NEWSLETTER
MUSIC CITY NOTES
The monthly e-newsletter for the
Nashville Chapter of the Institute of Internal Auditors
MARCH 2011
Inside this Issue…
OFFICER MESSAGE
membership, we are hoping to include 1 or 2
We are now in the last quarter of our “Road to
Most importantly, we will soon begin identifying
Platinum” journey. It is hard to believe how
fast time has gone this year. I continue to be
1
impressed with the events and activities the
Announcements &
Reminders
2
the next three months. I would like to thank
Bridge Membership
2
Officer Message
Chapter has held and are on the schedule for
you all for your continued support of the
Chapter programs. Our attendance has been
phenomenal, which says much about our
Programs Committee, the Board of Governors,
New Members
3
as well as member feedback for the topics you
wanted to see. My goal as President this year
Employment
Committee Update
Newsletter Articles
3
was to “give back” to our Chapter membership
and raise the bar on the quality of our
3
About This
E-Newsletter
4
2010-2011 Officer &
Committee Listing
6
2010-2011 Board
Member Listing
6
programs, which were already outstanding. I
will speak more on this at our May Celebration,
hours of CPE as well. This should be a great
way to end the year!
members interested in serving the Chapter as
a Governor, Committee member or Officer next
year. This is an excellent opportunity to get
involved in a first-class professional
organization. I would like to personally solicit
Next Chapter Event
CIA Exam Review Course
Up to 14 CPE Hours (Depending on
Attendance)
Saturday & Sunday,
March 5-6, 2011
but want to say now how much I truly
8am to 4pm each day
appreciate the efforts of the Chapter leadership
Click here to register!
team and the support of our Chapter members.
As we look ahead to the last leg of our
journey, the Chapter still has several great
events scheduled. Our two-day event in April
is shaping up to be an outstanding learning
and networking opportunity. Our May
Celebration planning is also well underway. It
appears we will be returning to the Gaylord
Springs Clubhouse this year. We hope this
venue will provide an opportunity to expand our
attendance for this event. In addition to
offering this complimentary lunch to our
Next Chapter Meeting
The Four Cornerstones of
Leadership
1.5 CPE Hours
Tuesday,
March 8, 2011
11:30am to 2pm
Click here to register!
Next Chapter Event
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Save The Date!
1
March 2011
Deadline for registration is
your participation in the Chapter in any
capacity. Please let me know if you have any
questions or if you are interested in serving in
a particular function. We have a plethora of
opportunities available and I am confident we
can find one that meets your time commitment
requirements.
(Registration starts at 7:30am)
Part 1: Internal Audit Activity’s Role
Click here to register!
Sat, March 5 at 8am to 11:30am
Click here for the event brochure!
Part 2: Conducting the Engagement
Sat, March 5 at 12:30pm to 4pm
Part 3: Business Analysis & IT
I look forward to a successful quarter as we
complete our “Road to Platinum”.
Sun, March 6 at 8am to 4pm
Part 4: Business Mgmt Skills
Les Gray, CIA, CPA, CISA
Not reviewed live, but free access to the
Nashville Chapter President
ANNOUNCEMENTS
Audit Services internal audit manual will be
&
REMINDERS
provided for 60 days for use in review.
Speaker
Roger McDaniel, President of
Audit
Services www.auditservices.com
March CIA Exam Review
Course
CPE
Part 1 3.5 Hours
Part 2 3.5 Hours
Sat, March 5 & Sun,
Part 3 7 Hours
March 6, 2011
Cost
Location
Ezell Center, Room 205 at Lipscomb
University, Nashville
2
Noon on Fri, February 25, 2011.
Time
Parts 1 & 2 $100 Per Part
Enroll for Both $190
Part 3 $150
March Monthly
IIA
Luncheon
Tuesday,
March 8,
2011
Location
Lifeway Christian Resources
One Lifeway Plaza, Nashville
Time
11:30am to 2pm
(Registration starts at 11am)
Topic
The Four Cornerstones
Leadership
Parts 1, 2 & 3 $330
Lunch is NOT included.
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of
NEWSLETTER
Welcome New Members!
