eNews - July 2011

September Meeting
Thursday the 1st
Cityplace Conference Center

Increasing Your Value

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

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

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

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

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

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

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

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

1 Hour Continuing Legal Education

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

Writing an Audit Finding
Danny M. Goldberg, Professional Development Practice Director, Sunera

Objectives:  Writing an audit finding is a fine art and, once perfected, can significantly affect the value of an audit. This one hour course will cover the basics of writing a finding, including the:

• Criteria
• Condition
• Cause
• Effect
• Recommendation
• Action Plan

Danny M. Goldberg is the Professional Development Practice Director at Sunera, an international Corporate Governance, Risk Management and Regulatory Compliance firm. Prior to joining Sunera in January 2011, Danny founded SOFT GRC, an advisory services and professional development firm. Danny has over 13 years of audit experience in the Dallas Fort Worth area, including five as a CAE/Audit Director at two diverse companies. He has the rare experience of being an integral part/leading the Year One SOX Compliance efforts at three companies in the DFW area. Additionally, he has assisted in leading the establishment of three internal audit/SOX departments.

Prior to founding SOFT GRC, Danny was the Director of SOX Compliance and Corporate Audit at Dr Pepper Snapple Group, where he led the Year One SOX Compliance efforts. Prior to his tenure at Dr Pepper, Danny started the internal audit department at Tyler Technologies, a publicly traded technology company.

Prior to his experience at Tyler, Danny was also part of the Year One SOX Compliance team at Tenet Healthcare, where he assisted the end-to-end compliance efforts. Danny began his career at Arthur Andersen and is a graduate (BS – Accounting, 1997, MS – Finance, 1998) of Texas A&M University.

Danny has served on the board of directors of a non-profit organization and the audit committee of a large independent school district in DFW. Danny currently serves on the Dallas Leadership Board of the American Lung Association and is the IIA Dallas Chapter Programs Committee Co-Chairman for the 2011-2012 year.

Danny is accredited as the professional commentator on the publication BNA Tax and Accounting Portfolio, Internal Auditing: Fundamental Principles (Accounting Policy and Practice Series), which is authored by renowned audit scholars Curtis C. Verschoor and Mort A. Dittenhofer – co-author of Sawyer’s Internal Auditing.
He has also published numerous articles in trade magazines over the past four years, including:

• ISACA Journal (General Auditing for the IT Auditor: An Overview, May 2011)
• The Audit Report (11 Hot Topics for 2011, March 2011)
• Dallas Business Journal (The Yes Man Phenomenon, January 2011)
• New Perspectives (Sell Your Work: How to Deliver Best Practice Audit Reports, December 2010)
• Internal Auditor (CAE’s as A/C Members: It Just Makes Sense, October 2010)
• The Audit Report (Cover Article – How the Recession is Changing Internal Audit, June 2010)
• ISACA Journal Online (Is it time to Automate SOX?, December 2009)
• Internal Auditor (The SOFT Approach to Auditing, August 2007)
• Internal Auditor (A Focus on High-Risk Controls, December 2007)

Danny is a well-known speaker across the nation at numerous IIA and ISACA sponsored events. He has spoken on a number of subjects over the past four years, from one hour lunch seminars to multiple day seminars (all speaking events are accredited as CPE hours). Major conferences that Danny has/will speak at in 2011 include:

• 51st Annual Chicago IIA Spring Seminar (featured presenter)
• Michigan Association of CPA’s Annual Healthcare Conference
• 22nd Annual ACFE Fraud Conference
• Texas Society of CPA’s Texas School District Accounting and Auditing Conference
• News Media Internal Auditors Annual Conference (featured presenter)
• 2011 IIA Omaha District Conference
• 2011 IIA Midwestern Regional Conference

Danny is a Certified Public Accountant, Certified Internal Auditor, Certified Information Systems Auditor, Certified in the Governance of Enterprise Information Technology and has obtained his Certification in Control Self-Assessment. He is married with a son and daughter and lives in Plano, Texas.

1 Hour Continuing Education

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

A Panel Discussion on the IA Profession

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

The purpose of this session is to discuss:

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

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

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

1 Hour Continuing Education

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

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

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

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

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

Meeting Location

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

Preferred Method:

Place and confirm your reservation via the web site at http://www.dallasiia.org/Reserve_0911.htm.

