Evaluasi Implementasi Risk Based Internal Audit (Studi Kasus pada PT ABC)

Nabilah  Aulia; Lufti  Julian

doi:10.33395/owner.v8i3.2203

Authors

Nabilah Aulia Universitas Indonesia
Lufti Julian Universitas Indonesia

DOI:

10.33395/owner.v8i3.2203

Keywords:

Internal Audit, Risk-Based, Risk Maturity Assessment, Risk Management, RBIA

Abstract

This research was conducted to analyze the effectiveness of the implementation of Risk Based Internal Audit (RBIA) at PT ABC by using the framework from David Griffith in 2020 related to the implementation of RBIA and the Chartered Institute of Internal Auditors in 2014 in evaluating risk maturity as part of RBIA implementation. This research is a case study with a descriptive qualitative approach using interviews and document analysis to explore experiences and in-depth understanding. The object of research is PT ABC, which is a private manufacturing company engaged in the manufacturing industry. In the past, the company has experienced poor financial conditions. Therefore, PT ABC tries to carry out effective supervision, one of which is carried out through the internal audit division. However, in practice, management's commitment to managing risk has not been fully reflected in company practice. PT ABC management does not have a policy as a form of tone of the top commitment in implementing risk management. The results of the study can be concluded that PT ABC has not been able to implement RBIA comprehensively because the results of the risk maturity assessment carried out are still at level risk naïve. Improvements are needed to increase the level of risk maturity to implement RBIA comprehensively or when the risk assessment reaches level risk defined. This research provides recommendations for a roadmap that can be implemented by PT ABC to increase risk maturity so that RBIA can be implemented comprehensively in the future.

Downloads

Download data is not yet available.

Plum-X Analityc

References

Awasthy, R. (2020). Nature of Qualitative Research. 145–161. https://doi.org/10.1108/978-1-78973-973-220191010

Chartered Internal Auditor (IIA Ireland & UK). (2014). Risk Maturity Assessment.

EHS Today. (2011). Deepwater Horizon: Production Rewarded, Safety Ignored. https://www.ehstoday.com/safety/article/21904043/deepwater-horizon-production-rewarded-safety-ignored

Erlina, Putri, D. R., Sopanah, A., & Muda, I. (2018). Model of successful risk based internal audit implementation in regencies/cities in north sumatera. International Journal of Civil Engineering and Technology, 9(9), 615–627.

Griffiths, D. (2020). Risk Based Internal Audit. 1–109. https://www.internalaudit.biz/index.html

Institute of Internal Auditors. (2009). IIA position paper: The role of internal auditing in enterprise-wide risk management. The Institute of Internal Auditors, January, 1–8. https://na.theiia.org/standards-guidance/Public Documents/PP The Role of Internal Auditing in Enterprise Risk Management.pdf

Kalia, A., & Gill, S. (2023). Corporate governance and risk management: a systematic review and synthesis for future research. Journal of Advances in Management Research, 20(3), 409–461. https://doi.org/10.1108/JAMR-07-2022-0151

Lois, P., Drogalas, G., Nerantzidis, M., Georgiou, I., & Gkampeta, E. (2020). Risk-based internal audit: factors related to its implementation. Corporate Governance (Bingley), 21(4), 645–662. https://doi.org/10.1108/CG-08-2020-0316

Patnaik, S., & Pandey, S. C. (2019). Case Study Research. 2019, 163–179. https://doi.org/10.1108/978-1-78973-973-220191011

Ramadhan, R., Raharja, S. J., & Muhyi, H. A. (2022). Penyebab Kebangkrutan PT Sariwangi dan Analisisnya dengan menggunakan Teori Goal Setting. Jurnal Ilmu Manajemen Dan Bisnis, 13(2), 183–190. https://ejournal.upi.edu/index.php/mdb/article/view/45405

Sudarmono. (2021). Perancangan Risk Based Internal Audit Plan Pada Divisi Internal Audit?: (Studi Kasus PT. XY). Universtias Indonesia.

The Institute of Internal Auditors. (2020). Integrated Risk Based Internal Auditing.

Wilson, R. (2018). The Story of Risk Management Failure – Deepwater Horizon. Audit Comply. https://www.auditcomply.com/2018/07/18/story-risk-management-failure-deepwater-horizon/#:~:text=Final reports of the disaster demonstrate that multiple,in the days leading up to the blowout.