Analysis of the Role of Risk Based Audit in Banking
DOI:
https://doi.org/10.62504/jimr629Keywords:
analisis audit, risiko, perbankanAbstract
Risk based audit (RBA) is an approach that is increasingly being applied in the banking sector to increase the effectiveness of risk management and compliance with regulations. This approach helps banks identify high-risk areas and prioritize audits according to the level of risk. This research uses qualitative methods with a literature research approach. Data sources consist of scientific journal articles, books, reports and documents related to risk-based and banking audits. Research findings show that the RBA has several key roles in improving banking performance. First, RBA improves operational efficiency and effectiveness by focusing audits on high-risk areas. Second, the RBA enables banks to proactively identify and manage risks, thereby strengthening financial and operational stability. Third, the RBA ensures that banks are more compliant with regulations and industry standards, reducing the risk of sanctions and fines. In addition, the implementation of RBA encourages the formation of a strong risk management culture and the use of information technology to support the risk management process. Risk based audit plays a significant role in improving banking performance. By improving operational efficiency, managing risk proactively, ensuring regulatory compliance, establishing a strong risk management culture, and leveraging technology, banks can achieve stability and better performance in the long term. These findings support the importance of implementing RBA as the main strategy in risk management and supervision in the banking sector.
Downloads
References
Achjar, K. A. H., Rusliyadi, M., Zaenurrosyid, A., Rumata, N. A., & ... (2023). Metode Penelitian Kualitatif: Panduan Praktis untuk Analisis Data Kualitatif dan Studi Kasus. books.google.com. https://books.google.com/books?hl=en&lr=&id=yp7NEAAAQBAJ&oi=fnd&pg=PA43&dq=metode+penelitian&ots=E55TqTwQJe&sig=BQDZN4IZci0IZGbF91fQehwFTmU
Anindyajati, H. (2020). Penerapan audit internal berbasis risiko (Risk Based Internal Audit) pada kondisi pandemi corona virus diseases: Studi kasus pada Lembaga Penjamin …. Program Studi MAKSI-PPAk FEBUI.
Assyakurrohim, D., Ikhram, D., Sirodj, R. A., & ... (2023). Metode studi kasus dalam penelitian kualitatif. … Pendidikan Sains Dan …. https://jurnal.itscience.org/index.php/jpsk/article/view/1951
Athari, S. A. (2022). Examining the impacts of environmental characteristics on Shariah-based bank’s capital holdings: Role of country risk and governance quality. The Economics and Finance Letters, Forthcoming. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4300746
Betti, N., & Sarens, G. (2021). Understanding the internal audit function in a digitalised business environment. Journal of Accounting & Organizational Change, 17(2), 197–216.
Budianto, E. W. H. (2023). Research Mapping on Credit Risk in Islamic and Conventional Banking. AL-INFAQ: Jurnal Ekonomi Islam, 14(1), 73–86.
Cheng, Q. (2021). Corporate Strategy and Risk-Taking Level—Based on the Regulatory Role of Audit Quality. In Open Journal of Business and Management. scirp.org. https://www.scirp.org/journal/paperinformation.aspx?paperid=110475
Choudhry, M. (2022). The principles of banking. John Wiley & Sons. https://books.google.com/books?hl=id&lr=&id=77GAEAAAQBAJ&oi=fnd&pg=PR19&dq=Types+of+Risk+in+Banking&ots=2zvETD2fZD&sig=LhE6z6BZL6lNsTH6Zx08aapJYKM
Fan, H., & Pan, H. (2020). The Effect of Shadow Banking on the Systemic Risk in a Dynamic Complex Interbank Network System. Complexity, 2020, 1–10. https://doi.org/10.1155/2020/3951892
Gortsos, C. V. (2023). Key Institutional Aspects of the International Financial Architecture and an Interim Assessment. In C. V. Gortsos, The European Banking Regulation Handbook, Volume I (pp. 161–198). Springer International Publishing. https://doi.org/10.1007/978-3-031-32859-6_3
Hassanein, A., & Elsayed, N. (2021). Voluntary risk disclosure and values of FTSE350 firms: The role of an industry-based litigation risk. … of Managerial and Financial …. https://doi.org/10.1504/IJMFA.2021.117768
Komarek, A. M., De Pinto, A., & Smith, V. H. (2020). A review of types of risks in agriculture: What we know and what we need to know. Agricultural Systems, 178, 102738.
MARZOUK, M. (2023). The Role of Compliance Technologies in Helping UK Banks Mitigate Trade-Based Money Laundering (TBML) According to The Regulatory Risk-Based …. researchportal.port.ac.uk. https://researchportal.port.ac.uk/files/83134392/The_Role_of_Compliance_Technologies_in_Helping_UK_Banks_Mitigate_Trade_Based_Money_Laundering_According_to_RBA_PhD_Thesis_Mariola_Marzouk.pdf
Matthews, K., Thompson, J., & Zhang, T. (2023). Economics Of Banking, The. World Scientific. https://books.google.com/books?hl=id&lr=&id=k1jcEAAAQBAJ&oi=fnd&pg=PR5&dq=Types+of+Risk+in+Banking&ots=WwjJsTvOlY&sig=kSReYgcDhriJ7D4jgqPAwz1Y3fk
Muharam, R. (2022). ANALISIS PENERAPAN AUDIT INTERNAL BERBASIS RISIKO DENGAN MENGADOPSI ISO 27001 DAN COBIT 5 (Studi Kasus pada Industri Business Process …. repository.unas.ac.id. http://repository.unas.ac.id/id/eprint/5141
Murinde, V., Rizopoulos, E., & Zachariadis, M. (2022). The impact of the FinTech revolution on the future of banking: Opportunities and risks. International Review of Financial Analysis, 81, 102103.
Pangarsa, B. A. (2021). Audit Internal Berbasis Risiko Bidang Perkreditan di Bank X. repository.uksw.edu. https://repository.uksw.edu/handle/123456789/22465
Purba, R. V., Syarifuddin, S., & ... (2023). Penerapan Audit Berbasis Risiko sebagai Pemoderasi Pengaruh Kompetensi dan Independensi Auditor Terhadap Kualitas Audit. Co-Value Jurnal Ekonomi …. http://journal.ikopin.ac.id/index.php/covalue/article/view/3543
Ramadhan, M. A., Lannai, D., Ramdani, M. R., & ... (2022). Pengaruh Independensi dan Integritas Auditor Terhadap Kualitas Audit Dengan Audit Berbasis Risiko Sebagai Variabel Moderasi Pada Kantor Akuntan Publik Kota …. Paradoks: Jurnal Ilmu …. https://jurnal.feb-umi.id/index.php/PARADOKS/article/view/284
Rawashdeh, A., Bakhit, M., & ... (2023). The mediating role of control risk in the relationship between technological factors and AI-based predictive analytics adoption: Evidence from audit firms in the US. … Conference on Business …. https://ieeexplore.ieee.org/abstract/document/10111182/
Roussy, M., Barbe, O., & Raimbault, S. (2020). Internal audit: From effectiveness to organizational significance. Managerial Auditing Journal, 35(2), 322–342.
St-Germain, A. F., & Tarasuk, V. (2020). … and risk of food insecurity: Examining the role of housing debt, housing expenditure and housing asset using a cross-sectional population-based survey of …. In International Journal for Equity in …. Springer. https://doi.org/10.1186/s12939-019-1114-z
Tiriongo, S., Josea, K., & Mulindi, H. (2023). Risk-based credit pricing in Kenya: The role of banks’ internal factors. econstor.eu. https://www.econstor.eu/handle/10419/271525
Usman, A., Ahmad, A. C., & ... (2023). The role of internal auditors characteristics in cybersecurity risk assessment in financial-based business organisations: A conceptual review. International Journal of …. https://dialnet.unirioja.es/servlet/articulo?codigo=9059393
Van Greuning, H., & Bratanovic, S. B. (2020). Analyzing banking risk: A framework for assessing corporate governance and risk management. World Bank Publications. https://books.google.com/books?hl=id&lr=&id=PFPsDwAAQBAJ&oi=fnd&pg=PT11&dq=Types+of+Risk+in+Banking&ots=dAHkMGg3FC&sig=usPygMbYtnZS0ViBhfXo7xOpCtM
Yang, K., Huo, X., Sun, Z., Li, P., Sindakis, S., & ... (2023). Investigating The Role of Accounting Information Comparability in Mitigating Stock Price Crash Risk: Evidence from China’s Knowledge-Based Economy. Journal of the Knowledge …. https://doi.org/10.1007/s13132-023-01475-7
Мюллер, В., Кузнєцова, А. Я., Христофорова, О. М., Карпачова, О. В., & Сулима, М. О. (2020). Accounting and Auditing according to International Standards as a managment function. Financial and Credit Activity Problems of Theory and Practice, 4(35), 60–68.
Downloads
Published
Issue
Section
License
Copyright (c) 2024 Tuti Dharmawati, Wa Ode Muhardiana, Ayu Puspita Rini, Ulvy Restiana Parintak, Sri Ardita Vitara Sartono Farihu (Author)
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
