BPK Encourages Audit on Financial Statements of KPU Fiscal Year 2024 Using a Risk-Based Audit Approach
JAKARTA, BPK Public Relations - The Audit Board of the Republic of Indonesia (BPK) remains committed to enhancing the efficiency and effectiveness of government financial audits using a risk-based audit (RBA) approach. This approach is designed to allocate resources efficiently and provide a comprehensive view of government performance outcomes in accordance with the announced vision and mission.
Board Member I of BPK Nyoman Adhi Suryadnyana conveyed it to the Chair of the General Election Commission (KPU) Mochammad Afifuddin during the entry meeting of the audit on financial statements of KPU fiscal year 2024, at KPU office in Jakarta on Friday (24/1).
BPK encourages each auditor to adopt a solution-based thinking approach while analysing and providing solutions to any issues found. This is in line with the expectations of the President of the Republic of Indonesia in the submission of the Summary of Audit Reports of First Semester of 2024 (IHPS I 2024), which highlights the importance of efficient government spending.
“Effective spending is expected to provide jobs, increase productivity, attract investment and foreign exchange, support technological innovation, and strengthen national defence and security,” said Board Member I of BPK.
As part of the audit stage, BPK has conducted an interim audit of the Financial Statements of KPU fiscal year 2024 at the Secretariat General and regional work units at the end of 2024.
BPK identified a number of risks that require special attention during the audit, including differences in the cash balance of election grants between the records of the expenditure treasurer and the actual cash balance, incomplete accountability for material and non-operational expenditures of the Adhoc Election Agency, and late submission of non-contractual goods/services expenditure bills.
In addition, BPK also conducted a more comprehensive risk analysis as a follow-up to the results of the previous interim audit. The audit focus for Financial Statements fiscal year 2024 will be on goods expenditures, capital expenditures, cash management, and fixed asset management.
Board Member I of BPK hoped that by implementing this entry meeting, the audit stages that have been determined will be carried out properly and completed on time without.
“We are confident that the well-established synergy between BPK and KPU will be the key to attaining a better Indonesia. We expect that the synergy would be maintained and continuous in order to achieve effective state financial management and accountability,” he said.
Board Member III of BPK, Akhsanul Khaq, Act. Director General of Audit I Sarjono, KPU members, the audit team of Financial Statements of KPU in 2024, as well as officials within the KPU and BPK also attended the event.