Page 1

Today A MESSAGE FROM THE INSTITUTE OF INTERNAL AUDITORS

Vo l u m e 3

/

Issue 5

/

September – October 2012


Our Principal Partners Make a Difference The IIA acknowledges the ongoing support from our Principal Partners, who help enhance the internal audit profession by sharing their resources and knowledge with our most valuable asset – our members. These partners actively serve as members and volunteers within The IIA, participate in the introduction of new guidance, develop world-class training, and show their commitment in many other ways in an effort to advance the internal audit profession.

The IIA encourages you to tap into the expertise of our Principal Partners in 2012!


Welcome message Dear IIA Member,

Today PUBLICATION DIRECTOR

Carrie Summerlin EDITOR

Paula Michaels STAFF EDITORS

Lisa Krist Melissa Calhoun Sandra Johnson Shelli Browning CONTRIBUTING EDITOR

Christina Brune ART DIRECTOR

Jon Peters

As vice president of global development for The IIA, I am delighted to share the great success of The IIA’s 2012 International Conference, which was held July 8-11 in Boston, and I wish to thank the Boston Host Conference Committee for all of their efforts to help organize the event in partnership with IIA Global. The conference would not have been possible without the hard work and dedication of our committee volunteers. In this issue’s feature story, “2012 International Conference: Breaking New Ground in Historic Boston,” beginning on page 6, you can read about some of the highlights of the conference, which drew more than 3,000 participants from 103 countries. We’ve received overwhelmingly positive feedback about our new Wellness Options Program, and we look forward to making this program — and giving back to the local community — a tradition with all of our International Conference events going forward.

Graphic Designers

Brandie Tate Cathy Watanabe PRODUCTION MANAGER

Lori Shewack IIA PRESIDENT AND CEO

Richard F. Chambers, CIA, CCSA, CGAP, CRMA IIA CHAIRMAN OF THE BOARD

Philip D. Tarling, CIA, CRMA, CMIIA

IIA Today is a bimonthly publication produced exclusively for members of The IIA. To learn more about this publication, please visit www.theiia.org/IIAToday  . We welcome all comments, questions, and feedback. Please send your message to IIAToday@theiia.org and include your name and contact information.

Even as we celebrate the successes of the 2012 conference, we’re already hard at work planning for next year’s International Conference. Appropriately themed “One World, One Profession, One Destination,” the conference will take place in Orlando, Fla., July 14-17, the figurative backyard of IIA Global Headquarters. The proximity of this event has had a palpable effect on those who work at The IIA’s Global Headquarters in nearby Altamonte Springs, Fla. All of our employees are energized and excited about the International Conference. Staffers have already begun signing up to join our local volunteer members on site during the conference, and they even organized a friendly competition to propose creative, fun ideas for the conference’s Welcome Reception and Gala events. Program organizers likewise have begun lining up an impressive host of general session speakers for the conference, including a futurist/economist, prominent business leader, and fraud specialist. The conference will boast 12 tracks covering a wide variety of topics. Additionally, in keeping with the conference theme, general sessions will be simultaneously translated, and one full session track will be conducted in Spanish — a first for the annual conference. Thank you, and I’ll see you next year in Orlando!

The Institute of Internal Auditors

247 Maitland Ave. Altamonte Springs, FL 32701-4201 USA +1-407-937-1100 www.theiia.org

Linda Moore Vice President, Global Development The Institute of Internal Auditors

All contents copyright © The Institute of Internal Auditors (IIA) 2012.

w w w. t h e i i a . o r g

/

September – October 2012

/

3


News

Standards Revised The IIA recently released changes to the International Standards for the Professional Practice of Internal Auditing (Standards), following a review of the nearly 1,700 responses it received to the exposure draft earlier this year. The revised Standards, which will become effective Jan. 1, 2013, include 18 changes. “The revisions clarify the existing language in some of the standards to help ensure that internal audit professionals can comply with them more readily,” said International Internal Audit Standards Board Chairman Andy Dahle. The IIA will be hosting a global web broadcast on Oct. 23 and Oct. 24 to review the Standards revisions. The broadcast is free to the public, but pre-registration is required. Visit https://global. theiia.org/standards-guidance/mandatory-guidance/ Pages/Standards.aspx to view the revised Standards and to register for the global web broadcast.

