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
lkrkryadude D%lee i"
Feb,
,PAIIANG
20tI
oJ the
aquiand
of Ecotulti6
ht
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
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$ed
audir in PT?N lV
ir thc proa$ 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.
.l
-
k
K
w,d" InLryot'bd
thE Ft\uJndl?n"ht
kn\-Aa4dld
Sna
CI{APTER I
INTRO0UClION
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
or orebialional problens &d
problens. Activities
efedively
ed
ol
suascsls
business proce$es
ahendile sotulioN
o
$ose
i.lemat aldiring incllde ensunng oFralions
eincienllt. p.eve ing m{t investigarne iiaud, prorectins
4sets, md do.trollins the conplimce Nith laws. regxtalions,
toticies. md
procedur€s
fte
wi6in
the
o€miation.
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
be vi€wcd in the conrcxt ot helFing rhe
oremiation
e
orseizrion
nct
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.
r4fimline.oD
1ne
rchi€ycddt of o6jectiv6. MoNvd,
sirl€d rhat atrdil rnk is a
as
@nbimlid olthc rist dar mderisl
ems *ill occu in the acounrins pioces
and the risk rhe
ero6 wiU nor
dhcovered by audil tesls. AudiL rhk includcs uncerrainties due to
(smpline
riskl and
ro
olir- lacto^
([ft p7lll/w.venrureline.com/3.c.rniin
foD{t in
be
sm.tin!
(non-sanplins rhk)
Idcalh. rlsks slmuld be elnnloared. Nevenhclcss. n is jmpossiblctoclifrjnar
the
rhk. lhcrclire, the
I
suc.css
ol
prop.rt)r manaeinE
rist
beromes
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
slobaliy Rddns
lion .des
financial cnsis, which
srenedens the inponece of llre inlemal
wrr
d
nore conptex
as
$e derelopnent otthe
cwenl finucial syslcn, makjna rhc ote of a sbors jnlemal
incrednrsly necessary. Thus,
Nowadays, the
drc par. dre
ms
i1s
ii triggm
s
otrditnre
inrem'l ludninc lo co.rinuo to
focu of intemal auditing
has expericn.ed a
focu of the inlemal luditots rdte k
slc
o(u
or Euon md worldcom unlil $e rsenl global
6rrn*
audning tuncrion. The risks
naking
rejt
shit
s a ,,r.r1,s.
tn
Thus,
less favored by rhe pGence of orher orsanizlional unirs.
may be a logical consequence of the protession ot intcnat ludirors
job. which curot bc removed frcn ttre audir tunction. which n
whose
be'we. cxdineE Guditon) dd tnc pdy who bcing dxmrined
(auditee),
de in a posnion facins cach orher.
Al $is time, auditine
provide an
i+ullor
(EJIendi 200r.
pM
process
ha shined
as
rr?r,al .o"r,r,,^
improvehent ofexisiing systems
bd
act
s
who
a Mtatysr
2). The consuttant foi the nnemal auditor nrcdon is a
Elatively new rcle, which clries lhe nxemal audiro/s rolc lo incFase
kno\lledse and skilh on both
ID
oth-
dr
audnor
prolession
d lhe busnress aspcch.
hand, it is cxpcctcd lo assist nanasemcm in sotvins a probicm An
CIIATTDR V
CONCI,TISION AND RECOM]\TENDATION
Risk baed
ludil (RBIA) is
d
apprcach
hlcn by ihe
i
enal
audito$ 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
0)esero). risk
PTPN rV is
-
$ill
shoRs thal
based inLemal
in PL
Perkebunn
Nusdlra Iv
ludit is in the pro€ss to be pertomed.
in the prccess ofdeveloping rhe risk m@genenr policy
guirlelinc al PTPN
Iv
that
cu
be
u$d
a
ako nsk nerCement division md inlemal audn
hd limiled hunu
in identiryins risks,
a Eferencc
bit (Stt) in pTpN rv
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
key lo thc compny success. Thcrelore FTPN
tv
asscsrncnl pro.esses and efeclive way ro cnablc
inporlmr
shoutlj do nsk
dd
nraximize the
PL P.rk.bunr. Nusinh'.
rni A.R J Dlderand
Nl
l\ {l,oi.r,l
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/
lNtilulc ol Intemd
Irtnal Aulitnk
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
aonJld id b.- fi e .r rodi. oF renp r d r\,, i
'0d rj.....
'
'no
'
N.venrber
10. 2009).
crifilhs. David 2006b niti r,r..1 nltmal or.litihg Tht.( ritr:
hno://intem.laudit.biz/nletin.lcnc.larionlmpleme.rirq%2oRBIA%2()vl.
.pdf(acescd lulv3,
on
I
20101
Hal]nasan- Iman. 2046 L\vhturi P..\et lteht.rdn RrJk Basa.l I tndt tutit
Llalani ttcfn.l ,1 di1 ?lrb.nkan lstudi Kurr\ P.d. ]lonk Bukotin (ih t!
,n,?nq, O!6.,?9 Ilnn erilas l\i.ldocsa Surab.va.
