eNews - April 2012

Thursday, April 5, 2012

Efficiency Auditing

Meeting 12:30pm - 1:30pm
Lunch to start being served at 11:45
Registration begins at 11:30pm

Incorporating Lean Six Sigma into Your Audit Methodology
Yosief Ghirmai, CICA, CFE, Director of Internal Audit, Raytheon

Objectives:

An Audit Methodology utilizing Lean Six Sigma principles will produce efficient, high impact audits which provide value to the organization and shareholders.  Raytheon Six Sigma TM provides a common language throughout Raytheon and is a catalyst for creating positive change with a sense of urgency.  This presentation will allow you to:

• Understand the principles and history of Raytheon Six Sigma^TM
• Gain an understanding how the Lean Six Sigma principles can easily weave into your Internal Audit Methodology
• Identify benefits in audit efficiency and impact reporting from the use of Lean Six Sigma
• And appreciate how Raytheon Six Sigma^TM helps Internal Audit drive positive change within the organization.

No prerequisites required

Yosief Ghirmai is the Director of the West Region for the Corporate Internal Audit organization of Raytheon Company. Raytheon (NYSE: RTN), with 2011 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With headquarters in Waltham, Mass., Raytheon employs 71,000 people worldwide.

Yosief has traveled and worked around the globe in Asia Pacific, Latin America, Europe, Middle East and Africa. Working for multicultural companies he has developed an understanding of how to conduct business and communicate in a variety of cultures. Yosief has over 23 years of experience in internal and external audit experience which includes operational, financial, vendor, construction, joint interest auditing, and fraud examination.  He is multi-lingual with fluency in English and intermediate in Italian and Spanish. Yosief enjoys coaching and mentoring young professionals around the country.

Yosief has worked for Public Accounting and Corporate Internal Audit organizations at several Fortune 500 Companies including Alcatel, Arthur Andersen, Repsol / Maxus Energy Corporation and Lutheran Medical Hospital. His experience crosses many industries and domains, including telecommunications, oil & gas, banking and manufacturing.

Yosief holds a BA, with an accounting emphasis, from St Louis University, and a MBA from the University of Missouri.  Yosief is a member of the Institute of Internal Auditors, the Association of Certified Fraud Examiners, the Council of Petroleum Accountants Societies; Technology & Communication Group, and the National Association of Black Accounts, is a Six Sigma Specialist, a Certified Internal Control Auditor (CICA), and a Certified Fraud Examiner (CFE).

1 Hour Continuing Professional Education

Retail
Sherri Durst, CIA, VP of Internal Audit, 7-Eleven

Objective:  The objective of this brief presentation is to provide Insight into the best practices, organizational structure and types of audits performed by an Internal Audit department within the retail industry.

No prerequisites required.

Sherri Durst is Vice President of Internal Audit at 7-Eleven.  7-Eleven started out as an ice house in Dallas, Texas, in 1927, and is now the premier name and largest chain in the convenience retailing industry.  7-Eleven operates, franchises or licenses more than 9,100 7-Eleven® stores in North America. Globally, there are some 45,200 7-Eleven stores in 16 countries. During 2010, 7-Eleven stores worldwide generated total sales of more than $62.7 billion.

Sherri is responsible for the examination and evaluation of the adequacy and effectiveness of the company’s systems of risk management, corporate governance, and internal control. In addition to financial, operational, regulatory compliance and IT audits, her Internal Audit Team provides project assurance consultation services on the corporation’s major initiatives.

Before joining 7-Eleven in 2002, Sherri was with Oryx Energy Company for 10 years.  She served five years as general auditor and corporate officer, and directed significant business process re-engineering projects and system implementation efforts as the director of Financial Processes and Systems.  Sherri also gained an extensive background in accounting, internal control, project management and systems design at companies including Sun Company, Inc. and Home Interiors and Gifts.

Sherri earned a bachelor’s degree with honors in mathematics from the University of Texas at Arlington.  She is a Certified Internal Auditor, and is currently serving on the Board of Governors for the Dallas Chapter of the IIA. 
 On a personal note, Sherri is married (Ray) with one son and three grandchildren.  She enjoys her family activities, travelling and volunteer work as a Stephen Minister at her church.

No Continuing Professional Education credit

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

Opening and Closing Meeting Strategies
Chris Desjardins, CPA, Independent Consultant

Objectives:  Conducting successful opening and closing meetings is an essential skill for today’s Internal Auditors. These meetings allow the Internal Auditor to demonstrate their skill of communicating key issues to Management. This presentation will give insights and strategies for conducting opening and closing meetings to achieve successful audits.

