Implementation of risk management during the revenue cycle

Jeffrey Ranap Christian, Siti Nurwahyuningsih Harahap

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review


Risk management is crucial for the effective performance of companies. This work was conducted to address the absence of a risk management function in an established company in Indonesia. A risk management plan was implemented to improve the control performance of the internal audit division of the investigated company. In this research, the ISO 31000 standard was used as the basis of risk management and was implemented during the revenue cycle to ensure that the cycle coincided with the company's expectations. The implementation of risk management encompassed risk recommendation for controlling the identified risk. Data were obtained through direct observation, documentation, interviews, and literature study. The results of this research will provide suggestions for risk management to improve the effectiveness and efficiency of internal auditing.

Original languageEnglish
Title of host publicationContemporary Issues in Finance, Accounting, and Consumers' Behavior
Subtitle of host publicationLessons from Indonesia
PublisherNova Science Publishers, Inc.
Number of pages18
ISBN (Electronic)9781536175707
ISBN (Print)9781536168815
Publication statusPublished - 15 Apr 2020


  • Internal audit
  • ISO 31000
  • Risk
  • Risk management


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