THE EFFECT OF RISK-BASED INTERNAL AUDIT (RBIA) IMPLEMENTATION ON AUDIT QUALITY DURING THE COVID-19 PANDEMIC
Keywords:
Risk Based Internal Audit, Audit Quality, Covid-19 PandemicAbstract
The goal of this study was to ascertain whether the deployment of risk-based internal audits at the National Social Security Agency for Employment or BPJS Ketenagakerjaan has an impact on audit quality during the Covid-19 pandemic. The subject of this study was a sample of 73 respondents who worked as auditors for the National Social Security Agency for Employment or BPJS Ketenagakerjaan Internal Supervisory Unit. Based on the findings of this research, the use of risk-based internal audit with indicators identifying universal audit, type of audit, risk audit, data nature audit, and these three intensity positions during the Covid-19 pandemic. During the pandemic, there was a positive and significant impact on the quality of audits at the BPJS Employment Internal Monitoring Unit, the National Social Security Agency for Employment. Changes to audit rules, as well as artificial intelligence training, network security and development of data functions, can all be done to improve the quality of auditor human resources and combat the impact of Covid 19 on audit quality.
References
Adam, Stuart., Phillips, David & Roantree, Barra. (2019). 35 years of reforms: A panel analysis of the incidence of, and employee and employer responses to, social security contributions in the UK. Journal of Public Economics, 171, 29–50. https://doi.org/10.1016/j.jpubeco.2018.05.010
Aguinis, Herman & Burgi-Tian, Jing. (2021). Talent management challenges during COVID-19 and beyond: Performance management to the rescue. BRQ Business Research Quarterly, 24(3), 233–240. https://doi.org/10.1177/23409444211009528
Arifin, Arifin., Mediaty, Mediaty., Arifuddin, Arifuddin & Karim, Rusdi Abdul. (2018). The Effect of Time Budget Pressure and Task Complexity on the Performance of Government Internal Auditors with Emotional Intelligence as Moderation Variables. International Journal of Advanced Engineering Research and Science, 5(8), 138–151. https://doi.org/10.22161/ijaers.5.8.19
Bae, Jaewan & Kang, Kang. (2023). The role of labor in cash holdings: Evidence from the supply-side impact of COVID-19. Economics Letters, 224. https://doi.org/10.1016/j.econlet.2023.111034
Barusman, Andala Rama Putra., Nurdiawansyah, Nurdiawansyah., Warganegara, Tri Lestira Putri & Mega, Selfia Alke. (2020). Influence of Company Characteristics on Carbon Disclosure Emissions on Manufacturing Companies in Indonesia. International Journal of Advanced Science and Technology, 29(6), 1423–1431.
Christopher, Joe. (2018). The Failure of Internal Audit: Monitoring Gaps and a Case for a New Focus. Journal of Management Inquiry, 28(4), 472–483. https://doi.org/10.1177/1056492618774852
Gantz, Stephen D. (2014). Chapter 2 - Auditing in Context. In S. D. Gantz (Ed.), The Basics of IT Audit (pp. 21–43). Syngress. https://doi.org/https://doi.org/10.1016/B978-0-12-417159-6.00002-X
Geetha, D., Kulkarni, Vinayak N.., Kulkarni, Sanjay., Gaitonde, V. N., & Kotturshettar, B. B. (2020). Simulation study and analysis of inventory stock taking in manufacturing industry. IOP Conference Series: Materials Science and Engineering, 872(1). https://doi.org/10.1088/1757-899X/872/1/012071
Gibbs, Michael., Mengel, Friederike & Siemroth, Christoph. (2023). Work from Home and Productivity: Evidence from Personnel and Analytics Data on Information Technology Professionals. Journal of Political Economy Microeconomics, 1(1), 7–41. https://doi.org/10.1086/721803
Lee, Shue Ching., Su, Jau Ming., Tsai, Sang Bing., Lu, Tzu Li., Dong, Weiwei . (2016). A comprehensive survey of government auditors’ self-efficacy and professional development for improving audit quality. SpringerPlus, 5(1), 1–25. 10.1186/s40064-016-2903-0
Moktadir, Abdul., Paul, Sanjoy Kumar., Kumar, Anil., Luthra, Sunil., Ali, Syed Mithun & Sultana, Razia. (2023). Strategic drivers to overcome the impacts of the COVID-19 pandemic: implications for ensuring resilience in supply chains. Operations Management Research, 16(1), 466–488. https://doi.org/10.1007/s12063-022-00301-8
Oikonomou, Myrto., Pierri, Nicola & Timmer, Yannick. (2023). IT shields: Technology adoption and economic resilience during the COVID-19 pandemic. Labour Economics, 81. https://doi.org/10.1016/j.labeco.2023.102330
Probst, Tahira M., Gailey, Nicholas J., Jiang, Lixin & Bohle Sergio López. (2017). Psychological capital: Buffering the longitudinal curvilinear effects of job insecurity on performance. Safety Science, 100, 74–82. https://doi.org/https://doi.org/10.1016/j.ssci.2017.02.002
Sihombing, Ranto Partomuan. (2023). Mapping of Internal Audit Quality on the Public Sector in Indonesia: A Systematic Review. Jurnal Economia, 19(1), 81–94. https://doi.org/10.21831/economia.v19i1.38073
Xie, Xiaofei. (2020). Internal Audit Strategies for Dealing With Digital Risk in the Digital Economy. 2nd International Scientific and Practical Conference on Digital Economy (ISCDE 2020).
Zakiyy, Norman. (2021). Legitimizing Workforce Reduction: A Review on Impact of COVID-19 Outbreak to the Economy. European Journal of Interdisciplinary Studies, 7(2).
