July 2009 AUDIT WIRE

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AUDIT WIRE MONT HLY

INSIGHT S

President’s

Message 1

Luncheon and

Registration 2-6

New

Certification

Recipients

7

CIA Review

Course 8

New Members 9

University of

Houston 10

CAP Update 11

Job Postings 12-14

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. UH is a Center of Excellence At the September Chapter meeting, Dr. Michael Newman shared his passion about the Internal Audit Program at the University of Houston becoming a Center of Excellence. He highlighted the program’s journey to success and how they plan to sustain their high quality Internal Audit Program. We again congratulate UH on this major achievement and are proud of our Chapter’s role in advancing their program. New IIA Certification Holders Congratulations to the members recognized at the September meeting for achievement in obtaining their CIA or CRMA certifications. I encourage each of our members to be continuous learners and to acquire IIA certifications. 4th Annual Conference Planning has commenced for the Houston Chapter’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 Reliant Center with over 1200 participants at this mar-quee 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. Member Survey You should soon receive a survey via email soliciting your views on the Chapter’s services and ways the Chapter can better meet your professional audit needs. Your feedback is extremely valuable and key to our strategic decision making, particularly as we explore new meeting options beginning in January 2013. Thanks in advance for your time to complete the survey. Chapter Leadership Nominations The Nominating Committee is initiating a call for Board and Officer nominations, as well as various committee positions, for the next Chapter year beginning June 1, 2013. To nominate someone 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. Larry Abston Houston Chapter President larry.abston@anadarko.com

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October Luncheon Topic and Speaker

Meeting Location The Houston Club

811 Rusk (713) 225-1661

I IA - HOUSTON

CHAPT E R

O F F I C E R S 2 0 1 2

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)

October 1, 2012 What Internal Auditors Should Know

About Environmental, Health and Safety Mario Soares

November 5, 2012 Dodd-Frank Derivatives Legislation Paul Campbell

December 3, 2012 ERM - A Practical Review of One

Company’s Approach Charlie Wright

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October Luncheon Topic and Speaker

Topic: “What Internal Auditors Should Know About Environmental, Health and Safety” Speaker: Mario Soares is the Director of the EHS Department and the Infection Prevention and Control Department at The Methodist Hospital Objective: Awareness and understanding of:

• The regulations impacting the EHS field • Internal and external auditing strategies conducted to ensure compliance • Risks companies face • Challenges with auditing EHS practices • Suggestions for large and small audit shops • Impact on current and future strategies

About the Speaker: Mr. Soares' experience in EHS began at the University of Texas Health Science Center at Houston in 1998, after graduating from the University of Houston with Bachelor of Science degrees in Biology and Psychology. At the UT Health Science Center, he served as a Biologi-cal Safety Specialist, and as acting manager of the Biological Safety Program. He later joined the UT M.D. Anderson Cancer Center in 2002, as the Program Manager for the Biological and Chemical Safety Programs before joining The Methodist Hospital as the Director of the EHS Department and the Infection Prevention and Control Department in 2010. Mr. Soares received a Masters of Public Health degree at the University of Texas-Houston School of Public Health in 2005 and holds certifications from the American Biological Safety Associa-tion and the National Registry of Microbiologist. Prerequisites: None Experience Level: Basic Recommended credit hours: 1.0 hr.

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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, provid-ing 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, quan-titative 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 Univer-sity. 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 is currently serving on the Board of Governors of the Oklahoma City chapter of the IIA. 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 has been a speaker at a number of conferences discussing topics such as Enterprise Risk Management, Sarbanes Oxley, internal audit, revenue accounting, system automation and project management. Charlie and his wife Kelly reside in Edmond, Oklahoma with their three children. Prerequisites: None Experience Level: Intermediate Recommended credit hours: 1.0 hr.

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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 so you can 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 poses 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.

Register at: http://dallasiia.org/super/

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Congratulations New IIA Certification Recipients!

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Please join us in congratulating our members who 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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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!

