Leaders Link

Published By The Institute of Internal Auditors   
January 2013

Happy 2013!

At this time of year, I like to take a moment to reflect on some of the milestones we had in 2012. A successful Leadership Academy Conference in April serving over 330 leaders in 138 North American chapters, 29 outstanding district workshops in the summer, chapter website conversions, the production of a new treasurer’s manual, the creation of two new IIA chapters: Brazos Valley and Central Savannah River Area (CSRA) and most importantly, furthering the personal connections with chapter leaders. Donna Wiley, Maunda Land, and I are honored to work with such a great group of people. We are truly excited about all the great things 2013 will bring.

While January is a new calendar year for all of us, it also marks the halfway point for our chapter year. I would encourage you as chapter leaders to pause for a moment and consider all the value you have added to your chapter since June 1. Celebrate these accomplishments with your Board, and remind your members of all the activities and training that your chapter has provided in your next communication with them, or at your next meeting.

Then spend some time looking forward. What else do you want to do? Review your chapter’s short and long range goals. Are you on track for success? Brainstorm with your officers about ways to reach your goals. Use the resources available to chapter leaders: the chapter leader web pages, your district representative or district advisor, and chapter relations staff. 

Looking ahead, we have a lot of things planned to assist our chapter leaders in 2013. I encourage you to take a moment to read each issue of LeadersLink — our communication tool for sharing information from IIA Headquarters with you that will help you make 2013 the best yet for your chapter.

Happy New Year!

Sarah



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Save the Dates: Leadership Academy 2013 

Join us April 28–30, 2013, at Walt Disney World’s Yacht and Beach Club Resorts in Lake Buena Vista (Orlando), Florida for a fast paced 2 ½ days of exhilarating training, collaboration, and networking at the 2013 Leadership Academy! This is an exclusive event for IIA chapter leaders in the United States, Canada, the Caribbean, Bermuda, and Guyana and the first training and networking event of the year for incoming 2013–2014 chapter leaders. The Leadership Academy will help prepare you for your chapter leader role and ensure you have the tools and resources needed for a successful year.

Attendees will gain valuable insight from other chapter leaders, district advisors, and district representatives and IIA HQ staff. Attendees will also earn continuing professional education (CPE) credits applicable toward the five IIA designations: CIA, CCSA, CFSA, CGAP, and CRMA.

Mark your calendar, April 28–30, for this important chapter leader training event: the 2013 Leadership Academy. We look forward to seeing you there.

 

 



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Chapter Allotments to Be Mailed by mid-February 2013

IIA Headquarters (HQ) allots a portion of The IIA’s membership dues to chapters annually to help cover chapter expenses. Because chapters do not/cannot collect local dues from IIA members, each chapter is eligible to receive a membership fee allotment. Chapter presidents and treasurers should be on the lookout for an email notification regarding the mailing of their Chapter Allotment. The email will advise the chapter of the mailing date of their check, the check amount, and confirm a correct mailing address.

We are pleased to announce that The IIA’s North American Board approved an increase this year, and chapters will receive an allotment of $9.00 per member vs. $8.00. This will be based on membership rolls as of May 31, 2012. Chapters will receive a minimum of $1,350.00, less $100.00 liability insurance deducted annually: $50.00 general liability insurance and $50.00 not-for-profit organization liability Insurance.

Questions should be directed to ChapterRelations@theiia.org.



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Chapter Newsletter ChallengeNewsletter Challenge

Regular communication to chapter members is an important aspect of building a successful chapter. A well-written chapter newsletter is a valuable tool that will not only help your members stay in-the-know about chapter events and news about the profession, it also serves to encourage members to participate in chapter activities and stay involved in The IIA.

To help share chapter newsletter leading practices — with the goal of inspiring ideas for all chapter leaders —Chapter Relations is continuing with our annual newsletter contest. Send a copy of your best 2012 newsletter, and members of The IIA’s editorial staff will judge the top publications. Newsletters received at ChapterRelations@theiia.org by Thursday, February 28, 2013, will be reviewed for content, creativity, and format.

The winning newsletters will be featured in a future issue of LeadersLink as a leading practice example. The winning chapter will be recognized at the upcoming 2013 Leadership Academy being held April 28–30, 2013 in Lake Buena Vista (Orlando), Florida.