Chris Desjardins has spent an entire career in internal audit, since graduating from Pace University in New York.  He is presently an independent consultant in internal auditing; primarily assisting companies in the start-up of their internal audit functions.  He came to Dallas to establish the audit function for Essilor of America and, for eleven years, grew it to offer services including traditional audits, compliance with the French SOX law, financial due diligence on acquisitions, as well as leadership and assistance in various corporate projects.

Mr. Desjardins gained operational experience during a brief stint as Plant Controller for a chemical manufacturer, turning around a business with a negative profit margin and no accounting systems.  During a two-year period there, he was audited five times.

Mr. Desjardins brings the perspective from both sides of the desk to present strategies for effective closing meetings.

1 Hour Continuing Professional Education

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

Audit Efficiency and Effectiveness - A Matter of Focus
Manny Rosenfeld, Vice president of Internal Audit, Commercial Metals Company

Objectives:  Internal Audit Departments have an obligation to help improve the Efficiency and Effectiveness of the organization they serve.   Good Internal Audit Departments have a further obligation to relentlessly and continually improve their own Efficiency and Effectiveness.  Furthermore, it is important to understand that any attempt to improve Efficiency, without an equal and corresponding emphasis on Effectiveness, is suboptimal and is likely to be counterproductive.  This presentation will allow you to:

• Gain an understanding as to why focus, and particularly risk focus, is essential to improving the Effectiveness and Efficiency (E&E) of your organization.
• Gain an understanding of some audit scope areas that can have a significant impact on the E&E of your organization.
• Gain an understanding of the E&E drivers, metrics, and guidelines, than can improve the E&E of the Internal Audit function.
• Gain an understanding as to how humor may be used to reduce the tone of self-righteousness that can accompany an effort to improve E&E.

No prerequisites required

Manny Rosenfeld serves as Vice President, Internal Audit and CAE for Commercial Metals Company (CMC).

CMC is a Fortune500 Company which manufactures, recycles and markets steel and metal products, related materials and services through a network including steel mini-mills, steel fabrication and processing plants, construction-related product warehouses, a copper tube mill, metal recycling facilities, and marketing and distribution offices in the United States and in strategic overseas markets.
Manny joined CMC Internal Audit in June 2006 and manages a staff of 20 auditors.  Prior to CMC, he was the VP of Internal Audit at TRW Automotive in Detroit and Navistar Corporation in Chicago, two Fortune 150 corporations.  During his prior 20 years with Alcoa, he was a Senior Internal Audit Manager, Process Improvement Senior Manager, Quality Consultant, Manager of Capital and Acquisitions, Audit Supervisor, and Management Sciences Consultant.  Over his career, he has led audit functions based in the US, Madrid, Sao Paulo, Bologna, Birmingham (UK), and Shanghai.

He is on the Board of Governors of the Dallas Chapter of the Institute of Internal Auditors.   Manny has also been active on the Steering Committee for KPMG’s Audit Executive Forum in Dallas, and is a member of Ernst and Young’s Enterprise Risk Management Roundtable program in Dallas.

Manny is a Certified Internal Auditor (CIA) and has a Certification in Risk Management Assessment (CRMA).  He is also a Lean / Six Sigma Black Belt.  Manny is currently pursuing Certified Fraud Examiner (CFE) credentials.  He graduated from Cornell University, where he received a BS in Industrial Engineering.  He also earned a Master of Engineering in Management Sciences and a MBA from Cornell University.

Manny and his wife, Louise, enjoy cooking international foods and going to interesting restaurants.  He also enjoys reading science fiction, mysteries, military history, and most branches of science.  Manny has travelled extensively throughout the world and speaks fluent Spanish.

1 Hour Continuing Professional Education

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

Applying Data Analytics to Efficiently Audit Vendors and Contractors
Paul Pettit, PMP, CIA, CPEA, Director of Capital Projects and Contracts, Protiviti

Objectives:  Each year, billions of dollars are spent by companies around the world to start up, operate and maintain their businesses. Of this spending, there are millions of dollars that are billed outside of contract terms, duplicative, or simply erroneous. With massive amounts of potential cost recoveries and the global economy forcing companies to be more efficient with resources, auditors must apply techniques such as data analytics to audit vendors and contractors for contract compliance. Using tools currently on your computer and asking the right questions of a vendor/ contractor can positively impact your bottom line with significant cost recoveries that can pay for your department and then some.

• Learn about key audit rights and gaining electronic access to vendor/contractor data,
• Find out why invoice data, job cost data and payroll data are important data files to obtain,
• Leverage tools such as Excel to efficiently audit electronic vendor/contractor data,
• Hear about actual data analysis techniques and “real life” findings that could be considered contract fraud if your vendors/contractors are knowingly billing you with the intent to defraud,
• Test 100% of the data instead of just samples, increasing your spend coverage and finding greater cost recoveries, and
• Showcase your audit department as an efficient, value adding function within your company.

