eNews - June 2011

The President’s Letter

The Dallas Chapter’s 2010-11 fiscal year draws to a close at the end of May.  As we started planning last summer, attendance was dropping and we were concerned about a tough year.  We revised our budget to just break-even while increasing the number of programs.  I am happy to report things turned out much better thanks to the responsible stewardship and dedication of our officers, committee chairs, governors and member-volunteers!  Here are some highlights of the programs that the Dallas Chapter offered, all at very low cost:

  • Nine monthly meetings, with the opportunity for each member to earn up to 25 CPE hours.
  • Three SMART Seminars, offering a total of 56 hours of CPE.
  • An ethics seminar that qualified for the 4-hour Texas CPA requirement.
  • CIA review courses for all four sections – offered in both the Fall and the Spring.
  • The 6th Annual UTD Fraud Summit – for the second time it was a two day event!
  • One more event: The Annual Almost Free Seminar on June 21 at UTD, sponsored by Ernst & Young LLP.

You may notice that we have slowly and selectively invited sponsors to some events. Our annual social meeting with the Ft. Worth IIA has been sponsored for the last four years to defray the cost of entertainment at the ballpark or the race track.  For the first time, we have a sponsor for the Almost Free Seminar in order to offer that event at the namesake price.

Another major accomplishment this year was establishing an internal auditing endowment at the University of Texas at Dallas.  This is only the second IA endowment in the world, and both were established by the Dallas Chapter.  With the proceeds from the 2010 and 2011 Fraud Summits, JCPenney’s donation, and matching funds from the dean, the fund is already at $150,000!

I am proud of the Chapter’s accomplishments in 2010-11.  In spite of several challenges, the Chapter served members with quality CPE and continued our leadership position in supporting internal audit education.  As we end this year, I ask you to do three things:  Thank the volunteers, thank the sponsors, and continue to support the Chapter in 2011-12.

Marc Winandy
2010/11 President – Dallas IIA

Annual Almost Free Seminar
Tuesday June 21, 2011
UTD School of Management

Internal Audit: Transforming Business Performance
Sponsored by

7:30 – 8:00: Registration
8:00 – 5:30: Speaker Presentations (7 CPE)
5:30 - 7:00: Reception

Breakfast, lunch and breaks included

Costs: Dallas Chapter Members: $50
Non Members: $150 (Registration for non members opens up on 6/6/11; If a non member registers before 6/6/11, their registration will automatically be deleted and payment, if received, promptly refunded.)

Register at http://dallasiia.org/Reserve_0611.htm

Payment is due upon registration.  We recommended you pay through PayPal to confirm your registration.  However, it you are mailing a check it must be received within 5 days of registration or your registration may be canceled.

Deadline:  June 10 is the last day to register and all payments must be received by this date.  Refunds will not be granted after June 10, however, substitutions are permitted by notifying Pamela Krakosky at reservations@dallasiia.org.  NO WALK-INS WILL BE ALLOWED.

If you have any questions, please contact Pamela Krakosky at reservations@dallasiia.org.

Session I
Data Protection – Understanding the
Effectiveness of a Data Protection Program
Anil Markose, Senior Manager

Objectives: The purpose of this session is to provide attendee with a basic understanding of Data Protection to be able to evaluate the effectiveness of an existing program.  For many organizations, data protection is a challenge and often, the hardest part is not know how to look at their existing program and determine its effectiveness.  Understanding the current program's strengths and weaknesses will allow the organization to spend resources and time effectively.

The purpose of this session is for attendees to learn:

  • Understand the basic components of a data protection program
  • Common challenges for most organization related to data protection
  • Techniques for assessing the effectiveness of a data protection program

Anil Markose is a Senior Manager with Ernst & Young’s Advisory Services based in Dallas, TX.  Anil has been with Ernst & Young for over 6 years focused on helping clients to manage IT risks and improve their IT security posture.

He has worked on numerous projects related to Information Security, IT Audit, and Strategic Records Management in multiple industries.   In addition, Anil helps to lead the firm’s methodology and services around Data Loss Prevention (DLP) and IT Risk Management, specifically focusing on program builds, risk assessments and technology enablement.

