September 2000 Volume 2000-2001
D er by C ity D is c l o s ur es
IIA Louisville Chapter
MONTHLY MEETING PRESIDENT’S MESSAGE
E-commerce…things that make you go
hmmm ! The chapter year is off to a good start, thanks to the work
of the members of our committees who have worked so
Date: Tuesday September 12, 2000 hard to create a successful year for all the members of our
chapter. We will continue using new technology to keep
you informed of chapter activity. All of our chapter
Time: 12:00 noon, Registration at 11:30 newsletters, meeting notices will be posted on our web
site www.iialou.org. We will use Email more to reduce the
Location: Kunz’s (parking will be validated)
amount of paper documents we distribute to you.
I would like to congratulate last years Officers for
Menu: Hot Brown achieving the Gold status for IIA Chapters. The IIA
Shrimp and Chicken Stir-Fry measures each chapter using categories that contribute to
Grilled Vegetable Salad the Internal audit profession and Chapter administration. I
hope we can continue the prescient set for us.
Speaker: Lisa Johnson
Congratulations to New CIA’s. The May 2000 exam
President, Sales & Marketing produced four CIA’s for our Chapter listed as follows:
Louisvillebiz.com Phillip King, Stacy Robertson, Mary Ann Wheatley and
PlanetLouisville.com Bob Aemmer. We appreciate all the hard work of our CIA
chairpersons who made the exam possible.
Topic: E-commerce… Carl Balderson has accepted the invitation to serve on The
…Things that make you go hmmm! IIA Committee on Quality. This committee is
approximately fifteen individuals representing a cross
section of industries and functions across the IIA. Their
(See outline on page two).
mission is to coordinate the role of The IIA in quality
issues and provide guidance and oversight for quality
Cost: $20 assurance, including reviews, benchmarking and best
practices. We are proud of Carl and wish to pledge our
CPD: 1 Hour
RSVP: Call Carrie Ramsey, 627-4738 by Sept. 8, ,
2000. (Voice mail is available 24 hours) There are many programs and activities planned this year
including: Joint meetings with ISACA and the Lexington
Fax #: 627-2550 or e-mail at
Chapter, and the ACFE. We have three seminars
planned. The first is a half-day seminar in October with
Jim Kaplan “Finding Audit Resources on the Internet”.
Please specify menu choice. Kevin Mead from the IIA will present the November
seminar. Also, Louisville will host a National IIA seminar
in April 2001. In May 2001 we have a riverboat cruise on
the Star of Louisville planned.
Your Chapter Officers and Board of Governors are here to
serve the members, therefore the more input and
participation we receive, the better service we can
Thank you for providing me the honor to serve the
Louisville Chapter. May we have a great year.
David Williams, President
VISIT US AT IIALOU.ORG
2 Derby City Disclosures
“E-commerce … Things that make you go hmmm!”
I. What is E-commerce on the Web and what does it really mean?
An overview of how businesses are making money on the web.
Enticing figures for you to ponder .
Where we’re going with E-commerce, a crystal ball view of the future.
How in the World did we come this far that fast?
Who is making the most money on the World Wide Web today?
II. You, too, can sell products on the Internet …
What do you have to offer the World?
What is selling on the Web?
How can you get in on this action?
How do you set up your web site for e-commerce?
What to do in order to generate exposure and traffic on your site.
How to market your business on the Internet.
How do you collect your cash?!?
Is your summer home going to be in the Florida Keys or a cardboard box in the Bronx? You choose.
III. The reality check …
“Build it and they will come…” Uh-uh!
Hardcore stats before you open your virtual lemonade stand.
What do you have to invest?
Are you willing to go the distance?
Sweat equity, oh yes! But the payoff can be sweet!
IV. Valuable options
Shopping on the Web.
What can local businesses do if they’re not ready for Global Enterprise?
What else can your web site do for your business?
Is E-commerce really for everyone?
What separates the men from the boys?
V. Wrapping it up …
You can’t afford not to be on the Web.
