May 2003

Tuesday, May 13, 2003
Dr. Pepper/7Up Ballpark
Frisco, Texas

Meeting 3:30pm
Registration begins at 3:00pm
Tickets will be available from 2:30 - 3:00

Business of Minor League Baseball

Shellie Johnson, Vice President of Communications,
Frisco Rough Riders

Join us at the May meeting for a behind the scenes look at the RoughRiders with Vice President of Communications, Shellie Johnson. Areas to be included:

• Who are the RoughRiders?
• What is the teams long term strategy for entertaining fans?
• Why Frisco?
• How did the plans for the ballpark take shape?

After the presentation, we will tour the ballpark to get a behind the scenes look at the RoughRiders.

Shellie Johnson, the Vice President of Communications, was raised in North Texas and previously held the position of Director of Communications with the Arlington Chamber of Commerce. Prior to working with the Arlington Chamber, Johnson spent more than ten years as a television news reporter in Omaha, NE; Amarillo, TX; Lexington, KY; Austin, TX; and locally for NBC 5. She has a Communications degree in Radio/Television from the University of Texas at Arlington. Johnson and her husband, Chris have two children: Ryan (ten) and Blakeley (7). She enjoys traveling, music, and sports.

Tour 4:30pm

Tour of Dr. Pepper/7Up Ballpark

Dinner and Awards Ceremony 6:00pm

Use your $5 food voucher to purchase your favorite ballpark food such as hotdogs, nachos, or pretzels and peanuts.

Game 7:00pm

Frisco Rough Riders vs. Arkansas Travelers

Families are Welcome!

Cost:

• Speaker and/or Tour only - $10.00
• All events - $15.00 (includes $5.00 food voucher and ticket to game)

Parking:

Members should park at the Stonebrier Mall (between Macy's and Nordstrom's) and enter the ballpark at the 3rd Base gate. After the game, the RoughRiders' shuttle will take everyone back to the Mall parking.

Directions:

The venue is at the intersection of the North Dallas Tollway and S.H. 121 in Frisco. Directions from around the Metroplex can be found at the RoughRiders' web site at http://dev.infinitydesign.net/virtual/ridersbaseball.com/httpdocs/stadium/directions/.

For additional information, e-mail Melinda.Lokey@TriadHospitals.com or CynthiBl@baylorhealth.edu.

This meeting is being held at Dr. Pepper/7UP Ballpark in Frisco, TX.

Preferred Method:

The best method to place and confirm your reservation is via the web site at http://www.dallasiia.org/May_03.htm#REG.

Secondary Method:

An optional method is to use the telephone, fax, or e-mail. However, a $2 phone/fax/e-mail fee will be assessed to each reservation.

Reservations must be received by 5:00pm on Thursday, May 1, 2003. After May 1, contact Cynthia Blease to see if any tickets are still available.

You may send a check to:

Treasurer, Dallas IIA
C/O Lynn Allsup
Credit Suisse Group, Audit Department
2727 Turtle Creek Blvd.
Dallas, TX 75219

Or, we will 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 Lynn Allsup, Treasurer, 214-559-1630 or Lynn.Allsup@RepubLink.com.

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

Chapter Seminars

Corporate Governance:
The Good, the Bad, and the Ugly
presented by Glenn E. Sumners, Director
Center for Internal Auditing
College of Business Administration
Louisiana State University

Recent events have focused attention on risks, controls, and corporate governance. Internal auditors play a significant role in addressing these challenges. As a profession, we must be knowledgeable about current events and best practices.

This seminar will provide a forum for sharing experiences with other professionals on a variety of current topics.

For additional details, please visit the website at http://dallasiia.org/Corp_Gov.htm
Seminar Content Detail
Dr. Sumners' Biography

Jefferson Wells International has some exciting and timely classes offered in the next couple of months. Please consider these classes as you prepare for Sarbanes-Oxley and your 2003 audit plan.

