July 2009 AUDIT WIRE IIA HOUSTON NOVEMBER 2011 Page 1 AUDIT WIRE President’s Message 1 Luncheon and Registration 2-4 New Credential Holders 5 New Members 6 CAP Update 8 MONTHLY INSIGHTS U of H 7 Job Postings 9-13 Dear Members, As we near the end of 2011, our Annual Conference Committee is working hard on the arrangements and speakers for our conference on April 2, 2012. The production of our successful Annual Conference is a round-the -year effort to produce such a large and distinguished event. Deanna Sullivan is chairing the conference for the second year in a row. Please be sure you save the date for April 2 nd . We expect another sell out, with a maximum of 1,200 participants, so you will want to register for the conference as soon as the registration system opens in January 2012. You recently received an email calling for nominations for officer and Board positions for 2012-2013. If you are aware of someone who you believe would be a great volunteer leader for our chapter, I strongly encourage you to submit their name and contact information to Michael Peppers, the chair of the Nominating Committee, or alternatively, you may email or call me. If you would like to be involved in our chapter, please feel free to nominate yourself for a position. As the Nominating Committee works through each of the open positions for next year, we will consider you and/or your nominations. Just as a reminder, our chapter operates on a fully volunteer basis. Unlike many professional organizations, our chapter does not have any paid staff. All the work toward the success of the Houston Chapter is a result of dedicated volunteers. Whether it is a monthly lunch, a CIA review course, managing our finances, chapter governance, or the Annual Conference, there is a group of volunteers working in the background to make each chapter event a success. I encourage you to reach out to the Nominating Committee and become involved in the Houston Chapter. As always, please contact me or any of the Houston leadership team if we may be of assistance. IIA 70 th Anniversary Trivia: Where were the first chapters established outside of North America? Best Wishes, Dan Ramey Houston Chapter President Page 1 Trivia Answer: London and Manila
Transcript
July 2009 AUDIT WIRE
I I A H O U S T O N N O V E M B E R 2 0 1 1
Page 1
AUDIT WIRE
President’s Message
1
Luncheon and Registration
2-4
New Credential Holders
5
New Members
6
CAP Update
8
MON THLY
INSIGHTS
U of H 7
Job Postings 9-13
Dear Members, As we near the end of 2011, our Annual Conference Committee is working hard on the arrangements and speakers for our conference on April 2, 2012. The production of our successful Annual Conference is a round-the-year effort to produce such a large and distinguished event. Deanna Sullivan is chairing the conference for the second year in a row. Please be sure you save the date for April 2nd. We expect another sell out, with a maximum of 1,200 participants, so you will want to register for the conference as soon as the registration system opens in January 2012.
You recently received an email calling for nominations for officer and Board positions for 2012-2013. If you are aware of someone who you believe would be a great volunteer leader for our chapter, I strongly encourage you to submit their name and contact information to Michael Peppers, the chair of the Nominating Committee, or alternatively, you may email or call me. If you would like to be involved in our chapter, please feel free to nominate yourself for a position. As the Nominating Committee works through each of the open positions for next year, we will consider you and/or your nominations.
Just as a reminder, our chapter operates on a fully volunteer basis. Unlike many professional organizations, our chapter does not have any paid staff. All the work toward the success of the Houston Chapter is a result of dedicated volunteers. Whether it is a monthly lunch, a CIA review course, managing our finances, chapter governance, or the Annual Conference, there is a group of volunteers working in the background to make each chapter event a success.
I encourage you to reach out to the Nominating Committee and become involved in the Houston Chapter.
As always, please contact me or any of the Houston leadership team if we may be of assistance.
IIA 70th Anniversary Trivia: Where were the first chapters established outside of North America?
