Lunch Meeting 12:00pm
National Economy Update
Evan F. Koenig Senior Economist and Vice President, Federal Reserve Bank of Dallas
During the latter part of the 10-year U.S. economic expansion that ended in 2001, many economists and policymakers recognized the emergence of a New Economy characterized by a higher sustained level of productivity growth brought on by the adoption of new information technologies. Rapid economic growth combined with low inflation and low unemployment led some to assert that the business cycle was dead. In November 2001, these claims were put to rest when an official declaration was made that U.S. economic activity had slipped into recession in March 2001. In his talk, I demonstrate that the 2001 recession was mild relative to other post-World War II downturns, and argue that this mildness reflects a broader trend toward a more flexible and resilient U.S. economy. Like the New-Economy productivity acceleration, the trend toward greater economic stability would not have been possible without the productive implementation of technologies that provide decision-makers with real-time access to critical information. So, the New Economy hasn't killed the business cycle, but the cycle is weaker as a result of the innovations responsible for the New Economy.
Evan F. Koenig is a senior economist and vice president at the Federal Reserve Bank of Dallas. In this position, he oversees macroeconomic research and analysis in the Research Department, briefs the president and directors of the Bank on current macroeconomic conditions and writes articles for Bank publications and scholarly journals.
In his research, Koenig seeks to characterize, predict and explain movements in prices, output and employment, particularly as these movements are affected by monetary policy. His articles have appeared in such publications as The Quarterly Journal of Economics, The Journal of Public Economics, The National Tax Journal, and the Dallas Fed's Economic and Financial Review.
Koenig holds bachelor's degrees (with honors) in mathematics and economics from the University of Wisconsin and a Ph.D. in economics from Harvard University. He joined the Federal Reserve Bank of Dallas in 1988, after teaching at the University of Washington, in Seattle. He is currently an adjunct professor of economics at Southern Methodist University.
Unfinished Recession and its Impact on the Dallas Metroplex
Bernard L. Weinstein (Bud) is director of the Center for Economic Development and Research and a professor of applied economics at the University of North Texas in Denton. The Center was established in 1989 to provide economic analysis and consulting services to university constituents in the private, non-profit, and public sectors. He also serves as director of the Institute of Applied Economics, which offers masters degree programs in economic development.
Dr. Weinstein studied public administration at Dartmouth College and received his B.A. in 1963. After a year of study at the London School of Economics and Political Science, he began graduate work in economics at Columbia University, receiving an M.A. in 1966 and a Ph.D. in 1973.
He has taught at several universities including the University of Texas at Dallas, and Southern Methodist University. He has worked for several U.S. government agencies including the Presidents Commission on School Finance, the Internal Revenue Service, and the Federal Trade Commission.
Dr. Weinstein has authored or co-authored numerous books, monographs, and articles on the subjects of economic development, public policy, and taxation.
Dr. Weinstein has been a consultant to many companies, non-profit organizations, and government agencies, and he testifies frequently before legislative, regulatory, and judicial bodies.
He is currently a senior fellow with the Southern Growth Policies Board and the Texas Public Policy Foundation, and he serves on the boards of the Dallas Business Finance Corporation and Metroplex Citizens Against Lawsuit Abuse. He is also a director of Beal Bank in Dallas, Texas.
How to Spot White Collar Crime in Your Organization
Brian Flood is an Assistant District Attorney (DA) in the Specialized Crime Division of the Dallas County DAs office. He graduated from Texas A&M and attended law school at Texas Wesleyan University School of Law, graduating 9th in his class.
Mr. Flood will share with us some examples of white collar crime in the Dallas area as well as some tips for identifying these schemes within your organization. His front line perspective of fraud in Dallas county will no doubt give all of us some things to think about during our next audit!
He has prepared publications for many different types of media including:
In addition to Mr. Floods experience within the DAs office, he has also participated in training sessions for numerous organizations including U.S. General Accounting Office, FBI, National Association of Insurance Commissioners, Southwest Securities Enforcement Conference, Texas Department of Insurance, and the Independent Bankers Association.
