THE NORTHERN VIRGINIA AUDIT REVIEW

Transcription

1 October 2013 THE NORTHERN VIRGINIA AUDIT REVIEW THE OFFICIAL NEWSLETTER of the NOVA IIA CHAPTER In this issue: Odds & Ends...2 Sponsor Thanks...3 October Meeting Announcement.4 Call for Sponsors.5 General Meeting Information...6 Chapter Events Schedule....7 Newsletter Information..8 Courses and Seminars Chapter Leadership Directory.12 Greetings NOVA IIA members, To all of those who were able to attend our meeting on September 10th thank you very much. We enjoyed seeing many old and new faces at our event; thanks to Bill Turner and Experis for presenting on Developing a Strategic Internal Audit Plan. At our September meeting we asked for those interested in volunteering to aid the chapter and received a great response. Thank you to all who have donated their time to help the NOVA IIA continue to be one of the best chapters! We held the joint NOVA/DC Chapter Beginner Auditor Boot camp with 34 participants and it went great, thank you to those that attended. We also held the Social Event at Nationals Park and had a great time as well. Please join us for next month's meeting of the chapter year on October 1st at Maggiano s. Jeff Page from the Office of the Chief Financial Officer will be speaking on Leadership and Soft Skills in the Internal Audit Profession. We encourage everyone to attend to help boost their soft-skills. I appreciate the opportunity to serve as your president for the Chapter year and look forward to seeing you at our events throughout the year. Sincerely, Jeff Binford NOVA IIA Chapter President

2 Are you currently looking for new employment opportunities? Please visit the Job Corner of our website. chapters/index.cfm/vie Take your career to the next level volunteer with the NOVA IIA today! To learn more about volunteer opportunities, please contact any NOVA IIA officer (see the Leadership Directory in this newsletter). Dream of seeing your name in print? The NOVA IIA is looking for articles on hot topics in the internal audit profession. Submit your writing for inclusion in the NOVA IIA newsletter. Congratulations to our new CIAs, CGAPs, and CFSAs! These certifications will be announced and distributed at the May monthly meeting. New certification holders are invited to join us at the meeting at no cost. Hope to see you there! Advertise with us! Our newsletter reaches over 1,000 audit professionals in the Northern VA area. Purchase for a full year to receive a 10% discount. For more information, contact Scott Pence, VP Communications. Help us earn GOLD status again this year! Submitting articles to the IIA magazine or speaking at events in which CPEs are earned are just two of the ways you can help. For more information, contact David Clark, CAP Committee Chair. 2

3 THANK YOU TO OUR SPONSOR 3

4 MEETING DETAILS Tuesday, October 1, :30 8:00 PM Maggiano s Little Italy Tyson s Galleria Mall Phone: Complimentary Valet Parking Availabl Dinner Menu OCTOBER MEETING Leadership and the Effective Audit Presented by: Jeffrey Page, CFO, Library of Congress Served with freshly baked bread and complimentary brewed regular & decaffeinated coffee, hot tea, iced tea, and sodas. A restricted/limited open bar will be provided, including bottled domestic/premium/imported beer, house red & white wine, and bottled water. Appetizers (5:30pm 6:15pm) Stuffed Mushrooms Sausage and Peppers Salads Italian Tossed Salad Spinach Salad Speaker Bio Jeffrey Page, CFO, Library of Congress Jeffrey Page has been the Chief Financial Officer for the Library of Congress since September, As CFO, Jeff oversees the Library s central Budget Office, the Strategic Planning Office, the Financial Reports Office, the Financial Systems Office, and the Accounting Office. Prior to coming to the Library, Jeff served for 7 years as the Budget Director at the Corporation for National and Community Service. Jeff spent the first 12 years of his career working with the Peace Corps. He is fluent in French and Swahili and has a working knowledge of Tshiluba, a regional dialect spoken in central Congo. Jeff was born and raised and attended college in northern California, where his father, step-mother, three brothers and their families all still live. Main Course Pastas (6:15pm 7:00pm Four Cheese Ravioli, Pesto Sauce Baked Rigatoni Pomodoro Main Course Dinner Eggplant Parmesan Chicken Saltimbocca Dessert (7:00pm) Chocolate Zuccotto Cake Vera s Lemon Cookies Registration Fees Members - $55 Non-members - $75 Attendees will earn 2 CPE credits Please RSVP by 12PM, September 30, Payment must be received through PayPal via our Chapter website prior to the meeting. When you RSVP, please provide your name, organization, IIA membership number and contact phone number. 4

