Visual Risk IQ to Partner with Vonya Global: Providing Data-Driven Audit Services

Feedback from the Continuous Auditing Life Cycle workshop that we did with Vonya Global in Chicago was very positive; consequently, we have developed a partner relationship with them to market and deliver two services specifically focused at helping audit executives recover costs and increase margins during challenging economic times.  

The services analyze historical purchasing and sales transactions looking for overpayment, contract pricing variations, and other operational and compliance issues.  Clients benefit from tangible recoveries, while also receiving advice on monitoring controls that can be used to prevent future errors.  

On Point Data Analytics(sm), the first service provided by the two firms, is directed primarily toward internal audit and executives responsible for Governance, Risk and Compliance.  On Point Data Analyticcs analyzes client's data in the context of an internal audit project, thus providing hands-on audit software training while accomplishing specific audit objectives.  The service also includes an assessment of an organization's capabilities and readiness for continuous auditing.   

On Point Continuous Controls Monitoring (sm), the second jointly provided service, is designed to help companies understand the value of more in-depth and frequent monitoring solution.  The services includes an in-depth analysis of historical transactions using a best-in-class continuous monitoring tool, and identifies operational and compliance issues along with improvements that can prevent future errors.  

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Bookmark this blog to read case studies and client profiles that highlight examples of cost recovery and other savings that have paid for the services many times over.