Best Wishes,
Dan Ramey Houston Chapter President
Page 1 Trivia Answer: London and Manila
July 2009 AUDIT WIRE
I I A H O U S T O N N O V E M B E R 2 0 1 1
Page 2
Luncheon Topic and Speaker Information
Topic: Applying Data Analytics to Efficiently Audit Vendors and Contractors Speakers: Paul Pettit, Director at Protiviti Objective: Each year, billions of dollars are spent by companies around the world to start up, operate and maintain their businesses. Of this spending, there are millions of dollars that are billed outside of contract terms, duplicative, or simply errone-ous. With massive amounts of potential cost recoveries and the global econ-omy forcing companies to be more efficient with resources, auditors must apply techniques such as data analytics to audit vendors and contractors for contract compliance. Using tools currently on your computer and asking the right questions of a vendor/ contractor can positively impact your bottom line with significant cost recoveries that can pay for your department and then some. Content: • Learn about key audit rights and gaining electronic access to vendor/contractor data • Find out why invoice data, job cost data and payroll data are important data files to obtain • Leverage tools such as Excel to efficiently audit electronic vendor/contractor data, • Hear about actual data analysis techniques and “real life” findings that could be considered
contract fraud if your vendors/contractors are knowingly billing you with the intent to defraud • Test 100% of the data instead of just samples, increasing your spend coverage and finding
greater cost recoveries, and • Showcase your audit department as an efficient, value adding function within your company About the Speaker: Paul is a Director for Protiviti, a global business consulting and internal audit firm. Since 1999, he has been involved in providing consulting and internal audit services within technical areas of organizations including engineering, procurement and construction. Paul is the national leader of Protiviti’s Capital Projects & Contracts practice. Paul also worked for over nine years in the Engineering, Procurement and Construction (EPC) industry with a Leading EPC Contractor. Paul holds Masters degrees in Business and Environ-mental Management as well as a Bachelors degree in Civil/Mechanical Engineering Technology from the University of Houston. He is certified as a Project Management Professional (PMP), Construction Auditor (CCA), Internal Auditor (CIA), and Professional EH&S Auditor (CPEA). Paul is an accomplished speaker and has been designated the highest professional speaking designation by Toastmasters International in 2006, Distinguished Toastmaster (DTM). Paul has been a member of the IIA since 2000 and has spoken at many chapter IIA luncheons and seminars/roundtables around the country as well as national IIA conferences. He has also written articles and white papers on internal audit topics such as auditing high risk contracts and controlling costs as well as auditing environmental, health & safety programs. Paul currently serves as an IIA District Representative (South Region District #1) with responsibility for five Texas IIA chapters. Learning hours: 1 hr
I IA- HOUSTON CHA PTER
O F F I C E R S 2 0 1 1
PRESIDENT Dan Ramey Pannell, Kerr, & Forster VP ADMINISTRATION Lyn Beaty Halliburton VP COMMUNICATIONS John Harris Experis VP ACADEMIC RELATIONS Rumy Jaleel-Khan Deloitte VP FINANCE Damon Ott Continental Airlines VP SEMINARS Chow Yu Waste Management VP MEMBERSHIP Larry Abston Anadarko SECRETARY Angela Butler UHY Advisors VP TECHNOLOGY Norman Comstock UHY Advisors NEWSLETTER EDITORS
Greg Bone Deloitte Eric Murray Deloitte
July 2009 AUDIT WIRE
Page 15
I I A H O U S T O N N O V E M B E R 2 0 1 1
Luncheon Directions and Information
Date Speaker Topic
February 1, 2010 Joe Oringel (Visual Risk IQ) Continuous Auditing
March 1, 2010 Jeff Gardner (PWC) Sustainability: What is Internal Audit’s Role?
Day of Meeting
Registration Begins at 11:30 am
Speaker Begins at Noon
Meeting Location The Houston Club
811 Rusk 713-225-1661
Pricing:
Pre-Registered IIA Member: $30.00
Non-Member/Member Walk-
In $35.00
Valet Parking: $8.00
Upcoming Topics and Speakers Upcoming Topics and Speakers Upcoming Topics and Speakers
Date Topic(s) Speaker(s)
January 9, 2012
Applying Data Analytics for Audit Efficiency - Contract
Compliance and Cost Recov-ery from Vendors/Contractors
Paul Petit (Director - Protiviti & IIA South Region
District Representative)
February 6, 2012 Auditing Mergers and Acquisitions
Greg Pilkinton (KBR) Tariq Khan (Self employed)
February 7, 2012 Seminar: Effective Communication Skills TBD
Any manager or director interested in the November 14 roundtable should reach out to Chow Yu directly at [email protected]. More information is available on our website. www.Houstoniia.org.
