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The Benefits of An Endowment Program

Institute of Internal Auditors Dallas Chapter

APPENDIX A Comparing University Programs

Section Objectives: The objective for this section, comparing university programs, was to identify the various auditing curricula offered by the three universities (University of North Texas, University of Texas at Arlington, and the University of Texas at Dallas) in the study. We have also provided an overall comparison of the universities based on academics, cost, financial aid, admissions, student satisfaction, student body, and the U.S. News Online magazine article entitled 2001 College Rankings – College Comparison Worksheet. Our research methodology included reviewing the following for each of the three universities (UNT, UTA, and UTD):

University course catalogs • • • •

University class schedules University Accounting Department web sites U.S. News College Comparison Worksheet.

Literature Review and Background: UNT offers an Internal Audit Specialty for the Masters of Science in Accounting. In addition to UNT’s Internal Auditing course, other graduate level auditing courses (Audit Investigative Process and EDP Control and Auditing) are required. UTA offers two undergraduate Internal Auditing courses. However, UTA does not offer a specialty in Internal Auditing at either the undergraduate or graduate level. UTD does not offer internal auditing courses. All three universities are public schools. UNT and UTA are comparable in size and the cost to attend the universities. UTD is a smaller university. UNT has more applicants per year at 7,414 compared to UTA with 2,514 and UTD with 2,280. UTD appears to be more selective and has higher average SAT/ACT scores than UNT or UTD. U.S. News considers all three schools diverse (see the Table 1 for the U.S. News: College Comparison Worksheet.) We have included tables that list the prerequisites for Internal Auditing courses (Table 2), other undergraduate audit courses (Table 4), and other graduate level audit courses (Table 4). These tables give the reader the perspective of the types of auditing courses offered, prerequisites needed for auditing courses, and how often audit courses are offered. They also describe the three universities and their audit course curricula in more detail. Conclusion: After reviewing the attached course listing, it appeared that UNT has a well-rounded program for Internal Auditing. UNT requires more overall prerequisites for their internal audit course and other auditing courses than UTA. UNT prerequisites include accounting, economics, information systems, business law, and mathematics. These prerequisites would give a student a broad

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perspective on various aspects of the business world. Using this knowledge as a basis for learning and class discussions, the students should be able to better understand more complex business scenarios and cases than students taking fewer prerequisites, thus enhancing their overall knowledge base.

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U.S. News: College Comparison Worksheet

University UNT UTA UTD Public/Private Public Public Public Founded 1890 1895 1969 Size 20,449 15,266 5,974 City/State Denton, TX Arlington, TX Richardson, TX Academics Student-to-faculty ratio 16/1 20/1 19/1 Full-time Faculty 89% 86% 82% Classes taught by TAs 0% 8% 10% Classes with under 20 students 19% 34% 50% Classes with 50+ students 22% 19% 15% Average graduation rate 37% 28% 42% Cost Public in-state tuition and fees $2,950 $2,670 $3,238 Public out-of-state tuition and fees $8,190 $7,854 $8,398 Room/Board $4,200 N/A $2,820 Financial Aid* Students receiving: Need-based grants

26%

29%

23%

Need-based self-help aid 31% 35% 8% Merit aid 18% 12% N/A Students whose need was fully met 24% 19% 85% Average financial aid package $5,145 $7,149 $2,111 Average need-based grant $2,449 $3,270 $1,218 Admissions Selectivity Selective Selective More Selective Acceptance rate 74% 97% 63% Number of applicants 7,414 2,514 2,280 Average high school GPA N/A N/A 3.59 SAT/ACT (25/75 percentile) 960-1200 930-1150 1070-1320 Student Satisfaction Freshman retention rate 71% 68% 75% Alumni giving rate 6% 3% 6% Student Body Diversity** Yes Yes Yes Fraternity members 6% 5% 6% Sorority members 4% 3% 3% Students living on campus 85% 84% 82% N/A indicates that the school did not provide data to U.S. News in a certain area, or that the data is not applicable to a particular school, such as in-state tuition for private schools. *All financial aid data is based on the total number of undergraduates who applied for aid. **A school is considered diverse if the minority population is greater than the national average of 17 percent.

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UNT Internal Audit UTA Internal Audit UTD Internal Audit Number of Courses

1 2 None

Course Listing ACCT5450 Seminar in Internal Auditing (G) ACCT4331 Internal Auditing I (U) ACCT4332 Internal Auditing II (U)

N/A

When Offered Spring ACCT4331 – Spring ACCT4332 – Not offered in last 3 semesters

N/A

Auditing Prerequisite(s)

1 1 (for ACCT4332) N/A

Course Listing ACCT4400 Auditing Professional Responsibilities (U) ACCT4331 Internal Auditing I (U) N/A Accounting Prerequisite(s)

4 3 N/A

Course Listing ACCT4100 Accounting Systems (U) ACCT5020 Accumulation and Analysis of Accounting Data (G) ACCT5110 Accounting Analysis and Reports I (G) ACCT5120 Accounting Analysis and Reports II (G)

ACCT2301 Principles of Accounting I (U) ACCT2302 Principles of Accounting II (U) ACCT3303 Intro to Accounting Information Systems (U)

N/A

Other Prerequisite(s)

6 1 N/A

Course Listing ECON5000 Economic Concepts (G) MATH1100 College Algebra (U) MATH1190 Business Calculus (U) MSCI5010 Statistical Analysis (G) BCIS5090 Intro to Business Computers (G) BLAW5050 Legal, Regulatory, and Ethical Environment of Business (G)

BUSA2303 Intro to MIS and Data Processing (U) N/A

U – Undergraduate Course G – Graduate Course

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UNT Graduate Audit Courses UTA Graduate Audit Courses UTD Graduate Audit Courses Number of Courses

4 3 2

Course Listing ACCT5410 Audit Investigative Process (G) ® ACCT5430 Auditing Special Problems (G) ACCT5440 EDP Control and Auditing (G) ® ACCT5470 Auditing Advanced Theory (G)

ACCT5316 Auditing Concepts and Practices (G) ACCT5318 Studies in Auditing (G) ACCT5332 Operational Auditing (G)

ACCT6334 Auditing (G) ACCT6336 Information Technology Auditing (G)

When Offered ACCT5410 – Fall ACCT5430 – Not Offered in last 3 semesters ACCT5440 – Fall ACCT5470 – Fall

ACCT5316 – Spring ACCT5318 – Fall ACCT5332 – Spring

ACCT6334 (same as ACCT3334) – Spring ACCT6636 - Spring


1 (for ACCT5410) 2 (for ACCT5430, 5440, and 5470)

1 (for ACCT5318) None

Course Listing ACCT4400 Auditing Professional Responsibilities (U) ACCT5410 Audit Investigative Process (G) (for ACCT5430, 5440, and 5470)

ACCT5316 Auditing Concepts and Practices (G) N/A

Accounting Prerequisite(s)

4 5 2

Course Listing ACCT4100 Accounting Systems (U) ACCT5020 Accumulation and Analysis of Accounting Data (G) ACCT5110 Accounting Analysis and Reports I (G) ACCT5120 Accounting Analysis and Reports II (G)

ACCT5301 Accounting Analysis I (G) ACCT5302 Accounting Analysis II (G) ACCT5311 Financial Accounting I (G) ACCT5312 Financial Accounting II (G) ACCT5315 Accounting Systems Analysis (G)

ACCT6305 Accounting for Managers (G) ACCT6330 Corporate Financial Reporting (G)


6 2 None

Course Listing MATH1100 College Algebra (U) MATH1190 Business Calculus (U) BCIS5090 Intro to Business Computers (G) ECON5000 Economic Concepts (G) MSCI5010 Statistical Analysis (G) BLAW5050 Legal, Regulatory, Ethical Environment Of Business (G)

MATH1315 College Algebra for Economics and Business Analysis (U) BUSA5301 Statistics (G)

N/A

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U – Undergraduate Course G – Graduate Course ® – Required for Internal Audit Specialty

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UNT Undergraduate Audit Courses UTA Undergraduate Audit Courses UTD Undergraduate Audit Courses Number of Courses 2 2 1 Course Listing ACCT4400 Auditing Professional Responsibilities

ACCT4410 Auditing Evidence ACCT4318 Auditing ACCT4338 Independent Auditing Responsibilities and Standards

