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Internal Audit Information Session January 18, 2012

Internal Audit Info Session January 2012

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Slides from the Internal Audit Info Session on January 18, 2012.

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Page 1: Internal Audit Info Session January 2012

Internal Audit Information

SessionJanuary 18, 2012

Page 2: Internal Audit Info Session January 2012

Agenda

1. The Internal Audit Profession

2. The IAEP Program

3. The UT Dallas IIA Student Chapter

Page 3: Internal Audit Info Session January 2012

1. The Internal Audit Profession

Page 4: Internal Audit Info Session January 2012

What makes Internal Auditing a GREAT Career Choice?

OGain experience in all aspects of an organization

ORespected, rewarding, and diverse work

OExcellent benefits and compensation

OAdvancement opportunities and a fast-track to management

OTravel and networking opportunities

Page 5: Internal Audit Info Session January 2012

Characteristics of Internal Auditors

O Inquisitive and problem solversO Analytical thinkersO Great written and verbal

communication skillsO Ability to interact with all levels of

managementO Self-starters

Page 6: Internal Audit Info Session January 2012

What do Internal Auditors do?

O Evaluate risk exposure in relation to:O Effectiveness and efficiency of

operations.O Reliability and integrity of financial

and operational information.O Safeguarding of assets.O Compliance with laws, regulations,

and contracts.O Provide recommendations for

operational efficiency and effectiveness

Page 7: Internal Audit Info Session January 2012

Where can Internal Auditing take you?

Page 8: Internal Audit Info Session January 2012

2. The IAEP Program

Page 9: Internal Audit Info Session January 2012

Faculty AdvisorsMark Salamasick Chris Linsteadt

O InterestsO RunningO Travel

O PublicationsO Internal Audit TextbookO Auditing Vendor

RelationshipsO PC Mgmt Best Practices

O ExperienceO Bank of AmericaO Andersen Consulting

O InterestsO BaseballO Family

O PublicationsO Auditing Vendor

RelationshipsO Experience

O FDICO Traveler’s InsuranceO Alliance Data

Both Mark and Chris still conduct independent audits periodically

Page 10: Internal Audit Info Session January 2012

Vision

Provide an internationally recognized  internal audit program that develops well-trained internal audit candidates from cross disciplines to be future leaders in the profession.

Page 11: Internal Audit Info Session January 2012

Three levels of schools

Centers

Comprehensive

Foundation

Page 12: Internal Audit Info Session January 2012

Centers for Internal Auditing Excellence

• The University of Texas at Dallas

• Louisiana State University• University of Pretoria• Erasmus University

Rotterdam• University van Amsterdam

Page 13: Internal Audit Info Session January 2012

Comprehensive Internal Auditing Program

O Bentley College

O Bradley University

O Eastern Michigan University

O Northern Illinois University

O Old Dominion University

O Pittsburg State University

O University of Alabama at Birmingham

O University of Texas – Austin

O Kennesaw State University

O DePaul University

O University of Houston

O University of Nevada Las Vegas

O University at Buffalo

O University of New Orleans

O University of North Texas

Page 14: Internal Audit Info Session January 2012

Comprehensive Internal Auditing Program

O Université Aix-MarseilleO Provence, France

O University of PisaO Pisa, Italy

O Lebanese American UniversityO Beirut, Lebanon

O Nanjing Audit UniversityO Nanjing, PR China

O University of South AfricaO Pretoria, South Africa

O Chulalongkorn UniversityO Bangkok, thailand

Page 15: Internal Audit Info Session January 2012

Internal Auditing Foundation

O University of Malaya

O California State University- Fullerton

O Cleveland State University

O Florida Atlantic University

O Georgia State University

O Grand Valley State University

O Purdue University

O Rider University

O St. Cloud University

O San Francisco State University

O Texas A&M University

O University of Southern California

O University of Tennessee-Knoxville

O Utah Valley State University

O Wayne State University

Page 16: Internal Audit Info Session January 2012

Center for Internal Auditing Excellence Implications

O StudentsO Excited EmployersO Job opportunities around the WorldO Ivy League of Internal Audit Programs

O SchoolO Grant MoneyO Books and Teaching Aids

Page 17: Internal Audit Info Session January 2012

Requirements of Programs

O Key Requirements:O Adequate Communication SkillsO Motivated to Learn Internal AuditO Any major or Graduate ProgramO Graduate Program OnlyO Can be Graduate Degree Seeking or