Reservations & Payment must be received by 5:00 PM on Friday, August 26, 2011.

Chapter News

IIA Research Foundation

The IIA Research Foundation has issued a report available for free download entitled Internal Auditing's Role in Risk Management.  Increasing economic pressures are moving organizations to increase the effective of risk mitigation efforts and focus on a more holistic approach to risk management.  As a result, the role of internal auditing in risk management is focused on ways to identify and assess the organization’s strategic risk.

Using risk management tools and mining data from recent surveys, researcher Paul Sobel shows readers how to move their organizations forward, providing internal auditors with the skills needed to keep pace with evolving roles in risk management.

The report can be downloaded free of charge from The IIA Web site at http://www.theiia.org/bookstore/product/internal-auditings-role-in-risk-management-1561.cfm.

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

Spring 2011 Membership Challenge

Congratulations to Jonathan Dixon, the 2010-2011 Membership Challenge winner of a brand new iPad!  Thanks for your participation!

Look for new membership challenges, coming soon to an IIA chapter near you…

New Ways to Network

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

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

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 June 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 July 31, 2011.

Seminars

Save on IIA Seminars in Dallas This October

IIA Seminars are coming to Dallas, October 4 – 8, 2011. We know that budgets are tight and travel costs are limited, so, we’re excited to offer 14 of our most popular seminars in Dallas.

• Audit Reports: Better Design, Faster Delivery
• Auditor-in-charge Tools and Techniques
• Beginning Auditor Tools and Techniques
• Fraud Investigation Tools and Techniques (IIA/Deloitte)
• Internal Audit Quality Assessment: Establishing Your QA and Improvement Program
• Internal Auditing for Fraud (IIA/Deloitte)
• Introduction to IT Auditing (IIA/Deloitte)
• Leadership Skills for Auditors
• Operational Auditing: Advanced
• Operational Auditing: An Introduction
• Operational Auditing: An Introduction Through Advanced
• Performing External Quality Assessments of the Internal Auditing Activity - UPDATED
• Project Management Techniques - UPDATED
• Sarbanes-Oxley: Assessing IT Controls

Log in and Register TODAY or call an IIA Customer Service Representative at +1-407-937-1111.

Don’t Forget …
Attend the next Dallas Chapter meeting and you may be eligible to win a free IIA CIA Learning System valued at US $745! The IIA’s CIA Learning System is an interactive print and Web-based program that teaches the entire CIA exam syllabus in an interactive and convenient format. It is the first CIA preparation program offering content and questions that are aligned with the IPPF. For more information or to try a free demo, visit www.LearnCIA.com.

You are invited to join the IIA and the Milwaukee Chapter for the highest value training opportunity in the Midwest – featuring compelling speakers from recognized organizations including the FBI, Raytheon, Wells Fargo, Johnson Controls, and Susan G. Komen for the Cure.

http://www.theiia.org/iia-training/conferences/2011-mrc-about/

Enhance your professional repertoire by participating in:

• Pre-conference workshops led by subject matter experts on CIA exam review, auditing for financial services professionals, and automating audit with IDEA.
• Concurrent sessions in tracks focusing on today’s hottest topics – governance and ERM; technology auditing and emerging issues; legal and regulatory compliance; leadership, communication and people skills; mastering Excel, and CIA exam preparation.
• One day track designed for and focusing on critical issues for CAEs.
• General sessions led by industry leaders including:

GS1: “Internal Auditing in 2011: Trends, Opportunities and Challenges” - Richard F. Chambers, CIA, CGAP, CCSA, President and Chief Executive Officer, The Institute of Internal Auditors

GS2: “Characteristics of Highly Effective Audit Leadership” - Larry J. Harrington, CIA, Vice President Internal Audit, Raytheon Company

GS3 “Diversity in the Workplace Panel” - Moderator: Betty McPhilimy, CIA, Associate Vice President, Office for Audit and Advisory Svcs.  Panelists: Tina Chang, Chairman of Board and CEO, SysLogic Inc;  Dave Gromacki, Director-Strategic Accounts, Development Dimensions Intl.; Krista M. McMasters, CEO, Clifton Gunderson LLP

