Which Compozer Package is Right for Your Organization?
Read Time: 7 minutes Selecting the right Compozer package for your organization is essential to achieving effective ICOFR compliance. Compozer offers three distinct packages – Essential, Accelerate, and Enterprise – each designed to cater to different levels of organizational needs and complexity. Whether you’re just starting your ICOFR journey or looking to enhance an existing framework, […]
Streamlining ICOFR Compliance with Compozer
Read Time: 5 minutes In today’s regulatory environment, maintaining strong internal controls over financial reporting (ICOFR) is essential for organizations across industries. As regulatory bodies tighten mandates around financial transparency and accuracy, the need for efficient, reliable compliance solutions grows. However, implementing and managing ICOFR frameworks can be complex and resource intensive. Compozer simplifies this […]
How to Choose the Right GRC Technology for Compliance
Read Time: 5 minutes Technology in Regulatory Compliance As regulations grow more complex, organizations are increasingly turning to technology to manage governance, risk, and compliance (GRC). The right technology not only simplifies compliance but also improves efficiency, reduces risk, and provides better insights across the organization. For businesses facing evolving regulations, such as SK-190 and […]
Meeting SK-190 and SK-275 Requirements in BUMN
Read Time: 5 minutes The Ministry of State-Owned Enterprises (BUMN) has introduced two critical regulations, SK-190 and SK-275, to strengthen IT governance and cybersecurity maturity across BUMN entities. Both regulations set a clear path towards comprehensive compliance by 2025, reflecting the government’s commitment to enhancing operational resilience and safeguarding digital assets. Overview of SK-190 […]
Manual vs. Automated ICOFR Compliance: Which Drives Better Results?
Read Time: 5 minutes The demands of ICOFR compliance have steadily increased over the years. As the scope, time, and costs continue to grow, organizations face the challenge of managing compliance efficiently. This evolving complexity highlights the importance of understanding ICOFR fundamentals, which you can explore further in this article that gives a brief explanation […]
Staying Ahead of OJK’s New Financial Reporting Mandate with Compozer
Read Time: 5 minutes The Indonesian Financial Services Authority (OJK) has introduced Regulation 15/2024 on October 9, 2024, on financial reporting, emphasizing transparency and accountability. For banks and financial institutions, compliance with these new mandates is essential to maintain trust and avoid penalties. Non-compliance can result in fines of up to Rp 50 billion, making […]