Risk and Compliance

Enterprise risk management (ERM) provides a framework for identifying, assessing and managing risks that could affect strategic objectives, operations, financial performance and technology. As organizations grow, enter new markets, adopt new technologies or respond to changing business and regulatory conditions, risks can become increasingly interconnected and difficult to manage through individual functions or processes.

Weaver works with organizations to establish and strengthen enterprise risk management programs that provide a more comprehensive view of risk and clearer priorities for management. Based on recognized frameworks such as COSO ERM 2017 and ISO 31000, our approach evaluates internal and external risks across the organization and can identify significant risks that may be overlooked or underappreciated.

Using risk libraries, key risk indicators (KRIs) and key performance indicators (KPIs), our team connects risk information to strategic goals, prioritizes mitigation efforts and establishes processes that support ongoing monitoring and long-term risk management maturity.

Organizations may need to reassess risk as they grow, adopt new technologies, respond to regulatory requirements or make significant operational changes. A risk assessment can help management identify where exposure is increasing, establish clearer risk priorities and determine where mitigation efforts can have the greatest impact.

Whether assessing risk at the entity or process level or focusing on a specific function, risk assessments serve as the foundation for an overall risk management program. They can also help organizations meet operational objectives, compliance requirements and strategic business planning goals.

Weaver uses a highly collaborative approach to risk assessments, involving management and key stakeholders from the start to build organizational buy-in and consensus around risk priorities. Our team can also apply data analytics tools to identify and evaluate key risk indicators, providing additional insight into areas of exposure. This approach enables organizations to focus mitigation efforts where they are needed most and strengthen overall risk management maturity.

Third-party and vendor risk management provides a structured approach to identifying, assessing and monitoring risks associated with suppliers, service providers and other external organizations. As reliance on third parties grows, organizations can face increased exposure to cybersecurity threats, operational disruptions, regulatory obligations and risks related to vendors’ financial stability.

Weaver works with organizations to conduct vendor risk assessments and due diligence reviews, evaluate third-party cybersecurity and operational risks, identify control gaps and strengthen supplier risk management practices. This can include assessing vendors before engagement and establishing continuous monitoring processes to identify changes in risk throughout the relationship.

A structured approach to third-party risk management can provide greater visibility across the vendor ecosystem, strengthen oversight and allow organizations to address emerging risks before they disrupt critical operations.

Contract compliance helps organizations determine whether contractual terms, pricing agreements and performance obligations are being executed as intended. Contracts are central to managing revenue, costs and accountability across third-party relationships, but inconsistent execution can lead to financial leakage, control gaps and increased compliance risk.

Weaver’s contract compliance services use independent reviews and structured assessments to identify overpayments, missed rebates, reporting discrepancies and gaps in service-level enforcement. These reviews can uncover opportunities for revenue recovery and cost avoidance while providing greater visibility into vendor performance and accountability. By identifying where contractual commitments are not being met, organizations can address financial exposure, strengthen oversight and realize greater value from complex agreements.

Grant monitoring and compliance helps granting agencies and funding recipients manage compliance risk, strengthen accountability and demonstrate that grant funds are used appropriately and in accordance with program requirements, regulations and reporting obligations. Effective oversight can also help recipients maintain eligibility for future funding opportunities.

From research and development funding to disaster recovery aid, grants typically carry detailed requirements governing how funds may be spent, documented and reported. Weaver works with granting agencies, pass-through entities and grant recipients to address these requirements throughout the grant lifecycle.

For granting and pass-through agencies, our team can design, implement and operate a grant monitoring program that evaluates whether funds are spent on allowable costs and recipients comply with grant terms. For grant recipients, we can also establish processes and training, so employees understand funding requirements, use funds appropriately and meet reporting obligations.

Financial institution compliance supports banks, credit unions and other financial organizations in managing regulatory obligations, strengthening compliance management systems and addressing compliance-related risks. Financial institutions operate under extensive requirements that affect lending, deposits, financial crime prevention and other critical areas of their operations.

Weaver’s banking services professionals work with institutions to assess regulatory risk and evaluate the processes and controls supporting their compliance programs. Our services include compliance risk assessments, compliance management system evaluations and audits covering BSA/AML compliance, OFAC compliance, CRA compliance, fair lending compliance, lending and deposits.

Through these assessments, we identify gaps, assess regulatory expectations and provide recommendations to improve the efficiency and effectiveness of compliance activities.

Weaver’s performance audit services evaluate how effectively organizations manage resources to achieve intended outcomes, with a focus on economy, efficiency and effectiveness. Conducted in alignment with Government Auditing Standards, performance audits go beyond internal controls to assess whether programs, operations and systems deliver measurable results and serve stakeholder needs. Our team brings deep experience applying these standards, complemented by knowledge of IIA Audit Standards and COSO frameworks, to deliver a holistic approach tailored to your needs.

Our team integrates people, processes, technology and data to identify root causes, quantify impact and uncover opportunities for improvement. Through risk-focused planning, data-driven fieldwork and collaborative validation, we develop recommendations focused on identified risks and opportunities for improvement. This can strengthen accountability, enhance transparency and support continuous improvement across complex, high-impact areas.

Construction audit services address financial and compliance risk by validating project costs, evaluating contract compliance and strengthening oversight throughout the construction lifecycle. Complex contracts, significant project expenditures and multiple stakeholders can increase the risk of billing errors, unsupported costs and gaps in project controls.

Weaver’s professionals review construction invoices and supporting documentation to validate costs and determine whether charges align with contract terms. We can also assess the procedures and controls supporting internal construction and project management processes to identify areas to improve oversight.

Drawing on our understanding of the construction industry, we help organizations identify potential cost discrepancies, strengthen contract and financial controls and improve accountability for construction spending.

Asset management consulting services help investment advisors and asset managers address regulatory compliance requirements, strengthen governance and manage operational and compliance risks. Evolving regulations, complex investment strategies, digital assets, industry consolidation and pressure on costs and resources can create new risks and increase demands on compliance and governance functions.

Weaver’s Asset Management Consulting team works with retail and alternative asset managers to evaluate regulatory compliance programs, governance structures, internal controls and risk management processes. Our internal audit, regulatory compliance, risk and management consulting services enable them to identify gaps, respond to regulatory expectations and strengthen the processes supporting effective oversight.