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The Institute of Internal Auditors

LONG ISLAND CHAPTER

NEWSLETTER

Volume 17 * September 2016 * Issue 1

Page | 1

1. IIA Long Island Chapter President’s Message September 2016

Summer 2016 has been busy with many exciting events centered on the 75th Anniversary of the Institute of Internal Auditors (IIA). Many of our chapter members volunteered &/or attended the International Conference in NYC in July and helped the IIA celebrate its 75th Anniversary. The kickoff of the celebration started with the invitation to our chapter to be part of the IIA entourage at the Opening Bell Ceremony of the New York Stock Exchange on June 30th. Not much compares to a kickoff of that kind! The world recognizes the relevance of the IIA and the need for Internal Auditors in all organizations, especially public companies. Stakeholders rely on the internal audit profession. We are part of a growing global organization of dedicated audit professionals and it is very rewarding to me to assist the Long Island Chapter as President for the 2016 to 2017 chapter year.

1. President’s September Message

Looking forward to 2016/2017 Year

2. Chapter Program Subscription

Set your 2016/17 calendar now

3. IIA 75th Anniversary NYC

International Conference Recap

4. June District Meeting Notes

5. Chapter Logo Goes Sapphire Stories Reflected in Logo Changes

6. Chapter September Program

Mastering the Five Tiers

of Audit Competency:

The Essence of Effective Auditing

7. Chapter Officers & Board

Contact Info for Chapter

Officers& Board Members

In This Issue

Audit Competency September 9, 2016

Melville Marriott * * *

HR Compliance Risks October 28, 2016 Melville Marriott

* * *

Annual Fraud Conf. November 16, 2016

Melville Marriott * * *

For more information go to: http://www.theiia.org/chapters/index.cfm?cid=241

Visit the website above and click on News and Jobs

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Up Coming Events

Local Career Opportunities

http://www.theiia.org/chapters/index.cfm?cid=241


LONG ISLAND CHAPTER

NEWSLETTER


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1. President’s Message – September 2016 - - continued - -

We have all heard the challenge posed by our new Global Chairperson of the Board, Angela Witzany, who advises us that “our ability to remain relevant hinges on ceaseless attention to organizational priorities” within each of the organizations that we serve. She uses the motto “Audit Never Sleeps” to emphasize how important this is for all auditors, not just the CAE, to be constantly aware of strategic and emerging risks to our organizations. In order for us to do this well, we need to be diligent in our continuing education and training. The LI Chapter Board of Governors reflected on her message when we developed the annual training program for 2016-2017.

Long Island Chapter Programs for 2016/2017: We have made an extensive effort to build a program that includes new topics in the areas of compliance, internal audit, financial reporting, Information Technology and fraud. A synopsis of our program topics follows:

“Mastering the Five Tiers of Audit Competency: the Essence of Effective Auditing” – author Ann Butera will walk us through attainment of audit competency and how this improves our ability to add value to our organizations. This is her first book, which can be purchased at a chapter- subsidized price during this program.

Human Resource Compliance Risks – we will receive the latest update on the compliance aspects of the Affordable Care Act and other internal control matters related to human resources.

Annual Fraud Conference – this conference will be on Wednesday, November 16th. We will have a full day dedicated to sharpening our fraud awareness and detection skills.

Sensing Risks for CRMAs and Chief Risk Officers – this new topic highlights a technical discipline that some organizations are using to help predict future risk events.

COSO Update – the recently issued update and the background of COSO will be covered.

Data Analytics and Strategy for Continuous Monitoring – auditors are adding value by implementing useful data analytics. This discussion will offer insight into how to implement this process and examples of applications.

Annual IT Conference – we will have a full day dedicated to the most useful IT material for internal auditors.

Annual Conference – Mr. Richard Chambers, President and Chief Executive Officer of the Institute of Internal Auditors, will be our keynote speaker. We will have the PSEG COO discuss their plan for continued services for LI; there will be an update on Lease Accounting Standards and Revenue Recognition Standards, as well as a discussion on Ethics and Compliance.

We anticipate an exciting year and hope you will join us for your continued education and professional development. The Long Island Marriott in Melville has become our home away from home and where we will host our training events again this year. New for this year, we have rearranged the conference presentation room layout and the audio visual technology so that your ability to see and hear speakers and their presentational materials will be enhanced.


