knowledge through sharing and learning platinum chapter march n… · information on the ny chapter...
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Dear Members:
One of the Chapter’s premier events will be held on May 5, 2017 at the United Federation of Teachers (UFT). The Annual Audit Seminar attracts 200-300 of your internal audit peers in a one day event. This year’s theme is Risk and Internal Audit. With two keynote presentations and three separate tracks, there is something for everyone. Please take a look at the program details. I look forward to seeing you there. After the seminar on May 5, 2017, at 4:30pm we will be holding our Annual Meeting to elect the Executive Committee for the upcoming year and several Board of Governors. The event is free and will include light refreshments. We continue to hold monthly Chief Audit Executive Roundtables to provide engaging conversation. If you are Chief Audit Executive and would like to participate in one of these meetings, please notify [email protected]. Thanks to all that attended the February 17th workshop at the Hard Rock Café. It was a very successful event. The last two workshops for the Chapter year are on March 24th and April 12th. Both events will be held at Baruch College. We look forward to seeing you.
Sincerely,
Alex Cacanando
NY Chapter President of the Institute of Internal Auditors
Platinum Chapter
MARCH 2017 NY IIA Chapter Website Link
Knowledge Through Sharing and Learning
News (Click links here to go directly to areas)
Events and Workshops 3 - 11
Certification Corner 12 – 14
Member News 15 - 19
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In This Issue
Message/Events/Information Page (follow link)
President’s Message
Upcoming Events and Workshops
Nominations for 2017-2018 BOG and Executive Committee
March 24, 2017 workshop
April 12, 2017 workshop
June 15, 2017 training offered by Skytop Strategies
New Legal and Regulatory Terrain for Risk Management
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3
4
5
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11
Certification Corner
CIA Part 3 Exam Prep – Special Course Offering
CIA Learning System
IIA Certification Discount – March only
12
13
14
Member News
IIA NY Chapter – New Certified Members
IIA Announcements
Government Audit Conference – Attendee Reflection
Information on the NY Chapter IIA App
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Upcoming Events and Workshops
March 24, 2017 (Baruch)
(AM) Hot Topics and Digital Issues
Presented by Ernst & Young LLP
Luncheon: Working with Regulators
Presented by Scott Kenney, Moody’s
(PM) ERM Risk Governance
Presented by Michael Lynn, Vice Chair Global
IT Guidance Committee for IIA
(PM) “New York DFS Part 504 Regulation - Path
to Certification” JUST ADDED
Presented by:
Gokul Kallambunathil and Mark Scarmozzino,
CAMS Director of Business Development,
ACA Telavance
April 12, 2017 (Baruch) DATE CHANGE
NOTE WORKSHOP TOPICS HAVE
CHANGED
(AM) Cybersecurity and Construction Audit
Presented by Jim Sidoti, Experis
Luncheon: Using qualitative research techniques
to structure an internal audit
Presented by: Dr. Roger Mayer, SUNY
College at Old Westbury
(PM) Data Analytics
Presented by ACL ------------------------------------------------------
For more information, contact either:
Ellen Issacs
Alex Cacanando 917.853.6369
April 20, 2017 (Baruch)
NY Metro Area Audit Executive Summit
Unique and innovative full day event
THIS EVENT IS EXCLUSIVELY FOR
CHIEF AUDIT EXECUTIVES
Contact Alex Cacanando for more information
May 5, 2017 – SAVE THE DATE
43rd Annual Audit Seminar
(United Federation of Teachers (UFT))
THEME: RISK AND INTERNAL AUDIT
RESPONSIBILITIES
Additional Details available soon
May 5, 2017
Annual Membership Meeting to elect officers
of the NY Chapter of IIA
Time: 4:30pm
Place: (United Federation of Teachers
(UFT))
Cost: FREE for IIA members
----------------------------------------------------
Note: Specific Speakers and Topics Subject to
change
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Nominations for Officers and Governors To be elected at Annual Membership Meeting
May 5, 2017 5:30pm
United Federation of Teachers 52 Broadway, NYC
Executive Committee
For the Chapter Year 2017 – 2018 President – Scott Kenney
Executive Vice President – Uday Gulvadi
VP of Professional Development – Ellen Issacs
VP of Professional Services – Matt Meisel
VP & Secretary – VACANT
VP & Treasurer – Carlos Garcia
Board of Governors
Term – 2017 – 2020 Paulette Mullings Bradnock
John Fitzpatrick
Laura Lowenhaupt
Jeff Super
Raquel Marin-Oquendo
***There will be a complimentary cocktail hour for all members
after the May 5, 2017 Annual Audit Seminar where we will hold
the elections for the upcoming Chapter Year. Please join us.
