March 2018 Austin Chapter of Institute of Internal ... · WHAT: In early 2017, the IIA conducted a...
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Dec 2017 Austin Chapter of Institute of Internal Auditors E-NEWSLETTER March 2018 In This Issue Protiviti Thought Leadership ............. 1 (see protiviti.com for full article) Upcoming Events ............................... 2 CIA Exam Revisions .......................... 2 Newly Certified Members .................. 2 Austin Chapter Officers and Board of Governors........................................ 3 Robotics in the Corporate World—The Way of the Future Across nearly all industries, organizations are focusing more time and resources to digitalizing their business operations, including increasingly automating routine business processes. Many companies are choosing robotic process automation (RPA) or robotics desktop automation (RDA). Robots, which at one time were thought to only be useful on a conveyor belt in manufacturing companies are now making their way to corporate offices. Both RPA and RDA use automation software for everyday tasks such as processing sales and financial transitions, managing data, communicating between different systems, access management, monitoring and reporting. While RPA focuses on back-office tasks that are typically repetitive in nature and require little human intervention, RDA is used to leverage specific tasks. Typical RPA tasks can include credit decisions, loan underwriting, pricing, accounting data entry and purchase order creation. RDA tasks are more specialized and can include utilizing a single-sign on to eliminate multiple points of password entry, providing a consolidated view of the financials, and performing validations of internal regulations to ensure completeness of inputs and processes. The purpose of RDA is to reduce the number of mundane tasks of an employee so that they may focus on more complex activities. A few key benefits to robotic automation include: Robots operate 24/7 – no holidays, vacation or sick days required! Robotic automation results in zero human error and training. Simple tasks are completed with minimal expenses for salaries and other employee costs. Problems driven by spikes in volume/demand and backlogs are eliminated The cost of licensing a robot is low compared to the total compensation for a full time equivalent employee. Overall, preserving a company’s fitness in the market and maintaining a competitive advantage require innovation, but also depend on efficiency. Robotic automation is an increasingly significant strategy for achieving these goals. RPA and RDA spur this growth by enabling companies to employ automation for routine tasks, which in turn frees up talent to add value by taking on more qualitative and strategic-level initiatives. (Excerpt above from the Protiviti Thought Leadership – Looking Deeper into Robotic Automation) ~ Katherine Snyder, Senior Manager, Internal Audit & Financial Advisory Group, Protiviti Inc. SUGGESTIONS We’d love to hear from you. If you have feedback regarding how the Austin chapter can better serve you, please reach out to any chapter officer. We’re looking for feedback and fresh ideas for topics, venues, events and member communications in particular.
Transcript of March 2018 Austin Chapter of Institute of Internal ... · WHAT: In early 2017, the IIA conducted a...
Dec 2017
Austin Chapter of Institute of Internal Auditors
E-NEWSLETTER
March 2018
In This Issue
Protiviti Thought Leadership ............. 1
(see protiviti.com for full article)
Upcoming Events ............................... 2
CIA Exam Revisions .......................... 2
Newly Certified Members .................. 2
Austin Chapter Officers and Board of
Governors ........................................ 3
Robotics in the Corporate World—The
Way of the Future Across nearly all industries, organizations are focusing more time and
resources to digitalizing their business operations, including increasingly
automating routine business processes. Many companies are choosing robotic
process automation (RPA) or robotics desktop automation (RDA). Robots,
which at one time were thought to only be useful on a conveyor belt in
manufacturing companies are now making their way to corporate offices.
Both RPA and RDA use automation software for everyday tasks such as
processing sales and financial transitions, managing data, communicating
between different systems, access management, monitoring and reporting.
While RPA focuses on back-office tasks that are typically repetitive in nature
and require little human intervention, RDA is used to leverage specific tasks.
Typical RPA tasks can include credit decisions, loan underwriting, pricing,
accounting data entry and purchase order creation. RDA tasks are more
specialized and can include utilizing a single-sign on to eliminate multiple
points of password entry, providing a consolidated view of the financials, and
performing validations of internal regulations to ensure completeness of
inputs and processes. The purpose of RDA is to reduce the number of
mundane tasks of an employee so that they may focus on more complex
activities.
A few key benefits to robotic automation include:
Robots operate 24/7 – no holidays, vacation or sick days required!
Robotic automation results in zero human error and training.
Simple tasks are completed with minimal expenses for salaries and other
employee costs.
Problems driven by spikes in volume/demand and backlogs are eliminated
The cost of licensing a robot is low compared to the total compensation
for a full time equivalent employee.
Overall, preserving a company’s fitness in the market and maintaining a
competitive advantage require innovation, but also depend on efficiency.
