1. Your Professional Internal Audit Career
Mary Anne Burke

2. Agenda
1. Why it is important to understand the
hiring process – i.e getting a job
2. Challenges companies face today
3. What skill sets do you need to get ahead
4. How can you benefit your career
5. Social Networking
6. Resume, References, and Interviews …
7. Certifications and your career choices

3. Why it is important to understand the hiring process

4. Why it is important to understand the hiring process

5. Why it is important to understand the hiring
process
 ETHICAL CODE OF CONDUCT
 Interviews that embody universal qualities, traits strength of
purpose, courage of one’s convictions, moral integrity…
 Passion, talent, commitment and practice…
 Trustworthy, respectful and caring…
 Balanced between, “doing” and “being” literate and culturally self
aware.
 MUST be able to take on responsibility for developing new
initiatives and leadership roles in the future.
 A critical condition is clear, credible and inspiring organizational
purpose; in effect, it’s a “reason for being” that translates into
“reason for being there”.
 Organizations to which we belong and to which we are asked
to give our talent and loyalty we value and expect a lot.

6. Change is Constant
You will need skills to ride the waves of change
 As corporations try to find their
way out of the economic crisis
and back into healthy growth,
boards may be leaning more on
internal audit departments to help
them find the way.
 A wave of consensus is emerging
among internal auditors that the
problems they should be worried
about revolve around operational
or risk-management issues- not
financial reporting and the
internal controls over it, which
dominated corporate governance
thinking a decade ago.

7. Why it is important to understand the hiring
process
Navigator of Talent
 Take a long term view – stay on course
 Keeping current with regulatory changes,
global challenges and economic and financial
reforms
 Communication
 Strategy
 Research
 “A Players” ..where are they?

8. The talent war has gone global—and so
have talent shortages

10. Challenges Employers Face Today…

11. Challenges Employers Face Today #1
 Companies are now gaining insights that managing
talent within the auditing world is critical to the long
term
success for their companies.
 Employers need to be more responsive: and to
maintain
and keep their investments i.e. people
People are a company's most cherished
intellectual asset.

12. Challenges Employers Face Today #2
Second: It is essential that the global skills inventory
of the "best and the brightest" be challenged.
We must constantly ask ourselves:
“What can we do to improve the audit industry and to
improve our own career?”
As we all know ‘one person can make a
difference’.

13. Challenges Employers Face Today #3
Shortage of talent.
The key to success is in the fabric of our
people. Keeping people to stay at a firm is critical.
* One of the most important things I tell my clients is
once we hire an audit professional we need to boost
the long term employability – to keep skills, and
share knowledge…motivate … keep career
sustainability…

14. Challenges Employers Face Today # 4
Developing a Global Workforce
 Changes in demographics
 The demands of Gen Y and X
 Increasing diversity
 New technologies have eliminated barriers of distance, time,
boundaries.
 Changing risk profile
 Are we hiring the right skills for the task?

15. What skill sets do you need to get ahead?

16. What skill sets do you need to get ahead?
BRAIN POWER.

17. What skill sets do you need to get ahead?
Optimism Up But Full Recovery Still Years Away

18. What skill sets do you need to get ahead?
Key leadership characteristics:
 Integrity
 People skills
Other critical skills:
 Networking and relationship building
 Negotiation and influencing
 Change/project management and strategic thinking
 Driven, self-motivated, and positive attitude
 Facilitation and political savvy
 Verbal and written communication
 Flexibility and multi-tasking
 Internal controls and risk management

19. What do Auditors do?
 Operational Audits  Process & Controls Audits
- Process Flow  Risk Audits
- Internal Controls  Environmental Audits
- Gains in efficiency  Security Audits
- Lean concepts  Information Technology
- Continuous Audits
improvement  ERM
 Financial Audits
- Balance Sheet Review
- Payables &
Receivables
- Inventory
- Fixed Assets
- Critical Control
Reviews

20. Who will you interact with as an Auditor?
 CEO,CFO, COO, CKO, CRO, CAO
 Senior Leadership
 Business Unit Management
 Process Owners
 External Auditors
 Regulators