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New York Chapter: Institute of Internal Auditors
Announcing our March 24, 2017 Workshop:
REGISTRATION IS OPEN -March 24 Workshop registration link
Date: Friday, March 24, 2017
Time: 8:30 AM – 4:30 PM Location: Baruch College
55 Lexington Avenue, NYC
Morning Workshop - 8:30 am - 11:30am (3 CPE)
Presenter/Speaker – David Kahan, Senior Manager, Ernst & Young LLP
Topic – Digital Innovation in the Financial Services Sector and the Role Internal Audit Plays
What is Digital and how is it changing the Financial Services sector, and what does it mean to
Internal Audit functions?
o Agenda:
What is FinTech?
Trends and areas of Innovation by Sector
Forming an IA Approach to Digital
Internal Audits Role
David is a Senior Manager within the Advisory Services practice of Ernst & Young LLP’s Financial
Services Office. He has over twelve years of financial services experience, specifically within the
banking and capital markets and insurance industries. He has served clients in a multitude of areas
including risk management and regulatory compliance focused within the internal audit domain. He
holds a BS in Management Information Systems and Finance from Binghamton University.
Nikhil Lele is a Principal in EY's Financial Services Nikhil is a Principal in EY's Financial Services
Office, and is the Strategic Insights and FinTech Strategy leader in the Americas FSO. In his role, Nikhil
leads EY's business strategy, innovation strategy, strategic analytics solutions, and FinTech and disruptive
innovation solutions serving clients across the banking, capital markets, wealth and asset management,
and insurance sectors. Nikhil holds an MBA from The Wharton School of the University of Pennsylvania
and earned his BS in MIS and Computer Science from The College of New Jersey.
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Please note: Lunch is served from 11:30am - 12:30pm
Luncheon Workshop Presentation: 12:30pm – 1:30pm (1 CPE)
Presenter: Scott Kenney, Senior Vice President and General Auditor of Moody’s Corporation
Topic: Working with Regulators
The PCAOB, created by the Sarbanes-Oxley (SOX) Act of 2002, oversees the auditors of public
companies in order to protect the interests of investors and further the public interest in the preparation
of informative, fair, and independent audit reports. Mr. Powers will focus on in SOX IT controls, their
importance and common issues.
Overview of Discussion
a. Overview/mission of PCAOB
b. Importance of Information Technology General Controls (ITGCs)
c. Audit issues recognized by IT audit inspectors
d. How IT auditors can assist
Scott Kenney is Senior Vice President and General Auditor of Moody’s Corporation. Mr. Kenney reports
jointly to the Chairman of the Audit Committee of Moody’s Corporation and Moody’s Chief Executive
Officer. Mr. Kenney was appointed General Auditor in March 2015. In this role he is responsible for
overseeing Moody’s Global Internal Audit function, including providing an independent oversight
function that evaluates the processes and controls over the organization’s financial, technology, ratings
and operational activities.
Prior to joining Moody’s, Mr. Kenney was a Managing Director at Deloitte from 2008 to 2015 serving
as leader to several internal audit departments, external financial statement audits, Sarbanes-Oxley
compliance efforts and large regulatory compliance engagements. He served in a variety of positions at
Deloitte from 1997 to 2015, served as Global Director of Compliance for Take Two Interactive during
2005 and Internal Auditor at Staff Builders Home Health Care from 1995-1997.
Mr. Kenney currently serves on the Board of Governors for the New York Institute of Internal Auditors.
He has served as President, Executive Vice President and various Vice President positions within the
New York Chapter over the past 10 years.