COSO-Based Internal Controls: A foundation for Sarbanes-Oxley Compliance

This workshop is perfect for those seeking a solid understanding of Sections 302 and 404 of the Sarbanes-Oxley Act. Participants will learn a variety of processes- many established by leading organizations- that can help them evaluate and improve their internal controls as they relate to Sarbanes-Oxley compliance. Additionally, the course will incorporate COSO’s Internal Control-Integrated Framework concepts, teaching participants how to evaluate their organization’s “soft” controls such as culture and ethical climate. This course will provide internal control evaluation techniques that can immediately benefit your organization!

This course is being offered by Jefferson Wells University in Dallas on June 18th. Seating is limited to 25 participants. (A second session may be offered on June 19th if needed.) The course is being held at Hackberry Creek Country Club in Irving. The cost of the course is $395 for the first attendee and $350 for each additional attendee from the same company. The course qualifies for 8 CPE credits.

Introduction to Audit Command Language (ACL)

ACL is one of the premier data analysis tools available for analyzing data during an audit. This basic level course has been designed to ensure you obtain the most meaningful and accurate results when using ACL during most any engagement. This hands-on-workshop will expand your skills using a wide range of ACL features including a detailed explanation and application of the most widely used ACL commands. This course will help to improve the efficiency and effectiveness of any of your internal audits.

This course is being offered by Jefferson Wells University in Dallas on May 22 and 23, 2003. The course will be offered at the Wyndham Garden at Market Center. The cost of the course is $750 for the first attendee and $695 for each additional attendee from the same company. The course qualifies for 16 CPE credits. Seating is extremely limited for this course.

Note: ACL is the registered trademark of ACL Services Limited. This workshop has not been authorized or certified by ACL Services Limited.

To register for either of these courses, please contact Marsha Roberts in the Dallas office of Jefferson Wells at 214-740-5500.

Chapter News

Report Your Speaking and Writing

It's time again for the survey to determine which IIA Dallas Chapter members have submitted articles or spoken during April, 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 May 15, 2003. Contact Magdalena Kovats (972-389-3344 or magdalena.kovats@mckesson.com) if you have any questions.

Phone Call Opt Out

If you want your name removed from our reminder phone call list, go to the chapter website. Click on the "Members" tab and then click on "Opt Out."

IIA Research Foundation

The IIA Research Foundation has recently issued a monograph entitled Research Opportunities in Internal Auditing (ROIA). This monograph was commissioned because of the increased role that internal audit would play as part of the solutions to corporate scandals (e.g., Enron) and the perceived breakdown in the systems of business reporting, internal control, and ethical behavior. The ROIA monograph both intended to serve as an inspiration for sound academic research on topics of interest and importance to internal auditing and to act as a communication bridge between academics and practitioners. To understand the ramifications of, and opportunities from, the new corporate governance environment, ten well-known and respected academics have written on the past, present, and future of internal auditing. The monograph contains the following eight subjects/chapters:

• Internal Auditing: History, Evolution, and Prospects
• Internal Audit and Organizational Governance
• The Internal Audit Function: An Integral Part of Organizational Governance
• Assurance and Consulting Services
• Auditing Risk Assessment and Risk Management Processes
• Managing the Internal Audit Function
• Independence and Objectivity: A Framework for Research Opportunities in Internal Auditing
• Internal Auditing's Systematic, Disciplined Process

At the end of each chapter are potential research questions. The Research Foundation hopes that this monograph will foster research on important issues to the public and the internal auditing community and intends to fund future research based on projects inspired by this monograph. It is available for downloading from the IIA website at www.theiia.org/ecm/iiarf.cfm?doc_id=3993.

Membership Updates

Update Member Information In Real Time - Keep your member record current with our real-time "Update Profile" feature. Using this interactive Web tool, IIA members can make changes online and See the results on-screen immediately after submission. This is the best way for you to ensure The IIA and your local chapter has the most accurate information. Check your record now https://www.theiia.org/iia/profile/index.cfm.

Please welcome our newest members:

Career Opportunities

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

• Brad Bates (chair) 214-840-7364 bbates@deloitte.com
• Fred Herman 214-273-0877 fherman@dynacare.com
• Rene Scott 972-855-4371 rscott@komen.com

Senior Internal Auditor

Lennox International, a Fortune 500 company located in Richardson, has an immediate need for a Senior Internal Auditor.

