New York Chapter of the Institute of Internal Auditors NEW YORK REPORTS. PLATINUM AWARD CHAPTER September Knowledge Through Sharing and Learning

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1 New York Chapter of the Institute of Internal Auditors NEW YORK REPORTS PLATINUM AWARD CHAPTER September 2012 Knowledge Through Sharing and Learning The new chapter year is off to a fast start! The September workshop began the year with a bang, with close to 120 in attendance. The AM session was given by Protiviti, who presented third party vendor risk and IT governance. Luncheon Speaker Kevin Mayeux, Executive Vice President, Chief Officer for North American Operations, and General Counsel for the Institute of Internal Auditors, spoke on the value of IIA membership and gave updates on IIA initiatives. In the afternoon, EisnerAmper gave presentations on risk assessment, privacy, data security and breach response compliance, and business continuity and disaster recovery. In October, a foursome of events will continue the momentum, with a diverse range of topics to from which to choose. Summaries are below, with additional information and registration details on each located throughout this month s newsletter. October 4 The New York IIA Diversity Committee presents, Change the Way you Think About Your Career and Redefine your Strategy for Success. This is a follow-up to an event we held back in June. The interactive format will feature co-author Amy Kopelan of I Didn t See It Coming. The event will provide the audience with insight on how careers are shaped and defined with personal stories regarding office politics, rules of the workplace, and critical strategies. October 11 The Chapter s Business & Industry Committee will hold a panel discussion on Hot Topics in Asset Management. Areas of focus will be regulatory reform, investor expectations, shifts in business models, and the role of internal audit in the current business environment. October 19 The Hard Rock Café located in Times Square will be the location of our monthly workshop. Fraud and anti-corruption are the day s topics, to be presented by thought leaders from Crowe Horwath and Deloitte. Seating is limited, so register soon to secure your seat at our first event at this location. October 26 The New York IIA and ISACA s New York Metropolitan chapter have joined forces to bring to you a one day conference on leading edge ideas and 1

2 practices in IT audit. The event will begin with a panel discussion, followed by four sessions in each of three tracks: Governance, Audit, and Security. As you can see, the volunteers of the Chapter have been just a bit busy! Next time you attend one of our events, consider asking about volunteer opportunities with one of the talented professionals who dedicate their time organizing these impressive offerings. They would be happy to discuss how you could also become involved. Brian Mannix, President IIA New York Chapter 2

3 In This Issue President s Message 1 Page NY Chapter Information 2012/2013 Chapter Officers 2012/2013 Committee Chairs Upcoming Events and Workshops Schedule October 19 th Workshop Diversity Event October 4 th IIA Business & Industry - October 11 th IIA and ISACA Event October 26 th November IIA Workshop November, 16 th Certification Information CIA / CGAP Review Course Flyer CRMA Professional Experience Recognition ipace Online Course Member News Member Benefits Social Media Update Share your Knowledge 23 Membership Update 23 Employment Opportunities 24 Academic Relations Committee

4 IIA NY Chapter Officers President BRIAN MANNIX New York Life Insurance Company (212) Executive Vice President SCOTT KENNEY Deloitte & Touche (212) Vice President-Professional Development RAQUEL OQUENDO Columbia University Medical Center (212) Vice President - Professional Services CARMEN CACEDA Carmen_Caceda@msn.com Vice President Treasurer JUAN PEREZ New York Life Insurance Company juan_h_perez@newyorklife.com Vice President & Secretary ELEONORA PECHENIK Goldman Sachs eleonora.pechenik@gs.com Immediate Past President ( Chapter Year) JOHN FITZPATRICK Accume Partners (516) jfitzpatrick@accumepartners.com 4