LONG ISLAND CHAPTER

NEWSLETTER


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1. President’s Message – September 2016 - - continued - -

You will receive information to participate in joint events with the NYC Chapter and other Chapters in our District to provide opportunities to Network with peers and gain more knowledge. We will also be holding after hour Chapter socials and other local gatherings so that we have more opportunities to socialize and continue business discussions.

Our chapter has over 400 members! We are expanding our communications with you with the

launch of the LI Chapter Twitter account: @IIALIchapter. We will have meeting information, pictures and other important information on this account so be sure to follow us. Because of the support we have received from our membership, our chapter has been elevated in its category of activity within the IIA. We are now a Sapphire level chapter. I apologize in advance for bragging about this, but it is a significant achievement indicative of the support and collaborative efforts of our membership. It comes from 25 years of dedication to our members’ needs. We should all be proud of our accomplishment. We have a great chapter that responds to members’ needs. Please reach out to myself or a Board member if we can assist you. I can be reached at 516-877-3283 or [email protected]. See you September 9, 2016!

Kind regards,

Ellen Caravella, CPA, CIA

mailto:[email protected]


LONG ISLAND CHAPTER

NEWSLETTER


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2. Chapter Program Subscription

Reprinted below from our Chapter’s Email notice to members is the program schedule for 2016/2017 and information on signing-up for a subscription to all programs. Please note the significant cost savings that you can obtain by using the subscription for the entire year’s educational programs.

……………………………………………………………………………………………………………

The IIA 2016-2017 Long Island Chapter Seminars

An Exceptional Educational (CPE/CPD) Value!

The Institute of Internal Auditors Long Island Chapter is pleased to continue its tradition of offering high-quality focused educational events to our members. These seminars provide relevant, current content and provide a high degree of value to attendees. Our 2016-2017 schedule (see page 2) includes coverage of key issues and relevant skills presented by recognized experts in an informative and relaxed setting. Each seminar (full-day and half-day) will provide 4, 5 or 8 CPE/CPD credits, a total of 49 for all eight (8) seminars. All of the seminars will be held at the centrally located Melville Marriott and include breakfast and lunch. Please note the November Annual Fraud Conference is on Wednesday November 16th.

All other programs will be held on Fridays.

The 2016-2017 subscription cost is $800 for eight (8) seminars; this is a 24.5% savings ($260) off our already low member prices. A subscription may be shared among employees from the same company. Subscription credits can be used to fit your busy schedule so that if a session is missed, you can make up for it in future sessions within the program year. This is an exceptional educational (CPE/CPD) value! - - - There are two ways to obtain a subscription:

1) To pay by credit card, please register and pay via CVENT by using the “subscribe” button below.

SUBSCRIBE HERE

2) To pay by check, make your check payable to “IIA Long Island Chapter,” complete a Manual Subscription Form (see page 3), attach your check and mail to: Institute of Internal Auditors - Long Island Chapter c/o Maria Michaelson, P.O. Box 442, Smithtown, NY 11787.

The Officers and Governors of the Long Island Chapter of the IIA look forward to serving you during the 2016 2017 Chapter year. It is an honor for me to serve as your President, and I hope that you will take advantage of the quality local training and the discounted subscription plan. This is a joint effort between the Members, Officers and Governors that allows the Long Island Chapter to provide the high -quality, low cost training and networking opportunities that it has for many years.

Please contact me if I can be of assistance. - - - Sincerely,

Ellen Caravella, CPA, CIA President, The Institute of Internal Auditors Long Island Chapter (516) 877-3283 – or – [email protected]

Save even more with our Subscription Plan!

http://www.cvent.com/d/2vq9jc/4W



LONG ISLAND CHAPTER

NEWSLETTER


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Date/Location Format/

CPE/CPDs Topic Prices

September 9, 2016

Friday Melville Marriott

Half Day (8:30AM to 1:00PM)

(Breakfast and Lunch) 4 CPE/CPDs

“Mastering the Five Tiers of Audit

Competency: the Essence of Effective Auditing”– Ann Butera

Member -$90

Non-member - $115

Student - $30

October 28, 2016




Human Resource Compliance Risks

Member - $90 Non-member -

$115 Student - $30

November 16, 2016

**Wednesday** Melville Marriott

Full Day (8:30AM to 5:00PM)