Prior to joining Ernst & Young, Anil was a Communications Engineering Officer in the United States Air Force for 4 years, specializing in IT Operations Management and Information Security.  He is a veteran with two combat tours to Iraq in support of Operation Iraqi Freedom.

Session II
Transforming Internal Audit to Drive Performance
Kevin Corbett, Partner

Internal Audit needs to become an integral part of driving and supporting business strategy. But how can the function quickly break out of the compliance chrysalis and evolve into a fully fledged leadership role that delivers real value to your business.

Objectives:  This session will provide a forum for participants to discuss approaches to:

  • Integrating with Enterprise Risk Management (ERM) by both identifying the risks that matter and driving the form and structure of the audit response
  • Re-engineering audit responses using techniques ranging from verbal audit responses to business education
  • Conduct value-added audits and changing "internal audit as a cost" to "internal audit as a good investment"
  • Using the transformation model to quickly create a balanced focus between compliance and business improvement while defining and developing the additional competencies and behaviors required for strategic leadership

Kevin Corbett, CPA is a Risk Partner for Ernst & Young’s Advisory Practice of the Southwest Area.  Kevin has over 30 years serving both public and private clients in the Energy and Banking industries.  For the past ten years, Kevin has focused on helping clients manage risk and change within their organizations. Kevin holds a Bachelor of Science degree in Accounting from Oklahoma State University, where he serves on the School of Accounting Advisory Board and the OSU Foundation Board of Governors.

Session III
Conflict Management/Emotional Intelligence
Beth Williams, SWSA Inclusiveness Leader

“Your ability to recognize and understand your emotions and your skill at using this awareness to manage yourself and your relationship with others”-- – Drs. Travis Brandberry & Jean Greaves

Objectives:  This session will provide a forum for participants to discuss:

  • Gain revealing insights into what compels people to act the way they do
  • Become more confident when interacting with colleagues, team members, and superiors
  • Determine your current level of emotional intelligence, self awareness, and self management
  • Defuse tense situations, mediate conflicts, and improve relationships

Beth Williams currently serves as Ernst & Young's Southwest Area's Inclusiveness & Diversity Leader.  In her role, Beth works across the 12 offices in the region to foster and maintain a diverse workplace culture where all EY people can achieve their potential.  Over her 12 years at the firm, she has been part of the HR team as  a recruiter, HR generalist, and retention specialist.  These positions gave her the expertise in 2006 to become the leader of the D&I efforts working primarily on assisting leadership with the creation of the strategy and execution plan to continue to create an inclusiveness environment at Ernst & Young through mentoring,

counseling, teaming, People Resource Networks, and other initiatives.  She also works directly with the firm's Americas Vice Chair of People as the Project Manager for the People Advisory Forum, a cross section group across the firm to give feedback about people efforts across the Americas.

Beth grew up in a small town in Southeast Arkansas; she graduated with honors from University of Arkansas and moved to Dallas in 1996.  She worked for a marketing firm and Information Technology recruiting firm prior to Ernst & Young. She enjoys spending time with family and friends.  Her most cherished role - being an aunt to a nephew (Garrett, 10) and niece (Ella, 7) as well as being "mom" to two four legged daughters (a Westie, Adda, and Australian Sheppard, Molly).

Session IV
Integrating Leading Anti-Fraud and Anti-Bribery
& Corruption Analytics into Your Compliance Program
Daniel Torpey, Partner and Vincent Walden, Senior Manager

Objectives: This session will provide a forum for participants to discuss:

  • Current Legal & Regulatory Environment Around FCPA and Corruption
  • Who Owns Fraud in Your Organization?  Key components of an effective anti-fraud program
  • New ideas on effective use of data analytics to prevent & detect fraud, bribery & corruption
  • Key components of an effective third party, vendor vetting due diligence program

Vincent Walden is a Senior Manager specializing in forensic technology and fraud detection analytics.  With a focus on text analytics, forensic data mining and electronic discovery services, Vincent has over fourteen years of experience handling the information management, forensic analysis and electronic discovery needs for large scale, complex litigations, investigations and proactive anti-fraud programs.  Vincent is experienced with providing clients leading anti-fraud based innovation, research and analytics, including, Fraud Triangle analytics, link analysis, text data mining, and cluster analysis that seek to identify or predict fraud risk variables, data anomalies or data inefficiencies that can lead to unnecessary costs or enterprise risks.