5 IIA NY Chapter Committees CAP Reporting Officer: Brian Mannix Chair: Linda Tan Audit: Officer: Brian Mannix Chair: Ines Janssen Nominating: Officer: Brian Mannix Chair: John Fitzpatrick, Diane Napolitano Volunteer: Officer: Brian Mannix Chair: Debra Soumare Long Range Planning: Officer: Scott Kenney Chairs: Paul Flora, Nick DiMola General Auditors Roundtable: Officer: Scott Kenney Chair: Paulette Mullings Bradnock Business and Industry: Officer: Scott Kenney Chairs: Stacey Guardino, Uday Gulvadi, Patrick Glenn, Tracey Thomas/Alex Cacanando/Jessica Rodgers Special Events: Officer: Scott Kenney Chairs: Stacey Guardino, Uday Gulvadi, Patrick Glenn, Tracey Thomas Government Audit Committee: Ed Icasiano, Ellen Issacs History: Officer: Scott Kenney Chairs: TBD Academic Relations: Officer: Scott Kenney Chairs:Rachel Bond,, Olga Davis, Jennifer Morris, Cheryl Lovell, Altagracia Rodriguez Annual Audit Seminar: Officer: Raquel M. Oquendo Chairs: Uday Gulvadi, Carlos Garcia, Andrew Goldberg, Rachel Bond, Erin Morrow Workshops: Officer: Raquel M. Oquendo Chairs: Rachel Bond, Adwait Tare, Uday Gulvadi, Jim McCabe, Anthony Canton, Cheryl Lowell Luncheon: Officer: Raquel M. Oquendo Newsletter: Officer: Carmen Caceda Chair: Dainora Tommasino Social Media /Communications: Officer: Carmen Caceda Chairs: Aleksandra Terzano Public Relations, Advertising and Employment: Officer: Carmen Caceda Chair: Andrew Goldberg Subscription: Officer: Carmen Caceda Chair: Bill Morello CIA Exam: Officer: Eleonora Pechenik Chair: Olga Davis Membership: Officer: Eleonora Pechenik Chairs: TBD Outreach: Officer: Eleonora Pechenik Chairs: TBD Awards Dinner: Officer: Eleonora Pechenik Chairs: Mariaelena Deloux, Kathy Rennert Diversity: Officer: Eleonora Pechenik Chairs: Junny Rivera Social: Officer: Eleonora Pechenik Chairs: Coryse Farris Financial Reporting: Officer: Financial Controls: Officer: Juan Perez Chairs: Stephanie Mitchell Hoyt Melissa Teti, Anthony Porco i Awards and Gifts: Officer: Juan Perez Chair: Kathy Rennert Carlos Garcia 5

6 IIA NY Chapter Workshops / Luncheons September 14, 2012 Location: Baruch College AM: Protiviti, Third Party Risk Management Luncheon: IIA Global Headquarters Kevin Mayeux, EVP, CO for NA Ops and General Counsel for IIA Global Headquarters PM: Eisner Amper LLP, Risk Assessments/Privacy, data security and breach response compliance /Business Continuity and disaster recovery October 19, 2012 Location: Hard Rock Café AM session: Crowe Understanding Fraud and Current Statistics, Behavioral Elements of Fraud, Expanding the fraud triangle, Developing a best in class fraud risk assessment, Business Practices and Ethics Luncheon: Deloitte An Overview of fraud, the FCPA and UK Bribery Act PM: Deloitte Role of Internal Auditors in Mitigating Potential Corruption Risk November 16, 2012 Location: Baruch College AM: IIA Research Foundation, Preparing Internal Auditors for the Future Luncheon: Grant Thornton, State of Internal Audit PM: Telavance, Internal audit of AML & OFAC December 7, 2012 Location: United Federation of Teachers (UFT) AM: AIG, Emerging IT Risk Luncheon: KPMG, Implementing Effective Privacy Monitoring PM: Deloitte, Latest trends and developments in risk governance & controls monitoring in an era of uncertainty January 11, 2013 Location: Baruch College Full Day Session: LSU, Analytics February 15, 2013 Location: United Federation of Teachers (UFT) AM: Protiviti, Regulatory Hot Topics Luncheon: Grant Thornton, Vendor Risk Management PM: Grant Thornton, Social Media March 22, 2013 Location: Baruch College AM: Goldman Sachs, Continuous Monitoring Luncheon: TBD PM: AIG, Enterprise Risk Management April 12, 2013 Location: Hard Rock Café AM: Experis, the Risk Surrounding Cloud Computing Luncheon: TBD PM: Sabre Holdings, Moving IA along the continuum May 17, 2013 Location: TBD 40 th Annual Audit Seminar 6

