July 2009 AUDIT WIRE

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AUDIT WIRE MON THLY

INSIGHTS

President’s Message

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Luncheon and Registration

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New Certification Recipients

6

CIA Review Course

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New Members 8

University of Houston

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CAP Update 10

Job Postings 11-12

President’s Message New look for Monthly Meeting Registration You may have noticed the new look of the monthly Chapter registration notices. It’s not spam – instead we are using a new CVent registration system. 4th Annual Conference Planning has commenced for the Houston Chap-ter’s 4th Annual Conference to be held April 8, 2013. With keynote general sessions and multi-track concurrent sessions, we again expect to sell out Re-liant Center with over 1200 participants at this marquee Houston event. Deanna Sullivan will again be our Conference Chair and is seeking volunteers to assist with speaker selection, conference logistics, registration and numerous other activities necessary to deliver another high quality conference. Past volunteers have commented on the valuable experience and networking opportunities they received from serving on Conference commit-tees. Please contact Deanna at deannasullivan@sbcglobal.net to explore a role for you in the upcoming 2013 Annual Conference. University of Houston Endowment The Houston Chapter has committed $100,000 towards the creation of an endowment for the UH Internal Audit Program. Our vision is to further assist UH in attracting top students to meet the growing needs of the Internal Auditing profession in Houston by creating a scholarship endowment for their Internal Audit Program. We are initiating a campaign to challenge Houston-based companies to match our contribution to sustain this scholarship endowment. Please contact Rumy Jaleel-Khan to find how your organization can donate to this endowment rjaleelkhan@deloitte.com. Member Survey Thanks for your time in completing the member survey. Your valuable feedback will be used to assist the Board and Officers in developing programs to serve the members and the profession. By completing the survey you have been enrolled in a $50 gift card drawing which will take place at the November luncheon. Chapter Leadership Nominations The Nominating Committee is taking Board and Officer nominations, as well as various committee positions, for the next Chapter year beginning June 1, 2013. To submit a nomination, please contact our Nominating Committee Chair, Anne Mercer, at amercer@universalamerican.com or me. Volunteer Opportunities We are an all-volunteer based organization and rely on the talents and efforts of our members to achieve our mission. If you or someone you know is interested in making a difference by serving your Houston Chapter, please contact Randy Fernandez, Volunteer Coordinator, at rfernandez@thewgc.com or Ryan O’Day, VP of Membership, at ryan.oday@us.pwc.com. As a reminder, Election Day is Tuesday, November 6, 2012. Please make your voice heard by casting your vote. Larry Abston Houston Chapter President larry.abston@anadarko.com

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Luncheon Topics and Speaker Information

Meeting Location The Houston Club

811 Rusk (713) 225-1661

I IA- HOUSTON CHA PTER

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PRESIDENT Larry Abston Anadarko VP ADMINISTRATION Lyn Beaty Halliburton VP COMMUNICATIONS Greg Bone Anadarko VP ACADEMIC RELATIONS Rumy Jaleel-Khan Deloitte VP FINANCE Connie Khawaja ABM VP SEMINARS Angel Butler UHY Advisors VP MEMBERSHIP Ryan O’Day PwC SECRETARY Doug Moore UHY Advisors VP TECHNOLOGY Norman Comstock UHY Advisors NEWSLETTER EDITORS

Eric Murray Deloitte

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Day of Meeting

Registration Begins at 11:30 am

Speaker Begins at

Noon

Pricing: Pre-Registered IIA Member: $30.00

Non-Member and Member Walk-In

$35.00

Valet Parking: $8.00

Upcoming Topics and Speakers Upcoming Topics and Speakers Upcoming Topics and Speakers

Date Topic(s) Speaker(s)

November 5, 2012 Dodd-Frank Derivatives Legislation Paul Campbell (Deloitte)

December 3, 2012 ERM - A Practical Review of One Company’s Approach

Charlie Wright (Devon Energy)

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November Luncheon Topic and Speaker

Topic: “Dodd-Frank Derivatives Legislation” Speaker: Paul Campbell, Principal at Deloitte & Touché LLP Overview: Awareness and understanding of:

• Dodd Frank Title VII derivatives legislation overview and rule making process

• Timeline for implementation • Definitions: End User vs. Swap Dealer vs. Major Swap Participant

and the related implications for each • Perspective on how energy players will be defined • Implementation readiness (e.g. systems, reporting, trading policies,

governance revisions, etc.) • Focus areas for Internal Audit

About the Speaker: Paul is the leader of Deloitte & Touche’s Energy Regulatory and Risk Strategy practice, providing services to the energy industry and the federal government. With more than 20 years of experience, he leads specialists from a group of approximately 200 professionals dedicated to providing services related to risk strategy, regulatory compliance, credit, climate change, quantitative analytics, technology, business processes and operations and risk accounting to energy companies. Paul has worked with companies to help design, develop, select and implement energy trading and risk management systems, as well as support their compliance with derivative accounting guidance and regulatory matters, including the Dodd-Frank legislation. He has experience developing end user management strategies, due diligence analyses, bankruptcy work, and providing litigation support for portfolio valuation, internal investigations and external counsel support on trading and risk management matters. Prerequisites: None Experience Level: Intermediate Recommended credit hours: 1.0 hr.