4

/

I I A To d a y

/

w w w. t h e i i a . o r g

IIA Summit for Government Auditors Exposes Common Concerns On July 19, The Institute of Internal Auditors (IIA) hosted a first-of-its-kind 2012 National Summit for Government Auditors, where a diverse group of U.S. and Canadian internal auditors from the public sector discussed issues specific to their role. IIA President and CEO Richard Chambers led the interactive four-person panel discussion, which focused on topics of common concern such as auditor independence and resource limitations. Panelist Leslie Ward, chief audit executive for the City of Atlanta, pointed out that significant resource constraints are a fact of life for local government auditors — even in a thriving economy. “The need for auditor training is not sufficient enough to persuade a legislative body that making an exception for auditors is more important than keeping police officers on the streets, repaving severely deteriorated roads, or reducing an unfunded pension liability,” added Berkeley (Calif.) City Auditor Harriet Richardson. Throughout the summit, panelists discussed several ways to deliver key messages about the value of the internal audit function. Suggestions included marketing the value of internal auditing to stakeholders as well as advocating internal audit’s role in good governance and helping the organization to meet its goals and develop public trust.

CRMA PER Deadline Extended The IIA’s Professional Certifications Board unanimously approved a request from the North American Board to extend the Certification in Risk Management Assurance™ (CRMA®) Professional Experience Recognition (PER) period until Dec. 31, for IIA members within North America. The PER provision enables practitioners to obtain the designation before the CRMA exam is offered in July 2013. “Given the overwhelming response we’ve seen from North American practitioners and the rate at which we’re seeing new CRMA applicants, the North American Board felt strongly that extending the deadline would add tremendous value for our membership,” explains Kevin Mayeux, chief operations officer for IIA North American Operations. This member-exclusive extension gives IIA members in the United States, Canada, and the Caribbean more time to submit their application for the CRMA PER. Candidates who take advantage of the extension will join the ranks of the more than 4,000 professionals who currently are in the process of obtaining the CRMA through PER and the 4,500 individuals who already have been awarded the designation globally. Start your CRMA PER application now.


News

IIA President and CEO Richard Chambers Named “Top 100 Most Influential” IIA President and CEO Richard Chambers has been named one of America’s “Top 100 Most Influential People” in accounting by Accounting Today magazine. On the list he joins notable figures including President Obama, regulatory department heads, Congressional leaders, service firm CEOs, academic leaders, and major finance/accounting-related association heads. Accounting Today recognized that under Chambers’ leadership, The IIA has enjoyed membership growth and increased influence, as well as development of emerging social media strategies, new conferences, and comprehensive work undertaken by The IIA Research Foundation through its ongoing Common Body of Knowledge study. This recognition demonstrates The IIA’s leadership role in the accounting profession, elevates its presence and stature in the public eye, and enhances its credibility as The IIA speaks with policy makers and others about the role internal audit can play in effective corporate governance. Congratulations to Richard Chambers for this achievement and honor! See the list of “Top 100” on the Accounting Today website.

Annual Compensation Study Now Available

IIA Research Foundation Releases New Book

The IIA’s Audit Executive Center recently released the results of its fifth annual Internal Audit Compensation Study. The study garnered salary data from more than 1,800 internal auditors in the United States and Canada. According to the study, the median pay increase granted to internal audit staff in 2012 was 3 percent, and the same percentage is projected for next year’s raises. However, a greater number of organizations are offering additional benefits targeted toward enhancing employees’ work-life balance, such as wellness programs and flexible working arrangements.

Minimize Costs & Increase the Value of Your Sarbanes-Oxley 404 Program This third edition dives into how you can successfully implement risk management. Whether an established leading edge company or a new organization, Norman Mark’s guide provides the keys to creating an effective and efficient SOX program. Save an additional 20% off at The IIA Bookstore www.theiia.org/ bookstore, use Promo Code: NEWBOOKS. Expires 11/30/2012.

