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Jurnal Akuntansi & Investasi
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253
Articles
Audit Quality: Does Time Pressure Influence Independence and Audit Procedure Compliance of Auditor?

Amalia, Firda Ayu ( Universitas Muhammadiyah Malang ) , Sutrisno, Sutrisno ( Universitas Brawijaya ) , Baridwan, Zaki ( Universitas Brawijaya )

Journal of Accounting and Investment Vol 20, No 1: January-April 2019
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

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Abstract

This research was aimed to empirically examine the effect of independence and audit procedure on audit quality with time budget pressure as moderator variable. The population comprised auditors working on Public Accountant Office (KAP) in East Java, while the samples consisted of 45 respondents. This study used a survey technique is by questionnaire as data collection techniques. The PLS was used for data analysis. The result showed that the independence and audit procedure positively affected the audit quality. The variable of time budget pressure as moderator was capable to enfeeble the relation between the independence and audit quality, and also to reinforce the relation between audit procedure and audit quality. The results of this study have provided support for Agency theory. A quality audit can reduce information asymmetry so as to minimize moral hazard actions by management.

Intellectual Capital Disclosure of Muhammadiyah Universities: Evidence from 4ICU 2018

Ulum, Ihyaul ( Universitas Muhammadiyah Malang ) , Wijayanti, Pratiwi Fitri ( Universitas Muhammadiyah Malang )

Journal of Accounting and Investment Vol 20, No 1: January-April 2019
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

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Abstract

This study aimed to identify the practice of disclosure on intellectual capital (IC) information on the website of Muhammadiyah Universities in Indonesia. This study used the 44 websites of best Muhammadiyah universities (version 4 International Colleges and Universities survey 2018) as the samples of study. Intellectual capital components used in this study were a framework constructed by Ulum (2012), which consists of 46 items: 8 items on human capital, 23 items on structural capital, and 15 items on relational capital. The research method used was content analysis. The results showed that from the 44 websites of Muhammadiyah Universities, the IC information which was in form of a narrative was 16%, the figure was 8%, the currency (rupiah) was 0.15%, and the graph was 0.75%. From the 44 Muhammadiyah Universities, none of them revealed the information completely, and it is proved low disclosure of intellectual capital in the website. In terms of the amount of information disclosed, on the average, Muhammadiyah Universities tended to reveal information in forms of narrative format.

Analysis of the Prospect of Implementing Activity-Based Costing (ABC) in Governmental Organisations: A Study at the State Treasury Office Jakarta IV

Priyatmo, Tri ( Directory of Finance Accounting and Reporting Ministry of Finance, Jakarta ) , Akbar, Rusdi ( Department of Accounting, Faculty of Economics and Business Universitas Gadjah Mada )

Journal of Accounting and Investment Vol 20, No 1: January-April 2019
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

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Abstract

This research aims to analyse the prospect of implementing Activity-Based Costing (ABC) at governmental organisations in Indonesia. The study aims to answer two research questions: how can we calculate the unit cost of products using the ABC method in a governmental organisation? (RQ1); and, what is the prospect of implementing ABC in governmental organisations? (RQ2). The study comprises qualitative research undertaken at one governmental organisation, that of the State Treasury Office (KPPN) Jakarta IV. The research reveals that the ABC method can be used to calculate the unit cost of products in KPPN Jakarta IV, and also to obtain a conceptual framework by which it is possible to conclude that the ABC method has a positive outlook as an analytical tool. However, one of the study’s research objects, the prospect of implementing the ABC method in this research, cannot be generalised for all governmental organisations in Indonesia. However, based on the results of this research, it can be stated that there is a shared understanding of the potential for the implementation of the ABC method in the future. This study is the first of its kind to investigate this topic and will yield new insight within the literature on the ABC method in Indonesia.

