2016 – 2017 Issue 06 January 2017

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Upcoming Chapter Events

President’s Message

Greetings, CKIIA members- What a great January meeting we had! It was the highest turnout of the year, and we had lots of great discussion. Many thanks to Jennifer Burke of Crowe Horwath LLC for presenting a great topic in an engaging fashion. February’s meeting is brought to us by The Mako Group (http://www.makopro.com/) out of Indianapolis, and the topic is Third Party Risk Management. We all know how risky third parties can be, so we should have some lively discussion. We’ll also be getting a visit from our IIA District 3 Representative, Meredith Yonker. The menu will be determined later. Also, I’d like to go ahead and start plugging our March and April meetings. For March, we’re in the final stages of booking Tim Hungerford to present Mystery Fraud Training (http://www.hvaudit.com/mystery-fraud-training.html), which is highly interactive and requires us to select 3-5 actors from the chapter to participate. This event will be worth 4 CPE. We’re also in the final stages of scheduling our April meeting for 8 CPE, which features Professor James Fargason from LSU presenting IIA Law Day. Topics will include auditing contracts, legal counsel, and intellectual property; as well as internal auditor/audit committee liability, interviewing pitfalls, court cases involving internal auditors and audit committees; and protecting audit workpapers and reports. More information about the March and April events (cost, venue, etc.) will be forthcoming. Thanks!

Russ Davis

Date: Tuesday, February 14, 2017

Time: 11:30 am – 2:00 pm Topic: Third Party Risk Management Place: Lexmark Cost: $30 for Members - $40 for Non-Members – Use the PayPal link below the Meeting Calendar to pay in

advance. RSVP: https://chapters.theiia.org/central-kentucky/Events/Pages/February-CKIIA-Event.aspx

(by Friday, February 10th, 2017)

2016 – 2017 Chapter Officers

President Russ Davis Ashland Inc. russ_davis@valvoline.com Executive VP Sneha Kalyan

Blue Grass Airport

skalyan@bluegrassairport.com Treasurer Chris Darmand

centralkyiia@gmail.com

Secretary Amy Weber Lexmark International amy.weber@lexmark.com

IIA Central Kentucky Chapter

Audit Trails

2016 – 2017 Issue 06 January 2017

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Meeting Calendar Date Speaker(s) Topic(s) CPE (est.)

February 14, 2017 The Mako Group Managing Third Party Risk 2 March 14, 2017 Mystery Fraud Training Fraud 4 April 11, 2017 Professor James Fargason IIA Law Day 8

To pay in advance, please see payment options in the registration link:

https://chapters.theiia.org/central-kentucky/Events/Pages/February-CKIIA-Event.aspx

* - Registration and Cancellation Policy:

To cover meeting costs including meals, the CKIIA Board has approved a two business day cancellation policy for meetings. For example, for a

Tuesday meeting starting at 11:30 AM, the cancellation must be received by 11:30 AM the Friday prior to the meeting. If the cancellation is not

received by that date, the registrant is responsible for and will be billed for the meeting fee unless another individual from the registrant's

organization attends in the registrant's place.

Central Kentucky Chapter News CKIIA Website Add the CKIIA website to your favorites. https://chapters.theiia.org/central-kentucky/Pages/default.aspx.

Certification News Chris Ensslin, Certified Government Auditing Professional (CGAP); December 17, 2016 Christopher Phelps, Certified Internal Auditor (CIA); December 20, 2016

Note: Due technical issues experienced this year in the generation of the report for newly certified chapter members, there may have been

newly certified members left out in Newsletters. Please reach out to one of the officers noted above if you believe your recognition has not

been made. It is important to us to make sure that each member is recognized for this wonderful professional achievement!