ACCT3334 Operational Auditing

When Offered ACCT4400 – Fall, Spring, and Maymester ACCT4410 – Not offered in last 3 semesters

ACCT4318 – Fall and Spring ACCT4338 – Fall (1999)

Spring


1 (for ACCT4410) 1 (for ACCT4338) None

Course Listing ACCT4400 Auditing Professional Responsibilities ACCT4318 Auditing N/A Accounting Prerequisite(s)

5 5 2

Course Listing ACCT2020 Accounting Principles I ACCT2030 Accounting Principles II ACCT3110 Intermediate Accounting I ACCT3120 Intermediate Accounting II ACCT4100 Accounting Systems

ACCT2301 Principles of Accounting I ACCT2302 Principles of Accounting II ACCT3303 Intro to Accounting Information Systems ACCT3311 Financial Accounting I ACCT3312 Financial Accounting II

ACCT2302 Intro Cost Management ACCT4342 Accounting Information Systems


7 (for both) 1 (additional for ACCT4410)

3 None

Course Listing MATH1100 College Algebra MATH1190 Business Calculus BLAW3430 Basic Law BCIS2610 Intro to Business Computers BCIS3610 Basic Information Systems ECON1100 Principles of Microeconomics ECON1110 Principles of Macroeconomics MSCI3710 Business Statistical Analysis Using Spreadsheet (for ACCT4410)

MATH1315 College Algebra for Economics and Business Analysis BUSA2303 Intro to MIS and Data Processing BUSA3321 Business Statistics

N/A

NOTE: All courses are undergraduate.

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APPENDIX B Surveys and Results

Page Company Survey

54

Alumni Survey

63

Student Survey

74

Faculty Survey

85

University Survey

91

Board Survey

92

Note: The number of survey responses may vary per question since not all respondents answered all survey questions.

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Company Survey: Introduction: i. Enter Company Name:

Response

Number of Responses

# of Company Responses 7Total 7

ii. Position/Title of person completing the survey:

Response

Number of Responses

Senior Vice President 1Vice President 2General Auditor 1Audit Manager 1Manager 2

Total 7 1. What industry is your company in? (Check one that applies most.)

Response

Number of Responses

Accounting/Legal/Consulting 0Manufacturing 1Agriculture 0Non-Bank Financial Services 0Banking 0Health Care 1Computer/Data Processing Services 1Real Estate/Construction 0Education 0Transportation 2Energy (oil & gas) 0Utilities 1Entrepreneurial 0Insurance 0Government/Not-For-Profit 0Wholesale or Retail 1Other 0

Total 7

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2. What is the employee size of your company? Response

Number of Responses

Less than 9,999 110,000 to 19,999 020,000 to 29,999 030,000 to 39,999 240,000 to 49,999 050,000 to 59,999 060,000 to 69,999 070,000 to 79,999 080,000 to 89,999 090,000 to 99,999 0More than 100,000 4

Total 7 3. How many employees are in the internal audit department?

Response

Number of Responses

Less than 10 111 to 20 021 to 30 431 to 40 041 to 50 051 to 60 061 to 70 071 to 80 081 to 90 191 to 100 1More than 100 0

Total 7 4. Does your company participate in an internship program with any of the local universities/colleges (if

no, go to question #7)? Response

Number of Responses

Yes 1No 6

Total 7 5. Please indicate with which colleges/universities your company participates in the internship

programs? Response Yes No UNT 0 0

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UT Arlington 0 0UT Dallas 0 0Other: TCU 1 0

Total 1 0 6. How many students per year are in your Internal Audit internship program?

Response

Number of Responses

0-2 13-5 06-8 09 or more 0

Total 1 7. Please indicate from which colleges/universities your company recruits?

Response Yes No UNT 2 4UT Arlington 0 5UT Dallas 0 5Within the Organization 6 0Other: 4 0

Total 12 14 8. Are your auditors members of the Institute of Internal Auditors (IIA)?

Response

Number of Responses

Yes 7No 0

Total 7 9. What percentage of your Internal Auditors are CIA’s?

Response

Number of Responses

Less than 10 111-20 221-30 231-40 041-50 151 or more 1

Total 7

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10. Does your company sponsor any of the local colleges/universities (if no, go to question #12)?

Response

Number of Responses

Yes 1No 6

Total 7 11. Which local colleges/universities does your company sponsor?

Response Yes No UNT 1 0UT Arlington 0 0UT Dallas 0 0Other 0 0

Total 1 0 12. Our Internal Audit Department prefers to recruit from:

5 4 3 2 1 Responses

Strongly

Agree

Agree

Neither Agree Nor Disagree

Disagree

Strongly Disagree

Avg College/University with an IIA Endowed Program

1 1 4 1 0 3.3

College/University with an IIA Endorsed Program

0 2 4 1 0 3.1

Private Colleges/Universities

0 1 5 1 0 3.0

State/Public Colleges/Universities

0 2 4 1 0 3.1

Placement Agencies 1 3 2 1 0 3.6Outside the Internal Audit Function

0 4 1 2 0 3.3

Within the Company 2 4 0 1 0 4.0Local Colleges/Universities

0 3 3 1 0 3.3

Out of State College/University

0 2 3 2 0 3.0

Interns 0 2 4 1 0 3.1Other: Candidates with some experience

1 0 0 0 0 5.0

Other: Big Five 1 0 0 0 0 5.0Total 6 24 30 12 0 3.6

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13. What is your hiring ratio of college/university graduates to internal audit candidates with 1-5

years of experience? Response

Number of Responses

Less than 10 411-20 221-30 031-40 041-50 051 or more 0

Total 6 14. What percentage of your new hires are recent college/university grads?

Response

Number of Responses

Less than 10 611-20 021-30 131-40 041-50 051 or more 0

Total 7 15. The following factors have an impact on our decision in hiring Internal Auditors:

5 4 3 2 1 Responses

Strongly

Agree

Agree


Disagree

Strongly Disagree

Avg Bachelor’s Degree 5 2 0 0 0 4.7Master’s Degree 2 5 0 0 0 4.3Doctorate Degree 0 0 5 2 0 2.7Certified Internal Auditor (CIA) Designation

3 3 1 0 0 4.3

Internal Audit Experience

5 1 1 0 0 4.6

Business Operations Experience

2 5 0 0 0 4.3

IIA Chapter Involvement

1 0 6 0 0 3.3

Total 18 16 13 2 0 4.0

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16. List other experiences, certifications, qualities not listed in #15 that would impact the decision to hire an internal audit candidate: Response

Number of Responses

Management Information Systems Experience 1CPA 3CMA 1CFE 1Big Five 1

Total 7 17. a. Please rate on a scale of 1-5, 5 being the “Most Important,” the following top 10 wish list

of skill sets that your Audit Department would like to have of a newly hired college/university graduate: Responses Most 4 3 2 Least Avg Technical Skills: Information Technology 3 4 0 0 0 4.4Reporting Skills (database systems, spreadsheets)

3 1 3 0 0 4.0

Work Paper Skills (structuring & use of tick marks)

0 2 2 1 2 2.6

Relevant Statistical Methods Application

0 0 5 1 1 2.6

Awareness of theories of risk and organization control

1 4 1 1 0 3.7

Analytical Skills: Problem analysis, structuring, & solving

4 3 0 0 0 4.6

Research Skills (finding, accessing, and assessing data & judging information is sufficient/supportive of opinions)

2 4 0 1 0 4.0

Precision (concise, clear, accurate)

3 3 1 0 0 4.3

Behavioral Skills: Personal Skills (objective, inquisitive, flexible, directed, confident, etc.)

5 1 1 0 0 4.6

Interpersonal Skills (team player, communication skills, people skills, etc.)