No prerequisites required

Paul Pettit is a Director for Protiviti, a global business consulting and internal audit firm.  Since 1999, he has been involved in providing consulting and internal audit services within technical areas of organizations including engineering, procurement and construction.  Paul is the national leader of Protiviti’s Capital Projects & Contracts practice.

Mr. Pettit also worked for over nine years in the Engineering, Procurement and Construction (EPC) industry with a Leading EPC Contractor.  Mr. Pettit holds Masters degrees in Business and Environmental Management as well as a Bachelors degree in Civil/Mechanical Engineering Technology from the University of Houston.  He is certified as a Project Management Professional (PMP), Internal Auditor (CIA), and Professional EH&S Auditor (CPEA).  He is an accomplished speaker and has been designated the highest professional speaking designation by Toastmasters International in 2006, Distinguished Toastmaster (DTM).

Mr. Pettit has been a member of the IIA since 2000 and has spoken at many chapter IIA luncheons and seminars/roundtables around the country as well as national IIA conferences. He has also written articles and white papers on internal audit topics such as auditing high risk contracts and controlling costs as well as auditing environmental, health & safety programs.  He currently serves as IIA District Representative (South Region District #1).

1 Hour Continuing Professional Education

Meeting Location

Preferred Method:

Place and confirm your reservation via the web site at http://www.dallasiia.org/Reserve_0412.htm.

Reservations & Payment must be received by 5:00 PM on Friday, March 30, 2012.

Seminars

Mark Your Calendars for Dallas CPA Society May 4th Conference

The Dallas Chapter of IIA is joining with the Dallas CPA Society, the Dallas Chapters of FEI and TEI and the Tax Sections of the State Bar of Texas and Dallas Bar Association to present the 7th Annual Dallas CPA Society Education Conference on May 4, 2012, at the Hilton Anatole.  This one-day 8-hour conference will provide a selection of 42-courses on cutting-edge topics of current interest to CFOs, Controllers, Internal Auditors, Chief Accountants, Tax Directors, Vice Presidents of Finance and Practicing CPAs. 

The Conference will include a luncheon keynote address by U.S. Senator John Cornyn, member of the U.S. Senate Finance Committee, on "The Prospects of Post-Election Tax Reform."  Other panel participants at the Conference will include members of the Texas House and Senate, officials from the U.S. Securities & Exchange Commission, Internal Revenue Service, Texas Comptroller's Office, Texas Attorney General's Office and national speakers on accounting, auditing, tax, finance and human resource topics. 

Registration and a complete conference brochure will be available starting in late February at http://www.cpadallas.org.  Cost for the conference is $35.00 for IIA members that are also Dallas CPA Society members ($115 for IIA members who are not members of the Dallas CPA Society).  Cost includes lunch.  This conference is expected to sell out so please register early.

Chapter News

IIA Research Foundation

In the wake of the late-2000s global financial crisis, there is an increased focus on the role of the audit committee and information disclosed in a company’s financial statements.  Clearly, the audit committee’s role in ensuring accurate and transparent disclosure is more difficult and challenging than ever — given increased expectations by shareholders, regulators, and other stakeholders; heightened scrutiny when things go wrong; more responsibility for risk management, and more focus on the need for fraud prevention.

Audit Committee Effectiveness: What Works Best, 4th Edition, is intended to be a practical guide, providing information and best practices on topics that are most relevant to the audit committee to enhance performance and effectiveness.  This publication:

• provides insights and points of view from audit committee members, financial reporting experts, governance specialists, and internal audit directors;
• incorporates survey trends, allowing you to understand the financial reporting environment and how audit committees are responding;
• includes an Audit Committee Self-assessment Guide that captures the leading practices discussed in the report to aid in assessing audit committee performance and identify process changes to consider.

The bottom line is that people expect more from audit committees today, and this publication provides insight into leading practices that can help committees meet those expectations. This product is also available in paperback format.

The book can be ordered online at http://www.theiia.org/bookstore/product/audit-committee-effectiveness-what-works-best-4th-edition-download-pdf-1571.cfm.  (Item number 5000.4.dl, IIA member price - $35.00, non-member price - $75.00).

CIA Programs

Honoring Dallas Chapter New CIAs/CCSAs

Certification News from the IIA

Looking Ahead: Changes to the Certified Internal Auditor® Program in 2013

Beginning in Jan. 2012, certification candidates will benefit from two major enhancements to the certification testing process. The changes will be implemented as an effort to further streamline the testing process for candidates worldwide.

