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WNY AUDIT TRAIL
4 WNY CHAPTER ITEMS OF NOTE
7-8 JUNIOR ACHIEVEMENT
9-10 WNY IIA BOARD OF GOVERNORS
SEPTEMBER 2015
Dear Members,
As summer comes to an end and a new school year begins, so do we also begin a new Chapter year. I would first like to congratulate the Chapter on another successful year and attaining Platinum status for the 7th consecutive year! A huge THANK YOU to last year?s Officers, Board, and Committee members for all their hard work in putting the various programs together. I would also like to thank our members for their dedication to the Chapter; without your support we would not be able to be as successful as we are.
In attending the IIA?s Leadership Conference this past spring, the theme was Superheroes and how we all have an Internal Audit Superpower that can be used for good. So this year, with the help of the Officers, Board, and Committee members, I hope to utilize each of their Superpowers to bring you a great Chapter year with some exciting events!
To kick off the year, the Chapter will be hosting a training on Risk Assessments
presented by PwC. Then in October, I am very happy to announce we will be hosting a CAE/Audit Committee Roundtable Discussion that includes some of the best local audit professionals in the area. For complete details and to register for these events, please see pg. 2.
Here?s to making this year a great one and going for Platinum Status 8 consecutive years!
Sincerely,
Mariya Balicki, CPA, CIA, CGMA
Make sure to visit the WNY IIA Chapter Linked In account and connect with your local Audit professionals!
WELCOME TO A NEW CHAPTER YEAR!
1
Risk Assessments
Presented by
PwC Risk Assurance
September 24, 2015
Hilton Garden Inn
10 Lafayette Square
Buffalo, NY 14203 (Valet parking will be available and
lunch will be served)
Registration: 11:45am – 12:00pm
Presentation: 12:00 – 1:00pm
Cost: $35 members
$40 non-members
CPE: 1 hour
To register for this event, please send an email to [email protected] by September 21st
and include your name, company, member status (member/non-member) and email.
October 8, 2015 The Saturn Club 977 Delaware Ave, Buffalo, NY 14209
Registration/Breakfast: 7:15 – 8:00am Panel Discussion: 8:00 – 9:30am
Cost: $45 members $50 non-members $20 students
CPE: 1.5 hours
The WNY IIA Chapter Presents:
CAE/Audit Committee Roundtable
Panel Members:
John D’Angelo, SVP and General Auditor, M&T Bank Eugene Cullen, VP and Chief Audit Executive, Roswell Park Cancer Institute Scott Dwyer, VP and General Auditor, Independent Health Michael Betrus, Audit Committee Member, Ecology and Environmental *Additional panelists to
come
To register for this event,
please send an email to
by September 30th and
include your name, company,
member status (member/non-
member/student) and email.
The WNY Chapter of the IIA welcomes the following new members:
Christina Zuba of Computer Task Group, Douglas Olejniczak and Nick Lewandowski of First Niagara Bank, Barbara Kelleher of HSBC Regulatory Compliance, Lisa Grimmer and Eric Korzeniewski of Independent Health, Eric Hohenstein of Lake Shore Savings Bank, Chris Caruana, Jennifer Carroll, Thomas O'Connor, Bernie Robinson, Jr., Sarah Warner, and Janelle Breitnauer of M&T Bank, Jonathan Wilkins and Chang Chienyu of National Fuel Company, Candace Kuechler and Steven Jezioro of Rich Products Corporation, Kiel Szewczyk, Eric Neff, and Betsy Black of Tops Markets, and Cortney Hansen. Welcome everyone!
WNY CHAPTER ITEMS OF NOTE
CAE/Audit Committee Roundtable
October 8, 2015
Saturn Club
Cost: $45 members, $50 non-members, $20 students
Registration/Breakfast: 7:15 ? 8am
Panel Discussion: 8 ? 9:30am
Panel Members:
John D?Angelo, Senior Vice President and General Auditor, M&T Bank
Eugene Cullen, Vice President and Chief Audit Executive, Roswell Park Cancer Institute
Scott Dwyer, Vice President and General Auditor, Independent Health
Michael Betrus, Audit Committee Member, Ecology and Environmental
*Additional panelists to present
SCHOLARSHIP INFORMATION
The annual Western New York Chapter of the Institute of Internal Auditors (IIA) scholarship is now open for interested applicants. The Chapter will be awarding two eligible participants $1,000 each and a one year membership of the IIA. Application, including all required forms and information must be submitted no later than November 6, 2015, in order to be considered for an award for the 2015-2016 academic year. The application can be found on our website here.
Risk Assessments presented by PWC Risk Assurance
September 24, 2015
Hilton Garden Inn; Valet parking will be
available and lunch will be served.