6 1 0 0 0 4.9

Total 11 2 1 0 0 4.0

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17. b. Ideally, if university graduate new hires fulfilled all of the characteristics in your

department’s wish list, you feel these would have (please check all that apply): Response

Number of Responses

Lowered Audit Department training costs 5Shortened the new Auditor’s training time 4Lessened reliance on other auditors 3Allowed for earlier Auditor-In-Charge (AIC) assignments 5Other: Value Added Audits 1

Total 18 18. Based on your department’s experience (on average) with university graduates from the

following schools, how would you rate (on a scale of 1-5, 5 being best) the universities in preparing graduates to meet the characteristics in questions #17a and 17b? Responses

Best at

Meeting

4

3

2

Needs Improvement

to Meet

Other

Avg UNT 1 3 0 0 0 1-doesn’t hire from 4.3UT Arlington 1 0 3 0 0 1-doesn’t hire from 3.5UT Dallas 0 2 2 0 0 1-doesn’t hire from 3.5

Total 2 5 5 2 0 3.8 19. - 22.

Response for on a scale of 1-5

5 4 3 2 1

Responses

Strongly

Agree

Agree


Disagree

Strongly Disagree

Avg. 19. My company encourages Internal Auditors to acquire a CIA certification.

5 1 1 0 0 4.6

20. Internal Auditors are given pay incentives to achieve this certification.

1 0 2 1 3 2.3

21. Certification has some impact on Internal Audit promotions

1 2 1 0 3 2.7

22. Internal Auditors with Internal Audit experience are paid more.

2 2 3 0 0 3.9

Total 9 5 7 1 6 3.4

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23. On average, what percent of your auditors were hired directly out of the following

universities/colleges in the last 5 years: UNT UT Arlington UT Dallas Responses

% All Hires From

% Those hired that were also interns

% All Hires From


% All Hires From


0 to 10% 6 5 7 6 7 5 11 to 20% 1 0 0 0 0 0 21 to 30% 0 0 0 0 0 0 31 to 40% 0 0 0 0 0 0 41 to 50% 0 0 0 0 0 0 51+ % 0 0 0 0 0 0

Total 7 5 7 6 7 5

Other: (specify) Big Five Texas LSU Responses

% All Hires From


% All Hires From


% All Hires From


0 to 10% 0 0 1 1 0 1 11 to 20% 0 0 0 0 1 0 21 to 30% 0 0 0 0 0 0 31 to 40% 0 0 0 0 0 0 41 to 50% 0 0 0 0 0 0 51+ % 1 1 0 0 0 0

Total 1 1 1 1 1 1 24. What is the “mid point” (or average) of the salary range for Internal Auditors at your

company based on the following factors? Less Than 2 Years

Experience 2 to 5 Years Experience

5 or More Years Experience

Responses

With Certifi-cation

Without Certifi-cation

With Certifi-cation


With Certifi-cation


$30,000 or less 0 0 0 0 0 0 $30,001-40,000 3 3 0 0 0 0 $40,001-50,000 4 4 3 3 0 1 $50,001-75,000 0 0 4 4 4 4 $75,001-100,000 0 0 0 0 3 0 $100,000 or more 0 0 0 0 0 0

Total 7 7 7 7 7 5

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25. What would you recommend for improving college/university curriculum for the benefit of

preparing college/university graduates for the work environment? Response

Number of Responses

Heavy emphasis on soft skills (i.e., interpersonal communications) and appreciation and practical knowledge of using technology to perform exception analysis work. Laos, a “thinking out of the box” (i.e., consulting) course would be beneficial.

1

UNT does great job of hosting practitioners to teach subjects, and providing practical audit experiences at non-profit agencies.

1

Providing more credit for internship. Our company is in the process of looking at utilizing interns in Audit.

1

Soft skills, i.e. Writing reports, memos, and presentation skills such as interviewing /presenting

1

Total 4

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Alumni Survey: 1. Enter Name or Control Number* (8 characters of your choice)

Response

Number of Responses

# of respondents 20 2. Company Name

Response American Airlines Bank One Baylor Health System Citigroup (formerly Associates) City of Denton Commercial Metals EDS Ericson Federal Deposit Insurance Group Fidelity Investments JCPenney Co. Nokia ST Microelectronics The Regence Group TXU Business Services University of North Texas System

3. IIA Chapter Affiliation:

Response

Number of Responses

Dallas 16Fort Worth (Waco) 1Ark-La-Tex 0Austin 0El Paso 0Houston 0San Antonio 0Not affiliated with any chapter (Go to #4) 1

Total 18

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4. Your involvement in the chapter selected in #3: Response

Number of Responses

Member 12Committee Member 3Committee Chair 3Officer 0Board Member 0Past President 0Not a Member of the IIA 2

Total 20 5. Are you currently employed as an Internal Auditor?

Response

Number of Responses

Yes 19Average Years: 6 Mode: 4 Range:

1-3 years 6 4-8 years 9 9-10 years 2 10+ years 2

No 1Total 20

6. Were you ever employed as an Internal Auditor?

Response

Number of Responses

Yes - (5 years) 1No 0

Total 1 7. Are you seeking employment or plan to seek employment as an Internal Auditor?

Response

Number of Responses

Yes 0No 0

Total 0

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8. Indicate certification obtained or certification exams passed: (select all that apply) Response

Number of Responses

Passed part/all Certified Internal Auditor Exam 5Certified Internal Auditor Exam Achieved 6Passed part/all Certified Public Accountant Exam 2Certified Public Accountant Achieved 6Passed part/all Certified Information Systems Auditor Exam 0Certified Information Systems Auditor Achieved 4Passed part/all CFA Exam 0CFA Achieved 0Passed part/all CCSA Exam 0CCSA Achieved 0Passed part/all Certified Management Accountant Exam 1Certified Management Accountant Achieved 0Other: CGFM CGFO CCM

1 1 1

Total 27 9. Did you take a certification review courses?

Response

Number of Responses

University Sponsored 1Company Sponsored 2Professional Organization 6IIA Chapter Sponsored 4Other 1Not Applicable 6

Total 20 10. Did you receive an award on a test for certification?

Response

Number of Responses

Yes – (William Smith Award for the CIA) 1No 19

Total 20 11. Your organization’s industry (check on that applies most):

Response

Number of Responses

Accounting/Legal/Consulting 0

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Manufacturing 2Agriculture 0Non-Bank Financial Services 1Banking 2Not-For-Profit 0Computer/Data Processing Services 1Real Estate/Construction 0Education 1Transportation 1Energy (oil & gas) 0Utilities 1Entrepreneurial 0Insurance 0Government 2Wholesale or Retail 5Health Care 3Other: Financial Telecommunications

1 1

Total 21 12. Your job classification:

Response

Number of Responses

Accountant 0Information Technology 0Auditor 19Legal 0Marketing 0Finance/Risk/Treasury 1Operations 0Other 0

Total 20 13. Your job position:

Response

Number of Responses

Staff 11Supervisor 3Middle Management 4Senior Management 1Executive Management 0Other: Specialist 1

Total 20

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14. Number of employees in your organization:

Response

Number of Responses

Less than 50 051 to 250 1251 to 500 0501 to 1,000 01,001 to 5,000 55,001 to 10,000 2More than 10,000 12

Total 20 15. How do you view Internal Audit?

Response

Number of Responses

A stepping stone into another career path 11Long-term career path 7Other: Both 2

Total 20 16. Number of auditors in your organization:

Response

Number of Responses

Less than 5 56 to 15 216 to 35 436 to 100 6101 to 200 1More than 200 2

Total 20 17. Indicate the year and GPA for each of the applicable levels of education:

Response

Number of Responses

Undergraduate: Average GPA of Respondents 3.4 20Graduate: Average GPA of Respondents 3.5 12Doctorate: Average GPA of Respondents 0

Total 32

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18. Which University did you graduate from? Also indicate your degree classification and major

area of study: Response

Total Number of Responses

Number of Responses

UNT 10 Accounting (U) – 6 Accounting (G) – 1

UT Arlington 4 Accounting (U) – 2UT Dallas 4 Accounting (U) – 4

19. Are you currently pursuing another degree? If yes, please indicate the University and

degree. Response

Number of Responses

UNT – Masters 1Total 1

20. Did your University have any of the following programs? (If no, skip to question #23)

UNT UTA UTD Responses Yes No Yes No Yes No IIA Endorsement 2 1 0 2 0 0IIA Endowment 3 2 0 2 1 4Internships 11 6 0 3 0 3

Total 16 9 0 7 1 7 21. If available, indicate which programs you participated in: (If you answered “No” to each,

skip to question #23) UNT UTA UTD Responses Yes No Yes No Yes No IIA Endorsement 0 2 0 0 0 1IIA Endowment 2 3 0 0 0 1Internships 6 3 0 0 0 1

Total 8 8 0 0 0 3 22. If you participated in a program in #21, do you agree or disagree that the following

contributed to your participation? Responses

Strongly

Agree

Agree


Disagree

Strongly Disagree

University Publication 0 2 2 2 0Professional Organization Publication

0 2 3 1 0

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Professor Recommendation

3 1 0

Specified by Degree Program

6 0

2 1 3 0 1

2 0 1 00 0

Personal Research 0 Other 0 0 0

Total 10 10 3 8 1 23. Indicate which of the following influenced your decision to pursue a career in Internal Audit?

