Weiser's approach to internal audit starts with a Risk Assessment. We have found that understanding the enterprise risk is the key component to developing a complete internal audit plan that is designed to help Management mitigate the impact of the Company’s risks.
Our internal audit plans hone in on the real issues that management face in today’s global economy. We avoid “check-the-box” auditing, and focus on value-add services. Our team strives to extend management’s reach offering consultative solutions that improve the business. All the while, we provide independent perspective on best practices for risk management and internal controls.
Our deployment model is flexible in that we can provide a resource team that balances the cost and benefits of the function while providing our clients with a variable cost that can “flex’ with changes in the business.
CASE STUDY
A leading specialty retailer with multiple stores engaged Weiser as their outsourced Internal Audit solutions provider. Our initial risk assessment identified issues with certain store operations. We deployed a store audit process that led to improvements in core operating procedures that helped to reduce inventory shrink. During the project, we deployed subject matter experts to evaluate the issues and recommend solutions. The recent slowdown in the retail segment impacted our client. In response, we “flexed” our model and reduced the audit scope and related cost in an effort to team with our client in the economic downturn while keeping our eyes on the risks of the Company.
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