Inside This Issue

President’s Message ................... .1,2

Special Points of Interest

• IT Emerging Risks Seminar Recap…………………………………...2

• Internal Audit Awareness Month…………………………………..3

• Writing Audit Reports Recap...4

• Upcoming IIA Webinars………...4

• Upcoming Conferences and Events…………………………………...5

• Upcoming Local Events…….…...5

• Job Postings……………….…….…6,7

• 2019 Emerging Leaders………...8

• 2019 Board Elections…………....8

President’s Message Hello fellow IIA Members! Well, it appears that Spring has finally sprung and that is certainly a

welcome sight. With Spring comes planning. Planning for our upcoming

chapter year, that is. Our chapter years run from June 1 – May 31. Our

chapter’s Board will be meeting in person on June 4 in the Fox Cities area

to begin planning events for the new chapter year and you are welcome

to join us. If you are interested, please contact me and I will provide you

with details.

Another aspect of Spring and planning that we are working on is Board

and Officer elections. Inside this Cheddar Letter, you will find the slate of

Board members and Officers proposed for this upcoming chapter year.

Please review that list and vote by sending an email to the chapter email

(Chapter167@IIAChapters.org) by May 15.

Yet another connection to Spring – did you know that May is

International Internal Audit Awareness Month. Here are some things you

can do as an individual to celebrate and build internal audit awareness:

• During the month of May, customize your email signature and social

media accounts with the International Internal Audit Awareness

Month digital icon.

• Connect with your executive leaders and host a workplace

celebration – who doesn’t like cake?

• Hand out educational fliers on internal auditing or ask staff members

to speak with someone in the department about the purpose and

importance of internal auditing.

May 2019

The Cheddar Letter

Continued on page 2

President’s Message, continued...

View the IIA video for additional ideas or get creative - come up with your own ideas. Anyone

who submits pictures for inclusion in the next Cheddar Letter will earn a prize.

Happy International Internal Audit Awareness Month and Happy Spring!

Melissa Simonis

FVCW Chapter President

Melissa.Simonis@sentry.com

715-346-7370

2

IT Emerging Risks Seminar Recap

Mr. Thomas Carroll, Deloitte Advisory Partner and Mr. Devendra Awasthi, Deloitte Advisory

Senior Manager joined us on March 27 at the St. Norbert College campus and shared their

thoughts on IT Emerging Risks.

Mr. Carroll shared the Deloitte CAE Survey results, discussed the future of internal audit and

defined the top 10 emerging IT internal audit issues. The session was interactive allowing for

attendees to reflect on how the risks, issues and requirements relate to their own experiences

and future.

Mr. Awasthi presented a NASBA-certified CPE session on Cloud Computing Security and

Controls. Frameworks, perspectives, resources and approaches were shared and discussed.

Group networking and breakout sessions helped to apply the new knowledge. The session

came to a close with auditors acknowledging a new-found confidence with auditing and/or

understanding the cloud.

Thanks to everyone who attended and thanks to Alissa Oudenhoven for assisting with the

arrangements at St. Norbert College.

3

May is Internal Audit Awareness Month

Many professions enjoy an inherently universal understanding of their value. Most people understand the role of a doctor, for example, so a campaign designed to build awareness of what doctors do is generally not necessary. Unfortunately, this may not be true for the internal audit profession. In fact, even internal auditors’ close friends and family don’t understand exactly what an internal auditor does.

The Institute of Internal Auditors (IIA) supports efforts to raise awareness of the internal audit profession and its value. The aim is not only to dispel misperceptions of the profession, but also to enhance the business community’s knowledge of the essential role internal auditing plays in strong organizational governance, internal control, and effective risk management. When management and boards of directors come to fully appreciate the value of internal auditing, they ensure the internal audit activity is adequately sourced and effectively utilized. Similarly, as the general public becomes more familiar with what internal auditors do, the number of individuals who consider it a viable career option rises, fueling the profession with greater talent.

As an internal audit professional, you play an important role in raising awareness and elevating the profession. Whether you are actively involved in your local chapter, new to the field, part of an extensive audit team, or the sole practitioner at your organization, there’s something you can do to elevate the profession.

Here are a few ideas you can do to create awareness:

• Customize your email signature with the International Internal Audit Awareness Month digital icon which can be found at https://na.theiia.org/about-ia/PublicDocuments/Building-Awareness-Toolkit-NA.pdf

• Conduct a lunch-and-learn with people who work in your organization. Explain what you do and why you do it, and answer questions to clarify their perceptions.

• Let your organization know when you obtain a new IIA professional certification — and celebrate your achievement with coworkers! If someone in your organization earned an IIA certification in the past year, host a celebration for them this month!

