Indiana University POOPS 2000 Topic: FINANCIAL OPPORTUNITIES Presenter: Jerry Randich, IU Alumni

Amsted Industries Manufacturer for Multi Industries $2 billion in Global Revenue Privately Held by Employees Nine Operating Divisions Worldwide

Post IU Opportunities Corporate Tax Corporate Accounting Public Accounting Banking Investments Consulting INTERNAL AUDIT

Internal Auditing is... “an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. –The Institute of Internal Auditors

Amsted Internal Audit What is Amsted Audit? What Do Amsted Auditors Do? What Happens after Audit Staff?

What is Amsted Internal Audit? 12 to 14 Auditors –Recent College Grads Travel in Teams –3 to 4 Weeks On Location

What is Amsted Internal Audit? The AMSTED Internal Audit Department has two objectives: –Evaluate the adequacy and effectiveness of the company’s internal controls and procedures –The personal and managerial development for auditors so that they are prepared to assume higher level positions with AMSTED.

What is Amsted Audit? AMSTED Internal Audits encompass –70 % Travel outside of the Chicago area »USA (CA, OR, AR, MO, MD,…) »Europe (Belgium, Germany, France,…) »Canada & Mexico

What do Internal Auditors do? Internal auditors are, to a great extent, key to an organization’s success in today’s business world. /Auditors meet with personnel at all levels of the organization. /Compliance Testing /Discuss Findings with Management

What do Internal Auditors do? AMSTED Internal Audits encompass –Financial Activities –Operational Reviews of Systems »Information Systems »Accounting Systems »Acquisition and Disbursement Cycle »Production/Inventory Control

AMSTED Internal Audit Internal Audit is more than what you will be doing next year,it is can lead to a career…your FUTURE!

What Happens After…? General Accounting Tax Accounting Cost Accounting Treasury Information Systems Etc

Former Amsted Auditors