Inside this issue:

President’s Message 1

The Lansing Courier

T h e I n s t i t u t e o f I n t e r n a l A u d i t o r s

O c t o b e r 2 0 1 5 * V o l u m e 1 6 I s s u e 1 0

Editor: Melanie Myjak The Lansing Chapter of the Institute of Internal Auditors www.theiia.org/chapters/Lansing

A Message From Our President

Lansing Chapter Members,

I hope that everyone thoroughly enjoyed the September breakfast meeting.

Unfortunately, I was unable to attend, but from what I have heard, it was very well

attended and received! Thanks to Bill Edwards for his intriguing presentation on

Internal Fraud. The slides are available under the Members Only tab on the chapter

website.

There are some very exciting things happening with the Chapter this month and I

want to take a little time to share these quickly, as you can read the details in the

pages to follow:

We are looking for a Lansing Chapter Intern! This internship is tied to a scholarship,

which will be granted after a junior board member position term has ended. This

internship will help promote student involvement with the Chapter, and also

encourage a presence in the academia environment within our Chapter’s region. The

application period is until October 31, so please pass the information along to any

eager students you think would enjoy this great opportunity! The full application and

announcement can be found on the Chapter website.

The Skills for Auditor Success training registration is underway! This training will

cover a range of topics and will offer 24 hours of CPE. You can’t beat the cost for the

content offered, and the location of the training is at one of the best facilities in

Lansing. If you have any additional questions on this training, please feel free to

contact myself or Vice President, Kyle Hebert at kyle.hebert@jackson.com

A couple of housekeeping items to mention are if you attended the September

meeting, please be on the lookout for your CPE certificate to be emailed, as well as a

brief meeting survey. We review these surveys for feedback and take them into

consideration for future Chapter planning. There will also be a separate training

registration going on for our lunch meeting in December. This registration will be

handled by Judy Timmermann, in the similar style as registering for our breakfast

meetings. An announcement on this will be coming your way soon.

I hope that everyone has been enjoying the cooler temperatures and fall festivities.

Just remember, we have less than 80 days until Christmas!

Sincerely,

Emily

IIA Lansing Courier • Lansing Chapter, Central Region, District 2 • October 2015

Chapter News 2

New Members 2

Featured Training 3

Calendar of Events 4

Training/Education 5

Feature Article 6

Editor’s Note 7

CAP Report 8

About Us 9

Treasurer Report 10

Member Directory 10

Career Opportunities 11

Scholarship Information 12

Chapter President Emily Crampton

IIA Lansing Courier • Lansing Chapter, Central Region, District 2 • October 2015 Page 2

New

Members

It could be YOU! Add your name as

a member of the Board of Governors

or as a Committee Chair for the Lan-

sing Chapter of the IIA. Be that audit

professional dedicated to promoting the

profession by helping serve the local chapter and its membership.

Take an active role in the chapter. The time commitment is mini-

mal but the rewards are vast! You can earn IIA CPEs too! Help

determine the direction of the chapter and its program offerings

to the membership while expanding your network with chapter

leaders. There are vacancies for a board member and a Commit-

tee Chair.

As a result of the resignation of longtime member, past president

and board member, Shawn Wolbert, a replacement is necessary

for the remainder of her term as a board member. A replacement

is needed until the expiration of the term in June 2016. Shawn

tendered her resignation and has relocated outside of the state of

Michigan. Additionally, the Nomination Committee is in need of

a Chair. The Board appreciates the commitment to those that

serve the chapter and its membership. If you are interested in be-

coming part of the leadership of the chapter, contact a member of

the Chapter Leadership.

The leadership and membership of the Lansing Chapter wel-comes its newest members. We hope to meet each and every one of you at the planned events in this exciting new chapter year. Your first meeting is at no charge! Reach out to a member of the leadership, board or general membership. We are here to serve you!

Information is also available on our chapter website.

The newest members to join our chapter are:

John Bradford; Jackson National Life Insurance Company

Jose de la Rosa Rodriquez; State of Michigan

Roushell Mignott-Nesbitt; Michigan State University

Bradley Sleep; Jackson National Life Insurance Company

Andrew Tracy; Jackson National Life Insurance Company

Featured Leader

Chapter News

One of the missions of the IIA is to

promote the audit profession and en-

courage internal audit education. One

of the ways in which this is accom-

plished is by awarding a scholarship to

a student of a college or university

within the local chapter’s region.