February 1, 2010 Joe Oringel (Visual Risk IQ) Continuous Auditing
March 1, 2010 Jeff Gardner (PWC) Sustainability: What is Internal Audit’s Role?
As auditors, our schedule can be unpredictable at times and at a last minute’s notice, we could be sent to work on a special assignment somewhere outside of Houston, or even outside of the country. Because of that, you may hesitate to pre-register for an event, just in case your schedule changes. Whenever possible, I would encourage our Chapter members to sign up by Wednesday before each meeting. Here are some good reasons why you should pre-register for the event: 1. Members get a $5 discount if they pre-register for the meeting. In light of our economy and companies’ focus on cost reduction, every $1 counts. 2. Only individuals pre-registered before the cut-off are entered into the drawing. If your name is not in the drawing, your chance of winning is zero. If your name is in, your odds are about 1 to <200 to win, not so bad when compared to other games of luck. 3. Pre-registered members get their certification ribbons on their name tag. You get to show off your achievement. 4. On the day of event, you can check in quicker and save time. Bring your barcode to scan and within seconds, you will be in. You can use the time saved to network with your peers. 5. You can avoid the long line for walk-ins and possibility of miskeying your name or email address and not getting your CPE certificate. Not good when that one credit hour would make a difference. 6. Lastly, you can help make your and other attendees’ experience at the event more pleasant. Right now, headcount has to be estimated to account for walk-ins and committed to the Houston Club two days before each event. Significant unexpected number of walk-ins poses challenges for the facility personnel to serve all attendees timely. We want everyone to be able to sit down, relax, eat and listen to the speaker when the meeting begins.
Page 4
July 2009 AUDIT WIRE
Page 15
I I A H O U S T O N N O V E M B E R 2 0 1 1
Congratulations to our New Credential Holders!
Date Speaker Topic
February 1, 2010 Joe el (Visual Risk IQ) Continuous Auditing
March 1, 2010 Jeff Gardner (PWC) Sustainability: What is Internal Audit’s Role?
Page 5
Please join us in congratulating our newest members who have recently obtained certifications!
CIA
Steve Burke Tara Martin
Jeffrey F. Pretzel Bryan M. Donnelly Michael Moscoso Lauren Lee White
Bradley Moses Jennifer Clair Allen
Murali Rajan Olutosin Ajayi-Komolafe
Joe D. Seltz Darlene Rene Coughlin
Yong Peng Adam Egly
Roger Lawrence Benson Bernardo A Alvarez Lindsey N. Williams
July 2009 AUDIT WIRE
Page 15
I I A H O U S T O N N O V E M B E R 2 0 1 1
Welcome to Our New Members!!!
Date Speaker Topic
February 1, 2010 Joe el (Visual Risk IQ) Continuous Auditing
March 1, 2010 Jeff Gardner (PWC) Sustainability: What is Internal Audit’s Role?
Page 6
We would like to extend a warm welcome to our new members! If you see these people at the monthly luncheon, please be sure to introduce yourself!
New Members
Amy Marsden (University of Texas System)
Ashley Adeogba (Petroleum Geo Services)
Donna Henderson (GenOn Energy)
Dustin Reynolds (Waste Management Inc.)
Elizabeth Yielding (Texas Department of Criminal Justice)
February 1, 2010 Joe el (Visual Risk IQ) Continuous Auditing
March 1, 2010 Jeff Gardner (PWC) Sustainability: What is Internal Audit’s Role?
Page 7
Three months down and one more to go! This semester is flying by, but that hasn’t stopped IASA from thriving. Lenny Amaya, Director of Audit Services at KBR was our special guest speaker for our October “Meet an Internal Auditor” event. He delivered a great presentation to our members covering topics such as his back-ground, the importance of becoming certified as a CIA and CPA, time management, and even hinted at intern-ship positions at KBR. Thank you for volunteering Lenny! November has been a jam-packed month of activities. First, 36 IASA members signed up to attend the November 7th IIA luncheon. They were there to learn more about internal audit as well as support our faculty advisor, Dr. Michael Newman as he delivered his presentation on the current state of the UH Internal Audit Program and IASA. It was a great turnout! Then, on November 11th, IASA and the Houston-IIA hosted our first-ever Internal Audit Mixer. It was held at the UH bowling alley where IASA members and professionals were able to meet one another, talk about internal audit, eat some pizza, and of course, bowl. There were no scores recorded, but if anyone would like to claim they had the highest score, you can contact Wendi George. However, she will probably let you know her score beat yours. Just kidding! In all seriousness, the event was a great success and IASA members and professionals who attended agreed they would like to see another event of this type offered in the near future. So be on the lookout! A special thank you to the following professionals who participated!