Non-Degree SeekingO No-prerequisite classes

Page 18: Internal Audit Info Session January 2012

Core Internal Audit CourseACCT 6380

O Different than any Other CourseO Preparing students for Internal Audit

Careers O CIA Exam PreparationO Practical Hands On Internal Audit

ExperienceO Current TopicsO Group Projects

Page 19: Internal Audit Info Session January 2012

Key Features of Program

O Core Internal Audit Course Required of Everyone in Program

O Nine to Eighteen credits of internal audit and control related classes required and sit for CIA and/or CISA exam for IAEP

O Program is one of the few internal audit programs internationally which is cross discipline in nature

O Focus on practical audit experience through internship and research opportunities

O Participation in student IIA chapter and attendance at local IIA and ISACA meetings strongly encouraged, as well as participation in their committees

Page 20: Internal Audit Info Session January 2012

IAEP Curriculum Mapped to Certifications

Course Description Exam Prep:

ACCT 6380

Internal Audit CIA

ACCT 6336

Information Technology Audit and Risk Management

CISA

MIS 6330 Information Security CISSP

ACCT 6383

Forensic Accounting Investigations CFE

See som.utdallas.edu/iaep for other courses:All ACCT courses in the IAEP program count towards the 30 hour CPA requirement

Page 21: Internal Audit Info Session January 2012

ScholarshipsO Over $20,000 worth of scholarships

to be awarded next semesterO Including the new Denny Beran

Excellence in Internal Audit Scholarship

O Deadline: April 30O Application form online:

www.utdallasiia.com

Page 22: Internal Audit Info Session January 2012

3. UTDallas IIA Student Chapter

Page 23: Internal Audit Info Session January 2012

Officer PositionsO President: Jason KirkO Vice President: Dariel Dato-onO Treasurer: Kyle MorrisO Alumni Relations: Andrew Rigsby

O Volunteers needed and help is appreciated

Page 24: Internal Audit Info Session January 2012

How can the chapter help you?

O Weekly corporate sponsored receptions with a chance to network with professionals

O IAEP classes prep you for numerous professional certifications

O Periodic Site Visits to multiple locations in the DFW Metroplex

O *Our most successful members are those who are active in the Chapter*

Page 25: Internal Audit Info Session January 2012

Where to find usO Come visit us in our office: MC

1.310A (basement of Library)O Visit our website:

www.utdallasiia.comO Find us on Facebook and LinkedIn

Page 26: Internal Audit Info Session January 2012

Resume BookO New online system this semesterO Website:

http://resume.utdallasiia.com/O Employers recruit out of our resume

book

Page 27: Internal Audit Info Session January 2012

Upcoming Chapter Meetings

O January 25- Interviewing, Resume, and Networking

O February 1- Job Search StrategiesO February 8- E&YO February 15- Bill Van SteenisO February 22- WeaverO February 29- Whitley PennO March 7- KBRO March 21- Grant ThortonO March 28- Fraud Conference

Page 28: Internal Audit Info Session January 2012

Social EventsO IntramuralsO BowlingO Top GolfO Happy Hours

Page 29: Internal Audit Info Session January 2012

IntramuralsO 5-on-5 BasketballO Innertube

BasketballO 4v4 Xtreme

DodgeballO Wallyball 4’s

O Rock Climbing Competition

O 4v4 WhiffleballO 8v8 SoccerO 4v4 Flag Football

O Contact Dariel if you’re interested!

Page 30: Internal Audit Info Session January 2012

Past Site Visits

BNSF

Southwest Airlines(Halloween Party)

Page 31: Internal Audit Info Session January 2012

How Do You Join?O Right now!!!O Fee - $15 each semesterO Where to Apply: Chapter Meetings or

the Student Chapter office (MC 1.310A)

O Free T-ShirtO Polo Shirts: $15 each (great for

networking events)

Page 32: Internal Audit Info Session January 2012

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Key Websites!O IAEP Program:

som.utdallas.edu/centers/iaepO Student Chapter: www.utdallasiia.comO IIA Dallas Chapter: www.dallasiia.orgO North Texas ISACA: www.isacantx.org