iia academic relations 12 annual iaep leadership and ... · • internal audit is a career in...

Thinking Forward

IIA Academic

Relations 12th Annual

IAEP Leadership

and Networking

Conference

Hosted by

The IIA’s Global Academic

Relations Committee and Internal Audit Foundation

September 15, 2018

Thinking Forward

Academic Relations

Presenters

Mark Salamasick, CIA, CRMA, CISA, CSP

ARC Member / Chair North American ARC Sub-Committee/ IIA Austin Chapter Member

The University of Texas System

Executive Director of Audit

msalamasick@utsystem.edu

Alan N. Siegfried, CIA, CCSA, CFSA, CGAP, CRMA, CPA, CISA

ARC Member / IIA Baltimore Chapter

University of Maryland / Robert H. Smith School of Business

Adjunct Professor

Siegfal@gmail.com

Academic Relations

Presenters

Marianne Breccia, CRMA, CPA, ARM, ACDA

ARC Member / ARC Chair IIA Central New Jersey Chapter

Munich Reinsurance America, Inc.

Audit Manager North America Audit Hub

mbreccia@munichreamerica.com

Jared Soileu, CIA, CCSA, CRMA, CPA, CISA

ARC Member / Baton Rouge

Louisiana State University

Associate Professor

jareds@lsu.edu

Academic Relations

Agenda

I. Welcome & Overview – Mark Salamasick, Alan Siegfried,

Marianne Breccia, and Jared Soileau

II. Tools and Techniques for Academic Relations

III. Joint Session: AR Chairs and Educators

IV. Scholarship Luncheon with Global Chairman

V. Roundtable Breakout: Best Practice Sharing

VI. Perspectives from the Next Generation

VII. Future Academic Relations Activities and Actions Plans

VIII. Closing Remarks

Academic Relations

The Institute of Internal Auditors

2017-18 VOLUNTEER ORGANIZATION – Staff Liaisons

More than180,000 MEMBERS in more than 170 COUNTRIES and TERRITORIES

NORTH AMERICAN

BOARDCanadian Board

Chapter Relations

Learning Solutions

NA Advocacy

Publications Advisory

Regional Conference

EXECUTIVE COMMITTEEChairman of the Board

Senior Vice Chairman

Vice Chairmen (5)*

Secretary

Past Chairmen (2)

BOARD OF DIRECTORS(MEMBERS-RESEARCH FOUNDATION)

Executive Committee (10)

NA Directors (10)

Institute Directors (10)

Directors at Large (6)

Chairman, Audit Committee (1)

IIA President & CEO (1)

PROFESSIONAL

CERTIFICATIONS

Professional Certifications Board

Exam Development

GLOBAL

NOMINATING

COMMITTEE

GLOBAL SERVICES

Global Professional

Development

Institute Relations

PROFESSIONAL GUIDANCE

Financial Services Guidance

Guidance Development

IT Guidance

Public Sector Guidance

RESEARCH FOUNDATIONVice Chairman (President, RF)

Board of Trustees

Committee of Research &

Education Advisors

SENIOR VICE CHAIRMANAcademic Relations

PROFESSIONAL PRACTICES

Professional Practices Steering

International Internal Audit Standards

Professional Responsibility & Ethics

GLOBAL COUNCIL

AUDIT COMMITTEE

IPPF OVERSIGHT COUNCIL

*VC-Global Services, VC-Professional Guidance, VC-Professional Certifications, VC-Research,VC-Finance, VC-Professional Practices

PAST CHAIRMENGlobal Advocacy (ONA)

FINANCE

Finance

NA Board Liaison (NA)

Academic Relations

The IIA is Committed to Promoting the

Internal Audit Profession to the Next

Generation.

There are two IIA programs that support internal audit education in colleges and universities worldwide.

• The Internal Auditing Education Partnership (IAEP) program endorses schools teaching an internal auditing curriculum within a degree program (undergraduate or post-graduate).

• The Internal Audit Academic Awareness Program to recognize the various degrees of commitment and effort universities are making to provide students with the information and skill sets necessary to be able to choose from a variety of career paths.

Academic Relations

The IIA’s Academic Relations

Strategic Objectives

Strategic Objective #1: Increase awareness of

Internal Auditing as a career option.

Strategic Objective #2: Provide a valuable model

educational curriculum for universities and faculty

members.

Strategic Objective #3: Be the trusted source for

internal audit knowledge and academic resources for

students, faculty, universities, chapters and institutes.

Strategic Objective #4: Encourage employer demand

for “internal audit ready” graduates.

Strategic Objective #5: Operate under a financial and

resource model that ensures long-term growth and

sustainability of the Academic Relations program.

Mission: To make aware and support educating the next generation of internal auditors.

