January 2019 eNews

February 2019 Monthly Meeting

You are invited to the 2019 February Monthly Meeting on 02/01/2019. Internal Auditors have some of the strongest skills necessary to make an impact on their organizations. The first session will discuss how we can bring out these traits and demonstrate our Leadership skills through coachability, emotional Intelligence, motivation, and temperament. The second session will explore ways Auditors can mount a continuing campaign to sell their products to executive management and the products will be of the quality that will capture and keep management’s interest. Modern internal auditing, to be successful, must be grounded on management support and acceptance and on imaginative service to management.

Michael J. Fucilli CIA, QIAL, CGAP, CRMA, CFE is a Chief Audit Executive with a staff of 85 professionals for a public sector company with Revenues in excess of $15 billion. Mike has 35 years of Internal Audit experience in the private and public sector and his experience includes banking, defense contracting and transportation. Mike is currently President of the IIA Research Foundation Board of Trustees and the IIA’s Global Board. Mike is Vice Chairman, Research of the IIA Executive Committee. Mike is a frequent speaker at key Conferences for the Institute of Internal Auditors and the MIS Training Institute’s on such topics as COSO, Risk Assessment, Internal Controls and Quality Assurance. Mike is an Adjunct Professor for St. John’s University where he teaches the CIA Review class using the IIA Learning System.

The Chapter will also be offering an “Ethics Course for Texas CPA’s” presented by Allison McLeod, LL.M., JD, CPA, from 1:00 pm -5:00 pm (Lunch will be provided). Please visit the website for additional information.

Do not hesitate to register, as spots will fill up fast! This will be a wonderful opportunity for you to network, enhance your skill set, and for professional growth.

Registration is now open HERE but hurry, spots will fill up fast!

Registration cost: $35 – Members and $45 – Non-Members

Registration cost for Afternoon Session only: $55 – Members and $65 – Non Members


UT Dallas

The UT Dallas IAEP is excited to begin this semester! Chapter meetings, social events, and much more are being planned so that our members have a fantastic experience and are provided with exceptional opportunities.

At our first meeting for the semester, we look forward to introducing our program to interested students and hope to welcome as many as possible into our chapter.  The chapter officers have been visiting many classes to introduce us to new students and answer questions.

We are pleasured to have the American International Group (AIG) at our second reception! They will be coming to speak to the student chapter about their company, their internal audit department, and any opportunities they may have.

To work closer with the program, please contact Joseph Mauriello at Joseph.Mauriello@utdallas.edu.


 

Take a few minutes to register for the 2019 14th Annual Fraud Summit. Take advantage of our early-bird discounts through February 15, 2019. The end of the year is upon us so don’t forget to use the rest of your training budget. Click here for more information

The conference will take place over two days. Thursday will consist of your choice of one of the two sessions below and will include lunch, snacks, and beverages. Friday will consist of multiple breakout sessions on varying fraud-related topics and will also include lunch, snacks, and beverages.

When: March 28 – 29, 2019 from 8 AM to 5 PM (CST)

Where: UTD-Naveen Jindal School of Mgmt, 800 West Campbell Rd., Richardson, Texas 75080

Attire: Business Casual

Thursday Workshops- 3/28/2019

Attendees choose one workshop: Price: Individual:  $350 per person ($275 discounted rate by February 15th), Group of 4 or more $250

Mindset of a Fraudster – Nathan Mueller

Nathan Mueller was an accountant for a division of a multinational insurance company. Over a period of four years he embezzled $8.45 million from the company. In this workshop, a fraudster discusses how the fraud was hidden, recounts the remarkable events that led to its detection, and outlines the prevention steps that could have prevented this fraud in the first place.

Learning Objectives:

  • Recognize internal control weaknesses that could be exploited by accounting personnel
  • Adopt effective fraud prevention strategies
  • Implement effective fraud detection strategies
  • Identify and understand concepts of fraud red flag indicators and apply them to professional judgment in auditing, accounting and governance situations.

