Not WTP, BPK Gives Opinions Not To Provide Opinions To PAM Jaya, Why?

JAKARTA - The Supreme Audit Agency (BPK) has started conducting financial checks on regional-owned enterprises (BUMD). In Jakarta, PAM Jaya became the first BUMD to be audited for its financial statements.

In the 2022 financial report, BPK provides the opinion of Not Providing Opinions (TMP) or Disclaimer of Opinion to PAM Jaya. This is different from the DKI Jakarta Provincial Government which won an Unqualified Opinion (WTP) in the financial statements of the same year.

The Implementation of Not Providing Opinions from the BPK occurs when the auditor does not express his opinion on the report because the scope of the audit carried out is not enough to create an opinion.

This was conveyed by Member V of the BPK RI Ahmadi Noor Supit in the plenary meeting of the submission of the BPK examination report (LHP) to the DKI Provincial Government at the DKI Jakarta DPRD Building.

"Based on the results of the examination conducted by BPK, including the implementation of the action plan that has been implemented by PAM Jaya, BPK provides an opinion of Not Providing Opinions (Disclaimer) on PAM Jaya's financial report for the 2022 financial year," said Ahmadi Noor Supit, Monday, May 29.

There are a number of factors that caused the BPK to place the title of Not Providing Opinion to PAM Jaya. First, fixed assets until 1986 as well as building fixed assets and installations obtained in 1997 were recorded jointly without the support of asset details, capitalization and listing of assets remained inadequate, and permanent assets obtained by partners through a reward burden to generate income were neither presented nor disclosed.

"This has resulted in a fixed asset balance of IDR 867.23 billion which cannot be believed to be reasonable and the fixed assets presented and disclosed do not yet describe all fixed assets used to generate revenue," said Ahmadi Noor Supit.

Then, the management of unproductive supplies is not supported by adequate records and storage areas and opname stocks have never been carried out so that the balance of unproductive asset inventory of IDR 30.42 billion cannot be believed to be reasonable.

Furthermore, the recording of transactions resulting from the cooperation between PAM Jaya and partners on the Escrow Account was inadequate.

"So, the balance of Escort accounts as of December 31, 2022, worth IDR 790.58 billion, is not presented in the report on the financial position, the balance of funds worth IDR 48.42 billion is not yet clear about its rights and obligations, as well as the potential for less food for cash flow of operating activities in cash flow reports," he explained.

Then, the listing of subscription guarantee debt (UJL) is not supported by a complete and accurate list of details so that UJL's debt balance of Rp53.32 billion cannot be believed to be reasonable.

"The results of the examination of PAM Jaya's financial statements should not discourage, but rather become an impetus to always increase accountability and transparency in BUMD financial management," concluded Ahmadi Noor Supit.