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The F.A.N.
Finance & Accounting News You Can Use
February 2015
Volume !I, Issue MMXV
IMA Chair Elect Ben Mulling to Speak at
February 19th Dinner Meeting
Benjamin R. Mulling, CMA, CPA, CITP,
assumed the role of Chief Financial Officer of TENTE Casters, Inc. in 2008 at
the age of 28. In 2012, Ben was recognized as IMA Young Professional of the
Year. In 2014, he was elected IMA
Global Chair Elect and on July 1, 2015
he will become IMA Global Chair.
in Irving February 20-21. On Thursday,
February 19th, he will speak at the Dallas Fort Worth Area Chapter’s Dinner
Meeting on “Follow the Leader: How to
Effectively Lead Change in a Changing
Environment”. As part of his presentation, he will share his story of the challenges and insights for successfully
taking on the role of the CFO at a very
young age. This is a presentation you
don’t want
to miss.
Ben will be attending the IMA Global
Board and Board Committee Meetings
Call for Nominations
Fraud Hotline-Cyber
Security
Upcoming Meetings
The next Networking Happy Hour will
be February 12th at the Ranch. For
more information or to register, go to
http://www.dallasima.com/events.htm
Scholarship Fund
Webinars
Habitat for Humanity
Walk-a-Thon
Viewing Cyber-Security Through a
COSO Lens
Okay, I know I’m back on my obsession with cybersecurity, but whenever I find new resources to deal with
THE major threat to our nation and to each of us individually, I’m going to do it.
In the January 23, 2015 issue of “CGMA Magazine Update,” Mr. Ken Tysiac, a CGMA Magazine editorial director, authored the above article. I will be excerpting from that article and referring to the various COSO principles, but not discuss them in detail in this issue of Fraud Hotline; I will try to keep this as brief as possible, but
“keep you on your toes” at the same time.
I think almost everyone, individually and in business, recognizes that cyber-security is a constant source of major concern as high-profile data breaches make new headlines almost daily. The importance of this threat and
doing what we have to do to combat it even made it in the President’s State of the Union message….it doesn’t
get much higher focus and attention than that.
In a new report just released, “COSO in the Cyber Age,” cyber-security can be viewed through the lens of the
updated COSO internal control framework in some of the following ways:

Principle 6 – Organizations specify objectives
with sufficient clarity to enable the identification of
risks relating to objectives.

Principle 7 – The organization identifies risks to
the achievement of its objectives across the entity
and analyzes risks as a basis for determining how the
risks should be managed.

Principle 8 – The organization considers the potential for fraud in assessing risks to the achievement
of objectives.

Principle 9 – The organization identifies and assesses changes that could significantly impact the
system of internal control.

Principles 10, 11, and 12 – In following these
principles, the organization selects, develops, and
deploys control activities.

Principle 13 – The organization obtains or generates and uses relevant, quality information to support
the functioning of internal control.

Principle 14 – The organization internally communicates information, including objectives and responsibilities for internal control, necessary to support
the functioning of internal control.
The report also suggests that organizations should
ask:

Are we focused on the right things?

Are we proactive or reactive?

Are we adapting to change?

Do we have the right talent?

