OJK Supports The Development Of Internal Audit Profession In Indonesia

JAKARTA - The Financial Services Authority (OJK) supports the development of the internal audit profession in Indonesia, one of which is through a certification program to improve the competence of internal auditors. OJK as a regulator in the financial services sector, periodically encourages the active role of internal auditors as 3rd line organizations, and supports the regular development of competence of internal auditors in order to have good standards, one of which is such as an internal audit-related certification program," said OJK Audit Board Chair Sophia Wattimena, in Jakarta, quoted from Antara, Wednesday, May 15. OJK also emphasized the need to optimize the use of technology such as generating AI and data analytics in order to create efficiency and effectiveness in the internal audit profession.

This is part of the development of important internal audit competencies in improving the governance of the financial services industry. This was conveyed by Sophia in the Seminar Road to the 2024 Internal Auditor Conference on Global Internal Audit Standards (GIAS) With Local Respectives: A Deep Dive Into Internal Audit Practices at Padjadjaran University Bandung, last weekend. Furthermore, Sophia said that internal audits must understand organizational risks, and be able to effectively communicate audit results to the board by conveying significant control weaknesses and root analysis of strong problems.

In addition, internal audit standards need to be updated to ensure alignment with internationally applicable standards such as Global Internal Audit Standards (GIAS). In addition to seminars, Road to Internal Auditor Conference 2024 activities are also followed by the inauguration of the Indonesia Internal Audit Innovation Center at Padjadjaran University which will focus on developing human resources (HR) and tools for the internal audit profession in Indonesia.