7 IIA NY Chapter October 2012 Workshop Date: Friday, October 19, 2012 Times: Location: CPE: 8:30 AM 4:30 PM 1501 Broadway, (NY Room) New York, NY credits will be awarded for the full day workshop 3 credits will be awarded for half-day workshop 1 credit for luncheon workshop ~~Registration is open~~ Members: $175 Non-Members: $195 Luncheon Only (Members): $60 Luncheon Only (Non-Members): $70 ½ day with Lunch (Member): $90 ½ with Lunch (Non-Member) $100 ½ day without Lunch (Member): $90 ½ day without Luncheon Non-Member: $100 Morning Session: AM 8:30 am - 11:30am (3CPE) Presentation Topic: Understanding Fraud and Current Statistics, Behavioral Elements of Fraud, Expanding the fraud triangle, Developing a best in class fraud risk assessment, Business Practices and Ethics Jonathan Marks is a partner in the Risk business unit and is the national leader of the fraud, ethics, and anti-corruption practice at Crowe Horwath LLP. In his role, Marks advises domestic and international engagement teams and clients on anti-fraud, fraud, corporate governance, business practices, ethics, risk management, compliance, internal audit, and internal control matters. He also works closely with and provides training to boards and senior management. 7

8 Prior to joining Crowe, Marks was co-owner of a national consulting practice where he directed the firm s fraud, SEC, technical accounting, governance, internal audit, risk management, quality assurance review, and education/training practices. He began his career at PricewaterhouseCoopers and has more than 24 years of experience. Marks has expertise dealing with complex accounting, disclosure, and internal control matters, SEC reporting, registrations, and compliance with the Securities Act of 1933, the Exchange Act of 1934, the Racketeer Influenced and Corrupt Organizations Act, the Foreign Corrupt Practices Act of 1977 (FCPA), the SarbanesOxley Act of 2002, DoddFrank Wall Street Reform and Consumer Protection Act of 2010, and the United Kingdom s Bribery Act. Luncheon Workshop: 12:30pm 1:30pm (1CPE) Presentation Topic: An Overview of fraud, the FCPA and UK Bribery Act David Amendola and Bill Colemen will present the luncheon session. Afternoon Session: 1:30pm 4:30PM (3CPE) Presentation Topic - Role of Internal Auditors in Mitigating Potential Corruption Risk David Amendola is a senior manager in the New York Forensic & Dispute Services practice of Deloitte Financial Advisory Services LLP. He has a broad range of experience with forensic investigations, FCPA investigations, intellectual property licensing, breach of contract, and purchase price dispute engagements. Mr. Amendola s industry experience includes the pharmaceutical, medical device, consumer products, entertainment, technology industries and financial services. In addition, he has assisted clients in evaluating their collaboration, co-promotion, distribution and licensing agreements. He has also assisted clients in recovering millions of dollars of lost revenue as a result of contract misinterpretations. Bill Coleman is a Senior Manager in Deloitte Financial Advisory Services Forensic and Dispute Services Practice in New York. Bill has spent over 15 years providing internal audit, fraud investigation, forensic accounting, and legal support services during his time at a major pharmaceutical manufacturer as the Manager of Audit Compliance. Bill joined the Forensic and Dispute Services practice in June A 8

9 selection of Bill s accomplishments includes: Managed a team of 25+ colleagues on a large, cross functional client project related to the recent mortgage crisis. Managed a team of colleagues involved in the development of a centralized fraud office for a major financial services client. Reviewed, analyzed and summarized financial information and supporting documents for a large FCPA investigation of a consumer & industrial products client. Achieved Deloitte s Level I Industry Proficiency in Health Sciences & Government. For more information, go to To register, go to 9