Evaluation of E-Budgeting Implementation in Provincial Government of DKI Jakarta Using CIPP Model Approach

Rahman, Rama Andika Thio ( Universitas Brawijaya ) , Irianto, Gugus ( Universitas Brawijaya ) , Rosidi, Rosidi ( Universitas Brawijaya )

Journal of Accounting and Investment Vol 20, No 1: January-April 2019
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

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Abstract

This research aims at analyzing the effectiveness of e-Budgeting implementation with the Provincial Administration of Special Capital Region of Jakarta using the CIPP (Context, Input, Process and Product) model of Stufflebeam (2003). This qualitative research employs a case study approach and collects the data through interview and documentation. The Informants of this research are the Local Government Budget Team (TAPD) of the Special Capital Region of Jakarta Province. The results of this research show that the e-Budgeting implementation with the Provincial Administration of Special Capital Region of Jakarta is worthy to be continued since it evidently runs effectively with regard to the four components of CIPP Model. With regard to Context, it focuses on successful achievement of initial purposes, which are budget transparency and accountability. The finding of context evaluation is a shift of users’ paradigm from old system to e-Budgeting. With regard to Input, it uses adequate facilities and infrastructures as well as human resources, and the results of input evaluation show that an improvement of network and server used is necessary. With regard to Process, it facilitates and minimizes error in RKA arrangement process. The results of process evaluation show that there is no legally applicable SOP in e-budgeting implementation stages. With regard to output (Product), it improves Local Budget quality in case of its appropriateness to RPJMD planning document, and active role of budget control management.

Knowledge Sharing Behaviour: the Effect of Psychological Safety on Balance Scorecard (BSC) Implementation

Rodiah, Siti ( Universitas Muhammadiyah Riau ) , Nahartyo, Ertambang ( Universitas Gadjah Mada )

Journal of Accounting and Investment Vol 20, No 1: January-April 2019
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

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Abstract

This study aims to compare the influence of transformational and transactional leadership on psychological safety. In addition, it examines the effect of psychological safety on the scope of balanced scorecard (BSC) implementation through knowledge sharing behaviour. This study uses a 2 x 2 between-subjects experimental design and independent t-test to test Hypotheses 1 and 2. Hypotheses 3 and 4 use hierarchical regression. To answer the questions in this study, the researchers conducted experiments with Master of Accounting and Master of Economics Development students at the Faculty of Economics and Business, Gadjah Mada University. The results of the hypothesis testing in this study support Hypotheses 1, 2 and 3, while Hypothesis 4 is not supported because it does not meet the requirements of mediation testing.

Does Attribute Framing Exist in Audit Decision Aid?

Septiari, Dovi ( Universitas Negeri Padang ) , Goedono, Goedono ( Universitas Gadjah Mada )

Journal of Accounting and Investment Vol 20, No 1: January-April 2019
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

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Abstract

This study aims to test the framing effect in audit decision aid. The research employs a between-subject experimental design involving 56 undergraduate students as the sample. The dependent variable is the tendency to follow the aid recommendation which is measured using Gomaa, Hunton, Vaassen, and Carree's (2011) scenario. Framing effect is manipulated as follows: (1) positive framing, (2) negative framing. The result shows that framing effect exists in audit decision aid, especially, in how the aid reliability presented (positive or negative) influences the final participant's decision. This research seeks to contribute to the development of framing theory, particularly to test the framing phenomena in audit decision aid. Previous studies on this realm focus on health, politic, finance, business, and marketing areas and only a few studies are found discussing this issue in the auditing area. The result would also be useful in the practical field where it should now be obvious that an auditor should never be over-reliant on decision aid. Decision aid can indeed make decision bias if the auditor thinks using only the aid is enough to make a decision and forgets to use professional judgment. The result of the study gives a warning to auditors that the way information on the reliability of a decision aid is presented can make a decision bias.

