Vice President Internal Audit

MONICA FRAZER, CPA

Dallas, Texas 214-***-**** adt478@r.postjobfree.com https://www.linkedin.com/in/monica-frazer-cpa/

SUMMARY

Accomplished senior executive, with a successful record of facilitating enterprise risk management programs, leading high-performing teams in auditing high-risk areas, designing and implementing new processes to simultaneously drive forward production and motivate staff. Experience spans Big 4, private and not-for-profit as well as Fortune 100 companies.

CORE COMPETENCIES

Trusted Business Partner

Lead and Develop Large Teams

High-Performing Team Builder

Enterprise Risk Management

Constructive Evaluator

Risk and Governance

Results-Oriented Leader

Productive Coach and Mentor

Financial Controls

Logical Planner

IT/Financial/Ops/Audits

Big 4 Experience

Large System Implementations

Passionate Communicator

Profit and Not-For-Profit

EXPERIENCE

BAYLOR SCOTT & WHITE HEALTH, Dallas, Texas 2009- Oct 2022

Chief Audit Executive, Vice President, Internal Audit

Baylor Scott & White is the largest not-for-profit integrated healthcare system in Texas, with more than 40,000 employees. Evaluated risk and system of internal controls. Provided reasonable and cost-effective recommendations to correct control weaknesses. Facilitated an enterprise risk management program. Conducted periodic fraud risk assessments. Developed risk-based annual audit plan to cover financial, operational, information technology, and compliance risks and controls across the organization.

Led department of up to 15 auditors to conduct financial, information technology, and operational audits.

Identified and highlighted emerging risks, utilizing industry best practices, benchmarks, and innovative software to establish and monitor business risk management processes for improvement opportunities.

Led execution of the audit plan and ensured audit work was risk-based.

Conducted annual Model Audit Rule of financial reporting controls (SOX like) for Health Plan.

Assessed control design, identified gaps and evaluated controls to ensure they were operating effectively.

Coached and mentored new and experienced auditors.

Collaborated with other key risk functions, executive management and audit committee to foster open-ended dialogue regarding risk and controls.

Reduced external audit fees by assisting external auditors with fieldwork.

Presented quarterly results to audit committee.

CHILDREN'S MEDICAL CENTER, Dallas, Texas 2008-2009

Director, Compliance

Children’s Medical Center is a large pediatric health system in Dallas, Texas. Directed all aspects of the compliance program, including billing, tax, charity, purchasing, and physician contract compliance. Directed external reporting of internal investigations related to compliance with state, federal, and related rules and regulations. Developed, implemented, and monitored annual goals and objectives of compliance department. Responded to all complaints and concerns related to billing, physician contracting, and other areas.

Rolled out enterprise risk management process.

Began the program to evaluate arrangements with physicians.

Conducted audits on clinical trials, with Children's having 800 open clinical trials.

Led various committee functions related to billing and compliance.

TENET HEALTHCARE CORPORATION, Dallas, Texas 1995-2007

Chief Audit Executive, Vice President, Audit Services, 2004-2007

Vice President, Audit Services, 2002-2004

Director, Audit Services, 1999-2002

Manager, Audit Services, 1995-1999

Tenet Healthcare Corporation is a for-profit multinational healthcare services company based in Dallas, Texas. Through its brands, subsidiaries, joint ventures, and partnerships, including United Surgical Partners International, the company operates 65 hospitals and over 450 healthcare facilities.

Led teams of up to 33 auditors to execute the annual audit plan in financial, operational, and information technology.

Held responsibility for a large financial budget.

Established and chaired audit steering committee comprised of key members of senior management.

Implemented enterprise risk management process.

Served as a trusted business partner to various departments across the health system.

Presented quarterly results to audit committee.

Developed revenue integrity programs to ensure compliance with corporate and government regulations.

ADDITIONAL EXPERIENCE

ERNST & YOUNG, Dallas, Texas, Audit Manager, 1989-1995. Provided auditing services to initial public offering with $296 million offering for Dallas-based real estate developer. Prepared financial statements issued in connection with S-11. Performed financial statement audits of numerous real estate partnerships, corporations, and joint ventures, reporting on GAAP and tax basis. Conducted audits of hotel partnerships, land partnerships, mortgage bank, and holding company. Delivered oversight management and accounting services for 85 real estate subsidiaries of 20 thrift receiverships. Compiled monthly financial statements for subsidiaries, and prepared and presented cases to RTC for asset management and disposition.

ARTHUR ANDERSEN, Houston, Texas, Staff Auditor, 1988-1989. Performed audits for several corporations and partnerships engaged in oil and gas industry. Reviewed internal controls and made recommendations for improvement. Conducted substantive testing in financial statement areas. Gained experience with financial reporting requirements of SEC through review and preparation of 10-K, 10-Q, 11-K, 8-K, S-1, proxy statements, and prospectuses.

EDUCATION

TEXAS A&M UNIVERSITY, College Station, Texas

B.B.A., Accounting, 1988

CERTIFICATION

Certified Public Accountant, Texas, 1991

AFFILIATIONS

Institute of Internal Auditors, Board of Governors

Association of Healthcare Internal Auditors

Dallas Independent School District Audit Committee

University of North Texas Internal Audit Advisory Board

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