Each year, the Lansing Chapter, in an

effort to further awareness of the pro-

fession, promote student involvement

with the Chapter, and also encourage

a presence in the academia environ-

ment within our Chapter’s region,

awards a $1,000.00 scholarship to one

student.

This year, in addition to the funds, the

scholarship requires service as a junior

board member on Lansing Board of

Governors. The $1,000.00 scholarship

award will help with educational costs

while the internship on the chapter

board will provide valuable experience

working with an association board.

The internship description is on p. 12

of this newsletter and available on the

chapter website with the application.

You’re encouraged to share this infor-

mation with any potential candidates

that may be interested in this great

opportunity!

IIA Lansing Courier • Lansing Chapter, Central Region, District 2 • October 2015 Page 3

Featured Training Opportunity

SKILLS FOR

AUDITOR SUCCESS

There has never been a better time to be an internal auditor, but to reap

the full rewards, individuals need to invest in their own development.

Not only are we trusted advisors to management and the Board of Direc-

tors, but we are also getting long-deserved recognition from all levels of

business professionals and regulators. We need to exhibit the skills to

successfully meet management’s needs and our own requirements for

the practice of Internal Auditing. No matter what your level of experi-

ence is in Internal Audit, this 3 day course will not only meet your CPE

needs, but satisfy your desire to improve yourself and prepare you for

your next promotion.

Topics covered in the training will include:

1. Integrated and operational auditing essentials (definitions, basics, and

tools)

2. Concepts and frameworks for risks and controls

• Business objectives drive risks

• Risks drive controls

• “We’ve always done it that way” isn’t the right response

• Best practices from internal control frameworks

• ERM overview

3. Interviewing techniques (case study)

• Preparing and planning for effective interviews

• Better questions, better responses

• Listening for understanding - Tips, Tricks, and Strategies: Nail-

ing the Interview on the 1st hit

4. Basic principles for effective audit management

5. Managing audit expectations

6. Audit engagement steps, including identifying, analyzing and priori-

tizing audit risks.

7. Assessing the adequacy of the control design.

8. Audit program development

9. Performing and documenting tests of controls and substantive testing

• Audit evidence

• CAATs considerations

• Sampling strategy

Work papers – walkthroughs, narratives, flowcharts

10.Writing and selling audit observations

Earn 24 hours of CPE presented

by Raven Catlin, CPA, CIA,

CFSA, CRMA

October 28 - 30, 2015

Member Price: $960

Non-Member Price: $1060

The training will be held at Jack-

son National Life, in Lansing

MI. Your materials, breakfast,

lunch and snacks are covered in

the registration fee. Don’t wait –

register today!

REGISTER HERE

Provide your name, company,

address, phone, email address

and member number.

Checks can be made out to Lan-

sing Chapter IIA and mailed to:

Lansing Chapter of the IIA

P.O. Box 216

East Lansing, MI 48823-0213

IIA Lansing Courier • Lansing Chapter, Central Region, District 2 • October 2015 Page 4

Chapter Calendar of Events

Mon Tue Wed Thu Fri

1 2

5 GOLD SRD Webinar

6 IIA Seminar:

St. Louis MO

7 IIA Seminar:

St. Louis MO

8 IIA Seminar:

St. Louis MO

9 IIA Seminar:

St. Louis MO

12 13 14 15 16

19 20 Members Only

Webinar: FS Fraud

21

22 23

26 27 28 Skills for Auditor

Success

29 Skills for Auditor

Success

30 Skills for Auditor

Success

Mon Tue Wed Thu Fri

2

GOLD SRD Webinar

W.MI ISACA Seminar

3 IIA Seminar:

Chicago

4 IIA Seminar:

Chicago

5 IIA Seminar:

Chicago

6 IIA Seminar:

Chicago

9

10

11 12 13

16 17 Members Only

Webinar: Measuring IA

18 19 20

23 24 25

26

27

30

Education, Training and Certification

2015 & 2016 Conferences & Seminars

Information is available at: https://na.theiia.org/training/conferences/Pages/Conferences.aspx

