Derby

MESSAGE FROM THE PRESIDENT The September meeting had a great turnout. Thanks to those who attended! You helped to get the year off to a great start. In early October, the chapter is hosting a two-day Quality Assessment Review training with 16 CPE. Registration is still open and will end on September 28. You still have time to take advantage of this unique opportunity to become qualified to perform external validations. Our October lunch meeting will feature Chris Pohl, CAE at OneAmerica Financial Partners, presenting on “The Journey to Relevance for Internal Audit”. We are once again collaborating with the local ISACA Chapter for the 2018 Fall Student Networking Event. This is a networking event where you can meet and engage with local university students about internal auditing. This will be at Bellarmine University on October 18 from 5:00 – 7:00 pm. We are still needing volunteers for this event, please see page three for additional details and how to sign up. This is a great way for the IIA Chapter to help the local university students grow their professional network. As the Chapter’s Officers, our goal is to offer programs that will best meet your needs. So let us know if there is anything, we can do that would make these learning opportunities enjoyable experiences. See you at the meeting. Balla Sarr, President

SPECIAL POINTS OF INTEREST

October Monthly

Luncheon Meeting

October Event

Local IIA News

National IIA News

NEWSLETTER SUBMISSIONS

The newsletter will be published monthly from September 2018 through May 2019. If you have a request for a submission please email the information to cknable@caesars.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

OCTOBER 2018

MONTHLY CAP UPDATE

CAP Update October 2018 As of the end of September, the Chapter has earned 215 CAP points. These points were earned by our Chapter leadership while planning the Chapter year and programming for our members, maintaining our website and social media, and issuing surveys and newsletters. We earned points for the 46 members and guests in attendance at the September luncheon meeting on the topic “Cybersecurity Threats and Program Management”. Congratulations to members Heather Shults and John Abbott for earning the CIA designation! IIA certifications also earn CAP points for the Chapter.

Page 2 Derby City Disclosures

OCTOBER MONTHLY MEETING

Date: Tuesday, October 9, 2018

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

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

Presenter(s): Chris Pohl, CAE at OneAmerica Financial Partners

CPE credits: 1 hour

Cost: Member Price: $25

Non-Member Price: $30

Location: Bristol Bar & Grill - Downtown

614 W. Main Street

Louisville, KY 40202

Registration: Here

Lunch Menu

The monthly meeting includes your choice of one meal selection:

BBLT Benedictine, Bacon, Lettuce and Tomato on toasted white bread. Served with chips.

Theresa's Sweet Chili

Linguini Tossed with cream and Thai chili sauce topped with black-

ened chicken.

Classic Caesar Salad Tossed in our house made Caesars dress-ing and topped with parmesan cheese and croutons.

Turkey Sandwich Smoked turkey breast, cheddar cheese, lettuce and tomato on toasted wheat bread (packet of mayon-naise and mustard on the side). Served with chips.

Presentation Summary

The Journey to Relevance for Internal Audit Obtaining trusted advisor status is the ultimate goal of most Internal Audit organizations today. In pursuit of this objective, many auditors too often find themselves pleading for a seat at the table. Chris Pohl, Chief Audit Executive of OneAmerica Financial Partners, recognized that before becoming a trusted advisor, Internal Audit must prove its relevance to the organization and, specifically, to senior management. In this session, Chris will share lessons learned during his team’s transformation from tolerated to treasured in a long, but ultimately rewarding, journey to relevance. Presenters’ Profiles Chris Pohl, CAE at OneAmerica Financial Partners

Chris Pohl has 25 years of risk and control experience and currently serves as Chief Audit Executive at OneAmerica Financial Partners, an Indianapolis-based mutual insurance company with $2.5 billion in revenue and more than $80 billion in assets under administration. CAE for the past five years, Chris joined OneAmerica in 2010 as Vice President of Financial Operations. Prior to OneAmerica, Chris was with Anthem, a Fortune 30 national health insurer. Among other leadership duties, including chief of staff for the chief financial officer, he led a team of 25 professionals in the Risk Control & Assurance function. Chris also has ten years of public accounting experience, most recently as Senior Manager with Deloitte serving clients in the banking industry. He earned an MBA from the University of Michigan and accounting degree from Michigan State University. Chris is a CPA, CIA, and CISA, and a Board member of the Indianapolis chapter of the IIA.