5 SPONSORS WE NEED YOUR HELP Opportunities Available We currently have sponsorship opportunities available for several of our upcoming Chapter meetings. Our sponsors are highly valued as key contributors to making our events both possible and successful! As a non-profit, we provide an open bar to attendees as well as incur significant event costs for state tax and banquet gratuity. Speakers are typically sponsored corresponding meetings with exclusivity at the $1500 level. Contact Information What s In It For You? $1500 Gold Sponsorship Corporate logo on NOVA IIA Website (corresponding with sponsor month) Dedicated sponsor attendee nametags Sponsor acknowledgement at event to all attendees Marketing at event via sponsor recognition signs and LCD logo display Recognition in President s message Distribution of organizational literature and job opening information to attendees FREE one-month full-page ad in monthly newsletter (reaching over 1,100 members) 2 FREE attendees If your organization is interested in sponsoring our monthly events, please contact Colleen Deegan, Vice President Programs, at Colleen.Deegan@bakertilly.com. We appreciate your continued support of and commitment to our Chapter and its members! 5

6 MEETING SUBSCRIPTION OPPORTUNITIES & GENERAL INFORMATION Sponsorship Opportunities As a non-profit, the NOVA IIA provides an open bar to attendees as well as incurs significant event costs for state tax and banquet gratuity. Our sponsors are highly valued as key contributors to making our events both possible and successful! If your organization would like to sponsor any of our events this year, please contact Colleen Deegan, Vice President Programs, at colleen.deegan@bakertilly.com. In order to register and reserve a seat for monthly meetings and seminars, payment must be received through our online registration and payment service provider, PayPal, via our Chapter website prior to the meeting/seminar. We thank you for your cooperation! Evening Meeting Registration Fees Members - $55 Non-Members - $75 Visit our Website We will include information for each upcoming event on our Chapter website, which can be found on the IIA s main page under toolbar heading Chapters & Affiliates or at Our website includes directions for payment of RSVP fees via a secure PayPal transaction in the Events section. Valet Our venue for monthly dinner meetings, Maggiano s, provides COMPLIMENTARY VALET SERVICE. We hope that this parking option will make our meetings an even more enjoyable event for you. Please note that a two-story parking lot will be available to you as well. Editor s Note: It is important for IIA members to update their personal data with any new changes so that we are aware of your newest title(s), contact information and preferences. Remember, as an IIA member, you can change your personal data, as well as your opt-out choices, on the IIA Web site, Once you have logged on, click on Update Your Profile, then edit your profile information 6

7 NOVA IIA Chapter Events and Meeting Schedule 2013/2014 NOVA IIA Chapter Events and Meeting Schedule Date Event/Topic/Sponsor Presenter Location CPE 10/1/13 Leadership and the Effective Audit Jeffrey Page Maggianos, Tysons Corner 2 11/5/13 Maggianos, Tysons Corner 2 12/3/13 Maggianos, Tysons Corner 2 1/7/14 Maggianos, Tysons Corner 2 2/4/14 Maggianos, Tysons Corner 2 3/4/14 Maggianos, Tysons Corner 2 April 2014 Annual Fraud Seminar TBD GMU Arlington Campus 16 4/8/14 Maggianos, Tysons Corner 2 5/6/14 TBD Maggiano s Tysons Corner 2 The NOVA IIA is starting a series of roundtables to help our members benchmark activities, discuss trends, and network. The roundtables will be provided at no cost to the participants and will be facilitated by a member of the NOVA IIA Board and Officer team. Participation is limited to 15 seats (we may be able to expand depending on interest). Initially, we intend to hold the following roundtables: Industry: CAE / Director Roundtable Audit Management Roundtable Government: Government Management Roundtable Not for Profit: Audit Management Roundtable Please share this information with anyone in your network who may be interested in attending. Inquiries and sign-ups should be sent to Raven Catlin (raven@ravenglobaltraining.com). 7