Membership Anniversaries Philip Christian, 18 Chris Darmand, 13 Clayton Raymer, 8 Rebecca Conley, 8 Norman Williams, 7 Patrick Simpson, 6 Russ Davis, 6 Amy Weber, 5 Teresa Walker, 1 Ashley Lewis, 1

Job Postings Information The Central Kentucky Chapter of The Institute of Internal Auditors offers a job posting section on our website and in our newsletter for organizations in our area with chapter members. The price is $50 for 3 months. This includes the posting of the employer's ad on the CKIIA website and a publication of the job summary in our Newsletter. Please submit the ad to the Chapter President and newsletter editor, Russ Davis at russ_davis@valvoline.com.

2016 – 2017 Issue 06 January 2017

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IIA News The New IPPF The link below is for The Framework for Internal Audit Effectiveness: The New IPPF. https://global.theiia.org/standards-guidance/Pages/New-IPPF.aspx

New Course to Complement COSO’s Updated Framework COSO has updated its Internal Control–Integrated Framework: 2013 (Framework). As one of the sponsoring organizations of COSO, The IIA is developing resources, tools, and training to help its members with implementation. Locations and dates of these seminars can be found here: http://www.theiia.org/goto/COSO-course. The IIA has also established The IIA COSO Resource Exchange at the following link: https://global.theiia.org/standards-guidance/topics/Pages/COSO-Resource-Center.aspx

IIA Seminars Click on the location and dates to open the link to the website for more details.

Boston, MA March 7-10, 2017 Location: Hilton Backbay Hotel

Audit Report Writing

Beginning Auditor Tools and Techniques

Cybersecurity Auditing in an Unsecure World – NEW!

Data Analysis and Sampling

Essential Skills for Today's Internal Auditor

Fundamentals of IT Auditing

Leadership Skills for Auditors

Chicago, IL May 2-5, 2017 Location: MicroTek Training Facility

Audit Report Writing

Auditor-in-charge Tools and Techniques

Beginning Auditor Tools and Techniques

Building a Sustainable Quality Program

COSO Internal Control Certificate (Seminar and On-Site)

Fraud Detection, Deterrence, and Incident Response for Internal Auditors

Performing an Effective Quality Assessment

Palm Beach, FL August 28-31, 2017 Location: Breakers Hotel

Assessing Risk: Ensuring Internal Audit’s Value

Auditor-in-charge Tools and Techniques

Beginning Auditor Tools and Techniques

COSO Internal Control Certificate (Seminar and On-Site)

Cybersecurity Auditing in an Unsecure World – NEW!

Fundamentals of IT Auditing

Leadership Skills for Auditors

The Effective Auditor: Understanding and Applying Emotional Intelligence - NEW!

2016 – 2017 Issue 06 January 2017

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Latest Updates from the IIA’s Standards and Guidance Implementation Guides IG2100 NEW! Nature of Work December 2016

IG2110 UPDATED! Governance December 2016

IG2120 NEW! Risk Management December 2016

IG2130 NEW! Control December 2016

IG2200 NEW! Engagement Planning December 2016

IG2201 NEW! Planning Considerations December 2016

IG2210 NEW! Engagement Objectives December 2016

IG2220 NEW! Engagement Scope December 2016

IG2230 NEW! Engagement Resource Allocation December 2016

IG2240 NEW! Engagement Work Program December 2016

IG2300 NEW! Performing the Engagement December 2016

IG2310 NEW! Identifying Information December 2016

IG2320 NEW! Analysis and Evaluation December 2016

IG2330 NEW! Documenting Information December 2016

IG2340 NEW! Engagement Supervision December 2016

IG2400 NEW! Communicating Results December 2016

IG2410 NEW! Criteria for Communicating December 2016

IG2420 NEW! Quality of Communications December 2016

IG2421 NEW! Errors and Omissions December 2016

IG2430 NEW! Use of "Conducted in Conformance with the International Standards for the Professional Practice of Internal

Auditing"

December 2016

IG2440 NEW! Disseminating Results December 2016

IG2500 UPDATED! Monitoring Progress November 2016

IG2600 UPDATED! Communicating the Acceptance of Risks November 2016

Supplemental Guidance NEW! Audit Reports: Communicating Assurance Engagement Results

October 2016

NEW GTAG! Assessing Cybersecurity Risk: Roles of the Three Lines of Defense September 2016