Mike Beck - ABM Industries Incorporated Amber Miller - AIG Carlos Lopez - AIG Michael Loft - AIG Jimmy Huynh - Chevron Phillips Chemical Saad Elabed - Chevron Phillips Chemical Ciera Hodge - CITGO Petroleum Rumy Jaleel-Khan – Deloitte Candice Wicks - Spectra Energy Lisa Berry - University of Houston
We also held another “Meet an Internal Auditor” event on November 16th with special guest Mike Peppers, Associate Vice President & Chief Audit Officer for MD Anderson Cancer Center. He spoke to IASA members about the importance of networking for our own professional goals and its impact on our ability to reach out to colleagues for answers to our internal auditing questions. Mr. Peppers also addressed client perceptions re-garding internal auditors. Thank you Mike for your time spent with IASA! The last event in November will be an office visit to Halliburton. IASA and two internal audit representatives from Halliburton, Jeff Schmieley and Patrick Rodriguez, are working together to plan and coordinate the visit. It should be a great experience! Finally, for chapter members looking to fill internship or full-time positions, we ask that you please consider UH candidates. Feel free to contact Dr. Michael Newman at (713) 743-4857 or [email protected] with your needs.
February 1, 2010 Joe el (Visual Risk IQ) Continuous Auditing
March 1, 2010 Jeff Gardner (PWC) Sustainability: What is Internal Audit’s Role?
Our success as a Chapter is measured through the Chapter Achievement Program and CAP points are earned for our accomplishments in three areas: Service to Members, Service to the Profession, and Chapter Administration. Our goal is nothing short of the highest level: Gold! We have maintained this highest level of achievement for over 10 years, making us a Platinum level Chapter. We are four months into our 2011-2012 chapter level and we are 41% of the way to achieving our goal with 535 points.
How Do We Get CAP Points? We get CAP points for providing services to our members. For example, this includes the educational offerings for our members as well as social events. We also get CAP points for providing services to the profession. This comes from having members of our Chapter submitting articles to the Internal Auditor Magazine, supporting our local universities, and making presentations on the subject of internal audit, just to name a few examples. We also get CAP points for properly administering the chapter activities. What Can You Do? First, keep participating in all of the educational events we provide – from the luncheons to the seminars to the roundtable discussions. You can also help by letting us know when you:
• speak about the profession to others outside of your company • submit exam questions for the CIA exam • participate in an IIA-sponsored Quality Review • participate in IIA research projects • participate in Junior Achievement • submit an article to the Internal Auditor (extra points for getting published!!!)
These are just a few examples. Do your part in helping us maintain our premier standing as an IIA Chapter. Email Faye Stallings at [email protected] with the details of your accomplishments. If you have any questions about whether or not something you do may earn the Chapter CAP points, just ask Faye. What Else Can I Do? Want to get more involved? Contact Chapter President Dan Ramey to see other opportunities for involvement. Thanks for your help!
February 1, 2010 Joe el (Visual Risk IQ) Continuous Auditing
March 1, 2010 Jeff Gardner (PWC) Sustainability: What is Internal Audit’s Role?