(If you answered “No” to questions 20 &21, select “Did not apply” where appropriate.)

Did Not

Apply

Strongly

Agree

Neither Agree Nor

Disagree

Disagree

Strongly Disagree

Responses

Agree

Endowment 13 0 1 2 1 Endorsement 0 1 0 0

013 3

Internship 11 3 2 1 0Professor 3 5 6 0 2

0 2

Other University Activities

4 1 5 3 4 0

Professional Organizations

4 7 4 2 0

1 10 1 0 Other: Past experience with internal auditors

0

Personal Interest 7 00 1 0 0 0 0

Other: Flexible Hours 0 0 0 00 0 0 0

Other: Already worked for JCPenney

1 0 Other: Beta Alpha Psi 1 0

0 1 0 0 0 0

Other: Forensic Accounting Interest

0 1 0 0 0 0

Other: Internship Mentor

0 1 0 0 0 0

Other: Prior Supervisor 0 0 1 0 0 049 24 31 16 7 2Total

24. Indicate which of the following were helpful in obtaining an Internal Auditing position?

Responses

Did Not

Apply

Strongly Agree

Agree

Neither Agree Nor

Disagree

Disagree

Strongly Disagree

Endowment 13 0 2 1 0 0Endorsement 13 0 3 1 0 0Internship 11 6 1 1 0 0

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Professor 6 4 3 3 0 2Other Activities 5 2 4 3 3 1Professional Organization 5 2 4 5 0 2Personal Interest 3 9 6 0 0 0Other: Prior Experience 2 1 0 0 0 0

Total 58 24 23 14 3 5 25. Do you feel your participation in the programs contributed to you obtaining a better

position/salary? Responses

Did Not

Apply

Strongly Agree

Agree

Neither Agree Nor

Disagree

Disagree

Strongly Disagree

Endowment 14 0 0 4 0 0Endorsement 12 0 0 4 1 0Internship 11 3 2 2 1 0Professional Certification

3 4 8 2 1 0

Other: Student Member of IIA

2 1 0 0 0 0

Other 2 0 0 0 0 0Total 44 8 10 12 3 0

26. How would you overall rate the following programs:

Responses

Did Not

Apply

Very Satisfied

Satisfied

Neither Satisfied Nor Dis-satisfied

Dis-satisfied

Strongly

Dis-satisified

Endowment 13 0 2 2 0 0Endorsement 13 1 2 1 0 0Internship 11 6 1 1 0 0Professor Effectiveness 1 10 5 1 1 0Other: If professor effective means teaching ability and knowledge then

2 1 0 0 0 0

Other 2 0 0 0 0 0Total 42 18 10 5 1 0

27. Does your company offer education reimbursement?

Response

Number of Responses

Yes 15No 4

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Total 19 28. Does your company pay for your training and professional certifications?

Response

Number of Responses

Yes 20No 0

Total 20 29. Do you agree that your overall educational experience adequately prepared you for your

career in Internal Audit? Responses

Strongly

Agree

Agree


Disagree

Strongly Disagree

Undergraduate 3 11 4 2 0Graduate 7 4 0 2 0Doctorate 1 0 0 0 0

Total 11 15 4 4 0 30. What university courses, programs or activities provided you with the best tools to prepare

you for your career in Internal Audit? Response

Number of Responses

Intermediate & advanced accounting and audit courses because these are the basics in accounting and audit fundamentals.

1

Internal audit, Accounting theory, Business policy - These courses are the ones that gave me the tools to think beyond the box. They go beyond the mechanics and provide the best basis for decision making.

1

Internal Audit courses in Graduate School 1Dr. Clay's courses on Internal Audit and Audit Evidence 1Internal Audit Class - provided tools to be a good internal auditor. Technical writing class

1

Internal Audit graduate class and undergraduate audit classes 1Being a finance major, I was not able to participate in audit classes because they were for Accounting majors only. (Yes I did inquire and even tried to take the IA class for no credit!!!) The hands on experience that I gained from my internship is what best prepared me for my career in IA. Also, I would really love to see an audit program similar to LSU's in the area because audit is not JUST FOR accounting majors!!!

1

Course on Accounting Control Systems. We reviewed basic accounting cycles such as receivables, payables, treasury, etc. Learned flowcharting and the use of this tool to identify control procedures and control design weaknesses.

1

Practical experience gained through case studies in the graduate level 1

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Internal Auditing class. CPA Exam - this exam tied all the courses taken in school together to form a cohesive understanding of accounting practices and theory.

1

Use of computer statistic programs (SAS) 1Audit Classes - Gave more real world applications than other Accounting Classes

1

English and Computer related courses. Both classes teach a skill set that I use every day in my job.

1

Business and accounting, strategic planning - overall business knowledge 1Audit Evidence in Graduate School gave "hands on" experience in conducting an actual audit.

1

Total 15 31. a. Would you recommend the audit course or programs to aspiring students?

Response

Number of Responses

Yes UNT 8 UT Arlington 4 UT Dallas 4

16

No 0Total 16

31. b. Explain.

Response

Number of Responses

Basic accounting & audit knowledge is need before on the job experience. Businesses move to quickly to learn everything from a job.

1

Great instructor (Dr. Clay), and a solid education that can lead to many opportunities.

1

Give you a early look at the internal audit process, workpapers, etc. 1For those students who want to pursue a job in internal audit should take the graduate internal class. Not only is the class helpful, but the class audit project was worthwhile.

1

If UNT had a program that was open to students with all different backgrounds, I think there would be a lot more participation in the audit program!!!

1

I'm not sure what this question means. I did not take an Internal Auditing course but I was required to take Auditing. The basic Auditing course was really designed for public accounting. It was pretty intuitive and seemed too basic to me. The main focus of the course seemed to be preparation for the CPA exam (standards). There was more that could have been gained from the course such as sampling, audit evidence, etc. More hands on meaningful discussion

1

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instead of reviewing in an afternoon. It is good for both accounting types and those that want to go into management because it teaches how to control a business.

1

It's a great way to experience a different side of accounting. 1It was a required class 1

Total 9 32. What programs (if any) could the University have offered to better prepare you for your

career in Internal Audit? Response

Number of Responses

International accounting 1Being a finance major, I was not able to participate in audit classes because they were for Accounting majors only. (Yes I did inquire and even tried to take the IA class for no credit) The hands on experience that I gained from my internship is what best prepared me for my career in IA. Also, I would really love to see an audit program similar to LSU's in the area because audit is not just for accounting majors. If UNT had a program that was open to students with all different backgrounds, I think there would be a lot more participation in the audit program.

1

More practical audit sampling/results analysis. 1I believe the University offered the things that would have better prepared me but I also believe these classes were typically associated/offered with the Masters programs. The Masters program allowed specialization in Internal Audit for example. If I had it to do over again, I would have liked anything related to audit technique/procedure: Control Models, advanced flowcharting, workpaper documentation, sampling methodologies and application, use of tools such as ACL, how to write an audit program (audit objective, risk methodology).

1

A formal internship program accompanied with course credit. 1CAATS and Data Access classes 1Internships 2Internal Audit Course / Degree Plan 1Operational auditing (internal - not external) 1Internal audit classes, System Control classes, 2ACL software training--really wasn't available at the time, but is an integral part of my work today.

1

Total 13

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Student Survey: 1. Enter Name or Control Number:

Response

Number of Responses

# of respondents 171Total 171

2. What university are you attending?

Response

Number of Responses

UNT 56, or 32.7 percentUT Arlington 72, or 42.1 percentUT Dallas 43, or 25.2 percentOther 0

Total 171 3. What degree are you seeking?