8 NEWSLETTER INFORMATION Advertising Rates for the 2011/2012 Chapter Year ¼ Page $50 ½ Page - $100 Full Page - $200 ** 10% Discount on a Full Year** Advertising services are available to members and nonmembers. Our newsletter reaches about 1,000 internal audit professionals in the Northern Virginia area each month. Organizations sponsoring Chapter meetings receive one full page advertisement FREE. Please contact Maureen Meara for more information on meeting sponsorship. Member News Do you have professional news to share with members? Publish it in the Northern Virginia Audit Review! Suggested topics include: New Hires or Promotions Job Changes or Retirement Special Recognition Articles or Book Reviews Submit your news today! NOTE: Employment related ads will no longer be placed in the newsletter. Instead, we will post relevant employment ads approved by chapter leadership at no charge (subject to change) to our Job Corner on the NOVA IIA Website. Corrections Please send your newsletter questions and corrections directly to Scott Pence, Scott.pence@resourcesglobal.com Submission Guidelines Submission Deadline 9/6/ /11/2013 Newsletter Distributed 9/11/ /14/2013 Meeting Date 10/1/ /5/2013 All newsletter submissions should be directed to Scott Pence. 11/8/ /13/ /11/ /16/ /3/2013 1/7/2014 Items should be submitted in a soft copy format that can be easily cut and pasted into Microsoft Word. 1/10/2014 2/7/2014 3/14/2014 1/13/2014 2/10/2014 3/17/2014 2/4/2014 3/4/2014 4/8/2014 Photos and/or logos should be provided in a JPG format. 4/11/2014 4/14/2014 5/6/2014 Advertisements should include the desired size of the ad and billing information, if applicable. Advertisements and member news items will be published in the newsletter following receipt of the information. 8

9 Courses and Seminars George Mason CIA Review Course For the 14th semester, George Mason University is pleased to present the CIA Review Course. This updated 3-Part CIA exam review course is taught by Raven Catlin using the premier CIA preparation tool, the IIA's CIA Learning System. You can pick the course dates and training method convenient for you. The available dates are as follows: Fall 2013 CIA Part 3 Oct 5, 19, Nov 9, 23, Dec 7 (5 days) CIA III Online Monday, Sept 30 Friday, Dec 6 (10 weeks) Spring 2014 CIA Part 1 Jan 11 & 25 (2 days) CIA Part 2 Feb 15 & March 1 (2 days) CIA Part 3 March 15, 29, April 12, May 3, May 17 (5 days) CIA I Online Monday, Jan 6, 2014 Friday, Jan 31, 2014 (4 weeks) CIA II Online Monday, Feb 17, 2014 Friday, March 14, 2014 (4 weeks) CIA III Online Monday, March 31, 2014 Friday, June 6, 2014 (10 weeks) Fall 2014 CIA Part 1 Aug 9 & 23 (2 days) CIA Part 2 Sept 6 & 20 (2 days) CIA Part 3 Sept 27, Oct 11, Oct 25, Nov 15 & 22 (5 days) CIA I Online Monday, July 21, 2014 Friday, August 15, 2014 (4 weeks) CIA II Online Monday, August 25, 2014 Friday, Sept 19, 2014 (4 weeks) CIA III Online Monday, Sept 29, 2014 Friday, Dec 5, 2014 (10 weeks) Click here for additional details and to sign-up 2013 COSO Internal Control Integrated Framework: Challenges and Opportunities Location: Date: Contact: Speaker: Sponsor: Deloitte Tysons Corner / McLean Office 1750 Tysons Boulevard, McLean, VA Lower Level (LL) Development Center Monday, November 4, 2013, 8:30 AM 5:30 PM Kristin Kole (703) kristin_kole@freddiemac.com or Courtney Leith courtney.leith@us.gt.com Deloitte & Touche LLP (Dawn Jones / TBD) Deloitte & Touche LLP CPE: 8 Price: Early Registration (through 10/15/2013): Members - $150 Nonmembers - $200 Registration (after 10/15/2013): Members - $200 Nonmembers - $250 9

