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December 2012

President's Message

 Dubois Photo

I hope everyone has had an enjoyable and productive season. I am confident that if your year-end has been anything like mine you have been busy trying to complete numerous tasks and audits while planning and budgeting for the coming year. But as we look forward to the holidays and the promise of a new year, I hope each of you will have an opportunity to take some well-deserved time off during this season to enjoy time with family and friends. Read More...


Foreign Corrupt Practices Act

By now, most legal, finance, and compliance personnel at large, international manufacturers are well versed in the compliance requirements of the US Foreign Corrupt Practices Act of 1977 (FCPA). Executive leadership at most companies that are affected by the FCPA have been satisfactorily scared into compliance by promises of huge fines and jail time if violations of the FCPA are uncovered. To be sure, the fines are huge and the jail time is real - depending upon the violation, a company can be fined up to $20 million, and an individual can be fined up to $5 million and spend up to 20 years in jail for each violation. Read More...


2012 Accounting and Auditing Student Conference

A very successful "Accounting & Auditing Student Conference" was held on October 2, 2012 at the Minneapolis Convention Center. This was the 15th year for the annual conference. With 510 students and 53 exhibitors, the conference hall was a sea of black suits filled with energy and excitement. Read More...

AASC


Fall Recognition Event Recap

In November, our TCIIA CAE's, members and guests arrived at the Graves 601 Hotel in downtown Minneapolis to network, celebrate and have some fun!  Read More...

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Certification Deadlines Approaching!

December 31, 2012 is fast approaching! This is the deadline for CPE reporting for all IIA certifications and the end of the PER provision period for the new CRMA certification. 

Read More...

 

reminder2


Academic Relations Committee Update

The TCIIA Academic Relations Committee has been busy promoting the internal audit profession at college campuses across the state. Recent activities include awarding scholarships, development of an advisory committee at SCSU, and several student presentations. Read more about these exciting activities!

SCSU


Upcoming Roundtables

Several roundtables are planned for early 2013. These roundtables are available to individuals and audit groups who have paid the the 2012-2013 roundtable participation fees. Click here for a list of events that are currently scheduled.


Upcoming Training Opportunities

The Twin Cities IIA Chapter continues with its mission of providing members with affordable and relevant training opportunities throughout the year. Click here to see a list of upcoming programs.


Current Job Opportunities

ECMC Group - Senior Internal Auditor

Your organization can have a job opportunity posted on the Twin Cities IIA website, included in this newsletter, and posted to the Twin Cities IIA LinkedIn site. The cost to have the opportunity posted on the website for 4 weeks is $100 for member companies and $125 for non-member companies. Please contact Hilary Marschke at iia.twincities@yahoo.com if you are interested in posting a job opportunity.

Visit the News tab on the Twin Cities IIA website for current job opportunities in the Twin Cities area. For global employment opportunities, visit The IIA's Audit Career Center. 


Editor's Note

If you have an article or any other item that you would like to include in the newsletter, please submit your information to Kate Jahnke at katherine.a.jahnke@ampf.com


Other Notes

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In This Issue

  • President's Message
  • Foreign Corrupt Practices Act (FCPA)
  • 2012 Accounting and Auditing Student Conference
  • Fall Recognition Event Recap 
  • Certification Deadlines
  • Academic Relations Committee Update
  • Upcoming Roundtables
  • Upcoming Training Opportunities
  • Current Job Postings

Links

Previous Issues

IIA Vision

The IIA will be the global voice of the internal audit profession: advocating its values, promoting best practice, and providing exceptional service to its members. 

IIA Mission

The mission of The Institute of Internal Auditors is to provide dynamic leadership for the global profession of internal auditing.  Activities in support of this mission will include, but will not be limited to:

  • Advocating and promoting the value that internal audit professionals add to their organizations;
  • Providing comprehensive professional educational and development opportunities; standards and other professional practice guidance; and certification programs;
  • Researching, disseminating, and promoting to practitioners and stakeholders knowledge concerning internal auditing and its appropriate role in control, risk management, and governance;
  • Educating practitioners and other relevant audiences on best practices in internal auditing; and
  • Bringing together internal auditors from all countries to share information and experiences.

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