Are we incentivizing openness and collaboration?
Can executive management articulate its cyber-risks
and explain its approach and response to such risks?
For some of you, the principles cited might seem to
be an over-simplification of the problem or just more
“gobbly-gook”…..not so. This new COSO guidance
simply puts organizations on the right path toward
confronting and managing the frightening number of
cyber-attacks.
In my opinion it will take the focused and coordinated
efforts of government AND the private sector…..working together to fight the scourge that
threatens us all. I hope you not only recognize the
threat, but passionately join the fight against it.
Thank you.
Donald R. Burg, CMA, CPA, CFE, CGMA, CEBS
Member – Dallas Fort Worth Chapter of IMA
Dallas Fort Worth Area Chapter members can benefit from networking with
other members of the chapter. To connect with other chapter members or find
chapter members who work at companies of interest, go to www.imanet.org,
login with your member ID and IMA
password, click on Groups and Networking, then click on LinkUp IMA, select
Communities then My Communities, select Dallas Fort Worth Area Chapter
(only available to chapter members), select Enter. You can also click on Members at the top of the page to search the
data base by first name, last name and/
or company.
The IMA Global Board of Directors meets 3
times each year (February, June and October). The February 2015 meeting will be at
the Dallas Marriott Las Colinas, Irving.
Board Committees will meet on Friday, February 20th and will be followed by the Board
Meeting on Saturday, February 21st. Members are welcome to attend the Board Meeting
Ben Mulling, IMA Global Chair Elect, will
speak at the Dallas Fort Worth Area Chapter’s February 19th Dinner Meeting which will
also be at the Dallas Marriott Las Colinas.
The Memorial Education Fund (MEF) and the Stuart Cameron & Margaret McLeod Memorial
Scholarships – Deadline Feb. 15, 2015
The Institute of Management Accountants is accepting applications for its scholarship program: The
Memorial Education Fund (MEF) and the Stuart Cameron & Margaret McLeod Memorial Scholarships,
now through February 15, 2015. Interested students can download an application form at IMA’s website at http://www.imanet.org/PDFs/Public/Research/2015%20IMA%20Scholarship%20Pr%
20MEFSCMS_%20Flyer-%20august%201_DJD%20-%20MB%20(2)_writable%20frm.pdf.
All IMA student members who have not previously received an IMA scholarship are eligible to apply. MEF Scholarships are given at both the undergraduate and graduate student levels, and are
based on academic merit and strength of outside recommendations, among other criteria. The scholarships carry awards ranging from $1,000 to $2,500.
In addition, any student who applies for an MEF Scholarship is automatically considered for the prestigious Stuart Cameron and Margaret McLeod Memorial Scholarship. This scholarship, which carries
a $5,000 award, is given to one individual among the entire scholarship application pool who exemplifies excellence in all eligibility criteria. The SCMS Scholarship winner will receive complimentary registration for both IMA’s Annual Conference & Exposition in June and the IMA Student Leadership Conference in November. In addition, the winner will received a maximum of $1,000 for the combined
cost of lodging and transportation to attend both events.
The Stuart Cameron and Margaret McLeod Memorial Scholarship is awarded annually by the Stuart
Cameron McLeod Society (SCMS). Founded in 1934, SCMS is a special membership community
within IMA whose members share a long history of service to IMA.
The deadline to submit scholarship applications is February 15, 2015; winners are announced on or
before April 30, 2015. For complete information and application forms, please visit at http://
www.imanet.org/PDFs/Public/Research/2015%20IMA%20Scholarship%20Pr%20MEFSCMS_%
20Flyer-%20august%201_DJD%20-%20MB%20(2)_writable%20frm.pdf.
The Dallas Fort Worth Area Chapter of IMA has developed a Sponsorship Program, where firms can promote
themselves to our members, guests and many others in
a variety of ways (your logo on the Home Page of our
website with a link to your website, your logo in our
monthly newsletter, recognition at our monthly meetings, etc). Go to http://www.dallasima.com/pages/
Chapter_Sponsorship%20Form.pdf for more information on the program, including the various levels of
sponsorship. Also, please go to the Home Page of our
website at http://www.dallasima.com to see where your
logo will be prominently displayed to our members,
guests and many others who visit the site. To see
IMA’s Global Membership Profile, go to http://
www.dallasima.com/images/membership_profile.jpg.
and finance professionals.
Please contact Jim Clemons ([email protected])
if you have any questions, or need additional information.
The Dallas Fort Worth Area Chapter is one of IMA’s
(Institute of Management Accountants) most active and
recognized chapters, with over 900 members. We have
monthly meetings (CPE credits), high quality speakers,
networking sessions, college faculty and student initiatives, CMA (Certified Management Accountant) exam
preparation courses and more. We would welcome the
opportunity to partner with your firm, and help you promote it to Dallas Fort Worth accounting and finance professionals.
Free NASBA and TSBPA Approved High Quality CPE Webinars
Available for IMA Members
www.mamrecruiting.com
Take advantage of IMA's Free (to IMA Members) High
Quality CPE (NASBA and TSBPA Approved) Inside Talk
and Leadership Academy Webinars and Internal Control Series Webinars
Inside Talk - Register at http://www.imanet.org/
programs_events/webinars.aspx


February 11, 2015 (12:00 N) - Your Career Map:
How to Land the Job You Want (1.0 CPE)
February 18, 2015 (12:00 N) - Expense Management: Best Practices and Benchmarking for 2015
(1.0 CPE)
Leadership Academy - Register at http://
www.imanet.org/programs_events/
leadership_academy_webinars.aspx

