2016 Spring IIA Case Competition Flyer
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Transcript of 2016 Spring IIA Case Competition Flyer
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The Philadelphia Chapter of the IIA invites you to
participate in the Spring 2016 Student Case
Competition
- Approximately $3,800 in cash prizes to be awarded!
-Winning team to receive up to $2,000 in cash prizes!
-Members of the first team to register will be entered into a drawing to win free
registration to the Spring IIA Conference!!
Dear Students and Professors,
The Philadelphia chapter of the Institute of Internal Auditors (IIA) Academic Relations Committee invites students
to participate in the sixth annual IIA Philadelphia Chapter Case Competition. The Case Competition is an
interactive, educational, collaborative event that will challenge you to work with your peers to analyze data,
develop ideas, and communicate your findings. The competition will also provide you with a glimpse of how a
career in internal audit can provide you with exciting opportunities to learn, develop, and grow your career. Gather
a few of your friends and show us what you can do!
Case Study Teams will be asked to review the information provided in the case study regarding a fictitious
company, evaluate internal controls in place, identify control deficiencies, assess risk within the control
environment, research relevant IIA and Accounting Standards along with researching real life business cases to
make recommendations for control enhancements to the Board of Directors.
Awards and How to Participate
The winning team will receive up to $2,000in cash gift cards, with a limit of $500 for each teammember. The
second place team will receive up to $1,200in cash gift cards, with a limit of $300 for each team member. Finally,
the third place team will receive up to $600in cash gift cards, with a limit of $150 for each team member.
Complete the attached registration and submit your teams Case Analysis Report by the Due Date: February 26,
2016. Members of the first team to register will be entered into a drawing to win free registration to the
Philadelphia IIA Spring Conference on April 29th
, 2016 which will be held at the Philadelphia Downtown Sheraton!!!
Please note that registrants that do not submit a case study will not be eligible for the drawing.
EligibilityWe encourage any undergraduate or graduate students attending Colleges/Universities in the Philadelphia region
with analytical minds, solid communication skills, and that are passionate about learning and solving problems to
form a team of 3 to 5 to come and join us! While any student is eligible to participate, some typical majors that are
sought after in the auditing profession are Accounting, Information Technology, Finance, Business, and Engineering
(just to name a few).
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Spring 2016 Philadelphia IIA Student Case Competition
Objective
The objective of this exercise is to introduce the understanding of the concept of risks and internal controls
through the use of real-life scenarios. In practice, a companys internal controls are evaluated by both internal
auditors, external auditors, as well as IT auditors.
Internal Auditors - There is a common misconception that Internal Auditors are focused primarily on
accounting. In truth, the profession is much broader than that. Internal Auditors report to the auditcommittee of the board of directors, and provide independent and objective assurance that the
companys internal controls are in accordance with company policies, procedures, external regulations
and strategic objectives.
Internal auditors may review and make recommendations on every aspect of the organization, from
developing and examining processes and procedures, confirming the accuracy of information,
understanding risk and internal controls to reduce fraud, to improving the organizations effectiveness
and more. Internal Auditors come from a variety of backgrounds including IT, engineering, marketing and
finance to name a few. Such diversity gives internal auditors a broad perspective and in turn, makes
internal auditors a valuable resource to executive management and boards of directors in accomplishing
overall goals and objectives, as well as in strengthening internal controls and organizational governance.
External Auditors Provide an opinion to shareholders and/or stakeholders on the accuracy of the
companys financial statements in accordance with applicable accounting guidelines. External auditors
must also understand internal controls over financial reporting of an organization to appropriately
perform an audit; and if the company is public, in order to provide annual assurance on compliance with
Sarbanes-Oxley requirements.
IT AuditorsIT auditors may be internal or external, and can work independently or in conjunction with
internal or external (non-IT) auditors on specific audit objectives. IT auditors provide assurance regarding
the design and effectiveness of internal controls within the organizations system and/or association with
the organizations governance controls over the IT environment.
More information about the Philadelphia IIA Chapter, including upcoming events:
https://chapters.theiia.org/philadelphia/
Case Competition Rules
1. Teams should consist of 3 to 5 current undergraduate or graduate students, any combination freshman
through seniors.
2. Teams should submit a written response to the case questions by February 26th
. The response should be
sent to Alicia Preddy at
[email protected] Anne Knapper [email protected] pre-register up to the report due date.
3. Every team has the opportunity to be advised by a professional from the IIA. Advisors are able to direct
students to resources to help them understand the case, but cannot give students direct advice on the
answers to case questions or directly assist in the preparation of the written report. Advisors are assigned
to teams on a first come first serve basis- so register early!!
4. If the Advisor is unsure about an issue they will contact the Case Competition Steering Committee
(contacts noted below).
5.
Panel of IIA professionals will judge the quality of the case responses based on both content andpresentation quality. Finalists will be announced on March 4
th.
6. Finalists will make an oral presentation (PowerPoint optional) to a panel of judges on March 17th
that will
include a celebration for all finalists, faculty and professionals that participated in the competition.
https://chapters.theiia.org/philadelphia/https://chapters.theiia.org/philadelphia/mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]://chapters.theiia.org/philadelphia/ -
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Spring 2016 Philadelphia IIA Student Case Competition
Important Dates
Case Study Announced: January 7th
, 2015
Case Study Registration;January 7th
February 23rd
, 2015
Case Analysis Report Due Date: February 26, 2015
Announcement of Finalists: March 4, 2015
Finalists Presentations and Awards Celebration: March 17, 2015 from 2:30 5:30pm
o
Location:RSM
30 S 17thStreet
Philadelphia, PA
*Please see separate PDF attachment for the Case Study Background Details and Questions.
If you have any questions, please contact the Case Competition Steering Committee:
IIA Academic Relations Committee Co-Chairs:
David [email protected]
Anne [email protected]
Alicia Preddy [email protected]
Bernadette [email protected]
Case Competition Steering Committee:
Anthony [email protected]
Louis Soffer [email protected]
Nalini [email protected]
Dana [email protected]
mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]://[email protected]/http://[email protected]/mailto:[email protected]:[email protected]://[email protected]/mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected] -
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Spring 2016 Philadelphia IIA Student Case Competition
Team Name:
#
Team Members
(3 to 5 Undergraduate
or Graduate students)
Email Phone #College/
UniversityMajor
Year of
Graduation
(Projected)
1
2
3
4
5
Yes No
- Would you like an advisor from the IIA assigned to your team to
provide prospective on the relevance of the case and assist with questions?
- Are you interested in joining or establishing an IIA student chapter?
- How did you hear about this case competition? ___________________________________
Case Competition Team Registration Form
Please enter my team in the Spring 2016 Philadelphia IIA Case Competition! Please include your
team members in the table below to register for the case completion.Please submit both forms to:
Alicia Preddy [email protected] and Anne Knapper [email protected] by
February 23, 2015. Please note that registrants that do not submit a case study will not qualify for
entry into the drawing.
mailto:[email protected]:[email protected]:[email protected]:[email protected]