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The IIA’s Chapter Leader Webinar Training Program

The Chapter Relations team is pleased to announce The IIA’s Chapter Leader Webinar Training for the 2012–2013 chapter year. We invite chapter leaders to listen to pre-recorded training events by visiting the Chapter Leader Resources Web pages. Click on training and news, then webinars.

Chapter leaders may play back the pre-recorded training events 24/7. Please note that chapter leaders can earn two CAP points per chapter leader reviewing each webinar.

Please direct questions to ChapterRelations@theiia.org.

Webinar Title
Additional Tools and Resources
Chapter Achievement Program (CAP)
Playback = 54 minutes
Cash Management Risk for Chapters
Playback = 50 minutes
Download our newest tool, the Treasurer’s Manual
New Leader Orientation
Playback = 22 minutes
Chapter President / President Elect
Playback = 36 minutes
Chapter Programs
Playback = 28 minutes
Chapter Leader Resources Web page Events
The IIA’s CIA Learning System
Playback = 22 minutes
Chapter Leader Resource Web page CIA Learning System
Treasurer
Playback = 30 minutes
Download our newest tool - the Treasurer’s Manual
Academic Relations
Playback = 22 minutes
Chapter Leader Resources
Regional Conferences
Playback= 10 minutes
Chapter Leader Resources
Membership
Playback = 19 minutes
 
Certification
Playback = 34 minutes
The IIA Research Foundation
Playback = 22 minutes
Chapter Leader Resources
Social Media, Communication, Websites
Playback = 28 minutes
 



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IIA’s Marketing Department Offers Chapters Logo Downloads and Banner Orders

Your chapter can download professionally designed IIA chapter logos in a variety of formats for use in all of your chapter materials. The IIA’s marketing department created these to follow the brand standards of The IIA as well as to make it as convenient as possible for chapters to promote themselves and the value of The IIA. Contact ChapterRelations@theiia.org for both low and high resolution formats.

In addition, all IIA chapters have an opportunity to purchase a professional banner to display at chapter events, college and university programs, roundtables, etc. Each banner will contain your chapter name and logo, one graphic (two to choose from), one headline (two to choose from), as well as five attributes that might best describe your services.

To place an order, please contact ChapterRelations@theiia.org.



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Chapter Achievement Program: Is Your Chapter Participating?

The Chapter Achievement Program (CAP) is an achievement/recognition program for chapters in North America that uses points and credits to recognize chapter activities that align with the North American Strategic Plan in three service categories: Service to Members, Service to the Profession, and Chapter Reporting.

2012 cap

The CAP program helps chapters:

1.      Focus on activities that support annual goals and objectives.

2.      Keep track of all chapter activities from the beginning of a chapter year, June 1st through chapter year-end, May 31st.

3.      Measure success based on different performance levels reached at year-end; Platinum, Gold, Silver, or Bronze.

4.      Benchmark against other IIA chapters of the same size.

5.      Ensure effective and timely communication with IIA Headquarters, your district representative and advisor.

CAP reporting is due on the 10th of the following month, i.e., the December report, reflecting December activities, is due January 10th. The CAP spreadsheet (Microsoft Office Excel template) and point description matrix are available from The IIA’s Chapter Leader Resources CAP Management Web page. The point description will help your chapter ensure that the chapter is recording all points earned.



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It’s Tax Time!

Here is some important tax information for North American chapters based on location.

Tax Issues in the United States (Form 1099)

If payments in excess of $600 are paid to someone who is not considered an employee, your chapter must prepare Form 1099 Miscellaneous Income. The most common example is payment to speakers; it applies only to the fees paid, not for expenses. It applies only to individuals, so if you contract with The IIA for an On-site Chapter Seminar, you do not need to issue a 1099 to The IIA. The IIA is the contractor with the instructor and as such will issue the 1099 to the instructor. This form must be provided to the service provider and the IRS; due dates are January 31 to the service provider and February 28 to the IRS.   

Tax Issues in Canada

The Canada Revenue Agency defines a non-profit organization as a “club, society, or association that is organized and operated solely for: social welfare, civic improvement, pleasure or recreation, and any other purpose except profit.”

An information return (Form T1044) is required to be filed by a non-profit organization if one of the following conditions is met:

  1. The organization received or is entitled to receive taxable dividends, interest, rentals, or royalties totaling more than $10,000 in the fiscal period;
  2. The total assets of the organization were more than $200,000 at the end of the immediately preceding fiscal period; or
  3. An NPO return had to be filed for a previous fiscal period.

