HEADLINES

LONDON, BPK Public Relations – The Audit Board of the Republic of Indonesia (BPK), represented by Director General of Audit VIII and International Organizations, Bahtiar Arif, as the Auditor in Charge, submitted audit results for the financial year 2024, encompassing both Financial and Performance Audits of International Maritime Organization (IMO) at the 134^th Session of IMO Council Meeting held in London, United Kingdom, on Monday (7/7).

On this occasion, BPK conveyed that Financial Statements of IMO for the financial year 2024 had been presented fairly, in accordance with International Public Sector Accounting Standards (IPSAS), and complied with the Organization’s Financial Regulations and Rules. However, BPK also provided several key recommendations to strengthen the Organization’s financial governance. These included expediting the development of an asset management policy and procedure manual aiming to make more orderly and consistent asset management across all units, reviewing the chart of accounts to enhance the financial reporting consistency, and updating the budget manual to make the budget preparation process more focused and effective.

For the performance audit, BPK focused on the vessel tonnage assessment process, which serves as the basis for calculating the contributions of IMO member states. In this audit, BPK recommended that IMO develop more standardized guidelines for verifying tonnage data, establish a cohesive regulatory framework, clarify vessel classification criteria, and develop a strategy to mitigate risks to ensure that fleet data used is accurate and accountable.

In addition, BPK appreciated IMO’s progress in following up on audit recommendations from previous years. As of 2025, IMO has successfully completed 82% of the audit recommendations issued since 2016, an increase from 78% in the previous year. This demonstrates IMO’s strong commitment to enhancing its governance and financial management systems.

The Director General of Audit VIII and International Organizations, as the Auditor in Charge, accompanied by Director of International Organization Audit I, Nanik Rahayu, and Team Leader of Performance Audit of IMO for 2025, Fery Irawan, expressed his appreciation to IMO for its cooperation and openness throughout the audit process. During the session, Secretary-General of IMO and several IMO Member States, including Brazil, Indonesia, Finland, and Malaysia, also praised BPK’s performance as the External Auditor of IMO.

BPK’s participation in this IMO Council Meeting further strengthens Indonesia’s contribution to promoting transparency and accountability in financial management within the international maritime sector, which is ultimately expected to benefit all member states.