The Institute of Internal Auditors and Villanova University partner to host CAE Roundtable

PRLog (Press Release) - Mar 08, 2010 -
Villanova University hosted its first Chief Audit Executive (CAE) Roundtable on Friday February 19, 2010 in partnership with the Philadelphia Chapter of the Institute of Internal Auditors.  The venue brought together 25 audit executives representing a diverse mix of executive leadership coming from the Public and Non-Public sectors.  The Philadelphia Chapter of the Institute of Internal Auditors has a membership of 1,400 internal audit professionals from across the PA, NJ, and DE region.  Established in 1941, The Institute of Internal Auditors (IIA) is an international professional association of more than 170,000 members with global headquarters in Altamonte Springs, FL, United States.  Throughout the world, The IIA is recognized as the internal audit profession's leader in certification, education, research, and technical guidance (http://theiia.org.)  The CAE forum discussed a number of topics, including the changing trends in corporate governance, enterprise risk management, board room interactions, and internal audits knowledge, skills, and abilities.  The mission of the roundtable is to be an invaluable resource to the audit executive community for networking, idea exchange, and collaboration in the spirit of adding value and improving risk management, control, and governance processes.

"Plans are to hold this meeting at least three times again this year," said James Kane, Director of Continuing Studies at Villanova University. "This event and our partnership with the Chapter reflects our belief that Internal Auditors are becoming extremely important to the entire operation of an organization, and that education and certification of internal auditors is a critical part of a company's success", said Kane, who also teaches Human Resources Studies in the Continuing Studies department.  “Audit Executives have a very challenging role; they are the conscience that must balance the scale of ethical and financial performance of their organizations.  This style of a forum provides a confidential peer sounding board for audit executives to problem solve and bring back innovative ideas to their organizations,” said Michael Brozzetti, Chairman of the CAE Roundtable.  Current data points from the Institute of Internal Auditors and the National Association of Corporate Directors suggest about 2/3 of organizations are now taking a closer look at their Board structure and governance processes to ensure sound risk management processes are in place, make sense, and are properly designed to protect stakeholders and support long-term value creation.  “Now is the time for internal audit to seize the opportunity to play a very key and vital role in the governance reform that lies on the horizon,” said Brozzetti, who is CEO of Boundless LLC, an internal audit and risk advisory firm (http://BoundlessLLC.com.)  Michael Brozzetti carries the Certified Internal Auditor designation, or CIA, which is the only globally accepted designation for internal auditors that demonstrates knowledge and competence in the areas of governance, risk, and control.  Mr. Brozzetti also serves as an Adjunct Instructor for Villanova University where he teaches the weekend CIA Certification program for those seeking to prepare for the CIA examination.  The Spring 2010 semester classes start in March and continue through the beginning of June.  Click to learn more about becoming a Ceritifed Internal Auditor.  http://www.youtube.com/mbrozzetti

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