Mr. Kenney holds a BS in Accounting from the University of Scranton and is a Certified Public
Accountant licensed in New York. Mr. Kenney is also a Certified Information Systems Auditor (ISACA),
Certified Informational Technology Professional (AICPA), Certified in Risk and Information Systems
Controls and a Chartered Global Management Accountant.
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Afternoon Workshop: 1:30pm – 3:00pm (1.5 CPE)
Presenter: Michael Lynn, Vice Chair Global IT Guidance Committee for the IIA
Topic: ERM Risk Governance – Appetite, Aggregation and Acceptance Challenges
A case study on IT related risks
This session is intended to give an overview of ERM models and specific challenges related to the
establishment of ERM governance that require internal audit awareness and focus. Some very simple
enterprise level concepts underlying risk governance are not so easy to actually adopt and still maturing
in most companies. We also use a quick case study to flesh out some common risk governance and
acceptance issues for IT related risks.
Context – What is the current state of ERM? Drivers -New COSO ERM Framework; ISO 31000;
Many Regulators and expectation of rating agencies as part of good Corporate Governance;
Required by IIA standard 2120
Purpose of Presentation – summarize some key audit challenges in reviewing ERM and its key
elements; where can audit champion or add value in reviewing their firm’s risk management
process; audit’s role and what it should or should not do related to risk management activities
Preliminary look at case study and initial observations
What is Risk Governance?
Risk Appetite… so easy to define?
Aggregation and Disaggregation of Risk
Risk Acceptance and challenges
Who owns IT risk?
A case study
Key Success Factors for an effective ERM function… culture, culture, culture
Michael Lynn is vice chair of the Institute of Internal Auditors (IIA) newly formed global IT Guidance
Committee and past vice chair of the IIA’s global professional issues committee (providing guidance and
preferred practices for the internal audit profession). In 2016, Mike established ARG Oversight LLC
(an Audit, Risk and Governance consulting and toolset venture), after leaving AIG in 2015 where he was
a Managing Director with audit oversight for IT Strategy, Security, Risk, Compliance and Infrastructure.
He led the IIA’s response to the revised COSO framework in 2012 and led a work stream to formulate
the IIA’s response to the new COSO ERM exposure draft in 2016 and was part of a high level work
team to revise the professional standards and their framework for the IIA.
He left the AXA Group in 2013, after spending over 20 years in various Audit, Risk Management and
Compliance leadership roles, including a three-year assignment in Paris where he led the Global Internal
Audit function. His last role was Senior Vice President of AXA Technologies where he established and
headed up the internal audit, risk management and SOX/Compliance functions for IT Infrastructure
operations. Mike has spent over 30 years in audit and risk management including 7 years at Ernst &
Young and several years as Deputy Director for Dun & Bradstreet. Michael obtained his BBA in
Accounting and an MBA in Finance, both from Pace University, and has earned a CPA license and
has a CRMA from the IIA.
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Afternoon Workshop: 3:00pm- 4:30 (1.5 CPE)
Presenter: Gokul Kallambunathil and Mark Scarmozzino,
CAMS Director of Business Development,
ACA Telavance
Topic: “New York DFS Part 504 Regulation - Path to Certification”
On June 30, 2016, the New York State Department of Financial Services (“DFS”) issued a Final Rule
(Regulation 504) requiring regulated institutions to maintain “Transaction Monitoring and Filtering
Programs” The Final Rule applies to all banks, trust companies, private banks, savings banks, and
savings and loan associations chartered under New York Banking Law and all New York-licensed
branches and agencies of foreign banks. Sanctions Filtering Program scope is limited to the detection
of transactions prohibited by Office of Foreign Assets Control (“OFAC”) sanctions regulations.
Gokul Kalambunathil is a Senior Vice President at ACA Telavance, and is a founding Partner &
Member of the Senior Leadership Team at the firm. Gokul had direct responsibility for working with
existing clients of ACA Telavance.
He has over 23 years of progressive experience in Financial Services and Information Technology, and
is a Certified Anti Money Laundering Specialist (“CAMS”). Gokul has a wide range of experience in
the financial services domain, including Regulatory Compliance Advisory services, Information
Technology, Business Analysis, and Data Modeling & Analytics. Gokul has deep expertise in
compliance with regulations such as the Bank Secrecy Act & USA Patriot Act and the Office or
Foreign Assets Control (“OFAC”). Gokul has a Master's degree in Computer Applications (MCA)
from Bharathiar University, Coimbatore, India.
