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President's Report 

Dues Increase for 2001 (May 2000 - Word 23KB)


INFORMATION SYSTEMS AUDIT & CONTROL ASSOCIATION

ANNUAL GENERAL MEETING – 17 MAY 2001

PRESIDENT’S REPORT

INTRODUCTION

This is my last report as President as I will be standing down at this AGM. I apologise for not being able to give this report myself, but I have been called away on business at the last minute. My thanks to the Chapter Secretary for volunteering to give it on my behalf. I make this report on behalf of the entire London Chapter Board, but any omissions, or inaccuracies, are as a result my poor memory and not as a result of any shortcomings of the other members. This report covers the 2000 season, but as that is now so long ago, please forgive me if I bring in a few more recent events.

GENERAL STATE OF THE CHAPTER

It is with pleasure that I am able to report that in the 2000 season (January - December 2000) the Chapter exceeded 750 members for the first time. We remain the second largest Chapter in the world with only New York Metropolitan being bigger. We are also one of the most active with our programme of events far exceeding that offered by other Chapters. We are also financially sound as will be reported later by your Treasurer.

PUBLICATIONS

The monthly mailshot, quarterly Datawatch magazine and our continuous Web site (www.isaca-london.org.uk) are our main link with our members. Datawatch continues to win an award for best ‘newsletter’. One of the reasons that we do not call our monthly mailshot a newsletter is because it confuses International when they come to judging the various ‘newsletters’. Datawatch is so far ahead of the crowd that I have had requests from other Chapters to be included on the circulation list. Something that we may consider if we can sort out a suitable charging structure. You should also have noticed that our web site has improved dramtically in content and presentation due to the efforts of Allan Boardman, our Web Master. I suspect that if International offered an award for best Web site we would pick up that as well!

The success of all our publications is due to Annabel Lane, John Hunter, Bill Hawkins, who comprise our editorial team and Allan Boardman our Web Master. My thanks to them all.

EVENTS

Our programme of ten, free late afternoon events is widely perceived as providing some of the best value training available to IS auditors in the southern part of the UK. This is coupled with our chargeable training programme, which pound for pound provides by far the most cost-effective delivery of technical matters to be found in the UK. Taken together, these aspects of our Chapter service provide the capability of keeping IS auditors up to date on a wide range of issues and also enable those with the CISA designation to obtain the relevant CPE hours. Only about 10% of you make our montly meetings, but in most cases the speaker’s presentation material is available via our Web site, so ‘virtual ‘ attendance becomes possible, but without the benefit of the voice over. Our events during 2000 were handled by Karen Sharpe & Steve Bailey, supported by Jackie Bowles of KPMG for our evening events. My thanks to all three.

CISA

Over half of the Chapter are now CISA qualified and David Spaven who was responsible for CISA administration during 2000 was kept very busy by the increasing number of people who wish to sit the CISA examination. Our annual CISA Review Course, is always well subscribed. On average over 100 people from the Chapter take the exam each year with about 20% attending the review course. On average, the success rate for the Chapter is around 75% against a world wide average of just 54%.

SPECIAL INTEREST GROUPS

Bill Hawkins and John Hunter provide support to our various Special Interest Group (SIGs). The SIGs are fairly autonomous in that they run their own programme of events under the Chapter umbrella, but with John and Bill providing the necessary guidance. The Chapter currently has 2 active SIGs. The Fraud Prevention SIG and the Risk SIG.

RESEARCH & ACADEMIC RELATIONS

Kamal Khan is on the International Research Board and also provides the Chapter link to the various UK universities that offer IS Audit programmes.

MEMBERSHIP

Kamal is also responsible for membership liaison and those of you who forgot to renew your subscription will have received a gentle reminder from him.

TREASURY

Archie Watt, your Treasurer, keeps a careful eye on our income and expenditure and his report on the state of our finances will be presented separately. Having been in the Treasury hot seat myself I know that it is one of the more demanding roles on the Committee and my thanks to Archie for discharging the role with such efficiency.

CHAPTER ADMINISTRATION

We are one of the few Chapters to have a paid administrator, since we found some years ago that we could not administer such a large Chapter on a volunteer basis. Nancy Watt runs the Chapter office on a part-time basis and Charles Mansour provides the formal secretarial support to the Chapter, including the management of our monthly Board meetings. My thanks to both Nancy and Charles for their efforts.

SPONSORSHIP

Gerry Penfold, a past Chapter President has provided me with his usual calm and sound guidance when attempting to juggle the requirements of member service and financial stability. Gerry is a partner with KPMG and the Chapter relies very heavily on support from KPMG for hosting both the Board and some of the events evenings. Likewise, BDO provided us with the use of their training facilities for our chargeable events during 2000. ABN Hambro have been exceedingly generous in letting us use their superb meeting facilities for a number of our monthly meetings at a discounted rate. All these organisations ask nothing in return for what they provide. This pro bono support is most welcome and my thanks to all of these organisations for all the help that they provide and without which our membership dues would have to increase considerably.

CONCLUSION

The Chapter remains on a firm financial and administrative footing. This does not mean that your Board is complacent. As I step down from the Presidency and assume the ex-officio role of Past President, I will strive, in conjunction with the other members of the Board, to provide you with the best value of service that is possible.

