The “Cheddar“ Letter - Institute of Internal Auditors ·  · 2015-01-15The “Cheddar“ Letter https: ... instructor, Timothy Hunger-ford, actors, interviewers and scribes,

President’s Message by Nick Geffers

Chapter Pride:

Inside this issue:

President’s Message 1

Upcoming Events 2

Profile Update 2

Event Recaps 4

Jokes, Jokes, Jokes 5

Quotes 5

January, 2015 Issue

Chapter President,

Nick Geffers

The “Cheddar“ Letter

https://chapters.theiia.org/foxvalley-centralwisconsin/Pages/default.aspx

Happy New Year! I hope you enjoyed the

holidays with family and friends and have

been staying warm as of late. Although

we didn’t have a white Christmas I think

we were spoiled with the warm tempera-

tures. We are half way through our Chap-

ter year and I can’t believe just how fast it

has gone by!

We had three fun and successful events

this past quarter, including a co-hosted

Student Night at UWSP with the IMA, an

interactive and comical roundtable fraud

seminar that was new for us, as well as

our Mr. Excel seminar just month ago that

was quite illuminating and beneficial. We

received excellent feedback on the

roundtable approach with the smaller

group we had so I hope we can bring this

approach back to the Chapter and gain

more participation from our members.

See Page 3 for more on the events.

We have a few seminars coming up in

2015 with speakers I have seen before, so

get excited and note the dates. Check out

Page 2 for more on upcoming events.

I am excited to announce that our Chapter

has once again achieved Platinum status

for the prior year! Moreover, we are cele-

brating our 35th year as a Chapter this

year! These are both awesome accom-

plishments that we should be proud of as

we support our Chapter and profession.

In order to achieve accomplishments

such as we have, our Chapter thrives

on volunteerism. As I have men-

tioned in previous messages, I am dis-

appointed that I have been unable to

find volunteers for the open positions

we have in our Chapter. Thankfully

our Cheddar Letter Editor and Board

Member/Event Planner has stepped

up and taken on more responsibility

for the Secretary role, but we are still

in need of finding a member to assist

in the Treasurer role or even as Sec-

ond Vice President. Neither of these

opportunities requires an inordinate

amount of time and our Chapter’s

success and existence depends on vol-

unteers to fill these roles. Who

doesn’t like building their resume and

effecting change in a Chapter they

belong to and events they attend?

Please reach out to me if you or

someone you know has any interest.

I’d be glad to give you more details

and assist in the role itself.

Please get in touch with me if you

have any interest or questions. Stay

tuned for future correspondences for

upcoming seminars while staying

warm!

Warm regards, Nick Geffers

[email protected]

920.527.5278

Your Fox Valley/Central Wisconsin Chapter Newsletter

Don’t miss out on training opportunities due

to incorrect email information in your pro-

file. How long has it been since you updat-

ed your IIA member profile information?

Please go to the IIA website

(www.theiia.org) and validate your profile

information is accurate. Here’s how:

Go to www.theiia.org

Select “Sign In” (in the upper right)

Enter your login information

Click “Profile” (in the upper right)

Select “My Profile”

Click My Account (left side)

Validate Name, Address, Email, Opt in/

Page 2

Profile Update — www.theiia.org

JUNE / JULY

Project Management

for Auditors

Speaker: TBD

Topics: TBD

MAY 7, 2015

Fraud Auditing for

Internal Auditors

Speaker: Danny Goldberg

Topics: Learn what fraud is

and who commits it, how to

integrate fraud testing into

audits, preventative con-

trols, red flags and develop-

ing plans and scripts. Watch

for Registration.

FEBRUARY 19, 2015

IT Audit for the

Non-IT Auditor

Speaker: Raven Catlin

Topics: Learn about IT Gen-

eral and Application Controls,

IT Risk and Impact Evaluation,

IT Controls Testing and Com-

municating IT Audit Results

and Recommendations.

Registration is now open!

Upcoming Events — S A V E T H E D A T E !

