Oct.2014 Newsletter, Beach Cities Chapter, IIA Page 1 of7
NEWSLETTER
Oct.2014 Newsletter, Beach Cities Chapter, IIA Page 1 of7
Oct.2014 Newsletter, Beach Cities Chapter, IIA Page 1 of7
PRESIDENT’S MESSAGE
Hello everyone! Summer is finally over and we are busy planning for some interesting events for you in the year ahead.
We had our first board meeting on September 3 and discussed some of the logistics of holding such events, especially the annual professional seminar and the student night in March and April 2015 respectively. We want you to be a part of these events and hope you will make every effort to attend them. As you know, the annual professional seminar is held every year to provide a service to members to bring them current on the latest and newest developments in the internal audit profession and we aim to provide general as well as government-related topics that help our members earn CPE hours at a very affordable price. Our student night is held to induct graduating juniors/seniors into the profession as well as educate undecided graduating seniors about the many opportunities the profession has to offer. We also discussed holding a CAE Roundtable and we shall be contacting the CAEs to enlist their support in holding such an event. In particular, we would like to hear from you as to what topics you would like covered in such a CAE Roundtable. We are having a breakfast meeting on October 8th. Please refer to page 2 for additional details.
As you know, we hold our lunchtime seminars on the third Thursday of a month, between 12 Noon and 2 PM at the Holiday Inn Gateway Hotel in Torrance and try to arrange topics that relevant to you as internal auditors and speakers that are leaders in their profession. Our goal is to continue these lunchtime seminars this year and try to solicit support from you as to what topics you would like covered. We are cognizant of the constraints on your time and want to make these events more successful by seeking your input and support. The goal of these lunchtime seminars is to provide, affordable and relevant seminars in a central location that all our members can attend. Effective October 2014, the Chapter shall provide this service to you at $35 per member ($40 for non-members, $30 for retirees and free for students and the unemployed), which covers the current cost of the meals provided at the events at no profit for the chapter. We are always looking for organizations to underwrite some or all of the cost of the meals for such an event and would appreciate receiving gift cards to be given to our members as part of a raffle at such events. Should your organization be interested in supporting our chapter in any way, please let us know.
We are in the process of updating our chapter website and we plan to add a calendar of planned events to help you stay current with the upcoming events. Please check the website periodically and let us know what other topics you would like to see on the website. Also, our newsletter is another resource for you that provides current information about chapter events.
An update on the IIA Western Regional Conference in the fall of 2016! If you or a fellow member would like to participate in any committee formed for this purpose, please contact Kathy Knoxat or Stephen Germain . As you know, our chapter leaders have already provided several volunteers who will participate in the various committees that are being formed to help make this Western Regional conference a great success.
Thanks. -Sher Shah, President, IIA-Beach Cities Chapter
OCTOBERBREAKFAST MEETING
Please join us for breakfast and an informative presentation, and earn 1 CPE.
Topic:Introduction to Proactive Reputation Auditing
Speaker: Kenneth Ramaley, CIA, CRMA
Date: Wednesday, October 8, 2014
Time: 7:30 am registration; 8:00 ambreakfast;
8:00 am – 9:00 am speaker
Cost: $15 for all attendees
RSVP & Info: Please RSVP by October 6, 2014 to Kathryn Andrus r (310) 513-7254. Additional information – Please contact Sher Shah at .
There will be a breakfast buffet which will include: pancakes, eggs, bacon, orange juice, coffee, and tea.
Location: Elsie’s Tea House
3924 Atlantic Avenue
Long Beach, CA 90807
(562) 484-2134
OCTOBERBREAKFAST SPEAKER’S BIOGRAPHY AND TOPIC
Ken Ramaley, CIA, CRMA, is the Managing Director of Ramaley Group, LLC. He has over 15 years of experience in Risk Management, processimprovement, and advanced analytics. He has worked extensively inapplication of analytical methods to the audit function. He also holds apatent for an advanced audit sampling methodology and launched ahighly effective automated audit testing practice in the financialservices industry, which has been heralded as best-in-class.
