Delta Sigma Theta Sorority, Inc. CENTRAL *EASTERN* FARWEST* MIDWEST* SOUTH ATLANTIC *SOUTHERN* SOUTHWEST National Internal Audit Committee 2018 Regional Conference Plenary Presentation Chair: Soraya Williams Farver Shanta M. Belyeu Tiara Brooks Tonya Smalls, CPA

A YEAR AT A GLANCE RECAP OF PAST YEAR’S ACCOMPLISHMENTS Audit of Finance Department at Headquarters Consultation with chapters Webinars, Trainings, State and Regional Clusters, Advisors Training, and Investigations Restructure Red Zone Audit section within 3 weeks Monthly Committee Meetings

Overview – Status of Red Zone System failed first week of March, approximately; Impact isolated to Internal Audit environment. Collaboration with National Internal Audit Committee and Headquarters’ Finance and Technology Departments, System Developers. Disabled until March 31st Quarter 2 testing April 1st - 15th Quarter 3 opened as of May 10th now up-to-date

What Have We Learned? Chapters must confirm that the contact and officer information is updated and correct - AROCO Chapters must retrieve the emails and refer to updated information Internal Audit Committees must adhere to the Audit Schedule and Sequence On the horizon: Institutional Research Survey Revised 2018 Internal Audit Manual Updated Work Papers and Aids

Understanding the Audit Purpose of the Audit Test of Internal Controls Identify and Inform Communication Reporting and Interpreting Audit Results Adhering to the Report Schedule Response Rates and Ratings

Reminders Attend the Internal Audit workshop at this conference End of the Fiscal Year Preparation Address any Q1-Q4 issues early August 1st Q4 deadline August 31st Annual IAR-1 deadline Receipts and Expenses correct Update AROCO form Revenue Thresholds – Gross Receipts $50,000+ requires external CPA review $100,000+ requires external CPA audit

Reporting Schedule

National Internal Audit Committee A – B Soraya Williams Farver* dstniac_farver@yahoo.com C, D, G, U – Z Tonya Smalls alumnaemem.niac@gmail.com E, F, H Tiara Brooks brooks.dstniac@gmail.com I – N Soraya Williams Farver dstniac_farver@yahoo.com O - T Shanta Belyeu naturaldst3@gmail.com

Thank you, Sorors! National President Beverly Smith National Treasurer Deborah Jones Buggs Finance Chair Doreen Dixon National Headquarters Staff Chapter Internal Audit Chairs, Committees and Fiscal Officers