Program Studi Akuntansi Universitas Katolik Parahyangan
Parahyangan Catholic University’s Accounting Study Program won a Competition Grant (Hibah Kompetisi) in the Ministry of Education and Culture’s Merdeka Campus Competition Program in 2021. With regard to the achievement of this competition grant, Parahyangan Catholic University’s Accounting Study Program organized a series of activities, one of which was the debriefing and mentoring of the Accounting Competition Team by inviting accounting alumni and practitioners to deliver the materials for around 35 students of the Accounting Competition Team selected from the classes of 2018 and 2019.
The students gained a variety of knowledge experiences with current topics relevant to the competition and the future of the competition team in the workplace. On Friday, August 13, 2021, an online briefing was held by inviting an alumnus of the Accounting class of 2010, namely Mr. Astian Qintara, SE., GRCP, who currently works at Risk Consulting PricewaterhouseCoopers (PwC), Jakarta, Indonesia, in the position of manager. Previously, he worked at PT British Petroleum (BP) Indonesia, PT Deloitte Konsultan Indonesia (Risk Advisory), and PT Bundamedik (Corporate Planning).
On this occasion, he presented a very interesting Risk Management theme to provide knowledge for the Accounting competition team of the Faculty of Economics at Parahyangan University. Risk is the impact of uncertainty when a company or individual is trying to achieve its goals. The COVID-19 pandemic is one example of the risks faced by companies and individuals today. With the emergence of this pandemic risk, technology has become more frequently used. This means that with risk, we can still take opportunities in order to continue to achieve goals. Therefore, risk management is needed to mitigate existing risks. Risk management is a process to identify, prioritize, and manage key risks to company goals. Therefore, a future mindset is needed for this risk management. An enterprise risk management program is an activity that is packaged to carry out risk management in the company. Understanding risks will help us make decisions, and by understanding the risks, the company will be more able to survive. There are several difficulties faced when identifying risks, such as the fact that risks are uncertain, there are changes in both the internal and external business environments, and the involvement of related parties is needed in order to identify events and risks.
Risk assessment is a systematic process to identify and evaluate events that can affect the company’s achievements, both positively and negatively. There is the cycle of conducting an ERM program. First, identify the risk, then assess the impact and the likelihood of an event occurring. At this stage, collaboration is needed. The next stages are evaluating, mitigating, executing, monitoring, and reporting.
Inherent risk is the risk that has been present from the beginning. Residual risk is the risk that exists after risk mitigation. It is very important to see the potential risks that exist and what mitigation will be done to reduce the possibility of these risks occurring. Risk management is not a break or barrier to a business, but a tool used to help companies achieve their goals. There are several standards in risk management. Two standards that are widely used are ISO 31000 Risk Management and the COSO ERM Framework. The session ended with a questions-and-answers session and a message from Mr. Astian Qintara about the importance of always learning, asking questions, and expressing opinions.