The fiscal period is the period for which the organization’s accounts have been prepared.

If a return is required to be filed, membership dues, fees, and assessments received are to be reported, as are gross sales and revenues from organization activities. [But it is not this revenue that generates the filing requirement.] 

Tax Issues in The Caribbean, Bermuda, and Guyana

Because each chapter is a separate entity, no attempt has been made here to interpret the individual tax laws and requirements. Each chapter should check with local taxing authorities.



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2013 IIA Regional Conferences

Looking for local training in 2013? Well, look no further — attend an IIA Regional Conference. 

In 2013 there will be two new regional conference opportunities! The 2013 Central Regional Conference (Central Ohio Chapter) will be heldRegional Conference on September 29 – October 2, 2013, at the Hilton Columbus at Easton in Columbus, Ohio, and the 2013 Midwestern Regional Conference (Twin Cities Chapter) will be held on November 3 – 6, 2013, at the Hyatt Regency Minneapolis in Minneapolis, Minn. For more information regarding each conference, please contact the local chapter or visit The IIA conferences Web page.  

IIA Regional Conferences are hosted by the local chapter and managed in partnership with The IIA HQ. Interested in more information on how your chapter can apply to host a 2015 regional conference? Please contact Alaina Buckey, manager, Conferences and Executive Training, alaina.buckey@theiia.org. Additionally, more information about submitting a proposal for a regional conference is on the pre-recorded IIA Regional Conference WebEx presentation. Chapters will have the opportunity to bid for a 2015 regional conference during the December 2013 IIA Midyear meetings in Orlando, FL.  

Remember, chapters should consult the event approval process as it relates to Regional Conferences and approval for events offering six CPE credits or more. Please consult the Chapter Manual for guidelines.



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IIA Awards 5,000th CRMA Designation

The IIA’s new Certification in Risk Management AssuranceTM, or CRMA®,has been well received by the professional internal audit community. To gain a toehold in a market filled with established and recognized professional designations, the CRMA initially has been C. Wayne Roseoffered to candidates via the Professional Experience Recognition (PER) provision — a points system by which applicants are awarded the CRMA based on achieving a minimum of 155 points for their education and experience in the domains covered by the CRMA.

The IIA is pleased to have conferred the 5,000th CRMA to C. Wayne Rose, CIA, CRMA, partner, Enterprise Risk Services with Deloitte & Touche LLP. Rose is a member of The IIA’s Dallas Chapter and serves on both The IIA’s North American and Global boards.

“Today there is an enlightened focus around risk and governance for audit committees and executive management,” said Rose of his decision to apply for the CRMA designation. “The impacts of not addressing risk are so significant that organizational leaders are looking for the experience and expertise that will help assure they have the right business processes and controls in place to help mitigate significant risks.” 

“Having the CRMA accentuates my credibility to provide that assurance and gives audit committees and management comfort that they can rely on my experience and expertise to provide key recommendations and insights for enhancing the organization’s current business processes and controls. Thus, the organization will be better positioned to mitigate significant risks,” Rose added. “I am very pleased to be in the inaugural group of designees.”

An additional 3,500+ candidates have applied for the CRMA and are pending approval to earn the designation through the PER period, which ended Dec. 31 for members in North America. Following the expiration of the PER period, applicants interested in obtaining the CRMA designation will be able to apply to sit for the examination, which will be launched in July 2013.

Use this link for more information about the CRMA designation.



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Where do Exam Questions Come From? 

Most exam questions are conceived in the field by IIA-certified professionals. These professionals satisfy the ongoing need for dynamic, challenging, and relevant exam questions for all our high stakes exams. The questions developed through this process enhance the certification exam process and contribute to the professionalism of those seeking to receive a designation. In order to develop exams The IIA seeks IIA-certified professionals to participate in the exam question authoring process.

Teresa Ward, CIA, CPA, CBA, director of internal audit for Mutual of Omaha, has contributed several questions to the CIA exam through the “Test Development Team” she champions, and said, “Writing exam questions is a great way to give back to the profession and help shape the future of internal auditing. As a certificate holder, you can contribute questions individually or as part of team at your local chapter. Working as part of a team allows for collaboration and peer review, plus it is a great networking opportunity.”

