Due to the Thanksgiving break and the earlier
meeting date in December,
reservations are due this Friday, December 6th, at noon.
Seasons Greetings from the Dallas Chapter of The IIA,
it is finally getting cold
holiday music is on the radio
are at least partially up
friends and co-workers are getting into the spirit
travel and party plans are being made
and the mall parking lots (and all the
JCPenney Stores) are packed
Yes, it looks like the holidays are here!
Please join the chapter on December 12th for an exceptionally
important and special monthly meeting.
As you know, the ripple effects of the Sarbanes-Oxley act are already impacting our
profession. Come to the December meeting and learn more about this important legislation
from experts in the field.
10:30 a.m. - Pre meeting - "The Changing Corporate Governance
Scott Graham and Jim DeLoach will specifically discuss the role that the internal audit
function should play in the post Sarbanes-Oxley world.
11:30 a.m. - Lunch Meeting - "Latest Updates from the SEC on
Sarbanes-Oxley and Current SEC Investigations"
We read about a new SEC Investigation nearly every week. Spencer Barasch, with the
Securities and Exchange Commission (SEC), will provide us with the SECs perspective
on the recently enacted Sarbanes-Oxley Act and related corporate governance issues. In
addition, he will give us an update on the focus of current SEC investigations.
1:30 p.m. - "Panel Discussion On Looking Forward To The New Year"
Panel discussion highlighting the changes that local internal audit departments have
made to address Sarbanes-Oxley. Speakers include Scott Graham and Jim DeLoach with
Protiviti, Spencer Barasch from the SEC, as well as Corporate Audit Executives from
several Dallas-based companies.
Because of the importance and impact that these topics have on us all, we have
designated this meeting as Bring Your Chief Audit Executive (CAE) day.
Please come to the meeting for a great learning experience, networking opportunity and
May peace and joy be with you and your families this holiday season.
David Price, CIA, CPA, CISA
Thursday, December 12, 2002
CityPlace Conference Center
Looking Forward to the New Year -
Latest Profession Updates
The December meeting of the Dallas IIA has been designated as Bring Your CAE
day. We will be discussing the recently enacted Sarbanes-Oxley Act and related changes
necessary to existing corporate governance structures.
All CAEs that sign up for and attend
the meeting will receive 2 free tickets
to the Frisco Rough Riders game on May 13th
Lunch Meeting 12:00pm
Registration begins at 11:30am
Latest Updates from the SEC on Sarbanes-Oxley and Current
Spencer C. Barasch, United States Securities and
The financial issues affecting US companies in 2002 have been widely publicized and
highly scrutinized. Audit groups both large and small have no doubt been effected by these
events! As a result, the SEC has placed improving financial reporting at the top of its
agenda and has issued numerous new rules and rule proposals this year. These changes
include the creation of a new regulatory framework for the accounting profession and
rulemaking to implement the requirements of the Sarbanes-Oxley Act.
Mr. Barasch will provide us with the SECs perspective on the recently enacted
Sarbanes-Oxley Act and related corporate governance issues. In addition, he will give us
an update on the focus of current investigations within the SEC.
Spencer C. Barasch has been employed with the United States Securities
and Exchange Commission for the past 15 years. Mr. Barasch is currently the Associate
District Administrator for the SECs Fort Worth District Office, where he heads-up
the SECs enforcement program in four states - Texas, Oklahoma, Kansas and Arkansas.
Previously, Mr. Barasch served as Assistant Director of Enforcement in the SECs
Regional Office in Miami, Florida and as a Trial Attorney in its Fort Worth Office.
Under Mr. Baraschs direction, the Fort Worth and Miami offices have filed
numerous enforcement actions involving a myriad of securities law violations, including
financial and accounting frauds, stock manipulations, insider trading violations,
broker-dealer and investment adviser schemes, mutual fund abuses, and various Internet
investment frauds. In a number of cases, Mr. Barasch has been appointed a Special
Assistant U.S. Attorney or District Attorney to assist in criminal prosecutions.
Currently, Mr. Barasch is leading confidential SEC investigations into the financial
affairs of a number of Fortune 500 companies.
Mr. Barasch also is an Adjunct Professor at the Texas Wesleyan School of Law, where he
teaches Securities Regulation.
Before joining the Commission, Mr. Barasch was Associate General Counsel to the
Oklahoma Securities Commission. He obtained his B.A. from Duke University in 1980 and his
J.D. from the University of Tulsa in 1984.