John Mitchell

17 May 2001


INFORMATION SYSTEMS AUDIT & CONTROL ASSOCIATION

ANNUAL GENERAL MEETING –-18 MAY 2000

PRESIDENT’S REPORT

INTRODUCTION

I apologise for not being able to give this report myself and I am grateful for the Vice President volunteering to present it on my behalf (and also to field any questions!). I make this report on behalf of the entire Committee, but any omissions, or inaccuracies, are as a result my poor memory and not as a result of any shortcomings of the members of your Committee. This report covers 1999, but as that is now so long ago, please forgive me if I bring in a few more recent events.

GENERAL STATE OF THE CHAPTER

It is with pleasure that I am able to report that in 1999 the Chapter exceeded 650 members for the first time. We are the second largest Chapter in the world with only New York Metropolitan being bigger. We are also one of the most active with our programme of events far exceeding that offered by other Chapters. We are also financially, sound as will be described later by our Treasurer.

EVENTS

Our programme of ten, free late afternoon events is widely perceived as providing some of the best training available to IS auditors in the southern part of the UK. This is coupled with our chargeable training programme, which pound for pound provides by far the most cost-effective delivery of technical matters to be found in the UK. Taken together, these aspects of our Chapter service provide the capability of keeping IS auditors up to date on a wide range of issues and also enable those with the CISA designation to obtain the relevant CPE hours. Our events are handled by Steve Bailey and Karen Sharpe, supported by Jackie Bowles of KPMG for our evening events. My thanks to all three.

CISA

Over half of the Chapter are now CISA qualified and our annual CISA Review Course, administered by David Spaven our CISA co-ordinator, is always well subscribed. On average over 100 people from the Chapter take the exam each year with about twenty percent attending the review course. On average, the success rate for the Chapter is about eighty percent as against a worldwide average of just fifty-two percent. Derek Oliver, a past President of the Chapter and a current Committee member, is actively involved in setting the examination (so you know whom to blame!)

PUBLICATIONS

Apart from our monthly mailshot, which keeps you informed of forthcoming events, our quarterly magazine, Datawatch keeps on winning awards for best ‘newsletter’. One of the reasons that we do not call our mailshot a newsletter is because it confuses International when they come to judging the various ‘newsletters’. Datawatch is so far ahead of the crowd that I have had requests from other Chapters to be included on the circulation list. Something that we may consider if we can sort out a suitable charging structure. The success of Datawatch is in no small part due to Annabel Lane, John Hunter and Bill Hawkins who comprise the editorial team. You should also have noticed that our web site has improved in content and presentation due to the efforts of Allan Boardman, our Web Master.

SPECIAL INTEREST GROUPS

John Hunter and Bill Hawkins provide support to our various Special Interest Group (SIGs). The SIGs are fairly autonomous in that they run their own programme of events under the Chapter umbrella, but with John and Bill providing the necessary guidance. The Chapter currently has three active SIGs. The Network SIG has been established for three years, holding some four to five meetings per annum. The Fraud Prevention SIG and the Risk SIG have recently been formed with inaugural meetings in the last few months.

RESEARCH & ACADEMIC RELATIONS

Kamal Khan is on the International Research Board and also provides the Chapter link to the various UK universities that offer IS Audit courses. During 1999 the Chapter received an award for its support on the digital signatures project, which was in no small measure due to the amount of work put in by Kamal to make the resulting publication such a success.

MEMBERSHIP

Kamal is also responsible for membership liaison and those of you who forgot to renew your subscription will have received a gentle reminder from him.

TREASURY

Archie Watt our Treasurer keeps a careful eye on our income and expenditure and will be reporting separately on the state of our finances. Some of you may remember that a few years ago the Chapter suffered a financial crisis, but with Archie in charge there is no chance of that every happening again. Having been in the Treasury hot seat myself I know that it is one of the more demanding roles on the Committee and my thanks to Archie for discharging the role with such efficiency.

CHAPTER ADMINISTRATION

We are one of the few Chapters to have a paid, part-time administrator, but we found some years ago that we could not administer such a large Chapter on a volunteer basis. Nancy Watt runs the Chapter office on a part-time basis and Charles Mansour provides the formal secretarial support to the Chapter, including the management of our monthly committee meetings. My thanks to both Nancy and Charles for their efforts.

SPONSORSHIP

Gerry Penfold, a past Chapter President provides me with calm and sound guidance when things get fraught, as they so often do when attempting to juggle the requirements of member service and financial stability. Gerry is a partner with KPMG and the Chapter relies very heavily on support from KPMG for hosting both the Committee and the events evenings. Likewise, BDO, via Archie Watt provides us with use of their training facilities for our chargeable events, including the CISA review course. Deloittes & Touche, via Karen Sharpe kindly hosted the annual Committee dinner, which is the once a year reward that we offer ourselves, at no cost to you! All these organisations ask nothing in return for what they provide. This pro bono support is most welcome and my thanks to both KPMG, BDO and D&T for all the help that they provide and without which our membership dues would have to increase considerably.

CONCLUSION

The Chapter is on a firm financial footing and with the administration processes now in place I consider that our ability to service our members has never been better. This does not mean that I am complacent and I will constantly strive to provide you with the best level of service that is possible.

 

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