Prior to joining Ernst & Young, Mr. Walden spent five years specializing in litigation technology supporting investigative and legal matters at another Big Four firm.  Before that, he served as president and CEO of a privately funded Internet company, which was subsequently sold to a large accounting firm specializing in economic and dispute advisory services.

Session V
Borderless Security
Tushar Padhiar, Senior Manager

Objectives:  The objective of this session is to educate attendees on:

  • Security risks related to virtualization and cloud computing, mobile computing, and social media as many organizations are still trying to understand the impact of risks associated with these technologies.
  • Understanding these risks better will allow organizations to perform higher quality risk assessments and better focus their audit and compliance efforts.

Tushar Padhiar is a Senior Manager in the Advisory Services practice of Ernst & Young LLP.  Tushar has 14 years experience in information systems and systems security.  Areas in which Tushar specializes include: policy development; identity and access management, security organization design, security architecture, and network security.  Tushar has worked for clients across multiple industries including  Global 50 Diversified Media and Entertainment Clients, Fortune 100 Technology Distribution Organizations, Fortune 50 Diversified Financial Services Organizations, and Large Diversified Mortgage Companies, and private universities.

Session VI
Adding Value Beyond Assurance Panel
Moderator: Kevin Corbett, Partner
Panel: Industry Professionals

Objectives: This session will provide a forum for participants to discuss:

  • Discuss business process improvement projects/consulting projects
  • Learn how this approach gains senior leadership support to expand projects into supporting the company's strategic initiatives
  •  Share specific examples of projects that have added value outside of the traditional compliance work

Kevin Corbett, CPA is a Risk Partner for Ernst & Young’s Advisory Practice of the Southwest Area.  Kevin has over 30 years serving both public and private clients in the Energy and Banking industries.  For the past ten years, Kevin has focused on helping clients manage risk and change within their organizations. Kevin holds a Bachelor of Science degree in Accounting from Oklahoma State University, where he serves on the School of Accounting Advisory Board and the OSU Foundation Board of Governors.

Meeting Location:

UTD School of Management (SOM)  A map with directions to UTD can be found at: http://www.utdallas.edu/campusmap.html

Preferred Method:

Place and confirm your reservation via the web site at http://www.dallasiia.org/Reserve_0611.htm.

Pamela Krakosky
Costs: Dallas Chapter Members: $50
Non Members: $150
(Registration for non members opens up on 6/6/11)

Reservations & Payment must be received by 5:00 PM on Friday, June 10 2011.

Chapter News

IIA Research Foundation

The IIA Research Foundation has released the following additional results from the Global Internal Audit Survey:

  • Measuring Internal Auditing’s Value - focuses on the value of internal auditing under dynamic business conditions by presenting the key elements, criteria, and drivers of the value delivered by an internal audit activity and what needs to be done to maintain the profession’s continuing relevance.
  • What’s Next for Internal Auditing? - provides forward-looking insight identifying perceived changes in the roles of the internal audit activity over the next five years, changing stakeholder expectations, and what internal auditing must do to adapt itself in a resilient fashion.
  • Imperatives for Change: The IIA’s Global Internal Audit Survey in Action - contains conclusions, observations, and recommendations for the internal audit activity to anticipate and match organizations’ fast-changing needs to strategically position the profession for the long term.
  • A Call to Action: Stakeholders’ Expectations and Perceptions Study - offers helpful insights and actionable intelligence to internal audit professionals, especially chief audit executives (CAEs) and other internal audit leaders. It also contains relevant information for boards of directors, CEOs, chief financial officers (CFOs), general counsel, external auditors, suppliers and customers, regulators, and members of the investing public to get better educated about the promise and potential of the internal audit profession in advancing organizational governance.

These are free downloads for members or can be purchased for $25 per report for members and $45 for non-members.  They can be located on the IIA’s website at http://www.theiia.org/research/research-reports/alphabetical-listing-research-reports/

CIA Programs

CIA Review Course

The Fall CIA Review Course, led by Dr. Glen Sumners, will be held September 23-26, 2011 at the UT Dallas School of Management.  Registration information will be available this summer.  See website at http://dallasiia.org/Certifications.htm for updated registration information.

