more effective in achieving desired results. Examples and exercises are based upon actual internal audit situations.
Topics covered in this one-day course include:
This course combines participative lecture with exercises designed to reinforce and anchor learning points. Participants will learn and practice proven techniques for enhancing interactions and relationships.
This course is for auditors at all levels who want to improve their personal effectiveness in dealing with colleagues and auditees.
Fees are $35 for Members; $15 for Student Members; and $200 for Non-Members.
For questions or registration information, contact Jeff Seutter at Seutter1@comcast.net or 972-431-8906.
COURTENAY M. THOMPSON JR.
Courtenay Thompson is a recognized authority on training and development for internal auditors. Since entering the educational consulting field in 1981, he has written and presented courses for numerous corporations, government and professional associations.
Although best known for training auditors in effectively meeting the challenge of fraud, Courtenay also develops and conducts courses on improving audit effectiveness, behavior and communication skills. He is the co-developer of courses on audit and control of construction costs and health benefits administration. His courses are known for providing practical approaches to real problems encountered by internal auditors.
Mr. Thompson's experience prior to consulting includes public accounting, audit supervisor for consumer financial services for a large retailer, and director of auditing for a life insurance company.
Thompson received his BBA and MBA degrees from Southern Methodist University and is a Certified Public Accountant. He is a member of various accounting and auditing professional associations.
The Dallas Association of Certified Fraud Examiners’ 14th Annual Fraud Seminar, “Advanced Interviewing Techniques,” will be held on Friday, May 7, at CityPlace. Speakers are as follows:
Mac Fulfer will present “Amazing Face Reading.” For more information,
please refer to
Eight hours of continuing education credit, continental breakfast, lunch, snacks, etc, are included. The member and guest prices are $100 and $125, respectively, if paid in advance; or $125 and $150 on the day of the seminar.
To register, please contact Vickie Blair at FraudSolutions@aol.com or 972-772-9466.
NAFTA Seminar/Compliance Certificate Series
The International Trade Center is part of the Small Business Development Center network. It is a non-profit organization that is funded by a partnership of the Small Business Association, Dallas County Community College District, Greater Dallas Chamber of Commerce, and International Business Development.
The International Trade Center is presenting a global market series that focuses on import/export trade and includes compliance issues. The seminars have been approved for CPE/CPM credit.
BIS Licensing & Compliance Certificate Program*: This two-day seminar will address EAR structure and policy changes, all considerations of licensing process, compliance and record keeping. Date: June 2-3, Time: 8:00 a.m. - 4:30 p.m., Cost: $285 (if payment is received by May 12, the cost is $235). Classification Workshop: Half-day workshop Date: June 4, Time: 8:00 a.m. – Noon, Cost: $65 (if payment is received by May 12, the cost is $50). You must complete both full-day seminars, June 2-3, to earn the BIS Licensing & Compliance Certificate.
NAFTA Certificate Series: NAFTA has created significant opportunities for Texas Exporters. Don’t let the customs rules become a trade barrier! Seminar Topics include: NAFTA Rules of Origin, Customs Procedures, Marking & Labeling. Date: June 10, Session I Time: 8:00 a.m. –noon; Session II Time: 1:30 p.m. - 4:30 p.m., Cost: $90 ($45 per session). If payment is received by May 26, the cost is $80 ($40 per session).
Contact: 214-747-1300 or
www.iexportimport.com for more information.
New Dallas IIA Members
The Dallas IIA added 73 new members in the months of January, February and March! As the Chapter grows, so do the opportunities for networking and the sharing of knowledge. Please welcome the following new Chapter members:
Refer a New Member and You Might Cruise the Caribbean for Free!
The gentle lull of a rocking boat, the warmth of the tropical sun, the intoxicating smell of suntan lotion, and the sight of seabirds soaring overhead could be yours as the grand prize winner in The IIA's Refer-a-Friend Membership Drive.
Fill out the sponsor section of a special Membership Application and pass it on to prospective members, or send The IIA a list of prospects and we'll send them membership information and mention your name as their sponsor. For each new member you are credited with sponsoring before May 31, you will receive an entry in a drawing for an exciting seven-night Caribbean cruise for two. All participating members and new members will automatically receive a special IIA gift.
A Membership Application can be obtained on line at the IIA's Web site at https://www.theiia.org/iia/index.cfm?act=form.newmember
IIA Research Foundation – Update on Research Projects
The Research Foundation has instituted an Emerging Issues Series that is designed to provide internal audit practitioners with up-to-the-minute information and guidance, based on qualitative and quantifiable research. This Series advances The Foundation's goal to respond more quickly to important changes in the profession and get the results of the research into the hands of more people faster than ever before.
The first of the Series is entitled The Sarbanes-Oxley Act of 2002:
Effect on Audit Committee Meetings at Publicly Traded Companies.
This report is provided as a service to members of The IIA. IIA members may reproduce and distribute copies for use within their organizations. Non-members are asked to make a tax-deductible contribution (suggested amount of $40) to The IIA Research Foundation before downloading the files.