Robotic automation is an increasingly significant strategy for achieving these
goals. RPA and RDA spur this growth by enabling companies to employ
automation for routine tasks, which in turn frees up talent to add value by
taking on more qualitative and strategic-level initiatives.
(Excerpt above from the Protiviti Thought Leadership – Looking Deeper into Robotic Automation)
~ Katherine Snyder, Senior Manager, Internal Audit & Financial Advisory Group, Protiviti Inc.
SUGGESTIONS
We’d love to hear from you. If you have
feedback regarding how the Austin
chapter can better serve you, please reach
out to any chapter officer. We’re looking
for feedback and fresh ideas for topics,
venues, events and member
communications in particular.
APRIL EVENT
April 10 Luncheon IIA Austin Presents - Value
Added Audits Training
May 8 Half Day Seminar Weaver Sponsored Event-Topic
and Luncheon TBD
Date Length Course Name
UPCOMING TRAINING
NEWSLETTER CONTACT:
Email the newsletter committee if you have an
opportunity that you would like placed in the
monthly newsletter. Please contact:
NEWLY CERTIFIED:
Certified Government Auditing Professional (CGAP)
Robert Strauser
The IIA Austin chapter is delivering this FREE training
event to give back to our members and our profession.
Details:
April 10th 2:00 - 4:00 pm (registration opens at 1:30)
Up to 2 FREE CPEs
Two incredible speakers: Steve Goepfert, Retired VP
Internal Audit, United Airlines and Leita Hart,
Professional Speaker & Author
Following the event, please stay and join us for a
networking hour (4:00 - 5:00 pm).
Where: Pappadeux Seafood Kitchen!
Deadline to register for the event will be April 5 at 11:59 pm.
WHAT: In early 2017, the IIA conducted a global job analysis study to collect input regarding the proposed CIA exam
syllabi revisions and the knowledge, skills, and abilities most relevant to today’s internal audit professionals. With your
support, the study was made available in 11 languages and garnered more than 3,000 responses. Survey results confirmed
the need to update the current three-part CIA exam and drove the content, design, and structure of the next version of the
exam.
WHEN: The IIA Certification Team is currently developing the updated CIA exams based on the revised syllabi, with an
expected release in January 2019 in English only. The revised CIA exams in non-English languages are expected to be
released beginning April 2019, and completed no later than March 2020. CIA candidates will be able to sit for the current
exams until the revised exams are available in respective languages.
Volunteers play a key role, and the contributions they make
impact the day-to-day functions of internal auditors
and shape the future of the internal audit profession.
If you would like to serve your local IIA Chapter, please
contact [email protected]
CIA EXAM REVISIONS!
CALL FOR
VOLUNTEERS
2017– 2018 Officers
President - Josh Kettler ([email protected]) President Elect - Atreyi Chowdhury, CPA, CIA, CAMS, CRMA ([email protected])
Vice President/Program & Education Chair - Sarah Purkeypile, CIA ([email protected])
Treasurer - Angel Lopez, CIA ([email protected])
Secretary - Nazrine Khan ([email protected])
Board of Governors
Paula Bishir-Jensen, CIA, CGAP, CFE Vivian Cohn, CIA, CGAP, CRMA, MBA, MSA
Nancy Walden, CIA, CISA, CGAP, CRMA Demetrio Leyva, CIA, CFE
Lori Oakley Linden, CIA, CISA, CGAP Adam Wright
Raquel Basurto, CIA, CGAP, RTSBA Joel Brophy, CIA, CRMA, CFE, CICA
Karin Hill, CIA, CGAP, CRMA Roland Stautzenberger, CIA,CRMA,CCSA - Immediate Past President
John Spann, CIA, CRMA - Outgoing President
Committees
Academic Relations Committee Chair - Jamie Resendez Awards Committee Chair - Haylie Kwon
Audit Committee Chair - Patricia Hall Budget and Finance Committee Chair - Joel Brophy
Business and Industry Committee Chair - Nazrine Khan Bylaws Committee Co-Chairs - Kathy Baca and Darrell Carter Chapter Achievement Program Committee Chair - Beth Gilbert
Certification and Test & Development Committee Chair - Nicole Rhyne Government Relations Committee Chair - Adam Wright
Membership Committee Chair - Kelly Hunter Newsletter Committee Chair - Nancy Walden Planning Committee Chair - Katherine Snyder
Registration System Committee Chair - Raquel Basurto Social Media Committee - Volunteer Needed!
Southern Regional Conference Co-Chairs - Kathy Baca and Lori Linden Website Committee Chair - Robert Elizondo
If you have any questions or if you would like to contribute to The IIA Austin
Chapter Newsletter, please send your submissions to:
