Greetings from the Barbados Chapter of the IIA!

Transcription

1 Happy New Year!! Greetings from the Barbados Chapter of the IIA! We hope that all members had a wonderful season and we look forward to an exciting and prosperous 2017! We invite you to view the DRAFT schedule for the first half of our upcoming 2017 calendar: Date Activity 27 Jan Chapter Afternoon 23 Feb CAE Forum 1-3 Mar Beginning Auditor Tools and Techniques seminar 25 Mar Annual General Meeting Apr IIA North American Leadership Academy 21 May Church Service 27 May 2 nd Annual IIAB Games Evening

2 IIA Global Certifications and Qualifications IIA Certifications & qualifications help you drive your career forward by: Enhancing your skills and knowledge. Helping you gain credibility and respect in the field. Increasing your earning potential. Demonstrating your understanding of and commitment to the practice of internal auditing.

3 Chapter Achievement Program [CAP] Statistics at December 2016 Total Number of Members 131 Total CAP points earned 1, Service to members Service to profession Chapter administration A chapter must earn the minimum CAP points in the footnote below to qualify for an achievement level. Subsequently, the chapter could then obtain either of the following awards: Bronze 685 points Silver 1,060 points Gold 1,560 points Platinum 10 consecutive years of gold IIAB is on track to earn its 3 rd consecutive gold award with points left to be earned by May The CAP program ensures that the IIA s standards of performance are adhered to. Minimum required: 1-325; 2-200; 3-160

4 Take Control of Your Finances Part 1 This is the time of year when lots of people will be making resolutions. The IIAB has a few tips to assist you with your financial goals: 1. MAKE YOUR GOALS REALISTIC If you did not save tons of money within the last 10/20/30 years, chances are that the 2017 version of you will not magically gain the will power and dedication to do so. Set yourself a realistic target that you can look forward to achieving and gradually work your way towards stretch goals.

5 Take Control of Your Finances Part 2 2. SET PRIORITIES As history has shown us, we won't achieve a million resolutions in one year. Select the goals that need to become high priority. Do you need a vehicle to get around? Then saving money would become a higher priority. Know which of your goals are priority so that you don't sacrifice what is important for something trivial.

6 Take Control of Your Finances Part 3 3. HAVE A DETAILED PLAN Vague goals tend not to achieve results. Do you need to save $5,000 for that vacation in October? That means you need to save $500 every month. How does this fit into your current budget? What expense will you have to cut? If you can't cut any expenses, can you earn the additional income? If you ask yourself the hard questions and you come up with a solid plan to achieve them, you're more likely to stick to your goal.

7 Take Control of Your Finances Part 4 4. SET DISINCENTIVES FOR BREAKING YOUR GOALS Devise a plan to make it difficult to break off your goals. Set up obstacles that make it unpleasant to deviate from the plan. It can be as simple as transferring your savings to a fixed deposit account that is physically inconvenient to access or incurs penalties if you dip into it. Do everything that is necessary to ensure that you maintain your goals!

8 Take Control of Your Finances Part 5 5. CHECK IN ON YOUR PROGRESS FREQUENTLY Set up periodic reminders to monitor the progress that you have made, be it daily/weekly/monthly. You should not be finding out when your goal becomes due that you are short. The sooner you realize this, the more likely you will be able to correct it. In closing, simply remember that it is never too late to take control of your finances! Krystle Howell, CIA, CPA, ALMI IIAB Chapter Secretary

9 T-Shirt Orders Remember that you can order your very own IIA Barbados T-shirt, polo or casual shirts! The prices are as follows for the below colour options from Small to Extra Large: White Navy Blue Light Gray Black Members Non-member T-Shirt BBD BBD Polos BBD BBD Dress shirts BBD BBD Simply send an to at your convenience.

10 IIA Board Members Name Position Eric Small President Esther Griffith Vice President Selene Coward Treasurer Krystle Howell Secretary Ronnie Norville Immediate Past President Joy-Ann Bascombe Governor Marika Hillaire Governor Jamar Jones Governor Andre Knight Governor Donna Miller Governor Judith Nelson Governor Henderson Turton Governor