March Events. (Page 3). • Gleim. Partnership. (Page 4). • Seminar Package ....
CIA Review emulates the exam environment, allowing you to concentrate on ...
The Institute of Internal Auditors Florida West Coast Chapter
Audit Scope
The Electronic Newsletter of the West Coast Florida Chapter of the IIA
Providing dynamic leadership for the global profession of internal auditing
In This Issue • A Message From Our President (Page 1)
February 2011
President’s Message Darren Cassels Please click the image below to see the message:
• Upcoming Seminar (Page 2) • Ft. Meyers Chapter Seminar (Page 3) • March Events (Page 3) • Gleim Partnership (Page 4) • Seminar Package (Page 5) • IPPF Update (Page 5) • Our Sponsors (Page 6)
Job Openings:
While there are no local openings to share at this time, please visit the IIA’s Career Center: Click Here If you have job openings you would like to have posted on our website and in this newsletter space, please let us know. Contact Us Nina Seenath, VP of Communications
[email protected]
Scott Brown, Newsletter Committee
[email protected]
As always, feel free to email me with any comments, questions or concerns at
[email protected] Thanks for your support,
Darren Cassels President, Florida West Coast Chapter Note: If you have difficulty viewing the video, please click here.
Our Next Seminar: Friday, February 4, 2011 Information Technology The Tampa Club 101 East Kennedy Blvd, Suite 4200, Tampa
Featuring Aligning Governance, Risk, and Compliance Processes: Presented by Lisa Young, CERT, Software Engineering Institute, Carnegie Mellon University IT Auditing for Non-IT Auditors: Presented by Ed Tobias, IT Audit Manager for the Hillsborough County Clerk of the Circuit Court Business Continuity and Disaster Recovery: Presented by Steve Elliot, President and CEO of Elliot Consulting Group How to Perform an IT Governance Audit: Presented by Johan Lidros, President of Transcendent Group Click here for more information and to register
Note: Parking in the Bank of America garage is included with your registration
2
CPE Opportunity: Ft. Meyers Chapter Seminar February 2nd - Fort Myers Protecting Companies from Fraud and Embezzlement Featuring a presentation by Sam Antar, a key figure in one of the largest securities frauds of the 20th Century: the Crazy Eddie Fraud Also presenting will be Anne Marchetti, a Sarbanes-Oxley expert, consultant and presenter to Fortune 100 companies. The Ft. Meyers chapter is offering this event for $120 for IIA members. Click here to get additional information and to register for this event.
March 8th: The Frank-Dodd Act Mark your calendar for March 8th. Pat Mitchell, a Managing Director with Protiviti, will share important information about the Frank-Dodd Act, particularly as it relates to financial services internal auditors. The Frank-Dodd Act is a 2,300-plus page piece of legislation, which calls for as many as 350 new regulations, 47 studies and 74 reports. This event will be at the historic Columbia Restaurant in Ybor City and we will enjoy dinner prior to Pat’s presentation The event will begin at 6:30PM and, thanks to a sponsorship by The Nielsen Company, we will be able to offer dinner and 1 hour of CPE for just $35. We will send a notification when this event is open for registration on the IIA website.
March 25th: Quality Assessment Review On March 25th, we will make available a limited-seating seminar event at Protiviti’s facility in Tampa. Steve Hooper, a Senior Auditor from the Hillsborough County Clerk of the Circuit Court, will present the topic of Quality Assessment Reviews. The Quality Assessment Review process allows an internal audit function to measure itself against organization policies, stakeholder expectations, and industry best practices. This will be a full-day seminar and we will send a notification when this event is open for registration on the IIA website.
