iia san jose silicon valley...6101 bollinger canyon rd. san ramon, california how to read and decode...

1

ISSUE 01 February 2016

I I A S A N J O S EmdashS I L I C O N VA L L E Y

March Monthly Program

Click Here to Register

Data Analytics - Driving the future of internal audit

Event Type Chapter Event

Start DateTime 322016 1130 AM

End DateTime 322016 200 PM

Location Biltmore Hotel (Montague Expy at 101) 2151 Laurelwood Road Santa Clara CA 95054

CPE 2 CPE credits

Overview At Google were passionate about Data Analytics To remain relevant in a data-centric world Internal

Audit as a profession has to evolve Come hear how Google IA is using Data Analysis to fundamentally change how we get work done

Speaker Brian Lammert from Google IArsquos DA practice

Brian is a Sr Manager in the Google Internal Audit department and is currently responsible for the IT Audit team supporting other bets in addition to the Internal Audit Data Analysis team spanning Alphabet Prior to that Bri-

an served as the head of Internal Audit for Googles mobile devices division and held earlier roles in various audit and consulting capacities across the Financial Services Utilities and Manufacturing industries

2

Misunderstanding Risk and Internal Audit Norman Marks February 2 2016

There are many voices urging people to act when it comes to the topics of risk management and the role of in-

ternal audit Unfortunately most of these voices are like sirens tempting you to go the wrong way

A recent piece on AcountingWeb entitled More boards count on internal audit to identify risks has good inten-tions but could lead people astray

For a start it is not internal auditrsquos role to identify risks That is most definitely managementrsquos responsibility In-

ternal audit should

Audit and assess managementrsquos ability to identify assess and manage the more significant risks that can

affect (positively or negatively) the achievement of objectives That assessment should be communicated

formally to the board and top management on at least an annual basis

Audit and assess the adequacy of the controls relied upon to manage the risks that matter to the achieve-

ment of objectives reporting same to board

Ensure the board understands where the controls are not adequate and that failure raises the level of risk

to objectives to an unacceptable level Internal audit should (but frequently does not) identify which objec-

tives are affected

Add value by providing insight and recommendations to management to improve the systems of risk man-

agement and internal control

Now if internal audit is not doing the above there is a problem Reading the article it can be assumed that

many internal audit departments are falling short ndash and that management and the board do not set the

expectations for internal audit high enough

Another assumption from the article is that many management teams do not have the capability to identify as-

sess and manage risk That is why some are defaulting to internal audit to step in But while internal audit can

and should report situations where the risk is different to what management and the board believe internal au-

dit should not be the function relied upon to identify risk

Yes internal audit can take on additional risk management responsibilities ndash as a coordinator facilitator and

evangelist But it must not assume management tasks such as assessing the level of risk or deciding what ac-

tion is required ndash which would compromise its independence and objectivity

Do you agree

We can discuss this further in Chicago in April See wwwriskreimaginedcom for details About the author Norman Marks ldquoA semi-retired former evangelist CAE and CRO I now advise companies and individuals on how they can improve their operations - focusing primarily on internal audit risk management SOX and corpo-rate governance I continue to blog write present and teach and am available for occasional consulting ldquo

Article

Institute of Internal Auditors San Jose Chapter

3

2016

March 2nd Effective use of data analytics

April 6th Applying process analysis techniques for Internal Audits

May 4th Internal Auditrsquos role in compliance

June 1st Audit Committee perspective over the role of internal audit Panel of Audit Committee chairs and CAEs

Schedule of Upcoming IIA San Jose Events


Mark your

Calendars

4

Chapter Date Time Location Topic

Sacramento February 24

730-1000am

VSP HQ 2 3188 Zinfandel Drive Rancho Cordova

CA

Construction Contract Oversight for New Kings Arena

Chapter website here

NCEB

(Northern CA East Bay)

February 18 200-400pm

6101 Bollinger Canyon Rd

San Ramon California How to Read and Decode People


San Francisco February 10 2016 900am ndash 500pm

Deloitte 555 Mission Street

(Between 1st and 2nd Sts) San Francisco CA 94105

Internal Audit Leadership Winter Seminar


CALENDAR OF EVENTS

IIA Regional Chapter Events

5

Education Learning and Training


CIA Exam Prep Courses

The San Jose IIA chapter plans to offer CIA exam review courses during the first half of 2016 to help

you prepare for your exam They will be taught by Vicki McIntyre CIA CPE CFSA CRMA and

will take place on weekdays from 830am - 445pm on the following dates

Section 1 Thursday March 3-Friday March 4 (16 CPEs)

