to enhance your professional

knowledge in specific areas,

become more familiar with

the Chapter and network with

Chapter members while earn-

ing two hours of CPE. We

look forward to seeing you

over the next few months!

Regards,

Shonda Summers IIA Memphis Chapter President

We are entering our third

month of training. I would

like to encourage you to use

the IIA and its resources to

advance your careers and add

value to your individual lives.

IIA Memphis Chapter will

assist you by presenting inter-

esting topics and informative

speakers at each meeting.

Please join us for the Novem-

ber meeting (11/12/13)

“Changes in the COSO

Framework”, presented by

Deloitte and Touche, LLP.

COSO is a voluntary private

sector initiative dedicated to

improving organizational

performance and governance

through effective internal con-

trol, enterprise risk manage-

ment, and fraud deterrence.

This is a very timely oppor-

tunity since the first update to

COSO was released in May

2013, after the initial introduc-

tion of COSO approximately

20 years ago. This will be

very informative to both a

beginner and seasoned COSO

user. We will ascertain ways

to impact our organizations

with the new changes to the

framework and determine

how to integrate COSO meth-

odologies into our daily pro-

cesses.

Also, please continue to take

advantage of the monthly

luncheon meetings from the

IIA Memphis Chapter. You’ll

have the perfect opportunity

President’s MessagePresident’s Message

I n s i d e t h i s i s s u e :

Upcoming Events 2

2013 IIA Leader-ship Conference

4

Recent Certifica-tions

4

New Members 4

Meet the Officers: Interview with Chapter President

5

IIA Global News 6

Save the Dates 6

CIA Learning Sys-tem

7

Chapter Officers 7 THANKSGIVING WORD SEARCHTHANKSGIVING WORD SEARCH

O C T O B E R 2 0 1 3

Reme mber:

Update your IIA profile for the most up-to-date news.

RSVP for the November 12th Chapter meeting

Memphis ChapterMemphis Chapter

P A G E 2

NOVEMBER IIA TRAINING EVENT About the Speaker:

Robyn is a Senior Manager in the Advi-

sory Practice of Deloitte & Touche,

LLP in Boca Raton, Florida and works

in the Technology Risk area. Robyn has

over 9 years of work experience in Con-

sulting, Security and Privacy, Internal

Audit and Accounting. She has a Bach-

elors and Masters Degree in Decision

Information Sciences (MIS) from the

University of Florida and is both a Certi-

fied Information Systems Auditor

(CISA) and a Approva Certified Profes-

sional (ACP). Robyn has experience in

providing audit services and Sarbanes-

Oxley Readiness services for a number

of domestic and multi-national compa-

nies as well as implementing SAP GRC

Access Controls and HR Security. She

has worked in the control assurance

services for Deloitte & Touche’s South

Florida relationship and attest clients, as

well as other internal audit engage-

ments. She has application specific

knowledge in SAP ECC, SAP SRM,

SAP e-Recruiting, SAP GRC Access

Controls, SAP CUA, SAP Solution

Manager, JD Edwards, PeopleSoft,

Solomon, Forefront, BPCS and Hyperi-

on.

Robyn is knowledgeable in various

industry, international, and national

standards, frameworks, and regulations

such as COSO CoBIT, and ITIL. She

has detailed technical knowledge in a

variety of operating systems, applica-

tions, and networking components. In

addition, she has ample experience in

project planning, scoping, and budget

allocation activities.

Speaker: Robyn C. Mishkin,

Senior Manager

Topic: Changes in the COSO

Framework

Date: Tuesday, November 12, 2013

CPEs: 2 hours

Cost: $30 - members

$40 -non-members

Registration: 11:00am –11:30am

Lunch: 11:30am –12:00pm

Speaker: 12:00pm - 1:45pm

Location: Tower Room -Clark Towers

5100 Poplar Avenue Suite 3300

Memphis, TN 38137

PARKING IS AVAILABLE ON THE

THIRD FLOOR OF THE PARKING

GARAGE!!!!!!!!

03-November-2013 2013 MIDWESTERN REGIONAL CON-

FERENCE Hyatt Regency Minneapolis / Minneapolis, MN,

USA

11-November-2013 VISION UNIVERSITY

Dallas Marriott City Center / Dallas, TX, USA

19-November-2013

2013 IT AUDIT AND CONTROLS CONFERENCE (MIS/IIA)

Boston, MA, USA

24-March-2014 2014 GAM CONFERENCE

Hilton Orlando Bonnet Creek / Orlando, FL, USA

Registration is Now OpenRegistration is Now Open

Connect with 2,000 of your peers dur-ing the July 6-9, 2014 International Conference. It’s the ultimate oppor-tunity for training, networking, and

experiencing London. Register now!

