The Implementation of Risk Based Internal Audit During The Corona Virus Diseases Pandemic Conditions Case Studies Indonesia Deposit Insurance Coorporation

Hayu Anindyajati, Cut Saskia Rachman

Abstract


During the pandemic of Corona Virus, the government of Indonesia had reinforced the law of Indonesia Deposit Insurance Corporation (IDIC) authority to secure the stability of Indonesia banking sector. The IDIC has a significate role to take active action in order to maintain bank’s liquidity and solvability, especially during the pandemic. Due to the pandemic economic recession, IDIC will continue to optimize its performance, it takes extra work of every working unit in IDIC to out performs its duties including the internal audit unit. The internal audit has a crucial role to support and strengthen the Indonesia Deposit Insurance Corporation (IDIC) to conduct its function. In order to strengthen internal audit and increase added value, it is necessary for IDIC to implement risk based internal audit (RBIA). This study is aim to support IDIC on implementing an effective risk based internal audit. To execute this, IDIC must do risk maturity assessment and conduct audit paling referring to the organization major risk as a priority area of auditing. This paper analysis and evaluate IDIC risk maturity and areas which are high risk due to the pandemic condition that can be propose as part of the IDIC audit plan.

Keywords: Internal Audit, Risk Based Internal Audit, Risk Maturity


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DOI: https://doi.org/10.31326/.v2i2.776

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