Academic Relations

Academic Relations

Vision Statement: A world where every internal audit ready student is prepared for a successful career in internal audit.

Academic Fund Mission:

To carry out the educational and charitablepurposes for internal audit education of TheInstitute of Internal Auditors, by collectingand distributing funds to support theawareness and teaching of internal auditingin post-secondary educational institutionsworldwide.

Duties:

• Oversee fundraising activities

• Review/approve/deny grant proposals from IAEP schools

• Review interim and final grant reports from IAEP schools

Academic Relations Committee Mission:

To continuously develop strategies to growstructured internal audit education incolleges and universities in support of theneeds of the internal audit professionworldwide.

Duties:

• Support internal audit education programs

• Set criteria for IAEP program

• Review/approve/deny IAEP applications

• Review IAEP annual and interim reports

Academic Relations

Academic Relations

Vision: A world where every internal audit ready student is prepared for a

successful career in internal audit

Academic Relations

IAEP Program

• 49 Universities in 14 Countries and Territories

• 8 Center Level Programs

• 23 Comprehensive Level Programs

• 18 Foundation Level Programs

Academic Relations

IAEP North America Schools

• 34 Universities in North America

• 5 Center Level Programs

• 16 Comprehensive Level Programs

• 13 Foundation Level Programs

Academic Relations

Center Level IAEP North America Schools

• Kennesaw State University

• Louisiana State University

• Seattle University

• University of Houston

• University of Texas at Dallas

Academic Relations

Comprehensive Level IAEP North America

Schools

• Bentley University

• Bradley University

• DePaul University

• Eastern Michigan University

• Northern Illinois University

• Pittsburg State University

• St. John's University

• Texas A&M

• University at Buffalo-The State University of New York

• University of Alabama at Birmingham

• University of Nevada - Las Vegas

• University of New Orleans

• University of North Texas

• University of Texas at Austin

• Utah Valley University

Academic Relations

Foundation Level IAEP North America Schools

• California State University - Fullerton

• Cleveland State University

• Florida Atlantic University

• Georgia State University

• Grand Valley State University

• Indiana University - Purdue University Indianapolis

• Middle Tennessee State University

• Rider University

• San Francisco State University

• St. Cloud State University

• University of Southern California

• University of Texas at El Paso

• University of Waterloo

• Wayne State University

Academic Relations

Awareness Level North America Schools

• Lehigh University

• Northeastern University

• Southern Illinois University-Edwardsville

• Willamette University

Academic Relations

Tools and Techniques for

Academic Relations

Academic Relations

What Does Your Chapter Need?

Focus

Strategy

Action Plan

Academic Relations

IIA Academic Relations

Strategic Objectives• Start with a Purpose

• Identify the Value Proposition

• Get Students Engaged

• Advocate the IA profession through academia

• Encourage educators to champion IA education at their colleges and

universities

– Students should be aware of IA as a profession of choice

– Students should be aware of the local IIA Chapter

• Help develop the next generation of internal auditors

– Guest lecturers

– Host student activities

– Invite educators and students to IIA events

• Focus on appropriate activities

• Encourage Universities to teach internal audit as a course or part of a

course

• Measure Impact and reevaluate

Academic Relations

Why you must all help now!

• Lack of new talent entering internal audit

• Shortage of internal auditors will get significantly worse

• Need to advocate the profession and careers in IA in many ways

• Very few new classes and programs

• Everyone in this room can help!

• VF IA video:

– http://www.youtube.com/watch?v=buepVhR4hJc

Academic Relations

Chapter Outreach to Universities

Key Messages for Chapters and Institutes to Convey

• Internal audit is a career in demand. Internal audit is a rewarding career for students. There are jobs for students in the profession.

• The local chapter will support the university’s advancement of internal audit education by providing:

– Internships

– Scholarships

– Volunteer opportunities for students

– Guest lecturers of classes

– Networking opportunities

– Generic internal audit marketing materials (Chapters can order for free from IIA HQ)

Academic Relations

Tools from The IIA global ARC

Academic Relations Web page (downloadable)

• Resources– Academic Relations Committee Chapter/Institute Manual

– Internal Audit Academic Awareness Continuum

– Internal Auditing: A Career for Today, A Career for Tomorrow - video

– PPTs

– Guidelines for identifying schools to target your efforts

– PPT for assistance in meeting with University

• Promotional Materials– Flyers to create posters

– Flyers to distribute to students

– Brochures for students

Academic Relations

Reaching the Next Generation of Internal

Auditors

Tools and Resources from IIA

• Internship in a Box

• Academic Relations Manual

• Marketing Materials

• Presentations

• Online Resources for:– Chapters

– Educators

– Students

These tools and other resources are available at www.theiia.org/academic. See

how Academic Relations can help your chapter connect with students!