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December Luncheon Topic and Speaker

Topic: “ERM - A Practical Review of One Company’s Approach” Speaker: Charlie Wright, VP of Internal Audit at Devon Energy Overview: Awareness and understanding of:

• How Enterprise Risk Management has evolved • Defining risks, documenting risks, and developing a risk framework • Prioritization of risks and gaining consensus across the organization • Practical issues associated with implementing Enterprise Risk

Management • Internal and external auditing strategies to ensure compliance

About the Speaker: Charlie Wright is the Vice President of Internal Audit at Devon Energy Corporation, one of the world’s largest independent oil and gas producers. Devon’s operations are focused primarily in the United States and Canada. Prior to joining Devon in 2005, Charlie was the General Auditor at American Airlines. Charlie has a B.S. in Accounting and a B.S. in Computer Science from Oklahoma State University. He has a MBA from the University of Tulsa, and is a CPA in Oklahoma. Charlie is also a Certified Internal Auditor and a Certified Information Systems Auditor. Charlie currently serves on the Board of Governors of the Oklahoma City IIA Chapter. Charlie has served on the Board of Directors of the Airline Reporting Corporation and the Board of Management of the Air Travel Card. He has also served on the Board of Directors of Goodwill Industries of Tulsa. Charlie is a frequent speaker at conferences on topics such as enterprise risk management, SOX, revenue accounting, system automation and project management. Prerequisites: None Experience Level: Intermediate Recommended credit hours: 1.0 hr.

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Luncheon: Benefits of Pre-Registration

The Houston Chapter Implemented a New Event Registration Application

Our Chapter is committed to continuing to improve service to our members. As part of that commit-ment, the Chapter implemented a new event registration application (CVent). One of the objectives of the application is to make the registration and check in process more user friendly. We appreciate your feedback on this new process. The monthly luncheon implemented the new application with the October luncheon registration. The invitation email may be a little different in appearance and the actual registration process has changed some as well. Be on the lookout in your spam filter for the new email invites. Don’t let this fool you, the monthly luncheon will be the same great meeting we have come to expect. Please use the invitation or reminder emails or visit the IIA Houston Chapter website to register for the November luncheon! Pre-registration not only saves you money, but also time. Avoid the lines and delay, register today for the November luncheon!

Benefits of Pre-Registration As auditors, our schedule can be unpredictable at times and at a last minute’s notice, we could be sent to work on a special assignment somewhere outside of Houston, or even outside of the country. Because of that, you may hesitate to pre-register for an event, just in case your schedule changes. Whenever possible, I would encourage our Chapter members to sign up by the Wednesday before each meeting. Here are some good reasons why you should pre-register for the event:

1. Members get a $5 discount if they pre-register for the meeting. In light of our economy and companies’ focus on cost reduction, every dollar counts.

2. Only individuals pre-registered before the cut-off are entered into the drawing. If your name is not in the drawing, then you cannot win. If your name is in, your odds are about 1 to <200 to win, not so bad when compared to other games of luck.

3. Pre-registered members get their certification ribbons on their name tag. You get to show off your achievement.

4. On the day of event, you can check in quicker and save time. Bring your barcode to scan and within seconds, you will be in. You can use the time saved to network with your peers.

5. You can avoid the long line for walk-ins and possibility of miskeying your name or email address and not getting your CPE certificate. Not good when that one credit hour would make a difference.

6. Lastly, you can help make your and other attendees’ experience at the event more pleasant. Right now, headcount has to be estimated to account for walk-ins and committed to the Houston Club two days before each event. Significant unexpected number of walk-ins pos-es challenges for the facility personnel to serve all attendees timely. We want everyone to be able to sit down, relax, eat and listen to the speaker when the meeting begins.

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Congratulations New IIA Certification Recipients!

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The following members have recently obtained IIA certifications!

CIA Vanessa Johnson

Dhanup Kandarapally William Geoffrey Banez

Cyril Ogbesetuyi Kseniya Kamalova Zachary Barilleau

Duong Pham Amul Kumar

Frederick Guilbeaux Michael G. Warr Michael Greene

CRMA James D. Brodnax

Paul Vanek Robert C. Gronwaldt

Dana Clement Robert Malone David Shook

Frank A. Saputo

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CPE Reporting Reminder If you are a CIA, please visit the IIA website under your member profile and certify that you have completed your CPE requirements for the current year.