As in previous years, internal auditors who are certified in one or more areas are paid a higher salary than their noncertified peers. While other factors may attribute to the salary difference, on average, the median income of internal auditors with certifications in the United States was $20,000 more than that of peers who had not earned professional designations. While members of The IIA’s Audit Executive Center who completed the study will receive a complimentary copy of the report detailing the survey’s results, The 2012 Internal Audit Compensation Study Report is available for purchase through The IIA Research Foundation Bookstore, www.theiiaorg/bookstore. w w w. t h e i i a . o r g

/

September – October 2012

/

5


Feature story

6

/

I I A To d a y

/

w w w. t h e i i a . o r g


Feature story More than 3,000 participants from 103 countries flocked to Boston July 8-11 for The IIA’s 71st International Conference. The four-day event, themed Revolutionizing Internal Audit, included an array of educational and networking opportunities as well as exciting social activities, an awards presentation, and a first-of-its-kind Wellness Options Program. With renowned keynote speakers such as former NASA astronaut Donald McMonagle and Standard & Poor’s President Douglas Peterson, and more than 75 concurrent sessions, the International Conference offered something for everyone. Getting Connected With Social Media

Throughout the conference, delegates had the opportunity to put their newly-learned social media prowess to the test with the live conference Twitter feed. A 2012 International Conference app also offered up-tothe-minute access to information such as schedules, maps, exhibitors, presentations, and more.

During Sunday’s preconference session, “Social Media 101: Let’s Get Engaged,” IIA presenters Scott McCallum and Allison Cain discussed the first steps to getting started with social networking on the three most popular social media sites: LinkedIn, Facebook, and Twitter. “A recent Pew Research Center study shows that more than 65 percent of adult Internet users now participate in social networking sites like Facebook or LinkedIn,” Cain told attendees. “With more and more people getting connected online, it’s essential to know the social media basics.”

Inspiring Total Wellness This year’s conference featured a new Wellness Options Program, designed to provide attendees with a comprehensive wellness experience that included intellectual, physical, environmental, and social offerings. “In recent years, The IIA’s interna-

It All Adds Up to Success! 7 72 970 1,020

hours of general sessions

1,306

conference app users

exhibitors

1,685

social media followers

hours of concurrent sessions

$14,000+ 39,364

minutes of networking time

w w w. t h e i i a . o r g

/

donated to charity CPE credits awarded

September – October 2012

/

7


Feature story

tional conference organizers have incorporated successful social and environmental initiatives, such as planting more than 1,000 trees in Malaysia, donating overage of food to local shelters, and reducing paper consumption by providing conference materials electronically,” explains Augusto Baeta, director of Global Professional Development for The IIA. “For our new Wellness Options Program, we brought many of these initiatives together with a robust educational conference line up and plentiful networking opportunities, and we added physical wellness options for a multidimensional program that truly encourages our participants to live well.” To promote physical wellness, delegates were asked to take the stairs when possible. They each received a pedometer (compliments of the 2013 Orlando International Conference) to track the steps/miles they walked during the event, and coordinated three-mile runs brought them together for physical activity before the days’ events. Dining options also included several healthy menu items with detailed dietary information, and attendees were treated to a complimentary stretching and chair massage station. The conference’s Wellness Options Program even captured the attention of Boston’s own Dick Hoyt, the senior member of the famed father-son Team Hoyt. An inspiration to anyone who knows their story, Dick and Rick Hoyt have traveled the world raising awareness and funds to help people with disabilities. Rick Hoyt was born without the ability to walk or talk, 8

/

I I A To d a y

/

w w w. t h e i i a . o r g

and the two have made it their goal to encourage others to maximize their potential through leading by example. The father and son duo have tackled 70 marathons and 270 triathlons — one pushing them across the finish line and the other leading them to victory. After Dick Hoyt heard about The IIA's conference wellness initiative, he stopped by to lend his support and issue a challenge on behalf of The IIA: If conference attendees could walk a collective 10,000 miles, The IIA and the Boston Host Conference Committee would donate US $10,000 to Easter Seals of Massachusetts, an organization dedicated to helping people with disabilities gain greater independence. "We thought, 'what a great way to further motivate attendees to get up and moving, while at the same time allowing us to give something back to the Boston area community for being such a gracious host to The IIA and its conference,'" said Larry Harrington, co-chair of the Boston Host Conference Committee. Apparently, conference attendees were up for the challenge. By the end of the conference, attendees had logged the requisite miles, and the Easter Seals donation became a reality.

