Sources of Risk

Sources of Opportunity
Beyond the
Organization
Establishing the Risk Sources of Opportunity
Management and
Internal Control Sources of Opportunity
Systems Within the Organization

Monitoring and Review Learning from the Past

Identifying Risks &
of the Risk
Opportunities
Management and
Internal Control Learning from others
Systems FRC (2014) :
Guidance on Risk
Scanning
Management, Internal
Principal Control and Related
Risks Financial and Business
Scenario Planning
Reporting

Reasonable expectation
Strategies for Customer Sensitivity
that the company can
continue in operation Identifying Risks &
Opportunities
See the Market Gaps &
Change the Game
Going concern basis of
accounting and related
CIMA :
disclosures
Related Financial and Managing Idealized Design &
Business Reporting Opportunities and Risks Competing in Advanc

Statement on risk
management and
Market
internal control Board Risk
Sensitivity:Seeing
and
opportunities where
Control (III)
others are blind
Safe Harbour Provision
in relation to the
Strategic Report,
Assessing Risk Appetite
Directors’ Report and Assess and Alter Risk
the Directors’ Appetite
Remuneration Report Altering Risk Appetite

Assessing Opportunities
Assessing Risks &
Managing Risks &
Opportunities
However, in the annual report of PT. Pupuk Kaltim 2018 is not Opportunities
Assessing Risks
elaborated on a detailed risk assessment. In the annual report, the
company only revealed that it had conducted a risk assessment of the
14 fields contained in the company. In fact, in CIMA and FRC (2014) it is Sharing Risk
explained that in conducting a risk assessment the board must
consider the likelihood and impact of the risks that have been
identified. So that the report shows the total risk of the risks contained Managing Risks Transferring Risk
in the company which makes it easy for the company to choose
strategies in mitigating risk.
PT. Pupuk
Reducing Risk
Kaltim Tbk.

In the annual report of PT. Pupuk Kaltim in 2018. The company has
implemented the points described in FRC (2014) and CIMA. Starting
from risk identification, risk assessment, and risk mitigation. The
company also has an information and communication system called
SIMERI and iRisk to support the implementation of integrated risk
management within the company. The company also evaluates risk
management regularly to provide assurance that the company has
implemented risk management properly.