Lehigh Valley IIA Newsletter Summer 2015 Edition July 2015 Volume 1, Issue 1 President s Message Dear members, We had wonderful night of good food, fun conversations, and exciting baseball at our annual year-end social at the Iron Pigs game. The Iron Pigs played well and won 3-1 against the Charlotte Knights. Our past president, Bill Lees, did an excellent job organizing another great event and our secretary, Tony Sabino, did a great job with hosting the elections. I would like to thank all that attended and voted for me to be this year s president. I am honored and excited. Bill Lees has transitioned to the Vice President role, Tony Sabino remains as our Chapter Secretary, and Julian Kryemadhi joined the ranks as our Treasurer. Thank you guys! Thank you to our Board of Governors, Stephan Bonnet, Jodi Hartzell, Jim Mahoney, Marianne Marks, Jason Slabikosky, Harmony Smith, Jocelyn Theobold, Doreen Wynn, Darin Lueders, John Falk, Todd Havens, and Mark Yoder for their continued support. We are hosting a Fraud Session on September 21, 2015. Be sure to save the date as John Falk and Todd Havens have worked hard to plan this event with Paul Zikmund, Director Global Ethics and Compliance, Bunge Limited. Please reach out to any of the officers or Board members if you are interested in becoming involved in our chapter. We welcome new ideas on topics and locations as well as help in planning events. Take care, Bonnie Announcing our new President Bonnie Casella Inside this issue: Chapter Highlights Events 2-4 Chapter News Job Posting The LVIIA Chapter received Platinum status for the 2014/2015 year Chapter Nominations Announced 5 6 Chapter Tools 6-7 1 st Event planned for September 21 st Save the Date November 6 th Moving on Up, the Internal Audit Maturity Continuum 1
Events September 21, 2015 Full Day Event IIA/CFE Joint Fraud Session with Paul Zikmund, Director of Global Ethics and Compliance Bunge Limited Location: DeSales University 2755 Station Avenue Center Valley, PA 18034 Event Contacts: Todd Havens todd.havens@lvhn.org John Falk johnfalk@lehighcounty.org 8 CPEs 6 A&A, 2 Ethics Agenda 7:15-8:00 Buffet Breakfast/Registration 8:00 - Announcements & Administration 8:15 Morning Session 12:00-1:00 Buffet Lunch (Wraps /salads /soup /beverages) 1:00 Afternoon Session 4:00-4:30 Wrap Up Morning Session Keys to Conducting Successful Fraud Investigations Conducting investigations of fraud & compliance violations presents various risks to any organization. Organizations must develop and implement effective policies and procedures to reach the appropriate conclusions while reducing legal liability for the organization. This session is designed to provide participants with a roadmap for understanding the key elements of conducting successful compliance investigations. Through the use of a real-life case study, attendees will learn the following: 1. Key steps in any investigation 2. Navigating risks and avoiding pitfalls of compliance investigations 3. Managing physical and electronic evidence 4. Presenting investigative results 5. Managing sensitive issues 6. Remediation of misconduct Afternoon Session Auditing Ethics & Compliance, Hallmarks of an Effective Program An organizational compliance program is an important mechanism to help ensure effective governance. Auditing and evaluating compliance programs and controls is critical to the success of any program and not performed only to keep the regulators happy. Compliance with regulatory requirements and the organization s own policies is a critical component of effective risk management. A well designed and effectively administered compliance program helps organizations achieve business goals, maintain ethical health, support long-term prosperity, and preserves and promote organizational values. A well designed internal audit plays an important role for evaluating the effectiveness and efficiency of the organization s compliance program. In this session, attendees will learn the following: 1. Hallmarks of an effective compliance program 2. Auditing procedures for compliance programs 3. Communicating results to obtain best results 4. Determination of key compliance risks 5. Leveraging strategic partnerships to ensure success Please Register by Email JohnFalk@lehighcounty.org Deadline for registration is: Monday, September 14, 2015 (See next page for details) 2
