The Role of Internal Audit in Improving Risk Management Practices at Polytechnics in Indonesia: Mechanisms and Systems

Titi Suhartati (), Nedsal Sixpria and Hayati Fatimah
Additional contact information
Titi Suhartati: Accounting Department
Nedsal Sixpria: Accounting Department
Hayati Fatimah: Accounting Department

A chapter in Proceedings of the International Conference on Applied Science and Technology on Social Science 2025 (iCAST-SS 2025), 2025, pp 482-490 from Springer

Abstract: Abstract Risk management is an integral part of implementing effective governance in higher education in Indonesia. The Internal Monitoring Unit (SPI) is tasked with managing and supervising risk management. However, in its implementation, the role and function of internal audit have not been effective, which is due to a lack of control and oversight. Meanwhile, the implementation of risk management, especially risk assessment, which is the responsibility of SPI, has not been implemented optimally; this has an impact on the risk management function in higher education. This research aims to identify risk mitigation mechanisms and internal audit practices for risk management in higher education. This research employs a quantitative descriptive approach, utilizing a questionnaire (comprising 29 statements) to collect data and provide a general overview of the role of internal audit and risk management practices. The research sample was a polytechnic with Public Service Agency (BLU) status until 2024 (16 polytechnics). Data was collected from 30 respondents (institution leaders and auditors) by distributing questionnaires using a Likert scale (1–5). The results indicate that leaders and auditors devote considerable attention to risk management. Institutional leaders strive to develop and implement risk management in business processes. However, no system design effectively integrates internal audit and risk management practices in a structured and comprehensive manner.

Keywords: Audit; Mitigation; Mechanism; Risk; System (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-938-4_55

Ordering information: This item can be ordered from
http://www.springer.com/9789464639384

DOI: 10.2991/978-94-6463-938-4_55

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().