Mike Varney

Partner, Cannabis/Hemp Lead@Crowe

Mike Varney is a Partner in Crowe’s Risk Consulting practice with over 20 years of experience in Financial and Risk management.  He focuses on supporting clients within cannabis, manufacturing, auto and industrial production, and the bio pharma sector. Mike has worked with large multinational companies including pre-IPO clients in the development and transformation of their Internal Audit departments, as well as their internal control environments, and addressing risks within the supply chain structures. He has also published various whitepapers, sits on multiple committees within professional organizations at the national and local levels (IIA),  and is a frequent speaker on Internal Audit and how it can add value to organizations.

Deep Specialization

Internal Audit:  Mike has spent over fifteen years within the Internal Audit profession focused on supporting clients in the development of Internal Audit departments, transformation of Internal Audit departments, and execution of specific operational audit activities.  He is an active member in the Institute of Internals Auditors (IIA), both at a local level where he sits on the local chapters Board of Governors. He also serves on National committees helping to drive change within the profession and supporting members through local chapters around the globe.  He regularly presents on the value Internal Audit can bring to an organization through execution of operational and assurance Internal Audits.

Sarbanes-Oxley:  Mike has also assisted clients in various stages of SOX implementation from initial implementation to rationalization of programs. He also assisted a number of clients to address remediation of material weakness’s they had experienced.  He helps clients develop a practical program that also provides a value add to the business. 

Relevant Client Experience

Biotech IPO – 2,000 hour project: A clinical-stage gene therapy company. Mike is the overall Partner leading the successful SOX implementation including pre-existing material weakness remediation for the client. The work included assisting the client with developing their SOX framework, complying with COSO, remediating four pre-existing material weaknesses and coordinating corporate governance activities. 

M&D Internal Audit, SOX, and Accounting Advisory Project – 7,000 hour project:  Mike is the overall engagement Partner driving the Internal Audit transformation of a multinational industrial manufacture.  He is leading a team of both Crowe and client professionals in moving from a compliance focused Internal Audit department to one that is both compliance and operationally focused.  In the initial year of the engagement the organization was also addressing a material weakness resulting in previous years. As a result of the teams efforts, Internal Audit has enhanced their focus and has begun adding value from their efforts including successful remediation of the material weakness, and improved board reporting.