The Internal Inquirer
December 2011 - Vol .2, Issue 2
Atlanta Logo Side by Side
In This Issue
Upcoming IIA Events
President's Message
Grant Thornton Article
Certification News
Internal Audit Case Competition
Volunteer Corner
Special Upcoming Events
Registration is Open for the December 9, 2011 Meeting

Registration is open for the December 9 IIA Meeting at Newell Rubbermaid Headquarters. 


The meeting will be from 1PM - 4PM with snacks and drinks provided.


The topic is, "Auditing Leadership - The Professional and Leadership Skills You Need."  


Brian Kush will present "The Brand YOU" and

Larry Elmore will present "Situated for Leadership".


Agenda and 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 

Click on the link above for the latest informtion regarding topics, speakers and agendas.  The Events page is updated regularly.

December 9, 2011 -Newell Rubbermaid Headquarters


January 13, 2012 - Villa Christina


February 3, 2012 - Ansley Golf Club


February 17, 2012 - Student Day


February 27-March 2 - CIA Review Course


March 9, 2012 - Villa Christina

April 13, 2012 - Villa Christina (AM)

May 11, 2012 - Villa Christina

June 8, 2012 - Villa Christina


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



Please take a moment to read this short article and to celebrate some of the accomplishments of your chapter over the past months with a glimpse looking forward too.

  •  We nominated several chapter members for new roles within IIA International. Brian Lay, Rich Clune, Connie Brown, Emma Costello, Glenda Ostrander, Paul Sobel, and Gil Radford were nominated for various positions.
    • Steve Brown, Gary Jordan, Lisa Mehalko, Bill Mulcahy, Sridhar Ramamoorti,Paul Sobel, and Rita Thakkar currently serve in an IIA International position.
  • Held a joint meeting with ISACA in October and a joint training offering with the Association of Government Accountants in November
    . We will pick back up on the joint meeting theme on February 9 in partnership with the Association of Certified Fraud Examiners where Erroll Davis, Superintendent of Atlanta Public Schools will be our keynote speaker. March 9th is our annual joint meeting with NACD and a theme of Governance and Audit Committees. April 13th our annual CAE focused event with a luminary speaker, i.e., Denny Beran, CIA, the Chairman of the Board of the IIA Global. You will want to register for all these events that usually sell out.
  • Conducted the first-ever state-wide Case Competition for internal audit students. The case competition pulled in 10 teams representing both private and public higher education. The competition was fierce but in good fun and each team walked away having learned about internal auditing and with a prize in their collective pockets. The first place team members (from the University of Georgia) each won $1,000 and the second place team members (from Kennesaw State University) each won $500. All teams, mentors, advisors, and judges received gift cards in recognition of their contributions. The Georgia State University Internal Audit chapter was a key partner in conducting this event. 
    • The entire event was made possible through the sponsors to include Ernst & Young, Georgia-Pacific, Georgia State University, IDEA, The Intersect Group, Southern Company, and the Institute of Internal Auditors, Atlanta Chapter.
    • Fred Masci and Katrina Kiselinchev were our innovators who took the leadership in making this event happen and the entire Chapter owes them a debt of gratitude.

I would also like to encourage each of you to support our upcoming February Atlanta Business Chronicle internal audit supplement. Readership for this insert is estimated at 250,000 and includes business leaders from across Atlanta. This section is our preeminent effort to educate our business partners on the value of internal auditing and is a great tool for companies wishing to target decision-makers with an interest in all things audit. If you are interested in placing an advertisement please contact Sharon Eakes at the Atlanta Business Chronicle at 404-249-1033 or email her at


I also would encourage you to check out the IIA's new at The use of this site provides each of you the opportunity to enhance your understanding of our internal auditing profession. Our very own Paul Sobel features prominently on the site - you can check out his clip at


In closing, I hope that each of you has a wonderful holiday season. I appreciate the honor of serving as your chapter President and please know that I can be reached via email at or by phone at 404-656-9439.


Warmest personal regards,


John M. Fuchko, III, CIA


Institute of Internal Auditors, Atlanta Chapter 


Managing Data Security and Privacy Risk of Third Party Vendors  


Grant Thornton Logo
Grant Thornton


Norm Parkerson, Executive Director, Grant Thornton LLP

The Atlanta IIA wishes to thank Grant Thornton for their sponsorship of this newsletter and also recognize their ongoing support for the Chapter.


The use of third-party vendors for key business functions is here to stay. Routine sharing of critical information assets with cloud providers, consultants, business process outsourcers, third-party transaction processors, and others has become standard business practice. Yet inevitably, as data moves out of the organization's protected infrastructure into that of a third-party vendor, a certain degree of control is relinquished. Organizations must remain vigilant and engaged in assessing risks to their data, even though it resides at a vendor location.

How can organizations protect their information assets while entrusting them to third parties? Moreover, how can they ensure compliance with a changing landscape of security and privacy regulations, many of which differ by industry, state and country?

At issue is the fact that many third-party vendors, which store, process or transmit personally identifiable information/electronic protected health information (PII/ePHI) and intellectual property (IP) on behalf of users, may not have appropriate controls in place to secure the data, manage risk, or enable users to meet their privacy and security obligations. Even when an organization outsources data management and processing activities, regulations require that it retain responsibility for ensuring that its data is protected.

The onus is on user organizations to select vendors with an appropriate approach to risk management. In order to do so, user organizations need to carefully vet vendors prior to selection, and then actively monitor their security and privacy control environments throughout the life of the contract. Monitoring third-party data security and privacy risk requires a strong and effective process for ongoing vendor management that starts long before the contract is even signed.