21. What skill sets do you need to get ahead / functions
that you will learn about as an Auditor
 Business leaders in these areas:
- Sales & Marketing
- Supply Chain
- Treasury
- Manufacturing/Operations
- Contracts
- Customer Support
- Quality
- Legal
- Finance-General Accounting
- Human Resources

22. What skill sets do you need to get ahead?
Understanding Corporate Culture
 Collaborative, supportive
team players ID who you
are
 Desirable place to work
 Provide interaction with
management
 Personal contributions and
success of the business
 Encourage networking
 Give employees more
responsibility
 Negotiate well
 Goal driven
 Solid leadership skills
 Great communication

23. How can you benefit your career?

24. How can I benefit from a career in Audit?
 You see every facet of the business
 You learn real leadership skills
 You will learn more in two years than most
people learn in 10
 You get high visibility
 You get to travel - see the world!

25. Your Career and Your Choices
 Unique – always changing
 Industry credentials and
certifications are key
 Education advancement
 Various soft skills and
characteristics
 Flexible solutions
 Sustainable goals
 Continuous improvement
 Guiding and integrating
the autonomous but
interconnected
work of highly skilled
people.

26. Designing a Career in Auditing
 Time consuming  People skills
 A badge of honor  Discipline
 Gratifying  Vision: knowing what
 Uncertain you want …and being
 Exciting

able to attain it
 A learning experience

Momentum / Cyclical
 Positive

Timing
 Complex when dealing with

Challenging
Rewarding experience
scheduling conflicts, and travel for all
 Critical to your success

27. Empower Your Audit Career Today
 Attend networking groups  Think and listen more
 Listen carefully carefully than never before
 Update your resume  Share your energy and
 Hear with your eyes your knowledge
 Find a mentor  Make interviewing part of
 Share your knowledge your every day
with others communication
 Mentor others  Teach others about what
 Sharing is power you have learned here at
U of MD
 Be proud of you and your
auditing career
 People around the world
depend on you

28. The government agencies with the highest
rates of job satisfaction
 1. Office of Management and Budget
 2. Nuclear Regulatory Commission
 3. NASA
 4. National Science Foundation
 5. Justice Department
 6. State Department
 7. National Credit Union Administration
 8. Social Security Administration
 9. U.S. Agency for International Development
 10. General Services Administration

29. Resume, References, and Interviews

30. The Resume

31. The Interview
 Demand for
salaries… balancing
perception with reality
and expectation
 Pulse of the industry
 Commitment
 Preparedness
 Sustainability of your
career with the
company, agency,
firm, organization

32. Rock Star Status!
 Situation
 Task
 Action
 Results

33.  What do you know about our company?
- Be prepared for questions
 Before you go into the interview, you want
to research the company so you know as
much as possible about its products, size,
quarterly revenues, image, reputation,
management, history, philosophy, goals,
problems, and competitors. Communicate that
you have made a conscious choice to target
this company because of the great things that
you know about it.

34. The References

35. Social Networking

36. Networks and Social Media

38. Certifications and your career choices

39. Knowledge is Power
 Get as many certifications as you can
 Worldwide Recognition
 Although certification may not be mandatory
for you at this time, a growing number of
organizations are recommending that
employees become certified. To help ensure
success in the global marketplace, it is vital
to select a certification program based on
universally accepted technical practices.

40. How to Earn Your Certifications
To learn more about obtaining your desired
certification – visit the professional
organization web site
 Step 1:Register for the Exam
 Step 2:Prepare for the Exam
 Step 3:Take the Exam
 Step 4:Apply for Certification
 Step 5: maintain certification over the span of
your career

41. Be all you can be with an
Auditing, Accounting Career
 Certified Public Accountant  Chartered Financial Analyst (CFA)
(CPA)  Certified Management Accountant
 Certified Internal Auditor (CIA) * (CMA)
 Certified Financial Services  Certified in Financial Management
Auditor (CFSA)* (CFM)
 Certified in Gov’t Auditing  Certified Government Financial
Professional (CGAP)* Manager (CGFM)
 Certified in Control Self-  Government Valuation Analyst (GVA)
Assessment (CCSA)*  Healthcare Financial Management
 Certified Information Systems Association (HFMA)
Auditor (CISA)  Accredited in Business Valuation (ABV)
 Certified Fraud Examiner (CFE)  Certified Valuation Analyst (CVA)
 Certified Bank Auditor (CBA)  Certified Computer Professional (CCP)
 Personal Financial Specialist (PFS)
 Certified Financial Planner (CFP)
 * IIA specialty certification programs
for practitioners

