Derby City

MESSAGE FROM THE PRESIDENT Did you know that in the month of March in 1790 the first United States Census took place? Per the United States Census Bureau, Thomas Jefferson then serving as Secretary of State, directed marshals to take a census in the original 13 states, plus the districts of Kentucky, Maine and Vermont, and the Southwest Territory now Tennessee. According to historians George Washington and Thomas Jefferson were not confident in the final count. Think about the challenges of collecting such data and performing Data Analytics without the technology we take for granted today. As we evolve our audit shops Data Analytics only becomes more and more critical. To support the need to grow our expertise in Data Analytics, our Chapter is excited to have Mr. Excel host an all-day seminar on March 22nd. The day will be split into two segments with a Power Excel

class in the morning and an Advanced Data Analytics class in the afternoon. Register now as early bird pricing ends February 28th. From a different point of view, Adam Keal will present “Robotics and Process Automation” at our upcoming lunch meeting, March 14th. Also, Junior Achievements in a Day is March 28th. It is a great way to give back to the children in our community. Don’t forget to sign up today!

Please take the time to complete our member survey found in this month’s newsletter. We value the feedback and incorporate suggestions into our meeting programs and seminars. With your participation we can continue to address the needs of our chapter.

Have a wonderful March, focus on the warm weather to come in spring, and join us at our upcoming events. Sasha Pavoni, CPA, CIA, MBA Louisville IIA Chapter President

SPECIAL POINTS OF INTEREST

March Monthly

Luncheon Meeting

Spring Seminar

Local IIA News

National IIA News

NEWSLETTER SUBMISSIONS

The newsletter will be published monthly from September 2016 through May 2017. If you have a request for a submission please email the information to kgraham@pbibank.com and your submission will be included in the next month’s issue.

Twitter Page LinkedIn Group AuditChannel Facebook Page Chapter Homepage

Louisville IIA Chapter News Disclosures

MARCH 2017

MONTHLY CAP UPDATE During the month of January, the Louisville Chapter held its monthly luncheon meeting on the topic “How to Prepare for Audit Committee and Board of Director Expectations from Cybersecurity and Audit”. At this meeting, a representative from Junior Achievement spoke to the group about our annual “JA in a Day” event at Sanders Elementary on March 28th. An afternoon meeting was also held on the topic “Anti-Money Laundering and Terrorist Financing”. CIA certifications were recognized on the CAP Report for members Monika Vowels, Craig Barker, Myhanh Pham, James Tencza, and the CRMA certification for Glenn Reed. Congratulations to you all! The CAP total is currently 614 and the categories are listed below. Service to Members – 273 Service to Profession – 168 Chapter Administration – 173

Please email the CAP Chair with any questions.

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MARCH MONTHLY MEETING

Date: Tuesday, March 14, 2017

Registration: 11:30 a.m. - 12:00 p.m. ET

Meeting Time: 12:00 - 1:00 p.m.

Presenter(s): Adam Keal

CPE credits: 1 hour

Cost: Member Price: $25

Non-Member Price: $30

Location: Bristol Bar & Grille—Downtown

614 W. Main St.

Louisville, KY 40202

Registration: Here

PRESENTATION SUMMARY We are excited to present “Robotics and Process Automation.” Robotics Process Automation (“RPA”) can fundamentally change the way companies work by automating process activities through the use of software (e.g. robots). Widespread adoption would alter the size and composition of your company’s workforces. This, combined with the use of RPA in the audit function will fundamentally shift the way auditors plan and execute their audits.

PRESENTERS’ PROFILES Brad Thiessen Adam Keal is a Senior Manager in the Advisory Services practice of Ernst & Young LLP. Adam is responsible for the delivery of EY’s Advisory services across a wide range of industries and competencies, with extensive experience in financial audit support. Adam has over 12 years of IT audit and IT consulting experience, with a focus on IT risk. Adam has broad knowledge over business process and IT system integration, control optimization engagements and various regulatory requirements (AICPA, PCAOB).

LUNCH MENU

The monthly meeting includes your choice of one meal selection:

Classic Caesar Salad Tossed in our house made Caesar dressing and topped with Parme-san Cheese & croutons

BLT Wrap

Locally raised Stone Cross Farm bacon, lettuce, tomato & herb pesto wrapped in a flour tortilla. Served with chips.

Farfalle Panna Rosa

Farfalle pasta tossed

with a sundried tomato,

diced tomato, and par-

mesan cream sauce.

Turkey Sandwich Smoked turkey breast, Cheddar cheese, lettuce & tomato on toasted wheat bread (Packet of mayonnaise & mustard on the side). Served with chips.

