UGM earns another optimum opinion, Normal without Exception, from external auditing institutions on its Financial Report 2016. According to Director of Finance of UGM, Haryono, M.Com., Akt., this was the result of commitment of each work unit of UGM to improve accountability on financial management.
“This assessment result is a collaboration between all work units of UGM. We, the financial unit, appreciate the hard work and commitment of every unit of UGM to enact the principle of good financial governance,” he said when being interviewed on Thursday (13/4) at UGM.
The optimum opinion for UGM was issued by accounting firm Sriyadi Elly Sugeng & associates that made the audit based on auditing standards established by the lnstitut Akuntan Publik lndonesia dan Standar Pemeriksaan Keuangan Negara that was set up by the Financial Auditing Agency.
The assessment states that the UGM financial report is presented normally in all material matters, the UGM financial position on 31 December 2016, and cash flow for the year ending on that date, all in line with the Financial Reporting Standards on non-listing entities in lndonesia.
Haryono added the financial management of UGM was also supported by the integrated system for budget drafting, treasury, up to reporting. After earning the optimum results a few years ago for the first time, UGM started to build accounting information system that integrates financial transaction recording of all work units.
The current system, according to Haryono, enabled the attainment of rapid financial reports. This quality improvement, is beneficial to the decision making at the top level.
The normal without exception predicate, according to Haryono, also showed the commitment of UGM in supporting public information openness. “This is a form of transparency for UGM accountability among the public. We will try to produce the best results in the context of financial accountability to the public,” said Haryono.