The first change involves the removal of the tutorial from the certification exams being delivered at Pearson VUE's testing centers. The tutorials are being moved to The IIA's website, www.globaliia.org. This change will enable candidates to take the tutorial in their language of choice, without any time limit. In addition, candidates can complete the tutorial as often as they like. By removing the tutorial from the exams, The IIA enables candidates to familiarize themselves with the computer-based testing (CBT) process prior to sitting for an exam, thus reducing test anxiety and enhancing exam candidates’ confidence.

The second change to the certification testing process is the removal of 10 trial (un-scored) questions per exam. For the CIA exam, for example, this will result in a total of 90 questions per exam. Because only the trial questions are being removed, this change will have no effect on candidates' calculated scores.
Due to the removal of the tutorial and the reduction in test questions, the testing window will be shortened by 30 minutes, reducing the CIA exam testing period from three hours to two hours and 30 minutes.

Enhanced Examination Process for IIA Certification Beginning in 2012

As the result of findings from a Job Analysis Study (JAS) for the CIA program conducted in 2011, the Professional Certifications Board (PCB) and the Board of Directors of The IIA have approved two key changes to the program. The JAS determined that the body of knowledge related to the profession of internal auditing has changed since the last exam content update in 2004, and therefore needs to be adjusted to reflect those changes.

The first change will impact the exam structure, reducing the program from four to three exam parts. With the reduction in parts, The IIA will be eliminating the recognition credit provision previously applicable to Part 4. The final change consists of a realignment of the exam content outline and question count for each part. Below is a brief overview of the new outline:

The new content and three-part exam structure are scheduled to be implemented by mid-2013. The IIA is currently working to finalize the transition process for those who are currently in the CIA program, and do not complete the program prior to the implementation of the new structure. Additional details related to the transition process will be made available at the beginning of 2012.

For more detailed information on the content outline, or to read our FAQ document, visit www.theiia.org/certification.

2013 CIA Exam Outline

Frequently Asked Questions about the 2013 Changes

IIA’s Certification in Risk Management Assurance™ (CRMA™) Off to a Running Start 

In October 2011, The Institute of Internal Auditors (IIA) began certifying qualified individuals for the Certification in Risk Management Assurance™ (CRMA™) through a “professional experience recognition” process. The IIA has received more than 1,000 applicants for certification through this process and has awarded 279 CRMAs as of Dec. 4, 2011.

This new certification was launched in response to research indicating that internal audit functions are increasingly involved in helping organizations improve their risk management processes. The CRMA designation enables audit practitioners and other risk-focused professionals to demonstrate their ability to provide advice and assurance to audit committees and executive management on the existence and effectiveness of key risk management and governance processes within their organizations. Candidates for the CRMA may submit proof of experience, related certification, and education in order to receive the professional designation now, in lieu of taking the certification exam that will be offered starting in June 2013.

On Jan. 1, 2012, there will be a US $75 increase to the CRMA certification application fee for CIA- and CCSA-certified individuals. For more information about the new CRMA designation, visit www.theiia.org/certification/crma.

Frequently Asked Questions

Membership Updates

The Dallas IIA Chapter would like to extend a warm welcome to our new members who joined the Chapter in February 2012:

Annual Social Event with the Fort Worth IIA Chapter

Back by popular demand, The Fort Worth and Dallas IIA chapters will be hosting the annual social event at the Ballpark in Arlington on May 17, 2012.  Grant Thornton is the sponsor and will be providing leading edge speakers on the following topics: "Trends and Emerging Issues in Internal Audit" by Warren W. Stippich, Jr., Grant Thornton & Priya Sarjoo and "Demystifying IT for the Financial Auditor" by Kirt A. Seale & Carrie L. Ellis.  The member registration price of $60 will include the following:

• Buffet Lunch
• 2 CPE hours
• Parking (if you arrive before 11am)
• 1 game ticket to the Texas Rangers v Oakland Athletics at 1:05pm

Register at  http://dallasiia.org/Reserve_051712.htm. There are only 200 seats available so be sure and register as soon as possible!

2011 – 2012 Membership Participation Drive

Be Rewarded... For attending monthly IIA meetings!

WHO IS ELIGIBLE?
All Dallas IIA chapter members attending chapter meetings during September 2011 - May 2012

HOW DOES IT WORK?
Attend monthly IIA lunch meetings to earn a drawing entry (i.e., one drawing entry per lunch meeting).  Attend more meetings this year for more chances to win the grand prize!

WHAT ARE THE PRIZES?

