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PITI-VITI News Items
Island Governments Address Audit and Workforce Challenges at IGFOA 2024 Winter Meeting
19 December 2024
Monique
Leadership Course
Plenary Session: Leadership, Motivation and Accountability for High Performance Auditors + Business Etiquette in an Instant Information World
August 30, 2021
Michael Binder
Virtual
Regional
Leadership, Motivation and Accountability for High Performance Auditors
Great audit organizations need leaders who see their role differently than just being super auditors. This highly interactive course will help audit staff cross the threshold toward becoming super leaders by understanding what makes a good leader, how to motivate others, and create an environment of accountability for high performance. This session will examine the traits, characteristics and styles of successful managers and leaders that can be learned and practiced, as well as why people in leadership positions often fail. We will explore ways to inspire and motivate staff through constructive coaching, growth opportunities and appreciation. This session also explores the communication tools, approaches, and techniques to inspire a new level of performance accountability, self-awareness and commitment through empowerment and ownership.
Business Etiquette in an Instant Information World
The proliferation of computes, smart phones, and other digital devices combined with easy internet access has created a brand new world in which the old rules of business etiquette are no longer adequate. Is texting during a business meeting rude? Are “all caps” messages alarming to recipients? Should you be Facebook friends with coworkers? This workshop offers insights into potential problem areas along with best practices for professional presentation in an online world.
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Leadership Course
Plenary Session: Explaining Audit Results to Policy-makers + Love Triangle - Audit Risk, Internal Control, and Sampling
August 27, 2021
Drummond Kahn
Virtual
Regional
Explaining Audit Results to Policy-makers
In this session, participants will learn theories and practice tools to present audit and finance results to policy-makers. They are busy, they have many tasks, and we can explain complex topics to them clearly. From Greek theories on communication to presenting with clear information and context, we'll cover time-tested tools that will help you get to the basic message sooner and inform governing groups about the important results of our audit and finance work.
Love Triangle - Audit Risk, Internal Control, and Sampling
Audit risk, internal control, and sampling are key components to any audit. It is important not only to understand each of those aspects, but also to understand how they relate to each other. We will examine the various components of audit risk and internal control and how those may impact sampling.
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Audit Course
Effective Audit Resolution, Follow-up and Implementation
August 26, 2021
Michael Binder
Virtual
Regional
Audit resolution, follow-up, implementation, and reporting is a responsibility shared by the audit organization, the auditee organization follow-up coordinator and action officials. This responsibility is described in a variety of laws and OMB Circulars to provide a basis for accountability of the audited entities in responding to audit recommendations, reaching resolution and implementing the agreed upon corrective actions to reduce the risk of loss, improve operational performance and financial integrity in all levels of government.
This course will explore the statutes, guidance and standards for audit recommendations, resolution, follow-up progress, monitoring and reporting. It will also define the roles and responsibilities of the audit organization and those designated to perform follow-up, implementation and congressional reporting and budget submission functions.
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Finance Course
Performeter -- Review and Update
August 26, 2021
Frank Crawford
Virtual
Regional
The Performeter is an analytical tool that takes a government’s financial statements and converts them into useful and understandable measures of financial performance. The Performeter uses financial ratios and a copyrighted analysis methodology to arrive at an overall rating of 1-10, which indicates the overall financial health and performance of a government.
Since 2002, PITI-VITI has been developing Performeters annually for each of the insular areas. As a result, multiple years of cumulative data is now available for each government. In addition to being able to track overall scores, the Performeter can also be used to track individual trends within ratios: Net Assets, Fund Balances, Revenue Dispersion, Intergenerational Equity, etc. This session will describe the Performeter tool, highlight recent results by insular area, and consider next steps for island governments' financial health and performance.
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Audit Course
The Performance Audit Tool Belt- Re-Thinking and Imagining Performance Audit Methods
August 26, 2021
Kip R. Memmott
Virtual
Regional
Performance auditing is both and art and a science. Performance auditors are generalists who deploy advanced interdisciplinary based methodologies and tools to “interpret realty” in order to execute effective root cause analysis necessary to develop objective audit conclusions and strong recommendations. This session “audits” common and emergent performance audit methodologies including the strengths and weaknesses of methods and strategic cost-benefit considerations. Learning objectives include a discussion of standards of evidence, auditor competency and skill requirements as well as the importance of investing in tools. The session highlights data analytics as a powerful and emergent tool in the auditor tool belt and highlights several case examples including an entertaining story about how auditors brought down a fraud scheme in Oregon.
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Photo Gallery
Photos from recent activities hosted by the Pacific and Virgin Islands Training Initiatives (PITI-VITI) in support of conferences, training and leadership development, are available below.
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