February 17, 2015 (12:00 N) - Mentoring the IMA
Way (1.5 CPE)
http://cmaprepcourse.com/
Member Profile
Updates
Please keep your
contact information
up to date so that
you can continue to
receive communications from the Dallas
Fort Worth Area
Chapter or IMA.
To update your information, either contact
IMA Customer Service at 800-638-4427
or go online to your
profile at http://
www.imaonlinestore.
com/
PersonifyEbusiness/
Default.aspx?
TabId=61 (user ID
and password are
required).
If you would like to
change your membership into the Dallas Fort Worth Area
Chapter or to another
chapter, contact IMA
Customer Service at
800-638-4427.
New Members, Transfers and New CMAs
Welcome New Members









Todd Rashawn Anderson, Student
Xue Bai
Jessica Erin Bateman,
Student
Welcome Transfers from
Other Chapters

Justin Cueto, Student

Kali Culver, Priefert Mfg.,
Co., Inc.

Glenn A. Mizell, Metro
Water Services
Jeremy D Smeltz, Student
David A. Stern, Solvay
Robert L Dickson, Student
Diana Greer, Student
Chuyang Hong, MG
Capital
Harold Gregory Moore
III, Student
Congratulations to our
New CMAs

Jennifer Marie Mosier

Phillip D. Mooneyham

Nikki North

Brett R Wilkinson

Robin Palmer, Student

Shelley K Smith

Wanli Ye
Gleim CMA Review
Materials
(discounted materials
for self study)
Gleim provides an
extensive selfstudy course for
the CMA exam.
As a member of
the Dallas Fort
Worth Area Chapter, you are eligible for significant
discounts (from 20
-32%) on any of
Gleim's CMA materials, as well as
Gleim's online
CPE.
Texas Regional Council
The next Texas Regional Council meeting will be on April 25th at the
Holiday Inn DFW West, Bedford, TX. The Council is comprised of
the 5 Texas IMA Chapters – Austin Area, Dallas Fort Worth Area, El
Paso, Houston and San Antonio. For more information, go to http://
www.imatexascouncil.com/.
The Council will hold its 6th Texas Annual Conference “Accelerate
Your Career” April 23-24 in Dallas Fort Worth. Bill Jelen “Mr Excel’
will lead a 4 hour pre-conference session “Power Excel” on the 23rd.
An additional 8 CPEs will be offered on the 24th, featuring the following sessions - Advanced Data Analysis, Emotional Intelligence for
Finance Professionals, Big Data Action Plan for CFOs, Enterprise
Cost Reduction: Transforming the Cost Structure for Sustained Benefits, and Choices: Ethical Leadership – A Values based approach
(meets the 2 hour annual ethics requirements for CMAs). For more
information on the conference, go to http://imatexasconference.com/
index.html.
February 12th Networking Happy
Hour

February 19th Dinner Meeting - Federal
Tax Update by Rebecca Sheridan, CPA
(Tax Partner,
McGladrey LLP) and
David Hanna, CPA (Tax Director,
McGladrey LLP) and Follow the Leader:
How to Effectively Lead Change in a
Changing Environment by Benjamin R.
Mulling, CMA, CPA, CITP (Chief Financial
Officer of TENTE Casters, Inc., IMA Global
Chair-Elect)

To take advantage
of the reduced
prices, please
contact our chapter representative
Melissa Leonard,
(800) 874-5346
Ext. 131 or
[email protected].


