CAE Spotlight
Janice Harissis
VP, Director Audit Services
Texas Instruments
TI Information – Selective Disclosure
A History of Innovation
Innovation in signal processing
has been the technology thread
throughout TI’s 80+ year history.
2010s
2000s
Introduces
world’s fastest
Creates
1980s
analog-tofirst apps
Introduces
digital
1970s
single-chip
single
chip processor for
converter
t and
d
Applies signal digital signal multi-media
lowest-power
cell phones
processing to processor
DC-DC
consumer
converter
products
1990s
1960s
1950s
1940
1940s
1930s
Invents the
handheld
calculator
Invents the
integrated circuit
Applies signal
measurement to
magnetic anomaly detection
Revolutionizes oil
exploration by measuring
reflected signals
TI Information – Selective Disclosure
IIndustry’s
d t ’
first 300mm
analog wafer
fab
TI’s Global Footprint
TI Revenue 2010 – 13.97 billion
• Businesses are managed globally
• Maintain a standardized set of
Policies and Procedures
• Mostly global systems
• A single
g instance of SAP
TI has manufacturing, design or sales in >30 countries, serving >80K customers
• Worldwide manufacturing puts TI products and service closer to you
design sales and applications: support deployed closer to our customers
• TI design,
gets you to market faster
TI Information – Selective Disclosure
Audit Services
Senior VP, CFO
Chair, Audit Committee
Janice Harissis
VP, Director Audit Services
Internal Controls
Compliance
Continuous
Auditing
& Forensics
WW Information
Technology Audits
Asia Region
Europe Region
Americas Region
Auditor
Auditor
Auditor
Auditor
Auditor
IT Auditor
Auditor
Auditor
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Auditor
Auditor
IT Auditor
Auditor
Auditor
Finance Rotation
IT Auditor
IT Auditor
Auditor
Auditor
Fi
Finance
Rotation
R
i
IT Auditor
A dit
IT Auditor
A dit
Auditor
Auditor
Finance Rotation
Auditor
IT Auditor
Auditor
IT Auditor
Auditor
IT Auditor
TI Information - Selective Disclosure
Best Practices
• Relationship – perceived as a
value partner
–
–
–
–
With management
With audit
dit customers
t
With external auditors
Other support functions
• Interaction with the Audit
Committee
p
• Staff Development
– Guest auditors
– Placement of auditors within TI
– College rotation program
• Audit Planning
– Questionnaire
– Individual interviews
TI Information – Selective Disclosure
• Continuous Audit Program
• IT Audit
– Staff
– Integrated approach
• Early Involvement
• Internal Control Testing
– Administered by audit department
– Controller’s Checklist
• Accounting Quality Review
follow up
• Audit Issue follow-up