tag:blogger.com,1999:blog-25682880614082054992011-11-27T16:46:31.641-08:00An Indonesian Blog for Governance, Risks and Compliance. You may read and use the material free as long as you note the resources (this blog). Thank you.IndoGRC>>http://www.blogger.com/profile/07600252366451616993noreply@blogger.comBlogger141100tag:blogger.com,1999:blog-2568288061408205499.post-81056436213382896232009-03-05T23:04:00.000-08:002009-03-05T23:28:20.468-08:00

CHICAGO (AFP) - - General Motors warned it could be liquidated through bankruptcy after its auditors voiced "substantial doubt" about the struggling automaker's ability to stay afloat in an annual report released Thursday.GM is currently funding its operations with 13.4 billion dollars in emergency loans from the US government and said last month it will need an additional 22.6 billion in

IndoGRC>>http://www.blogger.com/profile/07600252366451616993noreply@blogger.com0tag:blogger.com,1999:blog-2568288061408205499.post-21519829610867978782009-02-09T06:31:00.001-08:002009-02-09T07:20:16.355-08:00

Jakarta, (ANTARA News).The State Ministry of State-Owned Enterprises (Meneg BUMN) claim the State-Owned banks’ performance are getting better compared to the private banks though in adverse economic conditions." The financial performance of State-Owned Banks are getting better, reflected from positive financial ratios compared to the privates’" said Deputy of State Ministry BUMN for Financial

IndoGRC>>http://www.blogger.com/profile/07600252366451616993noreply@blogger.com0tag:blogger.com,1999:blog-2568288061408205499.post-60707532492253527332009-02-08T04:39:00.000-08:002009-02-08T04:47:16.118-08:00

On January 13, PricewaterhouseCoopers, the independent auditor of Satyam withdrew its audit reports on financial statements issued by Satyam. Dismayed investors and general public are still debating on how an auditor can withdraw a report that was relied on by investors.The audit community is feeling let down that a firm of PwC’s stature could not detect the overstatement of revenues and the

IndoGRC>>http://www.blogger.com/profile/07600252366451616993noreply@blogger.com0tag:blogger.com,1999:blog-2568288061408205499.post-90154660436468871672009-01-31T06:24:00.000-08:002009-01-31T06:34:14.636-08:00

The complete question was:How does Internal Audit deal with situations where the top management is not co -operating in sharing of information/is not responsive to the internal audit recommendations?(Asked by Prashant B on LinkedIn's QA) Dear Prashant,I think Internal Auditor should learn first that situations before dealing with that situations. Please keep in mind that you cannot blame one of

IndoGRC>>http://www.blogger.com/profile/07600252366451616993noreply@blogger.com0tag:blogger.com,1999:blog-2568288061408205499.post-12821002426873256172009-01-31T00:06:00.000-08:002009-01-31T06:24:34.565-08:00

1. Edition - March 2008 Price: 57.90 Euro 2008. 430 Pages, Hardcover- Practical Approach Book -ISBN-10: 0-470-11723-0ISBN-13: 978-0-470-11723-1 - John Wiley & SonsBy Vallabhaneni, S. RaoThis book is managers' and executives' one-stop comprehensive reference for best practices in Corporate management, Governance and Ethics.Representing a single and collective voice for the entire business

IndoGRC>>http://www.blogger.com/profile/07600252366451616993noreply@blogger.com0tag:blogger.com,1999:blog-2568288061408205499.post-58746433867457306622009-01-26T08:55:00.000-08:002009-01-31T02:40:02.102-08:00

(This question is asked by Raghu Kumar on LinkedIn's QA)Hi Raghu, A very important question. Bad news: Independency, as of mental attitude and personal integrity is hard to be measured. The good news: it can be seen or smelled. Since it can be seen and smelled, of course, it can be enforced. Essentially, independence could be formed in two kind that cannot be separated to achieve independency

IndoGRC>>http://www.blogger.com/profile/07600252366451616993noreply@blogger.com0tag:blogger.com,1999:blog-2568288061408205499.post-63962474723205974232009-01-26T08:28:00.000-08:002009-01-31T02:25:39.207-08:00