Mark Scarmozzino is the Director of Business Development for ACA Telavance, and has over 30 years
of global banking and financial services industry experience, including extensive expertise in
Enterprise Risk Management, BSA/AML & Global Sanctions compliance, and Fraud detection,
mitigation and risk management.
Mark is certified as an Anti-Money Laundering Specialist (“CAMS”) by the Association of Certified
Anti-Money Laundering Specialists (“ACAMS”), and has extensive experience in software tools and
technology for the financial services industry. He is a frequent speaker at industry trade associations
and compliance round table sessions.
CPEs Available:
7 credits for full day workshop
3 credits for half-day workshop
1 credit for luncheon presentation
Registration Fees: IIA Members
Full Day, IIA Member: $175
Luncheon Only - Member: $60
Half day including Lunch - Member: $90
Half day without Lunch, IIA Member:
$80
Registration Fees: Non- Members
Full Day, Non-Member: $195
Luncheon Only Non-Member: $70
Half day with Lunch Non-Member: $100
Half day without Lunch Non-Member
$90
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REGISTRATION WILL BE AVAILABLE SOON
MEMBERS WILL RECEIVE NOTIFICATION WHEN REGISTRATION IS OPEN Date: Wednesday, April 12, 2017 Time: 8:30 AM – 4:30 PM
Location: Baruch College 55 Lexington Avenue, NYC
Morning Workshop - 8:30 am - 11:30am (3 CPE)
Presenter/Speaker – Jim Sidoti, Experis
Topic – CyberSecurity and Construction Audit
Sophisticated hackers exploit vulnerabilities to steal information and money and are developing capabilities to disrupt, destroy, or threaten the delivery of essential services. In this session, you will learn about cybersecurity and the importance of protecting your company against any vulnerabilities to a wide range of risk from both physical and cyber threats and hazards. The session on construction auditing will cover mitigating financial risk and ensuring construction dollars are spent wisely by ensuring that appropriate controls are established over rigorous project management and a risk management program. This session will also cover how to effectively establish audit coverage to achieve "risk based" cost avoidance and cost recovery results and will explore types of fraud common to construction. Jim Sidoti is a Business Development Manager at Experis™, the global leader in professional resourcing and project-based solutions. Experis accelerates organizations' growth by intensely attracting, assessing and placing specialized expertise in IT, Finance and Engineering to precisely deliver in-demand talent for mission-critical positions and projects. Please note: Lunch is served from 11:30am - 12:30pm
Luncheon Workshop Presentation: 12:30pm – 1:30pm (1 CPE) Presenter: Dr. Roger Mayer, SUNY College at Old Westbury
Topic: Using qualitative research techniques to structure an internal audit
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Dr. Roger Mayer is an assistant professor of accounting at the SUNY College at Old Westbury where he teaches advanced auditing at the graduate MS in Accounting program. He has over 15 year experience in internal auditing including seven years at the level of director of director of internal audit. Dr. Mayer has presented at over 20 professional and research symposiums including sessions sponsored by the IIA, ACL, Healthcare Financial Management Association (HFMA), and the American Accounting Association. He has published in multiple academic and professional journals on topics related to governance, audit, and healthcare. He was co-chair of the HFMA Audit and Compliance Manhattan group in 2010 and 2011.
Afternoon Workshop: 1:30pm – 4:30pm (3 CPE) Presenter: ACL - Presenter to be determined Topic: Data Analytics The session will cover the importance of data preparation and presentation techniques using ACL with the goal of adding value to your organization in business problem-solving with real-world analysis to provide the most relevant analyses for management’s use. The session will also discuss the knowledge and skills necessary for data analysis.