Section 2 Monday April 4 - Tuesday April 5 (Sec 2 Day 2 ends at 315pm) (15 CPEs)

Section 3 Monday May 9 - Tuesday May 10 and Monday May 23 - Tuesday May 24 (32 CPEs)

All classes will take place at the ServiceNow facility at 2221 Lawson Lane Santa Clara CA 95054

Classes will meet in Building A

Participants are required to use the IIAs CIA Learning Materials version 40 These are included in

the course price (If you already have the V4 CIA Learning System materials please contact agilmore-

allengmailcom)

Register Here Now

The Certified Internal Auditorreg (CIAreg) designation is the only globally accepted certification for in-

ternal auditors and remains the standard by which individuals demonstrate their competency and pro-

fessionalism in the internal auditing field Candidates leave the program enriched with educational ex-

perience information and business tools that can be applied immediately in any organization or busi-

ness environment The CIA exam is available through computer-based testing allowing you to test

year-round at more than 500 locations worldwide

About the Instructor

Vicki McIntyre CIA CPA CFSA CRMA is the President FirstPlus Resolutions Inc Vicki has

taught the comprehensive course using the IIAs CIA Learning System numerous times through Chap-

man University UC Davis and Rice University to federal government agencies and Fortune 500 com-

panies as well as overview courses at numerous IIA International and Regional Conferences includ-

ing the All-Star conference As a 20+ year IIA volunteer leader Vicki has been a 2-time chapter Presi-

dent District Representative and District Advisor and chaired the IIAs Chapter Relations Committee

for 25 years

If you have questions please contact Alisanne at agilmoreallengmailcom

6

More Education Learning and Training


IIA Convenient Learning Platforms

The IIAs learning solutions meet the needs of audit practitioners regardless of travel schedule training budget

learning style or experience level Our multiple learning platforms make it easy for you to fit training into your busy

schedule

Seminars Multi-day training events that offer a variety of classroom-style courses

eLearning Facilitated courses offered via the Internet in shorter sessions over multiple days Members-only Webi-

nars interactive multi-day online eWorkshops on various topics offering multiple session flexibility

On-site Training Customizable courses for five or more attendees presented at the organizations location or deliv-ered virtually You cant get much more convenient than having IIA on-site training come to you with its portfolio

of more than 60 courses that can be customized and delivered live or virtually to groups of five or more at your or-ganization

Conferences Multi-day multi-track training events that draw practitioners from around the world

Conference Date Location

General Audit Management Conference March 7ndash9 2016 Gaylord Texan Resort amp Convention Cen-

ter Dallas-Ft Worth TX

Gaming amp Hospitality Conference April 6ndash7 2016 The Mirage Las Vegas NV

Central Regional Conference May 1ndash4 2016 Music City CenterNashville TN

International Conference ndash IIA 75th Anniversary

Celebration July 17ndash20 2016 Javits Convention Center New York NY

Governance Risk and Control Conference (an

IIA and ISACA Collaboration) Aug 22ndash24 2016

Diplomat Resort amp Spa Ft Lauderdale

FL

West District 3 (Northern California) District

Conference Sept 18-20 2016 Napa Valley Marriott Napa CA

Financial Services Exchange Sept 26ndash27 2016 Renaissance Downtown Washington

Washington DC

All Star Conference Oct 17ndash19 2016 The Mirage Las Vegas NV

7



GAINreg Benchmarking Tool

What Do You GAIN From the Benchmarking Tool

Want to know how your internal audit department measures up The Global Audit Information

Networkreg (GAINreg) Benchmarking Tool allows you to benchmark your internal audit depart-ment easily affordably and transparently It lets you compare your audit departments size expe-

rience and other metrics against the averages of similar organizations in peer groups that YOU

choose Metrics include Organizational statistics

Department staffing and costs

Oversight including audit committee information Operational measures including audit lifecycles

Performance measures

Risk assessment and audit planning information No matter what your benchmarking needs are the GAIN Benchmarking Tool has you covered