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SPRING SEMINAR

QUALITY ASSESSMENT REVIEW

In 2013 the chapter be-gan a Quality Assessment Review program. Partici-pants attended an IIA training that instructed them on how to perform third party validation reviews of internal audit department’s compliance with the International Professional Practices Framework. The audit departments that were interested paid an extra fee and sent a staff mem-ber to the training and for their commitment of staff and money would receive a third party validation. A few participants agreed to volunteer to partici-pate in at least one exter-nal validation. We have received some interest from a couple of departments interested in the chapter program. We are reaching out to the membership to deter-mine the continued inter-est in this program. Please click here to take a short survey. To date, the chapter has performed three validations. We have two departments that are in the process of getting ready to receive an external validation of their self-assessment.

Date: Wednesday, March 22, 2017

Registration: 8:00 a.m. - 8:30 a.m. ET (each day)

Meeting Time: 8:30 a.m. - 5:00 p.m. ET (each day)

Presenter(s): Bill Jelen

CPE credits: 8 hours

Cost: Member Price: $250 before 2/28; $275 after

Non-Member Price: $275 before 2/28; $300 after

Location: Republic Bank Springhurst

Community Room (Lower Level)

9600 Brownsboro Road

Louisville, KY 40241

Registration: Here

PRESENTATION SUMMARY Our Chapter is excited to announce our MR EXCEL seminar which will be held on March 22, 2017. The day will be split into 2 segments with a Power Excel class in the morning and an Advanced Data Analytics class in the afternoon. See additional details below. Power Excel You use Excel 40 hours a week, but do you really know how to unleash the power of Excel? Learn cool secrets and tricks lurking on the Data menu. Learn the ins and outs of Pivot Tables (from the guy who wrote the book on pivot tables!). Create slick charts in a single button click. Add thousands of subtotals in seconds. Don’t be tortured by bad data any longer. See new features such as Power Pivot and Excel for the iPad. Participants in the session will receive a copy of Jelen’s book, MrExcel XL - 40 Greatest Excel Tips of All Time. Jelen loves new questions and will incorporate them in the seminar. Send your Excel questions in advance via e-mail or bring them to the seminar. Jelen promises, “If you use Excel 20 hours per week, you will save 50 hours each year by attending this seminar!” Advanced Data Analytics This class will go into more details about pivot tables. Learn how to take poorly formatted data and convert it to data suitable for pivot tables. Use VLOOKUP to match two lists. Understand new tools such as Power Pivot, Power View and Power Map. See how to use Pivot Tables for frequency distributions, true Top 10 reports, pareto analyses. Learn several ways to find duplicates or a unique list of values. Create stratifications, look for outliers, and pull random samples. Participants in the session will receive a copy of Jelen’s book, Power Excel with MrExcel - 567 Excel Mysteries Solved. Although a laptop is not required, feel free to bring a laptop to the seminar.

PRESENTERS’ PROFILES Bill Jelen Bill Jelen is the host of MrExcel.com and the author of 49 books about Microsoft Excel including Excel Gurus Gone Wild, Pivot Table Data Churning, and Excel 2016 In Depth. He has made over 80 guest appearances on TV’s Call for Help with Leo Laporte and was voted guest of the year on the Computer America radio show. He writes the Excel column for Strategic Finance magazine. He has produced over 1900 episodes of his daily video podcast Learn Excel from MrExcel. Bill will enterain you while showing you the powerful tricks in Excel. Before founding MrExcel.com in 1998, Jelen spent twelve years “in the trenches”, as a financial analyst for the accounting, finance, marketing, and operations departments of a publicly held company. Since then, his company automates Excel reports for hundreds of clients around the world. The website answers over 30,000 questions a year—for free—for readers all over the world. Jelen joins us from Merritt Island, Florida.

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LOCAL IIA NEWS

MEMBERSHIP ANNIVERSARIES

ATTENDANCE CHANGES Please note that the Lou-isville Chapter is responsi-ble for the advance cost of materials, resources, speaker fees as applica-ble, and catering for our seminars and lunch meetings. Our program profits are reverted back to the chapter and com-munity via future events for our members and scholarships for our local students. We have expe-rienced an increase re-quest for reimbursement for a cancellation made the day of an event. Timely notice will prevent our chapter from incur-ring avoidable costs from inaccurate attendance totals. Our policy is that cancelations and/or changes to the attendees must be made 7 days prior to a seminar and 24 hours prior to a lunch meeting. Thank you for under-standing.

