The Institute of Internal Auditors Puget Sound Chapter NEWSLETTER

Transcription

1 INSIDE THIS ISSUE: The Institute of Internal Auditors Puget Sound Chapter NEWSLETTER President s Message August 2011 President s Message 1 Greetings All, Chapter Events 2 Pacific NW Enterprise Risk Forum 3 New CIAs 4 Platinum Award 4 Job Opportunities 5 Meet Your Chapter Officers 6-7 Chapter Officers 8 Board of Governors 8 Committees 9 Articles Submission: Help us keep members informed. Submit your news, articles and announcements for publication consideration in the monthly newsletter. Please submit them by the third Wednesday of every month to Maria Sibal at maria.sibal@nordstrom.com. Your Board members have met, finalized the plans, and it looks like we are off to another great year! You will see a few changes. We will be rotating our meetings between the familiar downtown Seattle site and the Eastside, including a collaborative joint session with ISACA. We begin the year with the first of our events at the Washington Athletic Club on September 13th at 11:30AM. Mark your calendar because you will not want to miss this one. We will host presenters from PWC who will lead a discussion of the newly issued State of Internal Audit Profession Survey results. This will be followed with a technical session focused on auditing the contract management function facilitated by Randall Coxworth at Protiviti. Please plan on joining us for both sessions. I send congratulations to the new CIAs who will receive their certificates at the September meeting. Welcome to our community of professionals. Please plan on making our events part of your schedule. The last two years we have been tracking those members who support our events on a regular basis. This year we plan to kickoff the Champion Program. Look to future newsletters for updates on how you can increase your score and be recognized at the May event. The May luncheon appears to be far in the future but your officers are already making plans to engage Larry Harrington as a speaker and monitor of the Audit Committee panel session. Larry is the VP of Internal Audit at Raytheon, and is currently serving on the North American Board of the IIA. Take a moment to visit our chapter website. We are working to make sure the information provided there is relevant and accessible. We extend many thanks to our webmaster, Allen Smolinski, for his continued efforts as chair of this committee. There are still opportunities for you to volunteer and share your talents. Please take a moment to review the committees still in need of support and consider joining one that could benefit from your skills. You can contact our Membership Chair Mei Lei at Mei.Lei@pemco.com if you have an interest. By now you should have received your invitation to register for the Pacific Northwest Enterprise Risk Forum. If you have not, please plan on visiting the site provided in the newsletter to add your name to the list of attendees. As I close this message, I congratulate the chapter membership as we receive notice of attaining, once again, Platinum Chapter Status for the fiscal year Chapter Achievement Program (CAP). It is only through your continued support that we are able to maintain this level. Together, I know we can make this a special year! Carol Carol A Morgan, President June 1, 2011 May 31, 2012 cmorgan@worldvision.org

2 Page 2 Puget Sound Chapter Events Luncheon Meeting September 13th (11:30 to 1:00) at the WAC State of Internal Audit Profession Luncheon Join us as we host presenters from PWC who will lead a discussion of the newly issued State of Internal Audit Profession Survey results. Last week editor Matt Kelly of Compliance Week published an article on the gap between the skills internal auditors will need to do their jobs in coming years, and the skills they currently have using the results of this survey. That sparked a flood of complaints from noted professions. We encourage attending this session to become informed and draw your own conclusion. Luncheon Meeting Registration Please register through the Events section of the Chapter's Home Page. The meeting will be conducted at the Washington Athletic Club, located in downtown Seattle at 1325 Sixth Avenue. The fee for the Luncheon Presentation is $35 for members of The IIA, $40 for non-members (one CPE is awarded). Technical Session September 13th (1:15 to 3:15) at the WAC Auditing High Risk Contracts Technical Session Each year, billions of dollars are spent by companies around the world to start up, operate and maintain their businesses. Of this spending, there are several billions of dollars that are outside of contract terms, duplicative, or simply erroneous. With massive amounts of potential contract cost recoveries and the global economy forcing companies to run leaner, now is an opportune time to examine your contractual spend for high risk contracts and positively impact your bottom line with cost recoveries that pay for your department and then some. Attendees will: learn indicators to determine what contracts to look at for cost recoveries. understand which processes and controls to look at during cost recovery efforts. see areas within high risk contracts to audit and hear real life exception examples. learn about tools to audit contract data more efficiently and effectively. audit a sample contract and associated payment applications full of exceptions. About the Presenters Randall Coxworth is an Associate Director in Protiviti s Los Angeles office. Prior to joining Protiviti, he spent eight years in a large general contracting firm managing construction projects, environmental services and disaster recovery projects in the Southwest region of the U.S.. He specializes in project risk identification, earned value management and contract control assessments as well as process performance reviews to the construction, healthcare / higher education, multi-tenant housing, commercial property, hospitality, consumer products & retail industries. He has been particularly involved in providing risk consulting and internal audit services within technical areas of organizations including engineering, construction, and environmental risk management. Technical Session Registration Please register through the Events section of the Chapter's Home Page. The technical session will be conducted at the Washington Athletic Club, located in downtown Seattle at 1325 Sixth Avenue. The fee is $60 for members of The IIA, $80 for non-members (3 CPEs are awarded).

