Receiving the Unaudited LKPP For Fiscal Year 2024, BPK Expects the Quality of Reporting Will Continue to Strengthen Public Trust
Jakarta, Friday (March 21, 2025) – The Audit Board of the Republic of Indonesia (BPK) received the unaudited Financial Statements of the Central Government (LKPP) for Fiscal Year 2024 during the Entry Meeting for the Audit of LKPP for Fiscal Year 2024 held at BPK Head Office on Friday (3/21). The LKPP was submitted by the Government in accordance with Presidential Mandate Number R-11/Pres/02/2025 dated February 12, 2025, and was delivered by Minister of Finance, Sri Mulyani Indrawati, to Chair of BPK, Isma Yatun.
The audit of LKPP for fiscal year 2024 is unique in that it occurs amid a national leadership transition and represents the Government's strong commitment to accountability. BPK expressed its appreciation for the Government’s commitment to upholding transparency and its timely submission of the LKPP. It is hoped that the quality of reporting will continue to strengthen public trust.
Despite the challenges of the transition period, BPK also commended the Government’s proactive steps in mitigating risks, including the issuance of Minister of Finance Regulation (PMK) Number 90 of 2024, which governs the procedures for the implementation of the use of budgets and assets within Ministries/Institutions during the transition period and designates custodial Ministries/Institutions responsible for preparing financial statements and managing State Property until the liquidation of the Ministries/Institutions is completed. According to the PMK, the change in the usage status of State Property would occur after BPK completes the financial management and accountability audits of the Financial Statements of the Ministries/Institutions' Financial Statements (LKKL) and the LKPP for Fiscal Year 2024.
"Thus, this audit is not just a fulfilment of our mandate, but also a strategic step toward ensuring a smooth transition and the sustainability of accountable state financial governance," said BPK Chair Isma Yatun in her remarks.
To ensure accountability and transparency in state financial management, BPK will also conduct a Review of Fiscal Transparency Implementation as part of the 2024 LKPP audit. This review aims to provide a comprehensive conclusion about the Central Government’s compliance with fiscal transparency standards, drawing on international benchmarks such as the IMF Fiscal Transparency Code 2019, the IMF Fiscal Transparency Handbook 2018, and global best practices. This initiative demonstrates BPK’s commitment to the principles outlined in INTOSAI P-12 on the Value and Benefits of Supreme Audit Institutions—to deliver value and benefit to the lives of citizens.
Meanwhile, Board Member II of BPK, Daniel Lumban Tobing, stated that the audit of the LKPP for fiscal year 2024 will apply a Risk-Based Audit approach. Several key factors considered in this approach including the completion of follow-up actions on previous audit findings; the results of performance and specific purpose audits (PDTT) conducted by BPK in 2024 related to budget implementation and financial reporting, and various policies implemented throughout 2024, such as the establishment of new reporting entities like National Nutrition Agency and the National Quarantine Agency, the provision of grants to Regional Governments for simultaneous regional elections, and the continued use of the End of Fiscal Year Holding Account (RPATA) mechanism.
In the audit of LKPP for fiscal year 2024, BPK will focus on several areas, including the accuracy of LKPP account balance presentations; the accuracy of State Budget deficit realization and the calculation of mandatory spending in the education sector; the existence, completeness, accuracy, as well as revenues and liabilities on the Accumulated Budget Surplus (SAL), cash balances, and bank accounts owned or controlled by the State Treasurer (BUN), including the RPATA fund holding account; as well as the assessment, presentation, and disclosure of Government Investments—both permanent and non-permanent.
The Minister of Finance expressed her appreciation and reaffirmed the Government's commitment to maintaining effective communication and cooperation with BPK. She stated that the Government has followed up on all BPK recommendations and actively monitored their completion to encourage overall improvements.
Public Relations and International Cooperation Bureau