The Internal Inquirer
September 2011 - Vol .2, Issue 1
Atlanta Logo Side by Side
In This Issue
Upcoming IIA Events
New Job Postings
Newsletter Sponsor
President's Message
Certification News
The Atlanta Conference
Special Upcoming Events
Registration is Open for the October 14, 2011 Meeting

 

Villa Christina Logo 

The October 14

meeting will be held at the Villa Christina.  This is our annual joint meeting with ISACA.  The topic is "Risk Management & IT Audits - From Spreadsheets to Emerging Devices."

 

Agenda & Bios

 

Register Here

Upcoming IIA Events
Most of the Atlanta IIA meetings are held at the Villa Christina.  Click on the link below for directions:
Villa Christina Logo 






2011-2012 Event Schedule:

October 14, 2011 - Villa Christina

November 11, 2011 - Villa Christina

December 9, 2011 - Newell Rubbermaid Headquarters

January 13, 2012 - Villa Christina

February 3, 2012 - TBD

March 9, 2012 - Villa Christina

April 13, 2012 - Villa Christina (AM)

May 11, 2012 - Villa Christina

June 8, 2012 - Villa Christina

 

New Job Postings

New job postings have been recently added to our website.  

 

 

Atlanta News and Job Postings
Call for Articles
If you would like to contribute an article or suggest a topic, please send an email to:

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Join the IIA

Joining IIA is simple.  Just go to www.theiia.org and click on membership.  We cannot process memberships at a local level.

 

Also, keep your profile up to date with any new contact information.

 

Connie
Connie Brown and Pat Williams at TAC

 

 

Lori & John
Lori Ruff and John Fuchko at TAC

 

 

Newsletter Sponsor - Mulcahy Accounting & Risk Consulting

Quis custodiet ipos custodes?    MARC Logo

 (But who will guard the guards themselves?) 

 

 

By William J. Mulcahy, CIA, CPA, MS

President & CEO, Mulcahy Consulting 

 

"But who will guard the guards themselves?" mused Juvenal in the first century. Now in the 21st century the questions being asked in the internal audit profession include:

 

"Why audit the internal auditor?"

"How to audit the internal auditor?"

"Who audits the internal auditor?"

 

Why should the audit cycle include 'auditing the internal auditors' at least once every five years?

 

"If you think about it, internal auditing is a key component of governance, risk management and the system of internal controls. It seems logical that, just as independent, objective assurance is needed for governance, risk management and control activities, such assurance also makes sense for internal auditing" says Paul Sobel, CIA,  VP Internal Audit and Chief Audit Executive at Georgia-Pacific.  Sobel continues, "it demonstrates due diligence on the part of the audit committee that they had the audit department go through a quality assurance review. Otherwise, it could subject the audit committee to questions as to why they weren't fulfilling their fiduciary, and chartered, responsibility to oversee the internal audit function.

 

Sobel's comments are supported in Standards which says external assessments must be conducted at least once every five years by a qualified, independent reviewer or review team from outside the organization.

 

Our thanks to Mulcahy Consulting for their contribution to this newsletter and for their ongoing support of the Atlanta Chapter.

 

Please click HERE to download and view the entire article.

President's Message - John Fuchko, III, CIA, President
John Fuchko
John Fuchko, CIA

Greetings!

I hope that each and every one of you had an enjoyable Summer 2011 that hopefully included some time away with family and friends. My summer was way too short but the family did get away for a short vacation and that meant a lot.

 

Fiscal Year 2011 Accomplishments

I would like to take this opportunity to share with you some of the great things that your Atlanta IIA Chapter accomplished over the past few months, including:

  • Hosting our first-ever "The Atlanta Conference" with incredible speakers and a great turnout, approaching an attendance of 500.  (Connie Brown and Chris Blalock led this event.)
  • Providing a $50,000 grant to the Kennesaw State University Internal Audit Education Partnership Program that was matched with another $50,000 from the Internal Auditing Academic Advancement Fund. (Fred Masci, CIA chairs our Academic Relations Committee and Dr. Rich Clune, CIA is operating this program at Kennesaw State.)
  • Appointing Mr. Fred Masci, CIA to the Ethics Commission for the Atlanta Board of Education.
  • Developing a strategic partnership with the Association of Government Accountants. (Steve Lameier has taken the lead in working with our various strategic partners.)

Accomplishing these objectives was only possible through years (yes, years) of hard work, planning, and investments made by the membership and leadership of the Atlanta Chapter. The leadership and vision of Bill Mulcahy, CIA;  Dave Bilko;  and Paul McClung, CIA have allowed the Chapter to achieve some awesome goals. I hesitate to continue naming names as I know I will leave out some key players - suffice it to say this is truly a team effort.

 

Fiscal Year 2012 Goals and Objectives

The Chapter's focus for the upcoming year is ambitious and focused on our core goals of service to members and service to the profession. In particular, our goals include strengthening:

 

Certification

  • providing a library of IIA study guides for use by members
  • offering a CIA review course
  • recognizing members who have earned the designation
  • providing 1-2 scholoarships for members to attend the CI review course

Innovation

  • establishing an "Innovator of the Year" award for a local internal audit shop
  • sharing innovative practices with our fellow Chapter members and the IIA internationally

Partnership

  • increasing the number of joint meetings with other professional associations
  • obtaining discounts for participation in joint events
  • scheduling a "Volunteer" day to assist a local charity
  • connecting non-profit Boards in need of Audit Committee members with IIA Atlanta Chapter members interested in serving

Advocacy

  • continuing to facilitate the Atlanta Business Chronicle insert focused on internal auditing
  • interacting with the larger business and media community on issues of importance to internal auditing
  • supporting IIA research efforts 

Ongoing Commitments

In addition to the foregoing, we will continue our strong tradition of providing innovative education, revise and simplify our current bylaws, focus on increasing membership and participation in the Chapter, and strive to provide additional opportunities for members to get involved in Chapter leadership through participation on Board Committees.

