Volume 1 Issue 1 (September 2010) - Chapters Site - Home€¦ · Publicity / Social Media Sam...

In this issue:

Calendar of Events 2

Membership Information 3-5

Board and Committees 6

Help Wanted 7-9

CIA Review Course 10

Upcoming Event 11

Executive Reminders 12

Pres ident ’s Message

Institute of Internal Auditors — Philadelphia Chapter

September 2010 Volume 1 Issue 1

Audit Scope

Dear Chapter Members,

Welcome to a new Chapter year! It is hard to believe that the fall is upon us and with it another exciting year of

programs and events is ready to kick-off.

I would like to begin by thanking the Chapter officers, Board members, and several volunteers who have stepped

up and accepted responsibility this year as Chairs or Members for the various committees supporting Chapter

activities. The Chapter’s success is mainly attributable to the efforts of these selfless volunteers; and I applaud

them for their dedication and service. Our newsletters this year will highlight the activities of a few of these

committees.

We hope to achieve Gold Status for the Chapter for the sixth consecutive year and have aligned our goals with

the Chapter’s mission of providing first-class services to members and contributing to the growth of the internal

audit profession. Our goals for the 2010-11 Chapter year are as follows:

• Provide high-quality CPE for Chapter membership while maintaining low costs at sponsored/

low-priced venues for monthly events

• Feature high caliber keynote as well as session speakers at Fall and Spring Conferences to maintain

top attendance

• Attract sponsors for Fall and Spring Conferences to offset conference expenditures

• Continue to co-sponsor events with ISACA, ACFE, and FIRMA

• Continue to expand training and networking opportunities for Chapter CAEs

• Host events to enhance internal audit awareness in the higher education community

• Offer social networking and employment opportunities to Chapter membership

• Enhance Chapter financial management and process for selection and approval of keynote speakers

for Chapter conferences

• Contribute to the IIA Research Foundation and sponsor key activity

Our Programs Committee kicked off the year early with a highly successful webinar on “IFRS/XBRL – The New Wave in Financial Reporting” by Samuel A. Monastra, CPA, a Director with Fesnak and Associates, LLP. The webinar was offered free to our members and we had over 130 participants! Thanks to Accume Partners for sponsoring this NASBA certified program. The Fall 2010 Conference Committee has been working diligently to coordinate another GREAT Fall Conference for you. Our impressive list of keynote and general session speakers, including Denny Beran, Chief Audit Executive of JCPenney Company, Bob Kodzis, a nationally recognized motivational speaker, and Charlie Manuel, our own World Series Champion Manager, will surely prompt you to mark your calendars!

Additionally, on the agenda for this month is a CAE Breakfast and Networking event on October 5th. I encourage

you to access the ‘Events’ section of the Chapter website to stay connected with Chapter hostings. I will also

periodically send informational e-mails outlining Chapter events and news so as to keep you informed.

I look forward to your continued interest and support and hope to meet you at a future chapter event. I will gladly

receive your feedback and comments during the year.

Best Regards,

Nilu

Nilufer K Shroff

President

IIA Philadelphia Chapter


September 2010 Volume 1, Issue 1

Audit Scope—Calendar of Events

2010 Upcoming Events though December, 2010

Date Time Topic CPE's Location

October 5th 2010 8:00—10:15 am CAE Networking Breakfast: “The

Economic Outlook” TBD The Federal Reserve Bank of

Philadelphia

October 20, 2010 8:00 am—4:15 pm Controlling and Minimizing your IT Risk

8 Deloitte LLP, Philadelphia, PA

November 22, 2010 8:00 am—5:30 pm IIA Fall Conference 8 Pennsylvania Convention Center,

Philadelphia, PA

December 13, 2010 8:00 am—4:15 pm Joint Event with ISACA 8 Independent Blue Cross,

Philadelphia, PA

*** Note: Event details are subject to change. ***

Please note our address has changed!