CPEs Available:
7 credits for full day workshop 3 credits for half-day workshop 1 credit for luncheon presentation
Registration Fees: IIA Members
Full Day, IIA Member: $175 Luncheon Only - Member: $60 Half day including Lunch - Member: $90
Half day without Lunch, IIA Member: $80
Registration Fees: Non- Members
Full Day, Non-Member: $195
Luncheon Only Non-Member: $70
Half day with Lunch Non-Member: $100
Half day without Lunch Non-Member $90
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UPCOMING TRAINING New Legal and Regulatory Terrain for Risk Management
Presented by: Skytop Strategies
Date: June 15, 2017
Where: BARUCH COLLEGE, 55 LEXINGTON AVE. NEW YORK, NY
Click the following link for detail agenda and more information, including registration
Training - new legal and regulatory terrain
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CERTIFICATION CORNER
CERTIFIED INTERNAL AUDITOR Earn the most sought-after credential in the Global Internal
Audit Profession!
Pass the Certified Internal Auditor Exam – Part 3
A comprehensive training class is being offered:
WHEN: April 1, 8 and 22, 2017
LOCATION: TBD
This course will expand your internal audit knowledge and prepare you for the Certified Internal Auditor (CIA) exam.
For more details email: [email protected]
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Certified Internal Auditor Exam
Prepare to Pass The IIA's CIA Learning System® Are you looking for the best way to prepare for the Certified Internal Auditor® (CIA®) exam?
The Institute of Internal Auditors’ CIA Learning System teaches the entire global CIA exam
syllabus. Our study tools offer customization, convenience and mobility so you can make the
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Click here for more on The IIA CIA learning system. CIA learning For additional questions or inquiries, please reach out to the VP & Secretary – Tracey Thomas at [email protected]
The IIA is also offering discount as follows:
Certified Internal Auditor (CIA) Exam® Practice Questions
See link for further details: CIA Exam Practice Questions Discount
Order your copy today!
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IIA Certification Discounts in March
Train More. Gain More. Save More in March. Seminar, OnDemand & On-Site Group Training Offers
At The IIA, we’re the experts on delivering the latest core competency, emerging issues, and leadership skills training.
For a limited time, The IIA is offering three ways to save on 2017 training booked in March. Whether it’s sharpening individual skills or tackling team development, take advantage of these limited time offers.
Follow this link for more information on the following: IIA training
New York courses offered April 4 to 7 at MetroTek Training Facility
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MEMBER NEWS
In this section of the IIA NY chapter newsletter, we would like to highlight the members of our chapter who have achieved new IIA certifications, news from our members and
any other exciting events
IIA NY Chapter New Certified Members
Congratulations to the following members who have completed the requirements for the certifications listed in February 2017
If you have any questions, please reach out to our Certification Committee Chair
Tracey Thomas at [email protected]
Svitlana Pasquale
Jiyao Li
Certified Internal Auditor (CIA)
Ling Sien Siew
Conall McGonagle
Certification in Risk Management Assurance
(CRMA)
Lijun Wang
Certified Financial Services Auditor (CFSA)
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FROM THE IIA – ANNOUNCEMENTS
Available now on the IIA website are the following:
** New Standards Enhancements Now in Effect
In accordance with The IIA’s continued effort to meet the demands of today’s business environment, the
International Standards for the Professional Practice of Internal Auditing continue to evolve. Practitioners
around the world weighed in on proposed changes to the Standards in 2016, and the resulting changes and
updates became effective on Jan. 1, 2017.
The key changes include: The inclusion of two new standards. Alignment of the Standards to the Core Principles. Updates to existing standards.
Implementation Guides are available to help internal auditors conform to the updated Standards.
Learn more about the changes and ensure your guidance library is up-to-date.
1. Brexit, Trump Victories Signal Changing Risk Landscape
The outcomes of the Brexit and U.S. presidential elections reflected deep dissatisfaction with government
and a profound desire for change by a significant part of the voting public. Simply put, change affects risk.
Read the full InternalAuditor.org blog post from IIA President and CEO Richard Chambers.
**NEW! COSO Certificate program Is Now On Demand
The IIA is now offering two options to earn the COSO Internal Control Certification. You can choose a
blend of self-paced and live, interactive seminar training or a convenient, on-demand learning format. Both
options offer you a unique opportunity to develop your expertise in designing, implementing, and
monitoring a system of internal control.
