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 As the new fiscal year begins, I want to take a moment to reflect on a few of the accomplishments of the past year. First and foremost, the Twin Cities Chapter continues to be one the strongest in North America and has again achieved ‘Platinum’ status, the highest honor awarded to individual Chapters. This status is based on the Chapter Achievement Program measured by the National Office of the Institute of Internal Auditors for service to members, service to the profession and Chapter Administration. Over this past year we offered nearly 30 roundtables, a dozen training programs, and expanded campus outreach efforts. We continue to look for opportunities to enhance the variety of educational opportunities and identify new ways to reach members. Through these efforts, and an improving economy, we saw increased attendance at Chapter programs and roundtables, many of which sold out in a few days. Following the decline in membership of over 9% in the previous year, I am happy to report our membership has stabilized; and, in fact, we saw a slight increase this past year.  As I begin my term as Chapter President, I am excited to be surrounded by a great group of Officers and Governors who are committed to delivering great service to the membership and profession. The coming year will be especially momentous as the IIA celebrates its 70th Anniversary. Our mission, “Progress through Sharing,” is as relevant today as when it was adopted in 1955. Our goal as a Chapter is to provide the educational and networking opportunities to support our mission. Although the economic outlook contains many uncertainties, from Euro zone debt concerns to soaring commodity prices, I look at this as an opportunity for all internal auditors to raise their game. At the IIA Leadership Conference in April, the key theme was the importance of staying relevant to leadership. We do that as a profession by understanding our respective organizations, advising management on key risks and continuing to deliver expanded value.
On a final note, I would like to thank Mike Halbach for his many contributions as Chapter President during the 2010-2011 Chapter year. He has been a great mentor to me while I served as President-Elect this past year. Although his term as President has come to a close, he will be moving on to begin a new 2-year term as District Representative for the Midwest Region, District 4. We look forward to working with him in his new role. I would also like to thank the many volunteers who give their time, experience and facilities to support our program and roundtable offerings. Our volunteers make it possible for us to deliver so many outstanding offerings to our members. Keep up the great work!
By Terry Schwagel, TCIIA Chapter President, 2011–2012 |
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Get to Know the 2011-2012 Board Officers Terry Schwagel, Chapter President Terry Schwagel is a Senior Manager of Global Internal Audit for General Mills Inc. He has been with General Mills for nearly 16 years during which time he held a number of Accounting and Finance roles. He holds a Bachelor’s Degree in accounting and completed his MBA at the University of Minnesota's Carlson School of Management in December 2010. Terry has attained his CIA certification and is a recipient of the James R. Kelly Award and the William S. Smith Award. He also maintains an active CPA license.
Terry has over 20 years of experience with both industry and professional services organizations including General Mills, The Pillsbury Company, RedLine Healthcare and McGladrey & Pullen. He has provided value-added internal audit services, external audit services, financial decision support, and has managed system implementation projects. Terry served as Treasurer for the Twin Cities Chapter of The IIA from 2007-2009. Terry feels that involvement in the local Chapter is the best way to contribute to the profession and exchange ideas with other leading organizations. |
Scott Weatherby, President-Elect Scott Weatherby is Vice President and Chief Audit Executive with Xcel Energy, Inc., a regional electric and gas utility headquartered in Minneapolis. In addition to his internal audit leadership experience in that position since 2004, Scott also worked as an external auditor for Deloitte & Touche from 1980-1991, leaving as a senior manager to join Xcel Energy. For his first 12+ years at Xcel, Scott held various management positions in controllership functions there, including corporate accounting, external financial reporting, management reporting, regional controller, and assistant controller. Scott is a licensed CPA and also holds a CIA certification.
Scott joined the TCIIA Board of Governors in 2008, and in particular has enjoyed the opportunities to network with other Twin Cities CAEs to discuss emerging issues for our profession. Scott also serves on the board of other nonprofit organizations, including Greater Minneapolis Housing Corporation and Companies to Classrooms. |
 Ryan Marschke, Treasurer Ryan Marschke works in the Internal Audit Department at Old Republic National Title Insurance Company. He has worked in the profession of internal audit for approximately 10 years in insurance, retail, and manufacturing environments. He passed the CIA exam in 2002 and also holds the CPA certification along with his MBA.
Ryan has worked domestically and internationally performing financial, operational, and compliance audits. He also has experience leading fraud engagements, facilitating risk assessments and performing governance activities.