• The grand prize winner will receive… a brand new iPad!
• Four runners-up will receive… a $50 Gift Card!!

Please contact your membership chair’s with any questions! 
Marc Doyle (marc.doyle@protiviti.com) or
Valerie Mitsynskyy (valentina.mitsynskyy@fedex.com)

** Winners will be announced at the May 2012 meeting; you do not need to be present to win.

2011 – 2012 New Member Appreciation Drive

Be Rewarded... For joining the chapter in the 2011 – 2012 year!

WHO IS ELIGIBLE?
All new Dallas IIA chapter members who joined the chapter from May 2011 - April 2012.

WHAT ARE THE PRIZES?

• The grand prize winner will receive… a $100 Gift Card!
• Two runners-up will receive… a $50 Gift Card!!

Please contact your membership chair’s with any questions! 
Marc Doyle (marc.doyle@protiviti.com) or
Valerie Mitsynskyy (valentina.mitsynskyy@fedex.com)

** Winners will be announced at the May 2012 meeting; you do not need to be present to win.

Are You Connected?

Connect with the Dallas IIA and colleagues in the profession via social networking pages at the following links: Twitter, LinkedIn, and Facebook. Gain instant access to the latest chapter news and excitement!!

How are Dallas IIA Chapter Members Internal Auditing Heroes?

The IIA wants to hear how our chapter members have used the Internal Auditing Framework (IPPF) or any of the position papers, practice advisories, and practice guides from The IIA to become an internal auditing “hero” within their workplace. (Visit the "How Did the IPPF Make You a Hero" article for examples.)

Click here for the “I’m an Internal Auditing Hero Because . . .” form. Please complete and return to headquarters – this will provide CAP points to our chapter AND you may be featured in an upcoming IIA membership article. 
In addition, all entries received by Jan. 31, 2012 will be entered into a drawing for a US $100 IIA Research Foundation gift certificate, and the chapter of the winning entry will receive a complete set of the GTAG series to distribute as a door prize.

IIA Launches New Video-sharing Site

The IIA has launched AuditChannel.tv, a new video-sharing site, addressing the specific needs of internal auditors and the business community. With video channels focused on areas such as fraud, governance, risk, technology, operations, compliance, and more, AuditChannel.tv enables internal audit professionals worldwide to search for and post videos that address the topics of greatest interest to the profession. There’s even an entire channel for chapters!

As an IIA member, you are invited to register as a user at www.AuditChannel.tv or www.AuditChannel.tv/mobile (for mobile devices). Once registered, you can view, rate, and comment on the site's current content — and add your own. Contributing content is easy. Grab your mobile phone or sit in front of your webcam, film a short segment (two to five minutes in length), and post to AuditChannel.tv using the instructions provided on the site.

Collaborative Anti-Fraud Initiative Releases Online Quiz and Opportunity for CPE Credit!

The Center for Audit Quality (CAQ) has partnered with The IIA, Financial Executives International (FEI), and the National Association of Corporate Directors (NACD) for an “Anti-Fraud Initiative,” which endeavors to increase collaboration among members of the financial reporting supply chain. The first to release a collaboration tool is FEI with an online feature article in the November issue of Financial Executive magazine. The article is followed by an online quiz that offers a free CPE credit. After reading the article, be sure to create a profile to receive the free CPE credits. Read the article. There is also an additional fraud literacy quiz you can take to test your knowledge. Click here to begin the quiz. Read the full press release.

COSO Releases Update to Internal Control – Integrated Framework (Framework) for Public Comment

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has released a draft update to the Framework for public comment. Previously, COSO had engaged PriceWaterhouseCoopers (PwC) to author changes to the Framework in consideration of the evolving business environment and associated risks since its original publication in 1992. During this process, COSO worked with PwC on the update approaching ways organizations may adapt to increasing complexity and pace of change, mitigate risks to the achievement of objectives, and provide reliable information to support sound decision making. A broad range of professionals from industry as well as representatives and observers from academia, government agencies, and nonprofit organizations have provided a wealth of perspective on how the original Framework can be refreshed. While the Framework retains its core definition of internal control and the five components of a system of internal control, one of the most significant enhancements made is the codification of the original internal control concepts into 17 principles and supporting attributes that further support organizations as they apply judgment in managing risk and improving performance.

The comment period ends March 31, 2012. At which time, the Framework will be revised as necessary. Release of the final Framework is expected by November 2012.

To access the complete Internal Control-Integrated Framework, please visit www.ic.coso.org.

For an overview of the proposed revision, you are invited to attend a webinar hosted jointly by The American Institute of Certified Public Accountants and The IIA. During the Webinar, attendees will hear directly from members of the COSO board and the update taskforce. For more information and to register, click here .