Tackling the Tough Issues Back in the classroom, James Rose, vice president and chief audit officer for Humana, spoke during one of Monday’s afternoon concurrent sessions about the challenge internal auditors sometimes face when raising issues for management’s attention and corrective action: What should they do when management wants to accept a risk? The International Internal Audit Standards Board recently updated Standard 2600: Communicating the Acceptance of Risk and added an interpretation to provide more specific guidance around the chief audit executive’s responsibility. “The gist of this responsibility is communication,” said Rose. “The internal auditor is not responsible for resolving the risk. Instead, what internal audit is obligated to do is make sure that communication of the risk has been elevated to the right level of authority that’s accountable for making that type of risk decision.” He advised staff auditors to do a few things before beginning the process of elevating the risk, including ensuring that the auditor’s facts are accurate and exploring management’s reasons for not wanting to execute audit’s recommendation.


Feature story

Rose reminded attendees, “At the end of the day, your job is not to win the argument. Your job is simply to ensure that appropriate and sound communication and discussion of the risks has occurred.”

Celebrating Boston’s Culture Following an intensive day of education, International Conference attendees were treated to an evening of food, fun, and entertainment celebrating Boston’s unique heritage and culture at the "Four Seasons of New England" Gala on Tuesday night. Festivities kicked off at 6:30 p.m. with a cocktail reception and live entertainment from Boston-based a cappella group Pitch Slapped. A formal dinner of filet mignon and crab-stuffed shrimp followed, and dinner concluded with a butterscotch dessert and entertainment from a fife and drum corps.

In the Grand Ballroom of the Boston Convention and Exhibition Center, activities that continued throughout the evening included dancing, pub games, Nintendo Wii, and an opportunity to capture and share the evening’s memories via green screens. Headlining this year’s gala was Flipside, a high-energy sevenpiece band whose repertoire included pop, R&B, rock, reggae, jazz, Latin, and Top-40 songs. Members of the group have played throughout the world with high-profile artists such as Roberta Flack, Rick James, Lauryn Hill, the Wu-Tang Clan, and Steven Tyler of Aerosmith. Band members also have appeared on the “Tonight Show,” “Saturday Night Live,” and “Late Night with Conan O’Brien.”

Recognizing Outstanding Practitioners The IIA held its annual awards presentation during the conference, honoring select professionals from

w w w. t h e i i a . o r g

around the world for their significant contributions to the internal audit profession, including Dr. Louis Vaurs, who received the Victor Z. Brink Award for Distinguished Service. Named for one of The IIA’s founders, the award recognizes an IIA member who has made extraordinary contributions to the internal audit profession through consistent and exemplary IIA involvement and service. An IIA member for 37 years, Vaurs served as an executive board member of IFACI, or IIA France, for 19 years. He served as chairman and senior vice president in the 1980s. In 2001, he transitioned from board member to CEO, a role he served until 2010. Vaurs likewise has played an active role in the international internal audit community, holding various positions on The IIA’s committees including: Membership, Professional Issues, International Conference, Global Advocacy, and International Relations.

