1

The President’s Message

Chapter Pride:

Inside this issue:

President’s Msg 1

Upcoming Events 2-6

Bylaws Update 6

Event Recaps 7-8

Scholarship Info 9-11

Excel Tips 12

Profile Updates 12

Jokes 13

January, 2017 Issue https://chapters.theiia.org/foxvalley-centralwisconsin/Pages/default.aspx

The “Cheddar“ Letter Your Fox Valley/Central Wisconsin Chapter Newsletter

Happy New Year! Now that the Holiday

season has passed, I have started to

think about my New Year’s resolution…

improve my leadership skills. If anyone

is still looking for their own resolution, or

would like to trade one in, this is a good

candidate. Being a good leader has

nothing to do with the number of direct

reports you have, or how many years

you’ve been at your current job. Anyone

can be a leader in their organization,

community, or family.

At the last IIA Leadership Academy, one

of the North American Board members

presented his Top 10 Tips for Leaders.

I would like to discuss three of those as

examples. While they may seem obvi-

ous, we sometimes forget!

Set a good example: There are many

different ways to set a good example

within your department and organi-

zation, which will hopefully encour-

age others to follow your lead. For

example, complete tasks in the

timeframe originally promised, re-

spond to inquiries in a timely man-

ner, pick up the phone or meet with

someone in person instead of send-

ing another email, and follow corpo-

rate policies.

Learn from the past: Everyone makes

mistakes. The key is to not dwell on

that mistake, but identify what went

wrong, what you can do different

next time, and then implement

those changes. Also, share what

you have learned so others do not

make the same mistake.

Never stop improving: It is very easy to

just keep doing what has been work-

ing. However, the world of Internal

Audit is always changing, and so

should we. For example, take a

training course to learn more about

emerging audit topics, or look for

ways to use new audit technologies

to improve or streamline audit steps.

Whatever your resolution is for 2017,

I wish you luck!

Thank you,

Cara Newman, President

cjnewman@integrysgroup.com

920.433.6937

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Page 2

APRIL 10, 2017

Auditing the Cloud (for IT and Non-IT Auditors)

Speaker:

Alison Bardecki,

CPE Interactive

Description:

Cloud Computing is here to stay

and it introduces compelling

advantages and risks. Although

outsourcing is nothing new,

cloud computing “flavors” are

varied and can be confusing.

This seminar will provide an un-

derstanding of cloud models,

the associated security risks,

differences between traditional

IT Security and Cloud, how to as-

sess the risk and how to audit it.

This seminar is suitable for both

IT and non-IT auditors.

Location:

Liberty Hall, Kimberly

(See Flier Page 3-4)

Registration is OPEN!

Upcoming Chapter Events!

MAY 9, 2017

Fraud Scenarios &

Fraud Risk

Assessment

Speaker:

Leonard Vona,

Fraud Auditing

Description:

Learn how to write fraud

scenarios that can be easily

integrated into fraud risk

assessments by using a defined

methodology to fraud risk

identification. This seminar will

provide a step by step approach

to defining and detecting fraud

in any audit.

Location:

Radisson, Green Bay

(See Flier Page 5-6)

Watch for registration

to open soon!

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Page 3

See Course Outline

and Speaker Bio

on next page

4

Page 4

5

See Agenda and

Speaker Bio on

next page Page 5

6

Page 6

The Fox Valley/Central WI

Chapter IIA Board of Governors

recently proposed updates

to our Chapter’s Bylaws.

In accordance with our Bylaws,

any updates must be approved

by the membership.

A special vote will be held at the

start of the next seminar, which

is in planning for April.

The proposed Bylaws are availa-

ble on our Chapter website for

your review.

Please see the “2017 IIA By-

laws” file at the following lo-

cation. (Note, you will need

your IIA username and pass-

word to view the file.):

https://chapters.theiia.org/

foxvalley-centralwisconsin/

Members/Pages/default.aspx

Please Review

Chapter Bylaws Update

7

On November 29, we held a joint

student night with the Heart of

Wisconsin Chapter of the Insti-

tute of Management Accountants

(IMA) at the University of Wiscon-

sin-Stevens Point. Four IIA mem-

bers and five IMA members par-

ticipated in a speed networking

event in which 16 UWSP stu-

dents spent about 5 minutes

with each professional before ro-

tating to another professional.

Topics discussed ranged from a

typical day on the job to career

paths and possible internships at

the professional’s employer.

The students in attendance

ranged from Sophomores to

2nd year Seniors. Based on

the survey responses, 100%

of the students indicated that

the event was very beneficial

to those in attendance and

would consider attending a

similar event in the future.

If you would like to volunteer

for similar opportunities,

please contact Melissa at

melissa.simonis@sentry.com.

UW-SP Student Night

EVENT RECAPS

Page 7

* Thanks

to Ryan Strei-

cher IIA Chap-

ter Board

Member for

coordinating

the event with

the IMA and

providing the

Recap.

Gregory Duckert of Virtual Gov-

ernance Institute presented his

MIS Training Institute’s program

on “Building an Outcome Centric

Continuous / Continual Risk As-

sessment Model” at Liberty Hall

in Kimberly on Thursday, Novem-

ber 10, 2016. Twenty-six were

in attendance for the day.