The Changing Corporate Governance Landscape
In recent months, we have witnessed more sweeping change in corporate governance
requirements than at any time since the Great Depression. The loss of investor confidence
and increased political and media attention, resulting from the actions of a few, have
spawned more dialogue among directors, management, internal auditors, external auditors
and other parties about governance issues than most of us can recall in our lifetimes. The
new Sarbanes-Oxley Act of 2002 has placed tremendous new requirements on executive
officers and their organizations. The NYSE and NASDAQ are also raising the bar for listed
companies. Many questions are on the minds of directors, certifying executives, and other
senior managers and auditors as they work together to facilitate compliance with new
regulations and improve public awareness of and confidence in sound, ethical business
Protiviti will explore some of the more frequently asked questions about the new
corporate governance landscape, and specifically discuss what role the internal audit
function can and should play in the new environment.
Scott Graham is a Managing Director in Protiviti's Dallas office. He
is responsible for the firm's internal audit practice, including corporate governance
services. He has over 17 years of experience in financial, operational and technology
auditing and has served clients in California, Utah and Texas. Scott has significant
experience with large, multinational companies in the manufacturing, technology,
transportation and retail industries. He is a member of Protiviti's Corporate Governance
Competency team focusing on helping companies respond to the Sarbanes-Oxley Act of 2002.
Jim DeLoach is a Managing Director with Protiviti's Houston office. He
has provided advice and counsel to clients for over 31 years. He is Protivitis
leader in the firms market offerings of enterprise-wide risk management and
governance services. He is co-author of Managing Business Risk: An integrated approach,
published by The Economist Intelligence Unit in 1995, and of several articles covering
various aspects of business risk assessment and management. Mr. DeLoachs latest
book, Enterprise-wide Risk Management: Strategies for linking risk and opportunity,
was published by Financial Times in June 2000 and was the first book written on the
subject of enterprise-wide risk management. He has delivered numerous presentations on
risk management and governance matters to many companies and groups in 26 countries on
every inhabitable continent. He writes The Bulletin, Protivitis publication
on governance related issues, and recently wrote Frequently Asked Questions Regarding
the Sarbanes-Oxley Act Executive Certification Requirements.
Looking Forward to the New Year
Panel discussion including Scott Graham and Jim DeLoach
with Protiviti, Spencer Barasch from the SEC, as well as Corporate Audit
Executives from several Dallas-based companies.
The focus of the panel discussions will highlight the changes that local companies have
made in reaction to the Sarbanes-Oxley Act and then to plan for the expected changes to be
made in the new year. Dont miss this opportunity to discuss with your peers the many
changes that are occurring in the local corporate landscape!
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.
|Meeting / Luncheon Fees:
IIA Members: $25
Walk-ins (members or non): $30
Phone/Fax/E-Mail Fee: $2
Reservations must be received by noon on Friday, December 6, 2002
or a $5 late fee will be charged.
We reserve the right to bill for "no-shows."
Please mark your calendar these meeting dates for the 2002-2003 chapter year:
- January 16, 2003
- February 13, 2003
- March 20, 2003
- April 17, 2003
- May 13, 2003
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.
The chapter has some great seminars scheduled for the New Year:
- Successful Tips to Get Your Next Job will be held
the morning of January 23, 2003 at CityPlace Conference Center.
- will be held in February 7-10, 2003 at
the JCPenney Park Central Building.
Spring 2003 CIA Review Course
- Academic Relations Committee Seminar will be held
the morning of February 13, 2003.
for all the details as they become available!
- Fraud Detection and Prevention Techniques will be
held the afternoon of March 20, 2003 at CityPlace Conference Center.
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 13, 2002. Contact Magdalena
Kovats (972-389-3344 or email@example.com)
if you have any questions.
Phone Call Opt Out
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."
Why aren't you certified?
Did you know the IIA offers more than just the CIA exam? Make a commitment to become
certified in 2003!
CERTIFIED INTERNAL AUDITOR (CIA) - The premier certification:
- Demonstrates your commitment to the internal audit profession.
- Demonstrates your understanding of The IIA's Standards for the Professional Practice of
- Enhances your overall skills and knowledge of internal auditing.
- Establishes credentials in internal auditing.
- Provides a comprehensive study for new internal auditors.
- Provides a global measure of your value in internal auditing.
- Provides for greater acceptance as an advisor to management.
CERTIFICATION IN CONTROL SELF-ASSESSMENT - The IIA's first specialty
- Enhances clients' and senior management's confidence of your understanding of the CSA
- Offers prospective employers clear evidence of CSA knowledge and training.
- Provides a training ground for performance.
- Provides the required knowledge of areas such as risk and control models.