Drive Your Career Forward with IIA

Global Certifications & Qualifications

Conference Date Location

IIA Seminars October 6—9, 2015 St. Louis, MO

2015 All Starr Conference October 19—21, 2015 Westin Diplomat, Hollywood FL

Super Strategies Conference November 3—4, 2015 Las Vegas, Nevada USA

General Audit Management Conference March 7—9, 2016 Fort Worth, TX USA

Gaming & Hospitality Conference April 6—8, 2016 The Mirage, Las Vegas, NV USA

Central Regional Conference May 1—4, 2016 Nashville, TN USA

International Conference IIA 75th Anniversary July 17—20, 2016 New York, NY USA

Governance, Risk & Control Conference August 22—24, 2016 Fort Lauderdale, FL USA

All Star Conference October 17—19, 2016 The Mirage, Las Vegas, NV USA

IIA Lansing Courier • Lansing Chapter, Central Region, District 2 • October 2015 Page 5

As part of your IIA Membership you have the opportunity to

receive free CPE credits delivered to you through a webinar

presentation. In the comfort of your own office you can reg-

ister and view webinar presentations brought to you by the

IIA.

Members Only webinars are available at https://

na.theiia.org/training/eLearning/Pages/Members-Only-

Webinars.aspx. Archived webinars are available for on-

demand playback. (CPEs are not granted for archived webi-

nars)

Free Webinars!

An IIA Professional Credential can move your career in the

right direction, whether you’re just starting down the audit

path or taking your career to new heights. Drive to new op-

portunity, with increased earning potential*, deeper

knowledge, and enhanced credibility.

Learn more

*According to The IIA’s 2014 Internal Audit Compensation Study, the average salary

of internal auditors who hold one or more certifications is 30 percent higher than that

of peers with no certifications (based on U.S. responses).

What’s in Store for 2016? Next Year’s Hiring and Salary Trends Revealed

IIA Lansing Courier • Lansing Chapter, Central Region, District 2 • October 2015 Page 6

2015 has tried the patience of finance and account-ing managers looking to hire highly skilled em-ployees, and 2016 is not likely to be much different. To succeed in recruiting and landing top talent, employers need to know what to expect so they can be competitive with incentives and compensa-tion.

The latest resource for finance and accounting hir-ing trends is hot off the presses. Here is a peek at what’s inside the 20 16 Robert Half Salary Guide for Accounting & Finance:

Business is booming. Many companies are ex-panding and launching new initiatives to generate revenue, resulting in a need for skilled accountants and business analysts. The current regulatory cli-mate with its increasingly complex mandates is also driving up demand for finance professionals with experience in financial compliance and healthcare.

Good talent is hard to find. Open finance posi-tions outnumber candidates with the necessary skills. As a result, top applicants often have multi-ple offers on the table, prompting organizations to accelerate the hiring process to increase the chanc-es of landing their top picks.

Good talent is hard to keep. Experienced fi-nance professionals are aware that the market is in their favor. They are confident about exploring other options and do not hesitate to head else-where for better pay and shinier job titles. Employ-ers often make counteroffers in an attempt to re-tain key players, although this retention strategy is usually ineffective and often backfires.

Some positions will be harder to fill than oth-ers. Though demand for most finance and ac-counting employees will continue, the 20 16 Salary Guide indicates the following professionals will be especially sought after:

Accounting managers Business, business systems and financial analysts Compliance officers Information technology auditors Internal auditors Payroll professionals Senior and staff accountants

Starting salaries continue to climb. From entry-level accountants to senior inter-nal auditors, healthy salary increases are likely in 2016. Each of the more than 400 positions listed in the 20 16 Salary Guide is expected to see base compensation rise by 4.0 to 5.3 percent. In response, some employers aren’t just matching the starting salaries offered by the competition; they’re exceeding them to attract the best candi-dates. Use our Salary Calculator to customize the going salary ranges for your city.

Companies are offering perkier perks. Besides boosting starting salaries, many firms and financial institutions are offering sign-on bonuses, merit-based raises and more. They are also enhancing non-wage perks, such as telecommuting options, extra vacation days, relocation assistance, flexible schedul-ing and tuition reimbursement.