Event

Planning

in

Progress

Your Fox Valley/Central Wisconsin Chapter of the Institute of Internal Auditors Presents:

“IT Auditing for Non-IT Auditors”

Are you dabbling in audits of Information Technology (IT)? Do you words like encryption, firewalls, security and application controls make you

cringe? Do you want to understand more about Information Technology risks and controls?

Are you looking for something to alleviate the fear of auditing Information Technology?

If you answered yes to any of these questions, this course is for you. This course was de-signed for business auditors who are not IT experts who realize the importance of integrating IT controls and evaluation into their business audits. Attendees will learn how to plan, test, and communicate the results of the audits to both IT and business owners. During this course, you will acquire baseline knowledge for IT general and application control concepts and skills and their importance and relationship in your business processes. You will learn the fundamentals of issues concerning IT controls and the scope of IT risks that must be ad-dressed in today’s business environment. Attendees will learn using a variety of techniques, including lectures, group discussions, and case studies.

Thursday, February 19, 2015

8:30 am – 4:30 pm, Registration begins at 8:00 am

Liberty Hall 800 Eisenhower Dr. Kimberly, WI 54136

8 CPE hours $125 Members and $150 Non-Members

Refreshments, Breakfast and Lunch will be provided

Register online at: https://chapters.theiia.org/foxvalley-centralwisconsin/Events/Pages/default.aspx

Deadline to register – February 16, 2015 Speaker Bio: Raven (Henderson) Catlin, CPA, CIA, CFSA is an internationally recognized expert, speak-er, and consultant in Risk Management and Internal Auditing. She has over 15 years of internal audit experi-ence and 11 years of seminar instruction and facilitation. Through her lively and interactive seminars and presentations, you will gain valuable skills, motivation, and belief systems to achieve success.

Raven is a graduate of Virginia Commonwealth University. Before starting Raven Global Training in 2006, Ra-ven was a Consultant for Jefferson Wells and a Senior Manager at Protiviti. She held internal audit positions with Freddie Mac, Bank of America (formerly NationsBank), and Philip Morris. Raven is an active member of the IIA, including serving as District Representative for the Caribbean and Washington DC Metro chapters. She also served in President, Broad Member, and chairperson positions for the Northern Virginia and Charlotte chapters since 1998. Raven is a contributing author to IIA’s CIA Learning System and has been published in Internal Au-ditor. Training & Event Cancellation Policy: Cancellations received after noon 1 week prior to the training/event will be charged a cancellation fee. Substitutions of another member from your organization may attend in your place without a cancellation fee. Cancellation fees are event specific. For this event, those who do not cancel before February 17, 2015 and who do not attend are responsible for the entire registration fee. Page 3

On November 6th, the IIA host-

ed a Roundtable / Mystery

Fraud event. The roundtable

portion of the event allowed

participants to network with

other members like never be-

fore. Here is how it worked:

participants selected topics

that they were interested in

discussing with their peers,

submitted questions pertaining

to those topics in advance and

facilitators guided participants

through a discussion of the

questions. The groups were

small allowing for good

knowledge transfer/discussion.

The second half of the event

was a Mystery Fraud scheme.

Our company, Safe-T-Accounts,

was hired by health insurance

provider, Rest Insured, Inc. to

help them determine why their

ambulance costs were increas-

ing over the past few years.

We laughed our way through

this hilarious parody while

learning how to perform fraud

investigations, interviews and

data analysis. Thanks to our

instructor, Timothy Hunger-

ford, actors, interviewers and

scribes, we were able to break

the case and identify the fraud!

THANKS FOR

VOLUNTEERING!!

