TACUA Annual Conference Flyer

April 2-5 Grapevine,TX
2018 ANNUAL CONFERENCE

22 CPE HOURS

MESSAGE FROM
YOUR PRESIDENT

Expand Your Knowledge with TACUA at the 2018 great sightseeing opportunities in close
TACUA Annual Conference! Join fellow college proximity, so this conference surely is not going
and university audit professionals right next door to disappoint. Beginning in 2018, the IIA is
to the Dallas -Fort Worth Metroplex in Grapevine, requiring all active IIA certification and
TX on April 2-5. The Annual Conference offers qualification holders to earn 2 hours of CPE in
opportunities for attendees to learn innovative ethics. We are offering a special session designed
ideas, share best practices, and take home new for you to meet this requirement.
approaches to handle challenges. Register by February 28, 2018, to take advantage
With plenty of informative speakers and lots of  of the early registration discount.

2018 TACUA OFFICERS Ali Subhani
TACUA President

Brandon Morales, Treasurer Jason Mallory, Secretary Letty Charbonneau, Officer‐At‐Large  Dana Nuber, Officer-At-Large Rob Carter, Officer-At-Large,
University of Texas- Austin Texas State Technical College Lone Star College University of Texas -Arlington Baylor University
[email protected] [email protected]
[email protected] [email protected] [email protected]

TACUA | 2 January 2018

PAGE 3 TACUA ANNUAL CONFERENCE

 Richard Bowen is the Citigroup whistleblower KeyNote Speaker
who repeatedly warned Citi executive
management about risky business practices and "Richard Bowen, you are a star
potential losses related to mortgage lending.  He and a hero.”
will be our Keynote Speaker for the conference.
Ben Stein, Economist and
As a Business Chief Underwriter for Citigroup Political Commentator
during the housing bubble financial crisis
meltdown, he saw fraud firsthand inside the
organization. He watched with disbelief at the
way the company certified poor mortgages as
quality mortgages and sold them to Fannie Mae,
Freddie Mac and other investors. Ethical
Leadership Speaker Richard Bowen - 60 Minutes

Richard
Bowen

For two years he repeatedly warned executive
management and the board of directors. His
warnings were ignored, despite the fact that
withholding such information from
shareholders and investors violated the
Sarbanes-Oxley Act. Citigroup eventually
stripped him of all responsibilities, placed him
on administrative leave and told him his
presence was no longer required at the bank.

Richard subsequently testified before the
Securities and Exchange Commission and gave
them 1,000 pages of evidence of fraudulent
activities, with the bank bailouts occurring
three months later.

Affordable Register prior to February 28, 2018 to get the discounted rate of $385. After
CPE February 28, the rate increases to $435. Registration fee covers all conference
sessions, breakfast and lunch during the conference, one dinner, and an evening
reception. Please make checks payable to TACUA and send to:
UT Austin Internal Audit
c/o Brandon Morales, TACUA Treasurer 1616 Guadalupe Street, Suite 2.302
Austin, TX 78701.     Complete the registration online prior to sending payment.

VenuePAGE 4 TACUA ANNUAL CONFERENCE

This state-of-the-art hotel is conveniently located between Dallas and Fort
Worth, just three minutes north of DFW International Airport. The hotel
offers spacious accommodations with modern and welcoming design,
luxurious bedding and a technology–ready environment.
The Courtyard by Marriott DFW Airport North/Grapevine takes the worry
out of local travel with a complimentary shuttle to and from DFW
International Airport and other destinations within a 5-mile radius, including
Grapevine Mills Mall, Bass Pro® Shops Outdoor World, Lake Grapevine,
Legoland® Discovery Center, and Cowboys Golf Club.  

Location : 2200 Bass Pro Court
                     Grapevine, TX 76051
                      817‐251‐9095

Courtyard Make your reservation by
March 13th to secure the
by Marriott group rate of $157/night.

DFW Airport

North

Amenities include:

Complimentary Wi-Fi access 
Complimentary guest laundry facility
 Outdoor swimming pool 
24/7 Market Pantry
Courtyard patio 
Bistro Plus
State-of-the art fitness room 
Complimentary shuttle service
Business Center 
 Free parking

Reserve Your
Hotel Room

Today

PAGE  5 TACUA ANNUAL CONFERENCE

Sightseeing Wondering where the city gets its name? Texas is the fifth-
largest wine-producing state, and Grapevine is at the
Make your reservation by center of it all. Grapevine’s historic Main Street District
March 13th to secure the welcomes visitors with quaint shops, restaurants and areas
group rate of $157/night. to relax. The city’s art and culture scene rivals that of big
city neighborhoods. For the great outdoors, head to the
Grapevine Botanical Garden, just down the road from the
Main Street shops. North of the downtown area is
Grapevine Lake. Whether you’re looking for a low-key
activity or action-packed adventure, Grapevine has you
covered.