No prerequisites required. 8 CPE offered.

Through the Eyes of a Whistleblower – William K. Black and Richard Bowen

In 2011, a vice president and chief underwriter at a leading financial services firm in the United States had been witnessing fraud, as the company bought billions of dollars in mortgage loans from external lenders that did not meet corporate policy. This resulted in the sale of pools of loans that were considerably defective and thus likely to default. After reporting the mortgage defects, notifying and working closely with the whistleblower’s direct supervisor to stop the purchase of defective loans, leaving anonymous tips on the FBI’s and the Department of Housing and Urban Development’s websites, and receiving threats from two superiors who demanded false reporting of results, the shy and conflict-avoidant whistleblower had to decide who to tell about the fraud, and how.

This case study gives participants the opportunity to recommend how the whistleblower should proceed based on their analysis of the stakeholders involved. Within the case, participants are also briefly exposed to legislation and bodies pertinent to whistleblowing in the United States, including the Dodd-Frank Act, the Sarbanes-Oxley Act, and the SEC Office of the Whistleblower.

Learning Objectives

  • Analyze stakeholders’ motivations to prepare counter-arguments to the resistance one might encounter when reporting unethical behavior
  • Write a script for who to tell, how, and why
  • Discuss how incentive structures, management, and culture play roles in promoting or hindering ethical behavior in organizations
  • Identify behaviors that help a whistle-blower be effective
  • Gain experience resolving ethical dilemmas in which two values may conflict, such as professional duty and personal ethics

No prerequisites required. 8 CPE offered.

Friday Conference – 3/29/2019

Price through February 15th: $275 early registration discount per person. If four or more are registering from the same organization, the price drops to $250 per person! Price from February 23rd to March 22nd: $350 per person.

Keynote Speakers:

Nathan Mueller: A fraudster turned changed man, Nathan Mueller brings a personal take on what goes through the mind of a fraudster. An accountant, and formerly licensed CPA, Nathan stole $8.5 million and served 5 ½ years for his crimes. His commentary and story have been featured at numerous conferences. Nathan also co-authored “Lessons from an $8 Million Fraud” in the Journal of Accountancy which won the prestigious Lawler Award as the article of the year for 2015.

 

William K. Black, JD, PhD: During the savings and loan crisis, it was Black who accused then-house speaker Jim Wright and five US Senators of doing favors for the S&L’s in exchange for contributions and other perks. The senators got off with a slap on the wrist, but so enraged was one of those bankers, Charles Keating — after whom the senate’s so-called “Keating Five” were named — he sent a memo that read, in part, ‘get Black — kill him dead.’ Black authored the book The Best Way to Rob a Bank is to Own One and is currently a professor at the University of Missouri, Kansas City.


Congratulations Vizient on your External Quality Assessment

Vizient’s internal audit function underwent its first-ever External Quality Assessment in 2018 earning a rating of “Generally Conforms.” This is the best rating possible indicating that the internal audit team of seven performs its duties in accordance with the IIA’s International Professional Practices Framework (IPPF) commonly known as The Standards.

Vizient’s Sr. Director of Audit Services Julie Pence offered some takeaways from the experience:

  • The key pre-EQA activities that were essential to achieving “Generally Conforms” were 1) performing self-assessments and 2) talking to peers about their EQA experiences.
  • One of the biggest lessons we learned, pulling everything together takes longer than you think; conduct your planning with that in mind.

Congratulations to Vizient’s internal audit team for completing their External Quality Assessment and demonstrating its commitment to The Standards!

Have you recently completed an External Quality Assessment?  If so, we’d like to feature you in the next newsletter. Please submit details to the following email address:  contact@dallasiia.org


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2019 General Audit Management Conference (GAM)

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IIA Book of the Month

Create Your Own Sale

In January, chapter members can save 20% off one title published by the Internal Audit Foundation. Visit www.theiia.org/bookstore.

 


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