Page 3 Derby City Disclosures

CALL FOR VOLUNTEERS

A list of current chapter committees is on page six. Chairpersons for each committee are appointed each year by the newly-elected chap-ter presidents. Volun-teers are needed to work under the director of the committee chair-persons. Remember that you help shape the success of the chapter through all of your volunteering efforts. If you have not previously, or recently, served on a chapter committee, please seri-ously consider volun-teering. If you have an interest in a certain committee and would like to serve, or have questions about specific committee re-sponsibilities, please contact Mame Balla Sarr or Adrien Clod-felter

The Louisville IIA Chapter is hosting a Quality Assessment Review training. The purpose of this training is to create a team of volunteers to perform external validations of interested Internal Audit departments self assessments in the area. Participants will receive: 16 continuing professional education Become qualified to perform external validations. New revised Quality Assessment Review Manual 7th edition (Valued at $230 member, $285 nonmember) Most recent International Professional Practices Framework Manual (Valued at $69.99 member; $89.99

nonmember). Participants who commit and perform a QAR as a chapter volunteer: $500 reduction off a chapter QAR. Validation team members can earn up to 25 hours of continuing professional education credit. Qualifications: Must be a member of the IIA Must possess a recognized certification, e.g. CIA, CPA, CISA, CFE or advanced degree. At least 3 years of internal audit experience or equivalent business experience. Complete the most recent IIA Quality Assessment Review training sponsored by the Chapter or IIA. Cost: Early Bird registration before September 20, 2018 $800 member; $950 nonmember Beginning September 21, 2018 $900 member; $1,050 nonmember Registration ends September 28, 2018 to ensure materials are received in time.

OCTOBER 2018 ISACA & IIA FALL STUDENT NETWORKING EVENT

Date: Thursday, October 18, 2018

Meeting Time: 4:45pm -6:45pm

Schedule of Events: 5:00pm - 5:30pm: Opening Remarks by Local Chapter Presidents

5:30pm - 6:15pm: Networking, Drinks & Snacks

6:15pm - 6:30pm: Wrap Up & Prize Drawings

Location: Bellarmine University

Centro Building 2nd floor Hilary

2001 Newburg Road

Louisville, Kentucky 40205

Registration: Here

QAR TRAINING

Date: October 3-4, 2018

Meeting Time: 8:30-5pm (lunch and snacks are included)

Location: Republic Bank Springhurst—Community Room

Presenters: Honkamp Krueger & Co, P.C.

David M. Walsh III, CIA, CPA, CFE, CGMA; Carl A. Balderson, CIA, CFE

Registration: Here

2018 ISACA & IIA Fall Student Networking Event

Help the local university students grow their professional network by volunteering at the 2018 ISACA & IIA Fall Student Networking Event. The IIA Chapter needs volunteers from to network with students by answering questions about the Internal Audit Profession. The event will allow for students to stop by periodically through out the evening in a casual reception setting with light appetizers. No preparation is required. We have invited students from Bellarmine, University of Louisville, Indiana University Southeast, Sullivan, and Spalding.

Page 4 Derby City Disclosures

CIA CERTIFICATION NEWS

New Members:

Matthew Bergamini

Mackenzie Eichengreen

Kristen Mitchell

London Pool

Membership Anniversaries that occurred over the

summer:

5 years:

Samantha Payne

Mary Kelly

Amanda Kremer

Jeremy Nolph

Kristeen Pate

CIA Certification News Certification Recognition: Heather Shults and John Abbott completed the requirements for the Certified Internal Auditor (CI) program and has therefore earned the Certified Internal Auditor (CIA) designation. CIA Exam Updates Coming January 2019 To ensure that exam’s content remains current and valid, the CIA underwent a job analysis study. Results of the study confirmed the need to revise the exam syllabi to reflect the evolution of the internal audit profession world-wide. The updated exam will be released in January 2019. To learn more, visit the certification page. New CPE Reporting Policy The updated CPE Policy (formerly known as Administrative Directive No. 4) went into effect 1 January, 2018, and includes a new CPE requirement on ethics. The new requirement states that Certified individuals are required to complete two CPE hours focused on the subject of ethics. Ethics training hours may be applied toward the individual’s total annual CPE requirement. The IIA does not prescribe where an individual must obtain this training. However, the training must occur annually, within the reporting period.

IIA ADVOCACY

The IIA's strategic plan includes a goal to raise the profile of and demand for internal audit and to ensure the

profession is recognized as an indispensable resource by key stakeholders. One of the principle tools in

accomplishing this goal is advocacy.

One of the keys to successful advocacy is honing and promoting key messages that inform and promote the

fundamental elements that will help The IIA achieve its goal. The three principle advocacy messages are:

Internal audit makes organizations stronger. Properly positioned internal audit functions that are

independent, well-resourced, and aligned with organizational strategy make for effective internal audit. When

internal audit is effective, it makes the organization stronger.

IIA Standards provide the foundation for high-quality audits that help ensure complete, accurate, and

reliable information is reported to the board. This message addresses two crucial stakeholder questions.

How do we measure internal audit quality? How does internal audit add value? Certified Internal Auditors demonstrate proficiency in the profession and are better equipped to deliver

high-quality audits in accordance with the Standards. This drives home the message that quality internal

audit is inexorably tied to the Standards. It is imperative that practitioners not just understand and follow the

Standards, but celebrate and promote them by becoming CIAs.