Annual Fraud Conference


$225 Student - $30

December 16, 2016




Sensing Risks for CRMAs, Chief

Risk Officers and Auditors


$115 Student - $30

January 20, 2017




COSO Update


$115 Student - $30

February 17, 2017




Data Analytics and Strategies for Continuous Monitoring


$225 Student - $30

March 24, 2017




Annual IT Conference


$225 Student - $30

April 21, 2017




Annual Conference

Mr. Richard Chambers Keynote Speaker


$225 Student - $30


LONG ISLAND CHAPTER

NEWSLETTER


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2. Chapter Program Subscription – continued -

Continental Breakfast is served at 8:00 a.m. Registration for individual events generally opens 20 days before each

event. For more information go to: http://www.theiia.org/chapters/index.cfm?cid=241

Chapter Programs Subscription ~ 2016/2017 Save 24.5% ($260) with our 2016-2017 Subscription Plan. For just $800, you can

attend all 8 seminars and earn 49 CPE/CPD credits. If a seminar does not fit your schedule or needs, you can send two people to a future comparable seminar

covered by the subscription plan within the plan year.

The Institute of Internal Auditors Long Island Chapter Manual Subscription Plan Registration Form

2016-2017

Name:

Title:

Organization:

Address:

Phone: Fax:

Email Address:

Number of Subscriptions: @ $800 each = Total Cost

Make Checks Payable To:

IIA Long Island Chapter

Mail Check and Completed Registration Form To:

Institute of Internal Auditors - Long Island Chapter

c/o Maria Michaelson, Treasurer - P.O. Box 442

Smithtown, NY 11787

( Email: [email protected] )



LONG ISLAND CHAPTER

NEWSLETTER


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3. IIA 75th Anniversary NYC Conference Recap ~ July 2016

IIA’s 75th

~ Event Synopsis

The 75th Anniversary of the Institute of Internal Auditors was celebrated at the Jacob K. Javits Convention Center in New York City July 17 thru 20. A three day sequence of educational programming by noted speakers, an expansive presentation of professional exhibits of products and services combined with a stellar variety of dining and entertainment events. Some 2,300 participants, volunteers, exhibitors and speakers from all over the world took part in this 75th anniversary celebration. This celebration was a testimony to the beginnings of the IIA in New York City 75 years ago in December 1941 when eleven Internal Auditors first met to initiate the IIA we know today. However, our IIA today numbers 180.000 members from 170 countries – many members and countries were in attendance at the conference to honor the anniversary whose motto that states: “Internal Audit Rising . . . 75 years of Progress Through Sharing “.

IIA’s 75th

~ Conference Kickoff

Every special occasion strives to mark its beginning with a designated notable event. With typical creative

aplomb the IIA “Kicked-Off” their 75th

celebration on June 30th

from the floor of the New York Stock

Exchange thus notifying the entire world of the start of its 75th

anniversary.

Representatives of the IIA and IIA Chapter officers from near and far gather at the Stock Exchange opening to “Ring the Bell” to start trading (see photo-right). Of course this was noted – clued by the IIA banner behind the group – around the world that day. Waldo is not in this picture – but “where is Ellen ?” –“where is Pinak?”- Ellen Caravella, president of the Long Island IIA Chapter, was at the “Bell-Ringing” ceremony – (Hint: look under IIA Logo in center of picture), along with Pinak Guha, Board of Governor member (look to right of Ellen). Both ably represented us at the NYSE.


LONG ISLAND CHAPTER

NEWSLETTER


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IIA INTERNATIONAL CONFERENCE ‘KICKOFF’ –

NY STOCK EXCHANGE FLOOR

Our group of Internal Audit representatives occupy the floor of the New York Stock Exchange ( see photo – left ) to further designate the start of the 75th Anniversary of the Institute of Internal Auditors – soon to commence a short distance from the Exchange at the Javits Convention Center July 17 thru 20, 2016..

