Vonya Global is an international consulting firm specialized in internal audit, risk management, and corporate governance. The firm is focused on providing Knowledge Leadership in internal control and superior Client Service.

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Vonya Global Gazette - The Vonya Global Gazette is regular publication of Vonya Global providing topical information and links to interesting articles. The Vonya Global Gazette is a free publication

Vonya Global Gazette v1n1 - Increased Fraud Risks During Economic Downturn

Vonya Global Gazette v1n2 - Using Audit to Reduce Costs of Major Construction Projects

Vonya Global Gazette v1n3 - Changes in Business Can Compromise the Effectiveness of Internal Controls

Vonya Global Gazette v1n4 - Mak - Making Inventory an Asset in a Challenging Economy

Vonya Global Gazette v1n5 - How Internal Audit Can Add Value in the Not-for-Profit World

Vonya Global Gazette v1n6 - An Introduction: Identifying and Responding to Business Risks Efficiently

Vonya Global Gazette v1n7 - Data Analytics: Providing Great Audit Depth during a Turbulent Economy

Vonya Global Gazette v2n1 - The Fraud Penetration Study – A Proactive Response to Fraud Risk

Vonya Global Gazette v2n2 - Construction Auditing – the Foundation to Risk Management and Internal Control

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Other News - Additional news items of note from sources other than Vonya Global.

Drug testing halted at San Francisco police crime lab after employee allege... Drug testing halted at San Francisco police crime lab after employee allegedly ...San Jose Mercury N... Publ.Date : Wed, 10 Mar 2010 06:53:14 GMT+00:00 Audit Reveals Weak Finance Management - Bru Direct Brunei News, Brunei Headlines from Brunei fmAudit Reveals Weak Finance ManagementBru DirectThe Actin... Publ.Date : Tue, 09 Mar 2010 22:53:52 GMT+00:00 Strickland backs NAACP on school audit - Cincinnati.com Strickland backs NAACP on school auditCincinnati.comSince that first problem was discovered, CPS'... Publ.Date : Wed, 10 Mar 2010 00:51:38 GMT+00:00 Palm Beach County beefs up auditing efforts - Palm Beach Politics (blog) Palm Beach County beefs up auditing effortsPalm Beach Politics (blog)They reinforce policies giving ... Publ.Date : Wed, 10 Mar 2010 00:35:59 GMT+00:00 NAACP, Baptist Ministers request audit of Cincinnati Public Schools - Cinci... NAACP, Baptist Ministers request audit of Cincinnati Public SchoolsCincinnati Business CourierIn lat... Publ.Date : Tue, 09 Mar 2010 19:42:24 GMT+00:00 Jorge Oseguera becomes the new city auditor - The Sacramento Press The Sacramento PressJorge Oseguera becomes the new city auditorThe Sacramento PressMayor Kevin Johns... Publ.Date : Wed, 10 Mar 2010 06:10:46 GMT+00:00

The following links are news articles, releases, and other information relvevant to internal audit, fraud, risk management, or corporate governance from Vonya Global.  Please feel free to add Vonya Global to your RSS feeds.  To do so, follow this link and click on "Subscribe to this feed." You can also click here to check out the Vonya Global Blog! or HERE to follow us on twitter.

Corporate Crime Task Force Created
It was announced on November 17th that President Obama's administration has created a Corporate Crime Task Force. U.S. Attorney General Eric H. Holder Jr. said, "Mortgages, securities and corporate fraud schemes have eroded the public's confidence in the nation's financial markets and have led to a growing sentiment that Wall Street does not play by the same rules as Main Street."

Looking for Ghost Employees in a Retail Environment
Payroll Fraud, specifically “Ghost Employees” can create a significant financial burden on companies. How much? Well, according to Occupational Fraud and Abuse, by Joseph T. Wells, Obsidian Publishing Co. Inc., Ghost Employee Fraud has the highest median loss relative to all payroll fraud schemes at $275,000 per case.

Investors Opposed to Further SOX Delays
The House Financial Services Committee is considering two amendments to either delay or repeal the requirement for SOX 404(b). The first would require separate studies by the Government Accountability Office and the Securities and Exchange Commission to evaluate the costs and benefits of complying with Section 404(b) for non-accelerated filers. The second would exempt all companies with less than $700 million in market capitalization from Section 404(b).

Vonya Global Introduces Pro Bono Construction Contract Review
A construction contract will include a variety items such as project description, projecttimeline, cost estimate, payment terms, documentation requirements and sections on insurance and indemnification. However, the contract should also include certain provisions to specifically protect the owner’s interest.

Vonya Global Releases Final Report of the Executive Survey on the Strategic Plan for Fraud Prevention and Fraud Detection
Vonya Global surveyed Executives and Internal Auditors from private, public, and not-for-profit organizations, spanning many industries to gather opinions on strategic planning for fraud prevention, fraud detection, and fraud deterrence. Historically, there have been several studies conducted about fraud and fraud statistics, but none that deal directly with the strategic plans to manage fraud risks.

Vonya Global Introduces the Fraud Penetration Study – Finds Fraud Within 24 Hours
Officially launched early in 2009, the proprietary Fraud Penetration methodology developed by Vonya Global is one of the few truly proactive approaches to fraud prevention and detection. The Fraud Penetration Study is the application of specific audit procedures to detect fraud in a core business system. Initial client tests have shown that the Fraud Penetration Study finds instances of fraud within the first 24 hours.

Vonya Global Releases Final Report of the Executive Survey on the Strategic Role of Internal Audit
Vonya Global surveyed a cross-section of Executives and Internal Auditors from both public and private organizations in a variety of industries to evaluate their opinions regarding the strategic role of internal audit. The survey asked questions to determine first whether it is internal audit’s role to evaluate strategic risks and secondarily if internal audit is equipped to do so effectively. The primary goal was to provide a benchmark for Internal Auditors and Executives on the strategic role of internal audit.

Vonya Global Launches Specialized Consulting Practice for Shipping Industry
Vonya Global has created a suite of consulting services to assist shipping companies in meeting a variety of their compliance, accounting, tax, and IT needs. Specifically these include: Sarbanes-Oxley compliance services, Internal Audit Outsourcing, M&A Due Diligence, and IT and Accounting Department Support Services.

Vonya Global Awarded Exclusive Rights to SOX OnPOINT™
The US Patent and Trademark office has awarded Vonya Global the exclusive rights to SOX OnPOINT™. SOX OnPOINT™ is Vonya Global's proprietary methodology for helping companies comply with the requirements of Section 404 of the Sarbanes-Oxley Act of 2002.

In a Changing Business Environment, Vonya Global Helps Clients Maintain Effective Internal Control
If we have learned anything from Sarbanes-Oxley, it is that internal controls have to be effective. However, changes in business creates a dynamic control environment. As changes occur, control design is often compromised, sometimes with significant consequences.

Vonya Global Helps Reduce the Costs of Major Construction Projects
Organizations involved in major capital projects are missing out on significant opportunities to strengthen internal controls and reduce overall project costs. Not only will investing in audit early in the construction process save thousands or hundreds of thousands of dollars throughout the project, it enhances the control environment and mitigates the risks of other cost overruns. More info.