Cost: $35 members, $40 non-members
Registration: 11:45am ? 12:00pm
Presentation: 12:00 ? 1:00pm
SEPTEMBER EVENT
OCTOBER EVENT
4
The FIFA Scandal: Five Lessons for Internal Audit
An updated WNY IIA member l ist has been posted to the website under Member Library. This is only accessible to WNY IIA members and requires log in using member ID/ password to access. Information on the member l ist is based on data maintained in IIA membership databases and identifies only those members who did not opt out of the directory. If changes are required, please log onto the IIA site or contact IIA membership services to update your member profi le. Regarding member certification, only those accredited by the IIA will be listed.
NOTE
By Richard Chambers
June 11, 2015
The global soccer community was rocked this past week when the U.S. Department of Justice (DOJ) announced charges and arrests for "rampant, systemic, and deep-rooted" corruption by high-ranking members of FIFA, the sport's global governing body. Using the U.S. Foreign Corrupt Practices Act (FCPA) as its legal hammer, the DOJ outlined in its 47-count indictment a disturbing history of alleged bribes and racketeering by top FIFA officials dating back as far as two decades. It is evident that more troubles lie ahead for the global soccer body, as Swiss officials have announced that they are also investigating potential improprieties.
The relevance of the events of the past week are obvious to our profession, but it goes well beyond an acknowledgement of internal audit's role in providing assurance on anti-bribery and anti-corruption programs and its role in detecting and deterring fraud and corruption.
Indeed, this unfolding spectacle touches on no less than five significant aspects of the internal audit function, and we can draw a number of lessons from this sad affair.
1. Internal audit must raise a yellow card when corporate culture creates susceptibility to corruption. It did not take long for fallout from the indictments to reach the top of the FIFA hierarchy with almost immediate calls for the ouster of FIFA President Sepp Blatter. Blatter was reaffirmed as the organization's president in a Friday vote, and he has said he knew nothing of the alleged corruption.
But allegations of corruption within FIFA were not unheard of before the DOJ indictments, and I have to wonder if they were ever brought to Blatter's attention. The bottom line is that no organization can afford to practice "willful ignorance" about serious challenges for long without paying a high price.
The lesson for internal audit: A frank and honest
analysis of corporate culture must be part of internal audit's purview, and it must raise its voice when erosion of the culture becomes an organizational risk.
2. Internal audit must act quickly to address reputational risk. A number of media accounts of the evolving scandal have described long-held concerns about corruption at FIFA. I have no insight into the efforts of FIFA's internal audit function, but the potential for significant reputational harm should have been identified and brought to management and the board of directors by those charged with providing assurance to management and governance officials.
The lesson for internal audit: The internal audit function cannot afford to allow risks to organizational reputation to go unchallenged.
A secondary lesson is one that FIFA's sponsors are learning. Reputational risk is not just about your organization. The behavior of the organizations you partner with can impact your reputation, as well.
3. Internal audit must play a significant role in crisis planning and execution. Internal audit's role in crises cannot be one of simply grading after the fact how a crisis plan was carried out. Internal audit can and must provide insight into the development of such plans and be consulted even as a crisis is unfolding. Having good communications protocols in place can help an organization mitigate reputational and other potential risks in a crisis. But proper execution of the plan also plays a vital role in its success.
Lesson for internal audit: Internal audit must assess all risks ? including the risks of not addressing adversity swiftly and effectively.
4. Internal audit must stay current with anti-corruption legislation. While the FIFA crackdown was facilitated by the strength of the FCPA, internal audit functions must be cognizant of growing anti-corruption efforts worldwide. This is especially important for businesses that operate globally. The June issue of Internal Auditormagazine offers an excellent
article, "Beyond the FCPA", on the topic.
According to the article, Canada and Brazil each passed anti-bribery legislation in 2013 that aligns more closely to the FCPA and the United Kingdom's 2010 Bribery Act is even broader in scope. The latter not only penalized the bribe payer, but the bribe receiver, as well.
Lesson for internal audit: Changing legal landscapes in the countries where we do business can develop into risks if the organization does not keep abreast of those changes.
5. Internal audit must be courageous. It is not hard to imagine that anyone within FIFA charged with assurance on the effectiveness of compliance and controls must have been under great pressure. The issue of courage for heads of audit has been a recurring theme in a number of my blogs.
Lesson for internal audit: Those aspiring to be heads of audit must have the courage to do what needs to be done or say what needs to be said no matter the consequences.
A final thought about the FIFA issue. A quote from FBI Director James Comey widely reported by media struck a chord with me. Comey said, "If you touch our shores with your corrupt enterprise, whether that is through meetings or through using our world-class financial system, you will be held accountable for that corruption."
