Happy Holidays to one and all from your Dallas Chapter !! We
have had our first taste of winter weather and many other signs of the holiday season are
all around us - have you been to a mall or looked at your calendar lately ?? I hope that
during these busy times you can take time for your professional development and fellowship
with fellow chapter members at our December 13th meeting. Please note that
this is the 2nd Thursday of the month rather than our usual 3rd
Our own Dr. Ray Clay from the University of North Texas will be our
luncheon speaker. Dr. Clay is always entertaining and informative; Im sure you will
find his talk on Ethical Considerations for a Successful Personal Life and
Professional Career to be worthwhile.
The pre-meeting will be a special presentation by our own Sharon Beard
and Vanessa Dennis on their award winning Research Project. This project
on The Benefits of an Endowment Program won FIRST PLACE in the Donald E. Ricketts
Chapter Research competition and our Chapter received special recognition at the
International Conference in Buenos Aires last summer.
The post-meeting will feature another of our own members, Pamela Krakosky,
currently our Membership Chairman. Pam will talk about The Road to Performance Metrics.
In this session, you will learn how to align the stakeholders objectives and risk
management priorities to the internal audit strategic plan and ultimately to the internal
audit performance metrics.
I hope everyone has remembered and is prepared for the new IIA Standards. The mandatory
implementation date (effective date) for the Standards released in December 2000 is
January 1, 2002, and the mandatory implementation date for the new consulting standards
(issued in October 2001) is July 1, 2002. IIA members and Certified Internal Auditors
agree to follow The IIA's Code
of Ethics, which requires compliance with the Standards. All internal auditors,
whether or not they are members of The Institute of Internal Auditors, are strongly
encouraged to adopt the new Standards.
A great deal of information about the new Standards is available on the IIA Web site
(theiia.org) under the Guidance
tab. We've provided the links, so please take a few minutes to review.
See you on the 13th!
This Month's Meeting
Thursday, December 13, 2001
CityPlace Conference Center
Lunch Meeting 12:00pm
Registration begins at 11:30am
Ethical Considerations for a Successful Personal Life and Professional
Presented by Dr. Ray Clay, University of North Texas
A thought provoking presentation on a subject that is rarely considered in
the context presented here. This is not a dialogue of formal rules and regulations that
govern the internal auditing profession. Rather, the presentation examines the basic
principles of ethics, which we all know quite well, but often times fail to apply in our
personal and professional lives. As the pressures related to career paths and personal
accomplishments mount, we tend to abandon the traits that are basic to success. This
presentation is designed to help professionals re-identify those traits and allow them the
opportunity to reexamine their priorities regarding their actions and beliefs.
Dr. Clay currently
holds the Internal Audit Professorship at the University of North Texas. Prior to joining
the faculty at North Texas, he spent three years as Director of Professional Development
for Union Pacific Corporation. Dr. Clay received his Bachelors and Masters degrees from
Northern Illinois University and his Doctorate degree from the University of Kentucky. He
has held faculty positions with Indiana State University and Texas Tech University and
spent time on the audit staff of Price Waterhouse & Co. in their Chicago office.
Dr. Clay has held significant committee appointments with the American Accounting
Association, American Institute of Certified Public Accountants, and the Institute of
Internal Auditors. He is the author of five books, twelve continuing professional
education courses, and numerous articles appearing in professional journals. Dr. Clay
serves as a consultant for several firms and has twice been named the Outstanding
Continuing Education Discussion Leader by the AICPA and three times by the Texas Society
of CPAs. He also received the 1999 Leon Radde Educator of the Year Award from the
Institute of Internal Auditors, and was named Outstanding Accounting Educator by the Texas
Society of CPAs in October 2000.
International Award Winning Research Project
Sharon Beard & Vanessa Dennis, JCPenney
Co Chairs, Dallas Chapter Research Committee, 2000-2001
Our chapter's submission titled Benefits of an IIA Endowed Program
was selected by the IIA's Board of Research Advisors as their 1st
Place winner of the Donald E. Ricketts Chapter Research Award
for the 2000-2001 competition. The Committee will share the results of the research
project during this pre-meeting.
The primary objective of the Dallas Chapter's submission was to communicate the
benefits of the IIA endowment program at the University of North Texas. Knowing these
benefits, other IIA chapters and local businesses may seek to partner together to form
additional endowment programs. These programs provide additional educational resources for
universities, thus enhancing the training, education, and employability of students, and
provide the Internal Auditing profession with a valuable employment resource.