Honoring Dallas Chapter New CIA’s and CCSA’s

The Dallas Chapter will honor those completing their certification requirements between January and March 2011 at the September 2011 luncheon.  Certificates will be mailed by the Institute of Internal Auditors. Honorees will be contacted in August with further details on how to register for the luncheon.

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 April and June 2011 should be received around July 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/.

Spring 2011 Membership Challenge – iPad Drawing 21 June 2011


We would like to thank everyone who participated in the Spring 2011 Dallas IIA Membership Challenge. Those that qualified for the iPad drawing, which will be held at the Almost Free Seminar, were notified via email this week.

Continue to read the eNews for future challenges and membership information.

If you have any questions, please contact Shakeya McDow (shakeya.mcdow@ey.com) or Jason Von Holstein (jason.vonholstein@protiviti.com).

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 March 1, 2011. 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 June 15, 2011.

Employment Opportunities

Southwest Securities Group, Inc. (4/29/11)

SWS Group, Inc. (NYSE-SWS) is a Dallas-based, full-service securities and banking firm that delivers a broad range of investment and related financial services through its subsidiaries: Southwest Securities, Inc., Southwest Securities Bank, SWS Financial Services, Inc., May Financial Corporation, and SWS Capital Corporation. Clients of the company include individual and institutional investors, broker/dealers, corporations, governmental entities and financial intermediaries. The company's common stock is listed and traded on the New York Stock Exchange under the symbol SWS. 

SWS Group is an Equal Opportunity Employer.


We currently have an opportunity for a Senior Internal Auditor in our banking subsidiary to complement our existing Corporate Audit group. The ideal candidate will bring prior knowledge and expertise of banking in all areas of business controls and processes, auditing and accounting theory and Sarbanes-Oxley guidelines.  The department is comprised of a Director, Manager, four audit professionals and two stock record control coordinators.

Position Description:
  • Responsible for planning and performing financial and operational reviews.
  • Evaluate internal controls and provide recommendations resulting in cost-effective, value added and timely recommendations to management.
  • Develop and revise audit objectives and work programs to effectively and efficiently test internal controls.
  • Perform audit field work in accordance with the Institute of Internal Auditor’s
  • Standards, the approved audit work program, the audit schedule, and budgeted hours.
  • Prepare oral and written reports to include the audit findings, conclusions, and recommendations for improvement.
  • Evaluate management’s responses to proposed recommendations for improvement of process/control environment.
  • Maintain expert knowledge of the banking industry and the auditing profession
  • Conduct special investigations as requested.
  • Perform other activities as requested.
  • Undergraduate degree in accounting, internal audit or finance is required.  An advanced degree, Certified Public Accountant or Certified Internal Auditor designation is desired.
  • Five or more years experience in internal audit or accounting.
  • Confidence and professional competence necessary to represent the department with management.
  • Forward thinking and strategic to assist in the department’s growth and development.
  • Determined, innovative and flexible with a strong work ethic.
  • Solid oral, written and interpersonal communication skills.
  • Good analytical skills/experience.
  • Must have a sense of urgency and willingness to make sound educated decisions.
  • Must be a self-starter and self-directed team player.

Apply on-line at www.swsgroupinc.com

Gainsco (4/26/11)

Department: Executive
FLSA Status: Exempt
Reports To: Audit Committee and Executive Management
Travel: 30%-50%

Job Purpose: Establish and direct the goals, policies and procedures for an internal auditing activity. Determine long-term and short-term auditing plans to accomplish the organization’s business objectives and compliance.

Essential Job Results:
% of Time Results Expected and Duties Performed

Manages all aspects of internal audits by developing and writing audit procedures and control steps; evaluates compliance with existing policies, and with procedures and controls; prepares written reports and makes oral presentations to the Audit Committee and to the Company’s Senior Officers; develops action plans for altering and improving existing policies, procedures and controls based on audit results; assists external auditors with test work and other procedures; reviews, analyzes and verifies the accuracy and completeness of various systems and financial records against contracts, agreements and other guidelines and documents; examines Company records to ensure proper recording  of transactions and compliance with applicable laws; analyzes responses to audit reports to determine reasonableness and makes suggestions for follow-up action;  follows up on audit recommendations to assist departments and individuals with implementation and to evaluate progress on corrections; develops and carries out audits that may be required by State statutes for insurance companies.


