 IIA RESPONSE
TO SEC P ROPOSAL FOR
ENCHANCED DISCLOSURES…..1
FINISH S TRONG AND THE RIDDLE
MONTH ......................... 2
OF THE

IIA….. 3
ISACA TRAINING AND ABOUT THE
AND 4
October 2009
The Institute of Internal Auditors
HTTP://WWW.THEIIA.ORG/CHAPTERS/CENTRALARKANSAS
Central Arkansas Chapter
The IIA Responds to SEC Proposal for Enhanced Disclosures
The IIA recently responded to the U.S. Securities and Exchange Commission’s (SEC’s) proposed amendments to rules
to enhance the compensation and corporate governance disclosures registrants are required to make. These disclosures
include compensation policies, executive stock and option awards, director qualifications and legal proceedings, company leadership structure, the board of director’s role in the risk management process, and potential conflicts of interest
of compensation consultants.
In its response, The IIA commended the SEC’s proposal for enhanced disclosures as a significant and positive step, but
suggested a different approach in some areas. For example, rather than requiring that specific information be disclosed
for the investor to make a decision concerning the independence and objectivity of the compensation committee’s consultant, The IIA advocated a formal assessment of independence be made by the committee and included in the report
on Form 10-K. Additionally, The IIA shared its belief that disclosures related to the board of director’s oversight of risk
management should be strengthened by inclusion of a formal board assessment of management’s processes. The IIA
also included suggestions for consideration regarding an effective, independent, and resourced internal audit function.
“The IIA has long been an advocate for transparency in governance and we feel the SEC’s proposal, in general, is a significant and positive step toward advancing that objective,” said IIA President and CEO Richard Chambers. “Our response recommends a variety of approaches that we feel would enhance transparency and accountability — especially
regarding the board’s involvement in risk management and how it should relate to a variety of decisions, an issue that is
top-of-mind to investors after the significant corporate failures of late.”
The IIA’s complete response to the SEC’s proxy disclosures and solicitation enhancements can be downloaded from the
Responses to Regulators and Oversight Bodies section of The IIA’s Web site.
This article was found on the IIA website. For the link to the article click here.
The next Central Arkansas IIA Chapter meeting will be
on November 4th! We hope to see all of you there!
Finish Strong
In sports, it is not uncommon to hear
stories of how successful teams have
rallied in the face of adversity behind a
player, coach, or motto to stay motivated
throughout the season. An example of
this is the 2008 University of Florida
football team that attributed much of its
success to the motto “Finish Strong.”
Despite an unexpected, early-season setback, this motto permeated the lives of
players and coaches on and off the field
and “Finished Strong,” eventually winning the school's third national championship. The champions were motivated
to






Finish Strong in the classroom.
Finish Strong in the weight room.
Finish Strong in practice.
Finish Strong on every play.
Finish Strong in every game. Most
games are decided in the second
half.
Finish Strong every season. Very
difficult to win a championship if
you lose late.

Candidates preparing for the CIA
Exam can take this motto and apply
it to their study preparations.

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Finish Strong on each practice test.
Finish Strong each day you study.
Set a goal and meet it.
Finish Strong with your review. The
final days are when you should undertake a cumulative review and
focus on your weak areas.
Finish Strong when answering each
question on your exam. Put to use
the test-taking skills you have

