Dallas Chapter of the IIA eNews
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eNews Update - December 2000

This is the latest edition of eNews for the 2000 - 2001 chapter year. Use the buttons at left to navigate to the major sections of the newsletter.

To "Unsubscribe" go to DallasIIA.org/E-News.htm, enter this e-mail ID and select "Unsubscribe." To change the e-mail address you receive this newsletter, unsubscribe as noted above and then "Subscribe" with the desired ID. Note: there will be no printed newsletter this year. All newsletters will be sent electronically.


Tuesday, December 12, 2000
12:00 Lunch Program

11:30 Registration

Photo of Speaker Harvey Rosenblum, Senior Vice President and Director of Research of the Federal Reserve Bank of Dallas

Economic Outlook for 2001

Harvey Rosenblum, is Senior Vice President and Director of Research of the Federal Reserve Bank of Dallas. In this capacity, he serves as economic policy advisor to the Bank’s president and as an associate economist for the Federal Open Market Committee, which formulates the nation’s monetary policy.

A widely recognized expert on both the national and Texas economies, Rosenblum has written articles for such publications The Journal of Finance, New York Times, The Southwest Economy and The Handbook of Banking Strategy.

Active in economic education, Rosenblum is a visiting professor of finance and economics at Southern Methodist University, teaching courses in contemporary issues in monetary policy and financial institutions and markets. He is vice president of the National Association of Business Economists.

Rosenblum received a B.A. in economics from the University of Connecticut in 1965 and a Ph.D. in economics from the University of California, Santa Barbara, in 1972. He was also a visiting professor of finance with DePaul University from 1973 until 1985.

He began his career with the Federal Reserve in 1970 as an economist with the Federal Reserve Bank of Chicago, advancing through the ranks to vice president and associate director of research in 1983. In 1985, he joined the Dallas Fed as senior vice president and director of research.

His current research interests focus on monetary policy, electronic money, social security reform, international trade, and dollarization in Latin America.

10:30 Pre-meeting

Identifying & Reducing Risk in
Human Resources

Presented by Beth Patterson, Deloitte & Touche. Beth is a Senior Manager with the Human Capital Advisory Services of Deloitte & Touche. Beth is certified as a Senior Professional in Human Resources (SPHR) and has practiced in the area of HR strategy development for over 15 years. She has consulted with organizations in various industries regarding HR strategies, processes and programs.

1:30 Post-meeting

A tour of the Federal Reserve Bank of Dallas

Remember Economics 101 when you learned what the Federal Reserve Bank was and what they did? Maybe you have long since forgotten. Ever driven by the Federal Reserve Bank Building just north of downtown Dallas and wondered what goes on in there?

Now is your chance to find-out. Alan Greenspan will not be there - and you can’t see everything - but you will learn something about how the Fed works and what goes on in the local District Reserve Banks.

Where? The Fed is 5 minutes (2 miles) from CityPlace (simple driving directions below).

When? We will meet at the Fed sometime between 1:30 and 2:00 – depending on when the luncheon concludes. We will announce the time you should be at the Fed at the conclusion of the luncheon.

How Long? The tour should last no more than 1 hour.

CPE Credit? Sorry, not this time.

Reservations? Yes, Please !! We need a fairly accurate count for the Fed security folks and tour guides.

Driving Directions! Once you exit the CityPlace garage, get on the Central Expressway SOUTHBOUND SERVICE ROAD and stay on the service road. The service road curves to the right and becomes the Woodall Rogers Freeway Service Road. At North Pearl Street turn right. The first street will be Thomas Avenue; turn right again. Turn right immediately into the visitor’s parking lot (white iron fence) and park anywhere. The building entrance is on Pearl.

Map to Citypalce

All Meetings are at CityPlace Conference Center, 2711 North Haskell at Central Expressway in Dallas. This month: 42nd Floor.

Please Note: Due to the meeting being on Tuesday this month, reservations will close at 12:00 Noon promptly on Friday, December 8th.

Preferred Method

The best method to confirm your reservation is via the website at DallasIIA.org/Reserve.htm.

Secondary Method

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


Gina Bailey, TXU
Phone: 214-812-5937
Fax: 214-812-6676

Luncheon Fees:

Members: $25
Non-Members: $30
Students: $15
Phone/Fax/E-Mail Fee $2

Reservations must be received by noon on Friday, or a $5 late fee will be charged.