The second in the Series is expected to be issued shortly and will be entitled The Sarbanes-Oxley Act of 2002: Effect on Audit Committee Meetings at Organizations that are Not Publicly Traded.
FRAUD: Upcoming Publication Supplement
On May 7, 2004, the Dallas Business Journal will publish a special advertising supplement designed to educate local businesses and consumers on how to detect, report and deter all types of fraud. This supplement may be of interest to Chapter members.
Fraud Practitioners: If you are interested in reserving your advertising space, please contact Megan Harrison at 214-706-7134 or firstname.lastname@example.org. The space deadline is April 24, 2004. If you contact Ms. Harrison, be sure to mention that you saw this information in the Dallas Chapter IIA newsletter. The Dallas Business Journal reaches over 92,000 readers per week!
Please note: Dallas IIA is not sponsoring this supplement. It is noted here only as a sharing of information.
Endorsed Internal Audit Program Update at the University of Texas at Dallas – Upcoming Events
I would like to start by thanking everyone from the Dallas IIA Chapter for making this first year at UTD and the Endorsed IIA Program a big success! I know there is so much more we could do, but I feel like the students got a lot out of the involvement with the auditors of the Chapter.
In March, John Calhoun presented on SOX and the Whistle Blower Implementation for the Student Chapter. The students also continued to work on three audits at UTD.
April started with a bang and the first golf outing that the Student Chapter coordinated at the Firewheel Golf Course in Garland. The end of April is final exam week, so the students are busy completing projects, studying for the CIA and CISA, interviewing, and deciding what they want to do next year.
On April 16, the IIA Student Chapter has planned a Happy Hour at Jack’s Pub beginning at 5 p.m. For more information contact Roby Singh at 972-248-9092. Many students plan to attend and all auditors are also welcome to participate. In that same week, on April 14, we are having our second panel of six professional auditors to discuss: “Career Opportunities in Internal Audit.” These discussions are recruiting events for attracting students who want to learn more about internal audit.
A resume book of students in the UTD IIA Chapter is available. We have students available for internships or full-time internal audit positions. Most of them have been through the Internal Audit class. If you have a need for additional audit resources and would like to review the resumes you can contact Mark Salamasick at 972-883-4729 or email@example.com.
The new Endorsed Internal Audit Program is also designed to meet the needs of those employees transferring from other areas of the company to an internal audit role. The program also encourages audit practitioners who would like to get current on audit techniques and prepare for the CIA exam. The courses in “Internal Audit” and “IT Risk Management” are offered every fall and spring semester. In addition another new course is planned for this fall on “Analytical Reviews Using Audit Software.” If you are have interest in the program or the new course please contact Mark Salamasick. The new course will be offered on Saturdays during the 2004 fall semester.
Plans are being made for the upcoming Dallas IIA and North Texas ISACA Chapter meetings at UTD, in addition to a seminar with the Institute of Corporate Governance at the University. If you have ideas for additional activities during 2004, or would like to provide assistance, please contact Mark.
Free Audit and Assurance Software Expo Materials Available Online
At the conclusion of the March 11, "Making Sense of Audit and Assurance Software In The SarbOx Environment" expo, The IIA's North Jersey Chapter made all of the content available online for anyone to download. This was the first expo of its kind, bringing together 23 of the top audit and assurance software vendors and close to 200 participants. The expo was geared to auditors and financial analysts looking to:
Visit www.theiia.org/chapters/NJIIA for additional details and a link to all presentation materials, vendor information, and other free tools for downloading.
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 March, or earlier if not previously reported. Each speaking engagement on internal auditing that a Dallas Chapter member completes will earn the Chapter 1 credit per CPD hour. Each full article, Roundtable article, Fraud Finding, etc. submitted that meets basic editorial guidelines will earn 5 credits. For each full article published 20 credits are earned. Each internal audit related article published in any other trade or professional journal that is authored by a chapter member is 5 credits.
To report your writing and speaking go to http://dallasiia.org/Speaking.htm and complete the provided form by April 15, 2004. Contact Magdalena Kovats (214-777-0581 or firstname.lastname@example.org) if you have any questions.
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, email@example.com.
Audit Senior/Audit Specialist
Accountabilities of an Audit Specialist include planning and directing a wide range of complex audits of TXU's policies, procedures, and business processes using advanced audit expertise. Frequently using sophisticate audit and risk management techniques. Often times acting as Auditor-In-Charge (AIC) of an audit project team. Developing audit programs, planning and directing audits, preparing reports, briefing all levels of management and reviewing work papers for accuracy and completeness. Identifying business risks and providing advice, along with consulting management on internal controls to manage the business risks. Additional accountabilities include:
Affirmative Action/Equal Opportunity Employer
Project Audit Manager
Plan, lead and conduct complex business process audits of energy trading operations including trading, risk management, risk control, contract administration, credit and accounting to provide management and the Audit Committee an independent and objective assessment of the adequacy and effectiveness of the internal control environment.
Understand the policies, processes, procedures, risks and relationships of a wide array of functional areas- both individually, as they interrelate with each other, and their impact on the overall business control environment.