Click here for more information - https://na.theiia.org/training/Pages/COSO-Certificate.aspx
** Steps for internal audit to evaluate corporate culture
Identifying the corporate culture, then quantifying and measuring are key steps for internal auditors to
mitigate conduct risk, according to CEB. Measuring corporate culture is a challenge, with CEB data
showing only 37% of audit teams review culture as part of existing engagements.
CEB Blogs (11/29)
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IIA Member Reflection on Government Audit Conference
On Friday, January 27, 2017, the Institute of Internal Auditors New York Chapter held is 6th Annual Government
Audit Conference at the Hotel Pennsylvania, on the Sky Top 18th Floor, in midtown Manhattan. The conference
atmosphere was relaxed, the event was scheduled from 8:30am to 4:30pm, and attendees were eligible to receive
7 CPEs.
The first speaker was Angela Witzany, IIA Global Chairman of the Board and Head of Internal Audit at
Sparkassen Versicherung AG, in Vienna Austria. Her topic was “Audit Never Sleeps”. She started off her
presentation showing a video regarding the 75th IIA International Conference, held in New York City in 2016.
She then discussed the IIA, its history and her experiences as Global Chairman, where she followed up by
encouraging everyone to volunteer and become involved with the IIA. She then turned to her role as an internal
auditor in her organization, discussing her trials and the obstacles global internal auditors face in this day and age.
Ms. Witzany discussed topics such as various types of risk, the opportunity to add value, and a mission for internal
auditing. She ended by discussing internal auditors as being trusted advisors and the top skills needed to be
successful: analytical/critical thinking, communication, and accounting.
Michael Fritz of Deloitte was the speaker immediately following Angela Witzany. Mr. Fritz shared being an
auditor for the MTA and his session topic was entitled “Auditing Big Data”. Mr. Fritz included a quick review
of audit tools from the comptometor to the automated programs we use today, even showing videos regarding
Deloitte technology and artificial intelligence in use. He stated that professional judgment and skeptism will
never be replaced by technology but zeroed in on the important chances and risks technology has brought to the
profession.
The third and last morning speaker was Alla Kleytman, of Con Edison. Her topic was “Auditing Culture”. Ms.
Kletman defined corporate culture and discussed the indignities that lack of proper culture contributes towards.
She discussed the components of a great corporate culture, soft controls, and internal audits role in cultivating
corporate culture through evaluation.
After Ms. Kletman, we broke for lunch allowing reflection, discussion, and networking.
Following the lunch period, Stephen Morgan discussed Emerging Issues in the Public Sector. He discussed how
there were not many books regarding performance auditing but noted that professional organizations provided
good guides, as did the country of Canada. He further discussed the roles of auditors in auditing and the need to
review the assumption of emerging issues.
The last speaker of the day was Milan Shah, the Director of Internal Audit at ConEdison, and his topic was Critical
Thinking. His presentation encompassed lots of inspirational slides, videos and an interactive exercise showing
how people think differently. He impressed upon everyone in attendance how critical thinking skills can be
improved and discussed the many obstacles and impediments to mastering the skill of critical thinking.
The conference was very interesting with an enormous amount of valuable information was shared. The benefit
individuals perceived in the information was seen in how people spent time taking pictures of slides used, trying
to capture necessary information for continued professional development.
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REMINDER – THE NY CHAPTER IIA APP FOR
IOS AND ANDROID DEVICES AND THROUGH
GOOGLE PLAY IS AVAILABLE!!!
YOU CAN ACCESS ALL NEW YORK IIA CHAPTER
INFORMATION ON YOUR HANDHELD DEVICES. JUST
DOWNLOAD THE APP BY SEARCHING FOR THE “NEW YORK
IIA”. LINKS ARE PROVIDED BELOW FOR YOUR REFERENCE.
YOU CAN FIND INFORMATION RELATED TO:
1. WORKSHOPS
2. TRAINING AND EVENTS
3. JOB POSTINGS
4. ARTICLES
5. NEWSLETTERS
https://itunes.apple.com/us/app/new-york-iia/id1083422085?mt=8
https://play.google.com/store/apps/details?id=com.goodbarber.iianychapter&hl=en