/

September – October 2012

/

9


Feature story

other 2012 Award Recipients CIA Certification Awards • Robert Bruce Marsden, received the William S. Smith Gold Award. • Douglas Scott Schmidt, received the A.J. Hans Spoel Silver Award. • Ömer Kerem Seçkin, received the William S. Smith Bronze Award. • Jeffrey S. Littlejohn received the Dr. Glenn Sumners Student Award. Internal Auditor Literary Excellence Awards • Michael Jacka and Peter Scott received the John B. Thurston Award for “The Whole World’s Talking.” • Bruce D. Woods received the Ted Keys Award for “Auditing Cookies.” • Dennis L. McGuffie, Norman Marks, Richard Mosher, Denise Mainquist, Brad Ames, Frederick Brown, Will McMillan, and Christine Miller received Outstanding Contributor Awards. Student Research Award • Jonathan E. Bayhi of Louisiana State University received the Esther R. Sawyer Research Award for his submission, “Internal Auditing and Its Stakeholders: Understanding Perceptions, Achieving Potential.” Donald E. Ricketts Chapter Research Award • The IIA-Dallas Chapter received first place for its research submission, “Cloud Computing: A Study of Internal Audit’s Preparedness in the Dallas Area.” • The IIA-Austin Chapter received second place for its submission, “Best Practices in Implementing Quality Assurance & Improvement Programs.” Michael J. Barrett Doctoral Dissertation Grant • Sylvie Harbour, a doctoral student at Université Laval in Québec, Canada, received The IIA Research Foundation’s grant in support of her dissertation, “The Role of Internal Audit in the Corporate Governance Process.”

10

/

I I A To d a y

/

w w w. t h e i i a . o r g

Vaurs founded the Union Francophone de l’Audit Interne, a professional organization with membership from 26 IIA Institutes and chapters in Africa and Canada. The group engages and dialogues with participants from Frenchspeaking countries to share knowledge and experiences. Most notably, Vaurs spearheaded an initiative called “Train the Trainer,” which provides professional training to internal auditors in a number of African countries. Additionally, Vaurs has advocated for the profession in front of the French Banking Authority, the French Security and Markets Authority, the French Institute of Corporate Directors, and an association of executives from French exchange-listed companies. He maintains relationships with French executives in the private and public sectors.

Welcoming Incoming Board and Committee Members Following the conference, IIA leaders met for the Annual Business Meeting, during which the 20122013 Global Board of Directors and Executive Committee Officers were elected. “We rely on the selfless, tireless service of the global board to provide invaluable counsel and to steer the strategic vision of The IIA,”


Feature story

2012-2013 Executive Committee Chairman of the Board Philip D. Tarling, CIA, CRMA, CMIIA Senior Vice Chairman Paul J. Sobel, CIA, CRMA Vice Chairman – Professional Certifications Anton van Wyk, CIA, CRMA Vice Chairman – Professional Guidance: Douglas J. Anderson, CIA, CRMA Vice Chairman – Global Services Lawrence J. Harrington, CIA Vice Chairman – Research Sharon Grant, CIA, CRMA Vice Chairman – Finance/Treasurer Gary A. Anderson, CIA Secretary Carolyn A. Dittmeier, CIA Visit www.theiia.org for a complete list of board members.

2013-2014 Call for Volunteers The IIA is looking for enthusiastic volunteers to fill board and committee positions for 2013–2014. As a member of The IIA, you have an opportunity to serve in a key role, making contributions that impact the day-to-day functions of internal auditors as well as the future of the internal audit profession. Complete information on the 2013–2014 Call for Volunteers, as well as the nomination form, can be found at https://na.theiia.org/about-us/Pages/ Call-for-Volunteers.aspx. Nomination forms must be submitted electronically by Nov. 2.

says IIA President and CEO Richard Chambers. “I look forward to working with these top-notch executives in the coming year.” Incoming Chairman Philip Tarling, vice president of Internal Audit Centre of Excellence for Huawei Technologies (UK) Co. Ltd., has adopted the chairman’s theme of “Say it Right,” which underscores that it is both what internal auditors say and how they say it that matters. “It’s vital that internal auditors get the message right, that they communicate it correctly, and that they communicate it to the right people,” he says.

