Enhancing Internal Audit Effectiveness Through Global Internal Audit Standards: Insights From A Social Insurance Case
DOI:
https://doi.org/10.22219/jrak.v15i2.40532Keywords:
Global Internal Audit Standards, Internal Audit Function, Public Sector, Social Insurance ProgramAbstract
Purpose: Investigates the implementation of GIAS (Global Internal Audit Standards) within the internal audit function of social insurance program
Methodology/approach: Using a qualitative method with a case study approach by conducting interviews with five key respondents. Subsequently, supporting documents are analyzed as primary data to assess the consistency of interviews result.
Findings: The implementation of GIAS for the social insurance program still requires development in several areas, particularly regarding internal audit planning and strategy, technology resources, engagement conclusions, and funding determined by authorities. This indicates the need for strengthened support and collaboration with the audit committee as the board, senior management, and key stakeholders to enhance the effectiveness of the internal audit function.
Practical implications: To provide a comprehensive understanding of the process of implementing new standards within GIAS, including but not limited to the public sector, through the identification of challenges encountered during the implementation process. These challenges may include issues related to internal audit planning and strategy, technological resources, engagement conclusions, and funding as determined by the relevant authorities. Therefore, it is essential to strengthen support and foster collaboration with the audit committee as the board, the board of directors, and key stakeholders.
Originality/value: Implementation of the new standards within GIAS in the public sector, using a case study on the social insurance program, which provides practical recommendations to address the challenges encountered during the implementation of these new standards.
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