eNews - August 2012

The President’s Letter

Hello Dallas Chapter! I want to welcome each of you to another banner year that our new slate of officers and volunteers are currently planning for you and your audit staff.  I’m confident that this year is going to be another one for the record books.

Looking back on the 2011/2012 fiscal year ending in May 2012, we accomplished a lot of great things.  One key achievement was that our chapter was awarded Platinum status again by the IIA for the 2011/2012 year.  This award is based upon specific criteria that are measured under three categories: service to our members, service to our profession and chapter administration.   And because of the quantity and quality of events that we host for the Dallas area, our chapter is #1 within our district, #3 within our region and #18 within North America if you exclude the Caribbean area chapters.  It is also important to note that the Dallas Chapter has achieved top Platinum status every year it has been eligible since the inception of the award.   For 2012/2013, we are striving to achieve the same status with the most number of points earned in our history!

Another key accomplishment is that we were awarded first place in the Donald E. Ricketts research project award for our submission of “Cloud Computing: A Study of Internal Audit’s Preparedness in the Dallas Area”.  This award is presented to IIA chapters and Institutes conducting research in internal auditing topics.  Each project is evaluated on:

  • quality of work
  • interest and practical value
  • topic originality
  • basis for further research

Congratulations to our research team for another incredible research project which was led by Ganesh Ramaswamy and Emily Ray Hildebrand.  Please click on this link to view the award winning report.

Kicking off the new 2012/2013 fiscal year, we had a very successful “Almost Free Seminar” that was attended by more than 260 people.  That is 23% more attendees than last year’s seminar.  A big “thanks” goes to Weaver LLP for providing three great speakers and whose sponsorship allowed us to issue 8 hours of cutting edge CPE that truly was almost free.

One way that our chapter is raising the bar this year is that we are launching an annual conference that will more than double the size of anything that we have done in our history.  It is called the 1st Annual Dallas IIA Super Conference which will be held at the beautiful Hilton Anatole Dallas hotel on October 29, 2012.  This is an annual training event that you and your colleagues will not want to miss.  It will feature 7 tracks, 28 breakout sessions and 2 general sessions.   You will have the ability to customize 8 hours of training for a really low price of $200 per person for groups of 4 or more or $250 for individual members.  That is less than $25 per hour!  Those early discount prices will only be available through July 31st so register now to ensure your spot.

After our normal summer recess, our regular monthly meetings will begin on September 6th and will continue on the first Thursday of each month with the exception of two joint meetings that we are planning.  You can view the latest calendar by clicking on the following link: 2012-2013 Programs Calendar.  In addition to the traditional 3 CPE hours that we offer at each monthly meeting, we plan to continue with the popular CAE Spotlight series at the beginning of the lunch meeting.  The purpose of that 10 minute block of time is to highlight a particular company each month and have their chief audit executive provide an overview of their company, their audit department along with any best practices.  Our programs team is in the process of booking some fantastic speakers and topics so please continue to monitor http://dallasiia.org/ and read our broadcast emails.

Last but not least, our chapter is made up of over 80 volunteers and there is no way that we can achieve platinum level success without volunteer assistance.  If you are interested in volunteering, please contact Brian Amend, Volunteer Coordinator, at bamend@sunera.com if you would like to volunteer for 2012/2013.  We have something that will fit your time and interests.

Sincerely,

Greg Estes
2012/13 President – Dallas IIA
president@dallasiia.org


When: Monday October 29, 2012
Where: Hilton Anatole, Dallas
Why: A great opportunity for audit executives, directors, managers, and staff to benefit from a one day educational event, comprised of 28 individual sessions.  Obtain 8 hours of CPE from subject matter experts presenting multiple learning tracks.
Value: $25 per CPE hour for groups of 4+
Actions needed: Early registration ends on July 31, 2012!

The 1st Annual Dallas IIA Super Conference will include interesting and informative general sessions presented by Richard Chambers, President and CEO of the IIA, Denny Beran, 2011-2012 Chairman of the Board, Institute of Internal Auditors (IIA) and a panel discussion on stakeholder expectations moderated by Dennis McCuistion, a former bank CEO, who also serves on board and audit committees for several public and private companies.