Serves as a consultant to management on internal controls by regular communication with senior officers responsible for specific policies, procedures and controls, and by participating in due diligence activities on potential new business opportunities. 

Required behaviors for all positions:
  • Communicate with co-workers, management, customers, vendors, and others in a courteous and professional manner
  • Conform with and abide by all Company codes, regulations, policies, values, work procedures and instructions
  • Regular attendance

Education: Bachelor’s degree in Accounting, Finance is required; MBA in Accounting would be beneficial; Professional certification such as Certified Public Accountant (CPA), Certified Internal Auditor (CIA) or Certified Information Systems Auditor (CISA) is preferred.

Experience:  Minimum of 4 years of relevant public accounting or internal audit experience is required; must have theoretical and practical knowledge of processes, risks and internal controls; must have a thorough understanding of various audit methodologies and processes; regulated industry experience as an auditor, (e.g. banking) preferred; insurance industry experience, specifically in private passenger automobile arena, including experience with insurance claim controls and audits would be beneficial.

Skills and Abilities:  strong verbal and written communication skills, the ability to gather information and express ideas effectively to individuals and groups at all levels of the organization; advanced computer skills, excellent organizational skills; keen attention to detail

Other: None

Office Equipment and Software: Computer, telephone, copier, fax machine, calculator.  Software:  Excel, Word, Access, PowerPoint, Outlook.

Decision Making: Develops options by which work may be accomplished.

Interpersonal Communication: Interacts with all levels of the organization; regulatory agencies and vendors.

Confidential and Sensitive Information: will include extensive knowledge of material non-public information

Scope of Financial Responsibility: None

Interested parties should email their resume and salary history/requirements to robert.preston@gainsco.com

Working Conditions: Click for Details

AT&T  (3/9/11)

Senior Auditor - Dallas

Don't miss this opportunity to join the company recognized by Fortune magazine as the World's Most Admired Telecommunications Company and ranked #2 on DiversityInc's list of 2009 Top 50 Companies for Diversity.

As the largest communications company in the world, more than 120 million customers count on us every day to deliver the wireless, Internet, data and advertising services that fuel their businesses and connect them to their world. You will find yourself connecting communications and technology with opportunities that will take you to places you never imagined.

Learn more about AT&T's cutting edge opportunities with a wide range of career paths in emerging and ground breaking technologies. We're so much more than just a phone company!

Responsible for conducting and documenting moderate to complex audit projects with direction from Audit Manager. Typically an individual contributor, but may provide functional advice or training to less experienced audit staff, and run smaller audit jobs, but does not have direct reports. Audit responsibilities include the review, analysis, and monitoring of procedures and systems of internal controls within the organization. This group of professionals often works as management consultants in the review of existing systems and procedures, or in the development of new or modified systems and procedures. May also work in a limited role as an extension of the company's independent auditors. Typical responsibilities include: Conducts and documents audit projects. Prepares audit reports. Develops recommendations for improving the procedures being audited. Works on problems of diverse scope where analysis of data requires evaluation of identifiable factors. Exercises judgment within generally defined practices and policies in selecting methods and techniques for obtaining solutions. Uses skills as an experienced professional to work on problems of diverse scope where analysis of data requires evaluation of identifiable factors. Demonstrates good judgment in selecting methods and techniques for obtaining solutions.

Required Job Skills: 3+ years of corporate auditing experience.

Desired Job Skills: Bachelors Degree preferably in Accounting, Finance, Information Technology, or Business. Certification or pursuit of certification; CPA, CIA, CISA

AT&T is an Affirmative Action/Equal Opportunity Employer, and we are committed to hiring a diverse and talented workforce. EOE/AA/M/F/D/V

Please send resume to zc2176@att.com.

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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

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P. O. Box 261747, Plano, TX 75026-1747

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