Cybersecurity Risk

Cybersecurity Questions for Internal Auditors

Cybersecurity is big news these days and deservedly so, as cybersecurity risks are at an all-time high. Any mention of cyberattacks, cyberthreats, cybersecurity, cyberbreach, cyber-this, or cyber-that, gets immediate headlines. If you think that your company has not been a target of a cyberattack, it likely has, you’re just not aware of it. As an […]

IPO Readiness

IPO Readiness: A Corporate Governance Perspective

While 2016 was a comparatively slow year for initial public offerings, the expectation for 2017 is much more positive as economies grow stronger. As members in the Private Equity and Investment Banking community know, filing the appropriate paperwork with the SEC is just one step in long process. There are numerous Corporate Governance considerations for […]

IIA Standard 1312 QAR

IIA Standard 1312: Independent Quality Assessment Review of Internal Audit (QAR)

The Institute of Internal Auditors’ International Standards for the Professional Practice of Internal Auditing (“Standards”) Section 1312 requires that an external assessment of the internal audit department be conducted at least once every five years by a qualified, independent assessor from outside the organization. This external assessment evaluates the internal audit department’s conformance with the […]

Social Media Risks

Social Networking Carries Real Compliance Risks

Written by Steven Randall and Veronika Fritz, Partners, Vonya Global Between all the bathing suit selfies and Worldwide Wrestling fan pages, social media seems, well, silly and inconsequential. It becomes less silly when the FDIC or FTC come knocking because they caught you sneaking an ad into your blog post, or an advisor made a […]

Reporting Fraud to SEC

New Norms For Reporting Fraud To The SEC

Written by Steven Randall, Partner, Vonya Global Prior to 2013, the Securities and Exchange Commission (SEC) had permitted companies in fraud cases to settle without admitting to any wrongdoing; this meant that even in serious cases of accounting fraud, companies could simply walk away without admitting their malfeasance despite the loss of millions on the […]

Auditing Ethics

Guidelines for Auditing Ethics and Compliance Programs

Written by Steven Randall, Partner, Vonya Global Auditing ethics and compliance programs ensures that an organization “walks the walk.” This is the way any business can safeguard itself against fraud by seeing that the practices that exist in its daily operations match up with the procedures it espouses in its policies and code of conduct. […]

Protecting Customer Data 5 Steps

Protecting Customer Data: Five Things You Can Change Now

Written by Steven Randall, Partner, Vonya Global There have been several recent examples of the damage that poor data protection can cause even very powerful companies: just ask Sony, Home Depot, or Target. Trouble protecting consumer data can cost a company more than bad publicity. Lawsuits, fines, and permanent loss of business are all likely consequences […]

Bring Your Own Device

Risks and Rewards of a Bring Your Own Device Policy

Written by Steven Randall, Partner, Vonya Global Today most people can’t imagine getting through the day without their mobile devices, and many employees expect to be able to use their personal electronics at work. In fact, even if your employees really aren’t supposed to use their own devices for work purposes, chances are good that […]

Fraud Prevention for Venture Capital and Private Equity

Written by Steven Randall, Partner, Vonya Global It happens all the time, human capital / resource constraints at start-ups and small to medium sized companies limit the ability to have a robust accounting and finance staff. In most cases one person is typically responsible for many tasks. When these tasks overlap, like: reviewing and paying […]

Construction Audit

Using Audit to Reduce Costs of Major Construction Projects

Written by Steven Randall, Partner, Vonya Global Organizations involved in major capital projects are missing out on significant opportunities to reduce costs. This is not to say that construction managers are fiscally irresponsible, conversely they are very reluctant to spend money where it is not absolutely necessary. So much so that in an effort to […]