There will also be 28 concurrent sessions covering the following topics:

  • Continuous Monitoring
  •  Core Audit Skills Training
  •  Emerging Risks
  •  Enterprise Risk Management
  •  Governance
  •  Information Technology Auditing Leading Practices
  •  Information Technology Risks
  •  Internal Audit Department Management
  •  Regulatory Issues

To secure your spot at this conference, please go to the following link: http://dallasiia.org/super/Registration.htm

Chapter News

IIA Research Foundation

The IIA has published Advancing Organizational Governance: Internal Audit's Role.  This book was written to complement the recently published handbook, Evaluating and Improving Organizational Governance.  Governance, which includes the important subsets of risk, control, and compliance, is the “space” in which internal audit plays.  There are tremendous opportunities for internal auditors to add value to their respective organizations through work they can perform in advancing organizational practices.

Author Dean Bahrman, CIA, provides “how to” guidance and tools on:

  • Internal audit’s role in providing assurance design and operating effectiveness.
  • Key risks and audit steps to take when gathering evidence.
  • Using capability maturity models.
  • Managing risk.
  • Other roles internal audit may fill.

Helpful appendices and suggested further readings are also included.  The primary audience for this book is internal audit management.  Board/audit committee members with internal audit oversight, executive management, other governance practitioners, academia, and individuals charged with advancing organizational governance in all types and sizes of organizations will also find this book useful.

The book can be ordered online at:

http://www.theiia.org/bookstore/product/advancing-organizational-governance-internal-audits-role-1580.cfm.  (Item number 1086, IIA member price - $60.00, non-member price - $70.00).


CIA Programs

Ceremony to Honor New Certifications

This fall, the Dallas Chapter will honor those Dallas Chapter members who completed their certification examination requirements and took the exams in the 1st or 2nd quarters of 2012.  Honorees will be contacted via email on how to register.  Certificates have or will be mailed by The Institute of Internal Auditors. This includes those receiving the new Certification in Risk Management Assurance (CRMA).

Certification News from the IIA

  • Certification in Risk Management Assurance:  The IIA has announced the closing of the Professional Experience Recognition (PER) period for the Certification in Risk Management Assurance™ (CRMA).  In North America (United States, Canada, and Caribbean): The PER period will close on Sept. 30, 2012. PER candidates must have applied and paid the application fee by this deadline. All qualifying documentation must be submitted by no later than Oct. 31, 2012.
  •  Continuing Professional Education (CPE) Requirement and Reporting Reminder:  As a reminder, effective Jan. 1, 2012, Continuing Professional Education (CPE) reporting requirements and periods have changed. All certificates must report CPE by December 31st each year. The changes in the program enhance the reporting experience for certified individuals and align The IIA with industry best practices.  Learn more.
  •  IIA Global Certifications Introduces Option to Extend Exam Eligibility:  The Professional Certifications Board (PCB) has approved a new policy that allows candidates to extend the normal 180-day exam eligibility window for a period of 30 days one time for a US $50 fee. This new option allows today’s busy internal audit professionals to stay on course while enhancing their professional development. Interested candidates must log into CCMS to complete the appropriate exam registration eligibility extension form.

CIA Review Course

The Dallas Chapter will not be providing CIA Review Courses for 2012/2013.  If you prefer lecture based training, the IIA Southern Regional Conference, being held in Austin, TX on September 16-19, 2012, will be hosting a CIA and CGAP review course.  See https://na.theiia.org/training/conferences/src/Pages/2012-Southern-Regional-Conference.aspx for further details.

Frequently Asked Questions

Q: I haven’t received my certificate yet – where is it?
A: The IIA sends out certificates each quarter. Those passing the exam during the first quarter of 2012 (January – March) should be received by May 2012. 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/.

Membership Updates

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

Summer 2012 New Members

Aimee Smith
Angela Hager
Augustine CT
Bertha Segovia
Bill Morse
Blake Pugh
Carlos Lerin
Christina Chavez
Danny Matthews
Darryl Gee
Diana  Durand
Donna Rakestraw
Escoffrey Thomas
Fouad Hassan
Giovana Bortolon

Hassan Niazi
Hinal Fuller
Irene Parnell
Issa Bazsa-Ecker
Jared Bourcier
Jeff Welsh
Jennifer Meagher
Joyce Whitaker
Luis Camejo
Luis Canuto
Mandy Ellison
Marc Kajiwara
Mary Galaviz
Melodie Keener
Menchu Tungala

Michael Webber
Nisha Domalapalli
Paula Denman
Peter Eads
Rebeca Gonzalez
Rozina Meghani
Sarah Johnson
Scott Opdaml
Shaun Frederiksen
Susan Cannon
Taylor Salmon
Tulsi Ambelal
Vicente Carvalho
Yinjun Chen
Zac Taylor


New or Updated Practice Guides released by the IIA

The IIA has released several new IPPF practice guides. They provide detailed guidance for conducting internal audit activities — processes and procedures, tools and techniques, programs, step-by-step approaches, and examples of deliverables. If you are a member of the IIA, you can download them now for free by clicking on the following links:

NEW! Assessing Organizational Governance in the Private Sector, July 2012
​NEW! Developing the Internal Audit Strategic Plan, July 2012
​NEW! GTAG 17: Auditing IT Governance, July 2012
​NEW! Auditing Privacy Risks, 2nd Edition, July 2012 (replaces GTAG 5)
​NEW! Integrated Auditing, July 2012
​NEW! Evaluating Ethics-related Programs and Activities, June 2012
​NEW EDITION! GTAG 7: Information Technology Outsourcing, 2nd Edition, June 2012.