IIA 2011–2012 Chairman of the Board Video: "Assess Our Relevance"

As The IIA’s chief spokesperson and advocate for the internal audit profession worldwide, Denny K. Beran, CIA, CCSA, CRMA, CPA, CFE , chose “Assess Our Relevance” as his 2011–2012 Chairman’s theme. He believes that internal auditors must continue to become more relevant to both their stakeholders and their profession.

As he speaks to The IIA’s constituents and 170,000 members around the globe, he will encourage fellow practitioners to assess their own relevance and to strive to be an indispensable asset to their organizations. You can view the chairman’s message on The IIA web site and download a high-resolution copy for your personal viewing.

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 February, 2012.  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 30, 2012

Employment Opportunities

Weaver and Tidwell  (3/11/12)

Weaver and Tidwell, LLP, a leading accounting and consulting firm headquartered in Fort Worth, Texas, has been in continuous practice for 60 years. Weaver is ranked as the largest regional independent accounting firm in the Southwest by Accounting Today Magazine, and is ranked among the top 50 firms in the nation by Public Accounting Report

At Weaver and Tidwell, LLP, your career journey will be both exciting and challenging. Weaver offers competitive benefits, flexible schedules, top salaries, a business casual environment, and 7 great locations throughout Texas: Fort Worth, Dallas, Houston, San Antonio, Austin, Midland, and Odessa. Whether your interest lies in developing skills in areas such as international tax, forensic accounting, wealth transfer, audits of publicly held companies, green e-attest services for energy companies, or corporate tax work and beyond, find the path that is right for you. Building your career involves the important step of selecting a firm that is not just an employer, but is also an advocate of your personal and professional growth. Weaver and Tidwell, LLP is that advocate, and we are proud to offer our team members an environment surrounded by people who are Driven, Like You.

AUDIT ADVISORY SENIOR- OIL & GAS

Weaver and Tidwell is seeking an Advisory Senior I Associate that will be responsible for day-to-day execution of engagement objectives on Advisory engagements. This role requires the ability to supervise 1-3 Associate staff members. This candidate must possess a greater than basic understanding of the COSO internal framework, and the Sarbanes-Oxley Act and the related requirements of Section 404, GAAP, GASS and IIA Standards. This candidate should also possess a greater than basic understanding of financial reporting, transaction cycles and business processes. CPA or CPA candidate; CIA or CIA candidate required (CPA preferred) with 2-5 years or more of public accounting experience, industry or a combination of public accounting and industry experience. Bachelors degree in Accounting, Finance, or related field required; Masters degree preferred. Experience in the Oil & Gas industry is preferred.

IT AUDIT SENIOR

Weaver and Tidwell is seeking an IT Audit Senior Associate that will be responsible for supervising 1-3 Associate staff members.  This candidate must possess a greater than basic understanding of fundamental layers of information systems including network infrastructure, computer operating systems, database management systems, and computer applications.  This candidate should also possess knowledge of IT controls and how they affect the control environment (COBIT, COSO, and related standards are preferred) as well as Sarbanes-Oxley Section 404.  CISA or CISA candidate, CIA or CIA candidate, and/or CPA or CPA candidate with 2-4 years or more equivalent auditing experience.  Bachelors degree in Accounting, Finance, or related field required; Masters degree preferred.

For immediate consideration for either position, please contact Michelle.Griffin@weaverllp.com or apply online @ http://www.weaverllp.com/Careers.aspx

Sunera  (3/6/12)

Sunera, a leading provider of Audit and IT Audit Services, is currently recruiting for candidates (both full time and temporary) for internal positions and current client needs.  We are currently looking for the following:

Experience:

• 3+ years of accounting and auditing experience with at least 1 year of public accounting experience is preferred but not required;
• Experienced with SOX and risk assessment methodologies;
• Information systems audit experience a plus

Education: 

• Bachelor or Masters degree with an emphasis in accounting, information systems or finance.
• Working towards CPA, CIA and/or CISA.

Skills:

• Strong interpersonal skills – ability to work closely with people at all levels of the organization and facilitate the implementation of corrective action;
• Ability to influence business partners and key stakeholders
• Excellent verbal and written communication and presentation skills
• Excellent organization and documentation skills and the ability to thrive in a fast-paced environment

Please contact Danny Goldberg for more information to set up an interview @ dgoldberg@sunera.com.

Hunt Consolidated  (3/3/12)

Hunt Career Opportunities

Internal Auditor

Description
We are currently seeking a full time Internal Auditor to join the Internal Audit department located in Dallas, Texas.