3 Page 3 Puget Sound Chapter Events Register now for the 2 nd Annual Pacific Northwest Enterprise Risk Forum! Chapter Events Pacific Northwest Enterprise Event Highlights Risk Forum Risk Management: Learning from the Past, Looking to the Future This one day forum will explore how organizations have historically structured their enterprise risk programs, and how emerging risks are driving the need for change. Companies are once again beginning to invest new markets, new technologies, and modified business processes. Such changes will require organizations to maintain a more comprehensive risk management program, better integration with its business decisionmaking processes, and a more strategic focus with defined objectives. The Puget Sound Chapter of the Institute of Internal Auditors, The Seattle Chapter of Financial Executives International and the Seattle Risk Insurance Management Society have collaborated to host this powerful event. Topics will include: Emerging and Evolving Risks Do we really understand the risks we face? SEC and Risk Disclosure The expanding role of risk management at the Board and C -Suite level. Risk Oversight Reporting and performance measurement for sustainable ERM. Regulation Building sustainable compliance into our risk management practices. Save the Date Integration Making risk management activities more proactive and strategically focused. For more information, please visit When: October 20, 2011 Where: Red Lion on Fifth Avenue, th Avenue, Seattle, WA Fees: $195 if registered by September 15, 2011 $250 after September 15, 2011 Registration:

4 Page 4 Congratulations to the New CIAs! New CIAs We would like to congratulate our chapter s new Certified Internal Auditors! They will be honored during our luncheon meeting on September 13, Bridgette Takeuchi Brook Hamilton Daniel Girard Kymber Waltmunson Patrick Zanin Paul Robertson Platinum Award Congratulations to the Chapter Members for attaining the Chapter Achievement Program - Platinum Award! Our chapter has achieved, once again, the Chapter Achievement Program - Platinum Award under the leadership of Michael Tozour, chapter president for fiscal year. The platinum status is a special level created to recognize chapters that attain Gold status for 10 of 11 consecutive years. Congratulations to all the Puget Sound Chapter members! It is only through your continued support that we are able to maintain our platinum chapter status.

5 Page 5 Job Opportunities CHAN Healthcare Auditors Audit Manager We are looking for an exceptional, experienced and accomplished Audit Manager who can provide the level and quality of service for which we have become known. Through a riskbased and consultative approach, we work autonomously on-site with senior staff, including the CEO, CFO and Governance, to identify and evaluate risk, as well as develop and execute the internal audit function for the organization. Job Opportunities For more information, please visit: Intellectual Ventures Senior Auditor, Internal Audit Risk and Compliance This position reports to the head of Internal Audit, Risk & Compliance, and is responsible for assisting with the execution of various strategic compliance program areas including comprehensive risk assessments, business process and IT internal audit activities, enterprise risk and compliance efforts, variety of consultative projects, as well as licensing compliance initiatives. The ideal candidate is motivated, results-oriented, and committed to providing outstanding customer service to our business partners, in a fast-paced, dynamic environment with competing priorities.for more information, please visit: &rid=971 Nintendo of America Staff Auditor The Staff Auditor position performs and documents a variety of internal audits: operational, financial, and compliance (including Japanese Sarbanes Oxley). Under the supervision of the Audit Manager and the Chief Auditor, the Staff Auditor will evaluate business risks and controls, perform and document testing and walkthroughs of business process and controls, and interview all levels of personnel. The Staff Auditor is responsible for maintaining detailed and well-organized audit workpapers and assist in preparing comprehensive written reports. For more information, please visit:

6 Page 65 Meet Your Chapter Officers President Carol Morgan Carol A. Morgan is the VP of Audit & Risk Management Services for World Vision, a Christian humanitarian organization dedicated to working with children, families, and their communities by tackling the causes of poverty and injustice. She has responsibility for planning and completion of operational, compliance, and financial audits conducted at all World Vision US sites. In addition, the group is responsible for oversight of the compliance framework, business continuity planning and enterprise risk management. Meet Your Chapter Officers Carol began her auditing career with the Defense Contract Audit Agency (DCAA) in the Washington, DC area. A move to Seattle, Washington helped to develop her internal auditing skills while working for SAFECO Insurance. Returning to government auditing as Manager of Internal Audit for Todd Pacific Shipyards, Carol reestablished the internal audit function and was responsible for operational and government contract compliance audits. Prior to joining World Vision, Carol gained external auditing experience as a manager with the public accounting firm McGladrey and Pullen, LLP where she performed financial statement audits of credit unions. Carol and her husband, Robert were featured in the Society of Corporate Compliance & Ethics, June 2008 magazine. Carol holds a BS degree from Towson University. She is a Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE), Certified Corporate Compliance & Ethics Processional (CCEP), Certified Internal Control Professional (CICP), and a Certified Information Systems Auditor (CISA). First Vice President Corey Saunders Corey, a CPA, is a senior manager in Grant Thornton s Northwest Advisory Services. Corey is based out of GT s Seattle office, and has 14 years of experience in the delivery of outsourced and cosourced internal audit services, Sarbanes-Oxley (SOX) compliance, Quality Assessment Reviews following the IIA Standards, and related project management. Corey also provides services on the IT side of auditing, including SSAE 16s, IT Audit supporting external audit clients, IT risk assessments, and IT-related internal audit components at both the ITGC and application control levels. Prior to joining Grant Thornton, Corey was with KPMG for seven years; however, he began his career with PwC in 1997 working in the financial audit practice. In 2001, he made the transition into Internal Audit, and most recently spent one year leading the transformation of a Fortune 300 solid waste, recycling and disposal provider s Sarbanes-Oxley compliance program. Corey has extensive experience managing a variety of small- to large-scale internal audit relationships and SOX compliance programs, and has managed projects across five continents. Corey received his Bachelor of Science degree in Accountancy from Arizona State University, where he was a member of the ASU Honors College. Prior to re-locating to Seattle in September 2010, Corey had served for three years on the Audit & Finance Committee, the final year as chairman, for a not-for-profit retirement and assisted living community in Glendale, AZ. Finally, he was a national instructor while at KPMG and has presented in numerous classes at Arizona State University and University of Washington, covering topics such as SOX, financial reporting risk assessments, internal auditing, fraud, and ethics, and thoroughly enjoys teaching and public speaking.

