Risk-Based Audit: Facing the Challenges of Analyzing Complex Financial Data

Authors

  • Eko Priyojadmiko Institut Ilmu Quran An Nur Yogyakarta Author
  • Asri Ady Bakri Universitas Muslim Indonesia Author
  • Mesak Yandri Masela Universitas Lelemuku Saumlaki Author

DOI:

https://doi.org/10.62872/mvchez69

Keywords:

Risk Based Audit, Financial Data, Audit Challenges, Technology

Abstract

Risk-based auditing is an approach that is increasingly being applied to analyze complex financial data. This study aims to explore the challenges faced by auditors in implementing risk-based auditing, particularly in relation to the analysis of increasingly structured and unstructured financial data. The method used in this study is Systematic Literature Review (SLR) to identify and analyze various literatures relevant to the topic. The results show that although risk-based auditing is effective in identifying and managing risks contained in financial statements, its implementation faces significant challenges. Some of the key challenges include limited technical skills of auditors and difficulties in managing data spread across multiple information systems. To overcome these issues, companies need to invest in appropriate technology and provide adequate training for audit teams. In addition, strong management support is also an important factor in the successful implementation of risk-based auditing. This study concludes that with the right strategy, risk-based auditing can help improve audit quality and reduce company risk, despite the challenges faced. With the optimal application of technology, the audit process can be carried out more efficiently and accurately in analyzing complex financial data.

Downloads

References

Adrian, F. H., & Dewayanto, T. (2024). Integrasi Blockchain Dan Artificial Intelligence Pada Kurikulum Akuntansi: Systematic Literature Review. Diponegoro Journal of Accounting, 13(3). https://ejournal3.undip.ac.id/index.php/accounting/article/view/46059

Aqila, K. S., & Sisdianto, E. (2025). Analisis Integrasi Akuntansi Lingkungan Dan Csr Untuk Mencapai Tujuan Pembangunan Berkelanjutan Barbasis Digital. Jurnal Ilmiah Ekonomi, Manajemen, Bisnis Dan Akuntansi, 2(1), 508-577. https://ejurnal.kampusakademik.my.id/index.php/jemba/article/view/662

Azmal, S., Harmain, H., & Juliati, Y. S. (2023). Kedudukan Profesi Akuntan Dalam Perwujudan Sustainable Development Goals (SGD’s) 2030 Berbasis Green Technology. Reslaj: Religion Education Social Laa Roiba Journal, 5(6), 3540-3554. https://journal.laaroiba.com/index.php/reslaj/article/view/3748

Budiman, M. (2019). Pengaruh pengendalian internal, audit internal, risk based audit, komite audit dan whistleblowing system terhadap pencegahan kecurangan (fraud) serta implikasinya pada kualitas laporan keuangan (Doctoral dissertation, Sekolah Tinggi Ilmu Ekonomi YAI). http://repository.stie-yai.ac.id/746/1/TESIS%20MONIKA%20B.pdf

Faizah, F., Soemaryono, S., & Kamayanti, A. (2021). Studi Institusionalisasi Sistem Informasi Akuntansi Berbasis Cloud Server. Media Mahardhika, 20(1), 81-95. https://ojs.stiemahardhika.ac.id/index.php/mahardika/article/view/302

Feriyanto, O., Ilmi, A. N., Aulia, V., Jandriani, L. H., Safitri, S., & Irmayanti, E. (2024). Peran Akuntansi Terhadap Pengambilan Keputusan Bisnis Melalui Analisis Big Data (Studi Literatur). Jurnal Ilmiah Ekonomi, Manajemen, Bisnis Dan Akuntansi, 1(2), 602-613. https://ejurnal.kampusakademik.my.id/index.php/jemba/article/view/301

Helingo, S. N., Blongkod, H., & Wuryandini, A. R. (2024). The Influence of Accounting Understanding and Characteristics on the Quality of Financial Statements of MSMEs Fostered by Bank Indonesia. Dhana, 1(3), 1-8. https://nawalaeducation.com/index.php/JD/article/view/448

Ibrahim, R. D. B., Trisnasari, R. D., Salsabila, N. H., & Putri, D. M. (2022). Pentingnya Penerapan Audit Berbasis Informasi dan Teknologi (IT) Sebagai Sarana Pencegahan Fraud Di Masa Pandemi Covid-19. In Prosiding National Seminar on Accounting, Finance, and Economics (NSAFE) (Vol. 2, No. 6). http://conference.um.ac.id/index.php/nsafe/article/view/3677

Izzalqurny, T. R., & Utami, H. (2024). Penerapan Pembelajaran Audit Berbasis Risiko dengan Menggunakan Aplikasi Atlas (Kajian Literatur). In Prosiding National Seminar on Accounting, Finance, and Economics (NSAFE) (Vol. 4, No. 2). http://conference.um.ac.id/index.php/nsafe/article/view/9667