• Help correct misperceptions about your profession by sharing Five Classic Myths About Internal Auditing with non-auditors.

• Invite a department head to provide a positive testimonial on how internal audit has pro-vided valuable insights, ideas, and recommendations for improvement.

• Start or join a conversation about building awareness on The IIA’s Facebook, Twitter, and LinkedIn pages with the hashtags #IIAMAY and #iaawareness2019.

4

Writing Audit Reports Recap

Upcoming IIA Webinars

Did you know that the IIA Website has various learning opportunities covering the latest topics

in internal auditing? One great way to learn from the comfort of your office is to attend a

webinar.

IIA webinars provide:

• Short, interactive presentations led by professionals;

• Keen insights from audit experts;

• Immediate awareness of current trends;

• Free access for IIA members;

• Complementary CPE credit.

Here are some upcoming webinars:

• May 21, 2019: Public Policy Issues Ahead: A Washington Perspective

• June 4, 2019: Environmental Risk: Aligning Effort to Create Value and Mitigate Risk

• June 18, 2019: Code of Ethics: Implementation Guidelines

• July 16, 2019: The Internal Audit/Audit Committee Relationship

• July 18, 2019: The 2019 Financial Services Regulatory and Legislative Landscape

On February 21, 2019, the Fox Valley/Central Wisconsin Chapter sponsored the event “Writing Audit Reports” which was led by Johnnie T. Keith, from JonSherr Enterprises. The event was attended by over 50 local IIA chapter members and gave attendees an opportunity to improve out report writing by:

· Removing bias and wordiness from communication. · Communicating in active vs passive voice. · Identifying different types of audit reports. · Developing effective audit observations. · Understanding audit objectives vs audit program steps.

The event also included a brief panel discussion with 2 local audit leaders from the chapter. The topic of discussion centered around communication with the Audit Committee.

5

IIA Conferences and Events

Upcoming Fox Valley/Central WI IIA Events

• June 13, 2019— Fraud Detection and Incidence Response for Auditors, Venue: Jeweler’s

Mutual, Neenah

• October 16, 2019—Mr.Excel, Venue: TBD

• November 14, 2019—Lessons of an 8 Million Dollar Fraud, Venue: TBD

The IIA offers a wide variety of dynamic events focused on emerging issues in internal

auditing. IIA conferences are designed to allow for networking with peers, gaining greater

understanding of leading practices, and taking your career to the next level.

Here are a few upcoming IIA conferences and events: • International Conference, July 7-10, 2019, Anaheim, CA

• Governance, Risk & Control Conference, August 12-14, 2019, Ft. Lauderdale, FL

• Financial Services Exchange, September 16-17, 2019, Washington, D.C.

• Environmental, Health & Safety Exchange, September 16-17, 2019, Washington, D.C.

• Women in Internal Audit Leadership, September 18, 2019, Washington, D.C.

• All Star Conference, October 21-23, 2019, Las Vegas, NV

Profile Update—www.theiia.org

Don’t miss out on training opportunities due to incorrect email information in your profile!

How long has it been since you updated 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/out

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Job Posting

Internal Auditor - 190593 - Full-time

Shift: 1st Shift The Schneider organization has an immediate need for a detail oriented Internal Auditor within our Finance

Department. The Internal Auditor will be responsible for reviewing accounting, financial, and operating controls

while identifying weaknesses to ensure Company assets are safeguarded and compliant with corporate policies

and procedures. The Internal Auditor will also be responsible for performing financial, operational and

compliance audits as well as control testing, documentation of processes, associated testing and summaries of

gaps identified. Duties and responsibilities to include but not limited to:

• Execute work, per audit programs to ensure control weaknesses are identified and action plans are created

and implemented

• Prepare work papers to document audit procedures performed.

• Test key controls and document noted exceptions.

• Ability to understand and visually map end-to-end processes

• Assist in drafting post audit reports in preparation for presentation to Senior Leaders.

• Provide support for and participate in discussions of findings and recommendations with appropriate

Leadership.

• Minimal travel may be required (0-5%)

By choosing a career with Schneider, we improve your life by offering:

• Annual profit sharing bonuses available

• Strong work/life balance that includes paid holidays and generous personal time off

• Medical, dental and vision insurance plus company-paid life insurance

• 401(k) savings plan with company match plus a company-paid retirement plan

• Tuition reimbursement and free financial service assistance

• Health Care Spending Account

• On-site services at some facilities including cafeteria, gym and fitness classes, walking/jogging trail, ATM,

personal mail services, company store and much more

• Resilient, values-based culture that drives safety, integrity in every action, respect and excellence in all we do

• Individual development opportunities through company-paid training, active leadership involvement and

more than 170 online personal development courses Our preferred candidate will have:

• Bachelor’s degree required. Preferred areas of study to include Accounting, Business, Finance, Economics or

other relevant discipline.