10 I Didn t See it Coming Change the way you think about your career and redefine your strategy for success Thursday, October 4, :00-7:00pm Join us for an interactive discussion featuring co-author Amy Kopelan of I Didn t See It Coming. This event will provide the audience with insight to how Internal Auditor careers are shaped and defined with personal stories regarding office politics, rules of the workplace, and critical strategies. Ms. Kopelan and our Internal Audit guest speakers will talk candidly about their experiences and talk about the playbook Ms. Kopelan wrote to help other professionals, at any level of business, move successfully through any organization. I Didn't See It Coming provides savvy advice and strategic insights for recognizing and working through a variety of situations in your career. Peter Lund, Partner, Spencer Stuart: In the fiercely competitive world of business, these authors learned how to play the game with skill and competence. They are uniquely qualified to teach others the rules of the workplace. An Evening Not to Be Missed! From this session you will learn: The value in identifying your personal management style The mistakes to avoid when you re a manager or run a team The importance of visibility and alliances The game of power seating and what it gives away Program 5:00 5:15 p.m. Registration and networking 5:15 7:00 p.m. Program Event fee $15 for NY IIA Members $25 for non-members Note: June 19th session attendees may attend at no charge. Date and Location Thursday, October4th Deloitte 1633 Broadway (between W50 th and W51 st Streets) Register Visit the NY IIA website at CPEs Eligible for 1.5 CPE credits About Amy Kopelan Ms. Kopelan has been featured on FOX and Friends, Business Week online, On The Money, in CEO Magazine, Business Week, Chief Learning Officer Magazine, and CNN.com. As an author and President of Bedlam Entertainment, she produces CEO summits, interviews leading business innovators, moderates panels at industry conferences, speaks at national business symposiums, and consults to institutions and organizations. She serves as an advisor to The Grace Institute and The Institute for Career Advancement Needs. Sponsoring organizations 10

11 The Business and Industry Committee October 11, 2012 Hot Topics in the Asset Management Industry The Business and Industry Committee of the New York Chapter of the Institute of Internal Auditors invites you to join us for an upcoming panel discussion and networking reception. Date: Thursday, October 11, 2012 Location: The event will be hosted by New York Life New York Life Building 51 Madison Avenue New York, NY Time: 4-7 PM, Room: 1B Conference Center Welcome / registration: 4:00-4:30 PM Panel discussion and Q&A: 4:30-6:00 PM Networking Reception: 6:00-7:00 PM Registration Fee: IIA Member $15; Non IIA Member $25 Panel Discussion & Networking Event The regulatory developments impacting the financial services industry are expected to require increased governance and reporting requirements from asset managers. Regulatory reform in the wake of the recent economic downturn will be impacting traditional and alternative managers including Dodd-Frank, Foreign Account Tax Compliance Act (FATCA), Form PF and self-regulation initiatives such as Institutional Limited Partners Association (ILPA) reporting guidelines. Stricter regulatory environment is resulting in implementation of rule requirements, controls, information systems and applications, and/or enhanced policies and procedures to meet key regulatory requirements. Our panel discussion will feature senior Internal Audit executives from leading corporations in the Asset Management industry who have been proactively transforming their functions to meet the changing demands of their organizations. Panelists will provide their perspectives on the role of internal audit on the hot topics currently in the Asset Management industry. 11

12 This interactive discussion will include the following topics and key drivers: Regulatory Reform Investor Expectations A shift in Business Models. Role of Internal Audit The panel discussion will be followed by a question and answer session. Panel Moderator: Karen Modena, Principal, Ernst & Young LLP, Financial Services Advisory Panelists include: Deborah Prutzman, Chief Executive Officer, Regulatory Fundamentals Group LLC Danielle Ryea, Senior Manager, Ernst & Young LLP, Financial Services Advisory Jennifer Cooper, Managing Director, Diligence Review Corp Registration: Visit the IIA NY Chapter website to register at Space is limited and will be reserved on a first come, first served basis so please register early. In addition, 1 to 1.5 CPE will be offered. For questions regarding the event logistics, please contact Brian Mannix at brian_mannix@newyorklife.com For questions regarding event topics, please contact Richard Marinello at Richard.Marinello@ey.com 12

