Strengthening ERM: A Key to Success in a Volatile Environment

Anand Bhakta
Anand Bhakta AuditBoard

On-Demand Webinars

Webinar Speakers

Anand Bhakta is the Sr. Director of Risk Solutions at AuditBoard, a cloud-based software platform to help streamline and automate internal audit and compliance activities and a Principal at SAS, a boutique firm focused on Information Technology (IT) Controls and advisory services. He has over fifteen years of IT audit and consulting experience. Anand specializes in risks and controls related to the implementation of ERP systems, and he has helped various multinational companies evaluate and/or implement application controls in ERP systems including Oracle Financials, SAP, and PeopleSoft. Anand is recognized for his ability to develop and implement auditing and data analysis tools. Additionally, he has assisted clients comply with Sarbanes-Oxley from both an advisory and attestation perspective. Anand graduated from the University of Southern California (USC) with a degree in Accounting and Information Systems. Previously, Anand was an executive at Ernst & Young LLP in the Technology and Security Risk Services (TSRS). In his role at Ernst & Young LLP, he designed and developed procedures and tools to help clients perform continuous monitoring, as well as evaluate Segregation of Duties controls. Anand is an experienced trainer and has designed and conducted multiple technical training sessions including Oracle application controls, data analysis, Sarbanes-Oxley Compliance, and IT general controls.


Description

More companies are developing formal risk management programs, yet the 2019 State of Risk Oversight study by AICPA and the ERM Initiative at North Carolina State University's Poole College of Management found that just 23% of respondents consider their organization's risk oversight “mature” or “robust,” and less than 20% think it provides strategic advantage. This session will allow attendees to anticipate the challenges of developing a mature Enterprise Risk Management program, explain the value proposition of a risk mature organization to business stakeholders, assess their organization's level of risk maturity, and take home actionable best practices to develop or advance an ERM program in today's volatile risk environment.

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