JAKARTA (Yosefardi) – The Supreme Audit Board, also known as BKP, urges state-owned enterprises (SoE), or state companies, to implement Non Cash Transaction (NCT), aiming to improve the transparency and effectiveness on audit for financial reports.
BK chairman Hadi Poernomo told the press on Friday (Jan 17) that the NCT would prompt state companies to prudently make such a policy and would speed up the accountability report.
The current manual financial report, according to Hadi, is prone to subjectivity, intervention, and validity of data.
For example, Hadi refers to the Hambalang sport center scandal, state construction firm PT Adhi Karya Tbk as the contractor for the project did manual transactions on the project, then the flow of money could not be easily traced.
In Indonesia, 99.5% of transactions are conducted using cash – and the number of cashless transactions is growing at an annual rate of 23 percent. Conversely, in Malaysia 92.5% of transactions are in cash, but electronic transactions are growing at a comparatively modest 9 percent annually.
BPK and the Jakarta administration had in December 2013 signed a memorandum of understanding (MoU) on NCT system for the city that is hoped to help prevent instances of corruption among city officials.