Local attractions:

Grapevine Vintage Railroad
Grapevine Aquarium
Texas Motor Speedway
Fort Worth Stockyards
Bureau of Engraving and Printing
Western Currency facility
Fort Worth Zoo
AT&T Stadium
Ripley's Believe It or Not

Come see what

the Dallas-Fort

Worth

metroplex has

to offer!

PAGE 6 TACUA ANNUAL CONFERENCE

AT A GLANCE

WEDNESDAY

MONDAY TUESDAY THURSDAY

7:00 AM 7:00 AM 7:00 AM

Breakfast Breakfast Breakfast

8:00 AM 8:00 AM 8:00 AM

Ethics and Fraud in the The COSO Trail - Ethical and Fraud
Last and Next Financial Charlie Hrncir Considerations for
Crisis -Richard Bowen Internal Auditors
Richard S. Mark
9:30 AM-10:00 AM
10:00 AM-10:10 AM
Morning Break
Morning Break 
12:00 -1:00 PM 10:00 AM 10:00 AM
10:10 AM
Open Registration Auditing Information CyberSecurity -
Submitted to Teacher Jon Allen Financial Aid
1:00 PM Retirement System - Compliance Hot
Topics: New, Old, and
Opening Remarks Amy Barrett Emerging Issues
Marian Beth Tolan
11:30 AM - 1:00 PM
11:40 AM - 12:00 PM
Lunch
Boxed Lunches
& Departures

1:15 PM 1:00 PM 1:00 PM

How to Effectively Directors & Staff  Title IX Compliance
Market the Internal Roundtable Breakout Justin Noble
Sessions
Audit Function-
Greg Estes

3:00 PM - 3:30 PM 2:30 PM - 3:00 PM

Afternoon Break Afternoon Break

3:30 PM-5:00 PM 3:00 PM 3:00 PM

Construction Auditing A Different Approach to TBD
for Colleges and Managing an Audit Office-
Universities - 5:30 PM
Rich Townsend Mike Vandervort
Networking
5:30 PM Reception

Opening Night
Dinner

PAGE 7 TACUA ANNUAL CONFERENCE

SCHEDULE Monday, Aprndil 2

NOON Open Registration

1:00 PM Ali Subhani, 2018 TACUA President
Welcome & Opening Remarks

1:15 PM Greg Estes, Senior Manager, Fossil Group, Inc.
How to Effectively Market the Internal Audit Function
3:00 PM
3:30 PM The Auditing profession continues to evolve with increasing demands to add
value. We must market our wide range of experience and show that by having a
seat at the table, we can assist management in achieving their critical
objectives. This is not achieved without a plan and visible action.

The objective of this session is to provide you with a plan with specific examples
to market the internal audit function at your company. No longer are we the
"gotcha" police. A great internal auditor uses his relationship skills and talent to
show management ways to get to where they want to go more effectively and
efficiently. You will learn specific actions that you and your team can implement
quickly that will help publicize your ability and willingness to assist the company
get to the next level with the proper level of controls.

Regardless of your department's size, strategic partnerships are still
built through relationships. Come and learn how to be an influencer.

Greg’s professional passion is sharing his vast knowledge and investing in other
audit professionals. He has worked at Fossil for over 5 years and has over 13
years as an internal auditor and has served as a Corporate financial professional
for over 20 years.   Before devoting his time and energy to the audit profession,
Greg attended Austin College where he obtained B.A.s in political science and
business administration. Greg currently resides in a small north Texas town that
is near Dallas. His primary hobby is gospel singing which has afforded him many
wonderful opportunities; including singing for as many as 15,000 people. His
proudest accomplishment is his four children: Parker, Olivia, Ashlyn, and
Jordan.

Afternoon Break

Construction Auditing for Texas Colleges and Universities
Rich Townsend, CEO - Co-Owner, R. L. Townsend & Associates, LLC

Most higher education systems in the State of Texas use Construction Manager
at Risk Cost Plus Fee with Guaranteed Maximum Price construction contracts
for their major projects.  This session will highlight best and worst construction
contract administration practices of higher education institutions and how
audit departments can help their organizations maximize the value they receive
for the construction dollars they spend.  