IIA’s 75th

~ Volunteers and Supporting Activities

No event approaching the size of the IIA’s 75th Anniversary program can be carried-off without a host of supporting personnel working behind the scenes. Activities supporting the conference in this way were tasks like information-bag stuffing, preparing program presentation areas and etc. Once the program started – volunteers were in the midst of the melee directing crowd flow, answering questions, logging attendees into conference rooms, etc. A large part of this support staff were volunteers from IIA chapters. Some volunteers were even from foreign countries – but many were drawn from Chapters in the Tri-State area . . . with many volunteers from our own Long Island Chapter ‘lending a hand’. Volunteer work started on the Friday and Saturday before the conference start. The IIA provided nifty tee-shirts, with the IIA Conference emblem fashionably tailored over the heart. The strikingly chic color, a glaring scarlet, made it very hard to miss seeing a volunteer on the floor mixed-up with the business casual and formal wear of the International attendees. This fashion slant also makes it quite unsuitable to wear the tee shirts again – except on foggy Valentine’s Day celebrations.

IIA’s 75th

~ Program Content and Entertainment

It goes without saying that the technical programming was of the highest caliber. Technical topics ranged from the global economy to making sense of complex change in the board room. Keynote speakers, general sessions and specific conference room tracked presentations were interspersed with scheduled breakout sessions where attendees could network and socialize – the coffee and snacks were not bad either. A served sit-down daily lunch on the Javits Conference Center floor was one of the loudest ‘mess-hall’ sounds and scenes imaginable – over 2,000 hungry auditors in one place ! A 75th Anniversary gala included a reception, dinner and after dinner party featuring a ten-piece band, New York street entertainers and ‘special’ festive items ( souvenir photo booths, jugglers, magicians, etc.). Special tours of all sorts of corners of the ‘Big Apple’ were arranged for visitors from out of town.


LONG ISLAND CHAPTER

NEWSLETTER


Page | 9

IIA’s 75th

~ Long Island Chapter Volunteers On Site

Long Island Chapter Volunteers listed with the 75th event were: Kitty Craig, Biju Beegum, Rocky Shankar, Bill Mannix, Gary Jendras, Pinak Guha, Robert Skirkanich, Ellen Caravella, Alexander Scannella, Russel Safersein & Vikas Dutta. Note that this list may not be complete – and some listed may not have actually been able to serve – but this is our Chapter’s noted contribution to the 75th IIA Event.

Shown ( photo above-right) on the floor of the exhibit area at the Conference are (left to right): Biju Beegum; Kitty Craig; and, Bill Mannix.

Showing off their fashionista taste, ( photo above left) Long Island Chapter volunteers pose to premiere next Valentine’s day in their 75th Anniversary Conference volunteer shirts. Volunteers pictured are ( left to right): Russel Safersein; Rocky Shankar; and, Bob Skirkanich.

Besides the fashion golf shirt, volunteers were afforded the opportunity to attend a one day session for CPE

credits. As an additional show of support – our Long Island Chapter also sponsored a banner proudly

announcing our support for all to see in the halls of the Javits Convention Center.

IIA’s 75th

~ Anniversary Future - Things to Come

Long Island Chapter members who attended and/or volunteered at this year’s International Conference have many fond memories. All in our Chapter should plan to attend an International IIA Conference. If you missed this year’s Conference in New York City – no worry, be at the next one on July 21-26, 2017, in Sydney, Australia. Should you not be able to make Sydney, attend the following year’s Conference May 6-9, 2018 at the Dubai World Trade Centre in Dubai. On reflection, the LIRR ride to this year’s conference doesn’t seem so long !


LONG ISLAND CHAPTER

NEWSLETTER


Page | 10

4. IIA District Meeting Notes ~ June 2016

Our Long Island Chapter participated the day-long IIA North East District meeting, June 20, 2016. The meeting was held courtesy of Protiviti in the Protiviti Conference Room at their New York City facility. Chapter representatives attended from the North Jersey, New York City, Westchester/Fairfield and of course our Long Island Chapter. Chapter president Ellen Caravella led our Long Island contingent.

The purpose of this once yearly District meeting is to introduce new technologies and services from IIA National, discuss district Chapter accomplishments, programs, best practices and plan cooperative efforts to promote the growth of Internal Auditing. IIA national representatives discussed the technology and use-progress of the IIA Event Management Tool. Chapter marketing, websites and communications were also active topics. Best practices to increase the effectiveness of academic relations, chapter meetings, seminars, conferences and related chapter events were discussed in a round table format.

