The Institute of Internal Auditors
Puget Sound Chapter
NEWSLETTER August 2011
INSIDE THIS ISSUE: President’s Message
President’s Message 1 Greetings All, Chapter Events 2 Your Board members have The last two years we have been Pacific NW Enterprise Risk met, finalized the plans, and it tracking those members who Forum 3 looks like we are off to another support our events on a regular great year! New CIAs 4 basis. This year we plan to kickoff the “Champion Program.” Look You will see a few changes. Platinum Award 4 to future newsletters for updates We will be rotating our on how you can increase your Job Opportunities 5 meetings between the familiar score and be recognized at the downtown Seattle site and the Meet Your Chapter May event. Officers 6 - 7 Eastside, including a By now you should have collaborative joint session with The May luncheon appears to be received your invitation to Chapter Officers 8 ISACA. far in the future but your officers register for the Pacific are already making plans to Northwest Enterprise Risk Board of Governors 8 We begin the year with the engage Larry Harrington as a Forum. If you have not, please first of our events at the Committees 9 speaker and monitor of the Audit plan on visiting the site Washington Athletic Club on Committee panel session. Larry is provided in the newsletter to September 13th at 11:30AM. the VP of Internal Audit at add your name to the list of Mark your calendar because Raytheon, and is currently serving attendees. you will not want to miss this on the North American Board of one. We will host presenters the IIA. As I close this message, I from PWC who will lead a congratulate the chapter discussion of the newly issued Take a moment to visit our membership as we receive “State of Internal Audit chapter website. We are working notice of attaining, once again, Profession Survey” results. to make sure the information Platinum Chapter Status for This will be followed with a provided there is relevant and the 2010-2011 fiscal year technical session focused on accessible. We extend many Chapter Achievement Program auditing the contract thanks to our webmaster, Allen (CAP). It is only through your management function Smolinski, for his continued continued support that we are facilitated by Randall efforts as chair of this committee. able to maintain this level. Coxworth at Protiviti. Please There are still opportunities for plan on joining us for both you to volunteer and share your Together, I know we can make sessions. talents. Please take a moment to this a special year! review the committees still in I send congratulations to the Articles Submission: need of support and consider Carol new CIAs who will receive joining one that could benefit from Help us keep members their certificates at the your skills. You can contact our Carol A Morgan , informed. Submit your news, September meeting. Welcome articles and announcements Membership Chair Mei Lei at President to our community of for publication consideration [email protected] if you have June 1, 2011 – professionals. Please plan on in the monthly newsletter. an interest. May 31, 2012 Please submit them by the making our events part of your third Wednesday of every schedule. [email protected] month to Maria Sibal at [email protected].
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Puget Sound Chapter Events Luncheon Meeting – September 13th (11:30 to 1:00) at the WAC
State of Internal Audit Profession
Join us as we host presenters from PWC who will lead a discussion of the newly issued “State of Luncheon 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
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 Technical Session 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).
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Register now for the 2nd Annual Pacific Northwest Enterprise Risk Forum!
Chapter Events
Risk Management: Learning from the Past, Looking to the Future Pacific Northwest This one day forum will explore how organizations have historically structured their EnterpriseEvent Highlights Risk enterprise risk programs, and how emerging risks are driving the need for change. Forum 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 decision- making 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 www.enterpriseriskforum.org.
When: October 20, 2011
Where: Red Lion on Fifth Avenue, 1415 5th Avenue, Seattle, WA 98101
Fees: $195 if registered by September 15, 2011 $250 after September 15, 2011
Registration: www.enterpriseriskforum.org
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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, 2011.
Bridgette Takeuchi Brook Hamilton Daniel Girard Kymber Waltmunson Patrick Zanin Paul Robertson
Congratulations to the Chapter Members for attaining
the 2010-2011 Chapter Achievement Program -
Platinum Award! Platinum Award
Our chapter has achieved, once again, the Chapter Achievement Program - Platinum Award under the leadership of Michael Tozour, chapter president for 2010-2011 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.
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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 risk- based 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.
For more information, please visit: Job Opportunities http://www.chanllc.com/chanjobs.nsf/listview/5FA19E8782EDFF288625788C004A43A5
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:
http://tbe.taleo.net/NA11/ats/careers/requisition.jsp?org=INTELLECTUALVENTURES&cws=1 &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: https://nintendo.taleo.net/careersection/10000/jobdetail.ftl?lang=en&job=1100000048
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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 Carol began her auditing career with the Defense Contract Audit Agency (DCAA) in the Washington, DC area. A move to Seattle, Officers Washington helped to develop her internal auditing skills while working for SAFECO Insurance. Returning to government auditing a s 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.
C arol 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 co- sourced 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.
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Meet Your Chapter Officers (continued)
Second Vice President – Shane Clarke
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 Meet Your Chapter Industries. He holds a BS degree from Greensboro College Officers 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 1998. 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.
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Chapter Officers
Name Company Email Carol Morgan World Vision [email protected] President Corey Saunders Grant Thornton LLP [email protected] 1st VP Shane Clarke Protiviti [email protected] 2nd VP Maria Sibal Nordstrom [email protected] Secretary Bill Smith PRGX [email protected] Treasurer Michael Tozour Moss Adams [email protected] Chapter Officers Past President and Board of Governors Board of Governors
Name Company
Alpa Parikh
Anne Etter Puget Sound Energy
Annette Mumford HomeStreet Bank
Christina Gehrke FHLB – Seattle
Denise Merle Weyerhaeuser
Dominique Vincenti Nordstrom
Karen Kachele RSM McGladrey
Kriss Morris PACCAR
Lisa Battaglia Boeing
Michael Kucha Ernst & Young
Tom Taylor Mutual of Enumclaw
Wendy Jones Alaska Airlines Page 9
Committees
Committee Company Email
Academic Relations Committee Marilee Byers Microsoft [email protected] Advocacy Committee Karen Kachele-Gottschalk RSM McGladrey [email protected] Audit Committee Jim Hall (chair) Retired [email protected] CAP Reports Committee Annette Mumford (chair) HomeStreet Bank [email protected] CIA Program Committee Christina Gehrke (chair) Federal Home Loan Bank [email protected] Directors Roundtable Committee Committee Chairs Douglas Taylor (chair) Sterling Life Insurance Co. [email protected] Historian Theand Committee Members Carol Morgan (chair) World Vision [email protected] Jason Kidd T-Mobile [email protected] Chairs welcome Intern Committee your input. Kevin Raferty (chair) Verity Credit Union [email protected] Kristina Demek [email protected] Membership Committee Mei Lei (chair) Pemco [email protected] Amy Brock Bank of Pacific [email protected] Newsletter Committee Frank Severinghaus (chair) Ernst & Young [email protected] Program Committee Meghan Hargreave (chair) Protiviti [email protected] QAR Project Committee Annette Mumford (co-chair) HomeStreet Bank [email protected] Anne Etter (co-chair) Puget Sound Energy [email protected] Conference Planning/Marketing Karen Kachele-Gottschalk (chair) RSM McGladrey [email protected] Brain Magbaleta T Mobile [email protected] Website Committee Allen Smolinski (webmaster) T-Mobile [email protected] Natalie Blachere (back-up) Getty Images [email protected]