Response UNT UT Arlington UT Dallas Undergraduate 15 30 16Graduate 39 38 20Ph.D. 0 0 1Other: for CPE’s or to fulfill CPA Exam requirements

2 4 4

Total 56 72 41 4. What is your major?

Response

Number of Responses

Accounting 154Finance 1Information Systems 3General Business 3Other 5

Total 166 5. What is your minor? (leave blank if N/A)

Response

Number of Responses

Accounting 16Finance 3Other: Business Law, Computer Science, Info Systems & Economics 13

Total 32

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6. You are a:

Response

Number of Responses

Freshman 0Sophomore 0Junior 9, or 5.3 percentSenior 69, or 40.8 percentGraduate 86, or 50.9 percentOther 5, or 3.0 percent

Total 167 7. What year do you plan on graduating?

Response

Number of Responses

2001 972002 512003 112004 2Other 9

Total 170 8. What is your GPA?

Response

Number of Responses

Less than 1 01 to 2 02 to 3 303 to 4 138

Total 168 9. Does your university offer auditing courses?

Response Number of Responses Yes 168No - (UTD Graduate – Accounting) 1

Total 169 10. How many auditing courses are offered at your university?

Response UNT UT Arlington UT Dallas 0 0 0 01 to 2 5 11 133 to 4 25 17 105 or more 7 14 3

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Not Sure 19 29 14Total 56 71 40

11. Please list the titles of audit courses offered at your university?

Response

Number of Responses

See Appendix A for courses offered. 0Total 0

12. How were you made aware of auditing courses at your university?

Response UNT UT Arlington UT Dallas Course Bulletin 25 35 23Advisor/Academic Program Coordinator 28 27 12Instructor 2 5 0High School Recruiter 0 0 0College Recruiter 0 0 0Other, included, but not limited to:

Internet Students Degree Requirements Self Interest School Catalog

1 5 5

Total 56 72 40 13. Does your university have an internal auditing program endorsed by the Institute of Internal

Auditors? Response UNT UT Arlington UT Dallas Yes 13 8 2No 0 3 3Not Sure 42 59 34

Total 55 70 39 14. Did you attend this university because it has an endorsed internal auditing program?

Response

Number of Responses

Yes - UNT 1No 62Not applicable 15

Total 78 15. This question was dropped from the survey. See note at the end of the Student Survey.

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16. Does your university have an internal auditing program financially endowed by the Institute of Internal Auditors? Response UNT UT Arlington UT Dallas Yes 11 3 0No 0 3 3Not Sure 44 62 31

Total 55 68 34 17. Did you attend this university because it had an endowment program in internal auditing?

Response

Number of Responses

Yes 1 (UTD)No 6Not applicable 13

Total 20 18. This question was dropped from the survey. See note at the end of the Student Survey. 19. How many auditing courses are you required to take?

Response

Number of Responses

0 81 812 273 114 55 1

Total 133 20. Which of the above auditing course have you taken or are currently enrolled?

Response

Number of Responses

Courses 200Total 200

21. This question was dropped from the survey. See note at the end of the Student Survey.

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22. What has been the primary focus of the auditing courses you have taken or are currently enrolled? Response

Number of Responses

External Auditing 68Internal Auditing 157Both 1

Total 226 23. Have you completed any assignments that provide you with practical audit experience?

Response UNT UT Arlington UT Dallas Yes 26 11 17No 27 58 23

Total 53 69 40 24. This question was dropped from the survey. See note at the end of the Student Survey. 25. How many total auditing courses do you plan on taking?

Response UNT UT Arlington UT Dallas 0 2 0 11 to 2 32 56 352 to 3 0 0 03 to 4 19 14 55 or more 2 2 0

Total 55 72 41 26. Do you feel the amount of internal auditing courses offered by your university is:

Response UNT UT Arlington UT Dallas Just enough 40 55 20Not Enough 13 12 18Too many 1 2 0

Total 54 69 38 27. What else in the field of auditing do you feel the university should offer to help you prepare

for your career? Response

Number of Responses

Practical experience 11I/S auditing 5CPA Exam 5Internships 4Fraud 3More Internal Audit focus 3

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More audit classes 3Report writing 2Ethics class 1Not-for-profit accounting course 1Government auditing 1Undergraduate evidence class 1Better counseling on future career goals 1Case studies 1Bring in Big 5 and major corp. internal & external auditors to speak on real world experiences rather than just text

1

Introduce audit software 1Pension audits 1Industry specific 1Expanded practice 1Tax classes 1

Total 48 28. Has your instructor(s) encouraged you to pursue a career in internal auditing?

Response UNT UT Arlington UT Dallas Yes 28 30 14No 9 12 11Some 17 30 14

Total 54 72 39 29. Are you or have you been involved with any internal auditing internship programs?


Total 55 62 41 30. What companies did you work for in the internship program?

Response

Number of Responses

BELO 0The Associates 1Fisk & Robinson 2FWISD 1US General Accounting Office 1

Total 5

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31. When were you involved with the internship program(s)? Response

Number of Responses

Summer 2000 3Spring 2001 2Sept 1999 – Jan. 2000 1

Total 6 32. How did you hear about the specific company’s internship programs?

Response UNT UT Arlington UT Dallas Own Initiative 2 1 1Company Initiative 0 1 0University Initiative 2 1 0IIA 0 0 0Professor 1 1 1Other 0 2 1

Total 5 6 3 33. Did you feel the internship was beneficial?

Response

Number of Responses

Yes 11No 0

Total 11 34. In either case, please explain your answer to #33.

Response

Number of Responses

Learned a lot 3Experience & exposure 1Experience 1See what operational auditing is like 1Apply knowledge 1Didn’t belong in auditing 1

Total 8 35. What field do you plan on going into once you graduate?

Response UNT UT Arlington UT Dallas Internal Auditing 10 4 4External Auditing 8 27 3Accounting 28 34 28Finance 1 2 3

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Other, includes but is not limited to: Academics, Accounting Information Systems, Business Owner, Consulting, Fraud exam, Information Technology, Tax, Unsure

6 3 2

Total 53 70 40 36. Which of the following reflects your career preference?

Response UNT UTA UTD Public Accounting Firm 28 45 17Government/Not-For-Profit 3 3 5Private Industry 19 23 16Other 3 1 2

Total 53 72 40 37. What is your location preference?

Response

Number of Responses

Dallas Metroplex 122Texas (other than Dallas) 16Other states besides Texas 18Outside of U.S. 7

Total 163 38. Are you aware of the Certified Internal Auditor (CIA) certification?


Total 55 70 41 39. a. Have you sat for any parts of the CIA exam?

Response

Number of Responses

Yes 1No 165

Total 166 39. b. If no, do you plan on taking the CIA exam?

Response UNT UT Arlington UT Dallas Yes 18 12 12No 33 57 25Maybe 0 0 2

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Total 51 69 39 40. Does your university sponsor a review course for the CIA exam?

Response

Number of Responses

Yes 4No 32Do Not Know 130

Total 166 41. Does your university belong to a local IIA Chapter?

Response

Number of Responses

Yes 9No 5Do Not Know 148

Total 162 42. Are you a student member of your university’s local IIA Chapter?

Response

Number of Responses

Yes 6No 139

Total 145 43. What activities have you done with the local IIA chapter? (Leave blank if N/A.)

Response

Number of Responses

Attended luncheon meeting 6Taken several courses offered by the IIA 1Attended Student Forum 3Attended seminar 1

Total 11 44. What do you like about the Internal Audit program at your school?

Response

Number of Responses

Exposure to Internal Auditing 1Get more knowledge about auditing 2My instructor gives it life 1

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You get some practical experiences through group projects 2Allow me to know more about the career opportunities in accounting 1Can be useful for CPA exam 2Different 1Everything 1Group work 1Our instructor will read in auditing 1Professor 3Pulls all accounting courses together. Glue 1Real life experience 1That it is offered 1The amount of detail covered 1The awareness level of security in such a high tech environment. 1The non for profit audit 1Would be an asset 1

Total 23 45. What would you improve about the Internal Audit program at your school?