IIA Bridge Membership
Current Membership Statistics, as of February 18, 2011 Program for
Current Nashville Chapter Members: 459
Unemployed US
Members
The Nashville Chapter of the IIA welcomes our new newest members since January 2011:
Valerie Walker, Student
Understand the path to develop and
strengthen management and
leadership skills. Participants gain
clarity about requirements to
become a 21st century leader, as
well as insight into the challenges of
personal growth and change.
Braden Fulmer, Deloitte & Touche LLP
The 2010-2011 Nashville Membership
Membership Committee Chair: Shawn Ellison
Directory is available here for our members!
Speaker
Dan Haile, ACC, CPA, CIA
Program components:
of Haile Coaching & Leadership
Redbooks for Sale!
CPE
The Nashville Chapter currently has the
1.5 Hours
International
Professional
Practices
Framework (2009) books available for sale
Cost
Members $20
at $30.
Please contact Cindy Walker to
order and obtain your copies.
Please be
Government $10
aware that in October 2010 The IIA
Non-Members $25
announced 26 revisions to the International
Deadline for registration is
Noon on Thurs, March 3, 2011.
Click here to register!
2010-2011 Nashville
Member Directory
Available
In today’s downturn economy, it
is critical to stay ahead of the
competition and stay current in
your career. Your IIA
membership affords you that
opportunity. IIA members in the
U.S. who are unemployed due
to the current economic
environment and are actively
seeking employment may apply
to The IIA Bridge Membership
Program.
Standards for the Professional Practice of
Internal Auditing (Standards). The changes
took effect January 1, 2011.
Member Networking
 One-time, one-year
complimentary individual
membership
 Online access only to Internal
Auditor Magazine
To qualify for Bridge
Membership, you must be an
active member of The IIA for the
past two or more years and
actively seeking employment.
To take advantage of this
opportunity, you will need to
download the application
form and submit a written
request certifying you are
unemployed and meet the
qualifications of the program.
All documents should be sent
to:
Benefits
membershipdevelopment@theiia.org
As a result of the current economic
If you have additional questions
regarding this program, please
e-mail
environment, some members have recently
“separated” or been laid-off from their jobs.
and include your current IIA
member number.
membershipdevelopment@theiia.org.
The Nashville Chapter leadership wants to
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3
March 2011
encourage those members to continue to
IT Auditor
attend our monthly meetings and seminars.
FORBA Holdings, LLC
Therefore, we would like to be sure you
Senior Auditor
know that unemployed members may attend
Tennessee Board of
the monthly two-hour Chapter meetings for
FREE.
Probation and Parole
Attendance allows you to keep
IT Auditor
updated in the profession and network while
searching for jobs.
Kraft CPAs
Please pass this
IT Audit Senior
information along to Chapter members who
City of Clarksville
may not be receiving this e-mail due to their
Internal Auditor II
recent employment status change and ask
them
to
update
their
profile
at
Willis Group Holdings Limited
the
Audit Executive
International IIA website.
For more information, visit:
Nashville Employment Opportunities
Volunteers Needed
NEWSLETTER ARTICLES
Internal Auditing and The IIA Featured
The Nashville Chapter is seeking volunteers
on Internationally Televised CNBC
for 2011-2012 committees and committee
News
chairs. A variety of responsibilities and timecommitments are available.
Please contact
Bill Jackson to discuss your interests.
As the global voice of the profession, The
IIA continues to advocate on behalf of the
internal audit profession around the world.
EMPLOYMENT
COMMITTEE UPDATE
Tractor Supply Company
Senior Internal Auditor
Dollar General Corporation
IT Auditor II
Direct General Corporation
Senior Internal Auditor
Direct General Corporation
4
CNBC networks' most distributed show,
simultaneously available in more than 100
countries across the globe.
Chambers spoke about the very important
work of internal auditors, the corporate
governance practices that contributed to the
financial crisis, and how internal auditing can
play an important role in achieving better
governance and risk oversight in the future.
“It was an unprecedented opportunity for The
IIA’s voice to be heard in so many places
around the world at the same time,” said
Chambers. “The fact that we were asked to
be a guest on this program is proof that
stakeholders everywhere are recognizing the
value of internal auditing.”
