Enhancing Efficiency and Transparency: UIN Jakarta Conducts Entry Meeting for Financial Report Audit in Fiscal Year 2024

Building Rectorate, UIN News Online - The Public Accountant Office (KAP) Ishak, Saleh, Soewondo & Partner performed an entry meeting audit of the financial report for Fiscal Year (FY) 2024 at UIN Syarif Hidayatullah Jakarta. The goal of this action is to increase accountability and transparency in university budget management.

The entrance meeting activity is conducted as part of the internal review of UIN Jakarta's 2024 financial report, according to the introduction given by Dr. Yulianti, M.Si., CGAE, CFA, Head of the UIN Jakarta Internal Supervisory Unit (SPI). KAP Ishak, Saleh, Soewondo & Partner, who were chosen from among several KAPs, administered the examination.

"The chosen KAP underwent a demanding selection procedure. The Board of Supervisors personally chose the top three KAPs from among the many who registered. Ultimately, we choose the most qualified candidate who fully meets the requirements to carry out the 2024 UIN Jakarta financial audit," he said.

Six Boni Istomo, Associate Partner at Ishak, Saleh, Soewondo & Partner Public Accounting Firm, expressed gratitude for his office's decision to audit the financial report of UIN Jakarta. In order to contribute to the financial report, we will carry out an audit in accordance with financial auditing standards. Additionally, we're determined to finish the audit on schedule," he said.

In the meanwhile, Prof. Dr. Imam Subchi M.A., Vice Rector for General Administration, disclosed the importance of the audit in order to guarantee accountability and transparency in the use of UIN Jakarta's budget. In addition, he said that UIN Jakarta's income and expenses continue to expand significantly.

While UIN Jakarta's income and expenses only amounted to IDR 650 billion in prior years, they reached IDR 947 billion in 2024. "This indicates a notable increase that requires appropriate management," he said.

Regarding the income, Prof. Imam said that it is impossible to detach the growth from the diligent efforts of all stakeholders at UIN Jakarta. UIN Syarif Hidayatullah Hajj Hospital's financial integration with the university's financial system is one of them.

The performance of many other divisions also contributes to the income gain. The Business Development Center made a substantial contribution as well. According to him, Syahida Inn's revenue, which was previously IDR 3 billion, has now climbed to IDR 8 billion, while the Business Development Center's revenue, which is typically IDR 300 million, has now increased to IDR 12 billion.

The reorganization of the Single Tuition Fee (UKT), which has not been modified in recent years, is another element that has contributed to the increase in income.

In order to assist UIN Jakarta's finance ability to raise the cavitas service's quality, he said, revenue growth is crucial. "It is imperative that we improve the learning infrastructure for students," he said.

Additionally, Prof. Asep Saepudin Jahar, M.A., Ph.D., Rector of UIN Jakarta, emphasized the significance of all university units in understanding budget performance with high utilization. He asserts that the efficacy and efficiency of the budget's utilization must also be taken into account.

In order to satisfy the demands of the academic community, particularly students, the budget must be allotted. Additionally, it has to be consistent with the internationalization initiative, which is not a front," he said.

Additionally, Prof. Asep believes that the elected KAP staff will be able to provide UIN Jakarta helpful suggestions for improved financial management. However, he also underlined that university financial managers will keep honing their abilities, particularly in comprehending financial sector regulations.

He continued by saying, "This is important to accelerate our financial governance orderly and nicely."

For your information, the audit activity is expected to begin on January 31 and completed by the submission of a final report on April 11. The audit activities consist of several stages, such as the data request and fulfillment stage from January 31 to February 21, the field work stage from February 17 to February 21, the data analysis stage from February 24 to March 14, the preparation of draft reports and discussions stage from March 24 to 27, and the final submission in the form of a final report on April 11.

Several leaders from UIN Jakarta's bureaus, institutions, colleges, and other units attended the Entry Meeting Audit of Financial Statements for Fiscal Year (FY) 2024. The seamless operation of the financial report audit process is what everyone can wish for. It is anticipated that the final assessments would reinforce UIN Syarif Hidayatullah Jakarta's financial governance which is efficient and transparent.

(Aidha A. Siregar/Ahmad A. /Yul/Zm/Muhamad Arifin Ilham)