Regards Chapter seminar progress – our Long Island Chapter was noted for having a high rate of attendance at our monthly seminars when compared to other District Chapters. Data presented below was discussed – note that the ‘per cent of membership attending’ adjusts for the fact that the other Chapters have more members than Long Island ( New York-3,678; North Jersey-1184; Westchester/Fairfield-497).

Average Attendance at Monthly Chapter Seminars – ( 2016/15 past

year’s data)

CHAPTER: Westchester/Fairfield North Jersey New York Long Island

ATTENDEES (avg): 25 50-75 120 114

MEMBERSHIP PER CENT:

5 % 7 % 3 % 28 %

Factors that enhance program attendance were discussed and approaches to improve speaker quality within affordable budgets and improve presentations at venues were key items. Improving the ability to clearly hear speakers and to easily view their presentation materials is an approach our Long Island Chapter is implementing to enhance seminar experience at our venue. The possibility of offering combined Chapter seminars at an as yet determined convenient site was also discussed.

Adhering to a detailed day-long written agenda, with times scheduled in ‘5-minute’ increments, the highlighting of the (then) soon to arrive International Conference in NYC and governance/leadership practices were concluding topics. One of the conference’s memorable events was the “working-lunch” served in the conference room with all the aroma that only truly New York cuisine can provide - - - a truly festive treat of unlimited Ray’s Pizza !


LONG ISLAND CHAPTER

NEWSLETTER


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4. Long Island Logos in Transition

Our Long Island Chapter has seen our ‘logo’ undergo a virtual metamorphosis in the past year. Each change was somewhat unexpected- and the ‘symbolism’ of each logo has become

more ‘special’.

LOGO USE and SYMBOLISM ~ the story ~

LOGO GRAPHIC

Traditional pre-2015 Logo - - - ( see at right ) - - - Our Chapter designated logo for many years – this logo has lent a luster of dignity on our stationary, notices, forms, newsletters, and etc. As a familiar Chapter standard there was never a thought of changing this logo . . . until . . .

Silver Anniversary Logo - - - - - - ( see at right ) - - - October of 2015 marked our Chapter’s 25th Anniversary year – and to announce and maintain this excitement our October 2015 Anniversary Gala celebration a ‘commemorative’ silver anniversary logo was planned for use in place of our ‘traditional’ logo throughout 2015. This logo was to be ‘retired’ and the traditional logo returned – however, the coming 75th Anniversary of the IIA arriving in July, 2016 resulted in a request to maintain our anniversary logo until that time . . . unexpectedly . . .

SAPPHIRE Chapter Recognition Logo - - - ( see at right ) - - - Just when our Chapter was ready to return our ‘traditional’ logo in July 2016’ IIA Headquarters took note of our Chapter’s outstanding achievements over the years and noted that we had achieved the coveted status of a “SAPPHIRE” Chapter. So, just in time for a scheduled logo change we are now able to tout our achievement by displaying our ‘Sapphire’ logo. With the help of our membership we will maintain this status – and perhaps even achieve an as yet undefined higher logo level.

Whatever logo graphic is in vogue, our Long Island Chapter is always ready to serve the profession and our membership. The signature China may be changed from time to time, as outlined above, but our quality educational offerings and professional aid to our membership will always be our priority focus.


LONG ISLAND CHAPTER

NEWSLETTER


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6. Chapter September Program - Audit Competency

Following are details of the scheduled Long Island Chapter September 9th

program. Also listed are the prices,

CPE’s awarded for attendance and general information as to venues, directions, meals (if applicable) and

related information to make your attendance a pleasant and professional experience.

Chapter Program ~ ~ ~ September 9. 2016

Our September Program is entitled: “Mastering the Five Tiers of Audit Competency: the Essence of Effective Auditing”. Our speaker is Ann Butera, an accomplished

lecturer, professional Audit educator, a friend of the Chapter and now – with the publishing of her first book–an Author. Ann will have a supply of her book at the seminar

and they may be purchased at a Chapter subsidized price during the program.