- Provides eligibility for Professional Recognition Credit for Part IV of CIA exam.
CERTIFIED GOVERNMENT AUDITING PROFESSIONAL
- Demonstrates commitment to auditing excellence in the government sector.
- Demonstrates that you understand government auditing standards including The IIA's
Standards and GAGAS.
- Identifies leaders in government auditing.
- Provides the opportunity to serve as an example of the best in public sector auditing.
- Provides eligibility for Professional Recognition Credit for Part IV of CIA exam.
CERTIFIED FINANCIAL SERVICES AUDITOR (CFSA) - the newest specialty examination:
- Designed for financial services auditing, banking, insurance and securities.
- Demonstrates competency in financial services auditing practices and methodologies.
- Demonstrates you are a professional who has demonstrated comprehensive knowledge of
audit and financial services.
Visit the IIA website at http://www.theiia.org
(certification tab) for test information and study aids.
MicroMash CIA study aid on sale!
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 their
website at 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). The perfect gift for that aspiring CIA!
At the IIA 2002 International Conference in Washington, D.C., the Chattanooga Area
Chapter was named as the first place winner of the Donald E. Ricketts Research
Award. Their research paper was entitled Questions for Internal Auditors. The
purpose of their research project was to identify practical ways that internal auditors
can use questions to achieve specific audit objectives. The 15 page report provides
practical suggestions for improving communication with clients through the development of
effective questioning skills. If you would like a copy of the report, please send an email
request to Dave Hallo at firstname.lastname@example.org.
Please welcome our newest members:
|November 2002 New Members
Angela Denise Brun
Melissa G. Coronel
Laura A. Juillerat
Sheri P. Kowalski
Patricia D. Madsen
Magaral S. Sridharan
- The IIA newsletter Auditwire will go electronic January 1, 2003. This means no
hard copies will be mailed. Please check your member profile via the IIA Web site to make
sure that your current email address is included. You can update the information online or
contact customer service at email@example.com
- With the IIA Headquarters move to a new building and the change in logo, new membership
cards will be sent to all members. The cards will have member ID and Web password
imprinted on them and will be mailed in December. Keep an eye out for them!
- Effective January 1, 2003, a number of membership categories for individuals and audit
groups will experience a small dues increase. We encourage you to renew your memberships
or take advantage of the membership madness nonmember program. The new dues structure for
individual memberships as of January 2003 is as follows:
Please call +1-407-937-1375 for
audit group rates.
The Dallas Chapter Social Committee would like to invite you to
participate in a Community Service Social. We will assist in a Christmas Bingo
event to be held at a Dallas Senior Citizens Center (exact location to be
communicated at a later date) on December 7, 2002 from 2 p.m. to 3 p.m. Volunteers will be
aiding residents in playing the games, distributing hot cocoa and cookies, and visiting
with the residents. We ask that volunteers bring prizes of $2-5 to distribute to bingo
game winners. Please join us in spreading the joy of Christmas into the lives of these
residents. If you are interested in joining in the festivities, please contact Cynthia
Blease at 214-820-2575 or via e-mail at Cynthibl@baylorhealth.edu.
The Dallas IIA Research Committee Needs Your Help
How is the recent coverage regarding improper accounting practices and lack of controls
affecting audit shops in the Dallas-Ft Worth area? What should you be considering, as an
audit department, as a result of the Sarbanes-Oxley Act? What is next in the post Enron
audit universe? How are these items going to impact the future role of Internal Auditing?
These questions are the driving force around the Dallas Chapters 2002-03 research paper.
The research committee is being led by Maurice LaVerdure and David Shackelford of
Jefferson Wells International. They need assistance from you, the chapter membership, in
helping them collect the information needed to develop the research paper. This is a first
hand opportunity to find out what other Audit Shops are doing in relation to these issues
and to help those in the profession identify potential changes they may face going
If you are interested in helping out with the research paper, please contact Maurice
LaVerdure (214-740-5504) or email at firstname.lastname@example.org.
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.
Internal Audit Department
Come grow with us! One of the Southwest
regions largest CPA and Consulting firms is looking to create an Internal Audit
Practice. This newly created practice in the Dallas/Ft Worth area will provide the right
candidate with an opportunity to establish and grow Internal Auditing within this
We are seeking a candidate with significant corporate and/or Big 4 experience who has a
demonstrated track record in growing an internal audit practice. Candidate must be a
self-starter with demonstrated interpersonal, written, and presentation skills. CPA
preferred and CIA required.
Please contact email@example.com
for a confidential screening.