Gleim Contact Information
learned.
Finish Strong at the exam center. Be
in control. You have done everything you can to be adequately prepared to PASS the exam. Remember,
there are others who are not as well
prepared as you.
Gleim Publications, Inc.
4201 NW 95th Blvd
Gainesville, FL 32606
800.874.5346 Ext. 147
This is something that carries over to
each of our lives. Finish your day strong
by ending it on a positive note. Finish
what you have started, and not just for
the sake of finishing it, but with the intention of doing the job well.
Fax 352.375.6940
Hours: Mon-Fri 8am-7pm
Website
http://www.gleim.com/
Gleim Discount
As a member of the chapter, you are eligible
for a 20% discount on Gleim's CIA Review
materials. In addition, the Chapter will receive 20% of your Online CPE purchase.
Keep in mind that as a Central Arkansas
IIA Chapter member, you will receive a
20% discount on the Gleim CIA Review
materials, which include over 3800 practice multiple-choice test questions.
To take advantage of the reduced prices,
please contact our chapter representative,
Melissa Leonard at 1-800-874-5346 ext
131.
Contact Melissa at 800.874.5346, ext.
131 or melissa.leonard@gleim.com to
take advantage of this offer or if you
have any questions.
This article was written by Melissa Leonard.
Riddle of the Month
See if you can solve the riddle of the month. The first to respond with the correct answer will be named the
“Riddler of the Month” in next month’s newsletter. Good Luck!
Good at math? Try this one....If 1=3, 2=3, 3=5, 4=4, 5=4, 6=3, 7=5, 8=5, 9=4, and 10=3. What does 15=?
Click here to email your answer.
Congratulations to September’s Riddler of the Month: Sarah Runyan, Windstream.
Last month’s riddle: Complete this sequence of letters: o, t, t, f, f, s, s, _, _, _. Answer: e, n, t.
Need CPE’s for your CISA, CISM, CGEIT, CISSP or other certification?
Got a limited budget for training and traveling?
Have we got a deal for YOU!
The Central Arkansas ISACA Chapter is holding a two-day workshop on Securing and Auditing
Your Remote Access Applications. Taught by MISTI instructor Ken Cutler, this seminar can help you
get a handle on your roaming users.
The combination of small office/home high-speed Internet service, virtual private networks, mobile
computing, and wireless technology have empowered a rapidly growing population of highly mobile, decentralized workers. These technologies have also unfortunately spawned opportunities to
create numerous backdoors on many enterprise networks for both inbound and outbound access. In
this diversified network security and audit workshop, you will explore the various wired network
access methods and issues associated with extending the reach of the enterprise network, in conjunction with and apart from the firewalled connections to the Internet and other public networks. You
will evaluate different security safeguards and audit procedures including: authentication mechanisms, enterprise authentication systems, end-point security, virtual private networks, and portable
computing device security. Topics covered include:
Risk analysis of remote access and mobile computing
Sorting out the choices for enhanced user authentication protocols and mechanisms
Remote access authorization procedures
Enterprise authentication systems: RADIUS, TACACS+
Trusted and secure virtual private networks (VPNs)
Remote control software - friend or foe?
Securing notebooks, tablets, smart phones, and PDAs and other mobile computing environments
Staying out of trouble with portable, removable storage media
Audit procedures for testing the security and controls remote access and mobile computing applications
Sound like something you can use? Keep reading! This seminar will be 2 days of training at the Verizon Wireless Regional Headquarters in Little Rock on November 12-13. Thursday’s session will be
from 8 am until 5 pm and Friday’s will be from 8 am until 3:30 because we know no one likes to stay
late on a Friday! If you went to Framingham, MA for this class, you’d be paying over $1500 just for
the course. Add in travel expenses and it could be twice that! For only $400, members will receive 15
CPE credits (non-member fee is $500). That’s less than $27 per CPE and we even feed you lunch.
For registration, go to www.ark-isaca.org and send a check or purchase order to:
Central Arkansas ISACA
P.O. Box 2305
Little Rock, AR 72203
C HAPTER
L EADERSHIP
About the IIA
2009-10 Officers
President........... Shannan Knudsen*
Vice President... …...Heather Harris*
Established in 1941, The Institute of Internal
seminars for professional development, and Web
Treasurer ............. Jonathan Adams*
Auditors (IIA) is an international professional
-based training; produces forward-looking edu-
Secretary.............. Open
association with global headquarters in Alta-
cational products; offers quality assurance re-
Committee Chairpersons
monte Springs, Fla., USA. The IIA is the internal
views, benchmarking, and consulting services;
Membership ......... Kyla Moran*
audit profession's global voice, recognized au-
and creates growth and networking opportunities
thority, acknowledged leader, chief advocate,
for specialty groups.
and principal educator. Members work in inter-
Website ................ Ryan Creswell*
Newsletter ............ Tina Lephiew*
Certification......... Michele Shroyer*
Scholarship/Academic Relations…Camesha
Young*
Chapter Audit ...... Ken Bland
nal auditing, risk management, governance, in-
The IIA also brings great value to its members
ternal control, information technology audit,
through Internal Auditor, an award-winning pro-
education, and security.
fessional magazine, and through other out-
Patrick Patton ...... At-Large
standing periodicals that address the profession’s
Curtis Summers ... At-Large
The world’s leader in certification, education,
most pressing issues and challenges and present
* Also holds a seat on the Board of Governors.
research, and technological guidance for the pro-
viable solutions and exemplary practices. And
fession, The Institute sets the International Stan-
in support of quality, professionalism, and ethi-
dards for the Professional Practice of Internal
cal practices, The Institute provides internal
Auditing and provides various levels of accom-
audit practitioners, executive management,
panying guidance; certifies professionals through
boards of directors, and audit committees with
the globally recognized Certified Internal Audi-
guidance for internal auditing and governance
tor® (CIA®) and specialty certifications in gov-
best practices.
ernment, control self-assessment, and financial
services; presents leading-edge conferences,
Institute of Internal Auditors Website
Have you visited the IIA Website lately? The Institute of Internal Auditors website
offers the latest news, discussion groups, e-learning, research reports and a forum for
connecting with other internal auditors. Here are a few pages that may be of interest
to you.
Professional Guidance
Periodicals
Certification
Bookstore
Training
Career
Center
Research Foundation
Chapters & Institutes
Membership
Board of Governors
C ONTACT
I NFORMATION
P.O Box 854
Little Rock, AR 72203
Phone: 501-303-5418
Fax: 501-303-5481
Newsletter:
Tina.M.Lephiew@wind
stream.com
Web:
http://www.theiia.org/
chapters/
centralarkansas