Factors influencing audit opinion of the Indonesian municipal governments’ financial statements

This study aims to obtain empirical evidence whether the criteria of forming an audit opinion have been significantly effecting audit opinion of municipal government financial statements in Indonesia. The considerations for expressing audit opinion are the deficiency in the internal control system (...

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Autores principales:	Bambang Pamungkas, Reisya Ibtida, Cendy Avrian
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2018
Materias:	audit opinion internal control system compliance to regulations conformity with government accounting standard Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/9a73599b83d8484f9436f20c692390b0
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spelling	oai:doaj.org-article:9a73599b83d8484f9436f20c692390b02021-12-02T14:07:57ZFactors influencing audit opinion of the Indonesian municipal governments’ financial statements2331-197510.1080/23311975.2018.1540256https://doaj.org/article/9a73599b83d8484f9436f20c692390b02018-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2018.1540256https://doaj.org/toc/2331-1975This study aims to obtain empirical evidence whether the criteria of forming an audit opinion have been significantly effecting audit opinion of municipal government financial statements in Indonesia. The considerations for expressing audit opinion are the deficiency in the internal control system (ICS), the non-compliance with regulations and laws, and the non-conformance with the Government Accounting Standards (GAS). The deficiency in internal control is analyzed by the number of findings on three categories, namely the number of weaknesses in the internal control structure, deficiency in the controlling system of revenue and expenditure budget realization, and the weakness in the accounting and reporting controlling system. The non-compliance with legislation is measured by the number of administrative findings and the ratio between the value of findings to the total value of expenditures of either the findings of regional losses, the potential regional losses, and the revenue shortfall. The non-conformances with the government accounting standard is represented by the number of accounts that were not presented in accordance with the GAS. The study is conducted on 182 municipal government financial statements for 2016 and 2015 financial years with the result of both the non-compliance with the regulations that result in regional losses and the non-conformance with the GAS have a negative effect on audit opinion, whereas the other criteria of forming audit opinion show no effect on audit opinions.Bambang PamungkasReisya IbtidaCendy AvrianTaylor & Francis Grouparticleaudit opinioninternal control systemcompliance to regulationsconformity with government accounting standardBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 5, Iss 1 (2018)
institution	DOAJ
collection	DOAJ
language	EN
topic	audit opinion internal control system compliance to regulations conformity with government accounting standard Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	audit opinion internal control system compliance to regulations conformity with government accounting standard Business HF5001-6182 Management. Industrial management HD28-70 Bambang Pamungkas Reisya Ibtida Cendy Avrian Factors influencing audit opinion of the Indonesian municipal governments’ financial statements
description	This study aims to obtain empirical evidence whether the criteria of forming an audit opinion have been significantly effecting audit opinion of municipal government financial statements in Indonesia. The considerations for expressing audit opinion are the deficiency in the internal control system (ICS), the non-compliance with regulations and laws, and the non-conformance with the Government Accounting Standards (GAS). The deficiency in internal control is analyzed by the number of findings on three categories, namely the number of weaknesses in the internal control structure, deficiency in the controlling system of revenue and expenditure budget realization, and the weakness in the accounting and reporting controlling system. The non-compliance with legislation is measured by the number of administrative findings and the ratio between the value of findings to the total value of expenditures of either the findings of regional losses, the potential regional losses, and the revenue shortfall. The non-conformances with the government accounting standard is represented by the number of accounts that were not presented in accordance with the GAS. The study is conducted on 182 municipal government financial statements for 2016 and 2015 financial years with the result of both the non-compliance with the regulations that result in regional losses and the non-conformance with the GAS have a negative effect on audit opinion, whereas the other criteria of forming audit opinion show no effect on audit opinions.
format	article
author	Bambang Pamungkas Reisya Ibtida Cendy Avrian
author_facet	Bambang Pamungkas Reisya Ibtida Cendy Avrian
author_sort	Bambang Pamungkas
title	Factors influencing audit opinion of the Indonesian municipal governments’ financial statements
title_short	Factors influencing audit opinion of the Indonesian municipal governments’ financial statements
title_full	Factors influencing audit opinion of the Indonesian municipal governments’ financial statements
title_fullStr	Factors influencing audit opinion of the Indonesian municipal governments’ financial statements
title_full_unstemmed	Factors influencing audit opinion of the Indonesian municipal governments’ financial statements
title_sort	factors influencing audit opinion of the indonesian municipal governments’ financial statements
publisher	Taylor & Francis Group
publishDate	2018
url	https://doaj.org/article/9a73599b83d8484f9436f20c692390b0
work_keys_str_mv	AT bambangpamungkas factorsinfluencingauditopinionoftheindonesianmunicipalgovernmentsfinancialstatements AT reisyaibtida factorsinfluencingauditopinionoftheindonesianmunicipalgovernmentsfinancialstatements AT cendyavrian factorsinfluencingauditopinionoftheindonesianmunicipalgovernmentsfinancialstatements
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Factors influencing audit opinion of the Indonesian municipal governments’ financial statements

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