Risk Consulting

Building confidence for performance

Risk Consulting

In an increasingly competitive business landscape, companies are strained to successfully manage a challenging array of risks on multiple fronts: strategic, operations, compliance, and reporting. Today's stakeholders - including shareholders, customers, and employees - expect high standards of consistent business performance. 
 
Along with every risk comes opportunity. Therefore, leading organizations carefully assess and evaluate their portfolio of risks and allocate appropriate resources to manage their key risks more effectively than competitors do. 
 
Effective and consistent risk management and internal audit give you and your employees the confidence to focus on achieving your organization's key business objectives.
 
Crowe Indonesia's experienced risk professionals have deep subject-matter expertise in risk management, internal audit, fraud and ethics, security and privacy, and regulatory compliance to keep you advised of emerging trends, industry benchmarks, and best practices.
 
We go beyond the norm to provide innovative and applicable solutions with enabling technologies in a personalized manner which helps you feel secure in your continuous growth to confidently becoming an industry leader.
 
We have gained a strong reputation in helping large Indonesian telecom operators, listed in the US stock exchange, in Sarbanes Oxley compliance, Indonesia state-owned energy and utilities companies to transform their Internal Audit function in line with a world class internal audit practices and helping Indonesia’s largest banks in ensuring their core system implementation.

 

Internal Audit

  • Startup & Development Advice
  • Co-Sourcing & Outsourcing
  • Sarbanes Oxley Compliance
  • Technology & Tool Implementation
  • Data Mining & Analytics
  • Quality Assurance Reviews
  • Internal Audit Transformation
  • Operational Audit:
    • Distribution Channel Reviews
    • Vendor and Other Third Party Audits
    • Revenue Assurance

Risk Management

  • ERM Maturity Assessment
  • GCG Assessment
  • Fraud Risk Management
  • Supplier Risk Management
  • Program Risk Management
  • Risk Analytics
 
 

Notable Engagements

Sarbanes-Oxley compliance Clients

  • A company which is the largest telecommunication services company in Indonesia.  A majority state-owned company and listed on multiple stock exchanges.
  • A company with strongest branding for cellular network operator which operates the largest network in Indonesia.
  • A company which is one of the leading telecommunications and information service providers in Indonesia. The company provides cellular, fixed data and wireless broadband services as well as fixed telecommunication or fixed voice offerings including IDD, fixed wireless and fixed phone services, and digital services.

Internal Audit Transformation Clients 

  • An Indonesian State Owned Enterprise (SOE) which main business is to supply electricity to meet public needs and burgeoning to be one of the highest asset companies in the world.
  • An Indonesian State-Owned Enterprise (SOE) oil and natural gas corporation based in Jakarta. As a world class national energy company, the company was assigned to keep national fuel supply availability supported by wide network of infrastructure throughout Indonesia.  

Minimizing ERP System Implementation Risk 

  • Largest bank in Indonesia in term of assets, loans and deposits. The bank currently employs more than 32,000 people and has more than 2,300 branches, as well as seven overseas branches, representative offices or subsidiaries.
  • An Indonesian state owned financial institution engaged in banking services. Whose business activities focused in three sectors: Mortgage loans and consumer banking, Housing and commercial banking, and sharia banking. 

Internal Audit

  • Startup & Development Advice
  • Co-Sourcing & Outsourcing
  • Sarbanes Oxley Compliance
  • Technology & Tool Implementation
  • Data Mining & Analytics
  • Quality Assurance Reviews
  • Internal Audit Transformation
  • Operational Audit:
    • Distribution Channel Reviews
    • Vendor and Other Third Party Audits
    • Revenue Assurance

Risk Management

  • ERM Maturity Assessment
  • GCG Assessment
  • Fraud Risk Management
  • Supplier Risk Management
  • Program Risk Management
  • Risk Analytics

 

Risk Consulting Insights

QAR for IA Excellence

QAR for IA Excellence

QAR (Quality Assurance Review) should include both internal and external assessments as the
two serve different purposes.
Implementing PSAK 73 in Leases

Implementing PSAK 73 in Leases

In Indonesia the IFRS 16 has been adopted to PSAK 73 and will soon supersedes PSAK 30 and its interpretation
IA Transformation Surviving Key in Disruptive Era

IA Transformation: Surviving Key in Disruptive Era

The era of uncertainty approaches sooner as disruptive innovation creates a new market ...
Internal Audit Transformation

Internal Audit Transformation

Expectations for Internal Audit are continually expanding...
Is Your Organization Benefiting From the Most Effective Model for Internal Audit?

The Most Effective Model for Internal Audit

Is Your Organization Benefiting From the Most Effective Model for Internal Audit?
SOX 404 Efficiency Diagnostic A Business Case for Utilizing the Crowe Diagnostic Assessment

SOX 404 Efficiency Diagnostic

A Business Case for Utilizing the Crowe Diagnostic Assessment
Internal Audit Framework, Roles and Expectations, and Maturity Models

Internal Audit Framework, Roles and Expectations

Internal Audit Framework, Roles and Expectations, and Maturity Models
Quality Assessment Review

Quality Assessment Review

By having an independent assessor perform a QAR, a company's internal auditors can capture benefits...
Enterprise Risk Management

Enterprise Risk Management

Crowe client experience and market knowledge have demonstrated that enterprise risk management (ERM) programs can lose relevance and effectiveness over time
Capturing Value and Staying Competitive With Sustainable Risk Management

Capturing Value and Staying Competitive With ...

The entire organisation is well prepared and able to perform with confidence and agility in the face of unpredictable events and shifting economic conditions.
Effective Risk Management With AML Risk Assessment

Effective Risk Management With AML Risk Assessment

In 2016 there were at least 21 significant enforcement actions that resulted in more than $637 million in fines or penalties ...
Assessing Social Media Risk

Assessing Social Media Risk

Connecting, communicating, and collaborating can be very beneficial but can also hurt you.
Social Media Risk Management: Managing the Changing Environment of Communication

Social Media Risk Management: Managing the ...

