Category Archives for Vendor Risk Management

#003: How to Manage Vendor & Data Risk (and why it matters)

In this episode we’re joined by Rick Roybal, Vendor-Risk Management “activist”, author, and speaker. Rick has worked in the oil and gas industry for over 15 years and talks about the importance of having controls and systems in place to minimize risk financially and also in health and safety.


2:25 How a degree in Russian led Rick down his career path

4:16 What is the role of an auditor?

7:12 Why is vendor risk management so important

11:19 How audits have changed in times of COVID19

14:11 Data risk and cyber attacks

17:50 How often does ransomware hit the oil and gas industry?

24:32 When most companies bring in an auditor

26:55 Best procedures for companies to put in place if they can’t afford an ongoing auditor

31:24 The internal process when a company brings in an auditor

33:46 Vendor Roundtable

38:11 Next Vendor Roundtable meeting and how to register

About Rick Roybal:

Vendor-Risk Management “activist”, author, and speaker, Rick Roybal has worked in the oil and gas industry for over 15 years. His early career in technical writing fostered a desire for organizational policy and procedural development. Today, Rick is a project manager for Martindale Consultants. Rick also serves as the President and Chair of the Vendor Roundtable. Rick has earned three degrees: B.A. Russian, M.A. Linguistics, and M.B.A. Finance & Accounting. Rick is a Certified Fraud Examiner (CFE) and Certified Information Systems Auditor (CISA). 

Connect with Rick:

About SherWare:

SherWare creates software to simplify your accounting needs so you have more time to do the things that matter. We serve independent oil and gas operators, accountants and investors with a platform to manage their distributions and joint-interest billings on a platform — and we’re the only software on the market that can integrate with your QuickBooks company.

Click here to watch a demo of the software in action right now.

About COPAS:

COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.

Find a society near you.