Please use the following address for all future IIA mail correspondence:

PO Box 59476, Penn Center, Philadelphia, PA 19102-9997

Phone: 215-405-5510



Audit Scope—Membership News

New & Renewing Members

May through August 2010

MEMBERSHIP COMMITTEE

Chairperson 2010-2011 chapter year— Michelle Hayes / Deepti Modgekar The Chapter seeks to sustain its strong membership base as well as pursue prospective new members. The Chapter will strive to increase the level of participation from its large membership base by continuing to offer opportunities for education, networking, and social gatherings in a variety of ways to appeal to multiple segments of the membership population.

The mission of the Membership Committee is to serve the IIA Philadelphia Chapter by identifying and delivering potential new members, advising on membership materials, and developing and monitoring programs that will support the retention of existing members. The Committee’s

Membership Recruitment and Retention Plan includes the following:

1. Achieve new member goal of 5% net increase

2. Develop mentor program and communicate via webpage

3. Follow up and tracking of suspended/displaced members

4. Identify potential members, contact and recognize new members

5. Hold 2-3 social events designed to increase/retain membership

Justin Brown Andrea Schlaffer

Karyn Frohbergh Stephen Endres

Robert Colby Nicole Garwood

Brian McMahon Jennifer Flynn

Wesley Vesterby Kelly Burgess

Tanuja Mody Kenneth Albert

Elenor Forbes David Zavitz

Alexandra Smolansky Renee Glass

William Langford Kimberly Brown

Chris Voit Timothy Guiney

Holly Tucker John Foderaro

Anam Abdulla Frank Bommentre

Zachary McGoldrick Susan Findley

Brian Lubing Katie Freed

Mark Lindig Thomas Burget

Scott Chambley Sarah Porter

Ma. Theresa T. Baladad

Patrick Beglev

Christopher Rotante

Charles McCallum

Stephanie Knarr

Nicole Ahrndt

Lindsey Davis

David Marks

Andrew Clark

Ayse Hoopes

David Morales-Meza

Reebu George

Kimberly Curran

Kevin Hoguet

Robert Corbo

Jennifer Potter

Eric Fay




New Certifications

January through June 2010

MEMBERSHIP COMMITTEE

Chairperson 2010-2011 chapter year— Michelle Hayes / Deepti Modgekar

Douglas Sasso Jun Zhao

Sean Stickel Michael Manzi

Vladislav Merkulov Eliana Arnelo

Daniel Jankiewicz Michelle Cook

Kamran Roshan Odir Chanez

Kevin Arthur Taylor

Andrea Tranchik

Stephanie Thornton

Zainele Zekeria

Jennifer Malatesta-Johnson

Lisa Jo Cosentino

Ruining You

CIA

Amy Butler

Twels Carpenter

Kenneth Ervan Cox

CFSA CCSA

Chiong-Bing (Victor) Kong

Joanna Mongillo

Edward Coyne

Vincent Martino, Jr.

Cesiley Watson

MEMBERS –

PLEASE UPDATE YOUR IIA PROFILE!!

If you are not receiving chapter newsletters and invitations to monthly events, it is likely because your IIA Profile has not been updated with your most current email and contact information.

Log on to the IIA and update it now!

http://www.theiia.org




Noteworthy Achievement!



Audit Scope—Chapter Leadership

2010-2011 CHAPTER OFFICERS

PRESIDENT FIRST

VICE-PRESIDENT

SECOND

VICE-PRESIDENT

THIRD

VICE-PRESIDENT

VICE-PRESIDENT OF

FINANCE SECRETARY

Nilufer Shroff

Princeton University

Jerry Stussy

AC Lordi

Bob Emrich

Barclaycard US (DE)