7 Page 7 Meet Your Chapter Officers (continued) Second Vice President Shane Clarke Meet Your Chapter Officers Shane is a Manager in Protiviti's Seattle office with over 7 years experience providing internal audit, Sarbanes-Oxley and business consulting services. Shane's main areas of focus are internal audit and revenue cycle consulting solutions for healthcare providers and payers. Prior to joining Protiviti, he spent more than four years serving the internal audit and internal controls needs of a leading provider of outpatient diagnostic imaging services and has also performed various Accounting roles in the Hospitality, Entertainment, Telecommunications, and Healthcare Industries. He holds a BS degree from Greensboro College and is a Certified Internal Auditor (CIA). Secretary - Maria Sibal II Maria is an Internal Audit Principal at Nordstrom. She is a Certified Public Accountant, a Certified Internal Auditor, and a Certified Information Systems Auditor. Prior to Nordstrom, she was a Senior Internal Auditor at T-Mobile USA, and was a Lead/Fraud Auditor at Washington State Department of Labor and Industries. Maria moved to the United States from the Philippines in She graduated Cum Laude from the University of Washington with a Bachelor of Arts degree in Business Administration with Accounting concentration. In her spare time, she enjoys dancing West Coast Swing and Latin dances. Treasurer William Smith Bill is currently a Senior Auditor with PRGX (Profit Recovery Group), whose post audit recovery clients include Amazon.com, Boeing and the State of Oregon. Prior, Bill was the Finance Director for several medical laboratories and a volunteer with the U.S. Peace Corps. He holds an MBA from DePaul University, and is a Certified Public Accountant, Certified Internal Auditor and Certified Fraud Examiner. He is married with three children.

8 Page 8 Chapter Officers Chapter Officers and Board of Governors Carol Morgan President Corey Saunders 1st VP Shane Clarke 2nd VP Maria Sibal Secretary Bill Smith Treasurer Michael Tozour Past President Name Company World Vision Grant Thornton LLP Protiviti Nordstrom PRGX Moss Adams Board of Governors cmorgan@worldvision.org corey.saunders@us.gt.com shane.clarke@protiviti.com maria.sibal@nordstrom.com william.smith@prgx.com michael.tozour@mossadams.com Name Company Alpa Parikh Anne Etter Annette Mumford Christina Gehrke Denise Merle Dominique Vincenti Karen Kachele Kriss Morris Lisa Battaglia Michael Kucha Tom Taylor Wendy Jones Puget Sound Energy HomeStreet Bank FHLB Seattle Weyerhaeuser Nordstrom RSM McGladrey PACCAR Boeing Ernst & Young Mutual of Enumclaw Alaska Airlines

9 Page 9 Committees Committee Company Committee Chairs The and Committee Members Chairs welcome your input. Academic Relations Committee Marilee Byers Microsoft marilee.byers@microsoft.com Advocacy Committee Karen Kachele-Gottschalk RSM McGladrey karenkachele.gottschalk@mcgladrey.com Audit Committee Jim Hall (chair) Retired hstamps1@verizon.net CAP Reports Committee Annette Mumford (chair) HomeStreet Bank annette.mumford@homestreet.com CIA Program Committee Christina Gehrke (chair) Federal Home Loan Bank cgehrk@fhlbsea.com Directors Roundtable Committee Douglas Taylor (chair) Sterling Life Insurance Co. douglas.taylor@sterlingplans.com Historian Carol Morgan (chair) Jason Kidd Intern Committee World Vision T-Mobile cmorgan@worldvision.org jason.kidd@t-mobile.com Kevin Raferty (chair) Verity Credit Union kevinr@veritycu.com Kristina Demek kdemek@hotmail.com Membership Committee Mei Lei (chair) Pemco mei.lei@pemco.com Amy Brock Bank of Pacific abrock@bankofthepacific.com Newsletter Committee Frank Severinghaus (chair) Ernst & Young frank.severinghaus@ey.com Program Committee Meghan Hargreave (chair) Protiviti meghan.hargreave@protiviti.com QAR Project Committee Annette Mumford (co-chair) HomeStreet Bank annette.mumford@homestreet.com Anne Etter (co-chair) Puget Sound Energy anne.etter@pse.com Conference Planning/Marketing Karen Kachele-Gottschalk (chair) RSM McGladrey karenkachele.gottschalk@mcgladrey.com Brain Magbaleta T Mobile brian.magbaleta@tmobile.com Website Committee Allen Smolinski (webmaster) T-Mobile allen.smolinski@t-mobile.com Natalie Blachere (back-up) Getty Images natalie.blacher@gettyimages.com