This meeting is being held at CityPlace Conference Center.
The DART light rail station at CityPlace serves both the RED and BLUE lines. Check for schedules, routes and fare information at http://www.dart.org/default.asp
The best method to place and confirm your reservation is via the web site at http://www.dallasiia.org/Reserve.htm.
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 noon on Friday, November 15, 2002 or a $5 late fee will be charged. Reservations will close promptly due to the Tuesday meeting.
We reserve the right to bill for "no-shows."
Please mark your calendar these meeting dates for the 2002-2003 chapter year:
We Now 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.
Control and Risk Self Assessment
|Date:||November 6, 7, and 8|
|Location:||JCPenney Home Office, Training 6501 Legacy Drive, Plano|
|Continuing Education:||24 hours (technical hours for CPAs)|
|Cost:||$700 for IIA Members $850 for non-members
Not a member? Become one!
|Reservations:||Please reserve your place as soon as possible. Space is limited to 24. Reservations can be made at http://www.dallasiia.org/CSA_Seminar.htm.|
Make Checks payable to IIA Dallas Chapter and mail to:
6501 Legacy Drive
Mail Stop # 4321
Plano, Texas 75024-3698
Cancellation Policy: No refunds will be given after October 8, 2002.
For a very limited time, The Institute of Internal Auditors is offering non-members the opportunity to join for only $85 and no application fee, a savings of $50. You will receive all the benefits and services of The IIA and opportunities for local chapter participation. This is a one-time offer being extended to you through the Dallas Chapter and must be acted on by November 15, 2002. To take advantage of this opportunity, simply complete the application provided at http://dallasiia.org/Members.htm. Feel free to pass this message on to your colleagues.
It's time again for the survey to determine which IIA Dallas Chapter members have submitted articles or spoken during October, 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 November 8, 2002. Contact Magdalena Kovats (972-389-3344 or email@example.com) if you have any questions.
It is too late to register for the November exam, but it is not too early to plan for the May 2003 exam. Make a commitment to become certified in 2003!
What's in it for you?
Visit the IIA website at http://www.theiia.org (certification tab) for test information and study aids.
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."
CERTIFIED INTERNAL AUDITOR (CIA) - The premier certification:
CERTIFICATION IN CONTROL SELF-ASSESSMENT - The IIA's first specialty certification:
CERTIFIED GOVERNMENT AUDITING PROFESSIONAL
CERTIFIED FINANCIAL SERVICES AUDITOR (CFSA) - the newest specialty examination:
SPECIAL DISCOUNTS FOR MICROMASH!
The Dallas Chapter has negotiated a special discount for Dallas Chapter IIA members with MicroMash, a leader in PC-based self-directed exam preparation. You can study for the exam on your own PC, at your leisure, and let the savviest software ever guide you. You decide whether you study for the test in full or in part. This review method gives you total flexibility. For a demo of the software, checkout http://www.micromash.net/AccountingReviews/CIA/cia_frame.htm.
Chapter members will receive the complete course for $300 plus shipping. That is a 25% discount! To order, simply call 800-272-7277 and identify yourself as a Dallas Chapter IIA member. You will need to know the computer platform on which the software will be run (e.g. Windows, DOS or Macintosh).
One of the Research Foundations newest publications is entitled A Balanced Scorecard Framework for Internal Auditing Departments. Internal auditings changing mission, roles, and strategies have led departments to rethink and refine their strategy and performance priorities. The balanced scorecard is an effective tool for fine-tuning and implementing strategy and for showcasing the value of an internal audit department. The author of this 96 page paperback publication can help you refine and translate your departmental strategy into positive action using a balanced scorecard framework.
The publication (order number 414, price is $50 for IIA members and $65 for nonmembers) can be purchased through the IIA Distribution Center (toll free in the U.S. 1-877-867-4957).
We extend our congratulations to the following members of the Dallas Chapter who were recognized for their ten, fifteen, twenty-five, and thirty year anniversaries with The Institute of Internal Auditors. Also please welcome our newest members.
|October 2002 Anniversaries|
Lowell Glenn Roberson
We will continue to honor Dallas Chapter Members at meetings and through the newsletter as members reach their milestone anniversaries with The Institute.
