THE WORKPAPERS...traffic fairly quickly). After the Sand Springs exit get in the right lane and exit...
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THE WORKPAPERS In This Issue President’s Message Social Media Update General Meeting Announcement Call for Volunteers IIA News & Highlights Members-Only Webinars Employment Opportunities Welcome New Members Tulsa Chapter 2015- 2016 Officers, Commit- tee Chairs, and Gover- nors President’s Message U.S Department of Justice Deputy Attorney General Sally Yates issued a memo in September focusing on how prosecutors should “hold to account the individuals responsible for illegal corporate conduct.” An emphasis was placed on individual accountability and actions and discusses criminal and civil actions against culpable individuals. Absent extraordinary circumstances, the DOJ will not agree to a corporate resolution that provides immunity to potentially responsible individuals. In order to qualify for any cooperation credit under the Federal Sentencing Guidelines, corporations must provide the Department of Justice all relevant facts relating to the individuals responsible for the misconduct. In an October speech announcing the new Policy, the Deputy Attor- ney stated that if a company wants any credit for cooperation, any credit at all, it must identify all individuals involved in the wrongdoing, regardless of their position, status or seniority in the company and provide all relevant facts about their misconduct. It’s all or nothing. No more disclosing some but not all facts, and the DOJ won’t provide partial credit for cooperation that doesn’t include information on all individuals involved. To seek credit, companies must identi- fy relevant information about the culpable individuals and they can’t disclose general miscon- duct without identifying all parties involved. What does this have to do with the internal audit function; shouldn’t this concern the compa- ny’s legal department or corporate compliance function(s)? IA should consider alternatives to making a recommendation on the back-end of what our organization should do different or better. Someone could be sitting in federal prison by the time that audit or review comes around. Internal Audit should consider teaming up with and providing consultation to the department (s) responsible for the compliance program. Determine if a proactive response has been put in place by considering the following: IIA | Tulsa Chapter Newsletter December 2015 Rex Wilson 2015-2016 President The implementation of robust ethics and compliance programs designed to deter, identify and remediate violations of laws and regu- lations, coupled with equally robust employee training and issue reporting mechanisms; Extensive management support of those compliance efforts, including dedication of resources and active oversight by management, up to the board level; Prompt management response to issues escalated to their attention; and Documentation that will allow the company and its executives to demonstrate that they are working in good faith to operate the com- pany in an ethical and compliant fashion. Social Media Update! Did you know you can find your local chapter of the IIA on social media? Find us on Facebook by searching for “IIA Tulsa Chapter ” and request to join today. We are also on LinkedIn. Search for “ The Institute of Internal Au- ditors—Tulsa Chapter” and request to join. Also, follow @TheIIA on Twitter today to get updated infor- mation and connect with colleagues across the nation!
Transcript of THE WORKPAPERS...traffic fairly quickly). After the Sand Springs exit get in the right lane and exit...
THE WORKPAPERS
In This Issue
President’s Message
Social Media Update
General Meeting
Announcement
Call for Volunteers
IIA News & Highlights
Members-Only
Webinars
Employment
Opportunities
Welcome New
Members
Tulsa Chapter 2015-
2016 Officers, Commit-
tee Chairs, and Gover-
nors
President’s Message U.S Department of Justice Deputy Attorney General Sally Yates issued a memo in September focusing on how prosecutors should “hold to account the individuals responsible for illegal corporate conduct.” An emphasis was placed on individual accountability and actions and discusses criminal and civil actions against culpable individuals. Absent extraordinary circumstances, the DOJ will not agree to a corporate resolution that provides immunity to potentially responsible individuals. In order to qualify for any cooperation credit under the Federal Sentencing Guidelines, corporations must provide the Department of Justice all relevant facts relating to the
individuals responsible for the misconduct.
In an October speech announcing the new Policy, the Deputy Attor-ney stated that if a company wants any credit for cooperation, any credit at all, it must identify all individuals involved in the wrongdoing, regardless of their position, status or seniority in the company and provide all relevant facts about their misconduct. It’s all or nothing. No more disclosing some but not all facts, and the DOJ won’t provide partial credit for cooperation that doesn’t include information on all individuals involved. To seek credit, companies must identi-fy relevant information about the culpable individuals and they can’t disclose general miscon-
duct without identifying all parties involved.