Ryan continues to give back to the profession by performing the role of Treasurer for the Twin Cities IIA Chapter. He feels communication with his peers is the best way to promote, enhance, and increase the depth of services offered by internal auditors.
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 Nicole Weber, Vice President of Communications
Nicole Weber is a Senior Manager in the Minneapolis Office of Protiviti. She has over twelve years of professional experience in internal audit, regulatory compliance, and professional services, primarily within the financial services industry. Nicole holds the CIA and CFSA certifications, is QAR accredited, and has an MBA from the University of Minnesota's Carlson School of Management.
During the past year, Nicole has served as the Vice President of Communications for the Twin Cities IIA and has been instrumental in the implementation of Cvent, the new online event registration system used for roundtables, training sessions, and communications with our members. Nicole is looking forward to continuing in her role as Vice President of Communications and has plans to develop the Chapter's presence on LinkedIn during the next Chapter year to help promote networking between members.
She enjoys volunteering and also serves as the Board President of another Twin Cities non-profit organization, the Minnesota Council of Hostelling International-USA. |
 Lorraine Anderson, Vice President of Membership Lorraine Anderson is an Audit Leader at Wells Fargo & Co. A 30 year financial services veteran overall, Lorraine began her audit career in 2004 at a community bank and obtained her CIA in 2007. Since then she has been successful in conducting project and assurance audits with a more recent focus on technology and operations audits. Prior to her auditing role, Lorraine held many staff, analyst and managerial roles in various banking functions, such as collections, acquisitions, branch support, mortgage, trust and e-Business.
Lorraine has her B.A. in Finance and Management and is a Project Manager Professional (PMP). Lorraine is an innovative, enthusiastic leader and would like to help increase the awareness and membership of the Twin Cities IIA chapter. |
 Aaron Scanlan, Vice President of Programs Aaron Scanlan is a Principal Auditor with the Minneapolis Federal Reserve Bank. He has sixteen years of professional experience in insurance and banking with approximately thirteen years in the profession of internal audit. Additionally, Aaron served on a local credit union’s Supervisory Committee for one year. Aaron holds his CIA.
Aaron started his involvement with the Twin Cities IIA nine years ago volunteering as a CIA proctor. Since that time Aaron has volunteered in a variety of capacities including Certifications, Campus Outreach, and Programs. Aaron has used his current position as Vice President of Programs to bring Twin Cities IIA members relevant and quality training opportunities that are affordable and convenient.
Aaron enjoys helping individual Twin Cities IIA Chapter members develop professionally. Aaron plans to continue developing the Chapter's program offerings throughout this Chapter year. |
 Mark Hornung, Vice President of Roundtables Mark Hornung is a Partner with Four Point Partners LLC, a new professional services firm based in the Twin Cities, and a leader with the recently formed YCN Group. Mark recently retired from Ernst & Young LLP following a 30 year career with the firm. Mark’s E&Y leadership roles included time as the Midwest Region Practice Leader for the Risk (Internal Audit) and IT Risk practices. Most recently, Mark worked in the E&Y national office in various roles including serving as a member of the global Internal Audit, IT Audit & Security and Quality committees.
Mark has been an active participant with the Twin Cities IIA Chief Audit Executive roundtable group for several years, and recently joined as a member of the CAE Roundtable Committee. He is also a past member of The IIA's International Advanced Technology Committee.
Mark is a firm believer in the importance of staff development, quality service delivery and knowledge sharing. His goal is to support the Twin Cities IIA in providing training and facilitating knowledge sharing as the Chapter’s Vice President of Roundtables. |
Fourteenth Annual Accounting & Auditing Student Conference
 The 2011 Accounting & Auditing Student Conference will be held on Tuesday, September 27th at the Minneapolis Convention Center. This is a great opportunity to reach college students in the accounting and auditing fields – students from over 40 different schools attend this event. The conference is always looking for new exhibitors, particularly those from private industry. Registration is now open and exhibitor fees are as follows: $750 by July 22nd
$800 by August 19th
$900 after August 19thFor more information on the 2011 Accounting & Auditing Student Conference visit the website or contact Janine Quitter at 651.293.4214 or janine.quitter@ecolab.com or Linda Newman at 952.912.5741 or lnewman@gkservices.com.