As an Internal Auditor, the selected candidate will be expected to:

• Perform operational, compliance, and financial 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.

Requirements:

• 2-4 years of audit experience in one or more of the following areas are preferred, but not required: Oil & Gas, Utilities and Capital Projects
• Bachelor’s degree in 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
• 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.

https://tbe.taleo.net/NA8/ats/careers/requisition.jsp?org=HUNTOIL&cws=1&rid=523

Valero Energy Corporation  (3/3/12)

IT Auditor*-1103229

Job Description

About Valero:

Valero Energy Corporation is a Fortune 50 company based in San Antonio, and through its subsidiaries is the world’s largest independent petroleum refiner and marketer. Valero supplies fuel and products that improve people’s lives with 16 refineries and 10 ethanol plants stretching from the U.S. West and Gulf coasts to Canada, United Kingdom and the Caribbean. Well-positioned pipelines and terminals allow Valero to deliver premium-quality clean fuels quickly, responsibly and efficiently. Our diversified product slate supports dozens of industries, from health care and plastics to transportation, beauty products and manufacturing.

Job Description:

Assists with delivery of services including risk assessments, system development reviews, integrated operational reviews, and general control reviews over a wide range of complex information technology areas. Assists in the execution of traditional audits over a variety of applications and platforms, requiring specific technical expertise in some cases. Performs audits and appraisals of Information Technology (IT) systems and evaluates the sufficiency of technical controls and operating procedures using the following: IT risk analysis; IT control identification and evaluation; IT audit program execution and integrated audit program execution; documentation of audit procedures, conclusions and findings; development of practical, feasible recommendations; and audit follow up to validate the implementation of recommendations. Provides auditing support for external IT audits of the Corporation as needed.

Qualifications

Job Requirements:

Bachelor's degree in Accounting, Management Information Systems (MIS), or a related field required. Minimum three years of internal auditing, public accounting, or information technology experience including one year of experience in IT audit required. General Computer Control audit experience required. Familiarity with IT audit and control objectives and the ability to apply such concepts to the Corporation's automated systems required. High degree of initiative and creativity required since each audit requires a different approach. Excellent oral and written communication skills required to interact with internal and external contacts. Experience auditing Application Specific controls (e.g., SAP, etc.) and/or Information Security concepts strongly preferred. Proficiency with Microsoft Office Suite (Office, Word, Excel, Access) required, with proficiency in database management software tools, data query tools (ACL), and SAP strongly preferred. CISA, CIA, CISSP, and other applicable certifications preferred. Specific experience in the refining and marketing business preferred.

Position level and salary will be commensurate with qualifications and experience.

Apply online to this position.

Ashford Hospitality Trust  (2/17/12)

Position:  Staff Internal Auditor, Ashford Hospitality

Summary: Responsible for performing individual internal audit projects, as part of the total internal audit plan, which includes evaluations of the company’s and third–party managers financial and operational control systems to determine compliance with established policies, procedures, laws and governmental regulatory agencies.

Required Qualifications:

• Understanding of internal control concepts and experience in applying them to plan, perform and report on the evaluation of various business processes/areas/functions
• Self-starter, ability to work independently
• Strong verbal and written communication skills, to effectively present to peers and management
• Business knowledge skills to sell ideas and obtain management buy-in for value-added recommendations or constructive change
• Understanding of internal auditing standards, COSO and risk assessment practices
• Understanding of the technical aspects of accounting and financial reporting
• Ability to perform multiple projects and work with team members and varying individuals while performing audits
• Analytical, detailed, problem-solving and strong interpersonal skills

Responsibilities:

• Performing all work in a competent and professional manner to include Ashford’s Five Guiding Principles (Ethical, Innovative, Profitable, Engaging and Tenacious)
• Plan, organize, perform and formally report on completed audits
• Adhere to Institute of Internal Auditors and Internal Audit Department performance standards
• Provide evidential support for all report recommendations
• Identify system control issues and provide value-added recommendations
  
• Make oral or written presentations to management during and at the conclusion of field work, discussing identified issues and recommending corrective action to resolve identified issues
• Prepare formal written reports, expressing opinions on the adequacy and effectiveness of the system and the efficiency with which activities are carried out

Interested and qualified candidates can forward their resume to Wendy Moran -  wmoran@ahtreit.com

Federal Reserve Bank of Dallas  (2/13/12)

JOB POSTING NOTICE
Federal Reserve Bank of Dallas

IT Auditor

LOCATION:  Dallas
JOB NUMBER #:  309
DEPARTMENT:  Audit
MINIMUM SALARY:  Market Priced

Primary Responsibilities
This position is responsible for auditing the processes, procedures and controls integrated into applications during development and in production; reporting on the state of compliance with policies, procedures and standards; and establishing and maintaining relationships with business units.  This position will also interact with various levels of management, other Federal Reserve System auditors, and external parties.