GS4: “Singular Goals, Common Concerns, Unique Courses: Drawing on our Past to Help Susan G. Komen® for the Cure Today” - Vanessa Hewitt, CAE, Susan G. Komen for the Cure® and Mark Nadolny, CFO, Susan G. Komen for the Cure®

GS5: “World Class Internal Audit –  A Roundtable Discussion” - Moderator:
Dr. Larry E. Rittenberg, CIA , Ernst & Young Professor of Accounting & Information Systems, The University of Wisconsin-Madison.  Panelists: Sandra Botcher, VP, Enterprise Risk Assurance, Northwestern Mutual Life;  Tom Fischer, President, Audit Committee Chair, Fischer Financial Consulting LLC;  Lisa Flavin, Vice President, Audit, Emerson

GS6: “Future Forecast: Where We’ve Been and Where We’re Going Economically” - Dr. Abdur Chowdhury, PhD, Chair, Department of Economics, Marquette University

GS 7: “Know Your Environment: The Power of Knowledge in Setting Your Course” - Rich Meeusen, Chairman, CEO and President, Badger Meter Inc., Audit Committee Chair, Menasha Corp.

GS 8: “GOOD to the CORE – Building Value With Values” - John G. Blumberg, Speaker and Author, Keynote Concepts Inc.

Employment Opportunities

JOB POSTING NOTICE
Federal Reserve Bank of Dallas

LOCATION:  Dallas
JOB NUMBER #:  309
DEPARTMENT:  Audit
TITLE:  IT Auditor
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

LOCATION:  Dallas
JOB NUMBER #:  310
DEPARTMENT:  Audit
TITLE:  Auditor
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.

Texas Capital Bank (6/16/11)

SOX/Compliance Staff Auditor - 2000 McKinney Ave. Dallas, TX

Texas Capital Bank is seeking a SOX/Compliance Staff Auditor for our Internal Audit Department at our Dallas office.  Ideal candidates will have a CPA designation, work well in a team environment, be eager to learn and willing to pursue additional recognized professional certifications. This role requires no travel.

REQUIREMENTS:

• Bachelor’s degree in Finance, Accounting or Business
• Minimum of three years internal audit, public accounting or regulatory experience
• Experience in testing Sarbanes-Oxley Act identified internal controls , CPA required
• Advanced degree is highly desirable
• Evidence of continuing education to maintain skills to accomplish duties and responsibilities
• Experience in banking and regulatory compliance with excellent knowledge of consumer, Bank Secrecy Act/Anti Money Laundering, and other banking regulations, and related risks is highly desirable
• Understanding of risks within financial services and related risk management processes
• Understanding of organizational governance processes
• Effective communication (both verbal and written), negotiating and presentation skills
• Proficiency in the use of software tools for reports, audits, data extraction, analysis and presentations
• Knowledge of data processing and information security processes
• Ability to establish positive working relationships across the organization
• Strong organizational skills; including effective time

RESPONSIBILITIES:

• Assist in the development, and completion of a comprehensive risk based, internal audit plan, including SOX testing
• Assist in monitoring of the Corporate Compliance Program and assist the organization in the management of compliance risk
• Assist in the development of specific audit plans and ensure that all activities conform to established Internal Audit Department policies and procedures
• Prepare and execute specific audit programs, procedures, and tasks that are sufficient to opine on the adequacy of governance, risk management, control and compliance processes of Texas Capital Bancshares, its subsidiaries and business units
• Prepare and review reports of audit results with business unit management
• Work with managers of various business units to coordinate responses and develop action plans, as necessary, to respond to deficiencies and/or recommendations noted from internal, external audits, regulatory examinations, as well as deficiencies self identified by management
• Ensure the quality of all internal audit work complies with Internal Audit Department Charter, established policies and procedures, and established professional standards
• Utilize available electronic tools to develop programs and analysis that assist in the audit and monitoring processes
• Through continuous education, maintain and improve knowledge of corporate governance, risk management, internal controls, compliance and internal audit processes
• Serve as lead auditor on specific assignments directing the activity of exempt or non-exempt level auditors and/or third party providers
• Perform other duties as assigned

Background investigation required as a condition of employment. This position does not offer a relocation package. Interested and qualified candidates are encouraged to submit a résumé via http://texascapitalbank.com/JoinOurTeam.aspx. Texas Capital Bank is an Equal Opportunity Employer.

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

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