By Janine Quitter, TCIIA Academic Relations Committee Co-Chair, 2011-2012
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Midwest Region District Workshop and Twin Cities IIA Board Meeting
On June 22nd, the Board Officers, Committee Chairs, members of the Board of Governors, and the Midwest Region District Representative met at Jax Café for the quarterly Twin Cities IIA Board meeting. We celebrated the accomplishments of the 2010-2011 Chapter year and welcomed new Board members who will serve during the 2011-2012 Chapter year.
Earlier in the day, members of the Board met at General Mills for the Midwest Region District Workshop to discuss plans for the upcoming Chapter year and hear about developments at The IIA's Global headquarters from staff members, Sarah Albright (Director of Membership) and Marci LaRouech (Partnership Account Manager). Kelly Cruz, Regional Manager for Holmes Corporation, also joined us to speak about The IIA's CIA Learning System.
 Back Row (Left to Right): Mark Sparano, Mark Hornung, Charles Dubois, Jim Rusch, Ryan Verstraete, Miron Marcotte, Kate Jahnke
Middle Row (Left to Right): Ryan Marschke, Aaron Scanlan, Scott Weatherby
Front Row (Left to Right): Barb Grondahl, Lorraine Anderson, Mike Halbach, Janine Quitter, Terry Schwagel, Tom Murphy, Randy St. Aubin, Beth Buse, Nicole Weber, Linda Smith
Board Members Not Pictured: Andy Augustine, Linda Gilligan, Diane Matson, James Scott, Dave Werpy
 During the meeting, Mike Halbach, 2010-2011 Chapter President, was recognized for his outstanding leadership and significant commitment to the Twin Cities IIA Chapter over the years and named the "King of CAP" (Chapter Achievement Program) for breaking all previous records. Mike will continue to serve the Chapter and The IIA in his new role as the Midwest Region District Representative. Following the Board meeting, Terry Schwagel, 2011-2012 Chapter President, received the official Twin Cities IIA gavel for use in conducting future board meetings.By Nicole Weber, TCIIA Vice President of Communications, 2011-2012 |
Search for LinkedIn Volunteers
The Twin Cities IIA is planning to launch a LinkedIn website for its members during the 2011-2012 Chapter year to promote networking and interaction between its members. We are looking for volunteers to help with this project, specifically assisting with the following tasks:
Posting audit-related articles and news items Driving discussions and responding to member postings on LinkedIn Approving requests to join the Twin Cities IIA group on LinkedIn Developing the “Terms of Use” for the LinkedIn site Monitoring the LinkedIn site for inappropriate content or postings Administration of the LinkedIn site
If you are interested in helping with the Chapter’s LinkedIn project or have other ideas on how we can leverage LinkedIn, please contact Nicole Weber at N_M_Weber@hotmail.com or 952.249.2230. By Nicole Weber, TCIIA Vice President – Communications, 2011–2012 |
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Upcoming Training Opportunities The Twin Cities IIA Chapter continues with its mission of providing members with affordable and relevant training opportunities throughout the year. We are in the process of developing the training schedule for the upcoming Chapter year and have some flexibility in the types of programs we offer. If you or your staff have any specific training needs, please let us know. You can send your requests to Aaron Scanlan at Aaron.Scanlan@mpls.frb.org.
This fall the Chapter will host the following training events.
Skills for the New Internal Auditor (Instructor: James Roth) When: Wednesday, September 21, 2011 8:30 AM - Friday, September 23, 2011 4:45 PM
Where: TBDCPE: 24 non-NASBA CPE Hours On September 21-23, 2011, the Chapter will offer the Skills for the New Internal Auditor training course, taught by Dr. James Roth. Dr. Roth is a highly regarded instructor and internal audit knowledge leader who has been teaching local internal audit talent for many years. How to Evaluate the Corporate Culture (Instructor: James Roth)
When: Thursday, September 28, 2011 8:30 AM - Friday, September 29, 2011 4:45 PM
Where: Larson Allen, LLP, MinneapolisCPE: 16 non-NASBA CPE Hours
The most powerful control in any organization is its corporate culture, which influences the behavior of every employee at every moment of every working day. Its importance becomes clear if we analyze the root cause of any major business failure. In every case, the root cause is something dysfunctional in the corporate culture. If internal auditors are to give the level of assurance that Boards and other oversight groups want, we must evaluate the corporate culture.
Techniques do exist to meet both challenges. This course presents a variety of tools and techniques for evaluating specific elements of the corporate culture – often called “soft controls.” Some of the tools are applied to the organization’s culture as a whole and some to the subculture in a specific area during audit projects.