Report Your Speaking and Writing

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 online form.  If you have any questions, please contact Corinne Bryan at CAP@dallasiia.org.

Employment Opportunities

Global Power  (7/24/12)

Senior Internal Auditor

Location: Irving, Texas

Perform audit assignments throughout the company as part of the overall audit plan to determine the effectiveness of internal controls, accuracy of financial records, the safeguarding of assets, compliance with laws and regulations, achievement of management’s objectives, and efficiency of operations. This includes primary responsibility to test management’s internal controls over financial reporting (Sarbanes-Oxley Section 404)

RESPONSIBILITIES:
  • Assist the Director of Internal Auditing in championing the company’s values, internal control, ethics, and corporate governance concepts throughout the company.
  • Test the efficiency and effectiveness of internal controls over financial reporting (Sarbanes-Oxley Section 404 compliance).
  • Work closely with management to maintain current documentation on internal controls over financial reporting, reviewable testing of the design and effectiveness of those controls; monitor the closing of control gaps and facilitate periodic management review of that documentation and testing results enabling them to provide adequate quarterly certification around those Sarbanes-Oxley controls.
  • Perform individual internal audit assignments, partnering with staff from a co-sourcing organization.
  • Participate in planning and risk assessments relating to each audit assignment to ensure work is effectively focused on the areas assessed as high risk.
  • Possess an awareness of IT concerns and controls for consideration in audit planning and execution
  • Conduct test work, clearly documenting and concluding on the work performed
  • Recognize the need to modify programs/procedures based on control assessments and test work
  • Participate in audit opening and closing meetings, along with frequent updates during the audit, held with those being reviewed to ensure transparency during the audit process
  • Clearly present recommendations to management
  • Draft clear, concise, grammatically-correct audit reports, including management’s remediation timetable.
  • Follow-up on agreed upon management remediation actions.
  • Be a team member on various special projects requiring analytical and risk assessment skills
  • Stay abreast of best practices and provide a conduit for introducing those practices to the company
TECHNICAL SKILLS:
  • Sound knowledge of GAAP, COBIT, COSO and the IIA’s International Standards for the Professional
  • Practice of Internal Auditing.
  • Solid understanding of the Sarbanes Oxley Act of 2002, especially sections 302, 404, and 906.
  • Strong organizational, research and analytical skills
  • Strong oral, written, and presentation skills to effectively present to peers and management
  • Strong project management skills
  • Working knowledge of Audit Command Language (ACL) for data mining and analysis
  • Working knowledge of automated working papers
  • Language ability helpful in Dutch, Spanish or Mandarin
  • Proficient with MS Word, Excel,  Access and PowerPoint
  • Some industry knowledge – power generation, manufacturing and/or construction.
EDUCATION:

Bachelor’s or Master’s degree in Accounting, Finance or Business Administration required.

EXPERIENCE:
  • Two to four years financial analysis, accounting, auditing, internal control and/or Sarbanes-Oxley compliance experience.
  • CPA, CIA, CFE and/or CISA. Attend continuing professional education classes and training courses.

Qualified candidates: Please apply online: www.globalpower.com or contact:
Jeff Faust  (918) 274.2358


Weaver LLP  (7/9/12)

Audit Advisory Senior

Weaver and Tidwell is seeking an Advisory Senior 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.

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.

For immediate consideration please contact Michelle.Griffin@weaverllp.com or apply online @ hhttp://www.weaverllp.com/Careers.aspx


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.

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.

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


City of Garland  (6/18/12)

Staff Auditor/Sr. Auditor

All qualified candidates should apply online at www.garlandtx.gov

Position Summary:
An individual will be hired EITHER as an intermediate level Staff Auditor or experienced Sr. Auditor who is most closely aligned to the following criteria and is able to recognize how strategies, decisions, and business situations impact outcomes to maximize value added to the organization.