Jan. 24 (Bloomberg) -- PricewaterhouseCoopers LLP’s Indian affiliate, the auditor of Satyam Computer Services Ltd., said two partners were arrested by police as authorities extended the nation’s largest fraud inquiry. Srinivas Talluri and S. Gopalakrishnan were remanded to judicial custody on charges of “conspiracy and co- participation,” A. Shivanarayana, a police spokesman in Andhra Pradesh

IndoGRC>>http://www.blogger.com/profile/07600252366451616993noreply@blogger.com0tag:blogger.com,1999:blog-2568288061408205499.post-37182280129234236102009-01-09T18:37:00.000-08:002009-01-31T02:26:26.057-08:00

This article originally appeared in the Board Governance Series - Volume IV.Internal controls over financial reporting is a topic every audit committee is discussing. Likewise, implementing the new Sarbanes-Oxley Section 404 requirements is at the top of the list of concerns for every audit committee. I'd like to summarize four of the more frequently asked questions that we receive from audit

IndoGRC>>http://www.blogger.com/profile/07600252366451616993noreply@blogger.com2tag:blogger.com,1999:blog-2568288061408205499.post-42655164059566907362009-01-06T07:06:00.000-08:002009-01-31T02:28:11.130-08:00

Nine fundamental principles of an effective risk management program define and integrate risk-related responsibilities at every level of the organization.A. Risk GovernancePrinciple 1: A common definition of risk, which addresses both value preservation and value creation, is used consistently throughout the organization. Principle 2: A common risk framework supported by appropriate standards (

IndoGRC>>http://www.blogger.com/profile/07600252366451616993noreply@blogger.com0tag:blogger.com,1999:blog-2568288061408205499.post-69217621604746985192009-01-04T21:17:00.000-08:002009-01-31T02:30:16.039-08:00

Manager’s guide to compliance : Sarbanes-Oxley, COSO, ERM, COBIT, IFRS, BASEL II, OMB A-123, ASX 10, OECD principles, Turnbull guidance, best practices, and case studies / Anthony Tarantino.Published by John Wiley & Sons, Inc., Hoboken, New Jersey, 2006.Price: $50.00This book is very practical and helpful for both novice and experienced professionals. Comprised in-depth, updated but not too

IndoGRC>>http://www.blogger.com/profile/07600252366451616993noreply@blogger.com0tag:blogger.com,1999:blog-2568288061408205499.post-78937998705122356232009-01-01T08:39:00.000-08:002009-02-01T09:30:38.532-08:00

The term of GRC had become common buzzwords in business world nowadays. Many discussions about this acronym in many circumstances definitely ended without achieving clear objectives. Ok, let us jump into the conclusion: GRC does really matter; it’s important and relevant in all industries and sectors. The big question arise: why there’s a big gap between results and expectations?Most

IndoGRC>>http://www.blogger.com/profile/07600252366451616993noreply@blogger.com0tag:blogger.com,1999:blog-2568288061408205499.post-39634400385411008002008-12-13T04:14:00.000-08:002009-02-09T07:17:54.157-08:00

A GRC program can be instituted to focus on any individual area within the enterprise. However, the three most common areas would be Financial GRC, IT GRC, and Legal GRC. Financial GRC relates to the activities that are intended to ensure the correct operation of all financial processes, as well as compliance with any finance-related mandates. IT GRC relates to the activities intended to ensure

IndoGRC>>http://www.blogger.com/profile/07600252366451616993noreply@blogger.com0tag:blogger.com,1999:blog-2568288061408205499.post-56590170626019249192008-12-13T04:09:00.000-08:002009-01-31T02:36:26.447-08:00

Governance, Risk Management, and Compliance or "GRC" is an increasingly recognized term that reflects a new way in which organizations can adopt an integrated approach to these three areas. However, this term is often positioned as a single business activity, when in fact, it includes multiple overlapping and related activities within an organization, e.g. internal audit, compliance programs like

IndoGRC>>http://www.blogger.com/profile/07600252366451616993noreply@blogger.com0tag:blogger.com,1999:blog-2568288061408205499.post-2110323041858158262008-12-12T16:53:00.000-08:002009-01-05T05:14:30.939-08:00

As an experienced assurance and consulting professional, I learn that GRC practices have been becoming more and more relevant for many business organizations from day to day. Fraudulence scandals in many high profile corporations and governments, regional and political instability, economic-bubbling policies and practices are stories that seems will last along the history of human being. The

IndoGRC>>http://www.blogger.com/profile/07600252366451616993noreply@blogger.com0