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Alicia Shepherd (State of Texas General Land Office) Dana Andrus (Shell Oil Company)

Casey Kamalova (CITGO Petroleum Corporation) Charlotte Clark (Weatherford International Ltd)

Stan Jackson (Shell Oil Company) Ziad Abounohra (Schlumberger Services Inc.)

Chip Stockton (Halliburton) Kat Dumenko (Linn Energy)

Ana Bastidas (CITGO Petroleum Corporation) Lucia Duran (Weatherford International Ltd)

Jayce Blaschke (NCI Building Systems) Slava Bigvava (Weatherford International Ltd)

Chris Baumgartner (Protiviti Inc.) Joanna Le Vu (Stage Stores Inc.)

Damon Gee (Experis Finance) Sana Rizvi (Texas Medical Center)

Tracy Golden (Southwest Arkansas Electric Cooperative) Nicole Schoemer (Anadarko Petroleum)

Sarah Harrison (Carriage Services) Ryan Harless (CITGO Petroleum Corporation)

Kim Fitzgerald (Experis Finance) Greg Tanner (Weatherford International Ltd)

Joyal Parmar (CITGO Petroleum Corporation) Megan Bufkin (CITGO Petroleum Corporation)

Julia Kazibwe (Shell Oil Company) Mike Kinney (Experis Finance)

Loan Kieu (University of Houston) Elizabeth Guajardo (Weatherford International Ltd)

Imran Afzal (CITGO Petroleum Corporation) Irina Gabrielova (Shell Oil Company)

Jarred Veillon (CITGO Petroleum Corporation) Janett Tapia-Gonzalez (Cypress-Fairbanks ISD) Armando Corona (Weatherford International Ltd)

Craig Atkins (Shell Oil Company) Reagan McKinney (Hewlett Packard)

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University of Houston While IASA was absent from the newsletter throughout the summer, we certainly were not dormant. Our new IASA officers continued to attend IIA Luncheons and were busy preparing for the upcoming semester. This semester IASA officers recruited new members by speaking to accounting classes and advertising during the Bauer College of Business “Rush Week”. Due to the efforts of IASA officers and current members, we gained 21 new members! Even more students attended orientation. We will continue to accept sign ups throughout the semester while promoting with our special guest speakers and events. Thanks to the Houston IIA’s generous sponsorship, we are able to provide not only free membership but other benefits as well, such as our t-shirts. The t-shirts form a sense of identity for IASA members around Bauer College of Business. With members sporting our t-shirts, IASA has definitely become a recognizable organization among the student body. We also use them as incentives to attend our events. Our first event, “Meet an Internal Auditor” will be held October 9th with special guest speaker Sarah Mann Fedele, Senior Internal Audit Manager at Deloitte. 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 very excited to be back in the swing of things and is looking forward to another great semester! Starting in the Spring 2012 semester, IASA started a point system to award the most active members.

IASA is proud to announce its top active members from Spring 2012: • Arpna Aggarwal • Wendy Chavez • Tim Davis • Derar Deek • Anh Le • Sofia Panjwani • Daisy Soriano • Pzeng Zheng

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New IASA Officers

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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 three months into our 2012-2013 Chapter year and we are 10% of the way to achieving our goal with 158 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 3

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I I A H O U S T O N O C T O B E R 2 0 1 2

Internal Audit Analyst - Newfield Overview: Reporting to the Internal Audit Manager, the Internal Auditor participates in the corporate internal audit function with a focus on planning and executing audits of complex systems and business and financial operations, ensuring internal controls are sufficient to safeguard company assets. Position Description: • Facilitate and support management’s objective to design and operate effective and efficient internal

control over financial reporting in a way that adds value for our business process owners • Assist process owners to “self-assess” the design and effectiveness of their processes and internal

controls as part of the company’s Sarbanes-Oxley compliance effort • Plan, organize, and monitor audit fieldwork and deliverables • Perform internal audit procedures, including identifying and defining issues, developing criteria, reviewing

and analyzing evidence and documenting client processes and procedures • Develop and maintain productive relationships with internal customers, including manager and director

level personnel, and external auditors • Represent Internal Audit on company project teams, in management meetings and with external parties • Stay abreast of current internal auditing issues and practices through participating in professional

development opportunities, training, professional association memberships and knowledge sharing with peers or colleagues