In this course you will benefit from the instructor’s two decades of researching internal audit best practices, focusing particularly on soft controls and culminating in his 2010 book, Best Practices: Evaluating the Corporate Culture. You will see how each of these tools is applied – its challenges and keys to success. You will be able to draw from these tools to develop your own, and you will gain insight into how to tailor evaluation tools to your own organization’s culture.
Integrated Audits of IT-Enabled Projects (Instructor: Norm Kelson)
When: Tuesday, October 4, 2011 (8:30 AM – 5:00 PM) Where: Minnesota Society of Certified Public Accountants (MNCPA), BloomingtonCPE: 7 non-NASBA CPE Hours
Learn how Internal Audit can provide value by being proactively engaged in development projects. Learn how Internal Audit’s engagement ensures appropriate project governance, risk management, and realization of asset value.
The course is based on the CobiT® framework and ISACA’s revised Auditing Systems Development and IT Audit Projects guidance. You will learn how to use maturity models and management reporting mechanisms to routinely evaluate and report the progress of a project as it proceeds through its life cycle.
Audit Evidence and Professional Judgment (Instructor: Phil Flora)
When: Tuesday, November 1, 2011 (8:30 AM - 5:00 PM)
Where: Minnesota Society of Certified Public Accountants (MNCPA), BloomingtonCPE: 7 non-NASBA CPE Hours
This session will provide the attendees with skills and techniques necessary to identify the appropriate evidence to support the audit conclusion. The tools and techniques shared will also provide attendees with approaches to guide their use of critical thinking skills to facilitate the gathering of audit evidence. Real life examples of strong and weak evidence will be provided to further the learning process.
Finally, the course will be interactive and provide opportunities for attendees to practice what they learn.
Invitations for all training sessions will be sent soon. To view further details on current training opportunities, visit the Events tab on the Twin Cities IIA website. By Aaron Scanlan, TCIIA Vice President - Programs, 2011-2012 |
Join the Twin Cities Chapter of Financial Executives International (FEI) for the upper-Midwest’s must-attend event for financial executives this year. Learn from and connect with global leaders in innovation and technology. Engaging breakout sessions feature the latest tools and methods to spur organizational growth.
Register today & save $50!
Attending FORWARD 2011 will help you:
Read the FEI Forward 2011 Brochure for more information and details on how to register online. |
Save US $50 when you register before July 31st, and benefit from:- The experiences of 36+ concurrent session speakers on topics that can make a difference in your career – governance and ERM; technology auditing and emerging issues; legal and regulatory compliance; leadership, communication and people skills; Excel; and CIA exam preparation.
- A CIA review track that will prepare you to pass the exam by using The IIA’s CIA Learning System.
- An exclusive track focusing on issues critical to CAEs.
- Eight general sessions featuring highly respected professionals from Susan G. Komen for the Cure, Badger Meter, Inc., Emerson, Northwestern Mutual Life, and Raytheon.
- An opportunity to participate in and support the Susan G. Komen Race for the Cure.
- Pre-conference workshops on auditing financial services and automating audit with IDEA, and CIA review.
Download the Midwestern Regional Conference Brochure to read about the conference program – and register now to guarantee your participation in this highly anticipated event. Save US $50 when you register online before July 31st or call 407.937.1111 to ask about group discounts. |
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Upcoming Roundtables and Annual Roundtable Participation Fees The Twin Cities IIA is in the process of scheduling its roundtable series for the 2011-2012 Chapter year and is in need of volunteers to host and facilitate roundtables. If you are interested in either hosting a roundtable at your organization or sharing your knowledge with others in the Chapter, please contact Mark Hornung at mhornung@fourpointllc.com.
The Board of Directors of the Twin Cities Chapter of The IIA is currently reviewing and approving the Annual Roundtable Participation Fees for the 2011-2012 Chapter Year. An email with details on the benefits of roundtable participation and the fees for the current Chapter year will be sent out in late summer 2011. Please coordinate with your Chief Audit Executive to ensure payment is submitted for your audit department so you will be able to attend! By Mark Hornung, TCIIA Vice President – Roundtables, 2011-2012 |
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Spring Recognition and Networking Event Twice a year, Spring and Fall, the Twin Cities Chapter of The IIA hosts a recognition and networking event to recognize individuals who earned a certification as well as to provide members with networking opportunities. The 2011 Spring Recognition and Networking Event was held at the Jax Café on June 7th and approximately 80 people attended. I must say I was a little nervous about holding the event in the morning, but it went very well and the feedback was positive. Besides the fabulous breakfast, the speaker, David Schultz, Professor at Hamline University, presented “Ethical Issues in Fraud Examination” and I would say it was a hit! There was open discussion and it was well worth the 1 CPE. At David’s request he wanted me to provide you with his email address - dschultz@gw.hamline.edu. Feel free to contact him with further questions.