Jay Brightman

Randy Merer

Robert Half

Trisha Silvasy

Princeton University

District Representative—Dave Naser Capologist – Tonya DiGiuseppe

BOARD OF GOVERNORS

Malfalda Dennett Mike Ford Ram Vijayanathan

Michelle Hayes Todd Havens Matt Bogusch

Marie Hendrixson Joe Hayes Jim Frank

Dave Naser Joe Kobulsky Joe Murphy

Bill Shea John McLaughlin Rich Sheaffer

Efram Silberstein

2010-2011 COMMITTEE CHAIRS

Committee Contact Information

Programs Joe Murphy / Jay Brightman

Strategic Planning Matt Bogusch

Academic Relations Matt Bogusch / James Stoltz

Certifications Jim Frank

Chief Audit Executives Todd Havens / Marie Hendrixson

Employment Dave Aubrey

Hospitality/Social Joe Hayes

Membership Michelle Hayes / Deepti Modgekar

Newsletter Louanne Muldoon / Mafalda Dennett

Nominating Ram Vijayanathan

Website Joe Kobulsky

Volunteer Joe Kobulsky

Publicity / Social Media Sam Monastra / Amy Gagliardi

Community Service Deepti Modgekar

2010-2011 CONFERENCE CHAIRS

Chairperson Contact Information

Fall Conference Michelle Hayes

Fall Conference Gretchen Gray

Spring Conference Jerry Stussy

Spring Conference Trisha Silvasy



Audit Scope—Help Wanted

The Help Wanted section is open to

all Philadelphia Chapter members to

post brief job postings. Please limit

your posting to 100—150 words.

Please contact the newsletter

committee at

[email protected]

for a template.

And don’t forget to visit the

Chapter’s website for a complete

listing of all current job postings at

www.theiia.org/chapters/philly

Senior Auditor- Sponsored Research Princeton University is a liberal arts college and leading research university providing higher education to students since 1746. It is conveniently located just 60 minutes from New York City and 55 minutes from Philadelphia. The Office of Audit and Compliance (OAC) at Princeton University serves as a proactive partner with University management and staff to upgrade business processes, internal controls and compliance mechanisms. Sponsored research is one of the most vital and fastest growing areas of the University. OAC is seeking a competent candidate with either operational experience or audit experience in sponsored research to provide quality audit and advisory services to the University. Position Summary: Reporting to the Associate Director, Internal Audit, the senior auditor will perform compliance, financial, and operational audits at the University. For those candidates with an excellent background in sponsored research, training will be provided to develop expertise in audit and compliance practices. The individual will work collaboratively with management and staff to examine and evaluate transactions and business processes, and identify opportunities for enhancing compliance, internal controls and process efficiency. The individual will:

• Participate with central IT and internal user groups to assist in the design of policies, procedures and systems in order to enhance compliance reporting and management of all sponsored research funding.

• Plan the audit by assessing the overall risk in the audit area, partner with the client to define the audit scope and objectives, determine project resource requirements.

• Design a detailed audit program, conduct interviews, document and analyze processes and apply critical thinking skills to evaluate risks and controls, and assess compliance with external regulations and University policies.

• Analyze data, perform audit tests, and document test results.

• Complete audit workpapers. Prepare and present audit report summarizing audit conclusions, observations and recommendations. Ensure that projects have value-added results and are completed on time.

• Demonstrate creativity in handling projects. Partner with clients with a solution and service oriented approach.

• Uphold the highest professional and ethical standards.

This role is Princeton-based and does not require travel outside of the area. Essential Qualifications:

• Demonstrated ability to understand and apply complex federal regulations preferably within a University, non-profit, or government agency environment.

• Good understanding of business processes, ability to assess risks and recommend controls, outstanding verbal and written communication skills, and excellent interpersonal skills to deal with all levels of personnel throughout the University.

• Demonstrated skills using computers and various software, strong data analysis skills and ability to interpret complex data with respect to regulations and policies.

• Self-motivation, initiative and broad thinking. Ability to work independently and handle multiple projects simultaneously.

• BA/BS in accounting, business, or related field required. The finalist will be required to successfully pass a background check. Preferred Qualifications:

• Candidates with operational knowledge of sponsored research will be preferred.

• 3+ years of appropriate experience in internal audit/public accounting or appropriate operational experience in sponsored research (without audit background) preferred.

• Advanced degree in business, finance, or related field preferred.

• CIA and/or CPA and/or CISA, or commitment to pursue preferred.

• Knowledge of PeopleSoft and COEUS is a plus.

• Knowledge of GAAS and IIA professional standards is a plus. In order to apply, please go to: https://jobs.princeton.edu/applicants/Central?quickFind=59935









committee at

[email protected]

for a template.





University of Medicine and Dentistry of New Jersey

Internal Auditors—Multiple Positions

Job Number: 10NS965957

Location: Newark (Northern New Jersey)

Facility: Central Administration

Department: Internal Audit

Status: Regular Full Time

Salary Range: YS-28: $65,443 - $78,254 – $91,062

Positions may be located on Newark, New Brunswick or Stratford Campuses.

