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References in periodicals archive ?
* Inge Boets is a Belgium-based partner at Ernst & Young, specializing in business risk services.
Scot Clover, a partner with Ernst & Young's business risk services group sums up the process: "We ask: 'What are the company's goals and objectives?
Explaining the need for the service, Grant Thornton Bahrain business risk services partner Sunil Thakkar said, "As disruption in the marketplace gets accelerated, organisations are increasingly looking to adopt technology and automation solutions to improve efficiency, streamline processes and increase productivity in their businesses.
Sanjay Agrawal, Senior President - Business Banking of YES Bank, and Vikas Gambhir, Director, Business Risk Services at Grant Thornton, provided knowledge support.
Fee pressure is driving practitioners' interest in firm differentiation through services, such as offering internal control assistance and business risk services. Adding new services is not without risk, because it creates diversification challenges.
ionRISK will become the key part of Essextec's newly established Business Risk Services division, the buyer's president, Jim Torney, said.
Birmingham-based Lorna Barry, associate director in Grant n Thornton's business risk services team, said: "Manyn companies were aware w of some of the risks they facea dina downo tun rn butu were still inadequaq tea ly prepared to deal with thi em.
Six of the dozen are joining Birmingham's audit team, four in corporate or private client tax and one each in business risk services and recovery and reorganisation.
E & Y's Global Leader of Business Risk Services, Tom Bussa, said, "If foreign listed companies had been relying on an extension from the SEC and an extension was not forthcoming, many of them would have had no room to maneuver, so now is not the time to ease off; companies must still keep a foot on the gas and can learn from their U.S.
MANAMA: Grant Thornton Abdulaal announced the appointment of Sunil Thakkar as the associate director for business risk services.
Dave Munton, office managing partner, said: "Lorna and Karen bring a wealth of valuable experience to our business risk services department, which has grown from strength to strength over the last couple of years and for which we see significant opportunities given the challenges currently faced in both the private and public sectors.
Eddie Best, a Midlands-based partner in the business risk services team at Grant Thornton, said: "In the current climate of financial stress and fear of covenant failure, it is a major concern if audit committees and their chairmen are not sufficiently experienced in the latest accounting standards and practices to provide an effective challenge to the work of finance teams and auditors.
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