Managing the Changing Environment of Communication
Strengthening Corporate Governance With Internal Audit

Strengthening Corporate Governance With ...

A focus on corporate governance offers internal audit the opportunity to become a more active and strategic team player.
Taking Internal Audit to a Strategic Level: Identifying, Assessing, and Managing Risk

Taking Internal Audit to a Strategic Level

Identifying, Assessing, and Managing Risk
Determining the Right Internal Audit Model for Your Company

Determining the Right Internal Audit Model ...

Internal audit departments continue to experience challenges related to an expanding audit universe, changes in laws and regulations, ...
Principles and Practices of the New Internal Audit Model

Principles and Practices of the New ...

Internal audit executives and their departments are under more pressure than in the past, and this pressure is not expected to subside in the near term.
Internal Audit Leads the Way to Performance Improvement

Internal Audit Leads the Way to Performance ...

The new internal audit model, as outlined in "A New Decade, a New Internal Audit Model," leverages existing activities to continuously monitor, manage, and improve ...
Making Internal Audit More Strategic

Making Internal Audit More Strategic

How changing its role makes it more valuable to the organization
Applying the "New" Revenue Recognition Standard to Financial Institutions

Applying the "New" Revenue Recognition ...

FASB purposely provided a lengthy implementation period, but the effective date is just around the corner.
Revenue From Contracts With Customers

Revenue From Contracts With Customers

Revenue is one of the most important measures used to assess financial performance, and the rules for recognizing revenue are changing.
Compliance Meets Data Analytics

Compliance Meets Data Analytics

Data seemingly is everywhere. It is the engine behind areas as diverse as consumer product development and entertainment programming to healthcare and HR management.
QAR for IA Excellence

QAR for IA Excellence

QAR (Quality Assurance Review) should include both internal and external assessments as the
two serve different purposes.
Implementing PSAK 73 in Leases

Implementing PSAK 73 in Leases

In Indonesia the IFRS 16 has been adopted to PSAK 73 and will soon supersedes PSAK 30 and its interpretation
IA Transformation Surviving Key in Disruptive Era

IA Transformation: Surviving Key in Disruptive Era

The era of uncertainty approaches sooner as disruptive innovation creates a new market ...
Internal Audit Transformation

Internal Audit Transformation

Expectations for Internal Audit are continually expanding...
Is Your Organization Benefiting From the Most Effective Model for Internal Audit?

The Most Effective Model for Internal Audit

Is Your Organization Benefiting From the Most Effective Model for Internal Audit?
SOX 404 Efficiency Diagnostic A Business Case for Utilizing the Crowe Diagnostic Assessment

SOX 404 Efficiency Diagnostic

A Business Case for Utilizing the Crowe Diagnostic Assessment
Internal Audit Framework, Roles and Expectations, and Maturity Models

Internal Audit Framework, Roles and Expectations

Internal Audit Framework, Roles and Expectations, and Maturity Models
Quality Assessment Review

Quality Assessment Review

By having an independent assessor perform a QAR, a company's internal auditors can capture benefits...
Enterprise Risk Management

Enterprise Risk Management

Crowe client experience and market knowledge have demonstrated that enterprise risk management (ERM) programs can lose relevance and effectiveness over time
Capturing Value and Staying Competitive With Sustainable Risk Management

Capturing Value and Staying Competitive With ...

The entire organisation is well prepared and able to perform with confidence and agility in the face of unpredictable events and shifting economic conditions.
Effective Risk Management With AML Risk Assessment

Effective Risk Management With AML Risk Assessment

In 2016 there were at least 21 significant enforcement actions that resulted in more than $637 million in fines or penalties ...
Assessing Social Media Risk

Assessing Social Media Risk

Connecting, communicating, and collaborating can be very beneficial but can also hurt you.
Social Media Risk Management: Managing the Changing Environment of Communication

Social Media Risk Management: Managing the ...

Managing the Changing Environment of Communication
Strengthening Corporate Governance With Internal Audit

Strengthening Corporate Governance With ...

A focus on corporate governance offers internal audit the opportunity to become a more active and strategic team player.
Taking Internal Audit to a Strategic Level: Identifying, Assessing, and Managing Risk

Taking Internal Audit to a Strategic Level

Identifying, Assessing, and Managing Risk
Determining the Right Internal Audit Model for Your Company

Determining the Right Internal Audit Model ...

Internal audit departments continue to experience challenges related to an expanding audit universe, changes in laws and regulations, ...
Principles and Practices of the New Internal Audit Model

Principles and Practices of the New ...

Internal audit executives and their departments are under more pressure than in the past, and this pressure is not expected to subside in the near term.
Internal Audit Leads the Way to Performance Improvement

Internal Audit Leads the Way to Performance ...

The new internal audit model, as outlined in "A New Decade, a New Internal Audit Model," leverages existing activities to continuously monitor, manage, and improve ...
Making Internal Audit More Strategic

Making Internal Audit More Strategic

How changing its role makes it more valuable to the organization
Applying the "New" Revenue Recognition Standard to Financial Institutions

Applying the "New" Revenue Recognition ...

FASB purposely provided a lengthy implementation period, but the effective date is just around the corner.
Revenue From Contracts With Customers

Revenue From Contracts With Customers

Revenue is one of the most important measures used to assess financial performance, and the rules for recognizing revenue are changing.
Compliance Meets Data Analytics

Compliance Meets Data Analytics

Data seemingly is everywhere. It is the engine behind areas as diverse as consumer product development and entertainment programming to healthcare and HR management.