Response

Number of Responses

Look at one actual firm 1Should reflect the auditing practice 1More awareness 1I think internal audit should be introduced to students earlier so that they know that that career is an option & will have time to prepare for it. I didn't know anything about Internal Auditing even though I was an accounting major until I was a graduate

1

Get a book that I can understand 1Awareness by student 1Separate class for internal vs. external 1Advertise more 1Have the professor explain & teach - they make us learn everything on our own.

1

More exposure 1More familiarity 1More info. Have not heard much about it. 1Offer more courses & add more teachers 1Practical experiences 1Specific Audit area, such as e-commerce 1

Total 15 46. Would you recommend the Internal Auditing courses/program to others?

Response UNT UT Arlington UT Dallas

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Yes 27 27 21No 5 13 3

Total 32 40 24Reasons for “No” responses included:

No explanations provided.

Don’t know about program. Never taken internal auditing course. Not familiar with Internal Auditing course/program. Not qualified to recommend.

Not interested in Internal Auditing.

Note: Student survey questions 15, 18, 21 and 24 were excluded from the survey due to inconsistent survey responses. Each of these questions were formatted for the respondent to indicate their answer based on a scale of 1 to 5, with 5 being the best. A review of the scaled 1 to 5 responses for questions 21 and 24, along with the typed comments indicated 64% of the comments were opposite the corresponding rating given. Thus all questions with the same rating format were dropped from the survey due to the high error rate seen for questions 21 and 24.

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Faculty Survey:

1. Enter Name or Control Number Response # of Responses 7

Total 7 Total Responses

2. What university are you currently a professor for: Response # of Responses UNT 3SMU 0UT-Arlington 2UTD 2Other 0

Total 7

3. What curriculum are you currently teaching under? Response # of Responses School of Accounting 4School of Auditing 0School of Finance 0School of General Business 1Col. of Business Admin. 2

Total 7 4. How many students are in your audit class?

Qty Range # of Responses 9 120-30 480 2

Total 7 5. What does your prior work experience (non-professorship) include?

Response # of Responses Accounting 1Finance 0Internal Auditing 3Government 2Public Accounting 7Tax 0Outsourced Internal Audit 0

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Transportation 1Manufacturing 0Consulting w/m Pub. Acct. 1

Total 14 6. If you had internal audit experience, how many years were you in the profession?

Response # of Reponses 1-5 26-10 011-20 121-30 031 + 0

Total 3 7. Are you a CIA?

Responses # of Reponses Yes 0No 7

Total 7 8. Are you a member of the IIA?

Response # of Responses Yes 4No 3

Total 7 9. What is your teaching schedule at the university?

Response # of Responses Full time 5Part time 2

Total 7 10. If you are part-time, what is your current profession?

Response # of Responses Accounting 0Finance 0Internal Auditing 0Government 0Public Accounting 0Tax 0Outsourced Internal Audit 0Manufacturing 0Transportation 0

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Consultant 0Other – Financial Services Other – Semi-retired

1 1

N/A 0Total 2

11. Do you teach any auditing classes?


Total 6 12. If yes to #11, please list the classes you teach which discuss internal auditing:

Response # of Responses Refer to Appendix A

Total 13. Please indicate the title of the resource material(s) and/or course requirements used in #12

above: Response # of Responses Textbooks 6Case study 7CIA review 1Video 5Computer assignments 4Study aids 1Seminars 0IIA meetings 2Other 2

Total 28 14. What is the primary focus of the auditing courses you teach?

Response # of Responses Practical 2Strategical 1External 3Theoretical 1Operational 0Internal 0Practical/Theoretical 4Strategical/Operational 3External/Internal 3

Total 17

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15 a. Does the university have a Student Affiliate Chapter of IIA?


Total 7b. If No to 15a, do you feel there is an interest to start one? Response # of Responses Yes 1No 4

Total 5 16. Do you attend the monthly IIA meetings or luncheons of the local IIA Chapter?


Total 7If yes, how many times per year? Response # of Reponses 2-3 24-6 2

Total 4 17. Do your students attend the monthly IIA meetings or luncheons of the local IIA Chapter?


Total 4If yes, how many times per year? Response # of Responses 1-2 3

Total 3 18. Is this a requirement of the course curriculum?


Total 7If yes, describe: Attend luncheon 1Course requirement 1

Total 2

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19. Has the local IIA chapter provided speakers during the most recently completed semester? Response # of Responses Yes 2No 4Not sure 1

Total 7If yes, how many? 4

Total 4If yes, percent related to Internal Auditing?

100%

Total 100% 20. Has the local chapter assisted in placing student interns during the most recently completed

semester or in jobs upon graduation? Response # of Responses Yes 1No 3Don’t know 1Probably 1

Total 6If yes, how many? 3

Total 3 21. Please describe any significant changes in your internal auditing courses or programs within

the last academic year. Response

Number of Responses

Updates with emerging technology along with student assignments of e-sac from IIA.

6

Dropped operational auditing from degree requirement 1See Professor R Clay 3

Total 10 22. What would you like to do, but do not have the support or resources for?

Response

Number of Responses

Have lots of external resources including Big 5. Have worked extensively in using various IIA materials.

1

Offer another graduate course 1This cannot be answered in one line of a survey form 1Needs are too numerous to list 1

Total 4

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23. What roadblocks have you encountered in adding to the Internal Audit program? Response

Number of Responses

Enrollments are up this year, but previously this was an issue. 1We do not have enough audit faculty to expand our offerings 1General lack of interest in "auditing" by majority of faculty. Auditing is not a hot research factor, at least is not perceived to be. And we have in general a research oriented faculty.

1

None 1Funds to hire qualified faculty to have a good program

Total 4 24. Have IIA members participated in the development of student IIA programs or internal

auditing courses? Response # of Responses Yes 3No 1

Total 4 25. If Yes to #24, was that participation beneficial to the university and the student body?


Total 3 If yes, please explain?

Expansion of course 1Total 1

26. Do you have qualities or characteristics that are unique to your curriculum?


Total 6 If yes, please specify.

Response

Number of Responses

Being an IT Audit Course. 1High focus on information management and especially as it relates to the Telecom industry.

1

Ability for persons to gain a specialized knowledge base for internal and external auditing

1

Exceptional historical CPA exam pass rates 1Total 4

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University Survey: Please refer to information provided in Appendix A regarding the three different universities.

91




Board Survey: i. Name:

Response

Number of Responses

# of Responses 6Total 6

ii. Chapter:

Response

Number of Responses

Dallas IIA Chapter 6Fort Worth IIA Chapter 0North Texas ISACA Chapter 1Other 0

Total 7 Inception of the UNT Endowment Program 1. Was your chapter a founding organization? If yes, what was your chapter’s involvement?

(i.e. initiation, fundraising, and contract development) Response

Number of Responses

Yes 5No No Response 1Comments: The chapter was the founding organization for the UNT Endowment Program. The chapter’s involvement was with all functions from program initiation, fund raising, contract development, furnished speakers, and organized an advisory group to monitor the program. The Dallas Chapter drove the entire process.

Total 6 2. What was the process for selecting UNT for the endowment?

Response

Number of Responses

A local School with a good accounting program and faculty member who was active with the chapter.

5

Wasn't involved in this process. 1Total 6

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3. What was the process for obtaining funding? Response

Number of Responses

A campaign fund-raising consultant for charitable organizations provided initial guidance. Fund raising started with local chapter and progressed to companies and foundations. Personal and corporate donations/sponsorships were solicited from Board members, employers of all IIA chapter members, IIA Dallas members, Ft. Worth ISACA and raffle tickets.

6

4. What roadblocks did you encounter?

Response

Number of Responses

Fundraising took a lot of time and effort. 1Getting some final commitment from the university, what the dollar amount was going to be and getting the money.

1

Struggles getting the school to allocate funds to the proper endowment.

1

Don’t know 2No Response 1

Total 6 UNT Advisory Board Members 5. Are you also a UNT Advisory Board Member?

Response

Number of Responses

Yes 6No 0

Total 6 6. How long have you served as UNT Advisory Board Member? (years)

Response

Number of Responses

Years: • •

1-2 years 3-4 years

3 3

Total 6

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7. As a member, what were your major objectives for the Endowment Program? Response

Number of Responses

To provide meaningful education and experience opportunities for the students through help from practitioners by helping teach the course, intern programs, up to date course material, ongoing community service projects involving the students, and involving the students in research.

