NEWSLETTER
MUSIC CITY NOTES
The monthly e-newsletter for the
Nashville Chapter of the Institute of Internal Auditors
maybe you just laugh, challenge yourself to
see where Internal Audit can add value in your
APRIL 2011
Inside this Issue…
Officer Message
1
OFFICER MESSAGE
organization. You may have to produce a
If you’re like me, some of you are waiting until
analytics using tools such as ACL or IDEA to
later in the year to get the necessary CPE to
maintain your licensing requirements. Instead
Announcements &
Reminders
2
New Members
3
of waiting, take advantage NOW of the last
couple of great programs our Chapter has to
offer before the IIA fiscal year-end in May.
Don’t worry, we’ll start back up in September
with what I’m sure will be another great year of
Employment
Committee Update
3
Newsletter Articles
3
programs and seminars (since the NFL is in
lockout maybe we can just get the whole
Titans team to show up and speak!). As a
reminder, “Cloud Computing & Cyber-Security”
About This
E-Newsletter
4
(8 CPEs) will be on Tuesday, April 5, followed
by a lunch seminar the very next day
Wednesday, April 6 on Social Media’s Effect
2010-2011 Officer &
Committee Listing
5
2010-2011 Board
Member Listing
5
on Internal Audit. You will need to register
separately for each. Finally, planning for the
May end-of-year celebration is still underway.
Regarding the profession, I recently returned
from the General Audit Management (GAM)
Conference in Las Vegas – the IIA’s flagship
event for Chief Audit Executives and audit
management. With over 1,000 attendees, I
had the privilege to network with people in my
industry as well as bring back several great
ideas. Some of my key takeaways were: 1)
Ask yourself if your customers (the auditees)
couple of “wins” for your company (i.e. cost
savings identified, etc.) first. 2) Pursue
test 100% of the population instead of using a
sample approach. 3) Challenge the timing at
which you perform the risk assessments that
drive your audit plan. If you’re in an industry
experiencing regulatory or consumer changes
such as banking, retail or healthcare, you may
need to be refreshing risks throughout the
Next Chapter Events
Cloud Computing & CyberSecurity
8 CPE Hours
Tuesday, April 5, 2011
7:15am to 4:15pm
Click here to register!
Social Media’s Effect
on Internal Audit
1.5 CPE Hours
Wednesday, April 6, 2011
11:30am to 1pm
Click here to register!
would be willing to pay for what you offer/do.
If you have a hard time answering this or
Next Chapter Meeting
. . . . . . . . . . . . . . . . . . . . . .Chapter
. . Celebration1
Save The Date!
April 2011
year. 4) Finally, on a personal note, if you’re
frustrated with those around you, try reducing
your expectations of others and increase your
own.
I look forward to our closing out another
successful Chapter year and serving as your
Chapter President next year. See you at the
top!
& Cyber-Security
Lifeway Christian Resources
Before your company moves parts
of its IT environment to the cloud,
understand the unique risks
associated with cloud computing. In
addition, gain guidance for
improving and auditing the IT
information security environment
within your organization.
One Lifeway Plaza, Nashville
Speakers
Topic
11:30am to 1pm
(Registration starts at 11am)
Social Media’s Effect
Bailey Jordan, CIA, CISA, CPA, CPM ~
Bill Jackson, CPA, CIA
Nashville Chapter Vice President
Voting for the 2011-2012 Chapter Officers
will occur at the
May 13, 2011
luncheon. Members interested in serving
should contact Les Gray or Bill Jackson.
ANNOUNCEMENTS
REMINDERS
&
Partner, Grant Thornton LLP
on Internal Audit
Matt Thompson, CISA
The session will provide
demonstrations of Social Media
tools with specific applications to
business and internal audit.
~ Sr Manager, Grant Thornton LLP
CPE
8 Hours
Speakers
Chase Whitaker, CPA, CIA
~ Internal Audit Director, HCA
Cost
CPE
1.5 Hours
Single Ticket $120
Cost
Members $20
Government $10
Non-Members $25
Group Discount (3+ per Co) $100
Bridge Member: $100
Deadline for registration is
April IIA Events
Noon on Thurs, March 31, 2011.