NEW GTAG! Auditing Smart Devices: An Internal Auditor's Guide to Understanding and Auditing Smart Devices August 2016

2016 – 2017 Issue 06 January 2017

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Latest News

31-January-2017 Announcement of the Slate for 2017–18 North American Leaders

30-January-2017 Blog: What 8 Years of Writing Blogs Has Taught Me About Internal Auditing

30-January-2017 Meet Mahmoud F. Al Masri, CIA – Three Letters to Leadership

23-January-2017 Blog: Comply or Explain (to the Judge)

16-January-2017 Blog: Leadership at the Speed of Risk

16-January-2017 Call for Speakers: GRC Conference

11-January-2017 IIA Completes Consolidation Move

10-January-2017 GAM Keynote Speaker Announced

09-January-2017 Blog: When Our Customers Speak — We Had Better Listen!

01-January-2017 New Standards Enhancements Now in Effect

29-December-2016 Call for 2017 IIA Awards Nominations

21-December-2016 New! Performance Auditing Updated for Global Relevance

19-December-2016 Blog: Five Headlines From 2016 With Implications for Internal Audit

19-December-2016 Keith Wyche Announced as GAM Keynote

16-December-2016 Fewell to Deliver Session at EHS Exchange West Coast

14-December-2016 GAM Keynote Announced

12-December-2016 Blog: The IIA Establishes an Advocacy "Beachhead" in Washington, D.C.

09-December-2016 IIA Offers OnDemand COSO Internal Control Certificate Program

09-December-2016 Is Your EHS Program Worth It?

08-December-2016 How Does Culture Affect Safety?

07-December-2016 EHS Exchange Keynote Announced

07-December-2016 Nomination Deadline to Recognize Noteworthy Practitioners Approaches

06-December-2016 Early Registration Rates Extended for December Seminars: New York and Orlando

06-December-2016 Risky Business

05-December-2016 Blog: Should Internal Auditors Throw a Flag on Company Ethics?

IIA Guidance Webinars

The IIA offers professional development and continuing professional education (CPE) opportunities through complimentary webinars that cover recent guidance releases. These webinars are presented by the authors to assist members with implementation and answer questions.

Please check the webinar calendar for the latest information. On-demand 24/7 Webinar Playback

One benefit of being an IIA member is having access to our extensive library of archived webinars. NOTE: On-demand webinars do not qualify for NASBA CPEs.

2016 – 2017 Issue 06 January 2017

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Upcoming Members-Only Webinars The IIA's complimentary Members-only Webinar Series is available exclusively to you as part of your membership investment. These monthly educational webinars are developed specifically with IIA members in mind.

07-February-2017 EHS Webinar: Risk Proofing Your Organization And Probably Your Career

21-February-2017 Members-only Webinar: The Intersection of Audit and Compliance: A Symbiotic Relationship That Will Improve

Your Compliance Program

28-March-2017 Members-only Webinar: Trusted Advisors: Key Attributes of Outstanding Internal Auditors

21-April-2017 Members-only Webinar: Auditing Security Monitoring (aka Watching the Watchers)

Audit Executive Center

The IIA's Audit Executive Center is the essential resource to empower chief audit executives to be more successful. The Center's suite of information, products, and services will enable you to respond to the unique challenges and emerging risks of the profession. (https://na.theiia.org/services/cae-resources/AEC/Pages/The-Audit-Executive-Center.aspx) CAE Bulletin CAE Bulletin is a twice-monthly newsletter that will alert you to the latest news, guidance, and information to help you be as effective as possible in your position as chief audit executive. The CAE Bulletin, part of the benefit of being a member of the Audit Executive Center, is designed to help you respond to today’s business challenges and opportunities. Learn more about Audit Executive Center membership. (https://na.theiia.org/services/cae-

resources/AEC/Pages/The-Audit-Executive-Center.aspx) Tone at the Top The IIA's Tone at the Top e-mail newsletter provides executive management, boards of directors, and audit committees with concise, leading-edge information on such issues as risk, internal control, governance, ethics, and the changing role of internal auditing; and guidance relative to their roles in, and responsibilities for the internal audit process. (https://na.theiia.org/periodicals/Pages/Tone-at-the-Top.aspx)

Other Opportunities for Continuing Education

Meeting Calendar for the Louisville IIA Chapter https://chapters.theiia.org/louisville/Events/Pages/default.aspx

Date Time Topic CPE (est.)