The world really is looking for YOU!
Keep your day job, and try a little “pure play” on the side.
Questions from the audience…
Speaker, Lisa Johnson
Lisa Johnson, Owner of LouisvilleBiz.com, has taken various elements of her professional history, and rolled them all up into one very
challenging role, that of Entrepreneur. LouisvilleBiz, her latest project and biggest passion, is a community portal web based business
which acts as an Online Concierge. A place on the Internet where those who reside in the Louisville and surrounding areas can go to find
recommendations for businesses of all types.
With a BA in Communications from the University of Louisville, Lisa gained valuable experience in restaurant management with TGI
Friday’s, sales management experience with Estee Lauder Cosmetics, and outside sales experience with Joe Graphics Commercial
Printing. In 1997, she and her partner (who is also her Mother and best friend), began Destiny Graphics & Design, Inc. Lisa was selling
printed materials and graphics design work, but found it difficult to get excited about printing. “I really liked bringing ideas to reality for other
businesses, but I felt I could be doing more for them.” Johnson says, “I wanted to come up with a platform, like a virtual stage, where
businesses could show their stuff on the runway of the Web!”
Destiny Graphics then partnered with a company called Enmedia, Inc., to form an Entertainment oriented web site called
PlanetLouisville.com. This highly interactive community based site gave Internet visitors a bird’s eye look into Louisville’s Entertainment.
This fast growing web site gained valuable recognition as a Kentucky Derby Festival Corporate Sponsor in 2000, and now receives high
volume Internet traffic.
From there, Lisa began planning what was to be her ultimate goal, LouisvilleBiz.com. “When I was searching for a reputable daycare for
my infant son, it would have been nice to have pulled up one web site which contained numerous testimonials about facilities here in town.
Testimonials by other parents who had been through the painful dilemma of trying to find a wonderful place to safely deposit their most
precious souls while they were away.” But there was no such web site out there, and hence LouisvilleBiz was born.
Having undergone substantial and time consuming design and theme changes, LouisvilleBiz was successfully launched on August 18,
2000, and has received warm reception from the Louisville public. Lisa now markets web links and Online Brochures to recommended
businesses in the metro area, and hopes that all who visit the site will walk away with new knowledge of a great caterer, lawyer, dog
groomer, florist, bakery, boutique, Realtor, and so on. Lisa knows this service will help many businesses and people alike, and will wrap
this up with only one thing left to say, “C’mon Louisville, I recommend it!”
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IN THE NEWS …..
Central Regional Conference November CIA Exam Deadline
2000 - Extends Early
Registration Offer September 30 is the registration
deadline for the November 2000
The Institute of Internal Auditors Certified Internal Auditor® (CIA®)
The Central Regional Conference,
announced the Global Auditing exam. The IIA Web site,
September 24-27, 2000, in Columbus,
Information Network has moved to www.theiia.org, includes information
Ohio, has extended its early
registration offer of $395 for IIA the internet. Audit groups can find on examination review materials and
members and $445 for nonmembers the survey via the GAIN the exam application forms. CIA
until August 15. Benchmarking Service link on the Candidate Brochures are also
The conference offers something for www.theiia.org home page. Also, the available through The IIA Customer
everyone - from staff auditors to audit previously paper only report is now Service Center at email@example.com
directors. It features more than 40 an email attachment providing or Ext. 1.
concurrent sessions in six tracks: 21st delivery under one hour and a
Century Communications; Control global price of $195!
