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). […]

Policies and Procedures: a Project for Internal Audit

Are Policies and Procedures important? We certainly think so, unfortunately many companies have old, outdated Policy and Procedure manuals while some have none at all. As companies and internal audit departments are planning projects, consideration should be given to reviewing and updating the Corporate Policies and Procedures. Policies and Procedures are a company’s way of […]

Board Director and Audit Committee Member Independence

Written by Sargon Youmara, Partner, Vonya Global Audit Committee Member independence as it relates to SOX section 301 definitions and SEC Rule10A-3 (specifically the definitions of “affiliate” and “affiliated person”) proves to be an area clouded by many shades of gray. In short, a clear and explicit definition of an “affiliated person” or “affiliate” is […]