42. Certified Public Accountant
CPA
 The requirements to obtain CPA status vary from
state to state. However, candidates typically face an
educational requirement and an experience
requirement, in addition to successful completion of
the Uniform Certified Public Accountant Exam. In
many states the educational requirement has been
extended beyond the bachelor's degree, to include
150 semester hours of college credit. The CPA exam
is prepared by the American Institute of Certified
Public Accountants (AICPA), an organization of over
330,000 CPA members, and is administered locally
throughout the United States.

43. Certification in Internal Auditing
CIA
 Certified Internal Auditors (CIA), experts in internal auditing, are
recognized worldwide. The Institute of Internal Auditors (IIA) awards
the CIA designation and has a membership of 170,000 members in
165 countries and territories.
 Requirements of certification as an internal auditor include: (1) a
bachelor's degree or equivalent from an accredited college-level
institution, (2) character reference, (3) work experience 2 years, and
(4) successful completion of an examination which is taken in 4 parts
in any order over a 4 year span.

Why Become Certified?
There are many reasons to obtain an official IIA certification
designation. Whether it's the hallmark designation of internal audit -
the Certified Internal Auditor® (CIA®) designation - or one of the
three specialty industry certifications, obtaining a certification is
professionalism
 Very soon, The Institute of Internal Auditors will confer the 100,000th
Certified Internal Auditor certified.

44. Certification in Control Self Assessment
CCSA
 The Certification in Control Self-Assessment®
(CCSA®) is a specialty certification program
designed for practitioners of control self-assessment
(CSA). Individuals at any CSA experience level will
benefit from this comprehensive program. Gaining
the required knowledge of areas such as risk and
control models — often considered the realm of
auditors only — exposes CSA practitioners from all
backgrounds to concepts that are vital in effectively
using CSA to help clients achieve their objectives.

45. Certified Financial Services Auditor
CFSA
 The Certified Financial Services Auditor®
(CFSA®) is one of The IIA's specialty
certifications that measures an individual's
knowledge of, and proficiency in, audit
principles and practices within the banking,
insurance, and securities financial services
industries. The exam format offers
candidates a choice of three financial
services disciplines — banking, insurance
and securities.

46. Certified Gov’t Auditing Professional
CGAP
 The Certified Government Auditing
Professional® (CGAP®) is a specialty
certification designed for and by public-
sector internal auditing practitioners. The
exam tests a candidate's knowledge of the
unique features of public-sector internal
auditing — fund accounting, grants,
legislative oversight, confidentiality rights,
and more. The program’s broad scope
emphasizes the internal auditor’s role in
strengthening accountability to the public
and improving government services

47. Certified Information Systems Auditor
CISA
 Accountants interested in both computers and
internal auditing might consider joining The
Information Systems Audit and Control Association,
(ISACAF), Inc., and becoming a Certified
Information Systems Auditor (CISA). The ISACAF,
an organization with more than 17,000 information
systems professionals, publishes the IS Audit &
Control Journal. Requirements of the CISA
designation include: (1) the completion of an
examination, (2) experience in information systems
auditing, control or security experience, and (3)
abiding by its code of professional ethics.

48. Certified Fraud Examiners
CFE
 Certified Fraud Examiners (CFE) specialize in the detection,
investigation, and deterrence of fraud and white-collar crime. This
certification was created in 1988 by the Association of Certified Fraud
Examiners, an organization with 20,000 members and a mission to
fight fraud and white-collar crime world-wide.
As a CFE, you might be involved with breaking up the crime rings of
the Italian Mafia, Asian triads, Japanese Yakuza, Spanish Cartels, or
the Russian Mafia. Charles J. Bock Jr., CFE, reports that these crime
rings have developed partnerships that infiltrate financial institutions
around the world. CFEs are extremely important at a time when
information thefts average $800,000 with only two percent of the
perpetrators caught.
An individual seeking CFE status must: (1) have a bachelors degree
from a recognized institution of higher learning, (2) have two or more
years of professional experience in a field related to fraud
examination, (3) successfully complete the Uniform CFE Examination,
(4) abide by a Code of Professional Ethics, and (5) have the highest
moral and professional character.