With participants in 17 industries more than 100 sub-industries and 42 countries the GAIN

Benchmarking Tool will help you unlock real answers to organizational questions Click on the

link above for more information

Vision University Vision University (VU) is The IIAs premier CAE development program This unique training

brings together world-class CAEs and facilitators during four days of instruction and interactive

work sessions The innovative yet practical curriculum is designed by and for CAEs and is con-stantly updated to reflect current best practices Gain the tools techniques and strategies to pre-

pare yourself and your organization for the future

Past VU participants have repeatedly told The IIA that the benefits they derived from their partici-

pation have been invaluable The opportunity to engage with your colleagues in thought-provoking discussions over the course of VU will leave you energized with new ideas Whats

more the network of VU participants you will join is unparalleled for benchmarking and moving

your career forward Beyond receiving 285 CPE credits to accelerate your success VU attendees receive

An Audit Executive Center full-year membership at the Professional level (US $895 value)

A one-year complimentary IIA membership for non-members (US $230 value) including a subscription to the award-winning Internal Auditor (Ia) magazine and accompanying

smartphone app

US $500 gift certificate to The IIA Research Foundation Bookstore

8

JOB LISTINGS


Check out more details on the IIA San Jose website under Careers

Internal AuditSOX Manager - Moss Adams LLP San Francisco or Silicon Valley CA

Internal Audit Specialist - Intel Santa Clara CA or Folsom CA

Senior Auditor - Del Monte Foods Inc - Pleasant Hill CA

Auditor II - Office of the City Auditor City of Berkeley - Berkeley CA

Note Your local IIA posts jobs as a courtesy to its members and the community however we do not endorse or vouch for these employers in any way

9

CERTIFICATIONS CORNER

Unlock Your Door to Opportunity with IIA Global Certifications

The IIA offers a comprehensive certifi-cation portfolio for internal auditors that can serve as the key to unlocking your next opportunity within the profession enhancing your credibility and adding clout to your resume There are many reasons to earn an official IIA certifica-tion designation Whether its the hallmark designation of internal audit mdash the Certified Internal Auditorreg (CIAreg) designation mdash or one of our four specialty industry certifi-cations obtaining a certification is pro-fessionalism defined Earning your certification is like having a key to the vast world of opportunities the profession of internal auditing offers

placed in the palm of your hand It can open doors you did not even know ex-isted as the three or four letters that now follow your name will make one powerful statement about the expertise you bring to the table

Interested in becoming certi-fied The following are six (6) easy steps to Certifica-tion (1) Decide which Certifi-cation is right for you (2)Determine your eligibility and skill level (3) Register for the Exam (4) Prepare for

the Exam (5) Take the Exam (6) Receive your Certificate To learn more about IIA Global Certifi-cations go to wwwtheiiaorgcertification or click on any of the spe-cific certification icons below

EARNING YOUR CERTI-

FICATION IS LIKE

HAVING A KEY TO THE

VAST WORLD OF

OPPORTUNITIES THE

PROFESSION OFFERS

CIA Important Change

to Education

Requirements

The IIArsquos Global Board of

Directors recently ap-

proved an alternate path to

eligibility for the Certified

Internal Auditor designa-

tion for candidates who do

not have a bachelorrsquos de-

gree from an accredited

university

Candidates may now be-

come eligible for the CIA

subject to approval if they

possess either

2 years of post-

secondary education

and 5 years of verified

experience in internal

auditing or its equiva-

lent

7 years of verified ex-

perience in internal

audit or its equivalent

As it becomes available

more information will be

posted on the IIA Certifica-

tions website so check

back for updates and de-

tails

NASBA The San Jose Chapter of the Institute of Internal Auditors is registered with the National Association of State Boards of Accountancy (NASBA) as a spon-sor of continuing profession-al education on the National Registry of CPE Sponsors State boards of accountancy have final authority on the acceptance of individual courses for CPE credit Complaints regarding registered spon-sors may be submitted to the N-tional Registry of CPE Sponsors through its website

wwwlearningmarketorg

10

GOVERNANCE


Chapter Officers Name E-mail

Chapter President Andrew Wheatley (ServiceNow) andrewwheatleyservicenowcom

1st Vice President- Programs David Coulombe (Juniper) dcoulombejunipernet

2nd Vice President- Seminars Jerome Anonuevo (Maxim) jeromeanonuevomaximintegratedcom