Judijanto, L., Al-Amin, A. A., & Nurhakim, L. (2024). Implementasi Teknologi Artificial Intelligence dan Machine Learning dalam Praktik Akuntansi dan Audit: Sebuah Revolusi atau Evolusi. COSMOS: Jurnal Ilmu Pendidikan, Ekonomi dan Teknologi, 1(6), 470-483. https://cosmos.iaisambas.ac.id/index.php/cms/article/view/183

Nisaa, R. K., Bahrim, S. M. S., & Kustiwi, I. A. (2024). Teknologi Digital dan Transformasi Internal Audit Terhadap Perlakuan Laporan Keuangan: Studi Literatur. Jurnal Mutiara Ilmu Akuntansi, 2(2), 263-277. https://ejurnal.stie-trianandra.ac.id/index.php/jumia/article/view/2596

Nisaa, R. K., Bahrim, S. M. S., & Kustiwi, I. A. (2024). Teknologi Digital dan Transformasi Internal Audit Terhadap Perlakuan Laporan Keuangan: Studi Literatur. Jurnal Mutiara Ilmu Akuntansi, 2(2), 263-277. https://ejurnal.stie-trianandra.ac.id/index.php/jumia/article/view/2596

Nisaa, R. K., Bahrim, S. M. S., & Kustiwi, I. A. (2024). Teknologi Digital dan Transformasi Internal Audit Terhadap Perlakuan Laporan Keuangan: Studi Literatur. Jurnal Mutiara Ilmu Akuntansi, 2(2), 263-277. https://ejurnal.stie-trianandra.ac.id/index.php/jumia/article/view/2596

Nopriyanto, A. (2025). Peran Audit Internal Dalam Meningkatkan Akuntabilitas Dan Transparansi Keuangan Perusahaan Publik. Komitmen: Jurnal Ilmiah Manajemen, 6(1), 1-11. https://journal.uinsgd.ac.id/index.php/komitmen/article/view/41614

Rejeki, S. S., & Sulistyowati, P. (2023). Automatisasi proses robotik dan dampaknya pada akuntansi. Jurnal Riset Manajemen dan Ekonomi (JRIME), 1(2), 221-248. https://jurnal.itbsemarang.ac.id/index.php/JRIME/article/download/648/612

Ritonga, A. Y. (2023). Peran audit internal dalam penerapan manajemen risiko perusahaan. Owner: Riset dan Jurnal Akuntansi, 7(3), 2348-2357. http://owner.polgan.ac.id/index.php/owner/article/view/1454

Santoso, A. H., Aristo, A. R. B., Christianto, E., Andam, S. K., Wijaya, W., Wijaya, H. A., ... & Aditama, A. K. P. (2024). Mengungkap Jejak: Praktik dan Metodologi Akuntansi Forensik. SIEGA Publisher. https://shorturl.at/YeiYs

Siti Aisyah, S. E., CWM, M., SSi, L. J., MM, M., Dewa, S. S., Akun, S., ... & Sos, S. (2023). Akuntansi Kreatif: Menyelami Dunia Bisnis dengan Pendekatan Inovatif. https://shorturl.at/Bz9a4

Sitorus, T. B. (2024). Membangun Fondasi Yang Kuat: Analisis Peraturan Big Data Dan Pemikiran Mendalam Tentang Kerangka Kerja. https://repository.uhn.ac.id/handle/123456789/10146

Syahronny, M. R., & Dewayanto, T. (2024). Penerapan Teknologi Artificial Intelligence Dan Blockchain Dalam Mendeteksi Fraud Pada Proses Audit: Systematic Literature Review. Diponegoro Journal of Accounting, 13(3). https://ejournal3.undip.ac.id/index.php/accounting/article/view/46067

Wiwik Pratiwi, W. P. (2021). Pengaruh Sistem Pengendalian Intern Dan Komitmen Organisasi Terhadap Fraud Melalui Good University Governance Pada Universitas Di Lembaga Layanan Pendidikan Tinggi Wilayah III (LL DIKTI III) (Doctoral dissertation, Universitas Persada Indonesia YAI). http://repository.stie-yai.ac.id/881/1/disertasi%20sidang%20tertutup%20new.pdf

Yuha, M. A. (2024). Dampak Kualitas Informasi Keuangan Dan Pengambilan Keputusan Terkait Dengan Konsep Teori Akuntansi Dalam Bisnis Modern. PESHUM: Jurnal Pendidikan, Sosial dan Humaniora, 4(1), 1305-1314. https://journal-nusantara.id/index.php/PESHUM/article/view/7110

Downloads

Additional Files

Published

2024-12-31

How to Cite

Risk-Based Audit: Facing the Challenges of Analyzing Complex Financial Data. (2024). Dhana, 1(4), 38-45. https://doi.org/10.62872/mvchez69