Understand industry best practices with respect to energy trading policies, processes and procedures.
Perform, manage and/or coordinate reviews and audits of a wide variety of areas including:
•Deal capture processes and control practices providing recommendations of control measures to ensure that the risks in all physical and financial instruments (e.g., forward contracts, derivative financial instruments including swaps, options, futures , and structured transactions) executed by energy trading have been disaggregated and captured in a central transaction management system.
•Deal confirmation processes and control practices to provide independent assurance to management that all transactions executed by trading and reflected in the transaction management system have been confirmed with the counterparty.
•Contract administration processes and control practices to ensure adequacy and effectiveness of the contract development, review and execution processes including specific provisions for notices, events of default, financial responsibility, failure to perform and remedies, term, form of confirmation and billing/payment.
•Forward price curve validation processes, methodologies and control practices to ensure price curves are developed for each traded commodity on an on-going basis, independently validated by Middle office personnel to represent fair market values and captured in a central system for use in daily mark-to-market valuations and other analysis by risk management and trading operations.
•Quantitative model development processes to determine the effectiveness of the application of internally developed valuation and pricing models (e.g., value-at-risk (VaR), cash flow-at-risk, stress testing, back testing, options, weather derivatives and credit VaR) and assess model certification processes and methodologies.
•Processes, procedures and assumptions of internally developed quantitative models designed to properly measure energy risk using Monte Carlo simulation including validation of the adequacy of confidence levels and time horizons, and identification of risks and limitations of models.
•Mark-to-market portfolio valuation processes and controls including an examination and assessment of the overall structure of the risk book (i.e., commodity, risk type, region, tenor, etc.), trends, analysis and valuation techniques to ensure consistency, appropriateness, applicability and integrity of valuation processes.
•Quarterly compliance audits of critical areas of risk management such as deal capture, confirmation, validation of forward price curves and mark-to-market valuations to provide assurance that established processes and control practices are operating as intended and provide assistance to external auditors in the quarterly review for 10-Q/K reporting.
•Coordinate integration of process reviews and control assessments with information system security and functionality audits to provide a more balanced view of overall systems application and business process risks and controls.
•Credit risk processes and controls to ensure that credit risk has been identified, measured, monitored, reported and mitigated in accordance with industry practice and corporate policy and procedures.
•Settlement processes with respect to physical and financial trades involving natural gas, power, coal, oil, emissions credits, weather derivatives and capacity auction with a variety of counterparties including ERCOT, ISO’s QSE’s, brokers, other affiliated entities and over-the-counter trading partners.
Develop written reports that succinctly explain complex business issues and associated recommendations for modifying policies, processes and/or procedures to mitigate risk and improve the control environment.
Prepare and deliver verbal presentations to senior management that summarize audit reviews and include the supporting business rationale for recommended policy, process or procedural changes.
Develop and maintain effective partnering relationships with business unit management.
Assist Portfolio Management in identifying and assessing business risks, controls, strengths and improvement opportunities by facilitating risk and control self-assessment workshops for front, middle and back office management.
Provide input and assist in preparation of annual Portfolio Management audit plan.
Provide support to internal audit management and, as requested, represent internal audit in monthly risk management forum or risk monitoring committee meetings with executive management of Energy Trading and Corp.
NATURE & SCOPE:
The primary role of internal audit is to provide management and the audit committee an independent assurance that business processes and controls are established and functioning as intended in accordance with sound risk management policy and procedures. The Project Audit Manager is required to provide the technical, managerial and professional expertise necessary to incorporate an understanding of the risk drivers into the preparation of risk based functional, operational and compliance audits of energy trading operations. Key activities include developing a more progressive value-added risk assurance orientation and maintaining effective working relationships with the officers of trading, risk management, accounting and credit as well as many mid-level directors and managers. The role of Project Audit Manager is challenged with a fluid target of risks that expand and contract as portfolio management implements process and system changes, expands into new commodities and markets, and interfaces with generation and retail systems and processes in deregulated markets.
Affirmative Action/Equal Opportunity Employer
SENIOR INTERNAL AUDITOR
At Parkland, we care about our patients and our employees. Parkland employs over 6,500 people and has full and part time job opportunities throughout the hospital and its community-based clinics. Parkland employees are a diverse team that depends on one another to provide quality health care to patients and improve the quality of life for employees. We welcome you to join us on our journey to continue to be the best.
SENIOR INTERNAL AUDITOR
Description: Conducts routine and more complex audits of specific operations requiring the development of data, interpretation of intangible or unusual factors, summarization of findings and presentation of recommendations and suggestions, and serves as the lead auditor when necessary.
Requirements: Must have a Bachelor's degree in Business with eighteen hours of Accounting courses plus five years of previous operational & financial audit experience in a healthcare environment; OR, must have a Bachelor's degree in Business with eighteen hours of Accounting courses plus six years of progressively responsible experience doing operational and financial audits in an internal audit environment.
Certification/Registration/Licensure: CIA preferred
To apply: Please send you resume to:
Parkland Health & Hospital System
Comments, questions, suggestions?
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