Internal Audit

Weaver’s internal audit services allow businesses of all sizes to take full advantage of knowledgeable internal audit professionals and subject-matter resources across a range of industries. Our teams are fully dedicated to assessing risk, executing internal audits and working with management to help drive sustainable improvements. We also provide insight into overall organizational performance and how processes and internal controls ultimately shape those outcomes. Weaver can be engaged to either fully own the internal audit function within your organization as an outsourced provider or alongside your existing internal audit function in a cosourcing capacity to help deliver the internal audit plan and provide resources and skills where needed.

As a public company required to be fully SOX-compliant, a private company looking to become publicly fit or an organization looking to implement and maintain portions of SOX for best practices in corporate governance, Weaver can support your journey. With more than a decade of SOX-related experience, we have developed a scalable and cost-effective approach designed to support compliance efforts at all stages. Our professionals can work with your business to assess SOX readiness, develop required SOX controls documentation, perform necessary controls testing and assist with ongoing monitoring. We maintain a focus not only on compliance but overall efficiency and effectiveness. We also regularly fine-tune and nurture SOX compliance activities to manage scope, avoid potential unforeseen difficulties and ensure long-term sustainability.

The rapid pace of innovation and change across the business landscape has presented opportunities as well as challenges for the internal audit profession. Many companies have found it difficult to balance innovation and embrace disruption while still meeting their key mandates and core processes. Our internal audit transformation services can assess your existing internal audit function and help you conceive of what it may look like tomorrow. This comprehensive methodology offers a complete objective view, from mandate and perceptions of the business to competencies and skillsets of your team, and benchmarks comparing your efficiency and technological adaptation. By applying an internal audit maturity framework and engaging with your stakeholders, we are able to assess and identify your strengths and weaknesses, provide recommendations on next steps to drive meaningful improvements to your function, and assist you in defining a strategy that is actually fit for purpose; no more and no less.

Our internal audit cosourcing and special projects service can help your organization by bringing targeted, experienced resources tailored to your particular needs. Whether you need a specific, subject-driven IA project, unique scope, or additional resources to support your most critical schedules, we can supplement your teams by providing customized support. Weaver’s deep, experienced IA team is dedicated to working solely with internal audit organizations and stakeholders to provide insights on risks and deliver value-added results. Digital solutions such as data analytics, industry-tailored risk assessments or custom IA support like management/advisory requests or investigations or other customized IA support, are services our internal audit co-source professionals can provide to help you meet your IA mandate.

Internal audit functions may engage in a quality assurance review at different points in their lifecycle, whether preparing for an upcoming external quality assessment or seeking an independent party to perform the review itself. Weaver supports both scenarios. We help internal audit teams assess readiness, identify gaps and align practices with the Institute of Internal Auditors International Professional Practices Framework (IPPF) ahead of an external assessment. Our team also performs independent quality assurance reviews, providing an objective evaluation of conformance, practical observations and clear reporting to support continuous improvement and stakeholder confidence.

If your bank is approaching $5 billion in total assets and looking to become FDICIA-ready, already in excess of that threshold and required to be FDICIA-compliant or simply looking to implement and maintain portions of FDICIA for best practices in corporate governance, Weaver can help. With more than a decade of FDICIA-related experience, we have developed a scalable and cost-effective approach designed to support compliance efforts at all stages. We can work with your bank to assess FDICIA readiness, develop required FDICIA controls documentation, perform necessary controls testing and assist with ongoing monitoring. Our team focuses not only on compliance but overall efficiency and effectiveness. We also work with banks to establish repeatable, right-sized FDICIA processes that support strong governance while remaining adaptable as regulatory expectations and the organization evolve.

Weaver supports companies that are approaching threshold limits in direct written premiums, already more than that threshold or simply looking to implement and maintain portions of the model audit rule (MAR) as a best practice. With extensive MAR-related experience, we have developed a scalable and cost-effective approach designed to support compliance efforts at all stages. We can work with your company to assess MAR readiness, develop required MAR controls documentation, perform necessary controls testing and assist with ongoing monitoring, maintaining compliance and overall efficiency and effectiveness. Our team also regularly fine-tunes and nurtures MAR compliance activities to manage scope, avoid potential unforeseen difficulties and ensure long-term sustainability.