Staff Auditor:
Responsible for performing analysis of policies, procedures, financial documents and contracts to ensure accuracy of expenditures, maximization of revenues, efficiency and effectiveness of operations, and compliance with federal, state and local regulations and laws. The goal of the Staff Auditor is to support auditors/managers to ensure project success in a consistent and positive manner.
Targeted Hiring Range: $46,945 - $53,996 per year
 
Sr. Auditor:
Responsible for the complex analysis of policies, procedures, financial documents and contracts to ensure accuracy of expenditures, maximization of revenues, efficiency and effectiveness of operations, and compliance with federal, state and local regulations and laws. The Sr. Auditor will also train and lead auditors in the field.
Targeted Hiring Range: $55,890- $64,293 per year

Essential Job Functions: Other duties may be assigned.

Staff Auditor:

  1. Conduct operational and performance audits of procedures used to direct and control City assets, resources, services and products.
  2. Develop audit program and process to determine timeline, budget and resources.
  3. Perform comprehensive reviews of controls for cost of service, product and service pricing.
  4. Provide report of findings and recommendations for corrective measures in areas needing improvement.
  5. Review cost control procedures used for operating expenditures.
  6. Review the system of management controls in place to ensure that vendors and customers are in compliance with contracts.
  7. Review internal controls of payment and revenue monitoring procedures.
  8. Assist with department administration of accounts payable, budget review, meeting set-up.

Sr. Auditor:

  1.  Conduct complex operational and performance audits of procedures used to direct and control City assets, resources, services and products.
  2. Develop audit program and process to determine timeline, budget and resources.
  3. Provide report of findings and recommendations for corrective measures in areas needing improvement.
  4.  Train lower level auditors in appropriate business procedures and internal controls. Review documentation and recommendations of audit staff. May supervise auditors.
  5.  Perform comprehensive reviews of controls for cost of service, product and service pricing.
  6.  Review cost control procedures used for operating expenditures.
  7.  Review the system of management controls in place to ensure that vendors and customers are in compliance with contracts.
  8.  Document and investigate fraud, waste or abuse allegations.
  9.  May review internal controls of payment and revenue monitoring procedures.

Minimum Qualifications:

Staff Auditor:

-Four-year college degree in Accounting, Finance, or Business
-3 years auditing experience
Or an equivalent combination of education and experience sufficient to successfully perform the essential functions of the job.

Sr. Auditor:

-Four-year college degree in Accounting, Finance or Business
-5 years auditing experience
-CIA or CPA certification
Or an equivalent combination of education and experience sufficient to successfully perform the essential functions of the job.
 
Preferred Qualifications:

Staff Auditor:

Education/ Experience: 

  • Master’s degree in Accounting, Finance or Business preferred
  • 3-5 years experience in government auditing
  • CPA or CIA Certification highly preferred
Knowledge, Skills & Abilities:
  • Basic knowledge of Generally Accepted Government Auditing Standards (GAGAS)
  • Basic knowledge of municipal government
  • Ability to independently perform audit analysis
  • Ability to analyze various financial and procedural information and documentation
  • Ability to complete projects within required timeline
  • Intermediate skill in Microsoft Office applications (Excel, Word, Access, PowerPoint)
  • Ability to run Crystal reports and extract data
  • Possess excellent writing skills and able to prepare audit reports and memos
Sr. Auditor:
 
Education/ Experience:
  • Master’s degree in Finance or Accounting
  • 5-7 years experience in government auditing
Knowledge, Skills & Abilities:
  • Comprehensive knowledge of Generally Accepted Government Auditing Standards (GAGAS)
  • Comprehensive knowledge of municipal government
  • Intermediate skill in Microsoft Office applications (Excel, Word, Access, PowerPoint)
  • Ability to plan and organize workload in order to meet established deadlines
  • Ability to independently perform complex audit analysis
  • Ability to analyze various financial and procedural information and documentation
  • Ability to establish and maintain effective working relationships with those contacted in the course of work
  • Ability to run Crystal reports and extract data
  • Possess excellent writing skills and able to prepare audit reports and memos
Licenses and Certifications:

Staff Auditor:
-Valid Class C Texas driver's license
-CPA or CIA Certification highly preferred

Sr. Auditor:
-CIA or CPA certification required
-Valid Class C Texas driver's license

Physical Tasks and Working Conditions:
 
The incumbent works in a typical office environment; occasional exposure to unpleasant environmental conditions and/ or hazards. Occasional outside work performed.


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

1998-2015 Dallas Chapter Institute of Internal Auditors
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

1998-2015 Dallas Chapter Institute of Internal Auditors
P. O. Box 261747, Plano, TX 75026-1747



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