49. Certified Bank Auditor
CBA
 The Bank Administration Institute (BAI) organization has a
membership of 5,000 Certified Bank Auditors (CBA) across the
United States and abroad. Member organizations include
Barnett Banks, Citicorp/Citibank, and NationsBank.
Publications of the BAI include Bank Fraud Newsletter,
published for members only. The requirements of a CBA
include: (1) a bachelors degree, (2) successful completion of
an examination, (3) work experience, and (4) abiding by a code
of ethics. The CBA projects to future employers a high level of
skill and knowledge relating to accounting; auditing principles
and bank regulations; auditing practices; and general business.

50. Certified Computer Professional
CCP
 In January of 1994, ICCP began offering a
single designation, the CCP for Certified
Computing Professional. Since 2004 this has
been broadened to include CBIP, CDMP and
ISA. ICCP continues to support its existing
and earlier certifications as shown below:
(a.k.a. grandfathering)
 CDP - Certificate in Data Processing
 CCP - Certified Computer Programmer
 CSP - Certified Systems Professional

51. Personal Financial Specialist
PFS
 The AICPA established a certification for CPAs that specialize
in personal financial planning. The personal financial specialist
(PFS) certification provides evidence of expertise in the area.
 An individual interested in obtaining the PFS designation must:
(1) be an AICPA member in good standing, (2) hold a CPA
certificate, (3) have at least 250 hours of experience in
personal financial planning for each of three years prior to
applying for PFS status, and (4) pass the PFS Examination.
After passing the examination and providing references letters,
PFS status is awarded.

52. Certified Financial Planner
CFP
 The College for Financial Planning and the Certified Financial
Planner Board of Standards, Inc. grants the Certified Financial
Planner (CFP) designation. CFPs carry the skills and
knowledge necessary to advise clients on investments, estate
planning, individual income taxes, retirement planning, risk
management, insurance and finance. Requirements for this
designation include: (1) completing an educational program
registered with the CFP Board of Standards, (2) passing a
certification examination given by the CFP Board, (3) a
bachelor's degree, (4) a minimum of three years of experience
in the financial services field, and (5) signing an ethics
statement form provided by the CFP Board.

53. Chartered Financial Analyst
CFA
 The Association for Investment Management and Research
(AIMR), in existence since 1963, awards the chartered financial
analyst (CFA) designation. The organization has a membership
of 24,000 investment professionals with job titles that include
accountants, auditors, business appraisers, corporate chief
financial officers, and financial planners. The CFA designation
is earned by an individual that: (1) has three years of
professional experience in investment decision-making
process, (2) has applied for membership in AIMR and in a local
Financial Analyst Federation (FAF) society, (3) holds a
bachelor's degree or equivalent education or work experience,
(4) signs a statement agreeing to comply with AIMR and ICFA
rules and regulations, and (5) acknowledges the authority of
AIMR's Professional Conduct Program to enforce the Code of
Ethics and Standards of Professional Conduct.

54. Certified Management Accountant
CMA
 The Institute of Management Accountants (IMA) administers
and implements both the Certified Management Accountant
(CMA) and Certified in Financial Management (CFM)
programs. The IMA has approximately 80,000 members who
hold titles such as chief financial officer, chief executive officer,
controller, and accountant. The CMA designation dates back to
1972 and is currently endorsed by more than 200 corporate
and academic organizations.
Certification requires: (1) membership in the IMA, (2) a
bachelor's degree or a CPA license to practice, (3) successful
completion of the CMA examination, (4) an experience
requirement, and (5) complying with the Standards of Ethical
Conduct.

55. Certified in Financial Management
CFM
 The Certified in Financial Management
(CFM) program has the same requirements
as the CMA and is also sponsored by the
IMA. The CFM is a more recent development
that provides evidence of an individual's
expertise and skills in financial management.
A CMA holder need not take the entire
examination for CFM status, but must pass
an additional part of the examination which
covers corporate financial management.