Self-Assessment; Protecting Since 1992, The IIA has provided Certified Government Auditing
Corporate Assets; 21st Century Audit internal auditors with this Professional (CGAP)
Strategies; CIA Review; and 21st benchmarking service. Clients
Century Value-Added Practices. provide data about their audit The Certified Government Auditing
Twenty CPD hours are available. function and in return receive a Professional (CGAP) designation is
It is conveniently held in Columbus, confidential 130 page “slide show scheduled to pilot in early September
and includes a mind-expanding style” report comparing them to 2000. Watch your mail for the CGAP
evening extravaganza at the Program Information for Candidates
averages in their industry, specialty
Columbus Center for Science and brochure to be mailed soon or visit
group, staff size, base country and
Industry. www.theiia.org under "Certifications"
View the conference program and universe. GAIN goes beyond just
answering “does your company for updates on testing information,
register at www.theiia.org/centohio. applications and reference materials.
spend more or less on auditing” by
providing a network directory of Be among the first to obtain your
participants. For additional CGAP - register today and reach for
information, contact Kelly Dean at
Partners in Progress Agreement firstname.lastname@example.org or Ext. 258 or visit
Arthur Andersen has joined The IIA's 2001 International Conference -
Partners in Progress Sponsorship Mark Your Schedule
program. This partnership advances New Vision University Offering
and formalizes The IIA/Arthur IIA-Argentina will host the 2001
Andersen partnership and melds the International Conference, June 24-27,
expertise and creativity of both On November 12-16, 2000, for the
first-time, Vision University will be at the Buenos Aires Sheraton Hotel &
organizations. Convention Center.
As a part of the sponsorship offered to senior level managers
preparing to become chief auditing The conference theme is
agreement, Arthur Andersen will "Globalization and Diversity."
advertise in Internal Auditor magazine executives.
The seminar, held in Chicago, is also International conferences are the
and exhibit at six of The IIA's world's largest gathering of internal
conferences. Arthur Andersen may tailored to CAEs new to internal audit
or who have been away for a number auditors, risk and control specialists,
also develop and participate in other and others responsible for helping
IIA-sponsored programs and IIA of years.
For additional information, contact Lori organizations and management
Research Foundation projects. achieve their goals.
Ondecker at email@example.com or
Ext. 269. Buenos Aires is one of the world's
great 24-hour cities that never sleep -
and that excitement and exuberance
will definitely carry into the 2001
Visit The IIA's Web site for additional
4 Derby City Disclosures
President AUDITFORCE IIALOU.ORG
David Williams ……………….. Look for us on the World Wide
Commonwealth Industries, Inc.
Providing a progressive blend of Web. Bruce Edwards is currently
operating and consulting solutions developing the chapter website.
Vice President to internal audit, financial, and tax Look for information on meetings /
Kelly Hopper departments nationwide. seminars, membership information,
(502)874-2866 links to other websites, and much
As a high quality and affordable
Treasurer Suggestions for information to
alternative to Big Five firms for a
range of quality services, be included in the website can be
LG&E Energy Corp. AuditForce is rapidly becoming sent to the webmaster.
Carl.firstname.lastname@example.org the leader in providing Internal Bruce.email@example.com
Audit solutions to our growing client
Michele Welscher base. Our team of seasoned
(502) 581-7829 professionals partner with Internal
National City Audit departments to assist in
addressing routine and complex IT
Audit issues, financial and
operational audit challenges, NEWSLETTER
Dr. Betty Brown compliance projects, fraud VIA E-MAIL
University of Louisville investigations, and special projects
Bcbrow01@ulkyvm.louisville.edu requiring unique skill sets. We also Would you prefer to receive the
provide audit personnel to assist newsletter via e-mail? If so send
Stock Yards Bank
the internal audit department with the following information to me at
Lynn.firstname.lastname@example.org staffing challenges, and assist you
in meeting your annual audit plans. MWELSCHER@HOTMAIL.COM
Dave Heilman Other services offered by
LG&E Energy Corp.
AuditForce include Enterprise Name
Systems Services, Accounting, and Organization
Tim Jamison Tax Accounting. Email address
LG&E Energy Corp.
For more information about (in case of problems)
Kay Combs AuditForce services, please visit
Humana our AuditForce.com web site, or
Kcomb2@humana.com call us at 513-421-2100 and ask for
either Tim Kelly or Jacqueline
Aegon Bauereis. You can also write us at
Corwin@aegonusa.com AuditForce, 312 Walnut St., Suite
1020, Cincinnati, Ohio 45202.