Tuesday,
Cancellations will be accepted until March
April 5, 2011
refunds issued after March 28, 2011.
Location
Lifeway Christian Resources
One Lifeway Plaza, Nashville
7:15am to 4:15pm
(Registration starts at 7am)
Topic
Cloud Computing
Deadline for registration is
Noon on Thurs, March 31, 2011.
Click here to register!
28, 2011 with a $25 cancellation fee. No
Substitutions are acceptable.
Redbooks for Sale!
Click here to register!
The Nashville Chapter currently has the
International
Professional
Practices
Framework (2009) books available for sale
Time
2
Time
at $30.
Please contact Cindy Walker to
Wednesday,
order and obtain your copies.
Please be
April 6, 2011
announced 26 revisions to the International
aware that in October 2010 The IIA
Standards for the Professional Practice of
Location
. . . . . . . . . . . . . . . . . . . . . . . .
NEWSLETTER
Internal Auditing (Standards). The changes
2 Hours
Speaking events by Academic Relations
took effect January 1, 2011.
May Celebration
Friday,
May 13, 2011
Location
Gaylord Springs Golf Links Facility
18 Springhouse Lane,
Nashville at 615.458.1730
Time
Committee (ARC) members at local colleges
Cost
and universities often raise inquiries from
FREE!!!!
students, faculty and administrators about
This event is complimentary to the Chapter
opportunities for accounting/auditing majors
membership so sign up early. You will not
to participate in internship programs with
want to miss this event.
Chapter member companies. Because of our
close ties, the ARC believes we are in a
Check out the Nashville IIA website to
register shortly!
Topic
Nashville IIA Celebration Event
The Chapter comes together to celebrate the
2010-2011 year. This event promises to be a
blast with great food, giveaways, recognition
and fellowship. In addition, a four-man golf
scramble will immediately follow for those
interested.
Chapter
membership
regarding
the
availability of such opportunities.
Volunteers Needed
The Nashville Chapter is seeking volunteers
for 2011-2012 committees and committee
chairs. A variety of responsibilities and timecommitments are available.
Please contact
Bill Jackson to discuss your interests.
11:30am to 2pm
(Registration starts at 11am)
unique position to help coordinate with the
2010-2011 Member
Directory Available
The 2010-2011 Nashville Membership
Directory is available here for our members!
If your company or government agency
offers internships, please contact one of the
ARC members via the hyperlinks below with
the
details,
including
the
following
information:
 Term of the internship (Fall, Spring, Summer)
 Paid or unpaid internship
 Qualifications and conditions for appointment
 Examples of duties and responsibilities
 Contact name, e-mail and phone number
 Any other relevant information
This information will be forwarded to Chapter
contacts at local colleges and universities for
dissemination to interested students.
Academic Relations
Committee Seeks Intern
Opportunities
CPE
. . . . . . . . . . . . . . . . . . . . . . . .
3
April 2011
updated in the profession and network while
ARC Committee Members:
searching for jobs.
Phillip McGovern, TN Dept of
information along to Chapter members who
Transportation
may not be receiving this e-mail due to their
Tim Staggs, Healthcare Realty
recent employment status change and ask
Pam Lewis, Deloitte
them
Jennifer Sturgeon, FDH Consulting
International IIA website.
Laurie Vrabcak, Gaylord Entertainment
EMPLOYMENT
Chris Schiro, Gaylord Entertainment
David Shipley, Deloitte
to
update
Please pass this
their
profile
at
the
Compliance Medicare Auditor
Dollar General Corporation
Benefits
Internal IT Auditor II
FORBA Holdings, LLC
As a result of the current economic
Tennessee Board of
“separated” or been laid-off from their jobs.
Probation and Parole
The Nashville Chapter leadership wants to
IT Auditor
encourage those members to continue to
Therefore, we would like to be sure you
FREE.
Attendance allows you to keep
If you are interested in becoming a
contributor or know of a leading internal
audit expert, details are included for the IIA
Audit Executive Center and Internal Auditor
Magazine here.