Ken has consistently challenged traditional risk management roles,conceiving and implementing an innovative “Customer ExperienceAudit” function at Bank of America. This new approach provideseffective reputation risk management by overlaying operational riskaudit methods with advanced Six Sigma methodologies, and has driven the adoption ofsophisticated reputation risk measurement approaches. He was the author of two cover articlesin RMA Journal (March 2013 and May 2013) focused on Reputation Risk Management in FinancialServices, as well as related articles on BusinessInsurance.com and the Journal of the ACUA(Association of College and University Auditors).
Ken has an extensive background in Six Sigma process improvement methodologies, serving as aMaster Black Belt at General Electric, Prudential, and Bank of America. He has consistently beenan effective partner for senior executives in balancing operational efficiency with businessstrategy, extending his value beyond “standard” Six Sigma to becoming a key player in duediligence, efficient audit execution, sales strategy development, retention analysis, andoperational efficiency.
Ken has also leveraged his skills in service to the community, serving on the Risk ManagementCommittee for the Palmetto Council, Boy Scouts of America since 2010.
After receiving his undergraduate degree in Mathematics from Brown University, Ken earned anMBA from the University of Chicago in Finance and General Management.
Ken may be contacted at: 704.243.8011
Introduction to Proactive Reputation Auditing -
Reputation is one of the greatest assets for any institution. The rise of social media hasbrought with it a tremendous opportunity for firms to enhance their reputations - as well asthe risk of rapid erosion of a reputation. This session provides a construct for auditors toproactively understand and test reputation risks and controls.
Learning Objectives/Outcomes:
After completing this session, attendees will be able to:
- Identify the drivers of reputation risk
- Understand key elements of a proactive reputation risk management program
- Integrate reputation considerations into standard operational reviews
OCTOBER LUNCH MEETING
Please join us for lunch and an informative presentation, and earn 1 CPE.
Topic:Operational Auditing
Speaker: Michael P. Beard, Sr., PMP, CLP, CLOP, ITIL
Date: Thursday, October 16, 2014
Time: 11:30 am registration; 12:00 noon lunch;
12:00 pm – 2:00 pm speaker
Cost: IIA members: $35(non-members $40, retirees $30; students & unemployed active members free). The Chapter encourages members to bring guests. If you bring a non-member to our meeting, we will pay for their 1st lunch.
RSVP & Info: Please RSVP by October 14, 2014 with your meal preference (Beef, Chicken, Fish or Vegetarian) to Kathryn Andrus at r (310) 513-7254. Additional information – Please contact Sher Shah at .
Meals are ordered based on your RSVP.No RSVP = no meal. No-show RSVP’s without notice will be responsible for meal cost reserved.
Location: Holiday Inn Harbor Gateway
19800 South Vermont Ave.
Torrance, CA 90502
(310) 781-9100
Driving Directions: Our meeting place is near the intersection of I-405 and I-110.Parking is free at the Holiday Inn.
- If you are coming north on I-405, take the Main St exit, then go south (left) to Del Amo Blvd and west (right) to Vermont Ave. At Vermont, turn north (right) to the hotel, about one block.
- If you are coming south on I-110 take the 190th St./405 exit and go west (right) to Vermont, then south (left) about 2 blocks to the hotel.
- If you are coming south on I-405, take the Vermont Ave. exit and go south on Vermont about 2 blocks to the hotel.
OCTOBERLUNCH SPEAKER’S BIOGRAPHY AND TOPIC
If airplanes operated like your business would you board your next flight?
Mike Beardis the Managing Partner of Value Based Project Management (VBPM). VBPM’s mission is to assist companies Eliminate Waste and Confusion™ through: sound process-oriented operations, Kaizen-Lean, business integration, program/project portfolio management, team development, integrated operational efficiency, and increased productivity to improve the bottom line. He is a Partner/Co-Founder of Audit Conference Service (ACS), a training and conference company providing advanced Wisdom Workshops on critical topics to auditors and Chief Audit Executives (CAEs). Also, he served two tours as a Vietnam Veteran.