Mystery Fraud Actors: Heather

Nooyen, Dee DeBauche, Matt

Bentivegna and Tim Hunger-

ford (instructor)

Mystery Fraud Interviewers:

Jennie Kraftzenk, Kirsten

Loftus, Mick O’Malley and

Sarah Christnovich

Mystery Fraud Scribes: Nick

Geffers, David Govier, Sam

Kelch and Linda Stefl

Roundtable Facilitators: Cara

Newman, Heather Nooyen,

Linda Stefl and Melissa Simonis

Roundtable / Mystery Fraud Recap

Mr. Excel Recap Keyboard Shortcuts:

ALT+ENTER forces new row of

data within the same cell

F4 repeats the last command

CTRL+F5 does a strikethrough

CTRL+~ Shows all formulas

CTRL+1 Format Cells dialog box

Tip of the

QUARTER:

Show two values in one cell:

(1) Type 33, then ALT+Enter,

about 9 spaces, then 44,

then enter.

(2) Select the cell, then

CTRL+1 to access Format

Cells.

(3) On the Boarder tab, use

the diagonal border.

(4) Results:

Bill Jelen is MrExcel. Bill enter-

tained us while demonstrating

tips and tricks for using Excel

on December 2nd. The group

spent time exploring Pivot Ta-

bles, VLOOKUP’s data analysis

tools and the new PowerPivot,

PowerQuery and PowerView

tools. The participants in the

session received a copy of his

newest edition of Power Excel

with MrExcel and the choice of

a second book from a variety

of previous releases.

Bill Jelen aka

“MrExcel”

IIA member,

Mick O’Malley and

Mystery Fraud

instructor Tim

Hungerford take a

selfie during Mick’s

fraud interview of

Tim’s character,

Pat Michaels.

EVENTS! EVENTS! EVENTS!

We recently co-hosted an Accounting Student “Speed Networking” Event with the Heart of Wisconsin chapter of the IMA. The event invites Ac-counting students at UW Stevens Point to an evening of networking and information gathering about the various career paths of accountants. Career paths included industry ac-counting, internal audit, not-for-profit/government accounting and public accounting.

The evening began with networking over hors d’oeurves. It transitioned into 7 minute “speed networking” sessions where the students met in small groups with one of nine ac-counting professionals who shared their background and gave the stu-dents an opportunity to ask ques-tions. Although the group was small, most shared that they appreciated the intimacy of the event allowing valuable networking connections to be made.

Thank you to Marcie Amar (Sentry In-surance) and Carrie Luedtke (River Val-ley Bank) for representing the IIA. We are always looking for opportunities to reach out to college students and introduce them to the world of Internal Audit. If you know of an upcoming op-portunity or a contact at one of the local colleges, please contact Ken Steph-ani, Academic Relations committee, at [email protected].

Page 4

UW-Stevens Point Student “Speed Networking” Recap

“The most difficult thing in any negotiation, almost, is making sure that you strip it of the emotion

and deal with the facts.” – Howard Baker

“This is a classic negotiation technique. It’s a gentle, soft indication of your disapproval and a

great way to keep negotiating. Count to 10. By then, the other person usually will start talking

and may very well make a higher offer.” – Bill Coleman

“A negotiator should observe everything. You must be part Sherlock Holmes, part Sigmund

Freud.” – Victor Kiam

“Place a higher priority on discovering what a win looks like for the other person.” – Harvey Rob-

bins

Quotes for Auditors on Negotiating

If you have professional jokes that you

would like featured in the Cheddar Letter,

please submit them to:

[email protected]

A farmer sends his accounting sheepdog,

Spot, off to gather in his 8 sheep. On

returning, the farmer is astonished

to find he now has 10 animals in his

pen and asks the dog to explain.

“You asked me to round them up,”

barks Spot.

What is the biggest overhead in Santa’s ac-

counts? Answer: Private Elf Insurance

How does Santa’s accountant value his sleigh?

Answer: Net Present Value

Signs You Work in Accounting/Audit:

~ You lecture the neighborhood kids sell-

ing lemonade on ways to improve their

process and controls.

~ You refer to the tomatoes in your gar-

den as deliverables.

~ You find you really need PowerPoint to ex-

plain what you do for a living.

~ You wear gray to work instead of navy blue

or black to make a bold fashion statement.

~ You ask your friends to “think outside the

box” when making Friday night plans.

~ You think Einstein would have been more

effective had he put his ideas into a matrix and

used tickmarks.

Page 5