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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