 

In closing, I look forward to serving each of you in my role as President. I can be reached via email at john.fuchko@usg.edu or by phone at 404-656-9439.

 

Certification NewsCIA Logo
 

The Atlanta Chapter is proud to announce those who have earned a certification in the 2nd Quarter of 2011.  They have been invited to attend the October meeting. 

 

Please join us in congratulating the following:

                                               

                                             CIAs      

 

 CIA Spotlight - Tim Tripp, CIA, CPA

Tim Tripp
Tim Tripp, CIA

 

What prompted you to become a CIA?

I pursued the CIA designation for a couple of reasons. First, I have been encouraging my team to become CIA's and thought it was important to lead by example and walk the talk. Second, earning the CIA designation helps to demonstrate my commitment to the profession and gives me additional credibility with our Business Units and with our Audit Committee. Thirdly, we are implementing a Quality Assurance component to our audit methodology and I needed to have a thorough understanding of the IIA Standards and the Professional Practices Framework.

 

How did you prepare for the exam?

There were four primary pieces to my preparation. First, I attended Dr. Glenn Sumners CIA Review Course hosted by the Atlanta IIA Chapter. This intensive four day course helped jump start my studying by demystifying the exam - - breaking it down into bite sized pieces - - and providing lots of test taking tips (which were very welcome because it had been a long time since I had last taken a timed test). Second, I read the 2011 Edition of the International Professional Practices Framework cover to cover - - reading the Standards (twice) and all Practice Advisories. Third, I studied the CIA Learning Systems guides, reading each section carefully and internalizing how we have incorporated much of this information and processes into our current audit methodology. And finally, I worked through the CIA Model Exam published by the IIA, reading each question and taking the time to understand why each answer was correct or incorrect.

 

How has being a CIA helped your career?

I am fortunate to work for a company whose stated purpose is to "help people flourish by growing their competence, confidence, connections and courage". Earning the CIA designation has demonstrated my commitment to continuous learning in order to grow my competence. It has given me confidence to become more involved in our local IIA Chapter as a way to give something back and help future generations of auditors to progress their careers. Furthermore the connections I have made with IIA Chapter members have proven to be an invaluable resource that I can call upon as needed.

 

What advice do you have for others who are seeking certification?

Focus on the content. Take the time to learn the IIA's International Professional Practices Framework - - the Definition of Internal Auditing, the Code of Ethics, the International Standards, Position Papers, Practice Advisories and Practice Guides. As you study this material, link it to how you are applying these concepts to your job today.

 

Tim Tripp, CIA, CPA has more than 30 years of diversified audit, financial, operational and project management experience. Tim currently serves as the Chief Audit Executive for Newell Rubbermaid Inc., a global Fortune 500 consumer products company. In this role he is responsible for Global Internal Audit and SOX Compliance. He earned his CIA in June 2011 and was recently elected to the IIA Atlanta Chapter Board of Governors Executive Committee and serves as Chapter Secretary.

 

TAC Logo

 

Connie Brown
Connie Brown, CIA

The Atlanta Chapter of the IIA recently presented The Atlanta Conference 2011 on September 9 at the Cobb Galleria.  The event drew a record attendance of nearly 500 attendees, including sponsors and exhibitors.  The event program provided attendees access to valuable training and CPE credits, as well as the opportunity to network with their peers and interact with exhibitors throughout the industry.

 

The Keynote speakers this year were:

Rick Funston - Retired Deloitte Partner and author of "Surviving and Thriving in Uncertainty---Creating the Risk Intelligent Enterprise"

Lorraine Chilvers - Host of CFORadio.com

Pat Williams - Sr. VP of the Orlando Magic, motivational speaker and author of over 71 books

 

New to this year's event was the addition of two learning tracks as well as our Keynote speakers.  The event culminated in a cocktail reception that allowed attendees to meet several of the day's session leaders and Keynote speakers as well as meet with the exhibitors.  Pat Williams graciously stayed to sign his book, "Extreme Focus, Harnessing the Life-Changing Power to Achieve Your Dreams."

 

The Atlanta IIA has received tremendous feedback from conference attendees and plan to use that feedback to ensure that The Atlanta Conference 2012 continues to be a winning proposition for all.

 

A special thanks to our volunteers, sponsors, exhibitors and speakers for their help and support in making this event such a huge success.

 

The session presentations that we are permitted to share are available at www.theatlantaconference2011.net.

               

  

Special Upcoming Events

Atlanta IIA and Deloitte team up to present the 2011 Women's Initiative (WIN) event.  More information will be posted on our website as soon as it is available.   

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The First Annual Internal Audit Case Competition will be held on November 11, 2011.  The competition is open to all colleges and universities in the state of Georgia.  The event will begin with check-in and lunch at noon.  The case competition starts at 1PM - 5PM; followed by a reception and awards at 5PM - 7PM.  The event will be held at Tower Place 200 in Atlanta.  For more information, please contact the Internal Audit Student Chapter at iascatgastate@gmail.com.

 

This event is being hosted by Georgia State University and presented by The Atlanta IIA Chapter

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The CIA Review Course will be presented by Dr. Glenn Sumners in Atlanta Monday, February 27, 2012 - Friday, March 2, 2012.   

 

 Should you have any questions or comments regarding this newsletter, please contact:

 

Nancy Thomas, Executive Administrator, Atlanta IIA

 

Tim Tripp, Vice President, Secretary, Atlanta IIA