March 12th - Networking Happy Hour
March 19th Dinner Meeting – PCAOB Update and Role of Investor Relations
Board Members - Officers and Directors
Long Range Planning Committee
President
Jim Clemons
Chair
Ron Schmidt
President-Elect
Christina Romero
Member
Stephanie Carpenter
Secretary
Stephanie Carpenter
Member
Jim Clemons
Treasurer
Erica Tang
Member
MaryValerie Reeves
Administration Team Lead
Christina Romero
Member
Nikki Thirasant-Meyer
Director, Meeting Arrangements
Ziad Aldahhan
Member
Jimmie Smith
Director, Member Attendance
Darya Bechtel
Communications & Public Relations Team Lead
Jimmie Smith
Professional Education Team Lead
Nikki Thirasant-Meyer
Director, Academic Relations
Adrien Dubourg
Director, CMA Certification
Ron Schmidt
Director, CPA CPE Compliance
MaryValerie Reeves
Membership & Marketing Team Lead
Lorna Winston-Blanks
Director, Corporate Development
Ron Schmidt
Director, Young Professionals
Team Members and Coordinators
Member Attendance Team
Joe Baze
Employment Coordinator
Jimmie Smith
Newsletter Editor
Carmen Hunt
Community Service Coordinator
Drew Mohr
Webmaster
C. D. Allen
Education Team
ter
Stephanie Carpen-
Yufen Huang
Texas Council Delegate
Christina Romero
Education Team
Martha Gibson
Texas Council Delegate
Ron Schmidt
Education Team
dez Sosa
Elizabeth Hernan-
Alternate Texas Council Delegate
Nikki Thirasant-Meyer
Academic Relations& Student Affairs Coordinator
Rosemarie DeMars
Academic Relations& Student Affairs Coordinator
Franziska Moberly
Academic Relations& Student Affairs Coordinator
Susan Rhame
Young Professionals Coordinator
Miguel Molina
Networking Events Coordinator
Rebecca Bogie
Networking Events Coordinator
Lori Burgess
The nominating committee will soon begin the process of putting together the team that will lead the
Dallas Fort Worth Area Chapter for the 2015-2016
Chapter Year (May 1, 2015 – April 30, 2016). Board
members have the opportunity to serve the chapter,
establish new relationships and build/develop new
skills.
The nominating committee would like to challenge
new members and members who have not served on
the board to consider doing so for next year. Current
board members are encouraged to continue their service to the chapter. If you are interested in serving on
the Board, please let Nikki Thirasant-Meyer know of
your interest. If you know of a chapter member who
you feel would be a potential candidate and has an
interest in serving on the Board, please nominate
them.
Nikki Thirasant-Meyer, [email protected], is the chairperson of the
nominating committee. Please contact
Nikki to let her know what position(s) you
would be interested in or to let her know of
someone you would like to nominate. In
addition, the committee will be contacting
members to ask him/her to serve in the
coming year.
The Board meets via a combination of conference calls and after the dinner meetings
September through April, and meets on a
separate date May through August. The
primary reason for the separate meeting in
May through August is to plan for the new
chapter year. This requires more time than
would be available after a dinner meeting.
Dallas Fort Worth IMA Habitat for Humanity
If you missed the Angel Tree volunteer opportunity due the busy holiday season, here is another chance to help people in need. The Dallas Fort Worth IMA Chapter is partnering Richardson Area Interfaith Habitat (RAIH) in its annual walk-a-thon to raise money for Habitat
for Humanity to be held February 28, 2015. Here is how it works. Sign up on the website
link to be provided and collect donations before the walk. Then show up with your donations
at the corner Floyd Road and Lookout Drive at the entrance to the University of Texas at Dallas (UTD) in Richardson. Registration is 8:30-9:30 am. Parking is available at the adjacent
UTD parking lot. The walk-a-Thon is 5 miles through the residential neighborhood around
UTD. RAIH will have stations along the route stocked the bottled water, fruit and energy
bars, and a t-shirt at completion. Your participation achieve three goals: raises money for a
very worthwhile purpose, helps the chapter make its’ community service points, and helps
you fulfill that New Years’ resolution to get more exercise. The link below gives more details
about the mission of Habitat for Humanity. http://www.dallasareahabitat.org/web/guest/home.
A recent article in the Wall Street Journal discusses the impact of the rising cost of land on
the operation of Habitat. http://www.wsj.com/articles/habitat-for-humanity-retools-gameplan-1418164114?KEYWORDS=habitat+for+humanity
Signup details and donation forms are available on the Chapter website.
Sign up at http://www.signupgenius.com/
go/4090b4faeac2e5-dallas1

Pay registration fee: $15 per walker at http://
www.dallasima.com/thankyou_pay_WalkAThon.htm

Print off a Habitat Sponsor Form available at http://
www.dallasima.com/events.htm

Signup people to sponsor you / or just make a donation to
Habitat. Donate at http://www.dallasima.com/
thankyou_pay_WalkAThon.htm

Location: 1135 West Lookout Drive, Richardson, TX 75080 (House across from
the UTD entrance)
Contact us for more information
about our services and products
Dallas Fort Worth Area IMA Chapter
PO Box 612084
Dallas, Texas 75261
Visit us on the web at
http://www.dallasima.com/
IMA Chapter Competition Standings – Stevenson Division
(Chapters with 125+ members), 5/1/14 - 12/31/14
1) Minneapolis
2) Dubai – UAE
3) South Central Indiana
4) Detroit
5) Portland
6) Dallas Fort Worth Area