Qualifications: Bachelor’s Degree in Accounting or Finance is required plus five to seven (5-7) years of full-time experience in auditing, accounting, business analysis, or program evaluation (Master’s Degree is preferred). Experience in an academic medical center, health care, and/or higher education auditing, accounting and certification as a CIA or CPA preferred. Knowledge of the Standards for the Professional Practice of Internal Auditing and the Code of Ethics developed by the Institute of Internal Auditors. Knowledge of management information systems terminology, concepts and practices. Skills in collecting and analyzing complex data, evaluating information and systems, and drawing logical conclusions. Skill in negotiating issues and resolving problems. Skill in using a computer with word processing, spreadsheet and other business software to prepare reports, memos, summaries and analysis. Skill in effective verbal and written communications, including active listening skills and skill in presenting findings and recommendations. Ability to establish and maintain harmonious working relationships with co-workers, agency staff and external contacts, and to work effectively in a professional team environment. A combination of related education and experience may be substituted for the degree on a year-for-year basis.

Responsibilities: Under direction of the Senior Audit Manager, the Internal Auditor 1 performs professional internal auditing work. Work involves conducting performance, financial and compliance audit projects; providing consulting services to the organization’s management and staff; and providing input to development of the Annual Audit Plan which is complex and varied. Defines and discerns key aspects of a problem and develops an integrated solution within a broad technical and business context of significant impact. Develops solutions requiring analysis and research.

UMDNJ offers a competitive salary & comprehensive benefits package including child care. Affirmative Action/Equal Opportunity Employer, M/F/D/V. For more information, visit www.umdnj.edu/hrweb.









committee at

[email protected]

for a template.





GSI Commerce, Inc.

Senior Auditor

Description Overall responsibility of the Senior Auditor is to design and execute independent and objective operational,

financial and compliance audits.

Essential Job Duties:

• Planning Scope and Procedures: Review of business processes, internal control systems, and integrity of financial information with emphasis on areas such as procurement, capital expenditures, business

development funds, accounts payable (vendor invoices), etc.

• Audit Programs: Design detailed audit plans to promote effective audit coverage.

• Field Work: Perform all field work in a competent and professional manner. Conduct interviews,

obtain and analyze all relevant data and information

• Recommendations and Process Improvements: Formulating reliable and factually correct findings and recommendations for enhancements to the related process or control, as well as following through on resulting recommendations. Formulating recommendations to improve internal control processes and

other value added opportunities is an essential part of this role.

• Work Paper: Preparing comprehensive work papers and development of complete audit reports for

management, which include constructive recommendations for future action.

• Special Investigations: Conduct forensic investigations as directed by the Chief Compliance Officer and Senior Audit Manager, through the detection of a fraud, to forensic support for successful criminal and

civil prosecution.

Other duties will include:

• Responsible for developing audit prevention and detection processes to meet the various company-wide

fraud threats in both business and technology arenas.

• Facilitating the Internal Audit Department’s fraud risk assessment initiatives and aggressively identify

opportunities to enhance the rigor of the company’s anti-fraud and whistleblower programs.

• Developing control-monitoring mechanisms for management as required.

Minimum Requirements • B.S. in Accounting, Finance or other relevant business discipline required.

• Should possess a CFE or CIA designation with a data analytics (fraud detection) background.

• CPA desirable, but not required.

• 5+ years relevant work experience is required in either internal audit/fraud investigative function of a large

public company or 3 years in a public accounting environment where primary role was advisory services.

• Strong analytical, problem solving and investigative skills.

• Strong project management skills.

• Exceptional organizational skills with the ability to prioritize work with other competing priorities. Strong interpersonal and communication skills, including strong audit program and report writing skills with the

ability to articulate effectively with management.

• Proficiency in MS Outlook, Word, Excel and PowerPoint required.