View the segment here or view the segment
on YouTube at http://bit.ly/eUhj43. For
comments or questions, please contact
PR@theiia.org.
Initial Findings from IIA Global Study
Reveal a New Direction for Internal
Auditing
In the next five years the focus of internal
audit activities will differ significantly from
On Tuesday, January 25, IIA President and
CEO Richard Chambers appeared on
CNBC’s Worldwide Exchange, an
international daily pre-market cable news
program, featuring live broadcasts from the
United States, Europe and Asia. Anchors in
New York, London, and Singapore deliver
in-depth analyses of trends that impact the
international markets. Worldwide Exchange is
current practice, and it's important that
internal auditors at all levels — not just the
chief audit executive — keep up-to-date,
according to the first two reports from the
2010 Global Internal Audit Survey: A
Component of the Common Body of
Knowledge (CBOK) Study.
The findings are among the preliminary
results of the most comprehensive global
study ever conducted on the practice of
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NEWSLETTER
internal auditing. The study was conducted
 There is a significant increase in the
be purchased by nonmembers for US $25
in 22 languages by The Institute of Internal
percentage of internal auditors obtaining
each. Three additional reports will be
Auditors Research Foundation (IIARF) and
graduate-level and doctoral degrees.
released in the coming months:
includes responses from 13,582 participants
in more than 107 countries.
 Approximately 50 percent of the
respondents’ organizations will recruit
“It’s important for any profession to
more staff during the next five years, with
understand where it’s been, where it is
42 percent indicating that they will
today, and where it’s going,” said IIARF Vice
maintain current staff levels.
President Bonnie Ulmer. “This ongoing effort
allows the internal audit profession to stay

Measuring Internal Auditing’s Value

What’s Next for Internal Auditing?

Imperatives for Change: The IIA’s
Global Internal Audit Survey in
Action
The second research report, Core
Competencies for Today’s Internal Auditor,
The IIARF conducted the 2010 Global
provides insight regarding core competencies
Internal Audit Survey to provide perspective
According to Characteristics of an Internal
for today’s internal auditors and the use and
on global internal audit practices, trends, and
Audit Activity, the first report in the study's
effectiveness of The IIA’s International
insights as a practical resource for internal
five-part analysis, the major focus areas for
Standards for the Professional Practice of
auditing’s strategic planning and decision-
internal auditing in the next five years will be
Internal Auditing (Standards). According to
making processes. The IIARF’s CBOK study
corporate governance, enterprise risk
the study, the top competencies include
is funded solely by the William G. Bishop III,
management, strategic reviews, ethics
communication skills, problem identification
CIA, Memorial Fund in honor of the late
audits, and migration to International
and solution skills, and keeping up-to-date
president of The Institute of Internal Auditors.
Financial Reporting Standards (IFRS).
with industry and regulatory changes and
Auditors will place less emphasis on
professional standards. Understanding the
operational and compliance audits, auditing
business ranked as the most important
of financial risks, fraud investigations, and
technical skill.
E-NEWSLETTER
“In our dynamically changing environment,
To add or remove your email address from
relevant, vibrant and visionary.”
evaluation of internal controls.
Other significant findings from the first report,
the profession of internal auditing must be
which examines the demographics and other
carefully monitored and continuously
attributes of the global population of internal
analyzed to document its history, critically
auditors, include:
important insights, and key lessons learned
 More than half of the internal audit
organizations get their staff from transfers
within the organization, followed by
employment agencies and referrals from
professional affiliations.
 Internal auditors are entering the
profession at a younger age.
for future generations of internal auditors,”
said Ulmer. “Not only must we strive to
secure a robust portrayal of the current state
of the profession, but encourage practicerelevant research to inform and push the
boundaries of internal audit practice.”
The first two research reports are available
to IIA members as free downloads and may
ABOUT THIS
our distribution you may update your
member profile online or contact the Institute
of Internal Auditors Headquarters at 1-407937-1100.
If you have comment or
suggestions, please send them to Jennifer
Dakin.
IIA Global Nominations for 2011-2012
Officers and Board of Directors
The IIA Global Nominating Committee is
pleased to announce the nominees for the
Executive Committee, Directors at Large and
Institute Directors.