We reserve the right to bill for "no-shows"

Note: When you register for the January 2001 meeting, you will be asked for some additional information in order to keep you name tag accurate.... Look for it Next Month....

Meeting Dates for the 2000-2001 Chapter Year
January 18, 2001
February 15, 2001
March 15, 2001
April 19, 2001
May 15, 2001

The program calendar is now on the web. Go to http://dallasiia.org/Events.htm for details.

Congratulations to Nancy Pannell and Paul Brown for scoring among the best on the May 2000 CIA exam

At the November IIA meeting, Nancy Pannell and Paul Brown were presented the William R. Smith certificate of honor for outstanding performance on the May, 2000 CIA exam. The William R. Smith certificate is awarded based on CIA examination scores for those taking the exam for the first time and sitting for all four parts. It is presented to the 25 CIA candidates with the highest exam scores, after the gold medallist and top five.

Nancy is a graduate from the 5-year accounting program at the University of North Texas and recently joined the JCPenney Business Process Review audit team. Prior to working at JCPenney, she worked at TXU on the Generation, Mining and Shared Services audit team. Nancy says, “I was surprised by my score! I focused on studying the questions and answers from old tests and it worked really well.” **

Paul is a December 1999 graduate of the 5-year accounting program at the University of North Texas. He is currently a staff auditor at The University of Texas at Arlington. Paul studied 10 hours a week for approximately two months during the evenings and lunches. He said “I think it helped taking the exam straight out of school.”

**An addition note on Nancy, she has just accepted the position of Chairperson of Community Service for the Dallas IIA Chapter.

2001 Dallas IIA Chapter Editorial Campaign
$$$Cash Prizes$$$

Write an Article for the Internal Auditor Magazine today and win cash. The Editorial Committee is sponsoring a contest beginning in January and running through March 31st. Three prizes will be awarded for articles published in the Internal Auditor Magazine. First place will receive $150, second place $100, and third place $50.

Contact Ruth Burton at 972-652-5240, Ruth_Burton@AFCC.COM or Ken Helpert at 972-705-6075, ken_helpert@comsys.rockwell.com for more information.

Write and Win Today!!!

Look for more info at http://dallasiia.org/Editorial.htm

IIA Research Foundation Survey

The Research Foundation is currently conducting two online surveys. The first one is on fraud and the purpose is to find out how fraud and related issues are addressed by internal auditors and their respective organizations. The second online survey is on Enterprise Risk Management (ERM). The topics in this survey includes ERM implementation, organizational structures, process frameworks, measurement tools, and best practices. To participate in either of these surveys, please see the IIA website (www.theiia.org).

IIA Research Foundation

The Research Foundation is sponsoring the Esther R. Sawyer Scholarship Award, which will be presented to one graduate student or team of students meeting the award criteria. The winner(s) will receive $5,000 and the winning student IIA-endorsed school will receive up to $3,000 to be used in the IIA-endorsed program or for the purchase of materials related to internal auditing. The candidate(s) will submit a manuscript on the topic of “New Uses of Software by Internal Auditors in Support of Risk Management, Continuous Monitoring, or Data Analysis.” The submission deadline is March 1, 2001. For specific award criteria and other information, please e-mail the Research Foundation (Susan Lione at slione@theiia.org).

Upcoming Seminars

Auditing E-Commerce Infrastructures

A Step-by-Step Approach to Identifying Risks and Evaluating Controls in an EC Environment

Presented by Mark Williams of MIS Training Institute

Seminar Focus and Features: This two-day seminar takes an in-depth look at the environmental controls necessary to effectively and securely operate an electronic commerce business. You will begin with an intensive review of the hardware and network infrastructure, and examine typical IT controls vs. those required for an e-commerce structure. Using class exercises, you will identify the new business and audit risks unleashed by EC technologies and analyze the new requirements for successfully maintaining and implementing EC infrastructures. You will explore the design and implementation of effective internal control systems that will mitigate these risks and you will benefit from infrastructure strategies that have been successfully implemented in the real world. You will learn how to assess and document inherent risk within your organization, and master strategies that will help you conduct audits of EC infrastructure implementation, operation and change management.