New Tone at the Top Newsletter:
Evaluating Corporate Culture
The latest edition of Tone at the Top
explains the importance and “how-to” of
evaluating an organization’s soft controls
For more information, visit:
Nashville Employment Opportunities
know that unemployed members may attend
the monthly two-hour Chapter meetings for
publications, books, research and thought
Senior Auditor
environment, some members have recently
attend our monthly meetings and seminars.
The IIA is looking for contributors for our
Research Foundation, IIARF Bookstore,
HealthSpring
Member Networking
Researchers and Contributors
leadership.
COMMITTEE UPDATE
John White, FDH Consulting
The IIA is Seeking Authors,
around corporate culture.
This is essential to providing management
and the board assurance that the
NEWSLETTER ARTICLES
organization will not join the ranks of those
that have been brought to their knees by
Welcome New Members!
Current Membership Statistics, as of March 18, 2011
Current Nashville Chapter Members: 461
The Nashville Chapter of the IIA welcomes our new newest members since February 2011:
4
Scott Anderton, HCA
Angela Hooker, LifePoint Hospitals Inc
Chris Carrico, CIA, Ardent Health Services
Harry Mayo, Ardent Health Services
Mike Eakins, CIA, Ardent Health Services
Ryan West, Ardent Health Services
Henry Enriquez, Bridgestone Americas Holding, Inc
Bill Whitfield, Ardent Health Services
. . . . . . . . . . . . . . . . . . . . . . . .
Erik Furse, LifePoint Hospitals Inc
NEWSLETTER
lagging ethics and a weak corporate culture.
These are just a few of the findings
To guarantee success, avoid studying
Read the new issue at
uncovered by The Institute of Internal
multiple-choice questions merely to learn the
http://www.theiia.org/periodicals/newsletter
Auditors Research Foundation's (IIARF's)
correct answers. Begin studying each new
s/tone-at-the-top.
groundbreaking 2010 Global Internal Audit
topic by taking a multiple-choice quiz to
Survey, released at The IIA's General Audit
practice answering questions you feel less
Members are also asked to take the Readers
Management Conference in Las Vegas. The
confident about. Use these pre-test sessions
Survey to tell us what you think of Tone at
study, a component of The IIARF's ongoing
to practice both your question-answering
the Top:
Common Body of Knowledge (CBOK)
technique and your educated-guessing skills.
http://www.theiia.org/tonetopsurvey.
project, represents a two-year effort to
A good educated guesser will outperform the
collect and analyze responses from 13,582
inexperienced exam taker. Our most
Tone at the Top provides executive
practitioners in 22 languages and more than
successful candidates expect the unexpected
management, boards of directors and audit
107 countries. It's the most comprehensive
and are prepared to deal with it.
committees with concise, leading-edge
global study ever conducted on the practice
information on such issues as ethics, internal
of internal auditing, and its completion —
control, governance and the changing role of
marked by the release of five survey
internal auditing; and guidance relative to
analysis reports — signifies merely the early
their roles in, and responsibilities for, the
stages of an unprecedented effort to
internal audit function.
understand and improve the practice of
internal auditing globally.
Your colleagues and audit committee and
board members are invited to receive
Read more here.
complimentary subscriptions to Tone at the
Top. Register online at
http://www.theiia.org/periodicals/newsletter
s/tone-at-the-top/tone-at-the-topsubscription-main-page/.
Practice of Internal Auditing Globally
To meet the ever-demanding needs of their
stakeholders, today's internal auditors must
move beyond traditional internal control and
assurance activities and sharpen their focus
on risk management, governance processes,
and enhanced use of audit technology and
automated tools.
another common mistake when preparing for
this type of exam. While memorization may
have been useful on some of your past
undergraduate exams, a deeper
understanding of the topics is required to
pass the CIA exam. The Gleim CIA Review
System is designed to help candidates fully
comprehend the concepts rather than merely
memorize the relevant material. For this
From Gleim: Memorization is Not
Learning
As you begin your journey to becoming a
CIA, it is important to remember that the CIA
Unprecedented Study to Improve
Memorizing the outlines or concepts is
exam is non-disclosed. Therefore, the
questions on the exam will not be identical
to those found in review provider material.
