Institute of Internal Auditors (IIA) Baltimore Chapter Newsletter
March 31, 2017
March/April 2017 Letter To Members from the President
Dear Baltimore Chapter Members,
Spring has finally arrived and things are beginning to heat up. The same holds true for the Baltimore Chapter of the IIA. We are coming to the end of our Chapter year and we have a number of activities scheduled to wrap it up. In April the Baltimore IIA training event, entitled Internal Audit’s Role in Establishing ERM and Elevating Enterprise Risk, is designed to provide internal auditors background on enterprise risk management and how internal audit is playing a major role in championing this most important institutional practice. Adam Marshall from RSM will lead us through the discussion.
On May 25th, the Baltimore Chapter will be holding our Spring Social event at Little Havana in Federal Hill. The event will include three free drink tickets, hors d’oeuvres and great networking opportunities! Our annual award dinner is currently scheduled for May 8th and we will be honoring all past presidents and new certificate recipients. We will also be celebrating internal audit awareness month at the event which will be held at Oriole Park at Camden Yards.
In other Chapter news, we are currently looking for individuals interested in being involved with the Chapter. Please contact me directly if anyone is interested in getting more involved in the Chapter. There are many opportunities.
Finally, I would like to thank all those who participated in the March IIA fraud and ethics training. The event was a terrific success!
We Want to Hear From You – May is International Internal Audit Awareness Month
We know and understand the value we provide to our organizations. And our organizational leaders recognize this as well. As internal auditors, we work diligently to add value to our organizations by providing assurance, insight and objectivity. We do this by keeping an eye on the organizational climate and by performing a variety of activities, such as assessing risks, analyzing opportunities, suggesting improvements, promoting ethics, ensuring accuracy of records and financial statements, educating senior management and the board on critical issues, investigating fraud, detecting wasteful spending, raising red flags, recommending stronger controls and monitoring compliance with rules and regulations.
The Institute of Internal Auditors (IIA) supports these efforts and encourages us to continue to raise awareness of the value of the profession. This includes enhancing the business community’s knowledge of our role and the value we provide. The IIA has designated the month of May as International Internal Audit Awareness month to promote this value. The Chapter has events planned for the month and we hope that you will be able to join us.
We want to hear your successes about promoting the value of internal audit not only within your organization but to the business community. Please send your accomplishments to StrategicPlanning-Chair@baltimoreiia.org and we will share your successes with our Chapter members.
Congratulations to our newly certified members!!
The CIA is the only globally accepted designation for internal auditors and the standard by which individuals demonstrate their professionalism in internal auditing. Moreover, earning the CIA designation is more than just proof of what you know and what you’ve achieved — it’s the best way for auditing professionals to communicate to the world that they are prepared to meet today’s challenges. (IIA North America)
The CCSA is a recognized professional designation for CSA practitioners at any CSA experience level who are responsible for driving organizational change. Understanding key concepts like risk and control models enables CSA practitioners from all backgrounds to master the techniques that are vital to helping companies achieve their objectives. Just as important, earning the CCSA is a great way to help you achieve your objectives as you seek to move forward in your career. (IIA North America)
The CRMA is a mark of professional distinction for internal audit practitioners. Earning the CRMA will assist you in demonstrating your ability to provide assurance on core business processes in risk management and governance, educate management and the audit committee on risk and risk management concepts, focus on strategic organizational risks, and add value for your organization. (IIA North America)
The CFSA is a valued specialty certification for audit professionals working in banking institutions, thrift/savings and loan organizations, credit unions, insurance companies, security and commodity services, holding and investment companies, credit agencies, financial services regulatory agencies, and other financial services organizations. If your goal is to continue to grow as a financial services audit professional and demonstrate the breadth of your financial services knowledge, the CFSA designation is for you. (IIA North America)
The Baltimore Chapter was recently certified by the National Association of State Boards of Accountancy (NASBA)!
In order to become NASBA certified, our training had to meet rigorous requirements related to quality, record keeping, and other areas. This certification makes it easier for our training to be accepted for CPE requirements, particularly by the various state boards of accountancy. Our sponsor number is #137544. Find out more at this link: About NASBA Certification.
The Last Training Event of the Chapter Year! And an opportunity to serve the community!
April 21: Internal Audit's Role in Establishing ERM and Elevating Enterprise Risk (8 CPE)
An RSM team lead by Adam Marshall, RSM’s Southeast Enterprise Risk Management Practice Leader, will provide you with the tools you need to facilitate or advance ERM at your firm and elevate enterprise risk conversations. Topics will include the updates to the COSO ERM Framework, a 2017 Risk & Economic Outlook, risk culture and the role of internal audit. This is an opportunity to share experiences and best practices and facilitate discussion.
Please consider bringing to this event kitchen supplies and personal care items to benefit Paul’s Place, which tackles poverty by offering hot meals, clothing, emergency assistance, health clinics, literacy, job-readiness and training, and after-school programs to Baltimore communities. See the complete list of accepted items on the registration link above or visit https://paulsplaceoutreach.org/
Celebrating the Internal Auditor Past Presidents and Awards Dinner May 8, 2017, 5:30 pm Oriole Park at Camden Yards
Dinner followed by an Orioles game
Cost: $30 members, $60 non-members
Join us for this special event to celebrate International Internal Audit Awareness Month, to honor our Past Presidents for their service and to recognize our certification and scholarship recipients. Your ticket to this event includes use of a party suite on the Club Level, a buffet, beer and wine and ticket to the game. Space is limited so register early.
Spring Social Event
IIA Baltimore Spring Fling Happy Hour at Little Havana
Get a Jump Start on the Holiday Weekend!
Event Description: What better way to celebrate a hump day than to join your fellow chapter members for a networking and social event on May 25th at Little Havana in Federal Hill? Time: 5 pm till you want to leave (or they close up) Drinks: 3 drink tickets on the Chapter and cash bar after that. Food: Hors d’oeuvres to be served Prizes: Maybe (so bring a business card just in case) Cost: Free to members / $10 non-members
There are no CPE credit hours awarded for attending this event.