M E M P H I S C H A P T E R

P A G E 3

2014 CENTRAL REGIONAL CONFERENCE2014 CENTRAL REGIONAL CONFERENCE

at the

HYATT REGENCY INDIANAPOLISHYATT REGENCY INDIANAPOLIS

One South Capitol Avenue Indianapolis, Indiana 46204

May 18 May 18 –– 21, 201421, 2014

CONFERENCE TRACKS:CONFERENCE TRACKS:

IT Audit and Information Security Financial and Process Based Auditing

Governance, Fraud, and Ethics Specialty Topics

CIA Review Course

RACING TO RELEVANCERACING TO RELEVANCE

www.IndyIIA.org / @2014IndyCRCwww.IndyIIA.org / @2014IndyCRC

Plan to Attend the Upcoming Plan to Attend the Upcoming WebinarsWebinars

November 12, 2013November 12, 2013 Members Only Webinar: Internal Audit in a Virtual World

November 13, 2013 November 13, 2013 Guidance Webinar: Continuous Assurance: A Guidance Review

December 17, 2013 December 17, 2013

Members Only Webinar: Ethics in the Industry

M E M P H I S C H A P T E R

INSIDE THE 2013 IIA LEADERSHIP INSIDE THE 2013 IIA LEADERSHIP CONFERENCECONFERENCE

P A G E 4

In April, members of the IIA Memphis Chapter Board were able to take the opportunity to attend the 2013 Lead-ership Conference aptly titled: Leadership Academy: Speed to Success. The Conference this year was held at Walt Disney World’s Yacht & Beach Club resorts. Each member participated in training specialized to their position on the

Board. The Officers took part in many training seminars and listened to many fascinating speak-

ers. They were able to take away many different re-sources to help the Memphis Chapter achieve it’s goals and become the leading Chapter in the IIA Central Re-gion.

Since February 2013, our local chapter has grown to include 28 new members. Please welcome the following members:

IIA CERTIFICATIONIIA CERTIFICATION Amath D. Badiane, Certified Internal Auditor.Amath D. Badiane, Certified Internal Auditor.

Tosin Alli Tracy Anderson Andrea Booker E Burnett Leah Clayton Taylor Cupples Mike Donnell

Lois Ealem Shanta Echols David Elkin Collin Fountain Lara Cate Jordan John Landman Richard Landry

Jacob Lee Edmond Lyonga Thomas Maher Nate Mahoney Stephanie Mitchell Jake Namen Michael Rubin

Jason Ryu Ryann Smith J L Souza Rob Spokane Vernon Stafford John White Jamie Young

M E M P H I S C H A P T E R

P A G E 5

As part of our “Meet the Officers” series,

we are giving the Chapter some insight

into who the Officers are, how they view

audit as a profession, and what their lives

are like outside the office. This month we

spoke with Shonda Summers, President of

the IIA Memphis Chapter and Auditor at

MLGW. Shonda is an alumnus of Lemoyne-

Owen College where she received her

Bachelors degree in Accounting. She went

on to receive her MBA at Webster Univer-

sity, and has received many certifications,

including her CFE and CRMA. Here’s what

Shonda had to say about her career in

internal audit.

How did you get into internal audit as a

career path?

I decided I wanted to become an auditor

after taking an auditing class in college.

We were assigned several audits during

the course and I was introduced to the

fundamentals of auditing. To further ex-

pose me to auditing, my college professor

took our class to the IIA luncheons where

we were afforded the opportunity to meet

Internal Auditor's from various compa-

nies. It was a great experience! I knew I

had found my career path. In 2001, I ap-

plied for a job with the City of Memphis

Internal Audit Department and was initially

hired as an Associate Auditor. With the

help of the City Auditor and Assistant City

Auditor, I developed a sincere desire to

add value. Under their leadership, my

career progressed from Associate to

Lead Auditor. Since beginning my journey,

I’ve had very supportive and knowledgea-

ble Colleagues, Supervisor’s, Manager’s

and Director’s.

What memorable audit experience

sticks out in your mind?

My experience as a Senior Auditor re-

sponsible for auditing casino operations

was very interesting and exciting. Each

day was filled with a great opportunity to

learn (marketing, cashiering, retail, table

games, food and beverage, etc.). There

was always live entertainment, great food

and very friendly people.

Outside of auditing what are some ac-

tivities or hobbies you enjoy doing?

I enjoy participating in church activities,

biking, reading, and playing Candy Crush.

What inspired you to become an Of-

ficer for the Memphis Chapter?

I received an email from one of the of-

ficer's seeking nominations and was en-

couraged by my Audit Director to run for

Treasurer. I participated in the election

and WON! I was extremely excited during

that time and have been on board since. I

have been an Officer since 2009 and have

enjoyed every minute.

What is your advice to new auditors?

Learn as much as you can, find a mentor

that will help develop you to be the best

auditor you can be and surround yourself

with positive, supportive influences. Last-

ly, volunteer with the IIA Memphis Chapter.

You will meet great people and learn new

tools and techniques to be an effective

auditor..…also…...it’s THE BEST CHAPTER

EVER!!!

Stay tuned for next month’s newsletter

for an interview with Memphis Chap-

ter’s Vice-President Doug Douglas.