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5
March 2011
These candidates have agreed to serve
Representatives, and District Advisors are
3. Write it down. Put your goal on paper,
subject to election at the Annual Business
elected for one- or two-year terms. NA
and map out how many hours a week you
Meeting in Kuala Lumpur, Malaysia on July
Board officers are elected for one-year
are going to devote to studying. Sacrifices
13, 2011. The new leaders will take office
terms.
will need to be made. On a calendar, write
immediately upon election. All members are
invited to attend and may vote in person or
by proxy. Officers are elected for one-year
terms; Institute Directors, North American
Directors, and Directors-at-large serve one
or two year terms.
Click here to see the announcement of the
2011-2012 slate of nominees.
IIA North American Board Nominations
Announcement
The IIA North American (NA) Nominating
Committee is pleased to announce the
nominees for North American Board officers
and members and for the open district
advisor and representative positions. The
Central District #4 Representative,
Nashville’s own Cindy Walker, of GFCA, was
elected to a two-year term in 2010 and will
continue until April 2012.
These NA candidates have agreed to serve
subject to election at the North American
Membership Meeting at the Disney Yacht
and Beach Club Resort, Lake Buena Vista,
Florida, April 10, 2011, at 1:00 p.m. The new
NA Board members and district
representatives and district advisors will take
office upon election. IIA members in the
United States, Canada, Caribbean, and
Bermuda may vote in person or by proxy. All
North American members are invited to
attend. NA Board members, District
6
Click here to see the 2011-2012 slate of
nominees.
From Gleim: New Year, New Beginning
This year, Gleim Chapter Coordinator
Melissa Leonard took the first weekend in
January to decide what she is going to do
with 2011. Some of the goals she set are
adventurous, while others are a means of
self-improvement.
Many of you may have started your new
year off by saying, "In 2011, I will become a
CIA." Or, like others, decided there was no
point because you never keep resolutions
anyway. A negative attitude will make it
difficult to succeed. In the spirit of the new
year and its new beginnings, here are her
tips on how you can make a resolution and
keep it!
1. Think positive. From the beginning, tell
yourself what you plan to accomplish, set
your goal, and do it!
out how many study units a week you
should complete based on your time
available. The Gleim System for Success
has
4. Share your plans. Tell your friends or
family that you may need to sacrifice time
with them so that you can pass the CIA
exam. Remind them that a CIA certification
will lead to more job security and the
likelihood of a raise, and I guarantee most
will gladly let you off the hook. Friends and
family also make a great cheering section!
5. Schedule your exam early. By
registering for and scheduling your exam well
in advance, you will have (1) a testing date
that is convenient for you and (2) a finish
line that forces you to focus throughout your
study schedule.
6. Reward yourself. Candidates have
shared stories of rewarding themselves with
an ice cream or a small treat, while others
have a night out with friends. Any reward will
do, but it works best to determine what the
2. Make your goal realistic. Thinking you
reward will be before the week starts so you
are going to take and pass both parts of the
have something to look forward to.
CIA in two months is very unrealistic, and
you will be discouraged when you aren't able
to meet such high expectations. On the
other hand, don't set your goal to take one
part this year and one part next year; such
low expectations will lead to procrastination
and ultimately failure to accomplish your
goal.
7. Stay Motivated. Remember, after you
pass the exam, you will make more money,
it will be easier to find a job or get a
promotion, and you will gain a sense of
accomplishment and pride for passing this
difficult exam. In the area where you study,
keep a picture of a car you want, your
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NEWSLETTER
dream vacation spot, or your family as a
reminder of what will be accomplished once
you pass the exam. When you grow weary
of studying or making sacrifices, look at
these and find the motivation to continue on
with your preparations for passing the CIA
exam.
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.
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March 2011
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
8
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, Frazier, Dean & Howard
At Large, 2010-2013
Thad DelConte, Gaylord Entertainment Co.
At Large, 2010-2013
. . . . . . . . . . . . . . At .Large,. 2010-2013
. . . . . . . .
Bill Zotti, Deloitte & Touche LLP