Requirements
Demonstrated ability to identify inherent process risks, define best mitigation practices, evaluate risk mitigation effectiveness of existing process design and operations, and identify and prioritize unmitigated residual risks.

Strong knowledge of generally accepted auditing standards (GAAS) accounting principles (GAAP) and ability to evaluate degree of compliance with GAAP. Knowledge should be evidenced by possession of a relevant professional certification (Certified Public Accountant or Certified Internal Auditor).

Strong customer service and teamwork orientation, including oral and written communication skills; relationship building; ability to listen to and empathize with other points of view; and ability to strengthen and build the internal audit team.

Bachelor’s degree in accounting, finance, or business.

Minimum of 2 years audit experience.

Professional certification (CPA/CIA).

Must be willing to travel a minimum of 60%, and be flexible to tolerate times when travel exceeds the 60% minimum.

Please send resumes to Bart.Edwards@Lennoxintl.com.

Job Title: Auditor I

Job Description:

BASIC FUNCTION:

Plans and conducts complex financial and operational audits to evaluate controls, financial systems and operating procedures. Follows normal audit procedures and guidelines and develops audit steps where necessary (with appropriate supervision). Documents weaknesses and other problems resulting in heightened business risk, while recommending solutions to such situations.

PRINCIPAL RESPONSIBILITIES:

• Plan, organize and conduct financial and operational audits at all ADS facilities, under the direction of the Vice President of Internal Audit and Audit Seniors.
• Areas to be audited include all aspects of transaction processing, statement generation, reconciliations, cash/treasury, corporate functions, client billing, systems of internal control.
• Evaluate audit findings and make recommendations to improve policies, procedures, efficiency and controls. Recommendations to management will be made verbally and in writing.
• Follow up on audit results and assist in the implementation of recommendations.

Experience:

Education:

Bachelor's Degree in Accounting, Finance or related field

Experience:

• 1 - 3 years Public Accounting, Internal Audit or other relevant experience
• Self starter, highly motivated
• Ability to work in a team collaborative environment
• Strong written and oral communication skills
• Demonstrated analytical and problem solving skills
• Familiarity with Word and Excel required; ACL and PeopleSoft a plus
• CPA or CIA a plus

Apply online at www.alliancedatasystems.com.

Xanser Corporation, a NYSE listed international service company, has an immediate need for a Senior Internal Auditor. Based in our Richardson headquarters, this position will assist the Director with assurance reviews in all aspects of corporate governance, compliance, risk assessment and mitigation. Responsibilities include implementation and performance of the annual audit plan, assisting in the evaluation of policies and procedures, determination of inconsistent or policy contravening practices, and recommendation of corrective action.

We require an accounting or business degree, three years related work experience and ability to travel approximately 35 percent of the time. Professional designation or work towards achievement is desirable.

Send resume and salary requirement to:

Kim Rash
Xanser Corporation
P.O. Box 650283
Dallas, TX 75265-0283
krash@xanser.com
(972) 699-4076 (fax)

Please visit:

Are you tired of the grind in public accounting? Do you have aspirations of a career track in corporate accounting to CFO? Are you a “great person” already working in a corporate accounting environment? If you answered “yes” to any of these questions, then read below:

Opportunity: Internal Auditor

Why it’s Great: This is a growth position with a Fortune 500 company and industry leader. The company has a solid track record of performance and financial stability. They offer attractive compensation, benefit and relocation packages to new team members.

The Person: They seek a new team member with a CPA or CIA (or current candidate), 1-3 years experience in audit and the ability to travel. They would also like the person to possess strong verbal communication skills, a high degree of proficiency in Microsoft Excel and graduated with above a 3.0 GPA from college.

Where is it: Dallas, TX

Moving Forward: If you feel you have the qualities this industry leader seeks in its new team member and want to start or continue a career in corporate accounting, then send us your information for this great opportunity.

When sending resume, do so in MS Word format. Please send resumes to:

Dean Doolittle, ddoolittle@phillipsintl.com

If you have any questions contact:

Dean Doolittle
Consultant
Phillips International
864-297-000
800-638-1661