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Impacts of the Covid-19 pandemic on the audit of local government financial statements: experience from Indonesia

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  • Irwan Taufiq Ritonga
  • Suyanto Suyanto

Abstract

This article provides some lessons for auditing during emergencies. First, during a pandemic, the supreme audit board (SAB) can maintain stability and its legitimacy by completing statutory audits in line with the law and, at the same time, by giving clean audit opinions despite a lack of persuasive audit evidence. Second, regulators should develop audit regulations and guidance for audit during unprecedented events. Third, local governments and the SAB should invest in information technology in order to perform audit procedures remotely and virtually.ABSTRACTThis article investigates the effects of the Covid-19 pandemic on the audit of local government financial statements in Indonesia. Auditors were only able to perform limited, simple audit procedures due to the large-scale social restrictions. Auditors completed their statutory audits by compromising in terms of accepting a higher audit risk, being more tolerant towards material misstatements and giving clean opinions.

Suggested Citation

  • Irwan Taufiq Ritonga & Suyanto Suyanto, 2022. "Impacts of the Covid-19 pandemic on the audit of local government financial statements: experience from Indonesia," Public Money & Management, Taylor & Francis Journals, vol. 42(6), pages 452-459, August.
    • Handle: RePEc:taf:pubmmg:v:42:y:2022:i:6:p:452-459
    DOI: 10.1080/09540962.2021.1964770
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    Cited by:

    1. Abbas Saad Hamada Alkhuzaie & Muzaffar Asad & Ala'a Zuhair Ahmad Mansour & Mohammed Ali Bait Ali Sulaiman & Umar Nawaz Kayani & Muhammad Uzair Asif, 2024. "Compliance with Accounting Standards by Jordanian SMEs," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 89-107.

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