Bryan Vincent Mizeur
Samuel Van Bever
Steven Richard McGee
|October 2002 New Members|
Chanel Christoff Davis
Henlen E. Gagoud
Maria Elena C. Husain
Jason D. Kitchens
Virginia L. Sumrall
Please call +1-407-937-1375 for audit group rates.
Mark Nigrini Ph.D., a Dallas IIA Chapter member since 1997, and former SMU faculty member, has recently completed a new book titled Using Microsoft Access for Data Analysis and Interrogation. The book is aimed at internal auditors and focuses on finding anomalies in data sets. These anomalies will usually be evidenced by abnormal duplications, or extreme ratios between related records. The anomalies could indicate possible fraud, potential errors, outliers, biases in the data (numbers skewed to a value or range of values), processing inefficiencies, or a change in the composition of the numbers between time periods for continuous monitoring.
The first three chapters discuss data analysis theory (including Benfords Law), practical data analysis issues for auditors, and the basics of data analysis using Access. Chapter 4 gives an overview of data analysis in Access. Chapters 5 to 11 discuss data interrogation tests for auditors with tips and hints for auditors and how to do the tests in Access (demonstrated with detailed screen shots). Chapters 12 and 13 cover the tests included in specialized data analysis packages including audit sampling, histogram, gaps, duplicates, and aging. Chapter 14 is a review and discussion chapter.
Nigrini shows that Microsoft Access is an excellent data analysis tool. The main features in Microsoft Access supporting data analysis through queries are:
The book includes two test data sets that allow users to duplicate the screen shots, and Excel templates that produce graphs that match the format of the graphs in the book. More details can be found at:
The Chapter is happy to announce a Special Door Prize Drawing at the end of the Chapter Year for people who have attended 4 or more monthly luncheon meetings between September 2002 and April 2003. The drawing will be held at the May 2003 luncheon. You need not be present to win, but since the winner would be a "frequent attendee", he/she will probably be there! The prize will include a gift certificate toward dinner for two and the "Chocolate and Champagne" one night special at the Hotel Intercontinental.
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.
The Federal Reserve Bank of Dallas is seeking experienced AUDITOR candidates.
The position requires:
Persons in this position:
The Federal Reserve Bank of Dallas is one of the 12 district banks that, along with the Board of Governors in Washington, make up the central bank of the United States. The Federal Reserve Systems three major responsibilities are to set monetary policy and manage the money supply; to regulate and supervise banks; and to serve as a bank for the banking industry, provide financial services, and serve as the fiscal agent for the Federal government. The majority of the operations at the district banks, and the focus of audit activities, are focused on this last responsibility.
The Federal Reserve Bank of Dallas is located near downtown Dallas. The Bank offers a comprehensive benefits package that includes: medical and dental benefits on your first day, tuition reimbursement for full/part-time employees, employer matching 401(k), an on-site cafeteria, free, underground, on-site parking, and a 24 hour fitness center. We are proud to be an equal opportunity employer!
Due to the large volume of resumes we receive, we do not acknowledge receipt of each resume and are unable to give status updates. If a strong match is found between your qualifications and the requirements of the position, a member of the recruiting staff will contact you to further discuss the career opportunity. In the event that you are not contacted within a 2 to 3 week period, it is likely that we are pursuing other applicants. However, your resume will be maintained within our resume database should your skills and qualifications present a strong match to future positions. We encourage you to return to our website on a regular basis in the event that another position is of interest to you.
To apply visit the employment section on our website at www.dallasfed.org.
The DFW International Airport is the worlds third busiest airport based on total operations, and the fifth busiest in passengers. DFW Airport employees approximately 1600 people, and is seeking a Senior Information Systems Auditor.
Under the general direction of the Assistant Director or Audit Manager, the incumbent in this newly created position will assist in the Automated Parking System design review process, as well as program and perform professional-level information systems audit work to assist the Board of Directors and management by independently reviewing programs, activities, and resources for which the Airport is accountable and by communicating results useful for increasing accountability and ensuring efficient, effective, and ethical management practices.