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14 IIA NY Chapter November 2012 Workshop Date: Friday, November 16, 2012 Times: 8:30 AM 4:30 PM Location: Two Baruch College 55 Lexington Avenue Room New York, NY CPE: 7 credits will be awarded for the full day workshop 3 credits will be awarded for half-day workshop 1 credit for luncheon workshop ~~Registration is open~~ Members: $175 Non-Members: $195 Luncheon Only (Members): $60 Luncheon Only (Non-Members): $70 ½ day with Lunch (Member): $90 ½ with Lunch (Non-Member) $100 ½ day without Lunch (Member): $80 ½ day without Luncheon Non-Member: $90 Morning Session: AM 8:30 am - 11:30am (3CPE) Presentation Topic: Preparing Internal Auditors for the future Margie Bastolla,CIA, is Vice President of The IIA Research Foundation located in Altamonte Springs, Florida. She oversees the Foundation s research, publishing, fundraising and retail operations, which includes The IIA Bookstore. In addition, Margie is the liaison to the Board of Trustees, a group of 25 volunteers who oversee the execution of the Foundation s mission and goals. Previously, Margie was The IIA s Director of Advocacy and drove the IIA s global advocacy strategy for universal recognition of internal auditing as a profession and cornerstone of governance. She interacted with senior level executives and officials of the International Federation of Accountants (IFAC), the International Organization of Supreme Audit Institutions (INTOSAI), The World Bank, and others. In addition, 14

15 she served as The IIA s advisor to IFAC s International Auditing and Assurance Standards Board. Formerly, Margie managed The IIA s Customized Training Programs Division. She served multiple roles as an education consultant, seminar instructor, and curriculum developer. Margie is an IIA Distinguished Faculty Member, an honor given to those instructors who achieve great success in the classroom. She has delivered hundreds of presentations to internal auditors and stakeholders around the world. Prior to coming to The IIA, Margie was an internal auditor with Worthen Banking Corporation and a public accountant with Deloitte in Little Rock, Arkansas. Luncheon Session: 12:30 pm - 1:30 pm (1CPE) Presentation Topic: State of Internal Audit Grant Thornton will be presenting the luncheon session. Afternoon Session: 1:30 pm - 4:30 pm (3CPE) Presentation Topic - Internal Audits of AML and OFAC Uday Gulvadi CPA, CIA, CISA, CAMS, is a thought leader in the areas of corporate governance, enterprise risk assessments, COSO internal audit, regulatory compliance, Anti Money Laundering (AML), Sarbanes-Oxley optimization, business process improvements, information technology governance. He has over twenty years experience in Internal Audit, Risk and Compliance Consulting professional with a unique blend of finance, corporate governance, risk, compliance and information technology skills. He has extensive international business experience managing projects with international clients and has held leadership positions as Partner and Director within Internal Audit and Risk Management practice at leading nationally recognized US and international accounting firms. Uday has successfully led multiple engagements in internal audit, risk and regulatory compliance reviews, AML compliance assessments, Business Requirements Definition, Process Optimization, independent systems validations and information technology controls assessments. He has advised senior management and Audit Committees on critical internal audit, Sarbanes Oxley (SOX), corporate governance and risk and regulatory compliance matters including anti-fraud, AML, security, ethics and external audit. Uday has developed and led firm wide training on internal audit and risk management, 15