OFFICER ELECTION Elections for Governors and Officers took place at our February lunch meeting. I want to congratulate Sonja Heath as our incoming President, Mame Balla Sarr as our incoming Vice President, and Brittany Schaefer and Jenni Schelling for continuing their roles as Treasurer and Secretary, respectively. I also wanted to say thank you for the years of service by Jodi Renn, Ann Bauer, and Derrick Singletary as Governors. Their support to our chapter has been invaluable. We are excited and welcome Craig Robinson, Glenn Reed, and Whitney Reh as our new Governors.

JOB OPPORTUNI-

TIES

The local chapter has job opportunities posted on the chapter website

here.

Date Topic Speaker

3/14/2017 Robotics and Process Automation Adam Keal

3/14/2017 Mystery Fraud Training (IMA Event) Tim Hungerford

4/11/2017 Current Status of IT Audit Jamey Reynolds

4/11/2017 IIA Law Day (Central Kentucky) James Fargason

4/25/2017 TBD Kentucky Auditor of Public Accounts Representative

5/X/2017 TBD TBD

TONE AT THE TOP AWARD The Louisville Chapter is introducing the inaugural Tone at the Top award this May 2017. The award recipient will be selected from the nominees made by our chapter members. We are asking our members to nominate a person that they work with that supports the internal audit function and sets an ethical climate at the organization. This person may work in internal audit, or may be a leader in the organization or serve on the Board of the organization. Nominations are due March 31, 2017. A committee of the Board of Governors will review the nominations and make a selection based on the applications received. The winner will be invited to attend the May meeting and receive a plaque and highlighted on the Chapter Website. Please submit your nominee to spavoni@humana.com.

Year Name

10 Years Jennifer Vittitoe

15 Years Scott Shelton

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LOCAL IIA NEWS

JA IN A DAY

The Louisville Chapter of the Institute of Internal Auditors will be volunteering again at Sanders Elementary, for our 9th year! We will be volunteering on Tuesday, March 28th. The teaching time will be 12:30-3:30. We will be instructing all classes for grades Kindergarten—2nd. You are welcome to invite your fellow auditors to participate—we will need 18 volunteers. We will offer a training class so you can gather your JA materials, get your class list, and have any questions answered. Training will take place on Tuesday, March 21st from 12:00-1:00pm at the Human Internal Audit Office, 101 S Main Street—PNC Tower, 9th floor. Please register here to sign up to volunteer. When you sign up you will be able to select your preferred grade and the training date that best fits your schedule. Looking forward to another successful year, thanks to your help!

CALL FOR VOLUNTEERS

A list of current chapter

committees is on page

seven. Chairpersons for

each committee are ap-

pointed each year by the

newly-elected chapter

president. Volunteers are

needed to work under

the direction of commit-

tee chairpersons.

Remember that you help

shape the success of the

chapter through your

volunteering efforts. If

you have not previously,

or recently, served on a

chapter committee,

please seriously consid-

er volunteering. If you have an interest in a certain committee and would like to serve, or have questions about specific committee re-sponsibilities, please con-tact Sasha Pavoni or Son-ja Heath.

CIA CERTIFICATION NEWS

Jessica Jetton completed the requirement for the Certified Internal Auditor (CIA) program and has therefore earned the Certified Internal Auditor (CIA) designation. Effective April 1, 2017, there will be an increase for IIA Certification application, registration, and CPE/CPD reporting fees. If you plan to apply to register for an IIA certification, consider taking action now, before the fee increase on April 1, 2017. To learn more, visit the Certification Fee Increase web page. If you have any questions, please submit an incident in CCMS.

CIA Review Course Sullivan University is in the planning stages of preparing to offer a CIA Review Course. Specifically, there are trying to gauge partition and timing. Due to lack of interest for a February session the course is now being targeted for the first half of March or the first half of April. If you are interested in attending the course or would like to provide a suggestion regarding the timing please email Bob Aemmer, Certification Chair.

MEMBER SURVEY

Please participate in our Annual Member Survey. This is the best way for our Chapter to gage meeting and seminar topics that will benefit our members, identify areas for improvement, and grow our involvement. The survey will only take a few minutes to complete. Participants will be placed in a drawing for a $50 gift card. We value your feedback.

Page 6 Derby City Disclosures

NATIONAL IIA NEWS

FUTURE IIA SEMINARS AND CONFERENCES

Conference Date Location

General Audit Management Conference

March 20-22, 2017 Orlando, FL

Gaming and Hospitality Conference

April 19-20, 2017 Las Vegas, NV

Western Regional Conference June 6-9, 2017 Anaheim, CA

International Conference July 23-26, 2017 Sydney, Austrailia

GRC Conference August 16-18, 2017 Dallas-Ft. Worth, TX

UPCOMING IIA WEBINARS

Trusted Advisors: Key Attributes of

Outstanding Internal Auditors

March 28, 2017

1:00—2:00 p.m. ET

Auditing Security Monitoring

April 18, 2017

1:00—2:00 p.m. ET

CPE credit is available for those attending live broadcasts of IIA members-only webinars and guidance briefings, and completing polling questions. Registration is required.