Bachelor's degree in information systems, accounting, or a related field.
Three (3) years of experience auditing information systems.
Possession of a valid Class C driver's license.
REQUIRED KNOWLEDGE, SKILLS AND ABILITIES:
Knowledge of the principles, practices, and techniques of accounting and auditing; techniques, tests, and sampling methods involved in conducting audits; computer-oriented business systems and related controls.**Skill in using Microsoft Office Suite, including development of Access databases; developing retrievals, queries, and reports of computerized information; monitoring the acquisition and development of complex information systems.**Demonstrated ability to gather, analyze and evaluate facts and to prepare and present concise oral and written reports.**Ability to communicate clearly and effectively, both orally and in writing, including the ability to interview persons to extract politically sensitive information.
Master's degree in information systems, accounting, or a related field.
Certified Information Systems Auditor (CISA), Certified Public Accountant (CPA), or Certified Internal Auditor (CIA) designation.
Commensurate with experience
This position closes when filled. Interested candidates should apply immediately. Please visit our website at www.dfwairport.com to apply. The Dallas/Fort Worth International Airport is an Equal Opportunity Employer.
Belo, headquartered in Dallas, Texas, is one of the nations largest media companies, with a diversified group of television broadcasting, newspaper publishing, cable news, and electronic media assets. Were seeking talented individuals to join one of the DFW areas most progressive Internal Audit Departments to work with management to enhance the effectiveness and efficiency of operations.
This is a perfect opportunity for an experienced professional to assist the Manager/Information Technology Audit in a hands-on capacity in performing audits in all areas related to Information Technology. The ideal candidate has 3+ years experience in a combination of public accounting, consulting and internal audit. CISA is required with an MBA, CIA or CPA highly desired. PeopleSoft Financial applications, ACL software, HP-UX, Oracle database, client/server, firewall configuration, and national enterprise frame relay network experience is preferable. Nationwide travel of approximately 25% is required, including some weekend stays.
Excellent opportunity for an individual interested in rotating to another department of the Company, locally or nationwide, within 2-3 years. The position requires 3+ years experience, preferably with a combination of public accounting/consulting and internal audit with an undergraduate degree in accounting or similar discipline. CPA certification is required and a MBA, CIA and ACL software experience is desired. Nationwide travel of approximately 50% is required, including some weekend stays.
Candidates for both positions must have strong technical, professional, interpersonal and facilitative skills. Belo offers a convenient downtown location with free parking and a competitive salary and benefits package. Qualified candidates may mail, fax or email resumes with salary requirements to:
P.O. Box 655237
Dallas, Texas 75265
Fax: (214) 977-6603
Equal Opportunity Employer
Please visit www.ahbelo.com
Cadbury Schweppes is a multinational beverages and confectionery company with subsidiaries such as Dr Pepper/Seven Up, Inc., Mott's, Snapple Beverage Group, and the Dr Pepper/Seven Up Bottling Group in North America. We are looking for a Sr. Internal Auditor who will perform audits of financial and management information systems. The Sr. Internal Auditor has significant interaction with business unit management, as the role is responsible for the issuance of reports that summarize audit results and recommendations for improvements to the Company's financial and management information systems.
The target candidate for this position will possess a Bachelor's Degree in Accounting, Finance, Management, Business Administration, or other business related major, and have 3-4 years of recent internal audit experience with some public accounting experience. The ability to understand and analyze complex problems using sound judgment to identify solutions for business issues is critical to success in this role.
Excellent oral and written communication skills.
Knowledge and experience using SAP, PC technology and office productivity programs.
Approximately 50% travel
If you meet these requirements, please apply through the following link:
Apply to DPSU.
No phone calls please. Only those who meet these requirements will be considered.
Dr Pepper/Seven Up is an EEO Employer and complies with all applicable statutes including ADA. Accordingly, Dr Pepper/Seven UP will reasonably accommodate otherwise qualified individuals with disabilities.
Please visit www.dpsu.com.
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