Contract workers can cover staffing gaps. Organ-izations continue to rely on skilled contract workers to maintain productivity while searching for full-time hires. Many finance managers appreciate this flexibility, as well as the opportunity to evaluate po-tential candidates in real time on a contract-to-hire basis.

The latest hiring trends are clear: Despite wobbles in the global economy, the search for talented finance and accounting employees remains steady and com-petitive. Consult the 20 16 Salary Guide to see what’s in store for the coming year, and position yourself to meet and exceed potential recruitment and retention challenges.

This article is provided courtesy of Robert Half Man-agement Resources, the premier provider of senior-level accounting, finance and business systems profes-sionals to supplement companies' project and interim staffing needs. The company has more than 150 loca-tions worldwide and offers online job search services at www.roberthalfmr.com. Follow our blog at blog.roberthalfmr.com.

A Note From the Editor

IIA Lansing Courier • Lansing Chapter, Central Region, District 2 • October 2015 Page 7

Overcoming Stigmas We are all susceptible to having preconceived ideas about a lot of things. It isn’t until we experience that very thing or have someone demonstrate some-thing contrary that our opinions start to change. We begin to understand that the nature of what we may have heard is simply not always reality. This is true for the perceptions that people have about auditors.

In a recent blog, IIA President and CEO Richard Chambers made an interesting point about the overwhelmingly misguided perception of internal auditors. Chambers noted that at the recent Financial Services Exchange, hosted at the IIA Financial Services Audit Center, a guest speaker referred to internal audi-tors “checking boxes.” As you can imagine this solicited a collective wince from the audience. Chambers re-called an experience of his own some years ago while meeting a member of the U.S. Congress who referred to auditors as ’bean counters.” Chambers replied, “We used to count the beans, but today's internal auditors are more apt to be examining how the beans are grown, how they are harvested, and how they are taken to mar-ket."

How true that is! We are not charged with only ensuring an accurate count. We add value to our organiza-tions in a multitude of ways. We help identify risks to objectives, provide guidance on the effectiveness and efficiency of operations, assist with the protection and safeguarding of assets, etc. etc. The list continues. We can provide immeasurable value to our organizations when we apply our autonomous perspective.

There lies the challenge. How do we best convince others of our value? How do we overcome the stigma of only being bean counters or worse yet, fault finders? It is only through our interactions with those we serve that we can demonstrate our true value. We are independent, objective collaborators. We can, and must, im-press upon them that we seek to make recommended improvements and provide guidance in the best inter-est of our customers, clients, members, vendors, communities, fellow employees, boards and other stake-holders.

I must confess, before I joined this insanely challenging profession, my perception of auditors was misguided. It was only after digging in and understanding the objectives and goals of the profession did I understand its true mission and value. We, as audit professionals, must demonstrate in every interaction we have with our stakeholders that we add value and are our goal is to help identify weaknesses that impact our organizations, customers, communities and the like. We must to do a better job of tearing down the preconceptions and begin building new understanding and appreciation for our roles and contributions within our organizations.

Regards,

Melanie

Warning: The following comic may be construed as offensive; reader discretion is advised. (But, it’s funny!)

Chapter Achievement Program (CAP)

CAP Progress Report

Do any of your internal audit activities earn Chapter Achievement

Program (CAP) points for your Lansing Chapter of the IIA? What is

CAP, why is it important and what can you do to help?

The Chapter Achievement Program (CAP) is designed by the Institute

of Internal Auditors to guide chapters for developing quality programs

and completing administrative duties to ensure it is meeting its

obligations to its membership. Points are awarded for each activity

based upon the activity in accordance with IIA guidelines. The goal is

to provide valuable professional activities and development

opportunities to the membership and earn CAP points while doing it!

Certain activities that are conducted by membership may qualify. If

any of your activities qualify or you would like to know whether they

qualify, please contact Ryan O’Rourke at orourk36@msu.edu.

There are four performance levels that can be achieved.

BRONZE - 685 CAP Points

SILVER - 1,060 CAP Points

GOLD - 1,560 CAP Points

PLATINUM - This is a special level created to recognize

chapters that attain GOLD status for 10 of 11 consecutive years.