City of Louisville
Louisville Water Company
5 Derby City Disclosures
IIA NEEDS YOUR HELP !
Indiana University Southest Career Days
Saturday, September 23rd
Help is needed to give a 15 - 20 minute presentation and tend a booth at the Indiana
University southeast Career Days. A display has been ordered from the IIA. If you
company is looking for interns, this would be a great opportunity. To volunteer to give the
presentation or to tend the booth contact Don Whitehouse at 502-569-3647 or
CALENDAR OF EVENTS
September 18-20 September 24-27
IIA/MIS Control, Audit, and Security Central Regional Conference, Columbus,
Conference, Chicago Ohio
September 18-22 September 25-27
Security, Auditability, and Control of Business Risk Conference, Phoenix
PeopleSoft Systems Seminar, Atlanta
September 19 Denver Seminars
Critical Infrastructure Assurance Conference
Series, New York September 30
November CIA Exam Registration/Application
September 20-22 Deadline
IIA/ACIPA Fraud Conference, Las Vegas
Data Analysis Technology Seminar, Dallas
6 Derby City Disclosures
October 1-11/30 October 16-18
CCSAExam Testing Window Industry Audit Series: Utilities Conference,
Introduction to SAP Audit Seminar, October 23-25
Philadelphia Industry Audit Series: Financial Services
SAP Technical Audit Seminar, San Francisco October 30-31
IIA/AGA State and Local Government
October 16-18 Conference, Austin, Texas
Industry Audit Series: Telecommunications
IIA 2000 – 2001 Meeting Schedule
Mark the following dates on your calendar for the monthly meeting of the Louisville Chapter of IIA. (Speaker
and topic listed ):
September 12, 2000 January 9, 2001
Lisa Johnson Special Speaker - TBA
Internet Business (1 CPE) (1 CPE)
(Joint meeting with ISACA)
February 13, 2001
October 10, 2000 ACL Software Speaker
Jim Kaplan (1 CPE)
Finding Audit Resources on the Internet (1 CPE)
March 13, 2001
November 14, 2000 Carl Balderson
Kevin Mead Enterprise Risk Management (1 CPE)
Powerful Productivity –
Skills and Techniques to Enhance Your Effectiveness April 17, 2001
(Joint meeting with Central Kentucky Chapter, held in Don Whitehouse
Frankfort) Louisville Water Company
December 12, 2000
Speaker: To Be Announced May 8, 2001
(Joint meeting with ACFE) Star of Louisville Cruise
Networking (1 CPE)
Cincinnati Chapter Institute of Internal Auditors –
7 Derby City Disclosures
The Cincinnati Chapter IIA September meeting will be held at the Union Terminal Museum
Center on September 13, 2000. The chapter is pleased to provide Mike Harris, CEO and
founder of AuditForce, now Jefferson Wells International, as the evenings speaker. As
many of you know, Mike created Jefferson Wells as an organization designed to supplement
and support the Internal Audit profession. Come join us as Mike discusses recent trends
and future directions for the internal audit profession, as well as his insights on the proposed
SEC rules regarding independence.
The evening will begin with a social hour from 5 to 6:00 PM. Mike’s presentation will begin
at 6:00 PM, followed by dinner and time to network with your fellow professionals starting at
7:00 PM. The cost for the evening is $25.00, which includes a buffet dinner, the
presentation, and parking. One credit hour of CPE will be provided to those in attendance.
The Union Terminal Museum Center can be easily reached from the north by taking I-75
south to exit 2A, Western Avenue, and from the south by taking I-75 north to exit 1H, Ezzard
Charles Avenue. Again, parking is free when you tell the parking attendant that you are with
the IIA party. For reservations, please call Jennifer Wellen at 513-421-2100. Seating is
limited, so make your reservations soon. Please call either Chris Potensky or Bruce Miller at
513-421-2100 with any questions concerning this exciting event.