Moving Internal Audit Forward FINAL030125 by Weaver

Moving Internal Audit

MODERN RISK MANAGEMENT SOLUTIONS

In today’s dynamic landscape, internal audit stands as a vital function, indispensable for effective management, governance and risk mitigation. To be truly effective, internal audit should be risk-based, value-oriented and aligned to organizational strategy and objectives.

Weaver’s advisory services can help your organization by bringing targeted, experienced resources tailored to your internal audit and risk management 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 with our collaborative approach.

A MODERN PERSPECTIVE FOR CURRENT CHALLENGES

The business environment today seems to speed up and change happens faster than ever before. Emerging risks can impact organizations rapidly and strategic initiatives can change quickly. The velocity of change in business today means that effective Internal Audit is stretched further, working on a broad mix of audit and advisory engagements that support the overall strategic objectives of the organization, ensure compliance, and support effective risk management. We see that Internal Audit departments are obtaining and incorporating data and input from a wide variety of stakeholders in establishing an internal audit plan each year that focuses on the most meaningful things that add value to the organization and aide those charged with governing the organization. Internal Audit projects can be identified based on requests from the Board or Audit Committee, as well as Senior Management, associated with strategic initiatives, changes, concerns, and critical risks relevant to the organization in the current environment.

Building the audit plan each year should incorporate input from key shareholders and include a balance of Audit and Advisory projects.

Design

■ Third Party Risk Management ■ Cybersecurity maturity assessment ⊲ Effectiveness ■ Operational efficiency and compliance audits ■ Safety

Corporate compliance assessments ⊲ Emissions calculation and reporting ⊲ System implementation reviews and integration

Continuous monitoring/ RPA

Internal audit relationships involve more than numbers and findings. It is a relationship based on trust, execution and value.

BUILDING THE ANNUAL INTERNAL AUDIT PLAN

Building the annual internal audit plan is a collaborative and intentional process, and Weaver stands ready to support your evolving needs. When your engagement requires a tailored approach, our advisory services spanning ESG consulting, IT operations, cybersecurity, digital transformation and beyond allow you to adapt to emerging challenges and unexpected developments. Working together, we effectively leverage the diverse industry experience and sector-specific insights from our team to identify areas for exploration and improvement. We understand that the path to a robust audit plan begins with a thorough understanding of your operational activities, and as we transcend conventional boundaries, our advisory team will support the development of an organic and critical framework for operational excellence and sustained success. At the heart of our approach, we bring a dedication to value-added solutions that empower both audit committees and management alike. Weaver ensures your annual audit plan serves as a catalyst for organizational resilience with solutions tailored to your industry.

This broad mix of internal audit and advisory engagements can result in stretched internal audit teams that need assisting in the form of audit-specific skillsets and deep industry and topical knowledge.

ESG Consulting

IT Operations

Cybersecurity

Enterprise Risk Management

Forensic Investigations

Technical Accounting

Digital Transformation

Third-Party Risk

Taxes (Federal & SALT)

Global Internal Audit Standards/QAIP

WHY WEAVER?

Weaver’s Advisory Services team is recognized for its breadth and depth of experience, from internal control evaluations over individual processes to complete enterprise risk management. We bring many years of experience facilitating implementation of annual internal audits for a wide variety of government and private sector clients. We have professionals with skills in many subspecialties and industries, including governmental internal audits and compliance, financial institution compliance, IT controls and security, forensic accounting, insurance and more.