Research Foundation Report - The Institute Of Internal Auditors  


Second Quarter 2012
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IIA Research Foundation Announces 2012 Donald E. Ricketts Award Winners

The Foundation’s Donald E. Ricketts Award is a shining example of how IIA chapters and institutes are stepping up to the plate and doing their part to provide a local perspective on issues that affect the profession as a whole, so that practitioners everywhere can benefit. The award, in memory of Dr. Donald E. Ricketts — who was a member of The IIA and The IIA Research Foundation Board of Research Advisors (now CREA) and chairman of the Chapter Research and Doctoral Dissertation Committee since its inception — invites chapters and institutes to participate in a research competition by submitting a project on a topic of relevance to their local chapter or institute. The winners are honored at The IIA’s Annual Leadership Conference and receive chapter achievement program points for their participation.


Practicing in Today’s Reality While Keeping an Eye on the Future

The internal audit landscape is unpredictable. New issues arise daily and existing issues grow in complexity, making it critical for practitioners to remain nimble. It is the reason The Institute of Internal Auditors’ (IIA’s) Chicago Chapter develops programs like its annual seminar to empower its members to keep pace with the demands of the profession. The 52nd Annual IIA–Chicago Seminar, held in Rosemont, Ill., on March 26, 2012, was created around three calls to action: Innovate, Integrate, and Interact. 

 Larry Sawyer

Sawyer’s Internal Auditing: Then and Now

The year began with President Richard Nixon proclaiming, “I am not a crook,” at the start of the Watergate hearings in the U.S. Senate and ended with the Dow Jones closing at 850 points. A gallon of gas cost $.40, the average annual income was $12, 900, and the average price of a new home was $32,500. It was 1973, signaling the end of the Vietnam War and the launch of Skylab, the first U.S. space station. It was a year frenzied with activity that left a nation searching for a road to recovery and starving for a sense of security. 


The Resolve to Evolve

Focusing your energy to grow, develop, and expand your perspective and add value is a conscious choice; a choice that Frank O’Brien, CIA, makes on a daily basis. His resolve to continue to evolve both personally and professionally makes him an indispensible part of The IIA Research Foundation’s (IIARF) Committee of Research and Education Advisors (CREA). A dedicated husband and father of two — who commits wholeheartedly to every endeavor he undertakes — O’Brien has found success by employing a simple philosophy. “Do what you do best, do it exceptionally well, and become the best that you can be,” says O’Brien. “Opportunity will follow.”  

 Patricia E. Scipio Ph.D.,

The IIA Research Foundation’s (IIARF) president Patricia E. Scipio, Ph.D., CIA says goodbye.

It goes without saying that it has been both an honor and a privilege to serve as The IIA Research Foundation’s (IIARF) president. As my term nears its end and I reflect back on the tremendous experience it has been, I want to express my sincere gratitude to everyone who has made this such a rewarding journey. When I think of all that we have accomplished over the last couple of years, I am struck by both the depth and the breadth of the lessons I have personally learned while serving you — knowledge that I will be able to use for the rest of my career to continue to grow as a practitioner and to help the profession evolve.  
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