Internal Audit - Value for

Organization & CBOK

Nugraha Ramadhan - Muhammad Avisena - Malysha - M Cahyo Sawego

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Internal Audit
What is Internal Audit?

“Is a dynamic process that include evaluating and

improving the effectiveness of risk management,
control and governance processes in an organisation
to help them to achieve their objectives”
-IIA Australia-
Internal Audit
Role of Internal Audit

“The role of internal audit is to provide

independent assurance that an
organisation's risk management, governance
and internal control processes are operating
effectively.”
The Values
So, what are the values of IA for Organisation and board?

Internal auditors deal with issues that are fundamentally

important to the survival and prosperity of any organisation.
Internal auditors help organisations to succeed. IA do this
through a combination of assurance and consulting.

-IIA Global-
The Values
Cont.

The assurance part of their work involves telling

managers and governors how well the systems
and processes designed to keep the organisation
on track are working. Then, we offer consulting
help to improve those systems and processes
where necessary.
-IIA Global-
The Values
IA and The Board

“Internal Audit is the eyes and the ears of the

board, because they need to know whether the
risk are being well managed, but it can’t know
first hand. So they need somebody to act as
their agent”
-Ian Peters-
Chartered IIA CEO
Common Body of Knowledge
Apakah yang dimaksud dengan CBOK?
CBOK diberbagai profesi diartikan sebagai batas minimum kecakapan
yang dibutuhkan untuk kinerja yang lebih efektif dalam suatu profesi
tersebut. Dibanding menaruh semua pengetahuan dibidang yang mana
praktisi, seperti misalnya internal auditor, perlu terlihat “ahli” dalam
profesi tersebut, suatu CBOK lebih memfokuskan pada pengetahuan
minimal yang diperlukan oleh setiap professional dalam disiplin ilmu
tersebut untuk menghasilkan kinerja yang lebih efektif.
Common Body of Knowledge
What Does an Internal Auditor Need to Know ?

A CBOK focuses on the minimal knowledge needed by any

professional in that discipline to perform effectively.

Some of these (CBOK) are areas where an internal auditor must

have a strong knowledge and understanding.

Others are area where an internal auditor should develop a good

general awareness
Common Body of Knowledge
What is the importance of CBOK ? (IIAARF, 2006)

● Educating internal auditor about the role and responsibility of the proffession
● As a Standard to measure the performance of internal auditor
● Developing the proffession of Internal Auditor
● Become the basis to revise The International Standards for the Professional
Practice of Internal Auditing
● Test material in CIA
● Education material for Internal Auditor
● Basis of Internal Audit Quality Assessment procces
● IIA & IIARF Publication Material
● Framework for IIA Grand Strategy
Common Body of Knowledge
“What do I need to know to become an experienced,
qualified, and well‐recognized internal auditor?”
The IIA Research Foundations (IIARF) launched a major effort to develop such a
CBOKfor the internal audit profession. Its preliminary result, published in mid-2007,
describethe state of internal auditing professional practices throughout the world
including:
● The knowledge and skills that internal audit possess
● The skill and organizationl levels used for the practice of internal auditing work
● The actual duties perfomed by interal audtiors
● The structure of internal audit organizations
● The types of industries which practice internal audit
● The regulatory environment of various countries
● The tolls and technique used by internal auditor
● Staffing and proffessional development of Internal Auditor
● The growing role of internal auditor in the future
CBOK Requirements

● Importance of Internal Control

● Planning and Performing Internal Audit
● Organizing & Managing Internal Audit
● Impact of Information Technology on Internal Audit
● Internal Audit and Enterprise Governance
● Internal Auditor Professional Certifications
● Internal Auditing Professional Convergence
Common Body of Knowledge
CBOK IIARF Survey Result (2006)
● 82 persen telah mengikuti Standar IAS, setidak-tidaknya secara parsial.
Common Body of Knowledge
CBOK IIARF Survey Result (2006)
● 80 persen akan melakukan lebih banyak pekerjaan di bidang
manajemen risiko dan 63 persen akan melakukan lebih banyak
pekerjaan di bidang governance
Common Body of Knowledge
CBOK IIARF Survey Result (2006)
● Aktivitas audit internal dianggap efektif dan menambahkan nilai ke
dalam organisasi mereka (rata-rata respons skala 4, pada skala 1
sampai 5)
● Paling banyak fungsi-fungsi audit internal baru didirikan dalam lima
tahun terakhir
Common Body of Knowledge
CBOK IIARF Survey Result (2006)

● Penugasan audit internal umumnya didasarkan pada risiko terbesar

organisasi (pendekatan berbasis risiko)
Common Body of Knowledge
CBOK IIARF Survey Result (2006)

● Atribut penting untuk auditor internal adalah keterampilan analisis risiko

dan bisnis, kerahasiaan, objektivitas, serta etika.
Common Body of Knowledge

More expererienced internal auditors generally specialize in some

areas and have agreater levels of specific industry knowledge.

For all internal auditors,materials such as Committee of

Sponsoring Organizations(COSO) framework for internal controls,
or discussion of planning and performinginternal audits, and the
IIA internal audit standards, are essentials.
sumber
http://www.feb.unpad.ac.id/dokumen/files/Buku_referensi_Internal_Audit_Srihadi.pdf