Anyone holding an IIA designation can apply to be an exam question writer, but don’t let the prospect of writing exam questions be intimidating. John Servage, CIA, CCSA, CGAP, CRMA, risk and assurance consultant and former member of The IIA’s Exam Development Committee, had this to say to those skeptical about participating in the exam question writing process: “Remember, as a certification holder, you are already familiar with exam items from studying and writing your exam. Also, (The IIA provides you with) a number of…training and support services, including a writer’s guide and a website.”’

The IIA is also working on a number of web-based tutorials that will support prospective exam question writers.

In addition to your greatly appreciated contribution to the profession, a contributing writer can earn Chapter Achievement Program (CAP) points for your local chapter, continuing professional education (CPE) credits, and in some cases remuneration for accepted questions.

We encourage you to take advantage of this opportunity to be recognized as a key contributor to the career of internal auditing. Still not sure? Servage invites you to “Please join us. I think you will surprise yourself on how much you actually know and have to contribute.”

For information on how to participate, visit this link.



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CRMA Professional Recognition Period (PER) Ended December 31CRMA

The period to apply for the PER for members in North America has ended, but if you submitted your application, you have until January 31, 2013, to submit your substantiating documentation. As of the first week in December, The IIA has conferred more than 5,400 CRMA designations with another 4,000 pending approval.



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IIA Global Certifications eStoreThe IIA Global Certifications eStore Has Launched

Visit The IIA’s eStore today at https://na.theiia.org/certification/pages/certifications-estore.aspx to purchase high quality merchandise selected for the busy certified professional. All products currently available are branded with The IIA’s flagship certification, the CIA, and other certification brands will be added in the future. These products are available exclusively to those holding IIA certification and can be shipped to any location worldwide.  



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Missed The CPE Reporting Deadline? Don’t Fret. You Still Have Options.

If you missed the December 31 deadline for reporting CPE, your certification has become inactive. But if you have the appropriate CPE credits and just didn’t report it before the deadline, the process is fairly simple. To report your credits and reinstate your status as active, visit CCMS and select the Complete a Form link. Search for the appropriate form based on your status, then complete and submit the form to return your status to active until the next year end. Remember CPE reporting is due December 31, but you can report your credits earned as you earn them through CCMS any time you wish.



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Seeking News From Your Chapter and Members for IIA Today and IIA Connection

There will be some changes to The IIA’s member newsletter IIA Today in 2013. We will increase the size of this direct mail newsletter fromIIA Today 16 to 20 pages and deliver it on a quarterly basis. The bi-weekly e-newsletter IIA Connection will continue to keep you and your members informed of more timely news and offerings from The IIA via email.

As an organization comprising more than 180,000 members globally, The IIA wants to share the achievements, accolades, and initiatives of our members and chapters. From a member’s promotion to an innovative chapter event, we want to hear about it and share it through IIA Today or IIA Connection.

What can you submit? Anything you think is newsworthy.

  • Award Announcements
  • Member Promotion, Retirement, or Move
  • Innovative/Successful Chapter Events/Program IIA Connections
  • Community Outreach
  • Member/Chapter Achievements or Milestones
  • Advocacy Efforts

Please share this opportunity with your members.

Submit Your Member/Chapter News Online

Please submit details about your news online . We highly encourage each submission to include a photo. If you have any questions, please contact iiatoday@theiia.org or chapter.relations@theiia.org.

 


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Let The IIA’S CAE Services Assist You in Your Chief Audit Executive Recruitment Efforts

CAE Services recently announced that chapters can now earn Chapter Achievement Program (CAP) points for their chief audit executive (CAE) recruitment and retention efforts. To this end, they have provided you with a CAE Recruitment Toolkit within your Chapter Leader Resources Web pages. Here you will find valuable templates including sample letters, invitations, and best practices for recruiting and retaining CAEs. Looking for a resource that’s not in the toolkit? Email CAE Services at cae@theiia.org to make a request.

Do you have an upcoming CAE event or roundtable that you’d like CAE Services to help lead, manage, facilitate and/or participate in? We may be able to assist you with these efforts. CAE Services is also available for speaking opportunities at chapter events. To schedule a consultation, please contact CAE Services at cae@theiia.org.



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Chapter of Excellence Deadline is March 1st! Get Your Forms In!2013 CIA Learning System

Thank you to all of the chapters who have worked hard throughout 2012 to promote the CIA certification and support their members’ pursuits with The IIA’s CIA Learning System®. The 2013 Chapters of Excellence will be awarded at The IIA’s Leadership Academy in April. 

