Journal of Governance, Taxation and Auditing

The Impact of Inflation, Interest Rates, Exchange Rates on Stock Prices in the LQ-45 stock index

2025-01-17T10:47:08+07:00

The primary objective of investment is to enhance wealth, satisfy future requirements and achieve prosperity through a frugal lifestyle. Stocks represent one of the most popular investment instruments. The capital market offers a range of stock indices, including the LQ45. The LQ45 index was selected due to its composition of leading stocks with high liquidity and favorable performance on the Indonesia Stock Exchange (IDX). This study aims to analyze the effect of macroeconomic factors, namely Inflation, interest rates, and exchange rates, on stock prices in the LQ45 index. The study employs a quantitative approach, utilizing secondary data obtained from the annual reports of companies listed on the Indonesia Stock Exchange (IDX) for the years 2022 to 2023. The data used in this study are quantitative data obtained from secondary sources. The data were then analyzed using multiple linear regression methods, t-tests, and descriptive analysis. The findings indicate that Inflation, interest rates, and exchange rates exert a notable influence on stock prices within the LQ45 index.

The Effect of Maturity of Government Internal Control System and Capabilities of Government Internal Supervisory Apparatus on the Government Performance Accountability System

2025-01-17T10:41:11+07:00

This study aims to analyze the effect of the maturity of the Government Internal Control System (SPIP) and the capabilities of the Government Internal Supervisory Apparatus (APIP) on the effectiveness of the Government Performance Accountability System (SAKIP). SPIP, as an internal control framework, functions to ensure that the management of state resources is carried out efficiently, effectively, and in accordance with applicable regulations. On the other hand, APIP, as a supervisory apparatus, plays an important role in ensuring that the implementation of government policies and programs runs in accordance with the objectives that have been set, as well as detecting and preventing deviations. This research uses secondary data from Regional Governments in Indonesia from 2018-2023, with a final sample size of 2,046 observations. The results show that the maturity of the government internal control system (SPIP) and the capability of the government internal supervisory apparatus (APIP) have a positive and significant impact on the government performance accountability system. This study suggests the need to strengthen SPIP and improve the capabilities of APIP to ensure better accountability in the government system, which will ultimately contribute to the improvement of public service quality.

Comparative Analysis of Financial Performance Before and After IPO Case Study of PT. TBS Energi Utama TBK

2025-02-10T11:57:17+07:00

This study aims to analyze the comparative financial performance of PT TBS Energi. The financial performance is analyzed using financial statement data from 2019 to 2023, which includes key indicators such as revenue and net profit, as well as financial ratios, including profitability, liquidity, and solvency ratios. The main focus on liquidity ratios includes the Current Ratio and Quick Ratio, which indicate the company's ability to meet short-term obligations. The entire financial statements of PT TBS Energi Utama Tbk published during the period under study were used as the subject of this research. The analysis results show that after the IPO, PT TBS Energi Utama Tbk experienced a significant increase in revenue and net profit, with consistent annual growth. Profitability ratios, including gross profit margin and net profit, also showed positive improvements. In addition, liquidity ratios, both Current Ratio and Quick Ratio, improved significantly, indicating that the company is better able to meet its short-term obligations after securing funds from the IPO.

The Influence of Professionalism, Independence, and Auditor Experience on Audit Judgment

2025-02-10T11:57:46+07:00

The study focuses on investigating how audit judgments evolve based on Professionalism combined with Independence and auditor experience within the campaign fund reports compliance audit process targeting the 2024 election participants. The study utilized quantitative investigation and sought responses from auditors at Public Accounting Firms who participated in campaign fund audits by distributing questionnaires based on purposive sampling. Under the multiple regression analysis model through IBM SPSS Statistics, 43 research questionnaires that fulfilled the requirements were evaluated. Testing of hypotheses was performed to measure the influence that Professionalism, together with Independence and auditor experience, have on audit judgment. According to the research data, audit judgment receives positive influence from Professionalism and Independence, yet auditor experience does not impact the judgment significantly. The research reveals that auditor quality depends on professional development together with ethical conduct and maintaining Independence between auditors and their clients. Additionally, the research provides recommendations for auditors and PAFs to prioritize Professionalism and Independence as key factors in producing high-quality audit judgments.