February 14, 2017 11:30AM-1:00PM There's Nothing Fuzzy about the Benefits of Fuzzy Logic 1 March 22, 2017 8:30AM-5:00PM Mr. Excel 8

Meeting Calendar for the Bluegrass IMA http://bluegrass.imanet.org/

Date Time Topic CPE (est.)

February 16, 2017 06:00 pm Student Night TBD March 2017 Details Coming Soon

2016 – 2017 Issue 06 January 2017

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Meeting Calendar for the Bluegrass IIBA http://bluegrassiiba.com/

Date Time Topic CPE (est.)

February 15, 2017 06:30 pm The Future of Business Analysis…The CEO Perspective TBD March 15, 2017 06:30 pm CIO Panel Discussion TBD

IIA Certifications Certified Internal Auditor (CIA) Register Now: http://www.theiia.org/certification/certified-internal-auditor/

Certification in Control Self-Assessment (CCSA) Register Now: http://www.theiia.org/certification/specialty-certifications/ccsa/

Certified Financial Services Auditor (CFSA) Register Now: http://www.theiia.org/certification/specialty-certifications/cfsa/

Certified Government Auditing Professional (CGAP) Register Now: http://www.theiia.org/certification/specialty-certifications/cgap/

The IIA's CIA Learning System is a comprehensive training course designed to provide chapters, members, and the audit community of professionals with information and tools to master the global CIA exam syllabus. This premier quality program is aligned with the International Professional Practices Framework (IPPF) to ensure you stay current with the global internal auditing profession and are ready for the CIA exam. It combines printed text with online testing tools and online questions.

Take advantage of the best prep materials out there by ordering yours today! Web: https://na.theiia.org/training/Pages/CIA-Learning-System.aspx

The IIA Research Foundation Understanding, Shaping, Advancing The Institute of Internal Auditors Research Foundation was founded in 1976 by The Institute of Internal Auditors. For more than 30 years, the Foundation has consistently set the standard for professional achievement in the internal auditing profession. (https://na.theiia.org/iiarf/Pages/The-IIA-Research-Foundation.aspx)

The IIA Research Foundation (IIARF) has just released its 2016 research priorities. There are four priority topics for 2016: 1. Approaches to Continuous Monitoring and Continuous Auditing 2. Internal Auditing of Anti-corruption Programs 3. Providing Assurance over Strategic Planning and Execution 4. International Professional Practices Framework (IPPF) Principles

2016 – 2017 Issue 06 January 2017

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GLEIM – IIA Chapter Payback Program Your Central Kentucky IIA Chapter has partnered with Gleim Publications to ensure your success on the CIA exam! Working together, we will provide you the necessary study tools to prepare for this difficult exam.

Gleim provides an extensive self-study course for the CIA exam. Our most successful candidates use the Gleim CIA Review System with Gleim Online. This system combines Review Books, Test Prep software, Test Prep for Windows Mobile, audio reviews, Gleim Online and a Personal Counselor (a real live person!) to maximize your available study time. Because Gleim identifies and focuses on your weak areas, you will not spend any more time preparing than is necessary to guarantee success. The CMA Review System with Gleim Online GUARANTEES that you will pass each exam part the first time. We are here to save you time and money.

As a member of our chapter, you are eligible for a 20% discount on Gleim CIA Review materials. In addition, the Chapter will receive 20% of your Gleim CPE purchase. To take advantage of the reduced prices, please contact our chapter representative, Melissa Leonard:

Contact phone: (800) 874-5346, Ext. 131 Email: melissa.leonard@gleim.com Fax: (888) 375-6940, Attn: Melissa Leonard