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IIA Honors Noted Audit Leaders

New Inductees to American Hall of Distinguished Audit Practitioners Announced

ORLANDO, Fla. (March 20, 2017) — Four esteemed audit leaders from academia, business and government make up the 2017 class of the American Hall of Distinguished Audit Practitioners. The Institute of Internal Auditors (IIA) honored the newest inductees today before more than 1,200 attendees at the organization’s General Audit Management (GAM) Conference at the Gaylord Palms Resort in Orlando.

The honor, established in 2011, annually recognizes individuals who contributed significantly to the profession throughout their careers. It is the highest honor given by The IIA’s North American Board for personal accomplishments in the advancement of the profession.

To be considered, professionals must not only provide diligent service to their respective organizations, but advance internal audit through thought leadership, presentations at conferences or seminars, or service to The IIA in leadership roles.

The 2017 inductees to the American Hall of Distinguished Audit Practitioners are:

Larry Rittenberg, Ph. D., CIA – A former EY Professor of Accounting at the University of Wisconsin, Rittenberg’s esteemed academic career spans several decades. He currently serves as chair of the audit committee at Woodward, Inc., an aerospace and energy company. He has served in several leadership roles for The IIA, including serving as president of the Internal Audit Foundation, as well as serving on the oversight council for the International Professional Practice Framework (IPPF).

Rittenberg was the chair of the Commission of the Sponsoring Organizations of the Treadway Commission (COSO) for five years. During that time, COSO developed the principles approach to internal control and applied it to small business. He also served as a member of COSO during the development of the COSO Enterprise Risk Management Framework.

He currently sits on the Board of Trustees for the Internal Audit Foundation for a second time.

Throughout his career, Rittenberg has written for numerous publications, sharing his professional expertise with leading accounting and auditing journals. He is a recipient of The IIA’s Bradford Cadmus Memorial Award and Leon Radde Educator of the Year Award.

Paul Sobel, CIA, QIAL, CRMA – Sobel has been an active member of The IIA for more than 20 years. He has served on the Board of Directors for 16 years, including as IIA Global Chairman of the Board for 2013-2014. He also has served as president of The IIA’s Internal Audit Foundation.

Sobel has worked as a Chief Audit Executive (CAE) for four companies including his current position as CAE for Georgia-Pacific LLC. In 2012, he was recognized on Treasury and Risk magazine’s list of “100 Most Influential People in Finance.” He served on the Standing Advisory Group of the Public Company Accounting Oversight Board (PCAOB), as well as The IIA’s representative on the Pathways Commission, which developed recommendations to enhance the future of accounting education in the United States.

He has authored three books through the Internal Audit Foundation on various audit topics, is a frequent contributor to Internal Audit magazine and is a frequent speaker at industry conferences.

Jacqueline Wagner, CIA, CPA – Wagner has served as the CAE for several large organizations, including General Motors Co., Fannie Mae, and American Express Co. She currently works with EY in its Global Risk practice.

As a former IIA global chairman of the board from 2000-01, she testified with then IIA President Bill Bishop before the Securities and Exchange Commission on proposed auditor independence laws. Throughout her career, Wagner has remained an active participant in The IIA’s volunteer leadership organization. She has served numerous times on the board of trustees for the Internal Audit Foundation, as well as being a member for the North American Nominating Committee.

Wagner leads EY’s Women’s CAE Network and has been a strong advocate for advancing women in the profession of internal auditing throughout her career.

David Walker, CPA – Walker is a CPA with more than 40 years of public, private and nonprofit sector experience. He is a former Comptroller General of the United States and was CEO of the U.S. Government Accountability Office (GAO) for almost 10 years. His prior government experience, included serving as one of two public trustees for trust funds associated with Social Security and Medicare, as well as serving as the first chairman of the United Nations Independent Audit Advisory Committee for four years.

He currently serves as a Strategic Adviser for the Global Public Sector Practice at PricewaterhouseCoopers (PwC), where he advises public sector clients on transformation, performance and accountability, and financial restructuring. Walker has served on numerous commissions, panels, and task forces that focused on government reform and fiscal accountability throughout his career.

Walker is an author and frequent speaker, which includes testifying before Congress more than 300 times. He is an inductee of the International Accounting Hall of Fame and has been awarded the CPA profession’s highest medal by the American Institute of Certified Public Accountants. He has authored three books, including a national bestseller titled Comeback America: Turning the Country Around and Restoring Fiscal Responsibility.