Benefits of an IIA Endowed Program is available to download
in PDF format. It can be viewed with Acrobat® Reader, which is available free
Members of the Chapter's 2000-2001 Research Committee were:
Sharon Beard, Committee Co-Chair, CPA
Vanessa Dennis, Committee Co-Chair, CPA
Stan Ellis, CPA, CFE
Tarazeta Huntley, CIA, CISA
Mike Kennedy, CIA
Steve Lantrip, CISA
Bob McCall, CIA, CISA
This makes two years in a row the Dallas Chapter has distinguished itself
in this area, as the 1999-2000 competition was also won by the Dallas Chapter with the
submission titled Audit
Department Management. (PDF, 861 KB)
Post Meeting 1:30pm
The Road to Performance Metrics
Pamela Krakosky of Pricewaterhouse Coopers
How do you know if you are measuring up to the expectations of your stakeholders? Many
internal audit departments have yet to define their performance metrics. Or if they have
their metrics established, the value drivers may not be aligned with the expectations of
the stakeholders. In this session, you will learn how to align the stakeholders objectives
and risk management priorities to the internal audit strategic plan and ultimately to the
internal audit performance metrics. This framework will help you to drive value for
Pamela Krakosky is a Senior Manager for the Global Risk Management
Solutions Practice at PricewaterhouseCoopers and has over 16 years of industry and client
service experience, including 12 years of internal audit experience. Pamela joined
PricewaterhouseCoopers to manage all aspects of internal audit engagements for
multi-billion dollar clients and Fortune 500 companies. She has extensive experience in
performing risk assessments and rendering internal audit consulting services. In addition,
she has been involved with several companies to improve their business processes by
understanding emerging risk management concepts and control models.
Prior to joining PricewaterhouseCoopers, Pamela was the Director of Internal Audit of a
billion-dollar international company. In this role, Pamela was responsible for supporting
the accomplishment of strategic objectives and helping ensure that established financial,
operational and compliance practices were adequate and operating effectively within the
company. As a strong relationship builder, Pamela was able to proactively identify
opportunities or problems and facilitate understanding and solution development.
This meeting is being held at CityPlace Conference Center.
Note: The DART rail station at CityPlace is now open! Check for
information and schedules at DART's website: 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.
|Meeting / Luncheon Fees:
Walk-ins (members or non): $30
Phone/Fax/E-Mail Fee: $2
Reservations must be received by noon on Friday December 7, 2001
or a $5 late fee will be charged.
We reserve the right to bill for "no-shows."
Please mark your calendar for future meeting dates for the 2001-2002 chapter year:
- Thursday, January 17, 2002
- Thursday, February 21, 2002
- Thursday, March 21, 2002
- Thursday, April 18, 2002
- Thursday, May 16, 2002
Research Foundation - Update on Research Projects
The following Research Foundation projects have estimated completion dates through the
first quarter of 2002. Dave Hallo will let us know when they have been published and
available for purchase.
- Effective Compliance Systems: A Practical Guide for Educational Institutions
- Value-Added Services of Internal Auditors
- A Balanced Scorecard for Internal Auditing
- Risk Exposures in Employment and Human Resource Management Practices
- The Internal Auditor's Role in Enterprise Risk Management
- Risk Assessment by Internal Auditors using Past Research on Bankruptcy
Please join us in welcoming our newest members to the Dallas Chapter:
Report Your Speaking and Writing
It's time again for the survey to determine which IIA Dallas Chapter members have
submitted articles or spoken during November, 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 December 15, 2001. Contact Dace Ward (email@example.com, 972-605-6128) if you have any
Position: Senior Operational Auditor
Location: Arlington, TX
Winner of the 2001 Rochester Institute of Technology/USA Today Quality Cup for
excellence in customer service, San Francisco-based Providian Financial is a
leading provider of lending and deposit products to customers throughout the U.S., and
offers credit cards and deposit products in the UK and in Argentina. Providian Financial
has been named one of America's Most Admired Companies in a survey by Fortune magazine,
one of the nation's top financial institutions by U.S. Banker magazine, and one of the
most technologically innovative companies in the U.S. by InformationWeek magazine. The
Company has more than $36 billion in assets under management and almost 18 million
Due to our growth we are looking for a personable team member to join our Finance
Supervise operational and financial statement audits, Coach and develop staff, plan
audit engagements, including identifying and assessing risks, developing and executing
appropriate tests of controls, presenting results and recommendations for improvements to
management, and drafting audit reports.
Minimum 5 years audit experience, 2 years supervising projects. CPA or CIA preferred.
Financial services experience a plus. Excellent analytical, verbal and written skills and
a dynamic personality with the ability to work effectively as part of a team or
independently as an individual contributor, demonstrating a continuous commitment to
Send your resume with the job code 002785
Visit our website at: www.providiancareers.com
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
P.O. Box 10001
Dallas, TX 75301-4321
Phone: (972) 431-5946
Fax: (972) 431-5995
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 Tracie Martin (firstname.lastname@example.org) at 214-820-6970 for