Mike has over 30 years of diverse experience in tactical, management, and leadership positions in Fortune 100 corporations. As the Deputy Director of the Program Office at McDonnell Douglas Mike’s strategic and tactical approach to integrated solutions resulted in savings of over $500 million dollars on several programs and in 1996 saved the McDonnell Douglas Long Beach facility from being shut down by the Federal Aviation Administration (FAA). Since consulting, VBPM has saved diverse Small to Mid-Sized Enterprises (SMEs) over $75 million dollars.
Mike is currently on the start-up team of SRG Instruments, a medical device company, with responsibilities for Corporate Infrastructure, Quality Management, Program Management, Information Technology, Procurement, and is the back-up for Engineering/R&D. Also, he is the interim VP/COO at Innova Electronics with accountability for integrated operations, and direct functional responsibility for: Project Management Office, Legal, Quality, Warehouse, Human Resources and Building Maintenance.
His career and consulting work have spanned Program Management, Manufacturing, Product Support &Logistics, Information Technology, Outsourcing, Procurement and Contracting, and 15 years of Operations in Southeast Asian countries. He provides expert advice in business infrastructure development and turnarounds; assessments, audits, benchmarking; human resource capacity planning; enterprise risk management (ERM); Lean operations; integrated portfolio management; and Program Management Office (PMO) implementation.
In 1985 Mike was a member of a four-person team to assess the development of establishing an aerospace industry and infrastructure in Malaysia. Since 2001, VBPM has worked with diverse private companies, city and county governments, and Department of Defense sub-contractors.
Mike holds a BS from Embry-Riddle Aeronautical University, a Certificate in Project Management from University of California Irvine, a Certificate in Business Continuity Planning from California State University Fullerton and is licensed by the Federal Aviation Administration. He founded the Project Management Certificate program at Cerritos College, a series of six practical classes founded on business resilience, integration, efficiency, and leadership-team development. He was a former instructor at the University of California Irvine (UCI) and California State University Fullerton (CSUF) extended education programs. He is a certified Project Management Professional (PMP), Certified Lean Practitioner (CLP), Certified Lean Office Practitioner (CLOP), and certified in Information Technology Infrastructure Library (ITIL).
Mike has authored two books Successful Project Portfolio Management: 28 Critical Elements and Tame the Schedule Dragon: Microsoft Project 2007. He was a member of the Editorial Board of Projects@Work magazine for five years and has authored hundreds of articles on program management and business resilience approaches for national and international magazines. He is a member of the Institute of Internal Auditors (IIA), Past President of the Association of Professional Consultants in Southern California, and Past President of the Project Management Institute (PMI) Inland Empire Chapter. While living overseas, Mike served on the Board of Directors at the International School of Bangkok Thailand.
Operational Auditing –
One increasingly important audit requirement that adds value to an enterprise (company or public entity) is Operational Auditing. In performing an Operational Audit, the audit function is in a unique position to influence total enterprise integration from both a top-down and bottom-up perspective contributing to improved operational performance. Improvement in operational performance contributes to the enterprise bottom line.
Operational Auditing examines the infrastructure of functions or departments and their collective ability to achieve strategic and tactical objectives based on established metrics. An operational audit evaluates the maturity level of each function or department and its ability to integrate across enterprise. The higher the maturity level the greater the enterprise performance.
Regardless of the company or public entity there are a number of fundamental areas this session will explore as well as how the audit function may add value to the enterprise through:
Enhanced integrated operations;
Reduced enterprise risks;
Identification and reduction of waste across the enterprise;
Forecasting enterprise performance.