Registration for the September 9th

Program

Here is the link to the registration for September's meeting:

http://www.cvent.com/d/wvqlg0/4W

Information supplied with this link includes an overview of the seminar program and additional background on our speaker. Registration options are also noted in the write-

up. If there is any problem accessing this link try copying it in your browser. Chapter members have received details on registration for the September Program in a direct

Email message. Should you have any questions regards the September Program, or

have a problem with the link, – please call or Email Ellen Caravella, our Chapter President at:

ELLEN CARAVELLA: Telephone: 516-877-3283 - or - Email: [email protected].

Program Schedule for the Entire 2016 to 2017 Chapter Year

A program schedule for all monthly seminars is provided in section 2 of this newsletter. Please refer to it and mark your calendars at your earliest convenience.

Date/Location Format/

CPE/CPDs Topic Prices

September 9, 2016



(Breakfast and Lunch)

4 CPE/CPDs

“Mastering the Five Tiers of Audit Competency: the Essence of

Effective Auditing”– Ann Butera

Member -$90

Non-member - $115

Student - $30

http://www.cvent.com/d/wvqlg0/4W



LONG ISLAND CHAPTER

NEWSLETTER


Page | 13

6. Chapter Program Information ~ continued ~

Details for Attending the Long Island Chapter Monthly Seminars

Please refer notes outlined below for details on our Seminar Time, venue, dress-code, breakfast/lunch offerings and other details pertaining to all program offerings.

This information is supplied to aid in use of the Chapter Program schedule. Please note that every effort is made to accommodate the needs of all attendees. Contact any

Chapter officer/board member with your comments and needs to make programs a

professional experience.

Continental Breakfast - is served at 8:00 AM

Lunch - is usually served at 12:30 PM

Dress - is Business Casual

Venue – All program events are held at the Melville, Marriott in Melville, Long Island. There is ample on-site parking and the Marriott is convenient to Old Country Road, the

Northern State Parkway, Long Island Expressway and Route 110. This site has been chosen to be convenient to the busy schedules of program attendees, for the

professional tone of presentation areas and the quality of dining facilities and services.

Program Cancellation - Over the years, only a few cancellations have taken place –

(hurricanes, snow days). A direct telephone number to the Marriott, provided to avoid trips to a closed facility is (631) 423-1600. All events are rescheduled.

Registration for individual events - Generally opens 20 days before each event.

Registration information is emailed to Chapter members and will appear in the Chapter Newsletter. For more information go to OUR Chapter website:


CPE/CPD Certifications – Attendees who participate in a program will receive a CPE/CPD certificate and be registered to receive credit for use in their certification needs

as appropriate.



LONG ISLAND CHAPTER

NEWSLETTER


Page | 14

7. Long Island Chapter 2015–16 Officers and Board of Governors

IIA - Long Island Chapter 2016 – 2017 Officers & Board of Governors

Executive Board Title

Ellen Caravella President

Maria Michaelson EVP & Treasurer

Lauren Agunzo VP & Asst. Treasurer

Marco Dias VP & Chief Information Officer

Rocky Shankar VP & Operations Officer

Brian Austin VP & Membership

Marshall Lieberman VP & Secretary

Board of Governors

Ernest Patrick Smith Past President

Robert McNair Past President

Biju Beegum Governor

Brian Blisard Governor

Lucille Brower Governor

Vincent Colletti Governor

Roy Garbarino Governor

Ronald Goldman Governor

Pinak Guha Governor

Larry Karp Governor

Prabhat Kumar Governor

Michael Lanning Governor

Joel Lanz Governor

Joyce Larson Governor

Carolyn Leahy Governor

Lauren Nichols Governor

Fred Piulson Governor

Andrea Reece Governor

Russ Safirstein Governor

James Shiveley Governor

Alice Seoylemezian Governor

Bob Skirkanich Governor

Annette Welsh Governor

Chris Wright Governor


LONG ISLAND CHAPTER

NEWSLETTER


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7. Long Island Chapter 2015–16 Officers and Board of Governors ~ continued ~

District Representatives

Raquel Marin-Oquendo District Representative

Neil Frieser District Advisor

Committee Members

Dawn Scala Historian

Lauren Agunzo Website Administration

Biju Beegum Certification Committee

Lauren Nichols and Roy Garbarino Academic Relations Committee (ARC)

Bob Skirkanich Communications

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