North Central Florida Chapter Newsletter

Volume 15 Issue 4 December 2017

Audit Tales

Inside this issue:

Upcoming Events 2

October Training

Recap

2

November Training

Recap

3

Chapter Officers and

Board Members List

4

Editor’s Note

4

Happy Holidays Our year is half way over and we have accomplished a lot (and still have a lot planned) to keep our chapter strong while providing opportunities for all members. I really want to thank Brecka and the City of Gainesville for sharing how they have applied the COSO Framework to their audit process (see Page 2). This is what be-ing a chapter member is all about – sharing and learning from each other helps to make us all better at what we do. We have our big event (Fraudfest) scheduled for March with some great speakers lined up. Please feel free to invite any of your friends or colleagues even if they are not internal auditors. We plan to create some promo-tional material for the event that will provide more details and demonstrate that this is a great cost effective opportunity for all of us to improve ourselves and help explain why internal auditing skills are so important. I hope you are able to take some time over the Thanksgiving and Christmas holidays to recharge your batteries and make sure you are spending enough time in those other parts of your life. Year-end brings different chal-lenges to our schedule based on your role at work, but it also helps serve as a good reminder that another year has passed. Hopefully everyone can take some time to reflect on what they have done both professionally and personally, as well as thinking about where you are going before another year just flies by. As always if you would like to get more involved with the chapter through volunteering your time or financially supporting some of our events, let me know. The student case competition and Fraudfest are great opportuni-ties to get involved and work with your fellow members without any long-term commitment. Some recent news from the IIA you might have missed: Don’t forget - All IIA-certified individuals must report their annual CPE credit hours by Dec. 31, 2017. Certified individuals can review the CPE requirements and reporting details on the CPE Reporting webpages. Reporting is managed through CCMS. Also note: Beginning in 2018, two of every IIA-certified individual’s credits must be earned in the Ethics category.

The chapter that successfully recruits the most new members by the end of December (based on percent-age of membership) will be eligible to receive one complimentary copy of The IIA’s CIA Learning System. If our Chapter wins, this would go to the individual most responsible.

New Practice Guide to Help Assess Fraud - Engagement Planning: Assessing Fraud Risks describes fraud

characteristics, and how to identify and assess risks when planning individual audit engagements. It discusses how to brainstorm fraud scenarios and evaluate fraud risks to determine which ones should be evaluated further.

The IIA has worked with the ACGA to develop a brief on how internal auditors can help organizations achieve accountability and integrity when entering into public-private partnerships (P3s), to improve operations and instill confidence among stakeholders. We put this on our work plan a year ago, so I expect it will help us un-derstand and plan an engagement.

Thank you and have some holiday fun,

Joe Cannella

Page 2

Audit Tales

Upcoming Events

FraudFest Conference

Topics: To be announced Date: March 14-15, 2018 Time: 8:00 am – 5:00 pm (16 CPE hours) Location: Best Western Gateway Grand, 4200 NW 97th Blvd, Gainesville, FL 32606 Cost: Members $250, Non-members $295

Registration to open soon

Brecka Anderson, Internal Auditor for City of Gaines-ville, provided an update on changes to the Internal Control-Integrated Framework and how it can be applied to every au-dit. Ms. Anderson shared a template that the City of Gaines-ville internal auditors use to evaluate whether COSO princi-ples are addressed for the particular process under review. The Deloitte COSO 2013 Framework on Internal Control refer-ence document (https://chapters.theiia.org/Orange%20County/IIA%20OC%20Presentation%20Downloads/COSO%20Placemat_Deloitte.pdf) was also shared. The docu-ment not only summarizes the five components of internal controls but also lists the 87 points of focus which are charac-teristics that may assist in designing, implementing, and con-ducting internal control reviews.

October Training Recap: Applying the Revised Internal Control-Integrated Framework

Page 3

Volume 15 Issue 4 December 2017

November Training Recap: Emotional Intelligence

“Emotional Intelligence (commonly referred to as EQ) is your ability to recognize and understand emotions in yourself and others, and your ability to use that awareness to manage your behavior and relationships. It involves something in your basic human behavior that is distinct and separate from your intellect.” ~ Emotional Intelligence 2.0 by Travis Bradberry and Jean Greaves Wendy Kissinger from Human Resources at University of Florida Health said that emo-tional intelligence (EQ) contributes more to success than IQ intelligence. This is posi-tive information for everyone because EQ is a skill that can be improved upon. After this training, all attendees went away with knowledge of the crucial conversation techniques, increasing their EQ within the span of the two hour training session. The crucial conversation techniques in-volves communicating four things: facts, assumptions, feelings, and needs. Facts are what we see and hear and not judgements such as feel-ings we think another person may be experiencing. Assumptions are how we interpret the behavior or situation. Feelings are how we feel and reactions we have. Needs are what we need and expectations moving forward. This technique conveys ones feelings based on the observed facts but also allows the other person to better un-derstand the situation without becom-ing defensive. Other EQ skills that may be worked upon is understanding self-awareness, self-management, so-cial awareness, and relationship man-agement.

Page 4

Chapter Officers and Board Members

Lisa Siedzik

Vice President

Choi Choi

Treasurer

Joe Cannella III

President

Laura Ling

Secretary

Marie Trabbic

Board of Governors

Donna Hazellief Board of Governors

Lisa Dalrymple

Immediate Past President

Sachiko Leon

Past President

Tonya Carrigan

Board of Governors

Programs

John Byrd Choi Choi

Tonya Carrigan Donna Hazellief

Sachiko Leon

Lily Ly

Historiographer

Craig Reed

Communications

Michelle Blakemore (Chair) Jeff Capehart (Webmaster)

Lily Ly (Newsletter)

Membership

Joe Cannella III Advocacy/Academic Rela-

tions/Certifications Lily Ly

Nominating

Sachiko Leon Laura Ling

I hope everyone enjoyed this issue of the NCFIIA Chapter Newsletter, Audit Tales. If anyone has sug-

gestions or would like to submit an article for the next issue, please let me know. Feel free to e-mail

newsletter article contributions to me at LilyLy@ufl.edu. Please visit the Chapter website at

www.theiia.org/NorthCentralFL which is updated often. I hope to see everyone at the next meeting.

Lily Ly, Editor

Committees

You can follow Chapter activities on Flick, Facebook and Twitter. Go to our

website at www.theiia.org/NorthCentralFL and click on the icons.

Audit Tales