MANAGING YOUR AUDIT CAREER IIA President and CEO Richard Chambers, CIA, CGAP, CCSA, CRMS, has recently shared his personal reelections and insights through his blog. We wanted to share with you a few of these with our members. Check out the links to read more. There is No Room for Fake News or Alternative Facts in Internal Audit Click Here for the full article. I have been thinking of late about a common expression in America that comes from the classic television show, "Dragnet." The protagonist of the gritty police series, Sgt. Joe Friday, is forever linked to the expression, "Just the facts, ma'am." Nowadays, it seems getting just the facts is easier said than done. The debate emanating from Washington, D.C., about "alternative facts" and "fake news" has served as fodder for the media, political pundits, and late-night talk show hosts. But it should be particularly troubling to anyone who works in internal auditing. One of the fundamentals of our profession is communicating the results of our audits in a clear, concise, and objective manner, and there should never be disagreements over our final reports when it comes to the facts. One definition of fact is, "anything that is indisputably the case." This definition, while seemingly straightforward, leaves wiggle room for those who want to debate what is indisputable. And it is one of the 21st Century's most ubiquitous features that is feeding that debate. The internet has contributed greatly to the fuss over facts. Never in human history has information flowed so easily to so many people. Yet the internet lends credibility to things that aren't trustworthy or even to outright falsehoods. Don't get me wrong. Alternative points of view are important, but the internet has no filter on whether something is factual or not. Ironically, the greatest communication tool in human history has made it easier for people to forge their own version of the facts and insulate themselves from information that doesn't agree with their points of view.

PRESIDENT AND NOMINATING COMMITTEE CHAIR

Sasha Pavoni Humana, Inc. (502) 476-2118

VICE PRESIDENT Sonja Heath Humana, Inc. (502) 580-3246

SECRETARY AND CHAPTER

ACHIEVEMENT PROGRAM CHAIR Jenni Schelling Louisville Water Company (502) 569-3647

TREASURER Brittany Schaefer Kindred Healthcare

ACADEMIC RELATIONS Judy Martin University of Louisville

ADVOCACY/DIVERSITY Sibert Matsekeza Humana, Inc.

AUDIT Shawn Stevison CHAN Healthcare Auditors

CERTIFICATIONS Bob Aemmer LG&E and KU Energy

CHIEF AUDIT EXECUTIVE ROUNDTABLES

Ann Bauer Republic Bank

GOVERNMENT RELATIONS

Connie Davis Kentucky Retirement Systems

JUNIOR ACHIEVEMENT Jennifer Vittitoe Humana, Inc.

MEMBERSHIP Brent Dunne Gillies Hilliard Lyons

NEWSLETTER EDITOR Kevin Graham PBI Bank

PROGRAMS/SEMINARS Melanie Nesler PWC

QUALITY ASSESSMENT REVIEWS Jodi Renn Kentucky Higher Education Student Loan Corporation

ADVERTISEMENT POLICY Area employers are eligible for free recruitment postings on the Louisville IIA website and in the monthly newsletter, IF at least one employee is a member of the local chapter. Newsletter advertisement rates for employers without a local chapter member and executive search firms are: $50 – ½ page; $100 – full page. Paid advertisements also include posting of recruitment information on the chapter website for one month. Payments must be received prior to posting. For more information, please email the Louisville IIA Chapter President or Secretary.

ELECTED MEMBER TERMS Craig Robinson (Thru 12/31/2018) Republic Bank

Connie Davis (Thru 12/31/2017) Kentucky Retirement Systems

Glenn Reed (Thru 12/31/2018) Kentucky Higher Education Student Loan Corporation

Whitney Reh (Thru 12/31/2018) Stock Yards Bank & Trust Jennifer Vittitoe (Thru 12/31/17) Humana, Inc.

PAST PRESIDENTS TERMS Melissa Koellner (Thru 5/31/17) Humana, Inc. Gretchen Wagner (Thru 5/31/18)

Humana, Inc.

SOCIAL ACTIVITIES Andrea Higgins Robert Half Management Resources

WEBMASTER/SOCIAL MEDIA Sonja Heath Humana, Inc.

Page 7 Derby City Disclosures

OFFICERS AND COMMITTEE CHAIRPERSONS

BOARD OF GOVERNORS

P.O. Box 70092 Louisville, KY 40270