16 organized and presented at several US and international conferences, seminars, workshops and webinars. Mahesh Viswanathan, Senior Vice President, Telavance, is a recognized leader in the management of risk and compliance organizations. As co-founder of Idola Infotech in 2002, he established an organization that was widely recognized for its exceptional quality and innovative solutions. During his tenure at Idola, he established a team that developed and implemented the industry leading anti-money laundering and risk rating software products. He was also responsible for fostering a key, strategic relationship with FIS (formerly Metavante/Prime Associates) which led to Idola implementing over 200 risk and compliance software solutions across a diverse range of financial institutions. With over 15 years of experience in the financial sector, Mahesh is known as an industry expert and is often engaged by senior bankers to provide strategic advice. Prior to Idola, Mahesh held various senior management positions including director of pre-sales, manager of offshore development, and senior executive overseeing partner relationships and software development. His projects often involved some of the world largest organizations including IBM where he led the development of a market-leading front office solution for broker dealers and a fully integrated insurance policy management and claims processing software product. Mahesh s broad experience crosses both business development and technology. He has been involved in multiple industries including financial services, ecommerce and pharmaceutical. Some of his key client relationships include Citigroup, Bank of New York, Reuters, KBC Bank, United Bank of Africa, and Wilshire Insurance among many others. For more information, go to To register, go to 16

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19 CRMA Professional Experience Recognition CRMA PER Deadline Extended Until 12/31 for IIA Members! Members in North America have until 12/31 to apply for the Certification in Risk Management Assurance (CRMA) certification through Professional Experience Recognition. For a limited time before the official exam for this new certification is launched in 2013, interested candidates have until December 31 to use education, certification(s) held, and experience within the 5 domains of the CRMA to attain a minimum of 155 points required to achieve the designation without having to sit for the exam. 19

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22 Members Benefits As a valued member of the Institute of Internal Auditors and the New York Chapter, I d like to remind you of just some of the benefits that are available to you as members. Membership entitles you to: Member Only Discounts through the IIA s Affinity Program- The IIA has partnered with a select host of companies to provide our members with special discounts on products and services. These companies include: Dell Geico Hertz Omni Hotels Member Only Discounts on Training through the Institute and the New York Chapter- As a member of the IIA, you are entitled to valuable guidance, training, and services at discounted prices including: Workshops Conferences Seminars Webinars, webcasts and e-learning opportunities Vision University (for Chief Audit Executives) Member Only Rates on Items in the IIA Bookstore and Professional Certification Exam Fees Instant Access to Valuable Reference Tools and Resources for the Profession- These include: Professional Practice Framework Practice Advisories Subscription to Internal Auditor Magazine I hope that you take advantage and enjoy the many benefits the Institute of Internal Auditors and the New York Chapter Please visit the IIA at for the latest information on member benefits or at to become a new member and take advantage of significantly reduced membership rates. We look forward to seeing you and your colleagues at our upcoming events. 22

23 Social Media Update We invite our members of the IIA New York Chapter to share your knowledge and enhance networking opportunities to. Please join the NY IIA Chapter LinkedIn group. Follow us on the following sites: Other IIA sites to follow: Share Your Knowledge New York Chapter is full of experienced auditors; this is an opportunity for members to share and learn from each other. You can contribute in any of the three ways: Expertise Stories Books Wisdom, tip, insight or technique that you ve found improves your audit process or saves you time. How did you get to where you are today? What have you been reading? We ll choose two each month and list them. For other members interested in submitting information to be published in our newsletter, please send an to our VP of Professional Services and Newsletter Officer Carmen Caced at by the 20 th of each month. 23

24 Membership Update Not receiving Chapter s and Workshop notifications? Please UPDATE YOUR IIA PROFILE! Log onto using IIA Member ID and Password Volunteer Corner If you are interested in volunteering for our chapter, please reach out to our Volunteer chair, Debra debra.stbernard@aeroflex.com Employment Opportunities If you are looking for a new opportunity, we currently have new job posting on our website. Individuals or organizations interested in posting job opportunities should submit a condensed job description to the Employment Officer, Carmen Carmen_Caceda@msn.com Academic Relations Committee The chapter's Academic Relations Committee presents internal audit related subject matter to students at local college and university career fairs. If interested, your organization can take the opportunity to have any open positions communicated at these events. If interested, contact Scott skenney@deloitte.com Also, if anyone with Student Internship opportunities, please contact our Academic Relations Committee Officer Scott skenney@deloitte.com 24