Investment Training and Consulting Institute, Inc.

Audit Principal – Barbara Davison CIA, CIDA, CISA, FLMI

Barbara Davison is currently President and Audit Principal of the Investment Training and Consulting Institute, Inc. (ITCI), located in Overland Park, Kansas. ITCI provides training and consulting in the areas of Investments, Derivatives, and Risk Management to Management, Operations and Auditors.

ITCI is dedicated to training and assisting auditors in conducting their investments and derivatives audits through a very popular and successful co-sourcing arrangement with internal audit. Over the last decade, ITCI has been globally recognized as the company that has developed the niche expertise in this highly complicated area and has consulted or trained for more than 1,000 companies in various industries. In 2001, ITCI began sponsoring the highly specialized certification program, Certified Investments and Derivatives Auditor, for investment auditors, which is now recognized in 32 different countries.

Barbara is a distinguished faculty leader for the International Institute of Internal Auditors, where she has served for more than 20   years. She is a Certified Internal Auditor, Certified Information System Auditor, Certified Investments and Derivatives Auditor, a Fellow of the Life Management Organization and the author of five books on investment and derivative auditing: “Auditing Investment Activities,” “Auditing Derivatives Strategies,” “Auditing Merger and Acquisitions Strategies,” “Understanding and Auditing Investments and Derivatives,” and “The CIDA Review Book.” Barb has obtained her Series 7 and Series 65 from the National Association of Security Dealers (NASD).

Previously, Barbara was vice president of a financial institution where she directed investment operations for the general account and mutual funds. Her responsibilities also included portfolio management of two mutual funds, which were part of a $7 billion portfolio. Prior to her seven years in investments, Barbara was Manager of Internal Audit for six years, where she was responsible for the management of corporate audit activities, computer security, information systems audits and assisted in new business strategies.