Takeaways
Operational Audit approach
Alignment
Challenges and tactics to succeed
Process and procedures
Continuous improvement tactics
Skills and knowledge
People motivation
Enterprise maturity model
POSITIONS AVAILABLE
None at this time
CALENDAR CORNER
October 8, 2014:Breakfast meeting at Elsie’s Tea House, Ken Ramaley – “Introduction to Proactive Reputation Auditing”
October 16,2014: Lunch meeting at Holiday Inn Harbor Gateway, Mike Beard – “Operational Auditing”
November 20, 2014: Lunchmeeting at Holiday Inn Harbor Gateway, Robert Campbell– “Proactive Approaches to Fraud Prevention and Detection”
December 2014: No lunch meeting
January 15, 2015: Lunchmeeting at Holiday Inn Harbor Gateway-TBD
February 19, 2015: Lunchmeeting at Holiday Inn Harbor Gateway-TBD
March 19, 2015: All-Day Seminar at Toyota, Torrance Campus
April 16, 2015: Student Night at the Reef Restaurant, Long Beach
May 21, 2015: Lunchmeeting at Holiday Inn Harbor Gateway-TBD
July 6-9, 2015: 2015 IIA International Conference in Vancouver, BC, Canada
GLEIM REVIEW SYSTEM
Beach Cities Chapter has partnered with Gleim Publications to ensure your success on the CIA exam! Working together, we will provide you the necessary study tools to prepare for this difficult exam.
Gleim has been preparing candidates for success with their extensive self-study course for the CIA exam for over 30 years! The Gleim Review System enables you to identify your weak areas so you know where to focus your efforts and GUARANTEES that you will pass each exam part the first time. Our goal is that you achieve success while minimizing your frustration, cost, and time.
As a member of the chapter, you are eligible for 20% off all Gleim's CIA Review materials, as well as Gleim CPE. To take advantage of the reduced prices, please contact our chapter representative, Melissa Leonard.
By phone: (800) 874-5346, Ext. 131
By email:
By fax: (888) 375-6940, attn: Melissa Leonard
Visit gleim.com/cia for more information on the CIA Exam or how Gleim can help you pass.
IIA’S CIA LEARNING SYSTEM
See special member discount pricing.
Place Your ADS for JOBS
Contact Jennifer Hannigan (Boyer) at (949) 874-3244 or r Damon Melfi at (562) 570-7005 or
Notice to all Recipients:
See our website at for additional newsletter details. Please advise Jim Olds at f your email address changes, or if you no longer would like to receive these newsletters.
Oct.2014 Newsletter, Beach Cities Chapter, IIA Page 1 of7
2014-2015 OFFICERS & CHAIRS
President:
Sher Shah, Port of Los Angeles
(310) 732-3019 WK
Email address:
Vice President:
Jim Olds, Port of Los Angeles
(310) 378-8916 HM
E-mail address:
Treasurer:
Pious Poozhikala, Port of Los Angeles
(310) 221-4759 WK
E-mail address:
Secretary:
Kristen Clement, Office of the City Auditor, Long Beach
(562) 570-5873 WK
Email address:
Membership Chair:
Jim Olds, Port of Los Angeles
(310) 378-8916 HM
E-mail address:
CAP Chair:
Mike Palmer, Northrop Grumman
Email address:
CIA Review/ Certifications Chair:
Jim Olds, Port of Los Angeles
(310) 378-8916 HM
E-mail address:
Programs Coordinator:
OPEN
Seminar Chair:
Jim Olds, Port of Los Angeles
(310) 378-8916 HM
E-mail address:
Reservations/Monthly Meetings:
Kathryn Andrus, Ducommun, Inc.
(310) 513-7254 WK
Email address:
Email/Newsletter Distribution:
Kari Carroll, Alliance Resource Group
(949) 428-0601 WK
E-mail address:
Newsletter Editor:
Damon Melfi, Office of the City Auditor, Long Beach
(562) 570-7005 WK
Email address:
Academic Chair:
Nadia Valencia, US Autoparts, Inc.
(323) 252-6306 WK
Email address:
Webmaster:
Mollie Carey, Toyota
(310) 468-6459 WK
Email address:
Auditor:
Mike Palmer, Northrop Grumman
Email address:
District Conference Chair:
Jean Miller
Email address: