What's Happening?
Global accounting and advisory firm Forvis Mazars has promoted UAE-based Akshat Prakash to Partner in its Risk Consulting business. Prakash has been with Forvis Mazars for six years, contributing significantly to the development and expansion of the Risk Consulting practice. His expertise spans risk management, internal audit, operational transformation, and corporate governance, advising clients across the Middle East, Asia, and the US.
Why It's Important?
Prakash's promotion reflects the growing importance of risk consulting in today's business environment, where companies face increasing challenges related to compliance, governance, and operational risks. His leadership is expected to enhance Forvis Mazars' capabilities in delivering strategic risk management solutions, which are crucial for businesses navigating complex regulatory landscapes. This move also highlights the firm's commitment to recognizing and advancing talent within its ranks.
What's Next?
As a newly appointed partner, Prakash is likely to focus on expanding Forvis Mazars' risk consulting services, potentially exploring new markets and sectors. His role will involve driving innovation in risk management practices and strengthening client relationships. The firm may also look to leverage his expertise to develop new service offerings that address emerging risks in the global business environment.
Beyond the Headlines
Prakash's promotion underscores the broader trend of increasing demand for risk consulting services, driven by factors such as regulatory changes, technological advancements, and geopolitical uncertainties. This development may lead to a shift in how firms approach risk management, emphasizing proactive strategies and integrated solutions that align with business objectives.