Planning for Next Year Plans for the 2013 International Conference are already well underway. Themed “One World, One

w w w. t h e i i a . o r g

Profession, One Destination,” the conference will take place at the Orlando World Center Marriott Resort and Convention Center in Orlando, Fla., July 14-17. “This is a worldclass event that never disappoints,” says 2013 International Conference Chair Karen Brady, corporate vice president, audit and compliance for Baptist Health South Florida. “We have worked tirelessly to identify the most proficient — and interesting — subject matter experts who will keep us on the cutting edge of the profession. In addition to the learning opportunities, there will be many opportunities to share thoughts and a good time with our peers from across the globe.” For more information or to register for the 2013 conference, visit www.iia2013ic.org.

/

September – October 2012

/

11


The Essential Experience for CAEs

2013 General Audit Management Conference March 18–20, 2013 ARIA Resort and Casino / Las Vegas, NV Driving Change and Delivering Results The General Audit Management (GAM) Conference brings together CAEs, Audit Committee and Board members, and financial/executive management from around the world to gain exclusive insights, discuss challenges, share strategies, and network with other top auditing executives. Respected practitioners will lead general and concurrent sessions that focus on being on the forefront of change; tackling governance, risk, and compliance issues; developing and retaining talent; preventing and detecting fraud; and delivering results. IIA Members: Register early for the 2013 GAM Conference and save! Registration Type....................................................Rate Member Super Early (by Nov. 2).......................................US $1,195 (US $300 savings) Member Early (by Dec. 31)...............................................US $1,295 (US $200 savings) Member Regular................................................................US $1,495 Nonmember......................................................................US $1,695

Join The IIA’s Audit Executive Center at the Ambassador Level and receive complimentary registration to the GAM Conference. Visit www.theiia.org/CAE for details.

Register today at www.GAM2013.org and reserve your seat at The IIA’s flagship event!


special feature

Sawyer’s Guide Revamped During the 2012 International Conference in Boston, The IIA Research Foundation (IIARF) unveiled the latest version of the internal audit profession’s most trusted reference book, Sawyer’s Guide for Internal Auditors, 6th Edition. Considered by many to be the father of modern internal auditing, Larry Sawyer authored the original guide nearly 40 years ago. “When the original edition of Sawyer’s Guide for Internal Auditors came out in 1973, it marked the first time that internal auditing was defined and explained in such a comprehensive and meaningful way,” said IIA President and CEO Richard Chambers, who notes that the guide truly helped shape the profession. “It quickly became — and has remained — one of the most valuable resources for internal audit practitioners at every level. Scholars and academics also use it as a teaching tool.” Now, 10 years after the author’s passing, the profession’s premier reference book has grown into a three-volume set that includes a comprehensive index and 73-word glossary. The 6th edition contains critical updates surrounding inter-

nal audit practices, guidance, and research that have occurred since the book’s last publication in 2005 – including updates to the International Standards for the Professional Practice of Internal Auditing (Standards), new guidance relating to fraud and IT, and current risk and control frameworks. “This update addresses internal audit practitioners’ changing needs with an enhanced, user-friendly format, new research, and many references to emerging skill-set requirements,” explains IIARF Vice President Margie Bastolla. The guide’s newly added Volume 3: Governance, Risk Management, and Compliance Essentials defines and discusses in separate chapters governance, risk management, compliw w w. t h e i i a . o r g

ance, corporate social responsibility, and sustainability. It also describes the roles of internal auditors in assessing fraud, ethics, and people risk. One of the most significant enhancements, however, is the guide’s new electronic delivery format, slated for release in 2013. “We’re excited that the profession’s No. 1 resource soon will be available to readers in hardback, online, or via a mobile device,” says Bastolla. To learn more about Sawyer’s Guide for Internal Auditors, 6th Edition, visit The IIARF Bookstore at www.theiia. org/bookstore. You can also view a short video about Larry Sawyer and the significance of this undertaking on AuditChannel.tv.

/

September – October 2012

/

13


special feature

TOP Skills

Chief audit

Executives

Have

Want You to

Want to enhance your capabilities, credibility, and marketability and obtain the most sought after skills and competencies? The newly published Pulse of the Profession: 2012 Global Insights Report, released by The Institute of Internal Auditors (IIA), identifies the most highly recruited internal audit skills, according to 1,149 internal audit professionals from 77 countries, 653 of whom are chief audit executives (CAEs). So what are the most sought after skills?