3rd Vice President - Communications Steve Fineberg (Moss Adams LLP) stephenfinebergmossadamscom

Secretary Jennifer Izzarelli (Violin Memory) jenniferizzarelliyahoocom

Treasurer Urmi Vora (Logitech) uvoralogitechcom

Committee Chair Name E-mail

Assistant Treasurer Jennifer Koo (PWC) jenniferkoopwccom

Academic Relations Chair Wendy Roberts (Viavi Solutions) wendyrobertsviavisolutionscom

CAP Chair Jennifer Izzarelli (Violin Memory) jenniferizzarelliyahoocom

Certifications Chair Alisanne Gilmore Allen (Accretive) agilmoreallengmailcom

Membership Chair Lav Pachauri (Xleron) lavpachaurijunipernet

Research Chair Ed Pitts (Avago Technologies) edwardcpittscomcastnet

Communications - Social Events Chair Jay Swaminathan (SOAProjects) jaysoaprojectscom

Communications - Advocacy Chair Cameron McAulay (KLA-Tencor) cameronmcaulaykla-tencorcom

Communications - Social Media Chair Vacant

Programs Coordinator Meilani Hendrawidjaja (KPMG) mhendrawidjajakpmgcom

Assistant VP of Programs Nauzer Gotla (Flextronics) nauzergotlaflextronicscom

Chapter Audit Committee Chair Gennadiy Vernikov (Arista Networks) gennadiyvvgmailcom

MMT Administrator Lav Pachauri (Xleron) lavpachaurixleroncom

Web Site Administrator George Chiu (Applied Materials) George_Chiuamatcom

Nominating Chair Vacant

BOG Members Name E-mail

Board of Governors (2015) Herzel Ashkenazi (Xilinx) herzelashkenazixilinxcom

Board of Governors (2015) Vacant

Board of Governors (2015) Ed Pitts (Avago Technologies) edwardcpittscomcastnet

Board of Governors (2015) Alisanne Gilmore-Allen (Accretive) agilmoreallengmailcom

Board of Governors (2015) Farah Faruqui (PWC) farahfaruquiuspwccom

Board of Governors (2015) Mark Gosling (NetApp) markgoslingnetappcom

Board of Governors (2016) Wendy Roberts (JDSU) wendyrobertsjdsucom

Board of Governors (2016) Susan Insley (Vmware) sinsleyvmwarecom


Board of Governors (2016) Steven Proctor (Flextronics) stevenproctorflextronicscom

Board of Governors (2016) Michelle Stillman DeBello (HP Enterprise) Michelledebellahpecom

Board of Governors ndash Past President Vacant

Board of Governors (2016) TBD - Government Representative

2

Misunderstanding Risk and Internal Audit Norman Marks February 2 2016

There are many voices urging people to act when it comes to the topics of risk management and the role of in-

ternal audit Unfortunately most of these voices are like sirens tempting you to go the wrong way

A recent piece on AcountingWeb entitled More boards count on internal audit to identify risks has good inten-tions but could lead people astray

For a start it is not internal auditrsquos role to identify risks That is most definitely managementrsquos responsibility In-

ternal audit should

Audit and assess managementrsquos ability to identify assess and manage the more significant risks that can

affect (positively or negatively) the achievement of objectives That assessment should be communicated

formally to the board and top management on at least an annual basis

Audit and assess the adequacy of the controls relied upon to manage the risks that matter to the achieve-

ment of objectives reporting same to board

Ensure the board understands where the controls are not adequate and that failure raises the level of risk

to objectives to an unacceptable level Internal audit should (but frequently does not) identify which objec-

tives are affected

Add value by providing insight and recommendations to management to improve the systems of risk man-

agement and internal control

Now if internal audit is not doing the above there is a problem Reading the article it can be assumed that

many internal audit departments are falling short ndash and that management and the board do not set the

expectations for internal audit high enough

Another assumption from the article is that many management teams do not have the capability to identify as-

sess and manage risk That is why some are defaulting to internal audit to step in But while internal audit can

and should report situations where the risk is different to what management and the board believe internal au-

dit should not be the function relied upon to identify risk

Yes internal audit can take on additional risk management responsibilities ndash as a coordinator facilitator and

evangelist But it must not assume management tasks such as assessing the level of risk or deciding what ac-

tion is required ndash which would compromise its independence and objectivity

Do you agree

We can discuss this further in Chicago in April See wwwriskreimaginedcom for details About the author Norman Marks ldquoA semi-retired former evangelist CAE and CRO I now advise companies and individuals on how they can improve their operations - focusing primarily on internal audit risk management SOX and corpo-rate governance I continue to blog write present and teach and am available for occasional consulting ldquo