While some questions may be similar, others
will be completely new to you. Due to the
large volume of tested topics, you must
adjust to answering questions that appear
very difficult or that you have never seen
before.
reason, we do not employ flash cards or
other methods of rote memorization that
provide a false sense of accomplishment and
a likely disappointing outcome on the actual
exam. Instead, you must learn the concepts
so you can answer even the most contorted
of questions, including those you have never
seen before.
You don't want to spend time memorizing
questions or topics tested on the CIA exam
to the detriment of comprehending concepts
in the same way you don't want to simply
memorize one route to work and use it every
day no matter what. When you have just
one set of roads or one train schedule
. . . . . . . . . . . . . . . . . . . . . . . .
5
April 2011
memorized and you have never looked at a
map of the area or an alternate schedule, it
is difficult if not impossible to adapt or adjust
to unexpected road blocks or train delays.
If, however, you have a knowledge of
alternatives, you will be able to react quickly
and make the best possible adjustment given
the set of circumstances. This ability to be
flexible helps you arrive at any destination –
be it work or CIA certification - quickly and
with the least amount of stress or insecurity.
Contact Melissa Leonard at 800.874.5346
Ext 131 or Melissa.leonard@gleim.com to
take advantage of your Nashville chapter
20% discount for Gleim materials or if you
have any questions. Gleim has been
helping CIA candidates pass the CIA Exam
since 1980.
6
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NEWSLETTER
2010-2011 OFFICER & COMMITTEE LISTING
Officers
President & Board Member: Les Gray at 615 429 5216
Vice-President & Board Member: Bill Jackson at 615 440 4899
Secretary & Board Member: Kristin Parks at 615 277 8414
Primary Treasurer & Board Member: Ginger Greene at 615 744 3603
Committee Chairs:
Audit: Christine Skold
Membership: Shawn (Larimore) Ellison
Historian: David Hughes
Awards: Bill Jackson
CIA Program/Review: Bob Wilmore
Employment: Todd Liebergen
Hospitality: Dennis Allen
Nominating: Bill Jackson
CAE Roundtable: Dr. Perry Moore
Newsletter: Jennifer Dakin
Public Relations/Meeting Surveys: Open for Volunteers
Advanced Technology: Damon Work
2010-2011 BOARD
MEMBER
LISTING
Directory:
Mike Carlson
& Glennette Wimmer
Academic Relations: Phil McGovern & Tim Staggs
Gregory Butler, Emdeon Business Services
At Large, 2008-2011
Programs/Seminars: Cindy Walker & Jason Dean
Sandy Durbin, Nashville Electric Service
At Large, 2008-2011
Paul Randolph, Cracker Barrel
Government Affairs: Mark Swann & Emmanuel Marcella
Bob Wilmore, Robert Half Management Resources
At Large, 2008-2011
Long Range Planning: Damon Work & Kim Phegley
At Large, 2008-2011
Jonathan Goode, Healthways
President,
Meetings & Attendance: Cindy Walker, Perry Moore &Past
Ginger
Greene 2008-2011
Michele Baron, Nissan North America, Inc
At Large, 2009-2012
David Hughes, HCA
At Large, 2009-2012
Dr. Perry Moore, Lipscomb University
At Large, 2009-2012
Walter Vance, American International Group
At Large, 2009-2012
Cristen Osborne, Dollar General Corporation
Past President, 2009-2012
Tim Staggs, Healthcare Realty
At Large, 2010-2013
Laurie Vrabcak, Gaylord Entertainment Co.
At Large, 2010-2013
Damon Work, Frasier, Dean & Howard
At Large, 2010-2013
Thad DelConte, Gaylord Entertainment Co.
At Large, 2010-2013
. . . Bill. Zotti,. Deloitte
. .& Touche
. .LLP . . . . . . . . . At .Large,. 2010-2013
. . . .
7