2

Assist Dr. Clay with course and advise him of needed skills etc by IA departments.

1

Provide for the profession a means of recruiting new individuals to the workforce.

2

Total 5 8. What would you say are the major accomplishments?

Response

Number of Responses

Practitioners are now teaching 5 sessions of the class ( which is 13 sessions ), the community service project is very successful, interns are provided, and the research is beginning to take shape although it needs to be expanded.

1

Not sure how much was done by the Advisory Board versus the Dallas Chapter, but moving it from an "Endorsed Program" to "Endowed Professorship".

1

Full funding for the professorship and the community affairs project, which is a joint effort between students and the chapter each year.

1

Major accomplishment was the funding. Related to the accomplishments of the program, the program has not gained students and has not achieved the status that you would hope for with the level of funding that has been achieved.

1

No Response 2Total 6

9. What advice would you give for maintaining a program?

Response

Number of Responses

Be involved with the university and be sure you have a good up-front understanding what is all involved in setting up the program and maintaining the program. Have to have a solid agreement, so rules don't change while the endowment is established.

2

I really am not qualified to answer this question. 1To determine the support to be provided by the university going forward, how to measure, and how to stay involved. Spend for more up front meeting with all schools. I might also 1

1

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encourage them to maintain tighter control over spending to maintain what they do with the money. At this point in time the Chapter has less influence on what it can do with the funding. No Response 2

Total 6 General 10. What were the chapter's expectations for the program?

Response

Number of Responses

See 7 above 1To establish a program at UNT very similar to the program at LSU. 2More students interested in a career in internal audit and better prepared (skills) for the profession.

2

To better serve student members, and chapter organizations for staffing.

1

Total 6 11. Have those expectations been met? If no, please explain why?

Response

Number of Responses

Yes 3No 2No Response 1Comments: The chapter needs to bring members up-to-date where this program stands (including internships). As part of that, the chapter needs to decide if expectations were accomplished. Student growth may not be present.

Total 6 12. What are the greatest strengthens of the program?

Response

Number of Responses

It takes practitioners to really drive the things that we are trying to do and we are achieving that and hopefully will get better now that fund raising is over and we can focus more attention on fine tuning the education program.

1

I think it is something the chapter can be proud of because it was a major accomplishment. I think it got members involved. It also introduced students to a different field of study that they may not have given much thought about before the program.

1

Enthusiastic faculty and adequate funding. 1Internal auditing internships. 1

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Community Involvement. 1Financial. Also, support of people from the chapter to teach and assist with classes has been great.

1

Total 6 13. What would you add or change about the program?

Response

Number of Responses

More classes in internal audit subjects added to the curriculum. 1My understanding is that it is being scaled back and becoming part of the Accounting program at UNT rather than a separate concentration. With that it is becoming an elective within the Accounting concentration.

1

University support and recognition. 1Dallas has a number of other Universities that either have internal audit endorsed programs (UTA) or have strong Accounting programs that are growing.

1

No Response 2Total 6

14. Does the Board have any input in the development of the program? If yes, please explain:

Response

Number of Responses

Yes 6No 0Comments: The board has been instrumental in bringing some of the innovations and being a liaison with the Dallas IIA chapter to get the help to get the job done.

1

The Board has an advisory committee. 1Limited input, but Advisory Board members are in many cases members of the Board.

1

Consultant role. 1The Board reviews funding, curriculum, and encourages intern program.

1

The board itself has helped in making presentations to the internal audit class and some minor input to the class itself. The board has not had any impact at the higher level of actually looking at course offerings and expanding the like.

1

Total 6

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15. What do you see as the main objective for establishing the program? Response

Number of Responses

The endowment gives us the ability to have more say in the education program and to do the things discussed in 7 and 8.

1

Benefits the internal audit profession. Early on it lets students know there is another auditing profession vs. Big 5. Corporate America benefits because graduating students understand what internal audit is about and if hired in that role can become productive much faster.

1

Increased interest in a profession in internal audit by students. 1To provide funding and input to the Internal Audit focus we seek. 1Ongoing support of internal audit as profession and alternative for students.

1

To provide for a world class development of internal auditors and supply companies with students trained to meet their needs going forward.

1

Total 6 Conclusion 16. Would you recommend implementing a program? Why or Why not?

Response

Number of Responses

Yes 5No 0No Response 1Comments: It gives the audit community an opportunity to have an impact on the education of internal audit students and expand and improve the profession at a grass roots level.

1

I don't think this can be a yes or no question. The answer depends on the organization. Do they think they have the resources to it - time, people, and financial resources to get the endowment established. Also this is not a short-term project, the organization and its members must be willing to stay involved for the long run. I think within our Chapter initially there was a lot of excitement, but as the process drew out and getting all the money needed, excitement was lost and so was involvement.

1

I have been impressed with the number of students participating and the quality of the students. This program does increase interest and provide more auditors to businesses.

1

It offers great opportunities to the students to gain knowledge and interest in the internal auditing profession.

1

For the benefits to the local companies, students, and community. 1I would recommend implementing such a program I would give them 1

97




the money with the condition they live up to certain expectations. Total 6

17. What advice would you give another organization or chapter?

Response

Number of Responses

Be prepared for the work – raising the money is not easy. It takes dedicated individuals who have the support of their management and who are willing to see it out to the end.

1

Do it! Don't give up. It takes a long time to raise the money. Stay involved with the school and the professor.

1

See above comments on support from the school. 1Be sure you get what you want prior to giving them the money. 1

Total 4

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APPENDIX C Bibliography

Academic Relations Manual. Altamonte Springs: The Institute of Internal Auditors. January 2000.

Albrecht, W. Steve, and Robert J. Sack. Accounting Education: Charting the Course through a

Perilous Future. Sarasota: American Accounting Association, 2000. Anzaldua, Ric, et al. Fact Book 2000-2001. Denton: Office of University Planning. 16-18, 115. Bazis, Al, and John Frenzel. Memorandum to UNT Advisory Board. 8 June 1999. Beran, Dennis K., Everlyn Brown, and Raymond J. Clay Jr. “Internal Auditing Internships.”

Internal Auditor (December 1993): 63-65. Clay, Raymond. E-mail to Vanessa Dennis, 14 December 2000. Clay, Raymond. Letter to Aaron Saylors, 2 October 1990. Clay, Raymond. Various Personal Interviews. January through April 2001. College of Business Administration – Student Headcount. Arlington: University of Texas at

Arlington. 2001. Competency Framework for Internal Auditing -- CFIA, Competency: Best Practices and

Competent Practitioners. Altamonte Springs: IIA Research Foundation, as of April 2001. (reprinted with permission on JCPenney Internal Audit website).

Coppenger, W. J. (District Director of the Internal Revenue Service). Letter to A. M. Willis, 5

December 1972. Crumbley, D. Larry, and Glenn E. Summers. “How Businesses Profit from Internships.” Internal

Auditor (October 1998): 55-58. Dallas/Fort Worth Chapters of the Institute of Internal Auditors D/FW IIA Professorship in

Internal Audit – Memorandum of Understanding. Dallas and Fort Worth Chapters of the Institute of Internal Auditors and University of North Texas, March 1993.

“Degree of Excellence Campaign in Phase Two.” IIA Today January/February 1993. Degree of Excellence Campaign Institute of Internal Auditors (pledge card). Dallas: Institute of

Internal Auditors, 1992. Educator’s Handbook. Altamonte Springs: The Institute of Internal Auditors. January 2000. Henry, Linvol G., and Eldon C. Lewis. “Year One of an EIAP Program: An Experience to

Share.” IIA Educator Fall 2000. 10-11, 15.

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"IIA Cites Organizations for Commitment to Quality." IIA website's The IIA at a Clance, June 1999.