What does this have to do with the internal audit function; shouldn’t this concern the compa-ny’s legal department or corporate compliance function(s)? IA should consider alternatives to making a recommendation on the back-end of what our organization should do different or better. Someone could be sitting in federal prison by the time that audit or review comes
around.
Internal Audit should consider teaming up with and providing consultation to the department(s) responsible for the compliance program. Determine if a proactive response has been put
in place by considering the following:
IIA | Tulsa Chapter Newsletter December 2015
Rex Wilson
2015-2016 President
The implementation of robust ethics and compliance programs designed to deter, identify and remediate violations of laws and regu-
lations, coupled with equally robust employee training and issue reporting mechanisms;
Extensive management support of those compliance efforts, including dedication of resources and active oversight by management,
up to the board level;
Prompt management response to issues escalated to their attention; and
Documentation that will allow the company and its executives to demonstrate that they are working in good faith to operate the com-
pany in an ethical and compliant fashion.
Social Media Update!
Did you know you can find your local chapter of the IIA on social media? Find us on Facebook by searching for
“IIA Tulsa Chapter” and request to join today. We are also on LinkedIn. Search for “The Institute of Internal Au-
ditors—Tulsa Chapter” and request to join. Also, follow @TheIIA on Twitter today to get updated infor-
mation and connect with colleagues across the nation!
General Meeting Announcement Topic:
IT General Controls and Learning to
Talk Financial Statement Audit
Where:
Tulsa Country Club
701 N. Union Ave.,
Tulsa, OK 74127
(Refer to map on page 3)
When:
Thursday, December 3, 2015
Agenda:
Registration: 11:30 AM
Lunch & Speaker: Noon
Reservation Deadline:
Monday, November 30, 2015
Prices: Credit Card or Check
Members: $25
Guests: $30
Students: FREE
Retired/Unemployed: $12
Menu:
Sliced Glazed Ham, Sweet Potatoes,
Roasted Corn and Tomato Medley,
House Salad, and Double Chocolate
Mousse with Chantilly Cream
Vegetarian Option:
Available upon request. Note when
registering.
Registration Contact:
Register Online HERE!
Questions? Contact Andrea Harman
Phone 918.728.3300
Note: General meetings are held
the 2nd Thursday of the month, un-
less otherwise noted.
All cancellations of reservations must
be made before Noon on the day be-
fore the meeting. Unfulfilled reserva-
tions will be billed as the IIA is billed at
the reservation rate, not attendance.
IT General Controls and Learning to Talk Financial Statement Audit
Presented by Steve Thompson, CPA, CISA
Whether you are public or
private, if your audit firm is
relying on your controls, you
are likely being asked to veri-
fy these controls are working.
What are common errors fi-
nancial auditors make in over
scoping, and how can you
combat the onslaught? What
is the PCAOB really asking
for? To what extent do
PCAOB expectations trickle
down to private companies?
What are the risks behind these procedures? We will try to
answer these questions to assist you in upcoming reviews.
Steve Thompson is an Executive Director with Grant
Thornton Advisory Services. Steve served as the Internal Au-
dit Director for Sooner Federal Savings and Loan before mov-
ing into IT audit, service revenue analysis, and then customer
service management at Memorex Telex. He then spent nine
years performing transformation services, internal audit, IT au-
dit, and SOX consulting engagements for Deloitte & Touche as
a Senior Manager. In 2005 he joined Grant Thornton, where
he is now the Executive Director of the Advisory Services De-
partment. His key industries include financial services, ener-
gy, hospitality, and manufacturing. He is the BAS leader for
the financial services industry for the central region. Steve
and his wife, LouAnn, have three children: Scott, Amy, and
Kyle.
You may now register online!
The IIA Tulsa Chapter is launching a new registration process
beginning with the December meeting. To register for the Decem-
ber meeting, please visit https://www.surveymonkey.com/r/TulsaDec
and submit your registration online. You may also use the same link to
cancel a reservation.