Article


3

2016







Mark your

Calendars

4



730-1000am


CA



NCEB











CALENDAR OF EVENTS


5














allengmailcom)

Register Here Now














for 25 years


6






schedule

















FL




Washington DC


7


























smartphone app


8

JOB LISTINGS








9







EARNING YOUR CERTI-

FICATION IS LIKE

HAVING A KEY TO THE

VAST WORLD OF

OPPORTUNITIES THE

PROFESSION OFFERS


to Education

Requirements









university




possess either

2 years of post-

secondary education




lent









tails



10

GOVERNANCE







































3

2016







Mark your

Calendars

4



730-1000am


CA



NCEB











CALENDAR OF EVENTS


5














allengmailcom)

Register Here Now














for 25 years


6






schedule

















FL




Washington DC


7


























smartphone app


8

JOB LISTINGS








9







EARNING YOUR CERTI-

FICATION IS LIKE

HAVING A KEY TO THE

VAST WORLD OF

OPPORTUNITIES THE

PROFESSION OFFERS


to Education

Requirements









university




possess either

2 years of post-

secondary education




lent









tails



10

GOVERNANCE







































4



730-1000am


CA



NCEB











CALENDAR OF EVENTS


5














allengmailcom)

Register Here Now














for 25 years


6






schedule

















FL




Washington DC


7


























smartphone app


8

JOB LISTINGS








9







EARNING YOUR CERTI-

FICATION IS LIKE

HAVING A KEY TO THE

VAST WORLD OF

OPPORTUNITIES THE

PROFESSION OFFERS


to Education

Requirements









university




possess either

2 years of post-

secondary education




lent









tails



10

GOVERNANCE







































5














allengmailcom)

Register Here Now














for 25 years


6






schedule

















FL




Washington DC


7


























smartphone app


8

JOB LISTINGS








9







EARNING YOUR CERTI-

FICATION IS LIKE

HAVING A KEY TO THE

VAST WORLD OF

OPPORTUNITIES THE

PROFESSION OFFERS


to Education

Requirements









university




possess either

2 years of post-

secondary education




lent









tails



10

GOVERNANCE







































6






schedule

















FL




Washington DC


7


























smartphone app


8

JOB LISTINGS








9







EARNING YOUR CERTI-

FICATION IS LIKE

HAVING A KEY TO THE

VAST WORLD OF

OPPORTUNITIES THE

PROFESSION OFFERS


to Education

Requirements









university




possess either

2 years of post-

secondary education




lent









tails



10

GOVERNANCE







































7


























smartphone app


8

JOB LISTINGS








9







EARNING YOUR CERTI-

FICATION IS LIKE

HAVING A KEY TO THE

VAST WORLD OF

OPPORTUNITIES THE

PROFESSION OFFERS


to Education

Requirements









university




possess either

2 years of post-

secondary education




lent









tails



10

GOVERNANCE







































8

JOB LISTINGS








9







EARNING YOUR CERTI-

FICATION IS LIKE

HAVING A KEY TO THE

VAST WORLD OF

OPPORTUNITIES THE

PROFESSION OFFERS


to Education

Requirements









university




possess either

2 years of post-

secondary education




lent









tails



10

GOVERNANCE







































9







EARNING YOUR CERTI-

FICATION IS LIKE

HAVING A KEY TO THE

VAST WORLD OF

OPPORTUNITIES THE

PROFESSION OFFERS


to Education

Requirements









university




possess either

2 years of post-

secondary education




lent









tails



10

GOVERNANCE







































10

GOVERNANCE







































iia san jose silicon valley...6101 bollinger canyon rd. san ramon, california how to read and decode...

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