Application of Combined Assurance as a New Approach to Integrate Internal Audit, Governance, and Risk Management: A Case Study on Indonesia Financial Service Authority

摘要

This research analyzes the Indonesia Financial Service Authority (Otoritas Jasa Keuangan-OJK)'s best practices on assurance function to assure good corporate governance inside the institution. OJK introduces a new approach called 'combined assurance' to achieve this objective, which integrated all the risk management function between internal units, especially between assurance providers like the Internal Audit Division and Risk Management and Quality Assurance Division.