The Implementation of Risk-Based Audit by The Internal Auditor at PT. Perkebunan Nusantara IV (Persero).

FACT'LTY OF ECONOMICS

ANNAI,AS IINTVERSITY

TIIE

Ntr,IJ!fiNTATION

OF PJSK.BA]SDD AT]DII

BY TEE INIERNA], AI]DITOR AT PI. PERICBUNAN NUSAI{TATA

(PERSERO)

By:

Dotim

g..V Wtrdni.

06153 031

Il6it

it ebnitled n @tial ftlfillnetu oJ the

aquiand

ht

lkrkryadude D%lee i"

Feb,

of

Ecotulti6

,PAIIANG

ABSTR CT

Thc aLm

ol$

r

researcI is ro crdrino rhe inrptemcnhri.n of rhk-hlsed audil xpp.orch rlrar conduc(cd

b!

rlr

lrernJl rtrdiror dr

I,t.

Pc.ketrunan Nusanran IV (PcRro). Thc shiired

.l

inr'ru1

atrdiiing locus

afd

rhc dcvclopmcnr

ot

.isk managemen( had cause the dclclopmcil in inlenaLaudir approach; n is catt

isk

bded

intemal audi. apprmch. PT Perkebuir Nusanlara

lv

(Penem)

a

_{the one ol} Stat€

-Owned Ent€aises (SOE) in Nonh Sunaten reali,esthar applialion

ofisk

bas€d audit dtproach bccomes one ftctor rhat supporls the dcvelopmenr

of

rhe company. Tnis

reseorch analyzcs

lho

aspeca in PTPN iV; they rre rhk assessnen! de pmc6s

of

audir.nd nrndrrdizrioD olinlemalaudir pedonnel. Thk rcsemh shows ihal risk b$ed audir

in

PT?N

lV

k

ir

thc

proa$

ro b€ pefomcd and the guidetine

of

rhk

mansgemetrt is

nill

in pro@s to be devclopcd. The limitations ol hunm resou@s in intcmal addil unit cm bs ninimlzed by improving the qualiry

olhund

resoures rhar

aE cu ently availabLe. Theroro.e, rlL of tlE slalls will have similar knowledse and undentand in _e reCarding rGk based inle fD a L audit approac h.

CI{APTER I

INTRO0UClION

(smpline

riskl

and

_ro

olir-

lacto^

(non-sanplins

_rhk)

1.1 The Bachg.ound

otTh.

Recrrch

Intemd auditing is an acliviry that provides adricc noR he bcsr

My

lor the

olgdiation

in achievins its _{obj{rives. Intemat audirinr includcs to}

Ihc

utiliatio.

of,

_{syslenalic melhodol.sy for analyang business proce$es}

or orebialional

problens

&d

suascsls

ahendile

sotulioN

o

$ose

problens. Activities

ol

i.lemat

aldiring incllde

ensunng oFralions

efedively

ed

_eincienllt. p.eve ing m{t investigarne iiaud, prorectins

4sets, md do.trollins the conplimce Nith laws. regxtalions, _toticies. md

procedur€s _wi6in the

o€miation.

fte

cxisre.cc olan oreaniatior cenor be scpdalcd fton thc goals ro

bc achievcd One

ofihc

connon _soots

ofan

orsanizrion is to inaede

shdeholdd v:lue. Thc exislencc ol i.terual audidre in

e

orseizrion

nct

be vi€wcd in the conrcxt ot helFing rhe oremiation to .chieve tnc goals.

In achicviDg irs objectives. rhc organianion is atways exposed rhe

rhks by afecline the acnievenenl of objecrives. tuik is a sirMdon lbar nay

Gu

d

my

buF.

1ne rchi€ycddt _{of o6jectiv6.}

MoNvd,

_{as foD{t in}

r4fimline.oD

sirl€d rhat atrdil rnk is a

@nbimlid

_{olthc rist dar mderisl}

ems

*ill

occu in the acounrins pioces and the risk rhe

ero6

wiU nor be

dhcovered by audil tesls. AudiL rhk includcs _{uncerrainties due to}

sm.tin!

Idcalh. _{rlsks slmuld be elnnloared. Nevenhclcss. n is} jmpossiblctoclifrjnar

the

rhk.

lhcrclire, the suc.css

ol

prop.rt)r manaeinE

rist

beromes

rejt

I

emal audili.g has undcreone a rapid evotuiton io lhc prcscnl This

is tiBsered by vdious evenls that show either snalt or ldse risks ihat

o(u

slobaliy Rddns

lion

.des or Euon md worldcom unlil $e rsenl global

financial cnsis, which

6rrn*

srenedens the

inponece

of

llre inlemal

audning tuncrion. The risks

wrr

d nore conptex as $e derelopnent _otthe

cwenl finucial

syslcn, makjna rhc

ote of a

sbors jnlemal otrditnre

incrednrsly necessary. Thus,

ii

triggm

s

_{inrem'l ludninc lo} co.rinuo to

Nowadays, the

focu

of intemal auditing has expericn.ed a

shit

tn

drc

par.

dre

focu of

the inlemal luditots rdte

k

s

a

,,r.r1,s.

