Protiviti Hosts Global Leader Bob Hirth in a Session on Emerging Risks for Business in 2018

NEW DELHI, February 20, 2018 /PRNewswire/ --

Protiviti India Member Firm recently organized an interactive session with Global business leader and an expert on Enterprise Risk Management (ERM) framework, Bob Hirth around the theme of 'Emerging Risks for Business in 2018 and the New COSO ERM Framework' at the Leela Ambience Hotel, Gurgaon.

Bob Hirth, Immediate Past COSO Chair and Senior Managing Director, Protiviti speaking during the session said, "The updated COSO ERM Framework offers a fresh perspective on current and evolving concepts and application of ERM to meet the ever growing business needs. It clarifies the importance of the connection between risk, strategy and enterprise performance, and focuses on preserving and creating enterprise value with an emphasis on managing risk within the entity's risk oversight."

The session led by Bob emphasized the importance of having a sound ERM framework in strategic and operational planning to counter the effect of risks emanating from geopolitical and regulatory changes, promulgation of new accounting standards rapid technological advancements like blockchain, emergence of crypto currencies, and proliferation of cyber threats.

Sanjeev Agarwal, Managing Director, responsible for member firm operations in India & Middle East said, "Resistance to change is perhaps the most pertinent risk that the organizations face today. While the wave of disruptive technologies promises to transform our personal lives, business models and organizational practices, it also brings along with it new challenges for risk professionals. Advances in analytics, machine learning and technological capabilities can prove effective to not only to manage emerging risks but also to bring about efficiency and effectiveness in the way we look at more traditional risks. Protiviti's Data Analytics and Digital Transformation Solutions open up various paths for Risk and Internal Audit Leaders to transform the way they identify, evaluate and manage risks."

Interacting with business leaders at the event, Subrata Bagchi, Senior Managing Director, Protiviti India Member Firm stated, "ERM is not a function or a department. It is as an aggregate of culture, capabilities and practices that integrate strategy with tactics to protect, create and realize value in any organization."

To emphasize the need of ERM in today's business environment, Protiviti recently published survey on Executive Perspectives on Top Risks for 2018 in collaboration with the Enterprise Risk Management (ERM) Initiative in the North Carolina State University Poole College of Management. The detailed report can be accessed from the link below:
https://www.protiviti.com/IN-en/insights/protiviti-top-risks-survey

About Protiviti 

Protiviti is a global consulting firm that delivers deep expertise, objective insights, a tailored approach and unparalleled collaboration to help leaders confidently face the future. Through its network of more than 70 offices in over 20 countries, Protiviti and its independently owned Member Firms provide clients with consulting solutions in finance, technology, operations, data analytics, governance, risk and internal audit.

Protiviti has served more than 60 percent of Fortune 1000® and 35 percent of Fortune Global 500® companies. The firm also works with smaller, growing companies, including those looking to go public, as well as with government agencies. In India, Protiviti's Member Firm (Protiviti India Member Private Ltd.) is a leading provider of business consulting, internal audit, risk management, technology, tax and regulatory, financial reporting and IFRS advisory, forensic and fraud investigation, information management, managed business services, digital transformation and transaction services.

Protiviti is a wholly owned subsidiary of Robert Half (NYSE: RHI). Founded in 1948, Robert Half is a member of the S&P 500 index.

For more information:
Tushar Singh
[email protected]
+91-8800511577