EFFECTIVENESS OF FINANCIAL MANAGEMENT OF MALAKA DISTRICT LEADING TO UNQUALIFIED OPINION

Abstract

Concrete efforts to achieve transparency and accountability in financial management are to prepare
financial statements as a form of public accountability. . The financial statements are audited by the Supreme
Audit Agency, later given as statement of professional opinion about the level of fairness of the information
presented. This study aims to measure the effectiveness of the financial management of the District of Malaka
and to identify supporting factors and obstacles in achieving an unqualified opinion.The results showed that the
financial management of the District of Malaka has not been effective. Factors supporting the effectiveness of
financial management that achieves an unqualified opinion are: the government's financial statements that have
been prepared byMalaka District Government Accounting Standards; the adequacy of information, legislationbased, and implementation of internal control systemsupported by the Regional Management Information
System accrual basis. The limiting factorsare the low quantity and quality of financial management of
humanresources, the disclosure of fixed assets not fully presented, and not fully documented aspects of the
implementation of the internal control system at each unit's financial manager. It is suggested that consideration
of the recommendations of the CPC and a shared commitment to the completion of the follow-up inspection
results, performing realignment of the apparatus of human resources in quantity and quality, and continuous
dissemination to improve understanding of financial management apparatus of internal control systems be
always taken into account.
Keywords: effectiveness, financial management, financial reports, unqualified opinion