For Immediate Release
Contact: Jessica Trzyna or Ray Weiss
443.621.7690 or jtrzyna@weissprassociates.com
NEWPORT NEWS, VA (8/22/11) – Witt Mares, PLC, a regional accounting and consulting firm serving clients throughout the Mid-Atlantic, announced today the endorsement of WolfPAC Integrated Risk Management® (WolfPAC®) by the Virginia Bankers Association (VBA).
WolfPAC® was developed by Boston-based Wolf & Company – a leading CPA and business consulting firm – to help banks automate and analyze their risk and controls for IT, privacy, vendor, regulatory compliance, and other operational risk assessments, and view centralized results across the enterprise. Through a partnership with Wolf & Company, Witt Mares is the exclusive distributor of WolfPAC® in Virginia.
“The WolfPAC® solution offers Virginia banks an affordable and easy to follow template and process to assist with the entire enterprise risk management function,” said John Bowers, Director of Member Services for the Virginia Bankers Association. “The program allows the bank to start with a specific functional area and either begin the effort or allow the bank to migrate existing work into an orderly and integrated solution. The Virginia Bankers Association is excited to partner with Wolf & Company, P.C. and Witt Mares, PLC to endorse WolfPAC®.”
“WolfPAC® reduces the time traditionally required for this type of enterprise-wide assessment and simplifies the task of keeping risk information current and accurate,” says Harvey L. Johnson, CPA, manager at Witt Mares, PLC. “WolfPAC® represents a true solution for executives responsible for Enterprise Risk Management, and we’re pleased to bring this dynamic resource to members of the VBA through our partnership with Wolf & Company, P.C. and the VBA’s endorsement of WolfPAC®”.
The WolfPAC Integrated Risk Management® solutions, available through Witt Mares, include:
- Information Technology Risk Assessment
- Customer Information Risk Assessment
- Regulatory Compliance Risk Assessment
- Vendor Risk Assessment
- Financial Reporting Controls Assessment
- Business Continuity Risk Assessment
- Operational Risk Assessment
- Enterprise Risk Assessment
About Witt Mares, PLC
With a long history dating back to 1979, Witt Mares, PLC is a regional accounting and business consulting firm headquartered in Newport News, VA. The firm also has offices in Fairfax, Richmond, Norfolk, and Williamsburg. Witt Mares provides its clients a broad range of business services in the areas of audit and accounting, tax planning and preparation, pension plan design/administration, merger and acquisition consulting and investment management.
About WolfPAC Integrated Risk Management
WolfPAC Integrated Risk Management® is a secure, web-based enterprise risk management solution used to automate the identification of risks, threats, and control gaps. WolfPAC® keeps institutions safe and sound, and maximizes the outcomes of strategic initiatives. Developed by financial professionals in 2004, who were among the first to understand enterprise-wide risk assessment and implement risk management programs, WolfPAC® provides tools to review and monitor information technology, privacy, vendor, compliance, and other enterprise-wide risk assessments. Quarterly methodology updates are designed to align with emerging compliance and examination standards. A robust suite of reports allows an institution’s management to analyze their control gaps in relation to known threats, align with the institution’s strategic objectives, and benchmark risk profiles against peers.
About Wolf & Company, P.C.
Wolf & Company, P.C. is a leading certified public accounting and business consulting firm, with offices in Boston and Springfield, Massachusetts and Albany, New York.
Wolf & Company’s financial institution practice is one of the largest in the Northeast, providing assurance, tax, risk management, and business consulting services to over 200 institutions. As the firm enters its second century, Wolf clients receive direct involvement from owners and senior management, as well as responsive service from a multi-disciplinary team. With clients ranging from DeNovo to $10 billion in assets, Wolf & Company’s collaborative service strategy enables the development of a deep understanding of clients and their business needs in order to maximize opportunities while navigating potential obstacles.
About the Virginia Bankers Association
Established in 1893, the Virginia Bankers Association is the unified voice for commercial and savings banks in Virginia. The VBA maintains an active legislative advocacy program, provides training to bankers statewide, and provides a variety of products and service to help its member banks best serve their communities.
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