Lay a tray with tortilla chips on a piece of baking paper.
Warm the olive oil in a nonstick frying pan over medium heat and start cooking the soaked soy flakes in the pan.
Sprinkle all the seasonings and stir until combined.
Finally, stir in the tomato sauce and mix until combined. Cook for 5 more minutes.
In the meantime, in a large blender place in the raw soaked cashews, water, nutritional yeast, salt and pepper to taste, onion powder, garlic powder, chili powder, sriracha sauce and dried oregano.
Top the cooked soy flakes on top of the nacho cheese and drizzle some of the nacho sauce.
To serve sprinkle in some freshly chopped parsley.