Inside Auditing February 3, 2012

Transcription

1 Next Chapter Meeting Please join the Coastal GA Chapter of The IIA on Thursday, February 23, at The Pirates House on 20 East Broad Street for a 1-hour CPE program as Steve Weathers, President/CEO of SEDA, discusses Building Economic Success in Today s Global Economy. Lunch and Social 11:30 Program/Speaker 12:00-1:00 Mr. Steven W. Weathers, CEcD President & CEO Savannah Economic Development Authority (SEDA) Steve Weathers was named President and CEO of the Savannah Economic Development Authority (SEDA) and joined the staff in November Prior to his role at SEDA, Steve was the President and CEO of the Regional Growth Partnership (RGP) since September of 2005, where he also led Rocket Ventures as its President & Managing Director. During his time at RGP, the organization assumed a leadership role that led to the creation of more than 7,200 new high-paying, high-skilled jobs in the region. Rocket Ventures, the region s first ever pre-seed venture fund which Steve led the effort to create, grew to become a $22.5 million early-state investment fund comprised of $7.5 million of private investment capital, as well as a $15 million grant from the State of Ohio. Rocket Ventures created 77 new technology companies in a three-year period. Steve has been in economic development for more than 20 years, with 11 of those years in San Diego, California as Vice President of the San Diego Economic Development Corporation. Through the years, Steve has been involved in the attraction retention, growth and start-up of more than 500 companies. Some of his most significant and notable successes during his economic development career have been the attraction of the Novartis Genomic Research Center, Gateway Computers headquarters, the LEGO Theme Park and the SPAWAR Defense headquarters to the San Diego region, as well as the Page 1 of 8

2 attraction of the GEICO, Citigroup and Intuit Software national service centers to the Tucson region. Boards and Committees: International Economic Development Council (IEDC) Metropolitan Planning Organization Step Up Savannah, Inc. United Way of the Coastal Empire The Savannah Area Chamber of Commerce Savannah Technical College Foundation Georgia Tech Savannah The cost is $20 for members, $25 for non-members, and $12 for students and retirees. The cost for IMA & GSCPA members is $20. Lunch will be served. We will meet at The Pirates House on 20 East Broad Street, Savannah, GA Please contact The Pirates House at for directions, if needed. Deadline for registration is Friday, February 17, at 12:00 pm. Payment is due the day of the event. Please make checks payable to the Coastal GA IIA. Cancellation must be made within 72 hours of the event or registrant may be charged the full amount for the event. You may register for the meeting by contacting or by visiting The Coastal Georgia Chapter s website at Page 2 of 8

3 Hello Chapter Members! President s Message Thank you to everyone who attended our January meeting. We had a great turnout for Richard Chambers presentation on How Does Internal Audit Fit In. I can t wait to read his next blog to see if the title is still Internal Audit s Dirty Little Secret! Richard discussed the new IIA designation, Certification in Risk Management Assurance. If you are interested in earning the CRMA designation, act quickly! The time for qualifying based on your education and experience (rather than an exam) is running out. Don t miss this opportunity! If you still haven t mastered the CIA exam, don t forget The IIA s Certified Internal Auditor Learning System. Details are available in this newsletter and on our Chapter website. Our February meeting will be on Thursday, February 23. Our speaker will be Steve Weathers, President/CEO of the Savannah Economic and Development Authority (SEDA). He will discuss Building Economic Success in Today s Global Economy and will qualify for one hour of CPE. Please RSVP to Wendy McMillan or through the Chapter website. Best regards, Kelly Crosby, CIA, CPA Coastal GA Chapter President Kelly.Crosby@sccpss.com Page 3 of 8

4 Coastal Georgia Library Your regional IIA Chapter has its own library! Expand your knowledge and understanding of internal auditing. Check us out, you ll be surprised at the items we have available for you to peruse and borrow. We have books, CD s, handbooks, exam preparatory materials. A full listing of items in our library can be found on the IIA s Website under the Coastal Georgia Chapter section. Contact Pam Foster at fostepa1@memorialhealth.com for more information. Page 4 of 8

5 IIA announces Changes to CPE Requirements and Reporting Processes in 2012 Effective January 1, 2012, changes to the reporting period, Continuing Professional Education (CPE) requirements, and the reporting process will be implemented. The table below summarizes these changes. The full list of changes as approved by the Board of Directors is available in The IIA s Administrative Directive Number 4: Item Effective 1/1/2012 Reporting Period Reporting will now be done annually for all certified individuals. All candidates will be required to report every year versus every other year. Reporting Date Number of Hours Required for CIA Number of CPE Hours Required for CCSA, CFSA, CGAP, CRMA Specialty Certification CPE Requirements Required Attestations at Time of CPE Reporting Submission Failure to Report CPE Reinstatement Policy The reporting date is changing from May 31st to December 31st. 40 hours per year if practicing 20 hours per year if non-practicing 0 hours per year if retired 20 hours per year if practicing 10 hours per year if non-practicing 0 hours per year if retired 25% of CPE hours earned must be in the specialty area of expertise. Performs internal audit services in accordance with the Standards To abide by The IIA Code of Ethics To not bring The IIA into disrepute Confirming no criminal convictions since last reporting period Will result in an individual s certification status being moved to INACTIVE. The designation can no longer be used until the individual s CERTIFIED status in reinstated. If INACTIVE greater than 12 months, to reinstate, candidate will need to report 80 hours of CPE and pay reinstatement fee of USD $100 member or USD $250 non-member. Page 5 of 8

6 Why Good People Make Bad Decisions Diann Cattani Ms. Cattani studied business management and psychology while on a volleyball scholarship at Brigham Young University. Tuesday, February 7, :30pm Performing Arts Center She is currently a member of the Investigative Accounting Group (IAG), a firm specializing in forensic accounting and financial fraud investigations. Ms. Cattani will discuss: Fraud Fraud Rationales Red Flags Ethical Issues Her Experiences Join us for her compelling presentation Sponsored by: Georgia Southern University Fraud and Forensic Accounting Program Student Chapter of the ACFE School of Accountancy / College of Business Page 6 of 8

7 Upcoming Events IIA Coastal Georgia Chapter Schedule of Meetings/Events Date Meeting Topic Location Time Speaker CPE Fee Wednesday, 2/23/12 Building Economic Success in Today s Global Economy The Pirates House 20 East Broad Street, Savannah, GA, :30 1:00 Steve Weathers, President/ CEO of SEDA 1 hours $20 members $25 non-members $12 students $12 retirees Thursday, 3/22/12 Stay tuned! TBA 11:30 1:00 Dates are subject to change based on speaker availability. TBA 1 hour $20 members $25 non-members $12 students $12 retirees Page 7 of 8

8 CONTACT INFORMATION NEW OFFICERS BEGINNING JUNE 1, 2011 President Kelly Crosby, CPA, CIA Vice- President Savannah-Chatham County Public School System Wendy McMillan, CIA, CFSA The Savannah Bancorp, Inc. Treasurer Bev Plachy, CIA Secretary BOG, Past President BOG BOG BOG Georgia Ports Authority Monica Woods, CFSA The Savannah Bancorp, Inc. Tara Daniel, CIA Memorial University Medical Center Pam Foster, CIA Memorial University Medical Center Doreen Chery, CPA, CIA St. Joseph s Candler Health System Al Holzinger Words to Deeds Monica.Woods@savb.com DanieTa2@MemorialHealth.com fostepa1@memorialhealth.com CheryD@sjchs.org al.holzinger@yahoo.com Page 8 of 8