QUALIFYING ACTIVITIES

Articles submitted or published in

Internal Auditor magazine

Speaking engagements at chapter

or other IIA meetings

Participation in establishment of a

student chapter of the IIA

Sponsorship of student attendance

at chapter meetings

Participation in a Junior Achieve-

ment (JA) program or activity

Holding Internal Audit Awareness

Month activities (May)

Serving on an International Com-

mittee of the IIA

Writing exam questions for IIA

certifications: CIA, CCSA, CFSA,

CGAP

Other miscellaneous Service to

the Profession activities.

The Lansing Chapter hopes to continue to hold the designation of PLATINUM. CAP points reported in

September 2015 is 440; The goal for CAP points to maintain the current designation is a minimum of 1560

each calendar year. Retaining our status is of great importance, however, it is more important that we offer

the membership valuable services and we as members do our obligatory role within our organizations and

communities by reaching out, educating and proving our value. Be sure to notify Ryan O’Rourke at

orourk36@msu.edu if you have any CAP points to report.

Points are reported to the IIA on the 10th of each month covering three areas:

Service to Members (primarily involves attendance at monthly meetings, conferences and seminars);

Service to the Program (involves areas including Advocacy for the IIA and involvement with Academic

areas such as student groups); and

Chapter Administration (involves administrative reporting requirements from the IIA).

IIA Lansing Courier • Lansing Chapter, Central Region, District 2 • October 2015 Page 8

About Our Local IIA Chapter

Chapter Governance & Leadership

The Lansing Chapter of The IIA was founded in 1979 to provide a varied program of education and networking for its members. The chapter is dedicated to the professional development of its members. The topics offered throughout the year are varied and are focused on helping develop professionalism and strengthen audit knowledge, experience and credentials. We welcome suggested topics or areas of focus that members are look-ing to learn about or improve upon. Let us know; we want to continue offering value to the membership.

Get Involved, In Touch & Stay Connected. Members stay in touch and participate in discussion boards.

LinkedIn is a business-

oriented social network-

ing site, used mainly for

professional networking.

To visit and join The IIA

Lansing Chapter’s

LinkedIn site: Click here

Please visit The IIA Lan-

sing Chapter’s Facebook

here.

Follow us on Twitter too!

GET INVOLVED! VOLUNTEER FOR YOUR CHAPTER!

We are always looking for volunteers to help! Contact any member of the Board for

details.

Join an organization that provides great leadership, training, professional

development and networking opportunities. The Institute of Internal Audi-

tors is the internal audit profession's global voice, recognized authority,

acknowledged leader, chief advocate, and principal educator.

If you or others you may know are interested in joining or want to know

more about the Lansing Chapter, please visit www.theiia.org/chapters/

Lansing or contact Emily Crampton at emily.crampton@ jackson.com.

Board of Governors

Name Term Expires

Sarah Saunders June 2016

VACANCY June 2016

Robert Johnson June 2017

Angela Montgomery June 2017

Melanie Myjak June 2018

Judy Timmermann June 2018

Josh Kirchmeier June 2018

If you would like to attend a board

meeting, please let a board member

know in advance.

Chapter Officers

Emily Crampton President

Kyle Hebert

Vice President

Bill Papanikolas; CISA,CFSA Immediate Past President

Jana Dean; CPA, CIA Past President

Sandy Streb; CPA, CISA, CISM Secretary

Miriam Davenport Treasurer

Committee Chairs

Phil Perkins Audit

Melanie Myjak Communication

Miriam Davenport

Finance and Administration

Ryan O’Rourke, CPA Membership Services

VACANCY Nomination

Sarah Saunders, CIA, CFSA Emily Crampton

Professional Development

IIA Lansing Courier • Lansing Chapter, Central Region, District 2 • October 2015 Page 9

Treasurer Report & Membership Directory

On deposit at the Lake Trust Credit Union as of

09/30/2015:

Savings: $ 5.00

Checking: $ 6981.30

Money Market: $ 4695.86

Total: $ 11, 682.16

The Membership Directory is available under the Members Only tab at

www.theiia.org/chapters/Lansing (You must be signed in to view the

Members Only tab). Please take a minute to review the membership

information listed.