FIFA officials deserve the presumption of innocence until proven guilty in a court of law, but Comey's message is loud and clear. No corruption is acceptable, and nothing is off limits. This may be the most important lesson from the FIFA scandal, and one internal audit must embrace.
As always, I welcome your thoughts.
See original article here.
5
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Don’t miss “the best of the best” at the Diplomat Resort & Spa in Hollywood, Fla. this fall. Register today at www.theiia.org/goto/AllStar. IIA Members, register early to save US$200!
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2015-5032
Choose from 32 concurrent sessions in 4 educational tracks and earn up to 18 CPE credits (earn even more with a pre-conference workshop):
• Regulatory & Compliance Governance
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Celebrating 11 years of the best of the best!
Change Lives. Volunteer for Junior Achievement!
Junior Achievement of WNY (JA) is in need of classroom volunteers at WNY elementary, middle,
and high schools! By becoming a JA volunteer, you can give local kids the power to shape their
world, see their future, and let their dreams take flight. JA programs focus on financial literacy,
entrepreneurship, and career & work readiness. JA provides the materials and training. You
provide the time. It’s easy for you, life-changing for them.
Time Commitment: Volunteer commitment ranges from
presenting three to seven 40 minute classroom sessions. A
one-hour training is also provided to all new volunteers.
Class Time & Schedule: Various class times are
available during the school day. The exact schedule is
determined between the teacher & the volunteer.
Volunteers Present: JA’s professionally developed
curriculum provides students in grades K-12 the knowledge
and skills they need to own their economic success, plan for
their futures, and make smart choices. No teaching
experience is necessary- JA provides lesson plans and
accompanying materials. Volunteers are also encouraged to
share their “real word” experiences with students. Each
program differs in content and is age-appropriate. To learn
more about JA programs, visit:
http://www.jawny.org/program-offerings.
Current Volunteer Opportunities: JA receives requests from teachers to have a JA program
throughout the school year. Our list of open classes is always changing! For a list of current classes that
need volunteers, please go to: http://www.jawny.org/current-volunteer-opportunities.
Get Involved: To volunteer in any of our classrooms or to sign up for a JA training session, contact
Justine Waldron at Junior Achievement at (716) 853-1381, ext. 16 or [email protected]. For more
information about Junior Achievement and the students we serve go to www.jawny.org today!
Junior Achievement of WNY Program List: Kindergarten – 12th grade
*The programs listed below are some of our most popular; for a complete list please go to www.jawny.org.
JA Ourselves™ (Kindergarten) introduces the economic roles of individuals. Students are introduced to basic
personal economic issues and the roles individuals play as workers, consumers and family members.
JA Our Families™ (First Grade) emphasizes how family members' jobs and businesses contribute to the well-being
of the family. It introduces the concept of needs and wants and investigates the ways families plan for and acquire
goods and services.
JA Our Community™ (Second Grade) examines responsibilities of and economic opportunities available to citizens
within a community.
JA Our City™ (Third Grade) studies the characteristics of cities and how people and businesses in cities manage
their money. Students conduct business operations, make city-planning decisions and examine economic
development issues.
JA Our Region™ (Fourth Grade) explains the economic/business resources found in state and regional economies.
Students learn about state economies, the economic resources of regions and decisions businesses must make.
JA More than Money® (Grades 3-5) meets the needs of a diverse group of students by providing engaging,
academically enriching, and experiential learning sessions in economic education. Students are encouraged to use
innovative thinking to learn money-management skills that support positive attitudes as they explore and enhance
career aspirations.
JA Economics for Success® (Grades 6-8) provides practical information about personal finance & the importance
of identifying education & career goals based on a student's skills, interests, and values.
JA It's My Business!® (Grades 6-8) emphasizes entrepreneurship while providing a strong focus on social studies,
reading, and writing skills. Students are encouraged to use critical thinking to learn entrepreneurial skills that
support positive attitudes as they explore and enhance their career aspirations.
JA It's My Future™ (Grades 6-8) provides practical information about preparing for the working world while still
in middle school. Students explore potential careers, discover how to plan for a job, and learn how to keep it while
developing personal-branding and job-hunting tools.
JA Be Entrepreneurial® (Grades 9-12) focuses on challenging students, through interactive classroom activities,
to start their own entrepreneurial venture while still in high school. JA Be Entrepreneurial provides useful,
practical content to assist students to transition into becoming productive, contributing members of society.
JA Career Success™ (Grades 9-12) equips students with the tools and skills required to get and keep a job in high-
growth career industries.
JA Personal Finance® (Grades 9-12) students recognize the fundamental elements of their personal finances:
earnings, saving and investing, budgeting, credit, risk management, and giving. They apply these fundamental
elements to a personal financial plan that allows them to set specific goals for their lifelong financial needs and
desired quality of life.
