Public Institutions Adopt Risk-Based Audits, Enhancing Transparency and Accountability
Risk-based audit is a new way of auditing that helps public institutions improve their internal controls and risk management. It focuses on reducing audit risk and enhancing the quality of internal audit work. This study looks at how risk-based audit can be applied in public institutions to make internal audits more effective. By analyzing the current situation in public institutions, the study provides recommendations on how to improve the internal audit process using risk-based audit.