Swift Energy Company Swift Energy Company is an independent oil and natural gas company located in the Greenspoint area in Houston, Texas are looking to fill their Internal Auditor position. The company engages in the development, exploration, acquisition, and operation of oil and gas properties, with a focus on oil and natural gas reserves onshore in Louisiana and Texas and in the inland waters of Louisiana. Minimum Requirements: • Understanding of International Standards for the Professional Practice of Internal Auditing, Understanding of GAAP (Generally Accepted Accounting Principles), Understanding of the Sarbanes-Oxley Act of 2002 • Proficient in Excel, Word, PowerPoint, Outlook • Creates effective relationships within own work environment, understands the contribution of different styles and creates a team spirit. Respects the contribution of other team members. Shows integrity and respect for organizational values and is viewed as trustworthy internally and externally. • 1-3 yrs of experience, Bachelors in Accounting or Finance • Certified Public Accountant, Certified Internal Auditor or candidate preferred Responsibilities: • Perform detailed internal auditing (performance, financial, and compliance) and provide recommendations to assist in the overall compliance with Sarbanes-Oxley Act of 2002 (SOX). • Monitor and follow-up after the audit has been executed • Provide consulting services to the organization’s management and staff as needed • Identify business process risks, and independently evaluate the efficiency and effectiveness of
business processes, including internal controls • Provide key input to the annual audit plan regarding identified business risk areas • Support management in the development of control frameworks for their areas and challenge the
application of the control frameworks they develop • Maintain key audit documents/databases, including Risk Control Matrix, Summary of Control
Deficiencies, and ensure systems and controls documentation stays current and accurate to aid in compliance with Sarbanes-Oxley Act (Section 302)
• Coordinate with external financial statement auditors in a manner that minimizes costs and audit inefficiencies • Execute audit procedures at the direction of external audit firm as requested • Other duties as assigned by Supervisor or Internal Audit Director Please email resumes to: Jim Rooney, Director, Internal Audit [email protected]
February 1, 2010 Joe el (Visual Risk IQ) Continuous Auditing
March 1, 2010 Jeff Gardner (PWC) Sustainability: What is Internal Audit’s Role?
American National Insurance Company Chartered in 1905, American National Insurance Company has evolved into an industry leader, ranking among the largest of life insurance companies in the United States. Directly and through subsidiaries, the company offers a broad line of insurance products and services, including life insurance, annuities, health insurance, property and casualty, credit insurance, and pension plan services. For over 100 years, American National Insurance Company has been a leader and innovator in the insurance industry and is one of the most respected and financially sound insurers in the United States. If you are seeking a position with a stable yet growing company and endless opportunity for career progression, American National is the place to be. American National’s Internal Audit team is currently seeking a career oriented individual who desires a comfortable work life balance, for the position of Information Systems Auditor. This opportunity requires less than 20 days of out-of-town travel per year, a flexible work week and only minimal overtime. Located within our attractive professional office complex in South Shore Harbour, this position will be responsible for auditing the various information systems operations of American National, its affiliates, investments and other ventures. Minimum Requirements: • Candidates must have a Bachelors degree (or higher) in a business-oriented major or in an Information Systems oriented major • CISA certification (a plus) and a minimum of 2 years of recent auditing/information systems experience (Big 4 a plus) is required • Knowledge and experience should include general and conceptual knowledge of information systems auditing • Proficient with PC applications including the Microsoft Office suite • Must be cognizant of internal controls and confidently question the validity of data • Must possess the ability to relate to and interact with various personalities at all levels and possess strong oral and written communication skills • Must project a professional image Please apply online through ANICO’s Career Center: http://www.anico.com/CareerOpportunities/ANICOCareerCenter/index.htm or contact Alvin Tran at [email protected]
February 1, 2010 Joe el (Visual Risk IQ) Continuous Auditing
March 1, 2010 Jeff Gardner (PWC) Sustainability: What is Internal Audit’s Role?
Position Summary: Handling assignments requiring discretion and confidentiality, Internal Auditors use a systematic methodology for analyzing business processes, procedures and activities with the goal of highlighting organizational concerns and recommending solutions Job Description: • Identify and evaluate the organization’s risk areas and provide key input to the development of the
Annual Audit Plan. • Plan audit programs for projects to include risk assessment, scope of work to be performed, staffing
and time requirements. • Coordinate and assist in conducting fieldwork including flowchart documentation, testing, work paper
documentation, control analysis, and development of recommendations (processes are both manual and electronic).
• Responsible for ensuring timely and adequate two-way communication before, during and after each audit to ensure business units have a mutual understanding of audit scope, process and results.
• Recommend opportunities to provide efficiencies, increase revenues, reduce costs or otherwise add value to the various business units.
• Partner with management for reasonable prudent solutions to audit findings, incorporating internal controls.
• Maintain a strong client focus by effectively serving business needs and developing productive partnerships within business units.