Thus,

naking i1s

slc

less favored by rhe pGence of orher orsanizlional unirs.

ms

may be a logical consequence _{of the} protession

ot

_{intcnat ludirors}

whose

job.

which

curot

bc removed

frcn

ttre audir tunction. which

n

be'we.

cxdineE

_Guditon)

dd

tnc

pdy

who bcing dxmrined (auditee),

de in a posnion facins cach orher.

Al

$is time, auditine process ha shined as

rr?r,al

.o"r,r,,^

who

provide an

i+ullor

improvehent ofexisiing systems

bd

act

s

a Mtatysr

(EJIendi _200r.

pM

_{2). The consuttant foi the nnemal auditor nrcdon is a}

Elatively new rcle, which

clries

lhe nxemal audiro/s rolc

lo

incFase

kno\lledse and skilh on both

dr

audnor prolession _{d lhe busnress aspcch.}

CIIATTDR V

CONCI,TISION AND RECOM]\TENDATION

Risk _baed

ludil

(RBIA)

is

d

apprcach

hlcn

by ihe

i

enal

audito$ with morc focus on thc p.oblen of nsk dsessDent palmeres

rh,t are fomulatcd on rhe risk baed audil

piD

RBIA brines b€nefis.

mong

orhe^,

to

improve the cficicncy md cfccriveness

of

inlenal

auditom

in

conducling

a

ils. Thus, RBIA

is

dn{tly

impronins rhe

p€domancc ol Inletual Audit Depdlnent

'l]lis

Fsdch

_shoRs

thal

in PL

_Perkebunn

Nusdlra

Iv

0)esero). risk

-

based inLemal

ludit

is in the pro€ss to be pertomed.

PTPN rV is

$ill

in the prccess ofdeveloping rhe risk m@genenr policy

guirlelinc al PTPN

Iv

that

cu

be u$d

a

a Eferencc in identiryins risks,

ako nsk nerCement division md inlemal audn

bit

(Stt)

in pTpN

rv

hd

limiled

hunu

rcsources vho alEady inow lbout the process ot nsk

malsement

tud

rish

baed

audn melhod. Escntial clcncn6, wlich

become imporlant

faclos

in

_{inplenenling nsk-bsed audir}

like

_risk

Egislci Md nsk

od

audir univcse (R _{U) nol availabte yet ar P t?N

rv

Risk-bdcd audn

is a

_{prclen nelhod}

to

bnng bdnefih

to

rhc

compmy, especially rhe

isk

assessfr en I proccss lhar becanre an inporlmr

key

lo

thc

compny

success. Thcrelore FTPN

tv

shoutlj

do

nsk

PL P.rk.bunr. Nusinh'.

l\

{l,oi.r,l

rni A.R

J

Dlderand Nl

S.llc dl

2010.,I!r/rj!r,1/,1\rr,?,nzS.rrJ..:.rl

lrtcgatetlipptauth

ll{hod

Ne* Jescy: fer^on Educalion lrc.

B.nk Indonesia.2009 PcralLrtu Bmk Jndoncsia No.

ll/

2t/

PBI/ 1009 i.n1an-!

Peoband Alas Pe lxran Bank IndoD.sia

No

i/

8/

PnI/ 2001 renl.D-c

Pencrapm

Mmajcmon

tusik. Bagl lra.k

Uinnni

htrp://rM.bi.!o.id/NR/rd.ilvresr8TF:l2DLB-331 l-,1BF4 Rl C2

CE624C9CD99s/17225/pbi I l2509.pdf (accessed _{Ocbbcr 2,1. 2010)}

Cain.

llclie

2006.

ll,r[

Sdral/

Irtnal

Aulitnk

lNtilulc ol Intemd Au{ll n,R I IK xnd

lr hid

llf|cndi, NIuh Ancf 2001 Rj\l Bos.d thkrnut

ardtina

hnp://.ruh iefefendi.pordprcs.conz00T/1 1107/rhk,bascd-imemdt

auditin!4comcnl-7996

(dfts:dOdobcr

1,2010)

Grimrfs. Dalid.

)AA6n

R6k bascl it

uiul

ardtit,e-

,1k

intodudi

'no

aonJld id ' b.- fi

e

.r

rodi.

oF ' renp

r

d r\,,

i '0d rj...

N.venrber 10. 2009).

crifilhs.

David

2006b

niti

r,r..1 nltmal or.litihg Tht.(

ritr:

on

hno://intem.laudit.biz/nletin.lcnc.larionlmpleme.rirq%2oRBIA%2()vl. I

.pdf(acescd

lulv3,

20101

Hal]nasan- Iman. 2046

L\vhturi

P..\et

lteht.rdn

RrJk Basa.l

I

tndt

tutit