Analysis of factors affecting on local government’s financial losses in North Sulawesi

Authors

  • Tutur Ompusunggu Sam Ratulangi University
  • Herman Karamoy Sam Ratulangi University
  • Hendrik Gamaliel Sam Ratulangi University

DOI:

https://doi.org/10.58784/cfabr.204

Keywords:

internal control effectivity, audit findings, audit opinion, completion of follow up audit results, characteristics of regional heads, local government’s financial losses

Abstract

This study intends to examine if internal control effectivity, audit findings, audit opinion, completion of follow up audit results and characteristics of regional head have impacts on local government’s financial losses. The study will use district and city local governments in North Sulawesi province as a case study to examine this relationship. Using a sample of 80 respondents in the year 2024, this study draws on primary sources to examine all of the local governments in North Sulawesi Province. Multiple linear regression analysis was processed by Smart PLS version 3.0 software program in order to analyze data and evaluate hypothesis. This study demonstrate that: (1) effectiveness of internal control system has a negative and significant effect on local government’s financial losses; (2) audit findings has negative and significant effect on local government’s financial losses; (3) audit opinion has negative and significant effect on local government’s financial losses; (4) completion of follow up audit results has negative and significant effect on local government’s financial losses; and (5) characteristics of regional heads has negative and significant effect on local government’s financial losses.

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Published

2024-09-19

How to Cite

Ompusunggu, T., Karamoy, H., & Gamaliel, H. (2024). Analysis of factors affecting on local government’s financial losses in North Sulawesi. The Contrarian : Finance, Accounting, and Business Research, 3(2), 226–240. https://doi.org/10.58784/cfabr.204

Issue

Vol. 3 No. 2 (2024)

Section

Articles

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Copyright (c) 2024 Tutur Ompusunggu, Herman Karamoy, Hendrik Gamaliel

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