Events cont d Speaker Bio Presented by Paul Zikmund, Group Vice President, Ethics & Controls Rite Aid Corporation Mr. Zikmund recently joined Rite Aid Corporation as their Group Vice President for Risk & Controls where he oversees the company s enterprise risk management program. Paul previously served as Director Global Ethics and Compliance, for Bunge in White Plains, NY where he managed programs and controls designed to promote an organizational culture committed to integrity, ethical conduct, and compliance with the law. He managed and conducted investigations of compliance matters, fraud and misconduct, and ethics violations. Paul assisted with the development and implementation of tools and techniques to mitigate fraud risk, administration of Bunge s fraud and compliance risk assessment process, and managed Bunge s third party risk management program. Prior to joining Bunge, Paul worked as the Senior Director Forensic Audit at Tyco International in Princeton, NJ and the Director Litigation Support Services at Amper, Politziner, & Mattia, LLP, in Philadelphia, PA where he was responsible for developing, implementing, and administering fraud risk management services to Tyco and to clients. He possesses nearly 28 years of experience in this field and has effectively managed global compliance and forensic audit teams at various Fortune 500 companies. Paul is a Certified Fraud Examiner, Certified Ethics and Compliance Management professional, and a Master Analyst in Financial Forensics. He received a Bachelor of Science degree in the Administration of Justice and a Certificate of Accountancy from The University of Pittsburgh. He continued his education with a Masters of Business Administration at the University of Connecticut, a Masters of Accountancy at Auburn University and a Masters of Business Ethics and Compliance at the New England College of Finance. Paul has authored various articles relating to fraud detection, prevention, and investigation. He speaks regularly at seminars and conferences on the topic of ethics, compliance, and fraud risk management. He also teaches graduate level fraud and forensic accounting, white collar crime, and auditing courses at Rider University in New Jersey, LaSalle University in Pennsylvania, and Carlow University in Pennsylvania. Event Registration Advanced payment is via PayPal is preferred. See website for details. http://www.theiia.org/chapters/lehighvalley Make your check payable to Lehigh Valley IIA and mail your check to: William Lees 3500 Corporate Parkway Center Valley, PA 18034 William.lees@olympus.com Price: IIA/ACFE Members - $180 Non-Members - $220 DeSales University Faculty/Students - $30 Law Enforcement, Retirees, Other Students - $50 Event Cancellation Policy Reservations for Chapter Events are first registered, first served. Payment for all events is preferred at the time of registration. Breakfast and Dinner meetings may be paid at the door, but cancellations after registration period cannot be refunded. Payments for any other Chapter event must be made no later than the close of the registration period. If payment is not made by this time, then stand-by registrants will replace unpaid registrants as attendees. The Chapter incurs fixed costs when arranging a Chapter event, so any cancellation (paid or unpaid) after the close of the event registration cannot be refunded, nor applied to a future Chapter event. 3
Events ***Save the Date***November 6, 2015 Moving on Up, the Internal Audit Maturity Continuum presented by Robert Mainardi, Founder and President of Mainardi and Company Location: PPL Electric Utilities Walbert Learning Center Event Contacts: Todd Havens todd.havens@lvhn.org **More details to be published** Agenda 7:15-8:00 Buffet Breakfast/Registration 8:00 - Announcements & Administration 8:15 Morning Session 12:00-1:00 Buffet Lunch (Wraps /salads /soup /beverages) 1:00 Afternoon Session 4:00-4:30 Wrap Up Morning Session Top 10 Characteristics of a World Class Internal Audit Function In this session, participants will learn the top ten characteristics of a world class audit organization. This top ten listing was compiled based on a two year research process of soliciting audit departments from around the world. For ease of discussion the top ten are broken down into two distinct categories of hard and soft each of which contains supporting bullets to explain the individual characteristics. Honest assessment questions will be incorporated to ensure everyone has a chance to present their perspectives on what world class really means to them. At the end, all will be asked to examine their own department and identify what characteristics they will need to focus on to improve the effectiveness and efficiency of their team. Afternoon Session Harnessing the Power of Continuous Auditing In this session, participants will be introduced to the continuous auditing concept as it defined and explain. They are guided through the explanation of what the tool is designed to accomplish when it is properly incorporated into an audit methodology. Learn the specific methodology steps to create custom continuous auditing programs as you work through the process from start to finish. Below are some highlights of this workshop. CA Defined Differentiating CA and