Information Systems Audit and Control Association Inc Group

“One of the chapters has board members with business relationships.”

“3 of the 26 chapters made changes to their organizing documents.”

“Information systems audit and control association (isaca) maintains a membership roster of individuals whereby the chapter leaders have access to their chapter membership roster; there is no corporate membership category. Anyone interested in the purposes and objectives of the association is eligible for membership. To be a member of a chapter, an individual must be a member of the international body first. Isaca's chapters' membership is characterized by diversity. Members of isaca's professional community live and work in 188 countries and run the gamut of job titles, including information system auditor, consultant, educator, information security manager, regulator, chief information officer, internal and external auditor, compliance officer, risk manager and student. Some are new to the field, while others are at middle management levels or senior ranks. They work in finance and banking, public accounting, hospitality, health care, government and the public sector, utilities, manufacturing and retail. Isaca chapter members embrace this diversity as providing a vast learning ground where they may delve into the challenges and opportunities faced by colleagues in other countries, positions or industries. Isaca chapters recognize that their members constitute an extensive and varied pool of expertise the chapters count on to help provide services and products that engender credibility and capability in their constituents. The more members, the more expertise; the more expertise, the better the ability to meet constituent needs. Isaca's members are the chapter's most valuable assets.”

“Members of chapters have the right to elect or appoint members of the governing body of each chapter.”

“Governing body decisions subject to approval 0 of 26 isaca chapters answered "no" to line 7b. The following information systems audit and control association (isaca) chapters answered "yes" to line 7b: atlanta chapter: changes to bylaws are subject to approval by members. Central maryland chapter: all chapter governance decisions are submitted by, voted upon, and approved by the board. We alert the members via our bylaw changes or email announcements. Central ohio chapter: members vote on bylaws amendments and isaca directors and officers. Charlotte chapter: members must vote on changes to the bylaws. Chicago chapter: significant bylaw changes are voted on by the chapter members. Denver chapter: isaca denver chapter members have voting rights on governance decisions including bylaws and budget items over $1000. Detroit chapter: members must vote on changes to the bylaws. Greater hartford chapter: members have voting rights to approve by-law changes and election results. Greater houston chapter: membership vote on the bylaws. Greater kansas city chapter: changes to the chapter bylaws are voted on by the members. Los angeles chapter: to amend the chapter bylaws, the chapter board must approve all bylaw changes and forward them to the membership division of the association with changes indicated. The association must approve all bylaw changes prior to them being submitted for a vote by chapter membership. Chapter bylaw amendments will be approved, at any chapter meeting, by a two-thirds (2/3) vote, provided that the amendment has been submitted in writing at the previous meeting, or has been mailed or e-mailed to the entire chapter membership at least ten (10) days prior to the meeting at which it will be considered. The membership division of the association will be advised that the bylaw amendments have been approved, and will be sent a copy of the approved version of the bylaws. If dissolution of the chapter becomes inevitable, these bylaws must be rescinded by a two-thirds (2/3) vote of the chapter membership after ten (10) days notice has been mailed to each member. Minnesota chapter: the elected board as chosen from the chapter's membership during its annual meeting is charged with making and managing all governance decisions on behalf of the chapter and its members. National capital area chapter: membership vote on the bylaws. New england chapter: membership vote on the bylaws and officers. New jersey chapter: members approve the budget at the agm. New york metro chapter: elections, and non-budgeted expenditures over 20k. North texas chapter: membership vote on the bylaws. Philadelphia chapter: election of chapter officers and changes to bylaws. Phoenix chapter: article x. Dissolution to effect dissolution of the chapter, these bylaws must be rescinded by a two-thirds (2/3) vote of the chapter membership after ten (10) days notice has been mailed to each member. In the event of dissolution, the chapter shall notify the chief executive officer of the association, in writing, indicating the reason(s) for dissolution and shall return the chapter charter and any other chapter or association documents to international headquarters. All net assets shall go to a welfare, education or civic project designated by the chapter membership, pursuant to section 501 (c) (6) of the us internal revenue code with the approval of the association's international president and chief executive officer. Article xii. Amendment of chapter bylaws the chapter shall forward all bylaws changes to the association, with changes indicated, as the association membership board must give approval to all bylaws changes prior to submitting for vote by the chapter membership. The chapter board shall conduct a periodic, ideally annual, comparison of the chapter practices to the bylaws. The chapter board must ensure the compliance of the bylaws with the association's bylaws and applicable country requirements. These bylaws may be amended at any regular meeting b”

“The 2017 form 990 for information systems audit and control association (isaca) chapters was prepared by cohnreznick llp (cohnreznick), based upon information provided by isaca and isaca chapters. This document summarizes the review points and availability associated with the returns. The data for the return were compiled based on information prepared for 2017, as provided to isaca international headquarters by isaca chapters. This information was submitted to cohnreznick for preparation of the returns. In addition to the financial information received, the narrative explanations of program accomplishments and policies provided by isaca, appropriate isaca staff provided chapters with isaca-relevant information relevant to their role as an isaca chapter. Cohnreznick had an opportunity to raise questions about governance and other issues, and request additional information as needed. Upon completion of the return, several layers of review were conducted: - initial review of return: the initial review of the completed return was completed by the respective staff within the finance department. - senior management review: following the initial review, applicable members of the management team were provided a copy of the return for review. As the return represents a group return for all of the isaca chapters within the united states, the final review is not reviewed by all us chapter board members. It is important to note that the information provided by each chapter to complete the return is attested to by the president and treasurer for each respective chapter.”

“Most chapters have a conflict of interest policy that officers and directors are required to sign off on annually. Any board members with conflicts are expected to excuse themselves from voting on the matter.”

“Information made available to the public 28 of the 28 isaca chapters make their governing documents (bylaws and/or articles of incorporation), conflict of interest policy, and financial statements available to the public: atlanta chapter central maryland chapter central ohio chapter charlotte chapter chicago chapter denver chapter detroit chapter greater hartford chapter greater houston chapter greater kansas city chapter los angeles chapter minnesota chapter national capital area chapter new england chapter new jersey chapter new york metro chapter north texas chapter philadelphia chapter phoenix chapter pittsburgh chapter puget sound chapter san francisco chapter sc midlands chapter silicon valley chapter south florida chapter virginia chapter west florida chapter willamette valley chapter”

“The majority of the chapters have the same policies and procedures, however, several have minor differences.”

“The beginning balance sheet for the current year does not agree with the ending balance sheet from the prior year's form 990. This difference arises because the chapters with over $50,000 in gross receipts vary from year to year. The chapters included in the group return for the year ended december 31, 2017 are not the same chapters included in the prior year tax return.”

“Net asset difference -93,742.”