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

2. 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

3. 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

4. What Have We Learned?
Chapters must confirm that the contact and officer information is updated and correct - AROCO
Chapters must retrieve the s 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

5. 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

6. 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

7. Reporting Schedule

8. National Internal Audit Committee
A – B Soraya Williams Farver*
C, D, G, U – Z Tonya Smalls
E, F, H Tiara Brooks
I – N Soraya Williams Farver
O - T Shanta Belyeu

9. 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