Cyber Threats – Knowledge is Prevention

Written by Steven Randall, Partner, Vonya Global There are many articles and reports published on the top risks that the organizations are facing today and the emerging risks for future. While regulatory risk, IT risk, strategic risk, and environmental risk among others seem to be the most common, cyber crime is a risk that can’t […]

Law of Unintended Consequences Revealed – Chicago Public Schools Example

Written by Steven Randall, Partner, Vonya Global Almost everyone has heard of Murphy’s Law… that’s the one that states: “Anything that can go wrong, will go wrong, and then some.” It is also called the Law of Unintended Consequences, especially when it pertains to a decision you have to make. A number of years ago […]

Risk Materialized??? Controls Untested!!!!

Written by Steven Randall, Partner, Vonya Global In the video clip above a woman is walking up Michigan Avenue in Chicago. Why she decided to ignore the sidewalk and walk up the middle of the street is anyone’s guess. The video only captured a small portion of her solo parade which actually lasted for many […]

What is the problem with Big Data and Data Analytics?

Written by Steven Randall, Partner, Vonya Global Big Data is all the rage these days. From research and development, supply chain management, mergers and acquisitions, global expansion, marketing and advertising, and even Risk Management, Big Data drives Big Decisions. Within the realm of Risk Management, Big Data allows for the opportunity for organizations to run […]

Investors Beware: Accuracy in Financial Reporting is Not Important

Written by Steven Randall, Partner, Vonya Global The NASDAQ has announced that it is withdrawing their recent proposal requiring listed companies to have an internal audit function. Those who aggressively fought against the proposal are celebrating. Those who supported the proposal are significantly disappointed. Internal Audit is one of the essential pillars of corporate governance. […]

Musings From A Do-It-Yourself Mistake

Written by Steven Randall, Partner, Vonya Global And A Lesson For Chief Audit Executives This was a beautiful weather weekend in Chicago.  The conditions were ideal, mid 80’s temperature, low humidity, and plenty of sunshine.  It was likely one of the best weather weekends Chicago will have this entire year.  It was perfect for enjoying […]

International Operations – When Something Doesn’t Seem Right

Safeguard Your Assets and Protect Your Investment You have built your company into an international powerhouse. Whether through organic growth or through acquisitions, you have operations in other parts of the world. While nothing is perfect, business has been humming along. You’re hitting your growth numbers – which in this economy is saying something – […]

Internal Audit Maturity Model: A Better Way To Evaluate Internal Audit Departments?

Written by Steven Randall, Partner, Vonya Global Compliance with the Institute of Internal Auditors International Standards for the Professional Practice of Internal Auditing is a requirement for Internal Audit Departments around the world. As most already know, compliance is validated through an External Quality Assessment completed by an independent third party (such as Vonya Global). […]