If any changes/corrections are needed please be sure to update your

contact information directly with IIA Customer Service.

Our local chapter official membership records are maintained based on

information that is provided by headquarters in monthly updates.

Changes may be submitted directly to headquarters at https://www.theiia.org/iia/profile/index.cfm.

Research Resources

IIA Links: Some links require logins and are only accessible by IIA members:

IIA L

ink

s

Certification News Link to Learning Opportunities

Audit Executive Center IIA Today

Tone at the Top (free to the public) IIA ITAudit

Internal Auditor IIA Newsletter FSA Times

IIA Research Foundation

The Gaming Auditorium quarterly publication for members of The IIA's Gaming Audit Group to

support knowledge development for gaming audit professionals.

IIA Lansing Courier • Lansing Chapter, Central Region, District 2 • October 2015 Page 10

Career Center

If you are looking to launch your internal audit career

or are seeking qualified employees, you’ve come to

the right place! The IIA’s Audit Career Center is a

proven resource for resume posting and focused can-

didate searches. The IIA’s Career Center receives

10,000 unique visitors monthly.

To contact the IIA’s Audit Career Center, call 1-888-

575-9675 or email custserv@jobtarget.com

Opportunities available now are provided here. If you or your organization is in search of ideal candidates

to fill positions, place your job posting within this newsletter. Career postings are free to membership.

Non members will be charged a monthly fee of $50.00 per posting. Please contact Melanie Myjak at mela-

nie.myjak@parda.com for further information and how to get your notification in this publication.

Career Opportunities

Currently no postings.

Visit the Careers tab on the Lansing Chapter IIA website to get more details and information on how to apply.

IIA Lansing Courier • Lansing Chapter, Central Region, District 2 • October 2015 Page 11

IIA Lansing Courier • Lansing Chapter, Central Region, District 2 • October 2015 Page 12

Volunteer Title: Junior Board Member Job Category: Volunteer Internship

Department/Group: Scholarship Awardee Reports to: Emily Crampton, President

Location: Lansing, MI Travel Required: Greater Lansing Area

Scholarship Amount: $ 1,000.00 Position Type: Intern

Scholarship Posting Time Due Date:

The Scholarship application posting will be open until October 31, 2015.

External posting URL:

https://chapters.theiia.org/lansing/News/Pages/default.aspx

Applications Accepted By:

E-mail: iialansingchapter@gmail.com

Subject Line: Internship Scholarship Application

Mail: Emily Crampton

1601 E Maple Rapids Road

St Johns, MI 48879

Junior Board Member - Internship Description

Role and Responsibilities The Lansing IIA Chapter is looking for a Junior Board Member to intern with us for the next school year. The Lan-sing Chapter is part of the Institute for Internal Auditors. Established in 1941, The Institute of Internal Auditors (IIA) is an international professional association with world headquarters in Altamonte Springs, FL. The IIA has more than 185,000 members in internal auditing, risk management, governance, internal control, IT audit, educa-tion, and security.

With global representation, The Institute is the recognized authority, principal educator, and acknowledged leader in certification, research, and technological guidance for the profession worldwide. Our mission is to provide a varied program of education and networking for its members. Through the support of the several certification programs, quarterly educational meetings, and our seminars, the chapter is dedicated to the professional develop-ment of its members.

Assist with a range of various activities such as event preparation, social media updates, newsletter preparation, fundraising, and more.

Be a student advocate on local campuses for the IIA

Expected to attend at least 3 board meetings

Assist in creating student chapters on local campuses

Qualifications and Education Requirements

The Lansing IIA Chapter is looking for an intern that is enthusiastic and looking to gain experience of what it is like to serve on a board. Accounting, Finance, or Business Management major preferred.

Preferred Skills

Candidates should apply that are enthusiastic, organized, and motivated. The chapter is looking for someone who can commit 10 – 15 hours per quarter to assist with various activities on the board.

Scholarship Information

Scholarship will be granted at the end of the Junior Board Member term (end of the final semester for the 2015-2016 school year). The scholarship will also include an IIA Student Membership.

Reviewed By: Date:

Approved By: Board Approval Date:

IIA Lansing Chapter