Instructor: Mark Williams is a Senior Instructor for MIS Training Institute with 10 years of experience in the field of Systems Audit and Control. Mr. Williams provides training and consulting in the areas of e-commerce, intranet and Internet security policy, security solutions, and security audits. Additionally, Mr. Williams has experience in development and implementation of SAP/R3, and SAP/R3 audit and security training. Previously, Mr. Williams was Director of Data Security for Unitrin Data Systems, where he was responsible for writing the corporate security policy; designing and implementing the corporate Certificate Authority solution and Certificate Practices Statement; installing and managing a VPN solution for remote users; and installing and monitoring Intrusion Detection systems. He has held positions in IT audit for various multi-national corporations, and provided international support in Europe and South America. He has also performed IT audit responsibilities in banking, and in government. He is a lead instructor for MIS Training Institute and has taught e-commerce and internet audit and security courses for a variety of corporate and government organizations.

Date and Time: January 25 - 26, 2001 from 8:30 am to 5:30 pm, registration begins at 8:00 am. Deadline for enrolling in the seminar is January 19, 2001.

Location: CityPlace Conference Center, 2711 Haskell (southeast corner of Central Expressway and Haskell).

Fees and CPE: $400 for IIA Members and $450 for Non-Members. (The price includes continental breakfast, and morning and afternoon snacks for both days.) You will receive 16 hours of CPE. Checks should be made payable to IIA Dallas Chapter and mailed to the attention of Pamela Soliz at PricewaterhouseCoopers, 2001 Ross Avenue, Suite 1800, Dallas TX 75201.

Contact: Pamela Soliz (pamela.soliz@us.pwcglobal.com) 214-754-5084

Register On-Line at http://www.dallasiia.org/January_seminar.htm

Institute of Internal Auditors International

& The Tulsa Chapter present

Digital Analysis Using Benford’s Law

Technology, Tests, Tips and Tricks

Participants should have a basic knowledge of electronic spreadsheets.

February 9, 2001

This seminar turns the ten digits and what can be learned from them, upside down and inside out..

Digital analysis, one of the biggest advancements in internal auditing in recent years, is a new technology used by auditors to test the validity of large data sets. In this seminar participants will:

  • Discuss Benford’s Law . . . the secret law of numbers!
  • Learn how to conduct innovative tests of financial data.
  • Search for abnormal duplications of digits, digit combinations and specific numbers.
  • Uncover a special formula designed to match vendor and employee addresses despite spelling differences.
  • Discuss and analyze fraudulent output generated during a fraud detection exercise.

Digital Analysis using Benford’s Law will be conducted by Mark J. Nigrini who promises an informative, lively and entertaining learning experience. The seminar will include:

  • the analysis of census numbers from 3,000 years ago
  • his experience with the Clinton tax returns
  • a winning blackjack strategy using an easy method of card counting, and
  • even tips for selecting lottery numbers!

* * * Buy 3 get 1 Free * * *

IIA Members $325 Non-members $350

Early Bird Special: If paid by January 5, 2001

IIA Members $300 Non-members $325

Will be held at: Citgo’s State-of-the-Art Learning Center

1st Floor - 6130 South Yale Avenue, Tulsa, OK

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(Print and register)

Name ____________________________________

Company ____________________________________

Address ____________________________________


Phone ____________________________________

IIA Member ________ Non-member ________

Mail check and registration form to: Institute of Internal Auditors Attention: Cindy Crawley 707 S. Houston, Suite 300, Tulsa, OK74127 e-mail ccrawley@ci.tulsa.ok.us Phone (918) 596-7832

Career Opportunities

New Career Opportunities are being posted to the web site. Visit DallasIIA.org/Employ.htm for the latest job postings.

Looking for a career change or companies seeking employees? Let the Dallas IIA Employment Committee help you. Individuals seeking positions can send an updated resume to:

Greg Dubis
JCPenney Company
P.O. Box 10001
Dallas, TX 75301-4321
Phone: (972) 431-7121
Fax: (972) 431-7195
E-mail: gdubis@jcpenney.com

Resumes will be kept on file and forwarded to Companies and Recruiters seeking to fill positions.

This service is offered to members at no charge. Also, any Company desiring to advertise a job opening in the Monthly eNews and on the web site may do so for a small fee. Contact Laura Haeussler at (214) 209-9865 for more information.

2000 Dallas Chapter of the IIA
All Rights Reserved


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