BPK Appreciates The Ministry of Cooperatives and SMEs for Continuously Improving The Quality of State Financial Governance
JAKARTA, BPK Public Relations – Based on the audit carried out by the Audit Board of the Republic of Indonesia (BPK) on Financial Statements of Ministry of Cooperatives and Small and Medium Enterprises (SMEs) fiscal year 2022, BPK gives an Unqualified Opinion on the Financial Statements of the Ministry of Cooperatives and SMEs fiscal year 2022 in all material respects, in accordance with Government Accounting Standards.
“BPK appreciates the efforts made by the Minister of Cooperatives and SMEs and his officials to continuously improve the quality of state financial governance, so that BPK is able to give the Unqualified Opinion for the 13th times to the Ministry,” said Board Member II of BPK, Daniel Lumban Tobing when handing the Audit Reports on the Financial Statements of the Ministry of Cooperatives and SMEs in person to the Minister Teten Masduki. The submission took place in Jakarta on Wednesday (12/7).
According to him, in spite of obtaining Unqualified Opinion, BPK still finds some issues on internal control system and non-compliance with laws and regulations.
“Although such issues do not have any significant impacts to the presentation of the Financial Statements, they still need immediate follow-up actions made by all officials of the Ministry of Cooperatives and SMEs,” explained Board Member III on the audit report submission attended by Director General of Audit III, Nelson Ambarita, and all high-level officials of BPK and the Ministry of Cooperatives and SMEs.
One of the issues is the revenue management of Grand Smesco Hill (GSH) is inadequate, including the revenue of GSH that is not being budgeted in the business and budget plan, as well not being reported in the financial statements.
“For this issue, BPK recommends the Minister of Cooperatives and SMEs to instruct President Director of Marketing Services Agency for Cooperatives and SMEs to propose a definitive budget business plan that accommodates the GSH’s revenues and expenditures,” he stressed.
Other than handing the audit reports on Financial Statements of the Ministry of Cooperatives and SMEs fiscal year 2022, BPK also submits the Audit Reports on Financial Statements of Government Investment Budget Section (BA 999.03) for Revolving Fund fiscal year 2022 and the Audit Reports on Financial Statements of Subsidy Expenditure Budget Section (BA 999.07) for Guarantee Fee and Interest on People’s Business Credit fiscal year 2022.
Concluding his remarks, Board Member II of BPK reminds the Ministry of Cooperatives and SMEs to submit its explanation on the progress of audit recommendation follow-ups no later than 60 days after the Audit Reports are received.