BPK Reaffirms Professionalism in Financial Statement Audit of OJK and Ministry of Investment

The Supreme Audit Board (BPK) has reaffirmed its commitment to maintaining professionalism, accountability, and strengthening inter-agency synergy in the implementation of Financial Statement (LK) audits of the Financial Services Authority (OJK) and the Ministry of Investment and Downstream Industry/BKPM for 2025.

This commitment was conveyed by BPK Member II, Daniel Lumban Tobing, during two separate entry meeting agendas with OJK and Kemeninveshil/BKPM. The entry meetings serve as the initial stage of unaudited financial statement audits before BPK issues an opinion on the fairness of each institution’s financial statements.

“BPK audits are conducted using a risk-based approach whilst upholding professional standards and audit ethics,” Daniel stated during the agenda for presenting unaudited financial statements and the entry meeting for OJK’s 2025 financial statement audit, which was attended by acting Chair and Deputy Chair of OJK’s Board of Commissioners, Friderica Widyasari Dewi.

Daniel emphasised the importance of communication, coordination, and collaboration between BPK and OJK so that the audit process can be completed on time whilst providing added value in strengthening financial governance in the financial services sector. According to him, inter-agency synergy is key to ensuring that audit results not only produce opinions but also drive continuous improvement.

“With a tight audit schedule, we hope that effective communication and collaboration with OJK can be maintained so that BPK’s audit can be carried out according to the established timeline,” he said.

He explained that audits are conducted in accordance with applicable laws and regulations and are guided by the State Financial Audit Standards (SPKN) and BPK’s Code of Ethics. SPKN is regulated in BPK Regulation No. 1 of 2017, which sets out the professional requirements for auditors, the quality of audit implementation, and reporting standards. Meanwhile, the BPK Code of Ethics is regulated in BPK Regulation No. 4 of 2018, which must be complied with by all auditors.

“All BPK auditors are required to comply with SPKN and the BPK Code of Ethics so that the audit process proceeds objectively, independently, and professionally,” Daniel stated.

Through the two entry meeting agendas, BPK hopes that the 2025 financial statement audits at OJK and Kemeninveshil/BKPM can proceed smoothly, objectively, and on schedule. BPK also targets that audit results will contribute meaningfully to strengthening transparency, accountability, and public confidence in the management of state finances.