Responsibilities include:

• Develop and execute audit objectives/procedures to assess controls for new or existing IT assets/systems/processes, including developing criteria, reviewing and analyzing evidence; identifying and defining issues; documenting work in compliance with standards; making sound recommendations to enhance controls and efficiency; and reporting on results.
• Serve as auditor-in-charge of or assist on audit engagements.  As the auditor-in-charge, will direct and review the work of other audit team members to ensure compliance with departmental procedures and the Institute of Internal Auditors International Standards for the Professional Practice of Internal Auditing.
• Employ Federal Reserve endorsed risk assessment methodologies to gauge risks and drive work plans.
• Review new and existing standards, regulations, guidance, best practices, policies and customer initiatives to maintain expertise and add business value.
• Conduct data extraction, analysis, and security reviews utilizing software tools.
• Interface with all levels of management to assess operations and communicate results.
• Work with various groups to follow-up on issues until appropriately resolved.
• Build business relationships and act as an audit subject matter expert in assisting business owners.

Job Requirements

• Bachelor’s degree in Computer Science, Information Systems, Accounting/Finance, or a related discipline.
• Experience conducting risk assessments.
• Experience conducting SDLC reviews.
• Experience with current legal and regulatory requirements and guidance related to information security (e.g., SOX, FISMA, NIST, NSA, FDCC, ITIL, etc.)
• Proven ability to work on and lead audit engagement teams, devise and perform complex analyses, and prepare documentation which establishes objectives, issues, options, and recommendations.
• Strong understanding of system security (Microsoft Windows Server/AD/XP/Vista/7, Linux/UNIX, SQL, Oracle, SharePoint and WebSphere platforms).
• Strong understanding of IT controls, vulnerabilities, and assessment tools.
• Excellent interpersonal skills and the ability to work effectively as part of a team.
• Excellent written and oral communication and presentation skills.
• Superior organizational and time management skills.
• CISA, CISSP, MCSE, CPA, CIA or other related professional certification is a plus

Auditor

LOCATION:  Dallas
JOB NUMBER #:  310
DEPARTMENT:  Audit
MINIMUM SALARY:  Market Priced

Primary Responsibilities
This position is responsible for auditing the processes, procedures and controls within various business lines but with an emphasis in Financial Management; reporting on the state of compliance with policies, procedures and standards; and establishing and maintaining relationships with business units.  This position will also interact with various levels of management, other Federal Reserve System auditors, and external parties.

Responsibilities include:

• Develop and execute audit objectives/procedures to assess controls for new or existing operational areas primarily in the Financial Management business line, including developing criteria, reviewing and analyzing evidence; identifying and defining issues; documenting work in compliance with standards; making sound recommendations to enhance controls and efficiency; and reporting on results.
• Employ Federal Reserve endorsed risk assessment methodologies to gauge risks and drive work plans.
• Serve as auditor-in-charge of or assist on audit engagements.  As the auditor-in-charge, will direct and review the work of other audit team members to ensure compliance with departmental procedures and the Institute of Internal Auditors International Standards for the Professional Practice of Internal Auditing.
• Build business relationships and act as an audit/internal controls subject matter expert in assisting business owners in the Financial Management arena.
• Review new and existing standards, regulations, guidance, best practices, policies and customer initiatives to maintain expertise and add business value.
• Conduct data extraction, analysis, and security reviews utilizing software tools.
• Interact with all levels of management to assess operations and communicate results.
• Work with various groups to follow-up on issues until appropriately resolved.

Job Requirements

• Bachelor’s degree in Accounting or a related discipline.
• Working knowledge of Lawson Financials Software or extensive knowledge of generally accepted accounting principles.
• Experience conducting operational, financial and IT audits.
• Experience conducting risk assessments.
• Working knowledge of Sarbanes-Oxley legislation and associated public accounting standards.
• Proven ability to work on and lead audit engagement teams, devise and perform complex analyses, and prepare documentation which establishes objectives, issues, options, and recommendations.
• Strong understanding of financial and operational controls, vulnerabilities, and assessment tools.
• Excellent interpersonal skills and the ability to work effectively as part of a team.
• Excellent written and oral communication and presentation skills.
• Superior organizational and time management skills.
• Experience with Lawson Financials, PeopleSoft, or ImageNow a plus.
• CIA, CPA, CISA or other related professional certification is a plus.

Interested Candidates respond to: www.dallasfed.org 

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