• CPA, CIA, or CISA certification desired; Commitment to obtaining certification within two years required.

• One to three years’ experience in Internal or External Audit preferred.

• Internal Audit or External Audit experience with exposure to internal audit concepts desired; Public

Accounting and Sarbanes-Oxley experience desired.

• Demonstrated initiative and self-motivation to deliver results with resolute timelines.

• Interpersonal skills to communicate recommended changes effectively.

• Strong written and oral communication with ability to engage cordially with others.

• Demonstrated stress tolerance in a fast paced work environment.

• Accuracy with attention to detail to recognize problems and recommend solutions or drive change.

• Proficient skills in MS Office products/ software applications preferred. ERP systems exposure helpful.

7 7

Senior Internal Auditor - Job Number: 190910 - Full-time

Shift:: 1st Shift The Schneider organization has an immediate need for a Senior Internal Auditor within our Finance Department.

The Senior Internal Auditor will be responsible for reviewing accounting, financial, and operating controls while

identifying weaknesses. This will ensure Company assets are safeguarded and compliant with all Schneider

policies and procedures. The Senior Internal Auditor will plan and perform financial, operational, and compliance

audits and will be responsible for identifying control weaknesses, discussing those risks with Leadership, and

providing recommendations. Duties and responsibilities to include but not limited to:

• Design and develop audit programs to ensure control weaknesses are identified and action plans are created

and implemented.

• Prepare work papers to document audit procedures performed to meet professional standards and

expectations of Internal Audit

• Identify and test key controls and provide recommendations for improvements.

• Review Audit work papers for accuracy and completeness.

• Summarize post audit reports and recommendations in preparation for presentation to Senior Leaders.

• Facilitate and/or participate in discussions of findings and recommendations with appropriate Leadership. By choosing a career with Schneider, we improve your life by offering:

• Annual profit sharing bonuses available

• Strong work/life balance that includes paid holidays and generous personal time off

• Medical, dental and vision insurance plus company-paid life insurance

• 401(k) savings plan with company match plus a company-paid retirement plan

• Tuition reimbursement and free financial service assistance

• Health Care Spending Account

• On-site services at some facilities including cafeteria, gym and fitness classes, walking/jogging trail, ATM,

personal mail services, company store and much more

• Resilient, values-based culture that drives safety, integrity in every action, respect and excellence in all we do

• Individual development opportunities through company-paid training, active leadership involvement and

more than 170 online personal development courses Our preferred candidate will have:

• Bachelor’s degree required. Preferred areas of study include: Accounting, Business and Finance.

• Three to five years Internal Audit and External Audit experience

• CPA or CIA certification required, data analytics experience and/or CFE helpful

• Public accounting and Sarbanes-Oxley experience strongly preferred.

• Analytical capacity to understand and visually map end-to-end processes in varied areas of the company

• Effective facilitation skills to lead and direct small group

• Proficient skills in MS Office products/ software applications. ERP systems exposure helpful.

• Strong communication skills and ability to influence

• Accuracy with attention to detail to recognize problems and recommend solutions or drive change.

• Demonstrated initiative and self-motivation to deliver results within resolute timeline

Job Posting

2019 Emerging Leaders

Who Represents the Future of Internal Audit Leadership?

The quest is on for tomorrow’s internal audit leaders. Internal Auditor magazine will recognize up-and-coming internal audit professionals in its October 2019 issue. What defines an extraordinary internal auditor? Innovation, integrity, knowledge, passion? Do you know a high-performing internal auditor who possesses the qualities to become a thought leader in the industry? Is it you? Acknowledge dedication to the profession and nominate yourself or someone else.

Nominees must be members of The IIA and have, or be working toward, the Certified

Internal Auditor® (CIA®) designation. Relatives may not nominate a family member. Self-nominations will be accepted this year. The magazine will not feature more than one emerging leader from the same company. All nominees must be age 30 or younger as of Dec. 31, 2019.

Nominations close May 10, 2019.

2019 Board Elections

It’s time for Board Member Elections! Please vote for the following members via the chapter email chapter167@iiaChapters.org. Here is the slate for the 2019-2020 Chapter year:

Melissa Simonis, President Matt Rotter, 1st Vice President Ben Shepherd, 2nd Vice President Cara Newman, Secretary Tim Peterson, Treasurer Alissa Oudenhoven Carmela Schmitz David Gust Julie Kimps Jennifer Jordan Kevin Petersen Nick Dombrowski Travis Wouters Nick Geffers Nathan Wilkinson * Chris Cherney * Liz Kilinski * *New to the Board

Leaving the board this year is Ryan Streicher. Thank you Ryan for your service!