Academic Relations

Chapter Relations Activities Maturity Levels

Advanced Academic Relations Chapter

Activities:

•The items listed above in basic and intermediate levels, plus the following:

•Develop Summer Leadership Programs for the major schools that have an interest in IA as a career

•Select students participate in research projects, simulations, company visitations, peer outreach and presentations to board

•Develop a mentorship program, where an ARC and/or chapter members team up with students for mentoring and counselling

•Appointing students to Chapter Boards

•Develop IA Case competitions, where prizes/scholarships can be awarded

•Develop and support an IIA student chapter supported by University

•Develop an endowment for the university

Intermediate Academic Relations Chapter

Activities:

•The items listed in the basic level plus the following:

• Assign an ARC or Chapter member as a liaison to work with each school. This can be an alum of the particular school, or simply an active IIA Chapter member

• Have the assigned liaison ARC or Chapter member work with each school, to set up guest lecture programs (regularly) where they can visit the school accounting or other business classes to discuss IA as a career option

• Sponsoring student memberships ($35 per student)

• Providing students free admission to events and chapter meetings

• Professor involvement in Chapter- i.e. Board position

• Have an approved IAEP program at a university

• Host a student night about internal audit careers/skill development

• Provide internships to students

• Support an IAEP university by donating restricted funds for that university to the IAAAF

Basic Academic Relations Chapter

Activities:

•Elect a Chapter Academic Relations Committee (ARC) Chair

•Form an Academic Relations Committee made up of several interested chapter members

• Identify Local Colleges/Universities who offer Accounting and Related Program majors

•Reach out to each school to identify potential school contacts who can be used to help promote student awareness of IA as a career

•Share with each school some of the IIA AR materials that are available to Chapters from IIA HQ

•Present to universities the value of teaching internal audit and adopting The IIA's The IIA Global Model Internal Audit Curriculum

•Participate in BAP or Accounting Society's Meet the Firms night

•Provide scholarships for students

Academic Relations

A Career in Internal Auditing

Internal Auditing:

A Career for Today, A Career for Tomorrow

show video

• https://www.youtube.com/watch?v=Zi1L-0wC7wA

• https://www.utdallas.edu/graduation/2014/may/melissa/

Academic Relations

Call to Action!

Why You All Need To Help!

Academic Relations

How can YOU help?

Advocate the Profession

Advocate for Academic Relations and the Profession

of Internal Audit

Denny Beran Retired CAE JC Penney

Past Chair of the Board IIA International and

Past Chair IIA International ARC

Academic Relations

Continually

Network

Academic Relations

Visit a

campus

Academic Relations

Speak to

a class

Academic Relations

Guest Lecturing

• Understand your topic

• Know your audience

• Provide context for your commentary

• Bring your professional experience to life

• Create active discussion

• Generate interest through advocacy

• Exposure to multiple levels of audit

professionals

Academic Relations

Invest in

the

Future

Academic Relations

Southwest Airlines

Student Chapter Event

Academic Relations

Student Panels

Academic Relations

Academic Relations Activities &

Support

• IAEP Leadership and Networking Retreat

• Educators’ Forum

• Mentorship

• Awareness Events

• Webinars

Academic Relations

Academic

Relations

Website

WWW.TheIIA.Org/Academic

The Academic Relations Web

Pages are separated into four

sections:

• Resources for Chapters /

Institutes

• Resources for Educators

• Resources for Students

• Support Academic

Relations

Academic Relations

Academic

Relations

Website

WWW.TheIIA.Org/Academic

Resources by Chapter

Section:

• Chapter Manual (updated)

• Ideas for Getting the Word

out about Internal Audit

Academic Relations

Chapter

Leader

Resources

Webpages

www.theiia.org

Or

Click

Here

Click

Here to

sign in

Academic Relations

Leader Resource Web pages

Academic Relations

Leader Resource Web pages

Academic Relations

Internal

Auditing:

Assurance

& Advisory

Services,

Fourth

Edition

Academic Relations

Textbook Chapters

• Chapter 1: Introduction to Internal Auditing

• Chapter 2: The International Professional Practices Framework

• Chapter 3: Governance

• Chapter 4: Risk Management

• Chapter 5: Business Processes and Risk

• Chapter 6: Internal Control

• Chapter 7: Information Technology Risks and Controls

• Chapter 8: Risk of Fraud and Illegal Acts

• Chapter 9: Managing the Internal Audit Function

• Chapter 10: Audit Evidence & Workpapers

• Chapter 11: Data Analytics and Audit Sampling

• Chapter 12: Introduction to the Engagement Process

• Chapter 13: Conducting the Assurance Engagement

• Chapter 14: Communicating Assurance Engagement Outcomes

• Chapter 15: The Consulting Engagement

Download the Table of Contents Below

Academic Relations

Case Studies

• Case Study 1: Auditing Entity-wide

Controls

• Case Study 2: Auditing the Compliance

and Ethics Program

• Case Study 3: Performing a Blended

Consulting Engagement

Academic Relations

Textbook Product Integration

Check out the resources here:

www.theiia.org/IAtextbook

ACL

Idea

KnowledgeLeader

TeamMate +

Academic Relations

Internal Auditing: Assurance &

Advisory Services, 4th Edition

What’s new in the 4th Edition?

