Once again, Universitas Terbuka (UT) has achieved a Fair Unmodified audit opinion (WTM) for its financial report, as conducted by Tjahjo, Machdjud Modopuro & Rekan Public Accounting Firm (KAP). The announcement of the Unqualified Opinion, previously known as the Unqualified Opinion, was made during the Exit Meeting held on Tuesday, May 30, 2023, where the KAP audit team from Tjahjo, Machdjud Modopuro & Rekan presented their report to UT.
The Exit Meeting was conducted in person at the Operation Room Meeting Hall, BKUK-UT Building, 1st Floor, attended by the Rector of UT along with the leadership team from the Office of Vice Rector, Audit Committee, Board of Trustees, Financial Management Center, Planning and Reporting Center, Directorate of Management, Facilities, Infrastructure, and General Affairs, Internal Supervisory Office, and the team from KAP Tjahjo, Machdjud Modopuro & Partners. The central and regional leaders of UT also participated virtually through the Zoom application during this event.
UT appointed Tjahjo, Machdjud Modopuro & Rekan to obtain adequate assurance on the preparation of UT’s BLU Financial Statements 2022. The audit conducted was based on the auditing standards set by the Indonesian Institute of Certified Public Accountants. The audit was carried out from January 24, 2023, to April 30, 2023, with sampling tests conducted at 13 UT Regional Offices.
The event began with a report from the Head of the Internal Audit Unit, Dr. Hendrian, S.E., M.Si., followed by speeches from UT Rector Prof. Ojat Darojat, M.Bus., Ph.D., and the Board of Trustees (MWA) Prof. Ainun Na’im, Ph.D. Then, the audit team from KAP Tjahjo, Machdjud Modopuro & Partners, presented the audit findings and management letter for UT.
The audit report and opinion from Tjahjo, Machdjud Modopuro & Rekan KAP were well received by the UT Rector as no material errors were found overall, resulting in UT receiving a Fair Unmodified audit opinion (WTM). These findings are expected to serve as a benchmark for UT in maximizing the financial system in the PTN-BH (Legal Entity of HEI) era. The event concluded with the handover of the audit report between the UT Rector and the chairman of the audit team.