Meeting Location
FROM TULSA INTERNATIONAL
AIRPORT
Take interstate 244 West and after
downtown Tulsa follow the signs
towards Sand Springs, (64/51 also
known locally as the Keystone Ex-
pressway or the Cimarron Turn-
pike). Stay in the right lane on
64/51 and exit on the Gilcrease
Museum Road and then turn right.
At the next traffic light (Edison) turn
right. Travel ½ mile and turn left on
Union Ave. Club entrance is imme-
diately on right.
FROM RIVERSIDE DRIVE
NOT recommended due to con-
struction. Travel north on River-
side until you come to Denver Ave-
nue and merge to the right. Once
on Denver, travel approximately
1.5 miles to Edison and turn left.
Travel approximately 1 mile to Un-
ion (you will pass the golf course
on the right). Turn Right on Union.
Club entrance is immediately on
right.
FROM THE BROKEN ARROW EXPRESSWAY (64/51)
Travel Westbound on 64/51. After passing through downtown Tulsa the road curves right heading
North. (Make sure you stay on 64/51) Immediately after the curve start getting in the left lane to exit
toward Sand Springs. (This is kind of a bad spot traffic wise because you have to cross three lanes of
traffic fairly quickly). After the Sand Springs exit get in the right lane and exit on Gilcrease Museum
Road and turn right. At the next traffic light (Edison) turn right Travel ½ mile and turn left on Union Ave.
Club entrance is immediately on right.
Parking
N U
nio
n A
ve
W Edison St
Join us at the TULSA COUNTRY CLUB (red star below) located at 701 N. Union Ave., Tulsa, OK.
We hope that you can join us for another great meeting at our 2015-2016 meeting location.
Map & Driving Directions
Call for Volunteers: Angel Tree Event
Calling all angels….it is time to for our annual
Salvation Army of Tulsa Angel Tree Event
This is a fun group activity for your audit team or family. Children are welcome to volunteer with adult supervision. Minimum four (4) volunteers per shift, spots fill quickly so email us today! Shifts start at two hours to the full night (four hours). Contact us to see what will work with your schedule. The Angel Tree program provides assistance for low income families with children aged 0-12 years and for senior citizens aged 62 and older. The Tulsa area Angel Tree has given toys to more than 7,000 children, annually. Each year, the IIA-Tulsa volunteers to help man the Angel Tree booth to provide support to Salvation Army in its efforts. As such, a spot has been scheduled for us to assist with manning the booth in December. During this time we assist with helping individuals select angels and accept gift donations.
Dates are being finalized and will be provided soon, so if you are interested in volunteering, contact Dave Kitchens at 918-853-9393 or [email protected]. Thank you in advance for dedicating time to this amazing community service organization!
Thank you to those who volunteered your time to paint at
the Salvation Army Center for Hope. We appreciate all
your help!
Need CPE Credits? Your Volunteer Hours Count!
Calling all current and previous year Tulsa IIA Chap-
ter volunteers! Did you volunteer during 2015? Do
you need extra CPE? December 31st is just around
the corner! Every hour you worked in 2015 for our
chapter is worth one hour of CPE credit, with a maxi-
mum of 15 hours per year. This includes your time
volunteering as a chairperson, officer, or just helping
out. Please contact Annie Mills, [email protected], or Rex Wilson,
[email protected], regarding CPE certificates for the many hours of hard work you’ve
put in this past year. We wouldn’t be successful without the help of so many volunteers!
IIA News & Highlights
Employment Opportunities If your company has job openings and would like to publish on our IIA Chapter Careers
webpage, please send information to Placement Chairperson, Jordan Lusnak
Please include the following on a single page: Company logo, brief position descrip-
tion, qualifications and responsibilities, and contact information
Company Position
1. Hertz Senior Auditor - OKC
2. Hertz Staff Auditor - OKC
3. ONEOK Staff Auditor II
4. ONEOK **Senior Auditor
5. Samson **Staff Internal Auditor
5. Stinnett & Associates Senior Manager
6. Stinnett & Associates Senior Associate
7. Stinnett & Associates IT Associate
Welcome New Members Haley Legg NGL Energy Partners
Chapter Website Up-
dates
The current member
directory has been add-
ed to the website. If you
are a member, login to
the webpage. Once
logged in, you will see a
“Members Only” tab.
