SLIDE CACP TAMBAHAN Materi Risk Management

Risk management

1. Risk Management needs to offer an integrated approach to the evaluation, control and monitoring of these four types of risk

2. Ten Imperatives for Internal Auditors Play a Leading Role Anticipate the needs of stakeholders Develop forward-looking risk management practices Continually advise the board and audit committee Be courageous Beat the Expectations Gap Support the business’s objectives Identify, monitor, and deal with emerging technology risks Enhance audit findings through greater use of data analytics Go beyond The IIA’s Standards Invest in Excellence Invest in yourself Recruit, motivate, and retain great team members Sumber: “IIA CBOK Report: Driving Success in a Changing World” C 34

3. RISK 4 The uncertainty of an event occurring that could have an impact on the achievement of the objectives. Risk is measured in terms of consequences and likelihood Institute of Internal Auditors Risk is the combination of the probability of an event and its consequence. Consequences can range from positive to negative Effect of uncertainty on objectives. Note that an effect may be positive, negative, or a deviation from the expected. Also, risk is often described by an event, a change in circumstances or a consequence Institute of Risk Management ISO Guide 73 - ISO 31000

4. Benefits of Risk Management 8 Mandatory: RM activities designed to ensure that an organization complies with legal and regulatory obligations, as well as customer or client requirements. Assurance: RM provide assurance that significant risks have been identified and appropriate controls put in place Decision making: RM activities that provide additional structured information to assist with business decision making. Effectiveness and Efficiency: RM enhance the effectiveness and efficiency of operations within the organization

5. KEY POINTs of RM On going process People involvement Applied in setting organization strategy Applied across the organization Risk appetite should be considered Provide reasonable assurance Focus on the achievment of objectives

6. The Strategic Value of ERM (COSO) 10 Increases the range of opportunities Identifies and manages entity- wide risks Reduces surprises and losses Reduces performance variability Improves resource deployment Anticipates, identifies, adapts, and responds to change

7. TANGGUNG JAWAB KOMITE AUDIT TERHADAP PENGENDALIAN INTERNAL