10 Course Overview: The 1992 COSO Internal Control Integrated Framework (ICF) provided the foundation for nearly every internal controls and risk management standard and regulation. In May 2013, the much anticipated update to the 1992 ICF was released and is already having far-reaching effects upon management teams, auditors, process & controls specialists, compliance teams as well as those with responsibilities related to internal controls over financial reporting (ICFR). Please join us on November 4, 2013 for training on the updated 2013 COSO Internal Control - Integrated Framework presented by Deloitte & Touche LLP. During this 8 hour session, Deloitte will provide an overview of the 2013 COSO framework s structure and mission, including what was carried forward into the new framework, broad changes and transition and implementation guidance. Deloitte will highlight the key changes including the significant enhancements that may pose challenges to management, provide a detailed understanding of each of the 17 principles, and help you formulate specific actions for how you can identify, assess and implement the changes to your specific organization. The facilitators will also discuss the limitations of internal control and considerations and next steps during the transition period, including available tools and resources. Learning Objectives: At the end of this course, participants will be able to: Provide an overview of COSO s structure and mission Provide an overview of the COSO 2013 framework, including: o Core components of the 1992 Framework carried forward in the 2013 ICF o Expectations for governance and oversight o Application of ICF to complexities in laws, rules, regulations, and standards o Expectations related to competencies and accountabilities o Use of, and reliance upon, evolving technologies o Expectations related to the prevention and detection of fraud Provide practical implementation examples facilitated through directed questions and activities Discuss considerations and next steps during the transition period, including available tools and resources Link to register for event and speaker bio(s) / further information: Marketing and Branding Your Internal Audit Activity & Improving Internal Audit s Performance Date: February 4, 2014 Presenter: Watkins Meegan Location: Bethesda, MD CPE:8 10

11 Date: April 2014 Presenter: TBD Location: GMU Arlington, VA Campus CPE: 16 THE NORTHERN VIRGINIA AUDIT REVIEW Annual Fraud Seminar ATTENTION CIA CANDIDATES The Institute of Internal Auditors (IIA) developed The IIA s CIA Learning System to expand your internal audit knowledge and skills and prepare you for the Certified Internal Auditor (CIA ) exam. The IIA s CIA Learning System is a comprehensive and flexible training program that offers: Interactive print and Web-based study tools that teach the entire global CIA exam syllabus. My CIA Review Plan - a free, online tool to help you set a customized and realistic study plan. Web-based test questions to help prepare you for the computer-based CIA exam. CIA Practice Exam that simulates the Pearson VUE CBT testing software to build exam confidence. Begin your CIA preparations today with the help of NOVA IIA Chapter. All chapter members can purchase the Learning System for $745 (plus taxes & shipping) that s a savings of up to $100! Additionally, IIA members receive a $100 discount on full kits or $25 off per part when purchasing The IIA s CIA Learning System. Please visit to take advantage of the discounted IIA chapter member price. 11

12 Officers NOVA IIA 2011/2012 CHAPTER LEADERSHIP DIRECTORY Office Officer Eastern Region Rep Lauren McLean President Jeff Binford President Elect Laura Whiteman VP Programs Colleen Deegan AVP Programs Nikki Normandy VP Training Kristin Kole AVP Training Courtney Leith VP Communications Scott Pence Treasurer Bhavna Negandhi Secretary Maureen Meara Board of Directors Board Member Ariel Ramirez, CIA, CFSA, CGAP, CCSA, CFE Chris Migliaccio, CPA, CFE Dana Waring, CPA Raven Catlin Cheryl Brunner Wynne Patrick, CPA, CFE Ingrid Toledo Larry Hubbard, CIA, CCSA, CISA, CPA Scott Freinberg Matt Gagnon Walt Kobos, CIA Committee Chairs Committee Chair Academic Relations Matt Dankner Academic Relations Jun Wang Advanced Technology Scott Stephens Audit Bill Baker, CISA CAP David Clark Chapter Surveys Sabine Conrad CIA/Certification VACANT VACANT Community & Public Relations Dawn Jones Directory & Attendance Tristan Poje Government Relations & Nonprofit Nyall Meredith History & Library Jen Esquivel Hospitality & Meetings Elena Yearly Membership Richard Kozlow Newsletter Scott Pence Nominating & Strategic Planning Jennifer Esquivel Research Jack Gazlay Social Wynne Patrick Speakers Bureau David Clark Training Kristin Kole Website & Employment Brett Baughmann 12