Audit Department Strategy for Responding to the Current Pandemic Crisis

Anand Bhakta
Anand Bhakta AuditBoard
Scott Madenburg
Scott Madenburg AuditBoard

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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.

Scott Madenburg is a market advisor and subject matter expert in audit, risk, and compliance with over 20 years of experience. He has advised organizations on transforming programs through top-tier processes and technology solutions.

He has held leadership roles at Arthur Andersen, Fox Entertainment, News Corporation, Rovi Corporation, and Mobilitie, where he specialized in operational and IT audits, internal controls and SOX compliance, risk management, business process optimization, and system implementations. As Chief Audit Executive at Mobilitie, he established a dynamic internal audit function focusing on control readiness, risk management, and cybersecurity compliance.

Before founding ARCHybrid, Scott was a senior market advisor at AuditBoard, helping organizations optimize their programs with AuditBoard’s connected risk platform. At ARCHybrid, Scott fosters collaboration among audit, risk, and compliance professionals, empowering growth and innovation across the industry.


Description

As many forward-thinking and contemporary auditors are aware, business continuity issues won’t stop with the Coronavirus. These process breakdowns will result in new negative risk events being triggered, which will have a compounding effect on your organization’s ability to increase market share, drive revenue, create new products and services, manage human resources, and maintain costs. Now more than ever, our organizations will need to rely on internal audit departments to provide assurance on the organization’s critical processes and departments responsible for managing and mitigating key risk events.

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