3
Gleim Partnership Last month's article highlighted the importance of being in control when preparing for the exam. This article provides examples of how to remain in control on exam day. Dress for Success. When taking the exam, dressing for success means wearing comfortable clothes. Sweats, shorts, and jeans are very appropriate. Wear several layers so you can add or remove clothing to adjust accordingly for the temperature in the testing room. Put Down the Books. It is tempting to bring notes, texts, other books, etc., to the exam. Avoid this trap, as you will only make yourself nervous and confused by trying to cram during those last few minutes before your exam. Be confident your review program thoroughly prepared you for this day. Be Early. Arrive at least 30 minutes before your scheduled appointment. Plan ahead for the day of the exam to avoid the stress of being rushed and the possibility of not making your appointment. You do not want to be forced to reschedule and delay your ability to take future parts. Test Day Essentials. Take your Authorization to Test notification from The IIA, your appointment confirmation letter from Pearson VUE, and at least one valid form of identification with you. If you do not present acceptable identification and the required paperwork, you will not be allowed to take your exam, your registration will be voided, you will forfeit your exam registration fee, and you will be required to reregister and pay for that exam part again in order to sit for it in the future. Exam Time. Once you have checked in and are ready for the exam, read the exam instructions carefully. View the tutorial to ensure that you are familiar with how to navigate through the exam. Remember, Gleim CIA Review emulates the exam environment, allowing you to concentrate on answering questions and maintaining time management. Execute Your Game Plan. Answer the 100 questions in chronological order, but flag any questions that you wish to review later. Utilizing the time management system that you practiced during your exam preparation, answer every question and then use your remaining time to carefully review each question you flagged. If you made an obvious mistake, e.g., misread the question, make the correction. Do not, however, begin second-guessing yourself and changing answers. Remember, as a Florida West Coast Chapter member, you will receive a discount on Gleim material. Gleim has been helping CIA candidates pass the CIA Exam since 1980. Contact Melissa at 800.874.5346, ext. 131 or
[email protected] to take advantage of your chapter discount or if you have any questions.
4
2010-2011 Seminar Package Plan Even as we pass the half-way point in the chapter year, your audit shop can still save on CPE costs by taking advantage of the "3 for $333" package.
hour, it's still the best deal in town.
We also continue to offer the four-seat package at $395 for members, which is an exceptional CPE value. The price of $395 includes admission to each of the Chapter’s four 8-hour CPE seminars, including lunch, continental breakfast, and two refreshment breaks At $12.34 per CPE-
We realize that staff availability and CPE needs vary over the course of a year, so our program is not “individual specific.” Your organization is purchasing “spaces” at each of the seminars that may be used by the same individual or several people over the course of the year’s four seminars. IIA members and non members not enrolled in any of the corporate/advance plan will be charged $200, per 8-hour seminar. This is a change in policy from 2009-10. The IIA member benefits from the savings on the Advance plans. Click here to sign up for this great deal!
International Professional Practices Framework The International Professional Practices Framework has been updated, with the revised Standards becoming effective January 2011. The January 2011 issue of IIA Today includes an article discussing the revision. The introduction of this article is excerpted below, with the full article available here (member login required). “The practice of internal auditing is changing continuously. Following the passage of the U.S. Sarbanes-Oxley Act of 2002, many internal audit practitioners put operational and risk-based auditing on hold to focus primarily on financial controls and compliance efforts. Now, as organizations' wellestablished processes and procedures are addressing their Sarbanes-Oxley compliance needs effectively, auditors have returned their attention to conducting proper risk assessments and performing operational auditing that covers an array of areas, not just financial controls To keep up with the profession's constant state of fluctuation, the framework that guides the practice of internal auditing around the world must be reviewed and updated constantly. That's why The IIA's International Professional Practices Framework, which includes the International Standards for the Professional Practice of Internal Auditing as well as several other mandatory and strongly recommended guidance items, was recently revised and re-released.”
5
Our Sponsors Thank you to the following organizations for their financial support of our chapter during the 2010 – 2011 chapter year: Full-Day Seminar Sponsors: Thank you to The Nielsen Company and to Ernst & Young for sponsoring our December 2010 and April 2011 seminars, respectively. Please click on the logos below to visit their websites.
Social Event Sponsor: Thank you to Vaco for sponsoring our social events. Please click on the logo below to visit the website of their local office.
6