Rich Townsend is the Co-Owner of R. L. Townsend & Associates, LLC, a
construction auditing firm based in Plano, TX.  His firm has extensive
experience auditing Construction Manager at Risk contracts for Texas higher
education institutions. He is a Certified Construction Auditor, a Certified
Internal Auditor and a Certified Public Accountant.

PAGE 8 TACUA ANNUAL CONFERENCE

SCHEDULE Tuesday, April 3rd

7:00 AM Breakfast

8:00 AM Ethics and Fraud in the Last and Next Financial Crisis
Richard Bowen, Senior Lecturer, Accounting; University of Texas at Dallas

A true story of the breakdown of ethics, the resulting fraud and collusion with
government to prevent accountability, and how this will lead to the next
financial crisis.

Learning Objectives --
1. What can go wrong to allow fraud.
2. Lip service to a code of ethics will not prevent fraud.
3. How management can corrupt ethics.
4. How collusion prevents detection.

Richard Bowen, formerly business chief underwriter at Citigroup discovered
that billions of dollars in defective mortgages were being sold annually to
investors in securitizations as quality mortgages. He warned management
repeatedly for 18 months about possible unrecognized financial losses and also
warned Citi's Board of Directors and requested an outside investigation. He
provided evidence to the SEC and gave nationally televised testimony before
the Financial Crisis Inquiry Commission, where he witnessed coordinated
efforts to hide key parts of his testimony from the American public. His story
was featured in the 60 Minutes story "Prosecuting Wall Street," which aired
December 4, 2011, with an audience of 12 million viewers and has since been
re-aired eight times. Richard is presently a professor of accounting at the
University of Texas at Dallas and is a well-known speaker on ethical leadership
and the financial crisis.

9:30 AM Morning Break

PAGE 9 TACUA ANNUAL CONFERENCE

SCHEDULE Tuesday, April 3rd

10:00 AM Auditing Information Submitted to the Teacher Retirement System
Amy Barrett, Chief Audit Executive, Teacher Retirement System of Texas 

This session will provide an overview of information provided from your
institution to the Teacher Retirement System, discuss the risks associated with
misreporting information, the benefits of auditing the information, and steps
you can take to perform an audit.

Amy Barrett, CIA, CISA, CPA, Chief Audit Executive, coordinates audit services
for the Teacher Retirement System of Texas (TRS) under the direction of the
TRS Audit Committee of the Board of Trustees since 2008. Her previous audit
experience includes Assistant Director, System Audit Office of The University
of Texas System; and, Senior Manager, PricewaterhouseCoopers, where she led
higher education, corporate retirement plan, and not-for-profit financial audits.
Amy received a Master in Professional Accounting degree from The University
of Texas at Austin and a Bachelor of Arts degree from Emory University in
Atlanta, Georgia. She currently holds the office of Secretary for the Association
of Public Pension Fund Auditors (APPFA).

11:30 AM Lunch
1:00 PM
Break-Out Session
Directors Roundtable and Staff Roundtable

2:30 PM Afternoon Break

PAGE 10 TACUA ANNUAL CONFERENCE

SCHEDULE Tuesday, April 3rd

3:00 PM A Different Approach to Managing an Audit Office
Mike Vandervort, Chief Audit Executive, The University of Texas at Austin

Where do you want to be in your career in five years? In this session, Mike will
discuss career paths for Internal Auditors and development of staff.

Mike obtained his Bachelor of Business Administration and Masters of
Education from Stephen F. Austin State University and began his audit career in
1970 with the Texas Alcoholic Beverage Commission. In 1973, Mike moved to
the Texas Department of Human Resources where he became Audit Director
and created their first internal audit department.  Since 1981, Mike has been at
The University of Texas at Austin serving, at different times, as Associate Vice
President and Business Manager, Senior Lecturer, and Chief Audit Executive.  

Mike is also proud to have served as the first President of TACUA (1988-1989).
Mike is set to retire to spend more time with family and at the lake beginning
September 1, 2018!

*Gather your new friends and head out to dinner. (Please plan to handle your own
check as registration fees do not include dinner.)

PAGE 11 TACUA ANNUAL CONFERENCE

SCHEDULE Wednesday, April 4th

7:00 AM Breakfast
8:00 AM
The COSO Trail
Charlie, Hrncir, Chief Auditor Texas A&M System

In 1992 COSO released a four volume set titled Internal Control - Integrated
Framework. Travel the COSO trail to learn how the Integrated Framework is
connected to UGMS, federal funding, federal sentencing guidelines, and
internal auditing standards.