• Develop an understanding and working knowledge of the E&P business cycles and their effect on financial information

• Ability to lead audits independently or as a team member • Coordinate and participate on joint venture audits Requirements: • Bachelor’s or Master’s degree in Accounting or related business field • One to three years of relevant work experience • E&P experience preferred • Relevant certification a plus (e.g. CPA, CIA) • Experience with data analysis tools a plus (e.g. ACL, IDEA) Characteristics: • Honest, sincere, unquestionable integrity, credibility and moral character • Ambitious and highly motivated professional with excellent interpersonal skills and self-confidence • Demonstrates initiative, resourcefulness, and adaptability • Hands on team player with ability to effectively interact and communicate with all levels of personnel

within the organization • Quick learner, strong analytical and reasoning skills with great attention to details • Multi-tasker who can meet tight deadlines and solve problems in time sensitive environment • Exceptional people skills Job Requirements: • Normal office environment, with possible visits to field locations and platforms • Willingness to travel approximately 30%, both domestic and international If you are interested in this job, please apply online at http://newfield-career-opportunities.ttcportals.com/jobs/94503-irc14174-internal-audit-analyst.

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Payment Review Specialist - St. Luke’s Hospital

Company Overview: St. Luke's Episcopal Hospital is the Southwest’s first Magnet Hospital with a state-of-the-art 948-bed tertiary care teaching institution where research and education directly impact patient care. We offer leading-edge challenges and opportunities in a compassionate, employee-driven environment that earned us among the top 10 cardiology and heart surgery centers in the nation by U.S. News & World Report's "America's Best Hospitals" for 22 consecutive years.

Job Overview: St. Luke's Episcopal Health System is seeking a Payment Review Specialist. Payment reviews may include those conducted by the Recovery Audit Contractors (RAC); the Zone Program Integrity Contractors (ZPIC), the Medicaid Integrity Program (MIP) and other governmental reviews as necessary. Duties will include the monitoring of each requested account beginning with the initial medical record request to final resolution of the claim. The incumbent will also identify and advocate practices and processes, where necessary, to improve the efficiency and effectiveness of the handling of post-payment reviews.

Requirements: • Four year degree from an accredited university, BSN degree preferred • Minimum 3-5 years of relevant experience within a hospital setting and Medicare auditing,

healthcare systems (comparable to InterQual, Milliman) Benefits: Your contributions are rewarded by a total compensation package that includes, day-one medical coverage, competitive salaries and a variety of transportation options

If you are interested in this job, please apply directly online at www.giantcareers.com. EOE M/F/D/V smoke-free environment

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Senior Internal Auditor - Memorial Hermann Basic Function: Responsible for performing financial, operational and compliance reviews/audits that cover all aspects of Memorial Hermann’s complex business environment. Minimum Qualifications: • Bachelor of Business in Accounting or Finance, or Healthcare Administration • Certified Public Accountant, Certified Internal Auditor or equivalent is preferred • 3-5 years experience in finance, accounting, operations, audit, or consulting • 1-2 years experience within the healthcare or insurance industry is preferred • Ability to analyze and interpret complex governmental regulations • Ability to work independently at all levels of the organization • Excellent analytical, communication, and interpersonal skills • Strong PC skills including Word, Excel, and Access. • Working knowledge of ACL data mining software preferred Principal Accountabilities: • Develops audit plan and executes fieldwork for financial, operational and compliance reviews/audits

in all areas of Memorial Hermann • Interacts with Management to develop value-added audit recommendations • Prepares written reports and oral presentations for various committees and executive personnel • Assesses new financial, business and compliance risks, making recommendations and implement-

ing changes to ensure Memorial Hermann’s interests are protected and exposure is minimized • Promotes individual professional growth and development by meeting requirements for mandatory/

continuing education, skills competency, supports department-based goals which contribute to the success of the organization

If you are interested in this job, please email your resume to Helen.An@memorialhermann.org or apply online at www.memorialhermann.org.

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