Below is a picture of our 2011 Spring Certification recipients.
Pictured Left to Right: Theodore Aboagye, CIA; Thomas Kaul, CIA; Timothy Dykstal, CIA; Jessica Zwart, CIA; Gail Renteria, CIA; Caroline Conley, CIA; Jacqueline Abebe, CIA; Mike Halbach, CCSA and Chapter President 2010-2011; and Terry Schwagel, Chapter President 2011-2012.
Additional certification recipients, not pictured: Tanya Begic, CIA; Jared Benson, CIA; Crystal Bothun, CIA; Jaime Buethner, CIA; Scott Chandler, CIA; Sherri Durst, CIA; Thomas Fritz, CIA; Kathleen Kingsley, CIA; Michael Kunz, CIA; Joseph LaPlant, CIA; Todd Leidahl, CIA; Kate Pinney, CIA; Megan Pollock, CIA; Darrell Sandeen, CIA; Adam Schmidt, CIA; Steven Szczeck, CIA; Laura Velasco, CIA; Bridget Wherley, CFSA; and Daniel Wilmot, CIA. Congratulations again to each of these individuals on a job well done! These new internal audit professionals have successfully met the rigorous requirements of the IIA’s certification programs. Special recognition also went to Darrel Sandeen, CIA, who received the William S. Smith Certificate of Honor Award for his outstanding performance on the 2010 CIA exam. In addition, the Twin Cities Chapter of The IIA also recognized Allina Hospitals & Clinics, C.H. Robinson Worldwide, Nash Finch Company, and Xcel Energy for completing their Quality Assurance Review (QAR) through the Twin Cities IIA Chapter during the 2010-2011 Chapter Year. Six volunteer QAR validators were also recognized for their contributions to the QAR reviews - Mike Ayres, Stacy Moore, Laura Oien, Mark Sievers, Jim Turck, and Randy Tyson. Thank you for your help!  We also recognized an additional four members for their unique service and contribution to our Twin Cities IIA Chapter - Doug Vickers (Past District Representative), James Roth ( Skills for the New Internal Auditor Instructor), Ryan Marschke (Treasurer), and Nicole Weber (Vice President of Communications). Our members make all the difference to the success of our Chapter and these individuals certainly deserve the recognition. Thanks to all for making this event fun and engaging! Terry Schwagel, James Roth, Mike Halbach
We are targeting our 2011 Fall event for September. If you have a suggestion for a speaker, or other ideas please send an email to Lorraine.M.Anderson@wellsfargo.com. By Lorraine Anderson, TCIIA Vice President - Membership, 2011–2012 |
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Job Opportunities
Your organization can have a job opportunity posted on the TCIIA website and included in this newsletter. 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 Barb Grondahl at iiatc@isd.net if you are interested in posting a job opportunity.Visit the News tab on the TCIIA website for current job opportunities in the Twin Cities area. For global employment opportunities, visit The IIA's Audit Career Center. |
 Internal Auditor Positions Through innovation and focus, SUPERVALU has grown into a retail network of more than 2,500 stores and serves more than 5,000 retail end points via its supply chain and support services. Since 1870, the enduring mission of its approximately 200,000 employees has been to serve its customers better than anyone else could serve them. |
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Twin Cities IIA Newsletter Archive
Prior versions of the Twin Cities IIA newsletters are available by clicking on the links below. |
The Twin Cities Chapter Officers for the 2011-2012 Chapter Year | President: | Terry Schwagel | President-Elect: | Scott Weatherby | Vice President - Communications: | Nicole Weber | Vice President - Membership: | Lorraine Anderson | Vice President - Programs: | Aaron Scanlan | Vice President - Roundtables: | Mark Hornung | Treasurer: | Ryan Marschke |
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 MissionThe 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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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 Nicole Weber at N_M_Weber@hotmail.com. |
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