TeamMate +® and TeamMate Analytics an award-winning

audit management system, has been integrated throughout the

applicable textbook chapters. Specific case studies have been

developed and are embedded at the end of chapter material to

introduce the ways that TeamMate + can be used to streamline

internal audit processes. Streamlined for student online access.

Introduction of the KnowledgeLeader with case studies

throughout the text. Access available to all faculty and students.

Expanded instructor materials with 100 sample multiple choice

questions, sample exam, along with expanded PowerPoint slides.

Published by The Internal Audit Foundation

Instructors interested in ordering a desk copy may contact The IIA Bookstore, powered by the Internal Audit

Foundation, by email at iiatextbook@theiia.org. Requests are limited to one per instructor and two per

institution.

Academic Relations

Chapter Achievement Program

(CAP)

• CAP Point Description

• Service to the Members

– Chapter meeting events

• Service to the

Profession

– Student night

– Career Day

– Guest speakers

– And more

What’s in it for the Chapter?

Earn CAP Points!

• Contributions -1 point per $100 up to

$1000, 2 points for each additional $100 /

no max

• Promote Chapter Book of the Month-1

point per month / 12 points max

• Submitting annual pledge form -8 points /

8 points max

46

Academic Relations

Breakout Session

Chapter Academic Relations

Structure

• Board appoints an AR Chairperson

• AR Organization Options –

– Form a Committee

– Form a Team for each activity• People can be different for each activity

• Ensure someone is in charge

• Develop deliverables

• Develop objectives and goals

– See Chapter Manual, AR Manual & other AR Tools

Assign Teams-Key Questions

• What schools are we going to be working

with?

• How are we engaged the schools?

Academic Relations

Perspectives From the Next

Generation of Internal

Auditors

Academic Relations

Thoughts from IAEP Students

• 3:05 pm – UT El Paso

• 3:20 pm – DePaul

• 3:35 pm – Kennesaw State

• 3:50 pm – Depending – University ofPretoria?

Academic Relations

What are Internal Audit students

looking for in an employer?

• Opportunities for Growth and Advancement-19

• Work/Life Balance-14

• Competitive Salary/Benefits-13

• Good Corporate Culture-12

• Flexibility - 11

• Diversity in Work-7

• Constantly Learning/Training-3

• Challenging Work-3

• Recognition/Feel Wanted - 3

• Great Leadership-2

• Good Travel - 2

• Highly Technical Environment - 2

• Does the Board think Highly of Audit - 2

Academic Relations

How to attract students?

• Advocate the Profession in many ways

• Faculty/Staff

• Sense of Community (IIA/ISACA/ACFE Student Chapter)

• Cross discipline approach

• Lots of large events

• Create lots of disciples

• Scholarships

Academic Relations

FUTURE

Academic Relations

ACTION PLAN

DISCUSSION

Academic Relations

ACHIEVEMENT OF

OBJECTIVES

Academic Relations

Future Demand/Supply of Internal

Auditors

• Demand for internal auditors and risk

management professionals will continue to

increase significantly

• Winners will be those with

staffing/recruiting strategy and long term

outlook

• Losers will be those who recruit randomly

Academic Relations

Options for future staffing

• Maintain current staff

• Decrease staffing when auditors leave

• Recruit from other companies

• Recruit individuals in career transition

• Hire internal audit students from Universities

• Hire students from Universities

• Co-sourcing/outsourcing will increase

Academic Relations

Winning the war for talent:

Actions steps

Academic Relations

Create

Pipeline

of Talent

Academic Relations

Southwest Airlines

Student Chapter Event

Academic Relations

Time

Academic Relations

The Future Internal Auditors

Academic Relations

Dallas IIA Super Conference

October 2017

Academic Relations

The Future of the Profession

Academic Relations

Closing Remarks

Academic Relations

Four Ingredients for Success

• Chapter Champion

• University Champion

• Practitioner Support

• Committed Students

Academic Relations

Thank You!

IIA HQs Primary ARC & IAEP Contact:

Maunda Land, CMP, CAE

Director, Membership Engagement, Diversity & Student Programs

The Institute of Internal auditors

Maunda.land@theiia.org

academic@theiia.org

+1-407-937-1314