M E M P H I S C H A P T E R

Interview with Shonda Summers

P A G E 6

IIA Global NewsIIA Global News Starting Off on the Right FootStarting Off on the Right Foot

According to the Association of Certified Fraud

Examiners’ 2012 Report to the Nations, whistle-

blower reports account for 43% of all frauds de-

tected. Typically corporate fraud is commit-

ted, and discovered, predominately within

the organization. Consequently, internal audit

is usually the first group to become aware of

wrongdoing allegations and tasked with initi-

ating a response.

Fraud investigations can significantly impact the

final outcome. By taking the right steps before

initiating the investigation, internal auditors can

reduce the risk of error and ensure the investigation

is adequately planned and executed efficiently.

Auditors should:

Conduct an initial assessment to determine

whether the allegation has merit.

Perform a risk assessment to determine mone-

tary, regulatory, reputational and other known

risks.

Determine the objectives. After obtaining evi-

dence needed to assist with understanding the

case, consider whether to pursue criminal

charges or civil remedies.

Select appropriately skilled and qualified team

members. The investigative team should be

kept as small as possible and participation

should be on a “need to know” basis.

To find out more about following sound proce-

dures for conducting a fraud investigation, read the

full article by Travis Waite, at Internal Auditor

Online, October 2013 issue.

DATE TOPIC SPEAKER

November 12, 2013November 12, 2013 Changes in the COSO FrameworkChanges in the COSO Framework Robyn C Mishkin,Robyn C Mishkin,

Senior ManagerSenior Manager

Deloitte & Touche, LLPDeloitte & Touche, LLP

December 5, 2013December 5, 2013 Professional EthicsProfessional Ethics Dr. Perry Moore, CPA, CIA Dr. Perry Moore, CPA, CIA

Lipscomb UniversityLipscomb University

January 14, 2014January 14, 2014 The Role of Cognitive Biases in The Role of Cognitive Biases in

Decision MakingDecision Making

Yousef Valine,Yousef Valine,

Executive Vice President & Executive Vice President &

Chief Risk OfficerChief Risk Officer

First Horizon First Horizon National CorporationNational Corporation

February 11, 2014February 11, 2014

Annual Student Day/Rx for FraudAnnual Student Day/Rx for Fraud Richard Scrushy,Richard Scrushy,

Former HealthSouth CEOFormer HealthSouth CEO

March 11, 2014March 11, 2014

33rdrd Annual IIA/ISACA Full Day EventAnnual IIA/ISACA Full Day Event To Be DeterminedTo Be Determined

IT and Personal Development TrackIT and Personal Development Track

M E M P H I S C H A P T E R

P A G E 7

20132013——2014 CHAPTER OFFICERS CONTACT 2014 CHAPTER OFFICERS CONTACT

INFORMATIONINFORMATION

PRESIDENT

Shonda Summers ssummers@mlgw.orgssummers@mlgw.org

VICE PRESIDENT Doug Douglas

doug.douglas@fedex.comdoug.douglas@fedex.com

PROGRAMS DIRECTOR Clint Landman

clandman@cbiz.comclandman@cbiz.com

SECRETARY Melissa Wainwright

melissa.wainwright@fedex.commelissa.wainwright@fedex.com

TREASURER Lorrie McDermott

lorrie.mcdermott@ipaper.comlorrie.mcdermott@ipaper.com

The IIA’s CIA Learning System®

If you’ve made the decision to enhance

your career by earning the Certified

Internal Auditor® (CIA®) designation,

the Memphis Chapter can help you

achieve your goals with The IIA’s CIA

Learning System®.

The IIA’s CIA Learning System is an

interactive print and online self-study

review program designed by CIA-

certified industry experts to help you

learn, review, and apply the key CIA

content. This approach will help you

build on foundational elements of inter-

nal auditing to master key concepts you

need to know to pass the CIA exam.

This 3-part program includes:

Comprehensive reading materials

teaching the entire 3-part global

CIA exam syllabus in both printed

and e-book formats.

Interactive online study tools:

Pre- and post-tests to gauge your

starting knowledge and advance-

ments.

SmartStudy™ tools to help you

create a customized study plan

based on pre-test results.

Chapter quizzes to test your com-

prehension and retention.

Flashcards and glossary.

CIA practice exam to build confi-

dence for the computer-based CIA

exam.

Online reports to track your pro-

gress and performance.

For more information or to try a demo, visit

www.LearnCIA.com/3partcia/overview.

Wondering how long it will take you to pre-

pare for the exam?

Create your free, personalized study plan at

www.LearnCIA.com/3partcia/my-cia-

review-plan.

To take advantage of a $100 discount on

The IIA’s CIA Learning System materials

(off non-member retail prices), visit

www.LearnCIA.com/chapters

M E M P H I S C H A P T E R

If you have comments or suggestions about the newsletter, please email Debbie.Banks@memphistn.gov or Melissa.Barneke@fedex.com