Have you changed em-
ployers lately or had oth-
er contact information
changes?
Keep your IIA profile up-
to-date by logging onto
the IIA website:
https://
chapters.theiia.org/tulsa/
Click on the “Update
Your Profile” link in the
upper left corner of the
page. Your IIA profile
provides us with cur-rent
information to keep you
informed and involved.
** Denotes new position listing since last newsletter.
The Evolving Role of the CAE December 15, 2015 | 1:00-2:00 p.m. ET | 1 CPE
Chief audit executives (CAEs) occupy a unique position within their organizations. The
role requires them to have a comprehensive understanding of the risks and controls
associated with core business processes while at the same time maintaining a wider view of their company’s
long-term strategy, its industry, and the regulatory environment. This knowledge and experience make the CAE
an attractive candidate to assume additional organizational responsibilities beyond traditional internal auditing,
which can provide a variety of benefits to the organization, the internal audit department, and the CAE personal-
ly, but it can also have drawbacks. Learn more here.
Discuss responsibilities CAEs are taking on outside of their traditional internal audit role.
Explore why some organizations have expanded the responsibilities of the CAE.
Debate whether the role of the CAE varies by sector or industry type.
Identify perceived benefits and challenges associated with expanding the CAE’s role.
Members-Only Webinars
Tulsa Chapter 2015 - 2016 Officers, Committee Chairs, and Governors Officers and Committee Chairs
Position Name Phone Email
President Rex Wilson 918-947-7124 [email protected]
CAP/Long-Range Planning Cathy Criswell [email protected]
Placement Jordan Lusnak 918-947-7068 [email protected]
Advocacy Rex Wilson 918-947-7124 [email protected]
Speakers Bureau Rex Wilson 918-947-7124 [email protected]
ACL User Group Jennifer Goines 918-528-4011 [email protected]
Research Jim Sleezer 918-853-5114 [email protected]
1st Vice President Jami Shine 918-615-7929 [email protected]
Programs Jami Shine 918-615-7929 [email protected]
Arrangements Ed Evans 918-615-7607 [email protected]
Web Master/Website Matthew Barth 918-227-8206 [email protected]
Certification Ashley Wilbert 918-246-4742 [email protected]
Newsletter Shannon Lofthus 918-232-7033 [email protected]
2nd Vice President Stephanie Ramirez [email protected]
Admission & Membership Stephanie Ramirez [email protected]
Academic Relations & Scholarship Open
Hospitality Robyn Cannon 918-748-4112 [email protected]
Community Relations Dave Kitchens 918-853-9393 [email protected]
Secretary Matthew Barth 918-227-8206 [email protected]
Historian Ron Maxwell 918-596-7845 [email protected]
Awards Ashley Wilbert 918-246-4742 [email protected]
Treasurer Annie Mills 918-732-1466 [email protected]
Attendance Andrea Harman 918-728-3300 [email protected]
Budget & Finance Annie Mills 918-732-1466 [email protected]
Appointed by Board of Governors
Associate Trustee Ron Maxwell 918-596-7845 [email protected]
Audit Committee Open
Nominating Craig Nishimura 918-591-1063 [email protected]
Governors Term Expiration Name Phone Email
May-18 Marnie Padilla 918-261-3224 [email protected]
May-18 Terry Cloud 918-744-2126 [email protected]
May-18 Michelle Minton 918-524-8361 [email protected]
May-18 Mo O'Oonnor 918-477-4447 [email protected]
May-17 David Hurd 918-740-5740 [email protected]
May-17 Craig Nishimura 918-591-1063 [email protected]
May-17 Sarah Kuhn 918-661-4590 [email protected]
May-17 Dustin Dye 918-384-6729 [email protected]
May-16 David Kinkaid 918-607-0405 [email protected]
May-16 Ronny Johnson 918-740-6777 [email protected]
May-16 Sharon Bertram 918-527-7412 [email protected]
May-16 Chris Carter 918-236-4797 [email protected]
Past Presidents Past President 1 Annie Mills 918-732-1466 [email protected]
Past President 2 Kip Bloss [email protected]