Promoting the Profession

On behalf of the internal audit profession and IIA members, The Institute works tirelessly to elevate the

profession and enhance professionalism. Building awareness of the value of internal auditing is a key

component of The IIA’s advocacy efforts. The IIA offers a variety of resources designed to support your efforts

in promoting the profession.

Page 5 Derby City Disclosures

NATIONAL IIA NEWS

FUTURE IIA SEMINARS AND CONFERENCES

Conference Date Location

Financial Services Exchange Oct 1-2, 2018 Washington DC

Women in Internal Audit Leadership

Oct 3, 2018 Washington DC

All Star Conference Oct 22-24, 2018 Las Vegas, NV

Gaming and Hospitality Conference

Oct 24-25, 2018 Las Vegas, NV

UPCOMING IIA WEBINARS

Attracting and Retaining Top-Talent in Internal

Audit

October 16, 2018 1:00—2:00 p.m. ET

Managing EH&S Risk

October 31, 2018 2:00—4:00 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.

CIA Exam Changes Coming January 2019

To ensure the material within all three parts of the CIA exam stays current and valid, the CIA

underwent a global job analysis study to determine the knowledge, skills, and abilities most

applicable to today’s internal audit practitioners. The study results indicated the need to revise the

exam syllabi to reflect the evolution of the internal audit profession worldwide.

As a result of the study the updated CIA exams will take effect January 2019, in English only as

follows:

Three exam parts are balanced, clear, and uniform.

Minimal duplication and overlap among exam parts.

Aligned with The IIA’s International Standards for the Professional Practice of Internal

Auditing.

Up-to-date with the current global practice of internal auditing.

Covers the knowledge, skills, and abilities exam candidates must possess to be the most

competent and capable internal auditor possible.

Each candidate should review the changes and determine the best timing to complete their

individual studies and take the exam. Please review the CIA Exam: Why and How It’s Changing

Handbook and CIA Exam: FAQs for additional details.

Certification Reporting

2018 CPE/CPD reporting is now open. Log in to the Certification Candidate Management

System (CCMS) to complete the CPE or CPD Reporting Form.

The reporting deadline is Dec. 31 each year. Should you fail to report your CPE/CPD, your

certification/qualification will become inactive, and as a result, you are no longer approved to

represent yourself as a certified individual. Individuals remaining "Inactive" for 12 months or

longer will be charged a certification reinstatement fee.

NEW! In 2018, two of your CPE/CPD credits must be earned in Ethics. The IIA currently

provides Ethics for Internal Auditors, an OnDemand course that can help you obtain these CPE.

The IIA will be adding additional ethics training options throughout 2018 and beyond.

As an IIA certified or qualified professional, you are responsible for ensuring that the CPE or

CPD information in your report is accurate. You must include your membership or customer

identification number when reporting your CPE or CPD. Get more information on CPE reporting

steps for current and inactive certificants.

PRESIDENT AND NOMINATING COMMITTEE CHAIR

Mame Balla Sarr American Commercial Barge Lines (812) 288-0250

VICE PRESIDENT Adrien Clodfelter Humana, Inc.

(502) 476-3420

SECRETARY AND CHAPTER

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

TREASURER Brittany Schaefer Kindred Healthcare (502) 596-7605

ACADEMIC RELATIONS Judy Martin University of Louisville

ADVOCACY/DIVERSITY Open

AUDIT Alex Goffner American Commercial Barge Lines

CERTIFICATIONS Bob Aemmer LG&E and KU Energy

CHIEF AUDIT EXECUTIVE ROUNDTABLES

Open GOVERNMENT RELATIONS

Jodi Renn Jefferson County Public Schools

JUNIOR ACHIEVEMENT Tracy Wilkerson Humana, Inc.

MEMBERSHIP Brent Dunne Gillies Hilliard Lyons Lee Taylor Hilliard Lyons

NEWSLETTER EDITOR Catie Knable Caesars Entertainment

PROGRAMS/SEMINARS Melanie Nesler Computershare

QUALITY ASSESSMENT REVIEWS Jodi Renn Jefferson County Public Schools

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) Churchill Downs

Glenn Reed (Thru 12/31/2018) Louisville Metro

Whitney Reh (Thru 12/31/2018) Humana, Inc. Brandon Booth (Thru 12/31/2019)

Louisville Metro Government

Erin Bukowski (Thru 12/31/2019)

Citizens Union Bank

PAST PRESIDENTS TERMS Sonja Health (Thru 5/31/2020)

Humana, Inc. Sasha Pavoni (Thru 5/31/2019) Humana, Inc.

SOCIAL ACTIVITIES Andrea Higgins Robert Half Management Resources

WEBMASTER/SOCIAL MEDIA Sonja Heath Humana, Inc.

Page 6 Derby City Disclosures

OFFICERS AND COMMITTEE CHAIRPERSONS

BOARD OF GOVERNORS

P.O. Box 70092 Louisville, KY 40270