Manager Vice President

STEPHEN E. SHELTON, CPA

*** ********* **** 214-***-****

Coppell, Texas 75019 ***************@***.***

SUMMARY OF QUALIFICATIONS

Internal Audit Leadership Big 4 Public Accounting External Audit Management

Sox Compliance & Internal Audit Committee Project Leadership

Controls Presentations

US GAAP, SEC Reporting & Systems Enterprise Risk Management Software Implementation/ERP

IT Audit, Data Privacy & PCI-DSS International Accounting Cost Reduction/Management

PROFESSIONAL EXPERIENCE

BLOCKBUSTER ENTERTAINMENT INC., Dallas, TX 2004-2010

Blockbuster is a NYSE-listed multi-national $5 billion video rental,

retail, online and trading company.

Senior Vice President Internal Audit

Responsible for worldwide Internal Audit function and Sox compliance;

reported directly to the Blockbuster Audit Committee and administratively

to the CFO.

. Established outsourced Internal Audit function and transitioned to 22-

person in-house staff.

. Led company wide fraud risk assessment project and developed fraud

investigation policy.

. Implemented electronic audit workpapers and high impact audit reports.

. Improved efficiency for SOX compliance activities and reduced costs by

50%.

. Developed risk assessment process and led value-added audits of Data

Privacy, Product Trading, Loss Prevention, Wireless Security, Blockbuster

Online and international accounting offices.

BELO CORP., Dallas, TX 1999-2004

$1.5 billion Belo Corp.published newspapers and operated 20 television

stations in 15 US markets.

Vice President Internal Audit

Responsible for 8-person internal audit function. Met regularly with the

Audit Committee of the Board of Directors and senior management.

. Provided leadership and direction for company's SOX control documentation

and testing activities.

. Re-engineered the audit process and developed the IT audit function.

. Improved quality of audits by expanding use of ACL audit software and

establishing regular data feeds from PeopleSoft.

. Introduced presentation-style audit reports using PowerPoint and color

graphics; implemented corporate compliance hotline; established guest

auditor program allowing operating unit personnel to participate on

regularly scheduled internal audits.

. Initiated best practices database and championed the

identification/dissemination of best practices.

. Served as Chairman of the News Media Internal Auditors Association.

SKYTEL COMMUNICATIONS (merged with MCI WorldCom), Jackson, MS 1998-1999

$1billion SkyTel provided nationwide advanced messaging and international

one-way paging services.

Vice President Internal Audit

Responsible for the worldwide activities of the internal and external audit

functions. Key member of SkyTel senior management team; met regularly with

Audit Committee of the Board of Directors.

. Coordinated and managed all Year 2000 readiness activities for SkyTel and

international affiliates.

. Increased audit productivity by over 30 %; conducted COSO training for

staff and chair of Audit Committee; led audit team responsible for

identification of $1 million in unbilled revenue.

. Initiated establishment of annual intern program for comprehensive

testing of revenue assurance and billing; formalized training and

implemented "mentoring" program.

COOPERS & LYBRAND, L.L.P., Dallas, TX 1996-1998

Merged with Price Waterhouse in 1988 creating, the largest "Big Four"

accounting firm.

Director Internal Audit Services

Responsible for the firm's Internal Audit practice in Texas.

. Assisted companies in establishing internal audit functions and

outsourcing existing departments; met with Audit Committees and Senior

Management; led consulting teams on internal audit, process re-engineering

and risk assessments.

. Directed major Life & Health Insurer audits covering policy issuance,

claims, reinsurance, and other key financial process areas.

. Managed the Internal Audit Department (staff of 7) on an interim basis

for Mass Transit Agency.

. Led fixed asset and corporate closing process improvement project

resulting in significant reduction in closing time and system performance

improvements for national PCS Communications Provider.

. Developed audit universe, customized risk model, and strategic plan for

internal audit function for Regional Supermarket Chain and a large-market

Radio Broadcast Company.

. Reviewed purchase requisition business requirements and developed

policies and procedures to improve control for multi-national Marketing

Research & Data base Company.

AMERICAN AIRLINES, Fort Worth, TX 1989-1996

Manager Corporate Audits

Responsible for leading financial and operational reviews for this $20

billion airline and all AMR subsidiaries. Audited international operations

including general sales agents; joint ventures; and related systems

development projects. Utilized dual background in IT Audit and developed

practical expertise in performing "integrated audits". Developed and

conducted training for airport general managers and international

Controllers. Directed staff of 13 professionals.

NORTHWEST AIRLINES, Saint Paul, MN 1983-1989

Manager Corporate & EDP Audit

Responsible for financial & EDP Audit planning, scheduling, recruiting and

administration. Directly supervised a professional staff of 7 financial

auditors and 2 EDP auditors.

SHELLER-GLOBE CORPORATION, Toledo, OH 1978-1982

Data Systems Auditor

Total responsibility for EDP Audit function at this $800 million Fortune

500 diversified manufacturer.

EDUCATION/TRAINING

MBA, Computer Systems, University of Toledo,Toledo, OH.

BBA, Accounting, University of Toledo, Toledo, OH'

Certifications:

Certified Public Accountant (CPA) 1993, State of Texas.

Certified Information Systems Auditor (CISA) 1982.

PROFESSIONAL AFFILIATIONS

. Experienced national speaker on Sarbanes-Oxley 404, consumer data

privacy, Audit Committee communications, fraud detection, and re-

engineering Internal Audit.

. Member of the University of Texas at Dallas Endorsed Internal Audit

Program Advisory Board

. Member of the University of North Texas Internal Audit Advisory Board

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