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INTERNAL AUDIT

KULIAH 1

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DEFINITION

Internal auditing is an independent, objective

assurance and consulting activity designed to

add value and improve an organization's

operations. It helps an organizationaccomplish its objectives by bringing a

systematic, disciplined approach to evaluate

and improve the effectiveness of risk

management, control, and governanceprocesses.

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THE ROLE OF INTERNAL AUDITING

The role of internal audit is to provide

independent assurance that an organisations

risk management, governance and internal

control processes are operating efectively

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WHAT IS INTERNAL AUDITING

Internal auditing can also be recognized as an

organizational control that functions by

measuring and evaluating the effectiveness ofother controls.

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HISTORY OF

INTERNAL AUDITING

1. An early internal auditor often was viewed

as a financially oriented checker of records

and more of a police officer than a

coworker.

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HISTORY OF

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HISTORY OF

INTERNAL AUDITING

3. Internal auditing today involves a broad

spectrum of types of operational and

financial activity and levels of coverage. In

organizations today, internal auditing hasmoved beyond being a staff activity roughly

tied to the controllersorganization,

although internal audits role is constantly

being redefined.

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SARBANES-OXLEY (SOA)

Public AccountingReform and Investor

Protection Act (Aug 2002)

Established regulatory rulesfor public

accounting firms, auditing standards, andcorporate governance

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SARBANES-OXLEY (SOA)

SEC has taken over the process for

establishing auditing standards from the

AICPA through the Public Company

Accounting Oversight Board (PCAOB).

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SARBANES-OXLEY (SOA)

The major sections of SOA of interest to internalauditors.

1. Establishmentof PCAOB (Public Company

Acounting Oversight Board) -- IAI

2. Accounting Firm Inspections (PCAOB) PeerReview

3. Auditing Standards (PCAOB) - IAPI

4. Out of Scope Practices - PB VIII. A.2.

5. Audit Partner Rotations (5 years) Peraturan

Bapepam VIII. A.2

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SARBANES-OXLEY (SOA)

6. Audit Committee IndependencePB IX.I.5

7. Corp. Responsibility for Financial ReportsPB

VIII.G.11

8. Officer and Director BarsUU PT9. Internal Control ReportsX.K.6

10. Financial ExpertPB IX.I.5

11.Real Time Disclosure - X.K.6

12. Officer or Director Prohibitions UU PT

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PERATURAN TERKAIT IA

1. Peraturan Bapepam X.K.6 :Dalam laporan tahunan harus disampaikan uraian

mengenai sistem pengendalian interen (internal

control) yang diterapkan oleh perusahaan, paling

kurang mengenai:a) pengendalian keuangan dan operasional, serta

kepatuhan terhadap peraturan perundang-

undangan lainnya; dan

b) reviu atas efektivitas sistem pengendalian interen

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PERATURAN TERKAIT IA

2. Peraturan Bapepam IX.I.7 : Audit Internal

http://localhost/var/www/apps/conversion/Peraturan/Peraturan%20Pasar%20Modal/Bapepam%20IX.I.7%20Audit%20internal.pdfhttp://localhost/var/www/apps/conversion/Peraturan/Peraturan%20Pasar%20Modal/Bapepam%20IX.I.7%20Audit%20internal.pdf