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
lkrkryadude D%lee i"
Feb,
,PAIIANG
20tI
oJ the
aquiand
of Ecotulti6
ht
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
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$ed
audir in PT?N lV
ir thc proa$ 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.
.l
-
k
K
w,d" InLryot'bd
thE Ft\uJndl?n"ht
kn\-Aa4dld
Sna
CI{APTER I
INTRO0UClION
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
or orebialional problens &d
problens. Activities
efedively
ed
ol
suascsls
business proce$es
ahendile sotulioN
o
$ose
i.lemat aldiring incllde ensunng oFralions
eincienllt. p.eve ing m{t investigarne iiaud, prorectins
4sets, md do.trollins the conplimce Nith laws. regxtalions,
toticies. md
procedur€s
fte
wi6in
the
o€miation.
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
be vi€wcd in the conrcxt ot helFing rhe
oremiation
e
orseizrion
nct
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.
r4fimline.oD
1ne
rchi€ycddt of o6jectiv6. MoNvd,
sirl€d rhat atrdil rnk is a
as
@nbimlid olthc rist dar mderisl
ems *ill occu in the acounrins pioces
and the risk rhe
ero6 wiU nor
dhcovered by audil tesls. AudiL rhk includcs uncerrainties due to
(smpline
riskl and
ro
olir- lacto^
([ft p7lll/w.venrureline.com/3.c.rniin
foD{t in
be
sm.tin!
(non-sanplins rhk)
Idcalh. rlsks slmuld be elnnloared. Nevenhclcss. n is jmpossiblctoclifrjnar
the
rhk. lhcrclire, the
I
suc.css
ol
prop.rt)r manaeinE
rist
beromes
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
slobaliy Rddns
lion .des
financial cnsis, which
srenedens the inponece of llre inlemal
wrr
d
nore conptex
as
$e derelopnent otthe
cwenl finucial syslcn, makjna rhc ote of a sbors jnlemal
incrednrsly necessary. Thus,
Nowadays, the
drc par. dre
ms
i1s
ii triggm
s
otrditnre
inrem'l ludninc lo co.rinuo to
focu of intemal auditing
has expericn.ed a
focu of the inlemal luditots rdte k
slc
o(u
or Euon md worldcom unlil $e rsenl global
6rrn*
audning tuncrion. The risks
naking
rejt
shit
s a ,,r.r1,s.
tn
Thus,
less favored by rhe pGence of orher orsanizlional unirs.
may be a logical consequence of the protession ot intcnat ludirors
job. which curot bc removed frcn ttre audir tunction. which n
whose
be'we. cxdineE Guditon) dd tnc pdy who bcing dxmrined
(auditee),
de in a posnion facins cach orher.
Al $is time, auditine
provide an
i+ullor
(EJIendi 200r.
pM
process
ha shined
as
rr?r,al .o"r,r,,^
improvehent ofexisiing systems
bd
act
s
who
a Mtatysr
2). The consuttant foi the nnemal auditor nrcdon is a
Elatively new rcle, which clries lhe nxemal audiro/s rolc lo incFase
kno\lledse and skilh on both
ID
oth-
dr
audnor
prolession
d lhe busnress aspcch.
hand, it is cxpcctcd lo assist nanasemcm in sotvins a probicm An
CIIATTDR V
CONCI,TISION AND RECOM]\TENDATION
Risk baed
ludil (RBIA) is
d
apprcach
hlcn by ihe
i
enal
audito$ 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
0)esero). risk
PTPN rV is
-
$ill
shoRs thal
based inLemal
in PL
Perkebunn
Nusdlra Iv
ludit is in the pro€ss to be pertomed.
in the prccess ofdeveloping rhe risk m@genenr policy
guirlelinc al PTPN
Iv
that
cu
be
u$d
a
ako nsk nerCement division md inlemal audn
hd limiled hunu
in identiryins risks,
a Eferencc
bit (Stt) in pTpN rv
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
key lo thc compny success. Thcrelore FTPN
tv
asscsrncnl pro.esses and efeclive way ro cnablc
inporlmr
shoutlj do nsk
dd
nraximize the
PL P.rk.bunr. Nusinh'.
rni A.R J Dlderand
Nl
l\ {l,oi.r,l
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/
lNtilulc ol Intemd
Irtnal Aulitnk
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
aonJld id b.- fi e .r rodi. oF renp r d r\,, i
'0d rj.....
'
'no
'
N.venrber
10. 2009).
crifilhs. David 2006b niti r,r..1 nltmal or.litihg Tht.( ritr:
hno://intem.laudit.biz/nletin.lcnc.larionlmpleme.rirq%2oRBIA%2()vl.
.pdf(acescd lulv3,
on
I
20101
Hal]nasan- Iman. 2046 L\vhturi P..\et lteht.rdn RrJk Basa.l I tndt tutit
Llalani ttcfn.l ,1 di1 ?lrb.nkan lstudi Kurr\ P.d. ]lonk Bukotin (ih t!
,n,?nq, O!6.,?9 Ilnn erilas l\i.ldocsa Surab.va.