Analytical and Critical Thinking The ranking of the top five skills varied among the four most responsive regions of North America, Latin America, Europe, and Asia/Pacific. However, across all regions, the number one slot went to analytical and critical thinking. Taking advantage of opportunities that help hone these skills is imperative. The IIA offers several courses that can put you on the right track, including Analyzing & Improving Business Processes, Lean Six Sigma Tools for Internal Audit Planning, and Lean Six Sigma Tools for Internal Audit Fieldwork.

14

/

I I A To d a y

/

w w w. t h e i i a . o r g


special feature

Communication The second most valued skill by region is communication. It ranked in the top three spots on every list, proving the point that having invaluable insights is one thing, but being able to effectively articulate your insights is everything! If you are looking to enhance your competency in this area, you will benefit from courses such as Communications Skills for Auditors and Audit Report Writing.

Information Technology The next must-have skill, information technology, is here to stay. Whether it’s Introduction to IT Auditing you’re looking for, courses on auditing specific IT applications, or timely topics such as Auditing the Cloud, The IIA has an entire suite of courses to match your skill level and interest.

Risk Management Risk management, an important skill for audit professionals everywhere, ranked second in both Latin America and Europe, and held the third spot in the Asia/Pacific region. Yet, despite the importance of risk management to CAEs and stakeholders, some internal auditors struggle to establish practical and consistent measurement criteria for rating and ranking risks. Risk assessment, a key building block for numerous internal audit activities,

is at the forefront of ensuring internal audit’s value to stakeholders, so you would be wise to develop your risk assessment skills and enhance your career by attending Assessing Risk: Ensuring Internal Audit’s Value.

To explore The IIA’s program on enhancing these skills through training — download The IIA’s 2013 Training Compass & Resource Guide at www.theiia.org/ goto/2013compass.

Business Acumen Finally, when it comes to delivering meaningful insights to business owners and other stakeholders, the importance of strong business acumen is invaluable. Reports such as The IIA’s Insight: Delivering Value to Stakeholders have highlighted concerns by management regarding internal audit’s lack of general management and operational experience, which translates to an inability to experience their reality and therefore provide meaningful insights.

Saving

$100 is Easy as 1-2-3!

1 2 3

If internal auditors are to make headway here, dedicating time to understanding the unique facets of their industry and their organization is critical. Courses such as Leadership Skills for Auditors can help leaders gain a 30,000-foot view of the organization, including an understanding of critical interdependencies across business functions and divisions and the short and long-term impacts of business decisions.

Download The IIA’s 2013 Training Compass & Resource Guide.

Find your course(s).

The fact that these skills are topping the list of in-demand competencies indicates a bright future for the profession. And as CAEs continue working to earn the coveted “seat at the table,” they will be looking for staff members and managers like you who have the ability to pull up a chair, and the skills to get the job done. w w w. t h e i i a . o r g

Access the discount code.

/

September – October 2012

/

15


IIA Conference Schedule

IIA Members: Register early for IIA Conferences and save! Call +1-407-937-1111 to ask about group discounts. www.theiia.org/Conferences

247 Maitland Avenue Altamonte Springs, FL 32701-4201 USA

Please recycle this newsletter by passing it along to a colleague.

March 18–20, 2013

General Audit Management Conference Las Vegas, NV

April 3–5, 2013

Gaming Conference Las Vegas, NV, USA

July 14–17, 2013

2013 International Conference Orlando, FL, USA

August 19–21, 2013

Governance, Risk, and Control (GRC) Conference New in 2013

Mosaic: A Convergence of Ideas

10/121273/PM/jp

Phoenix, AZ, USA

Details to be announced

Vo l u m e 3

/

Issue 5

/

September – October 2012

Today A M E M B E R S - O N LY P U B L I C AT I O N

IIA Today September - October 2012  

A members-only print publication called IIA Today that will keep you informed about internal audit news and what’s happening at The IIA in g...

Read more
Read more
Similar to
Popular now
Just for you