2015-2016 Board of Governors
* - Denotes Board of Governor Position per By-laws
Position Name Contact Information
President* Mariya Balicki, CPA, CIA
M&T Bank
(716) 842-5971
Vice President* Ashley Kinnear
M&T Bank (716) 842-5558 [email protected]
Treasurer* Steve Doe, CPA
M&T Bank (716) 842-5839 [email protected]
Secretary* Daria Adolph, CIA Derrick Corporation
(716) 206-9019 [email protected]
Immediate Past President* Leonard Soldano, CISA, CTGA, ISA, PCIP
M&T Bank
(716) 839-6947
Second Past President * Deborah Kassirer, CPA, CIA, CRMA, CCSA
Roswell Park Cancer Institute
(716) 845-5788
Third Past President * Deborah Schmitt, CPA, CIA
National Fuel
(716) 857-6941
Academic Relations Co-
Chairs*
Heidi Martin - PwC
Kate Sheer - M&T Bank
(716) 855-5925 [email protected]
(716) 842-5636 [email protected]
Advocacy Chair* Marcos Manunta, CIA - New Era Cap
Timothy Battaglia, CIA - New Era Cap
(716) 604-9000 ext.1455 Marcos / ext.1461 Tim
Associate Trustee* Maureen Cilano, CPA, CRMA, CCIPA
Evans Bank
(716) 926-2000 ext. 1362
Budgeting & Reporting
Committee Chairperson
Lisa Bialek
M&T Bank (716)842-2321 [email protected]
Financial Controls
Committee
Brittany Barr - First Niagara
Stacey Chaffee - First Niagara
Brian Steinmetz - First Niagara
(716) 848-8457 [email protected]
(716) 848-8477 [email protected]
(716) 851-8380 [email protected]
Certifications Chair & CIA
Chairperson*
Maureen Dunn, CCSA - Evans Bank
Jeffrey Barnett, CIA, CCSA - Benderson Develop-
ment
(716) 926-2005 Maureen/ (716) 878-9658 Jeff
[email protected] jeffbar-
Meetings & Attendance
Coordinator*
Margaret McWilliams, CIA, CISA, CRISC
National Fuel
(716) 857-7019 [email protected]
Membership Chairperson* James Bandinelli - M&T Bank
Justin Bonk, CIA, CFE, CISA - Freed Maxick CPAs P.C.
(716) 842-5618 [email protected]
(716) 332-2680 [email protected]
Newsletter Chairs Jeremy Fay, CISA M&T Bank
Amber Buttles, CIA - Citi
(716) 842-2323 [email protected]
Seminar and Events
Co-Chairs*
Stephanie Coughlin - Evans Bank
Michael Buziak - First Niagara
Patricia Johnson - Canisius College
Ashley Hubbard - M&T Bank
(716) 926-2040 x3723 [email protected]
(716) 848-8469 [email protected]
(716) 888-5947 [email protected]
(716)842-5046 [email protected]
Website and Survey Admin-
istration Chair*
Ellen Janicki, CIA
M&T Bank (716) 842-2316
2015-2016 Proposed Board of Governors, Continued
Board Member* Micheal Ohlweiler, CPA
Partner, KPMG LLC
(716) 796-6039
Board Member* John D'Angelo
General Auditor, M&T Bank
(716) 842-5551
Board Member* Eugene Cullen, CCSA, CRMA
VP of IA and Advisory Services, Roswell
(716) 845-8374
Northeast District Advisor Lynn Theriault [email protected]
Northeast District #3 Lindsay Prichard (585) 423-8946
Chapter Support - IIA HQ Donna Wiley [email protected]
Western New York IIAWestern New York IIAWestern New York IIAWestern New York IIA
Organization Chart 2015Organization Chart 2015Organization Chart 2015Organization Chart 2015----2016201620162016
Mariya BalickiPresident
Heidi Martin/Kate Sheer
Academic Relations
Ashley Kinnear
Vice President
Daria Adolph
Secretary
Stephanie Coughlin
Ashley Hubbard
Patricia Johnson
Michael Buziak
Seminars & Programs
Steven Doe
Treasurer
Maureen Dunn/Jeffery Barnett
Certifications
Revised 5/22/2015
Margaret McWilliams
Registration & Attendance
Ellen Janicki
Website Administrator
Open
Social Media
Deborah Schmitt
Chapter Achievement
Jeremy Fay/Amber Buttles
Newsletter
James Bandinelli
Membership
Lisa Bialek
Budgeting & Reporting
Jim Bandinelli/Justin Bonk
CPE Certifications
Maureen Cilano
Associate Trustee
Ryan Miller
Chapter Compliance
(auditor)
Brittany Barr
Stacey Chaffee
Brian Steinmetz
Financial Control
Board Members
Marcos Manunta/
Tim Battaglia
Advocacy
