Register by Friday, February 19, 2010 and save $5 off the registration!
The Denver Chapter of the Institute of Internal Auditors
Invites you to attend
“Failures in Governance”
The Orange County, California, Bankruptcy
Presented by: Evelyn Law
February 23, 2010
This presentation is an insider’s analysis of events leading up to the largest municipal bankruptcy in U.S. history.
Evelyn Law, currently a partner in the CPA firm of Bondi & Co., LLC, was formerly the Orange County internal audit manager in charge of the Treasurer’s Office audits. Her story of how the County set itself up for bankruptcy, and the lessons learned from her experiences, reveals many circumstances that may be familiar to internal auditors in a variety of organizations.
Key points include:
- The importance of following internal auditing standards
- Lack of adequate oversight by the governing board
- A long-time trusted employee having too much unsupervised authority
- Only one person involved in a major financial process
- Tolerance based on “that’s the way it’s always been”
- Reoccurring audit findings not corrected
Besides the bankruptcy, these situations led to an SEC investigation and criminal charges against elected County officials.
This presentation will help internal auditors understand how similar circumstances may be present in their organizations and may help them learn how to handle these situations.
Learning Objectives:
(1) Importance of conforming with the IIA Standards
i) Monitoring Program
ii) Governance
(2) Governance Failure Scenarios to look for in your organization that might lead to fraud
Instructional delivery method: Group live
Meeting Agenda
5:30 - 6:00 Registration/Networking
6:00 -8:00 Program (CPE credit available) |
Refunds
Requests for refunds must be received 24 hours prior to the day of the event. Refunds for seminar cancellations will be assessed a 25% fee.
Contact Information
For more information regarding refunds, please contact Treasurer Phillip Lord. For concerns and/or information about program cancellation policies, please contact Certification Chair Yolanda Lyons at yolanda.lyons@coloradocollege.edu.
Additional Information
Prerequisites: None
Advanced Preparation: NoneProgram Level: Basic Up to 2.0 hours of CPE is available | Who Should Attend?
Beginning Auditors
Audit Staff
Audit Managers
Chief Audit Executives |
Complaints regarding this program may be addressed to the Certification Chair, Yolanda Lyons, 14 East Cache La Poudre Street, Colorado Springs, CO 80903. Email: yolanda.lyons@coloradocollege.edu
 The Denver Chapter of the Institute of Internal Auditors is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Web site: www.nasba.org . In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour. National Registry CPE Sponsor ID Number # 109132 |
Institute of Internal Auditors – Denver Chapter
P.O Box 381, Denver, CO 80201 |
About the Speaker: Evelyn D. Law, CPABondi & Co., LLCEvelyn Law is a partner in the public accounting firm of Bondi & Co. LLC in Englewood, Colorado. She joined the firm in March 2005. Bondi & Co. has specialized in auditing Colorado governmental entities and nonprofit organizations since 1976. The firm has never had a Peer Review finding. Before joining Bondi & Co., Evelyn worked at the Denver Branch of the Federal Reserve Bank’s Tenth District for nine years, all in the Internal Auditing Department. During that time, she was a quality assurance reviewer, a trainer, and a supervisor with staff in both the Kansas City and Denver offices. Prior to the Fed, Evelyn worked for the Auditor/Controller’s Office of Orange County, California, for 11 years. She was an accounting supervisor for five years and an internal audit manager for six years. Her previous experience also includes working for local public accounting firms in Kansas and California for five years. She holds CPA certificates from Colorado, California, and Kansas. She graduated with honors, earning a BA and BS from Texas Woman’s University in Denton, Texas. |