Importance of Internal Auditing. Denton: University of North Texas, Accounting Programs

Office, 2000. Internal Auditing: Master of Science Degree in Accounting. Institute of Internal Auditors

Endowed Professorship Fund – University of North Texas, 1992. Jackson, J. Letter to University of North Texas (in care of Richard Rafes), 11 October 1988. Jeckerd, Robert. Letter to Fellow Executives, 10 December 1992. Massey, Ray Nell, editor. Accounting Monthly Update. Denton: University of North Texas

Accounting Department. November 1998, January 1999, April 1999, and September 1999

Masters of Science in Accounting: General Information for Graduate Students. Denton:

Department of Accounting at University of North Texas, November 1999. "North Texas Professor Named IIA's 'Educator of the Year'". IIA website's The IIA at a Glance,

June 1999. Pannell, Nancy. Various Personal Interviews. April 2001. Reding, Kurt F., Alison Blackmore, and Stacy Boyd. “Critical Success Factors to Launching an

Endorsed Internal Auditing Program.” IIA Educator Fall 2000. 6-7. Taylor, Martin. Various Personal Interviews. January through April 2001. "Texans Recognized as Exceptional IIA Volunteers," IIA website's The IIA at a Glance. June

2000. “Texas Rewards UNT’s ‘Degree of Excellence.’” IIA Today July/August 1992. 7. “$350,000 UNT Endowment Announced.” IIA Educator Summer 1997. 1. Townsend, Debbie. Various Personal Interviews. February through March 2001. University of North Texas. Graduate Catalog. Denton: Office of Public Affairs and Information

Services, 2000-2001. University of North Texas. Undergraduate Catalog. Denton: Office of Public Affairs and

Information Services, 2000-2001.

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University of Texas at Arlington. Graduate Catalog. Arlington: Publications Department of the University of Texas at Arlington, 1999-2001.

University of Texas at Arlington. Undergraduate Catalog. Arlington: Publications Department

of the University of Texas at Arlington, 2000-2002. University of Texas at Dallas. Graduate Catalog. Dallas: Information Resources, 2000-2001. University of Texas at Dallas. Undergraduate Catalog. Dallas: Information Resources, 2000-

2001. UNT Internal Audit Advisory Board. Bylaws Terms and Memberships. November 1992

(amended September 1997). UNT Professorship Advisory Board. “Meeting Notes.” Dallas/Ft. Worth, Bi-annual: March

2000; March and September 1998; March , May,and September 1997; April 1996; March 1994; March and October 1993.

“UNT’s Clay Named IIA Educator of the Year.” IIA Educator Fall 1999: 1, 13. www.DallasIIA.org, Dallas Chapter of the Institute of Internal Auditing web site, as of April

2001. www.ISACA.org, Information System Audit and Control Association Foundation web site, as of

April 2001. www.ISACANTX.org, North Texas chapter of the Information System Audit and Control

Association Foundation, as of April 2001. www.theIIA.org, Institute of Internal Auditing web site, as of April 2001. www.usnews.com/usnews/edu/college/corank.htm. U.S. News online--2001 College

Rankings web site, as of April 2001. www.UNT.edu, University of North Texas web site, as of April 2001. www.UTA.edu, University of Texas at Arlington web site, as of April 2001. www.UTD.edu, University of Texas at Dallas web site, as of April 2001. Wygal, Robert. E-mail to Sharon Beard, 23 April 2001. Wygal, Robert. Letter to John Adams, Chairman of the Board and CEO of Texas Commerce

Bank. 10 January 1996. Wygal, Robert. Various Personal Interviews. April 2001.

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http://www.dallasiia.org/

http://www.isaca.org/

http://www.isacantx.org/

http://www.theiia.org/

http://www.usnews.com/usnews/edu/college/corank.htm

http://www.unt.edu/

http://www.uta.edu/

http://www.utd.edu/



APPENDIX D Research Committee Profiles

Sharon Beard, CPA – This is Sharon’s first year to serve on the Research Committee and first time to Co-Chair the committee. Sharon is a Project Manager in JCPenney’s Internal Audit Department focusing on Catalog, Logistics, Internet, and Furniture. She has a total of 6.5 years of audit experience, which further includes Store Operational/Compliance auditing for the Northeastern United States and Real Estate/Construction auditing. Sharon has a BS degree in Accounting and Business Administration from The College of Charleston in Charleston, SC. In addition to her work on the Research Committee, Sharon also served as Co-Chair of the 1999/2000 Reservations Committee. Vanessa Dennis, CPA – This is Vanessa’s first year to serve on the Research Committee and first time to Co-Chair the committee. Vanessa is a Project Manager in JCPenney’s Internal Audit Department focusing on Catalog, Logistics, Internet, and Furniture. Vanessa’s audit experience also includes Store Operational/Compliance auditing for the Southwestern United States, Merchandising and Support Services auditing, and specialization in Non-resale Purchasing, Furniture, and Logistics auditing. Vanessa has a BA degree in Business Administration with a concentration in Accounting from Texas Tech University and an MS degree in Accounting with a concentration in Auditing from the University of North Texas. Lori Cannafax – Lori provided administrative assistance for the Research Committee and is thus honorary member of the Research Committee. Lori currently works as a Senior Administrative Support at the JCPenney Company Home Office in the Internal Audit Department. Lori has a total of 6 years experience in supporting Catalog, Logistics, Internet Auditing, Business Process Review Team, Real Estate/Construction Auditing, Store/Field Auditing, and Human Resources and Administration Auditing. Prior to her current position, Lori had over 26 years experience in various divisions of the Company, which includes Catalog Distribution Center, Accounting Center, Retail Store, and Women’s Merchandising. In addition to her work on the Research Committee, Lori also served as Co-Chair of the 1999/2000 Reservations Committee. Stan Ellis, CPA, CFE – This is Stan’s first year on the Research Committee. Currently, he is the Assistant Audit Manager for Texas Lottery Commission, Charitable Bingo Division, Dallas Regional Office. Prior to his employment with the Texas Lottery Commission, Stan was employed with Daryl Flood Warehouse & Movers Inc. (Transportation Industry) as an Accounting Manager Trainee and Gambia Produce Marketing Board (a multi domestic import/export corporation in The Gambia, West Africa) as an Internal Auditor. Stan earned his BBA degree in Accounting from the University of Texas at Arlington. Tarazeta Huntley, CIA, CISA – This is Tarazeta's second year on the Research Committee and membership in the Chapter. Currently, she is a Program Director for Citigroup with audit planing responsibilities for portions of the North America Consumer Lending Group for the Audit and Risk Review Unit. Prior to her existing two years in Audit, Tarazeta worked for The Associates (which was recently acquired by Citigroup) for seven years with a background in management and process design for a centralized servicing operation. Tarazeta earned her BS degree in Accounting from The University of Texas at Arlington. In addition to her work on the Research Committee, Tarazeta is also a committee member of the IIA Academic Relations Committee and the Community Service Committee.

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APPENDIX D Research Committee Profiles

Mike Kennedy, CIA – This is Mike’s first year as a member of the Research Committee. Mike is Senior Project Manager in JCPenney’s Internal Audit Department focusing on Catalog, Logistics, Internet, and Furniture. Prior to his current position, Mike had over 20 years experience in various assignments in JCPenney Catalog. Mike earned his BA degree in Economics from Queens College, C.U.N.Y. and MS in Management and Administrative Sciences from the University of Texas at Dallas. In addition to his work on the Research Committee, Mike is co-chair of the Dallas Chapter IIA CIA Certification Committee. Steve Lantrip, CISA – Steve has been a member of the Research Committee since 1995. He has over twenty-five years of diversified audit experience. Currently, he is a Senior Auditor for the Army Air Force Exchange Service and performs worldwide audits, with particular focus on advanced information technology (IT) audits. He develops and instructs non-IT auditors on IT basics. Prior to that, Steve assisted in originating the IT audit function at Zale Corp. Steve has his BBA degree from The University of Texas at Austin. He helped start the North Texas Chapter of the EDPAA, which is now the Information Systems Audit and Control Association and is a current member of The Institute of Internal Auditors. Bob McCall, CIA, CISA – This is Bob’s second year on the Research Committee. Bob is Dallas IIA Chapter’s webmaster and he programmed our surveys on the Dallas IIA Website. He is currently a Senior Project Manager in JCPenney’s Internal Audit Department in Clearwater, Florida. Bob began his career with JCPenney in Store Merchandise Management. Within Auditing, he has worked in several areas such as Store/Field Auditing, Merchandising Auditing, Training & Development, Store Systems Auditing, and Store Systems Implementation. Bob transferred to Clearwater, Florida in May 2000 to audit JCPenney’s subsidiary, Eckerd Drugs. Bob has a BA in Communications from Temple University in Philadelphia.

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