C.R. “Charlie” Hrncir is the Chief Auditor for the System Internal Audit
Department. He received his Bachelor of Business Administration in
Accounting from Texas A&M University in 1980. He was responsible for
planning the first statewide single audit of the State of Texas and has been
auditing higher education institutions for 37 years.  Prior to joining the System
Internal Audit Department in April of 2000, Charlie worked for the Texas
State Auditor’s Office for 19 years. Charlie is a C.P.A. and a graduate of the
Governor’s Executive Development Program.

9:30 AM Morning Break
10:00 AM
CyberSecurity
11:30 AM Jon Allen, Chief Information Security Office Baylor University

This session will give an overview of a number of hot topics in cyber security
including vendor security assessments and the upcoming GDPR compliance
requirements.

Jon Allen is an Assistant Vice President and Chief Information Security Officer
at Baylor University. Jon has built the information security group from a one-
person shop to an integrated organization. He has been working in information
and network security for over ten years. Jon is a member of the Educause
Effective Practices committee, and the SANS EDU advisory council. He has
presented at RSA, Educause, Treasury Institute PCI workshop, SEAT and IANS
on topics ranging from PCI compliance to InfoSec in the age of Cloud and Agile
IT.

Lunch

PAGE 12 TACUA ANNUAL CONFERENCE

SCHEDULE Wednesday, April 4th

1:00 PM Title IX Compliance
Justin Noble, Assistant Chief Audit Executive Texas Tech University

This session will provide an overview of Title IX Compliance, the historical and
current view, and discuss how audit shops can tackle this complex regulatory
area.

Justin T. Noble is an Assistant Chief Audit Executive with the Texas Tech
University System Office of Audit Services. Justin has over fifteen years of
audit experience with stops at The University of Texas Southwestern Medical
Center and Southwest Airlines before returning to Texas Tech. Justin has a
Master of Architecture and Master of Business Administration and is a
Certified Internal Auditor.

2:30 PM Afternoon Break

3:00 PM TBD

5:30 PM Networking Reception

PAGE 13 TACUA ANNUAL CONFERENCE

SCHEDULE Thursday, April 5th

7:00 AM Breakfast
8:00 AM
Ethical and Fraud Considerations for Internal Auditors

Richard S. Mark , Associate Professor Accounting, University of
Texas Arlington 

Mr. Mark will review the various ethical components associated with audit and fraud issues
confronting Internal Auditors with special emphasis on behavioral attitudes.

Richard S. Mark is currently an Associate Professor of Accounting at the University of Texas
at Arlington teaching in the areas of ethics and financial accounting. He has dual
undergraduate degrees in Mechanical Engineering and Pre-Medicine from the University of
Colorado, a Juris Doctorate from University of Colorado, and a Master of Taxation (LL.M.)
from the University of Denver. He is a CPA in the United States and a Chartered Accountant
in the British Commonwealth.

Prior to joining the UTA faculty, Professor Mark was a sole-practitioner and later an associate
at various Dallas law firms. He subsequently became a Director of Tax for Atlantic Richfield
Company and later a tax manager at Arthur Young & Co (now Ernst & Young). He has also
previously served on the board of directors of a number of private energy firms.

Over more than 4 decades, Professor Mark has conducted numerous professional
development seminars for most of the Western, Southwestern and Southern state societies of
CPAs and public and private companies. He has also consulted and provided expert testimony
for the IRS; various global energy concerns including Exxon-Mobile, Chevron, Shell, Gulf,
Phillips 66, Conoco; hedge fund and tax software companies; law firms; international
government agencies within the State of Victoria in Australia; and the State of Alaska.

10:00 AM Break
10:10 AM
Financial Aid Compliance Hot Topics: New, Old, and Emerging 

by Beth Tolan
Review of 2018 financial aid compliance “hot topics” (i.e. potential concerns) from the
perspective of a financial aid administrator. 
Marian “Beth” Tolan is the Director of Financial aid at The University of Texas at Dallas. She
has over 20 years of experience in higher education, working in various capacities in
admissions, registrar, and financial aid offices in the east coast and in Texas. Her preference
has always been financial aid because of her proclivity toward policies and regulations. She
enjoys the challenge of figuring out how to implement those rules so they work seamlessly
and in the best interest of students. Beth received her Bachelor’s Degree in Political Science
from Simmons College in Boston, Massachusetts, where she grew up as, and remains, a New
England Patriots fan (to the chagrin of her Cowboys rooting husband).

11:40 AM Closing Remarks
Boxed Lunches & Departures

Will We 

SEE YOU
@

in

Grapevine