Topic: Why Lean Six Sigma and Internal Audit are a Perfect Marriage
Presenter: Jimmy Parker, Director of Finance – Sales, ConAgra Foods
Cost: $35 for members
$45 for non-members
CPE: 2 CPE
Please RSVP by 12:00 noon on Friday, May 10, 2013 with the Programs Committee using the "Register Me" link below.
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Six Sigma is a business management strategy, originally developed by Motorola, USA in 1986, that seeks to improve the quality of process outputs by identifying and removing the causes of defects (errors) and minimizing variability in manufacturing and business processes. In the 1990s, the Lean process efficiency methodology and the Six Sigma quality improvement methodology were combined into Lean Six Sigma (LSS) in an effort to enable organizations to significantly reduce their costs by eliminating wasted time and activities from their operations.
Since that time, a number of leading internal audit departments have sought to incorporate LSS’s tools and techniques into their audit processes and procedures to enhance audit effectiveness and add value. While some have enjoyed a measure of success, others have struggled to assimilate the concepts into practice.
However, the successful incorporation of LSS tools and techniques into a department’s internal audit methodology should remain a noble objective for leading organizations. For those who have not yet ventured into LSS waters and need a push, the top five reasons will be presented as to why internal audit and LSS are a perfect marriage.
Jimmy Parker began his audit career with the U.S. Marine Corps Non Applied Fund Audit Services and retired after more than 20 years of active service. He served as a manager within the internal audit services group with Deloitte & Touche, Chicago; as a senior manager in the risk advisory services practice of Ernst & Young’s Detroit office; and was a financial audit manager in the internal audit department of Federal-Mogul Corp in Southfield, Mich. He holds a Bachelor of Science degree in accounting from the University of Maryland, College Park and a Master of Business Administration degree from the University of North Carolina at Wilmington. He holds numerous certifications, including Certified Internal Auditor, Certification in Control Self-assessment, Certified Public Accountant, Certified Management Accountant, Certified in Financial Management, Certified Information Systems Auditor, and Certified in Production and Inventory Management. Parker has facilitated internal audit courses for the IIA for more than 14 years.