• Travel requirement: up to 15% domestic

Contact

[email protected]



CIA Review Course

Dear Philadelphia IIA Chapter Members,

We are pleased to announce that the Philadelphia IIA Chapter and Villanova University will continue their partnership to promote The IIA’s CIA Learning System utilizing Comprehensive Instructor-led Courses to expand your internal audit knowledge and prepare you for the Certified Internal Auditor® (CIA®) exam. Seats are still available for the fall classes starting on Saturday, September 18, 2010. Further details are noted below or can be accessed through the "Events" section of the Chapter website:

Instructor Biography:

Michael Brozzetti, CIA, CISA, CGEIT, is a passionate innovator, educator, and consultant. He is the CEO of Boundless LLC, a Philadelphia-based internal audit and risk advisory firm (www.boundlessllc.com) and Chairman of the Business Integrity Alliance™, a joint venture between zEthics, Inc. and Boundless LLC. Michael’s experience includes: “Fortune 500” internal audit, “Big 4” external audit, and as a strategic partner and trusted advisor to his clients. He has authored “The New Era for Internal Auditors” article published with the Institute of Internal Auditors and has presented before groups including the Greater Philadelphia Senior Executive Group and Vistage International, the World’s largest CEO membership organization. Michael brings a mix of both theory and “real world” practice into the classroom and exudes a genuine care in helping people advance themselves, personally and professionally.

Course Dates Time CPE

Credits

Part I: The Internal Audit Activity's

Role in Governance, Risk and control

Saturdays, September

18 and 25, 2010 8:00 a.m. - 5:00 p.m. 15

Part II: Conducting the Internal Audit

Engagement

Saturdays, October 2

& 9, 2010 8:00 a.m. - 5:00 p.m. 15

Part III: Business Analysis and Infor-

mation Technology

Saturdays, November

6, 13 and 20, 2010 8:00 a.m. - 5:00 p.m. 22.5

Part IV: Business Management Skills Saturday, December

11, 2010 8:00 a.m. - 5:00 p.m. 7.5



Upcoming Event

Hold the Date –

Fall Conference on

November 22, 2010!

The Philadelphia Chapter is once again looking forward to hosting a tremendous Fall Conference on November 22, 2010 with top notch Track and Keynote speakers. Our keynote lineup is sure to please all of our participants, starting with Denny Beran, Chief Audit Executive of JCPenney Company, one of the most recognized and successful retailers in the World. Our second keynote speaker is Bob Kodzis, a nationally recognized motivational speaker for IIA Headquarters and other professional groups. Bob is sure to reach into your soul in focusing on your audit career in conjunction with the other “stuff” in your lives including religion, family and recreation. Lastly, the Philadelphia Chapter is pleased to announce that Charlie Manuel, our own Manager of the 2008 Baseball World Champions, is going to provide a brief talk on motivation and teamwork followed by cocktails and a brief autograph signing to wrap-up the event.

As you know, social media has become an integral part of our lives. The Philadelphia IIA Chapter is active on both Facebook and LinkedIn. Find updates on events, read the current newsletter and connect with other chapter members. For Facebook, you can find us under the Institute of Internal Auditors - Philadelphia Chapter. "Link in" with us at linkedin.com - our group name is "Institute of Internal Auditors - Philadelphia"

Amy Gagliardi, co-chair of the Publicity and Social Media Committee is

excited to use social media to communicate our events and expand our

auditing community. Look for more updates and news throughout the year

on these websites. If anyone is interested in discussing how we can

expand our footprint within the local and/or national social media

landscape please contact Amy (610-738-0100, [email protected]).

Nilu Shroff, President

IIA – Philadelphia Chapter

Penn Center Station

P.O. Box 59476

Philadelphia, PA 19102-9997

Institute of Internal Auditors —

Philadelphia Chapter

PROGRESS THROUGH SHARING.

• Don’t forget to save the date for the upcoming events—see page 2 for a complete list

• Update your membership information to ensure you receive the newsletter and invita-

tions to upcoming events—visit the website at www.theiia.org/chapters/philly and select

update profile

• Save the date—Fall Conference November 22nd!

Execut ive Reminders !

Check out our website at

www.theiia.org/chapters/Philly

Board of Governors - Schedule of Meetings/Calls

Date Time

Third Thursday of every month

(September through May, 2011) 12—1 pm

Volume 1 Issue 1 (September 2010) - Chapters Site - Home€¦ · Publicity / Social Media Sam...

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