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 Internal Audit Case Competition

Increasing Insight and Inspiration in Internal Audit
Atlanta Chapter of Institute of Internal Auditors (IIA) & Georgia State University Second Annual Internal Audit Case Competition
By Katrina Kiselinchev
 
The Institute of Internal Auditors (IIA) Atlanta Chapter held their second annual Internal Audit Case Competition on Friday, November 16, 2012 with host and sponsor, Georgia State University at the Buckhead campus.
 
This event brought together the top 10 teams selected by a panel of judges from the fourteen teams that submitted cases.  The Case Competition was open to all accounting students throughout the state of Georgia and these top ten teams represented seven of the best accounting schools in Georgia.  “What was impressive is that we have had strong submissions from the students with significant deliberation from the judges”, said Paul Sobel, 2011 and 2012 Case Competition Judge and Vice President/Chief Audit Executive of Georgia-Pacific LLC.  “It came down to the depth of thought supporting the answers of the case to support whether the students fully understood how to tie case facts to real-life solutions.”
 
As the role of internal audit continues to shift and becomes an integral partner of the business, the demand for professionals in the field will increase. Through events such as the Internal Audit Case Competition, the Atlanta Chapter of the IIA may increasingly increase insight in the profession, as well as inspiration of the value being a part of the profession holds. This is accomplished through providing students with a real-world case that simulates what internal audit executives deal with in the profession, as well as providing the exposure of presenting to prestigious executives in the field. Based on a 2011 survey released by The Intersect Group, 47 percent of Atlanta CFOs indicated that they were increasing finance and accounting staff. Of the 47 percent hiring, about 30 percent were hiring entry level positions. This indicates continued growth and opportunity in the internal audit profession.
 
The Institute of Internal Auditors and the Case Competition Judges, Paul Sobel, Vice President/Chief Audit Executive of Georgia Pacific LLC; Carley Ferguson, Vice President of Internal Audit of Mohawk Industries; and Sterling Roth, Chief Audit Officer and Director University Auditing and Advisory Services Georgia State University, were excited to see the Top 10 Teams who competed on Friday, November 16, 2012.
 
The teams represented Georgia State University, Kennesaw State University, Augusta State University, Georgia Southern University, Georgia College & State University, Mercer University and Valdosta State University. Each team will also be supported by a Faculty Advisor and Mentor to help aid in their success.
 
At the end of the competition, a first, second, and third place prize were awarded to the Top Three Teams in the amounts of $1,000, $500, and $300 per student respectively.
 
Top Three Teams                            Team Members
First Place $3,000: Georgia State University
Presented by Sponsor, Ernst & Young Second Place $1,500:
Valdosta State University
Presented by Sponsor, Atlanta Chapter of IIA
 
Third Place $900:
Georgia College & State University Presented by Sponsor, Inclusivitie
David Posada, Leah Hunt, Yves Amani Advisor: Larry Ashmore  Mentor: Michael Deckert
Tochukwu Nwokike, Maureen Pritchett, Anthony Combs
Advisor: Tanya Lee
Mentor: Curtis Fields
Ashton Lea, Akwai Agoons, Jamie Potteiger
Advisor: David McIntyre
Mentor: Stephen Rosenthal

This IIA event would not be possible without the support of all its 2012 sponsors such as Ernst & Young, SunTrust, Inclusivitie, Georgia State University, The Intersect Group, and the IIA Atlanta Chapter.
 
The 2011 First Place Prize was awarded to the team from the University of Georgia.  Members of the team included Alexander Pirie, Eugene Kim and David Barker; Dr. Dennis Beresford, Professor of Accounting, advised the team.  The second place prize of $500 per student, presented by the IIA Atlanta Chapter was awarded to one of the three teams representing Kennesaw State University.  The team consisted of Laura Moltzen, Anusha Pallamreddy and Aaron Eakins. Dr. Richard Clune, Associate Professor of Accounting and Director of the Internal Audit Center, advised the team.
 
The IIA is excited about the Internal Audit Case Competition as an ongoing event with aspirations of increasing insight and inspiration into the field and potentially growing the event regionally or even nationally in the next few years.
 

2012 Participating Teams

Georgia State University
David Posada, Leah Hunt, Yves Amani Advisor: Larry Ashmore Mentor: Michael Deckert, SunTrust Benjamin Barry, Nathan McCoin, Venkata Vuyyuru Advisor: Dr. William Robinson Mentor: Bruce Lindemann, Georgia Pacific

Augusta State University

Erica Playford, Megan Frazier, Lacie Irvine Advisor: Pamela Jackson Mentor: Chris Fugate, North Star

Kennesaw State University

Natasha Slaven, Brittany Lipford, Cecerine Warner-Copeland Advisor: Rich Clune Mentor: Lamar Barnett, Aflac
Brandy Tunnell, William Helstowski, Damien Johnson  Advisor: Rich Clune Mentor: David Lee, The
Intersect Group
Stuart Spetseris, Inna Konovalenko, Kayla Peavy Advisor: Rich Clune Mentor: Jeffrey Mayhue, SunTrust

Georgia Southern University

Christopher Chernek, Allison Jansen, Jeremy Stor Advisor: Eddie Metrejean Mentor: David Petrisky, AT& T

Georgia College & State University

Akwai Agoons, Jamie Potteiger, Austin McAdams Advisor: David McIntyre Mentor: Stephen Rosenthal, Aarons

Mercer University

Eric Bruder, Tanya Leclair, Adam Moody Advisor: Julie Petherbridge Mentor: Bill Mulcahy, Mulcahy Consulting

Valdosta State University

Tochukwu Nwokike, Maureen Pritchett, Anthony Combs Advisor: Tanya Lee Mentor: Curtis Fields, NCR