Key Audit Matters Implementation on Public Sector Audit Report: Case Study of the Audit Board of Indonesia
- https://doi.org/10.2991/assehr.k.210531.047How to use a DOI?
- Audit, Audit Opinion, Financial Audit, Key Audit Matters, Public Sector Audit
The Audit Board of Indonesia’s (BPK’s) opinion is recognized as one of the assessments of the performance of state financial management performed by the Indonesian government, both from the central government and regional government. Government financial reports have different functions and characteristics from private financial reports. This affects the characteristics and functions of public sector audits. This study examined whether ISA 701 concerning Key Audit Matters (KAM) issued by the International Auditing and Assurance Standards Board (IAASB) is applicable to BPK opinion, as an effort to overcome the information gap between auditors and users of audit reports. This study did not aim to find the best solution to overcome the information gap between auditors and readers of audit reports. This study elaborated standards with common practice used by leading public accounting firms to implement these standards, and then adjusted to the nature and characteristics of audits applied to the public sector. This study also found that ISA 701 provides constraints, which then become opportunities, in its application. The conclusion of this study is that KAM is applicable to public sector audits, by making adjustments according to the nature and characteristics of the audited object.
- © 2021, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Nathalya Tampubolon AU - Robert P. Tobing PY - 2021 DA - 2021/05/31 TI - Key Audit Matters Implementation on Public Sector Audit Report: Case Study of the Audit Board of Indonesia BT - Proceedings of the Asia-Pacific Research in Social Sciences and Humanities Universitas Indonesia Conference (APRISH 2019) PB - Atlantis Press SP - 374 EP - 379 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.210531.047 DO - https://doi.org/10.2991/assehr.k.210531.047 ID - Tampubolon2021 ER -