 To read the complete article and download a pdf version, please click HERE.

CIA Logo

CIA Exam Preparation Resource


There are a variety of resources to help you prepare for the CIA exam, including the IIA's CIA Learning System's self-study program. This comprehensive training course is designed to provide chapters, members, and the audit community of professionals with information and tools to master the global CIA exam syllabus. This program is aligned with the International Professional Practices Framework (IPPF) to ensure you stay current with the global internal auditing profession and are ready for the CIA exam. It combines printed text with online testing tools and online questions. For special IIA member discount pricing please go to: .


The Atlanta Chapter is proud to announce those who have earned a certification in the 3rd Quarter of 2011.  


Please join us in congratulating the following:


 3rd Quarter Certifications




 CIA Spotlight - Larry Ashmore, CIA, CPA, CISA, CMA - SunTrust Banks, Inc.


Larry Ashmore

Larry Ashmore has 35 years of diversified audit, financial and managerial accounting experience. Larry currently serves as Managing Director and Senior Vice President, Audit Services, SunTrust Banks, Inc. He taught the Becker CPA Exam Review for a 25-year period in Nashville and Atlanta, and has been an adjunct instructor of accountancy and finance at the Keller Graduate School of Management, Belmont University and the University of Tennessee at Nashville. He earned his doctorate in business administration, concentration in accountancy, December 2004, H. Wayne Huizenga School of Business, Nova Southeastern University. Larry earned his CIA in August 2011.



What prompted you to become a CIA?


We support SunTrust Audit teammates pursuing a professional certification and in fact expect it as Staff Auditors are promoted to Senior Auditors. I am presently mentoring a Staff Auditor in achieving his CIA goal. Though I had earned other certifications in prior years I decided to sharpen the saw and personally add CIA to my toolkit during 2011. I also serve on the Advisory Council of the School of Accountancy at Georgia State University, and earlier this year I had been asked to teach the master's level Seminar in Internal Auditing on an adjunct basis beginning January 2012. I desire to strengthen the Institute of Internal Auditor's Education Partnership with GSU, therefore additional motivation to pursue CIA.


How did you prepare for the exam?


With respect to formal reference material, I invested in the fundamental Gleim CIA Books. This material coupled with my auditing and accounting experience allowed me to realize success on the CIA Exam at first sitting. I actually drove to Birmingham to take the Exam, which was the closest location to Atlanta that had a Saturday slot available for all parts during the period I was seeking to schedule. For me, pursing all parts concurrently helped focus on the goal.


How has being a CIA helped your career?


All milestones of achievement converge to enhance on the job confidence and effectiveness. Further, as I have planned the Seminar in Internal Auditing course, the CIA and greater connectivity within the IIA have significantly increased my networking with CIA faculty members at other universities who are building solid internal audit programs. I have gained many ideas in which my students will benefit during 2012 and beyond!


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


Develop a thorough understanding of the IIA's International Professional Practices Framework and all the practice guidance that intersects the Framework. If you are presently serving in internal auditing, link the concepts you are studying to your work each day - which will naturally sync you up for the Exam. SunTrust has engaged independent auditors two times thus far to perform quality assurance reviews, and if the opportunity presents itself for you to volunteer as a point person with your company in a QAR project I highly recommend it as another avenue of knowledge in realizing your CIA goal.



Internal Audit Case Competition

The first annual Internal Audit Case Competition was held on November 11, 2011. 


Please click HERE  for the full article and pictures of the event.


The Volunteer Corner

VolunteersAs the IIA celebrates its 70th anniversary, it is amazing to think how far the internal audit profession has come from those early days. The opportunities for participating in chapter activities back then did not extend much more than attending a meeting and networking. The variety of activities for which members can now volunteer has certainly blossomed considerably through the years.


The Atlanta Chapter has a wide variety of ways for members to volunteer in making a difference. Some of the more visible ways is to attend to the registration desk at the monthly meetings or even at a special event like the Atlanta Conference.


But did you know that there are always committees and task forces that could use an extra hand? Here are some examples:

  • Communications Committee (to help publish newsletter, expand uses of social media, etc.
  • Membership & Certifications (grow membership, certifications oversight and management)
  • Programs (to help provide engaging presentations)
  • Strategic Partnerships (expand outreach efforts)
  • International IIA Engagement (to encourage more participation)
  • Innovation (to conduct Innovator of the Year program)
  • Academic Relations (to strengthen the outreach to KSU/GSU )
  • The Atlanta Conference (to provide premier training to the metro area)
  • Volunteers (to help identify those who want to get involved)

There is always room for more...thoughts, ideas and involvement!


If you see something that you may like to do, you can contact any of the chapter officers or reach out to :

Glenda Ostrander

VP of Volunteers


You can make a difference!


Special Upcoming Events

The 6th Annual Student Day Event will take place on Februrary 17, 2012 at Kennesaw State University.  This event is free to all Georgia College and University Accounting students.  Sponsorships are available.  Please contact Barbara Jesup for more information on sponsorships.  Please contact Fred Masci for more information on Student Day.


The CIA Review Course will be presented by Dr. Glenn Sumners in Atlanta Monday, February 27, 2012 - Friday, March 2, 2012.   The course will be held at the Holiday Inn on Chamblee Dunwoody Road.  Parts 1 - 4 will be taught over a 5 day period.  Part 3 is a 2 day course.  The cost is $100 per part per day. Please click HERE for more information and to register.


 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