Mr. Duckert challenged each of

us to think outside of our normal

box of using an annual risk as-

sessment to determine what to

audit and then taking the next

year to audit the areas that were

identified months prior.

Mr. Duckert challenged the

group to see that developing

five to seven Key Risk Indica-

tors (KRI’s) for each area of

the company and monitoring

those KRI’s on a regular basis

will help audit monitor the

company’s ability to achieve

its strategic objectives and

help us know where internal

audit can bring the most value

to the company now. This ap-

proach helps identify critical

processes that are failing and

help internal audit add more

value to the company.

Building an Outcome Centric Continuous /

Continual Risk Assessment Model

* Thanks

to Nick Geffers,

past IIA Chapter

President for co-

ordinating the

event and Ken

Stephani, IIA

Chapter Board

Member for

providing the

Recap.

Greg Duckert

8

Page 8

EVENT RECAPS (continued)

* Thanks

to Julie Kimps,

IIA Chapter

Board Member

for coordinat-

ing the event

and providing

the Recap.

Ethics and Roundtable

To On November 30th, our Chap-

ter engaged Chris Bauer, PhD

from Bauer Ethics Seminar to

present a training session on

business ethics as well as facili-

tate a round table discussion on

ethics and hot topics in internal

audit.

Chris contends that better ethics

build stronger and more resilient

departments, divisions and com-

panies. And, companies simply

cannot afford an ethics problem -

there is too much at stake. The

financial, legal and public rela-

tions consequences can be cata-

strophic. The direct costs alone

can be hundreds of thousands of

dollars and more. And that's be-

fore the losses related to your

damaged reputation.

Attendees learned effective skills

for dealing with those potential

problems when they see them,

the essentials of confronting

others on ethics concerns,

who is most at risk to violate

the ethics code and why, how

to keep the ethics code clearly

in mind in the course of day-to-

day decision making.

Chris gave the group ethical

situations and gave the partici-

pants an opportunity to dis-

cuss what the decision to be

made and the ethical action to

take to in that situation. Partic-

ipants found the exercise to be

interesting and thought pro-

voking. Chris also provided

some entertaining commen-

tary (see flowchart below).

Overall, the attendees of the

session had positive feedback

on the event, the presenter

and the roundtable. Thank

you to those who attended and

participated in this session!

Christopher Bauer

9

The CIA is the only globally ac-

cepted destination for internal

auditors. It is the standard by

which internal audit profes-

sionals demonstrate their

knowledge and competence in

areas of governance, risk and

controls. It is the standard by

which internal auditing profes-

sionals demonstrate their

knowledge and competence to

facilitate and manage today’s

complex internal audit respon-

sibilities. This credential is ap-

propriate for Audit Directors,

Audit Managers and Staff,

Chief Audit Executives, Risk

Management Staff, business,

finance and accounting stu-

dents.

Northern Illinois University is

offering online CIA prep cours-

es. Contact Donna M. Mann,

Director, Credentialing Pro-

grams at dmann@niu.edu or

815-732-6249 with questions

or click here for more info.

Prepare to Pass

CIA Prep Course Offered by NIU

Page 9

See the Scholarship Guilde-

lines, Eligibility Criteria,

Schedule and Application In-

structions on the next two

pages for details. Feel free to

print that information off for

anyone that may be interest-

ed in applying.

Act now as the deadline to

apply is March 31, 2017!

Our chapter supports the edu-

cation of students enrolled in

accounting and business who

wish to pursue a career in in-

ternal audit by offering a $750

scholarship to TWO students!

Please pass this exciting info

on to interns, students, friends

or co-workers that may be

eligible to apply.

SCHOLARSHIP OPPORTUNITY

We are Giving Money Away

10

11

12

Don’t miss out on training opportunities

due to incorrect email information in your

profile. How long has it been since you

updated your IIA member profile infor-

mation? Please go to the IIA website

(www.theiia.org) and validate your profile

information is accurate. Here’s how:

Go to www.theiia.org

Select “Sign In” (in the upper right)

Enter your login information

Click “Profile” (in the upper right)

Select “My Profile”

Click My Account (left side)

Validate Name, Address, Email, Opt

in/out

Profile Update — www.theiia.org

Excel Tip of the Quarter

TIPS! TIPS! TIPS! TIPS! TIPS!

Bill Jelen aka

“MrExcel”

Topic: Calculate the Last Day of

the Month

Issue: Can’t remember how

many days are in a month?

Solution: Go to the first of the

next month and subtract 1.

Explanation: Using a formula

that points to a date in cell D2,

for example, add one month and

subtract 1 day to get the last day

of the month for the month refer-

enced in cell D2.

Formula:

=DATE(YEAR(D2),MONTH(D2)

+1,1)-1

Example:

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Page 13

JOKES! JOKES! JOKES! JOKES!

If you have an jokes, stories or items of interest that you would

like to include in the Cheddar Letter, please send them to

melissa.simonis@sentry.com. Thank you!

REQUESTS