Paul L. Walker, Ph.D., C.P.A.

Professor, Accounting and Taxation

Professor Paul L. Walker is the Schiro /Zurich chair in Enterprise Risk Management. He is a CPA and a member of the AICPA, IMA, IIA, and FEI. Walker has professional work experience in banking, in public accounting, as an auditing and fraud expert witness, and as a consultant. Walker has been published in the Journal of Accountancy, Financial Executive, Decision Sciences, Accounting Horizons, Auditing: A Journal of Practice & Theory, Management Accounting Quarterly, and The Accounting Review. Additionally, Walker co-developed one of the first courses on Enterprise Risk Management (ERM) and has done ERM training for executives and boards around the world. This training includes helping boards develop risk oversight practices, benchmarking ERM practices, advising organizations on ERM process development, and identifying black swans and unknown risks. He has also researched ERM at the headquarters of companies such as Wal-Mart, Microsoft, DuPont, Intuit, Harley-Davidson Inc., and others. He has written extensively on risk and ERM, including the books Improving Board Risk Oversight through Best Practices, Making Enterprise Risk Management Pay Off and Enterprise Risk Management: Pulling it All Together. He has also coauthored several articles on ERM including: “Is your Board Ready for ERM,” “The Strategic Advantage of ERM,” “Managing Risk: An Enterprise-Wide Approach,” “A Road Map to ERM,” and “ERM and the Strategy-Risk Focused Organization.” Walker also served as a visiting fellow at the London School of Economics Centre for the Analysis of Risk and was a consultant to COSO on their Enterprise Risk Management framework. Additionally, Walker was selected as a 2011 Deloitte CFO scholar. He is the executive director of the Center for Excellence in ERM.

Ph.D., Accounting, University of Colorado at Boulder
B.B.A., University of Texas Arlington

Select Publications
Journal Articles

Walker, P. L., and Pooser, D. (2015). Own Risk and Solvency Assessment: Origins and Implications for ERM. Journal of Insurance Regulation.

Walker, P. L., Shenkir, W. G., and Barton, T. (2015). Establishing a Risk Challenge Culture. Strategic Finance.

Walker, P. L. (2014). Enterprise Risk and the Board of Directors. Business Horizons.

Walker, P., Shenkir, W., and Barton, T. A risk management heat map for the U.S.. Financial Executive.

Walker, P., Shenkir, W. G., and Barton, T. (2012). Skipping the ERM Tune Up: Pay Now or Pay Later. Financial Executive.

Gates, S., Nicolas, J., and Walker, P. L. (2012). Enterprise risk management: a process for enhanced management and improved performance. Management Accounting Quarterly.

Catanach, A., Irving, J. H., Perry, S., and Walker, P. L. (2011). An ex post examination of auditor resignations. Accounting Horizons.

Barton, T., Shenkir, W. G., and Walker, P. L. (2010). A new look at ERM from crisis aftermath. Financial Executive.

Barton, T., Shenkir, W. G., and Walker, P. L. (2008). Managing the unthinkable event. Financial Executive.

Shenkir, W. G., and Walker, P. L. (2006). Enterprise risk management and the strategy-risk focused organization. Journal Of Cost Management.

Casterella, J., and Walker, P. L. (2004). Auditor industry specialization, client bargaining power, and audit pricing. Auditing: A Journal Of Practice And Theory.

Casterella, J., and Walker, P. L. (2000). Modeling the audit opinions issued to bankrupt companies. Decision Sciences (Journal of).

Walker, P. (1994). The Effects of Instruction and Experience on the Acquisition of Auditing Knowledge. Accounting Review.

Books

Walker, P. L. (2014). Becoming a More Strategic Auditor. Institute of Internal Auditors.

Shenkir, W. G., and Walker, P. L. (2007). Enterprise risk management: tools and techniques for effective implementation Statements on Management Accounting. Institute of Management Accountants.

Barton, T., Shenkir, W. G., and Walker, P. L. (2001). Making enterprise risk management pay off. Financial Executives Research Foundation.

Others

Walker, P. L., and Frigo, M. (2015). Future Role of the CFO.

Shenkir, W. G., and Barton, T. (2014). A Risk Challenge Culture. IMA and ACCA.

Walker, P. L., Shenkir, W. G., and Barton, T. L. (2011). Improving board risk oversight through best practices. Institute of Internal Auditors Research Foundation.

Shenkir, W. G., and Walker, P. L. (2006). Enterprise risk management: frameworks, elements, and integration Statements on Management Accounting. Institute of Management Accountants.