To secure your spot as a Chapter of Excellence, be sure to submit your tracking form to kelly.quinn@theiia.org by March 1, 2013. 

Serve Your Members and Earn 20 CAP Points By Offering CIA Learning System Instructor-Led Courses

Have you considered offering an instructor-led course to help your members prepare for the CIA exam? Here are some great reasons why you should offer a class in 2013:

  • Support your members in their pursuit for knowledge and CIA certification.

  • Instructor materials and PowerPoint slides are available with The IIA’s CIA Learning System.

  • Course implementation and promotion is simplified with customizable marketing copy, fliers, and tile ads all available at www.LearnCIA.com/chapterofexcellence.

  • Expand the reach of your chapter. Courses will appeal to corporate groups and individuals outside of current membership.

  • If you have specific questions, we have a dedicated resource, Kelly Quinn, IIA Partnership Manager, to help you through course development, promotion, and implementation. 

For more information on instructor-led courses or the Chapter of Excellence program, please contact Kelly Quinn, IIA regional partnership manager, at kelly.quinn@theiia.org or +1-651-905-2671.



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2013 International Conference Keynote Speakers Are Sure to Impress

Madeleine AlbrightThe announcement that former Secretary of State Madeleine Albright, one of the world’s most powerful and respected leaders, will keynote the July 14–17, 2013 International Conference in Orlando, Fla., is definitely news you will want to share with your members.

Albright will sit down for a candid discussion, sharing her perspective on the current state of world affairs and on the personalities who shape today’s headlines. Joining her as headliners are business iconoclast Tom Peters, author of In Search of Excellence and Diana Henriques, author of The Wizard of Lies: Bernie Madoff and the Death of Trust.

To help you promote the conference, we have updated the 2013 International Conference Toolkit (Communication) Web page with a PowerPoint presentation focusing on these announcements and other reasons to attend, and other resources such as advertisements, Web ads, and more.

Registration is open and we hope to welcome you and your chapter members to the Orlando World Center Marriott Resort & Convention Center next July. Early Bird rates are available through February 28, 2013, and the best savings can be obtained by reserving accommodations at the host hotel. Ask your members to include your chapter’s name during their IC registration process and your chapter may win free accommodations during the 2013 Leadership Academy.

Register here Button



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Top Auditors Under 30

Do you know an auditor under 30 who is already doing great things and is a standout among his or her peers? Nominate your candidate to be recognized in Ia magazine’s “Top Auditors Under 30" article. Those recognized will appear in the June 2013 issue of Ia magazine. Nominations may be received from colleagues or those who choose to self-nominate and will be accepted through January 31, 2013.Ia Top Auditors under 30

The American Hall of Distinguished Audit Practitioners will judge the nominations. Five of the inaugural inductees are serving as judges:

  • Cynthia Cooper, president, Cooper Group LLC.
  • Stephen Goepfert, vice president, internal audit, United Airlines.
  • Ralph Purpur, vice president for auditing, Estee Lauder (retired).
  • Glenn Sumners, founder and director, Louisiana State University's Center for Internal Audit.
  • William Taylor, auditor general, Inter-American Development Bank (retired).

All nomination material becomes the property of Ia magazine. By submitting this information, you grant Ia magazine license to publish all or some of it without prior approval.

Nominate yourself or a colleague.



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Internal Auditor magazine: A Great Gift Idea!  

Internal Auditor is offering chapters the opportunity to purchase a yearly subscription for the discounted rate of $52.50 and donate it to their local college or library. Donate a subscription to the profession’s leading publication in your chapter’s name and help educate the next generation of internal auditors.

Contact Gretchen.gorfine@theiia.org for additional information.



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Auditing Outsourced Functions: Risk Management in an Outsourced WorldAuditing Outsourced Functions: Risk Management in an Outsourced World  

All chapter members get 20% off Auditing Outsourced Functions: Risk Management in an Outsourced World through the end of January! Share this benefit with your chapter members.

With hundreds of titles to choose from — including books, training materials, certification preparation, One Small St4epinteractive programs, and more — The IIARF Bookstore is a one-stop shop for your internal audit resources. Every IIARF Bookstore product has been reviewed by internal auditors to guarantee a perfect fit. Visit www.theiia.org/bookstore.

Resources like these are only made possible through member contributions. Make an indelible mark when you donate to The IIA Research Foundation. Your leadership can inspire others to follow in your footsteps. Take the step today!

 



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