The Role of Venture Capital on Start-up Business Development in Indonesia

Rosa, Meita Clara Wijaya ( Brawijaya University ) , Sukoharsono, Eko Ganis ( Brawijaya University ) , Saraswati, Erwin ( Brawijaya University )

Journal of Accounting and Investment Vol 20, No 1: January-April 2019
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

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Abstract

This research aimed to determine the criteria used by venture capital before investing in start-up companies, and the role of venture capital as a supporter of the start-up companies in Indonesia. This research is qualitative descriptive with a case study research approach. It was conducted in the venture capital in the city of Jakarta, using interview to collect the data. The results of this research indicate that the criteria used by venture capital before carrying out the investment process are, seeing team members, the products to be offered, marketing and exit strategies. The role of venture capital is as a supporter of the start-up companies in Indonesia by helping their funding access, assisting them to grow, supporting networking activities and mentoring, and helping them to expand the market access for the start-up products.

Coercive Authority and Trust in Tax Authority in Influencing Voluntary Tax Compliance: A Study of Slippery Slope

Khasanah, Uswatun ( Brawijaya University ) , T., Sutrisno ( Brawijaya University ) , Mardiati, Endang ( Brawijaya University )

Journal of Accounting and Investment Vol 20, No 1: January-April 2019
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

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Abstract

The improvement of tax compliance in Indonesia has not resulted in increase of tax ratio of the same year. From this perspective, the researchers conducted a study on voluntary tax compliance using theory of slippery slope. This study aims to provide an empirical evidence on the potential influence of tax audits, tax rewards, and trust in tax authority towards voluntary tax compliance. The study was conducted on Corporate Taxpayers who were registered as PKP (Taxable Enterprise). Structural Equation Modeling-Partial Least Square (SEM-PLS) was employed as the analytical tool in the study. Our empirical findings show that tax audits could influence voluntary tax compliance and trust in tax authority was proven successful to reduce the influence of tax audit towards voluntary tax compliance. However, other findings also show that rewards were not proven successful in influencing voluntary tax compliance.

The Role of Religiosity and Patriotism in Improving Taxpayer Compliance

Nazaruddin, Ietje ( Universitas Muhammadiyah Yogyakarta )

Journal of Accounting and Investment Vol 20, No 1: January-April 2019
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

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Abstract

The purpose of this study is to examine the direct effect of religiosity on taxpayer compliance. In addition, this study also examines the indirect effect of religiosity on taxpayer compliance using the mediation variables of taxpayer patriotism. The data were gathered survey method that was able to collect as much 78 data that can be used for analysis. The validity, reliability of instruments and classical assumptions test were conducted before testing the hypothesis. Simple and multiple regression were used to test the relationship between variables. The indirect influence was tested using Hayes's bootstrapping method. The results showed that the level of religiosity had a positive effect on patriotism and taxpayer compliance. High patriotism would increase taxpayer compliance. The results also provided empirical evidence that there was an indirect influence of religiosity on taxpayer compliance through the mediation of patriotism.

Credit Value-Relevance of Earnings, Other Comprehensive Income, and Comprehensive Income: A Study on IFRS Adoption Stage in Indonesia

Widiastuti, Harjanti ( Department of Accounting Universitas Muhammadiyah Yogyakarta ) , Safira, Elsi ( Department of Accounting Universitas Muhammadiyah Yogyakarta )

Journal of Accounting and Investment Vol 19, No 2: July-December 2018
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

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Abstract

This research aims to examine the credit value-relevance of net income, other comprehensive income (OCI) and comprehensive income. This research indirectly examines the impact of IFRS adoption on the usefulness of earnings and OCI information. The credit value-relevance measures the usefulness of accounting information from the creditor perspective, represented by the bond rating agency. In this research, accounting information is said to have credit value-relevance if accounting information affects bond rating. The sample of this research is 495 bond issuer companies listed in Indonesia Stock Exchange period 2011-2016. Hypothesis testing is done by the logit regression test. The results show that net income and comprehensive income have credit-value relevance, whereas OCI has no credit relevance. The results also find an increase in the credit-value relevance of comprehensive income from the beginning adoption of IFRS (2011) to the first implementation of IFRS adoption.