Continuous Monitoring CA Methodology Overview o Foundation o Approach o Execution Identify CA Management Conditions to Sell the Program Review of CA Concepts and Lessons Learned After 21 years of working in Internal Audit profession in the financial services industry, Robert has started his own company which develops and facilitates custom internal audit training as well as evaluating, creating, and implementing formal audit methodologies. Prior to starting his company, he was the Vice President of Internal Audit for the Penn Mutual Life Ins. Co. and was responsible for the direction and oversight of the Internal Audit Department. He was responsible for Penn Mutual s internal audit activities, as well as those of its subsidiaries. Prior to joining Penn Mutual, he was a Senior Audit Manager for The Vanguard Group where he was responsible for the Investment Programs & Services and Methods & Infrastructure teams. Mr. Mainardi is an active member of the Institute of Internal Auditors (IIA) and has been a Distinguished Faculty Member for almost 20 years. His expertise and experience in continuous auditing has recently been recognized by Wiley & Sons in his published work Harnessing the Power of Continuous Auditing. He is a member of the Vision University Staff and continues to be a featured speaker at IIA and other professional association events each year as well as MIS Super Strategies, and Audit World; IIA International, GAM, GRC, All Star, Regional and District Conferences. He received a BS degree from The Pennsylvania State University where he majored in Accounting and Business Law. He also earned a master s degree in Finance from Temple University. Plus, he has merited the Six Sigma Green Belt certification from the American Society for Quality, which recognizes the recipient for unique expertise in problem-solving and statistical analysis. He also has earned the Qualification in Control Self-Assessment and is certified to perform Quality Assessment reviews. 4
Chapter News Highlights from the Iron Pigs Social Event 2015 Promoting the Profession for Internal Audit Awareness Month Chapter Leaders Nominated for 2015 5
Job Postings Auditor II - Northampton County Controller s Office Auditor II position available in the Northampton County Controller s Office. Position requires: Bachelor s degree in Accounting, Business, Finance, or a related field AND- at least two years of experience in accounting and auditing principles, practices and standards and basic experience of financial management and reporting methods, techniques and standards, or governmental auditing experience. Certification as a Certified Internal Auditor, Certified Public Accountant, or Certified Fraud Examiner is preferred but not required. Starting salary: $48,282 - $52,725 DOQ. Visit www.northamptoncounty.org and click on the Employment Opportunities icon for additional information. Interested applicants must submit an online application and attach a letter of interest and detailed resume in order to be considered. Copies of relevant certifications are preferred. Veteran s Preference if DD-214 copy is attached. Application deadline is July 24, 2015. Chapter Tools Benefits for Members Members only rates on conferences, seminars, and executive development through Vision University can save you hundreds of dollars Exclusive monthly Members only Webinars are part of your core membership benefits and provide you with CPE units without ever leaving your desk or paying additional fees. Members only rates for other specialty webinars and self study courses provide easy access to advance your knowledge from the convenience of your own desktop. Membership Updates You can check your information on line, right now! All you need is your ID and password. The link is: https://www.theiia.org/iia/profile/index.cfm. Please note: E mail and address changes will not be updated for Chapter purposes unless you have updated with the IIA. The Chapter is unable to update this information for you. Chapter website: http://www.theiia.org/chapters/lehighvalley IIA Lehigh Valley http://www.linkedin.com/groups?gid=2103301 6
Would you like to volunteer your time or resources to the Lehigh Valley Chapter? Please contact any officer listed in the newsletter! Would you like to participate in the Meet the Member section that will begin in the fall newsletters? Contact Jodi Hartzell for details jhartzell@hab inc.com Officers and Board of Governors 2015-2016 OFFICERS President - Bonnie Casella bonnie.casella@bakertilly.com Vice President Bill Lees william.lees@olympus.com Treasurer Julian Kryemadhi jkryemadhi@covanta.com Secretary Tony Sabino asabino@northamptoncounty.org BOARD OF GOVERNORS 2016 Jason Slabikosky Marianne Marks Jim Mahoney Dorreen Wynn 2017 Darin Lueders Mark Yoder John Falk Todd Havens 2018 Jodi Hartzell 7