• Provide guidance in mentoring staff auditors by displaying teamwork, integrity and leadership. Encourage an efficient, innovative, and team-oriented work environment.
• Manage audit assignments with minimal supervision fostering positive interactions with business units.
• Lead audit presentations and prepare audit issue memos and audit draft reports for Audit Director’s review and distribution to management.
• Lead the external audit projects for the year-end financial audit and the annual retirement plan audit. • Assist the Audit Director with coordinating departmental work schedules to meet deadlines. • Provide consulting services on internal controls, business process optimization, risk management,
and other areas, as required. • Provide routine updates to the Audit Director regarding the progress of assigned audit tasks,
significant issues identified, suggested practical business solutions and completion status. • Consider compliance with federal, state and local regulations in the performance of audits. • Stay abreast of current business, economic, and regulatory developments relevant to each business
unit. • Consider company policies and operational procedures in the performance of audits. • Responsibilities occasionally may require an adjusted work schedule, overtime, and evening/
weekend hours in order to meet deadlines. This job description is not intended to be all-inclusive. An employee will also perform other reasonably related business duties as assigned. (Continued on next page) Page 11
July 2009 AUDIT WIRE
Page 15
I I A H O U S T O N N O V E M B E R 2 0 1 1
Sr. Internal Auditor - Texas Medical Center
Date Speaker Topic
February 1, 2010 Joe el (Visual Risk IQ) Continuous Auditing
March 1, 2010 Jeff Gardner (PWC) Sustainability: What is Internal Audit’s Role?
(Continued) Minimum Requirements: • Bachelor’s degree in Accounting or related field required • CPA, CIA, CFE and/or CISA preferred • Five years experience as an internal auditor or in public accounting required • At least two years of supervisory or project management experience. • Knowledge of the Standards for the Professional Practice of Internal Auditing and the Code of Ethics developed by the Institute of Internal Auditors. • Experience working in the parking service industry a plus • Must have proven leadership abilities • Must provide exceptional customer service • Must be able to effectively work with others • Excellent verbal and written communication skills required • Excellent time management skills required • Demonstrated ability to manage multiple assignments simultaneously • Demonstrated analytical ability • Must uphold TMC safety standards • Technical/Computer Skills: Microsoft Office Suite to include: Word, Excel, Outlook, PowerPoint,
Visio and Access • ACL audit software experience preferred Please visit the website at www.tmc.edu/careers to apply online!
February 1, 2010 Joe el (Visual Risk IQ) Continuous Auditing
March 1, 2010 Jeff Gardner (PWC) Sustainability: What is Internal Audit’s Role?
Harris County Hospital District As a vital member of the community-owned healthcare system for the nation's third most-populous county, you'll see more, do more, learn more, and be more than you ever thought possible. The District consists of three state-of-the-art acute care hospitals - Ben Taub General Hospital, Lyndon B. Johnson General Hospital, Quentin Mease Community Hospital; a dialysis center, 14 community health centers, 13 homeless shelter clinics, nine school-based clinics, five mobile health clinics, and a free-standing dental center. HCHD, come see for yourself! Position Summary: Senior Operations Assurance Analyst is responsible for coordinating, conducting and managing risk assessments, operational and financial reviews and continuous monitoring of District Operations. The Senior Analyst is also responsible for identifying high risk areas; developing work programs and action plans to mitigate identified risk and vulnerabilities; preparing statistical and narrative reports from financial and operational reviews; effectively communicating recommendations to Sr. Management and controlling department budgets. Minimum Requirements: • Bachelor’s degree • Five plus years in operational and financial reviews and data analysis in a healthcare environment • CPA, CIA or CISA; • Proficient in Word, Excel and Access • Expert in data mining software (ACL or IDEA) and proficient in developing and implementing
automated continuous monitoring. Must also be proficient in utilizing data analytic tools to analyze financial and operational data that identify process improvements and cost savings and provide exceptional customer service to both internal and external customers.
As an added incentive, employment will include comprehensive benefits with tuition reimbursement, continuing education reimbursement, 401 (k), comprehensive medical / dental / vision plan, and more. Please e-mail resume to: Susan Wilson: [email protected] or call 713-566-6447 for more information visit www.hchdonline.com.