56. Certified Government Financial Manager
CGFM
 The Certified Government Financial Manager (CGFM) of the
Association of Government Accountants (AGA) provides an
opportunity for accountants interested in government to exhibit
their knowledge and competence in governmental financial
management. The CGFM provides evidence of the knowledge
and skills needed in the governmental environment:
governmental accounting, financial reporting, and budgeting;
and governmental financial management and control. More
than 13,000 individuals currently hold the CGFM designation
and work at every level of government---federal, state, and
local. Requirements for the CGFM include: (1) an earned
bachelor's degree with college hours in accounting, auditing, or
other business disciplines, (2) professional experience, (3) an
agreement to abide by the AGA's code of ethics, and (4)
successful completion of an examination.

57. Government Valuation Analyst
GVA
 A certification available to government employees, the
government valuation analyst (GVA), provides evidence of the
certificate holder's experience as a government employed
business valuator and successful completion of the GVA
examination. Requirements of the GVA certification include: (1)
a four-year college degree, (2) experience in business
valuation, (3) a minimum governmental job-level rating, (4)
current employment with a federal or state government agency,
(5) complete program of study prescribed the National
Association of Certified Valuation Analysts (NACVA), and (6)
passing a comprehensive examination.

58. Healthcare Financial Management
HFMA
 An accountant interested in the healthcare or medical profession
might consider the Healthcare Financial Management Association
(HFMA) designation. The HFMA is the nation's leading for more
than 35,000 financial management professionals employed by
hospitals, integrated healthcare delivery systems, long-term and
ambulatory care facilities, managed care organizations, medical
group practices, public accounting and consulting firms, insurance
companies, government agencies, and other healthcare
organizations. This organization serves the United States and
Puerto Rico. Member positions include chief executive officers,
chief financial officers, controllers, accountants, and other
professionals who seek excellence in the financial management of
integrated health systems and other healthcare organizations. The
requirements of the HFMA certification include: (1) membership in
the HFMA, (2) successful completion of an examination, (3)
references, (4) earning Founder's Award points as defined by the
HFMA, and (5) work experience.

59. Accredited in Business Valuation
ABV
 The AICPA offered the first Accredited in Business
Valuation (ABV) examination in November of 1997.
Five-hundred and twenty CPAs earned the
designation CPA/ABV specialist. CPA/ABVs provide
clients valuation services for use in selling a
business, obtaining loans from a bank, divorce
settlements, filing insurance claims, and mergers
and acquisitions. Designation as a CPA/ABV
requires the individual to: (1) be an AICPA member
in good standing, (2) hold a CPA certificate, (3) have
experience, and (4) pass a written examination.

60. Certified Valuation Analyst
CVA
 More than 2,500 individuals have their Certified
Valuation Analyst (CVA) designation. This
designation was instituted in the early 1990s and is
recognized throughout the United States and other
parts of the world. Qualification for the CVA
certification include: (1) membership in the AICPA in
good standing, (2) current CPA certificate, (3)
member in good standing in the National Association
of Certified Valuation Analysts (NACVA), (4)
completion of a training program prescribed by the
NACVA, and (5) completion of an examination.

61. Certification vs. Salaries
Internal Auditor Salary Survey Dec. 2010


62. For information on the certifications and
organizations which grant the certifications visit the
web sites at:
www.theiia.org
www.aicpa.org
www.acfe.com
www.bai.org
www.aimr.org
www.cfenet.com
www.cfp-board.org
www.isaca.org
www.imanet.org
www.nacva.com
www.hfma.org

63. “It’s the journey, not the destination”
 Determine the essential skills
 Demonstrate Personal Integrity
 Leadership can always be
improved upon
 Be a team player yourself and
surround yourself with
team players
 Exercise Operational Efficiency
 Be prepared and think ahead
 Anticipate that changes will and do
occur
 Value Ethics

64. Join the McGladrey Talent Community
 http://jobs.mcgladrey.com/go/experienced-
professionals/325892/?utm_source=virtualevent&utm_campaign=M_B
urke_U_of_MB_Smith_Ex_MBA

65. THANK YOU
Mary Anne Burke
Talent Acquisition Director
McGladrey &Pullen, LLP
8000 Towers Crescent Drive, Suite 500
Vienna, VA 22182
(D) 703-336-6465 (F) 410-246-8444
Experience the power of being understood SM