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CIA Review Course

Prepare to Pass the CIA Exam If you’ve made the decision to enhance your career by earning the Certified Internal Auditor® (CIA®) designation, the Houston Chapter can help you achieve your goals with The IIA’s CIA Learning System™. The IIA’s CIA Learning System is an interactive print and online self-study review program designed by CIA-certified industry experts to help you learn, review, and apply the key CIA content. This approach will help you build on foundational elements of internal auditing to master key concepts you need to know to pass the CIA exam. This four-part program includes: • Comprehensive print materials teaching the entire global CIA exam syllabus • Interactive online resources:

• Pre- and post-tests to gauge your starting knowledge and advancements • Section quizzes to test your comprehension and retention • Flashcards and glossary • CIA practice exam to build confidence for the computer-based CIA exam

For more information or to try a demo, visit www.LearnCIA.com/overview. Wondering how long it will take you to prepare for the exam? Create your free, personalized study plan at www.LearnCIA.com/my-cia-review-plan.

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www.LearnCIA.com/chapters

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Welcome to Our New Members!!!

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We would like to extend a warm welcome to our new members! If you see these people at the monthly luncheon, please be sure to introduce yourself!

Ashley Gibson (Deloitte) Kenya Artis (Live Nation) Aunusha Hoq (Protiviti Inc.) Kevin Crown (Fluor Corporation) Brian Anderson (Deloitte) Kevin Doherty (Chevron)

Candice Murphy (Live Nation) Kyle Wilkerson (ENSCO International Inc.) Christine Louch (Forum Energy Technologies) Lauren Atencio (University of Houston)

Craig Crocker (Service Corporation International) Lee Henkel (Protiviti Inc.) David Mauger (Goliath Financial Recovery Services, LLC) Lin Ye (McKesson Corporation)

Don Scott (Chevron) Line Kemfack Emily Lan (HCC Insurance Holdings) Lucia Cabrera (Linn Energy)

Frank Dam Luis Aguilar (Chevron) Heather Perez (HCC Insurance Holdings) Lynn Lasiter (HCC Insurance Holdings)

Holly Sisco (Deloitte) Moritza Day (Day West & Associates, Inc.) Jaime Johnson (HCC Insurance Holdings) Neeraj Mehta (BP) James Hamilton (University of Houston) Nour Saad

JenniferWray (Wray Accounting) Tiffany Hung (Protiviti Inc.) Jerry Faucheux (Targa Resources) Tosin Ojo (HCC Insurance Holdings)

John Del Mixon (Service Corporation International) Tyler Sullivan (Protiviti Inc.) Jordann Reynolds (Protiviti Inc.) Zerlene Shamblee (Chevron)

Joseph Hayes (Service Corporation International)

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University of Houston Greetings from the University of Houston! Our first “Meet an Internal Auditor” event of this semester was a huge success. We had three speakers: Jimmy Huynh from Chevron Phillips, Sarah Mann Fedele from Deloitte, and our very own Dr. Newman. Over 50 students attended the event, filling the classroom. We would like to thank our great speakers for an entertaining and informative event representing both public accounting and industry careers in Internal Audit. Eight Internal Audit students from the University of Houston were invited to the 6th Annual IAEP Leadership and Networking Retreat in Orlando, Florida. There, we competed in teams representing a mix of students from across the country and international students from China and South Africa. Congratulations goes out to Erica Cervantes whose team placed third in the competition. As always, if you or your company is interested in working with IASA, please contact Arpna Aggarwal at iasapresident@gmail.com or (832) 290-0059.

IASA is proud to recognize the students pictured below who represented the University of Houston at the 6th Annual IAEP Leadership and Networking Retreat:

• Natalia Manikova • Angelica Savala • Trung Nguyen • Thao Le • Arpna Aggarwald • Tim Davis • Erica Cervantes • Erin Neely

And special thanks to Dr. Michael Newman.

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Chapter Achievement Points (CAP)! One of the ways we gauge our success as a Chapter is through the Chapter Achievement Program (CAP). CAP points are earned for our accomplishments in three areas: 1. Service to Members 2. Service to the Profession 3. Chapter Administration

Our goal is nothing short of the highest level of Gold! We are four months into our 2012-2013 Chapter year and we are 13.5% of the way to achieving our goal with 211 points. How Do We Get CAP Points? We receive CAP points for providing services to our members. For example, this includes educational offerings for our members as well as networking events. We also get CAP points for providing services to the profession. This comes from having members of our Chapter submitting articles to the Internal Auditor Magazine, sup-porting our local universities, and making presentations on the relevant subjects such as internal audit, ERM, fraud, and other risk related topics. We also get CAP points for properly administering the Chapter activities and our timely reporting to the IIA. What Can You Do? Simply keep participating in all of the educational events we provide – from the luncheons to the seminars to the roundtable discussions. You can also help by letting us know when you: • Speak about the profession or on internal audit related topics to others outside of your company, • Submit exam questions for the CIA exam, • Participate in an IIA-sponsored Quality Review, • Participate in IIA research projects, • Teach in Junior Achievement, and • Submit an article to the Internal Auditor (extra points for getting published!!!) These are just a few examples. Do your part in helping us maintain our premier Platinum standing as an IIA Chapter. Email Dan Ramey at dramey@pkftexas.com with the details of your accomplishments and activities. What Else Can I Do? Want to get more involved? Contact Chapter President, Larry Abston, or Vice President of Membership, Ryan O’Day, to explore opportunities for involvement. Thanks for your help!

Dan Ramey, Past President and CAP Administrator

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100%

75%

50%

25%

10% Mo 4

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Senior Internal Auditor - KBR Company Overview: When you join our team, the opportunities are endless. As a leading global engineering, construction and services company, we support the energy, hydrocarbon, government services, minerals, civil infrastructure, power and industrial markets on 6 continents. Servicing our customers through our diverse business units, we offer challenging assignments on some of the world’s largest and most complex projects. Our clients value us because they know we deliver. Our specialties range from engineering, construction and maintenance services to corporate support within the oil and gas, mining, construction, pulp and paper sectors. Additionally, KBR has extensive experience and is a global leader in the onshore, offshore and deep-water sectors. KBR is headquartered in Houston, Texas and has opportunities throughout the U.S., Canada and Mexico. With a 100-year legacy of delivering safe, high quality projects, KBR can take you where you want to go - both geographically and professionally. Job Responsibilities: • Performing specified portions of financial and operational audits of the Company and its subsidiaries,

including its external business partners. • Evaluating internal controls; identifying risks and recommending solutions. • Preparing assigned portions of audit procedures, programs, questionnaires, and reports. • Functioning as liaison between the audit supervisor and audit staff during the audit, including in-field

supervision of staff. • Assisting in the planning phase including BPD and automated workpaper/work program preparation. • Providing on the job training and guidance to audit team members. • Reports to the audit manager while receiving guidance and direction from the audit supervisor. Functions

under general supervision of the audit manager and/or audit supervisor. Qualifications: • Requires an undergraduate degree from an accredited college or university. • CPA, ACA, CIMA, CISA or CIA certification, working toward certification, or accredited hours education

to pursue relevant certifications preferred. Experience: • Audit background - approximately 4-5 years relevant work experience • Non-audit background - approximately 5-7 years relevant work experience. • Preference is for new hires that this includes 1-2 years or audit experience, however dependent on the

individual, and the relevance of the prior experience, this may not be essential. Benefits: KBR offers a selection of competitive lifestyle benefits which could include a 401K plan with company match, medical, dental, vision, life insurance, AD&D, flexible spending account, disability, paid time off, or flexible work schedule. We support career advancement through professional training and development. If you are interested in this job, please visit www.kbrjobs.com and apply to position 1012568.

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Internal Auditor/Senior - Goodman Manufacturing

Overview: Goodman Manufacturing, a 2B+ (sales) Air Conditioning and Heating manufacturer, is seeking an Internal Auditor. We are a dynamic, fast growing company with a great work environment. The Internal Audit organization has a long history of excellent results and best-in-class employee satisfaction scores.

The primary responsibilities are to audit our branch locations around the U.S. and Canada (~30%) and to conduct corporate audits in Houston (~70%). Travel will be roughly 20-25%.

This position is designed to lead to another role in the company in 2-3 years, so you can continue to advance your career.

Job Description: • Conduct compliance audits of branch operations • Conduct corporate audits • Work on special projects • Prepare reports with audit findings and recaps of other findings • Perform checks, reconciliations, comparisons, and verifications of transactions and other matters in line

with the approved audit programs • Make recommendations to correct unsatisfactory conditions and to improve controls and operating

efficiency • Perform work in accordance with accepted professional standards • Make informal presentations to management personnel concerned during and at the completion of

examinations, reporting audit results and recommendations • Position reports to VP of Internal Audit Required Skills and Background: • Degree from an accredited college/university • 2+ years work experience preferred • Preferred internal control framework knowledge • Finance & accounting experience • Auditing experience a strong plus • Report writing • Strong interpersonal and communication skills • Strong organizational skills, including the ability to manage multiple tasks • Sarbanes-Oxley experience a plus, but not required • CIA, CPA, CFE or other certifications a plus, but not required • Microsoft Office proficiency required (Database experience a plus.) Required Traits: • Teamwork • Professionalism • Tenacity/work ethic • Impeccable integrity • Efficiency • Discipline • Innovation If you are interested in this job, please email resume to Tina.Dordan@goodmanmfg.com. Please reference the job title and mention that you found the job on the Houston IIA.

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