Legal and Accounting Review of Sharia Fintech Financial Reports on Official Websites

Research Aims: This research aims to examine the influence of premium income and claim expenses on the return on equity in life insurance companies registered with the Financial Services Authority (OJK) from 2013 to 2022. Design/methodology/approach: His research uses quantitative research methods with data collection techniques by means of literature research and documentation research, and the results are analyzed by panel data regression analysis techniques. This research takes data from life insurance companies registered with the Financial Services Authority (OJK) that have published their financial reports. Research Findings: There is an observation that premium income has a positive effect on the Return on Equity of insurance companies. ROE reflects how efficiently a company uses equity to generate net income. There are findings that claim expense has a positive influence on the Return on Equity of insurance companies. ROE is calculated as net income divided by shareholders' equity. The higher the claims expense, the lower the net income available to shareholders, and ultimately the lower the ROE. The findings show that premium income and claim expense have a significant influence on an insurance company's Return on Equity. If premium income exceeds claim expense, ROE is likely to increase due to higher net income. However, if claims expense is higher than premium income, ROE will likely decrease due to lower net income. ROE is calculated as net income divided by shareholders' equity. Therefore, ROE is a measure of how efficiently a company uses equity to generate net income. Research Limitations: This research is only limited to secondary data of life insurance companies companies registered with the Financial Services Authority and many companies that do not publish complete annual financial report data. do not publish complete and consecutive annual financial report data during the consecutively during the research period. Limitations in taking variables that are only premium income and claim expense variables used in this study, because researchers only take one of the internal and external factors that are thought to affect return on equity. The return on equity variable in this study can only be explained by 78% by the premium income and claim expense variables, in the sense that there is still 22% part of the dependent variable in this study that can be explained by other independent variables outside of this study. in this study that can be explained by other independent variables outside of this study. this research.

PurposeThe current paper aims at exploring the audit committee characteristics’ effect on impression management.Design/methodology/approachThe methodology is based on the use of the content analysis of financial annual reports, as data of a 69-company sample study from 2015 to 2019 attained from “Amman Stock Exchange” has been analyzed. Moreover, multiple regression analysis on panel data was employed.FindingsThe results show that the independence of the audit committee, the financial expertise of the audit committee and female members negatively affect impression management, implying that these characteristics mitigate financial reporting manipulation and decrease the practices of impression management. However, the findings detect no significant influence for committee meetings on impression management.Research limitations/implicationsNotably, the current work is applicable and useful for understanding the audit committee’s role in enhancing the financial reporting’s quality, along with the significance of the audit committee in growing the stakeholder’s confidence in financial reporting. In light of these results, regulatory bodies’ efforts are encouraged to create additional strategies and instructions to ensure the trustiness and credibility of financial reporting.Originality/valueThis paper will be useful to companies that want to improve the quality of financial reporting and decrease the impression of management’s effect on financial reporting’s readers. Moreover, this paper contributes to the literature on impression management by exploring the effect of audit committees on impression management of annual financial reports of the users in the context of emerging markets and Middle East countries, particularly Jordan.

The late submission of interim financial reports causes companies listed on the Indonesia Stock Exchange (IDX) to pay a fairly large amount of fines. The Financial Services Authority (OJK) issued regulations for companies going public to report and publish audited annual financial reports, so that each company must submit accordingly and on time. Therefore, this research aims to determine the comparison of abnormal returns and stock trading volume before and when there is a delay in submitting financial reports. The data used in this research are the financial reports of companies registered on the IDX that are late in submitting financial reports. The results of this research show significant differences in abnormal returns and stock trading volume before and after the delay in submitting interim financial reports. The study uses the average difference test method, with the object of the financial statements of 35 listed companies that have not submitted financial reports for the period 2021 to 2022. After descriptive statistical analysis, there are company values that are recorded as poor in submitting their interim financial reporting. The results showed that there was a significant difference between the performance before and after the company's financial reporting on abnormal returns and stock trading volume on the submission of financial reports.

Non-profit organization (school) financial reports prepared based on PSAK No. 45 provides information about the resources provided by the resource provider and can also be used as a consideration for decision making. If a non-profit organization does not present financial reports that comply with standards, it will reduce the trust of resource providers in providing resources to a non-profit organization. The purpose of this research is to find out whether the financial reports presented by the Belawan Christian Private Middle School show accountability and transparency as well as planning and administration in accordance with PSAK No. 45. The type of data used in this research is qualitative data which describes a brief history, organizational structure, vision and mission. This research uses secondary and primary data sources, namely data obtained from the field and other sources. The data collection methods used in this research are documentation and interviews. The data analysis technique used in this research is a descriptive method, which is done by interpreting the data obtained so as to provide an overview of the problems faced. The results of this research indicate that the financial reports at the Belawan Christian Private Middle School cannot reflect accountability and transparency in accordance with PSAK No. 45, In presenting financial reports, the Belawan Christian Private Middle School presents monthly financial reports and there are no annual financial reports, resulting in inadequate information. Based on PSAK No. 45 regulations, non-profit entity financial reports should be presented annually, financial reports in accordance with PSAK No. 45. 45, namely Financial Position Report, Activity Report, Cash Flow Report, and Notes to Financial Reports.Keyword: Akuntability, Financial Report, Junior High School, Christian, Belawan

In the Financial Services Authority (OJK) Regulation number 44/POJK.04/2016 all issuers listed on the Indonesia Stock Exchange (IDX) are required to submit their annual financial reports no later than 3 (three) months or 90 (ninety days). Internal factors that affect audit delay are company size while external factors are audit opinions. This study was conducted using a quantitative approach with multiple linear regression methods. The data used are the annual reports of wholesale trading companies listed on the Indonesia Stock Exchange for 2019-2022. In addition, with the purposive sampling technique, issuers must submit their financial reports consecutively during the 2019-2022 period so that only 128 samples meet the requirements. The results show that company size and audit opinion partially have an effect on audit delay. The results of this study confirm that audit opinions have a negative effect on audit delay because the increasing number of unqualified opinions will reduce the number of days of the audit examination process. An issuer that receives an unqualified opinion means that it has met the financial report requirements according to accounting standards and has complied with the rules set for the company. This is also good news for management to immediately submit its audited financial report to interested parties

Investor response can be influenced by financial and non-financial information provided by Investor response can be influenced by financial and non-financial information provided by the company to the public. Information that is useful for investors can be used in making investment decisions. High company value is determined by investors' response in the capital market. This study examines the effect of sustainability disclosure on firm value, with debt policy as a moderating variable. This research data is sourced from financial reports, annual reports, sustainability reports and stock prices of manufacturing companies for the period 2018-2020 obtained from www.idx.co.id, www.finance,yahoo.com, and the company's official website. This study used 366 observations determined by using the purposive sampling technique. Hypothesis testing is done by using multiple linear regression analysis for panel data. The result suggests that the sustainability disclosure has no effect on firm value. Also, debt policy cannot moderate sustainability disclosure on firm value. This research indicates that the Financial Services Authority needs to monitor the sustainability implementation by listed companies on the Indonesia Stock Exchange. Keywords: Corporate Social Responsibility, Investor Response, and Capital Structure

This research aims to analyze the zakat accounting treatment implemented by the Amil Zakat Yatim Mandiri Medan Institute and whether it is in accordance with PSAK No.109. Apart from that, the aim of this research is to analyze transparency and accountability in the presentation of financial reports implemented by the Amil Zakat Yatim Mandiri Medan Institute. The research method used is a qualitative method with descriptive analysis using primary data taken from financial report data and the interview method. The results of the research concluded that the Amil Zakat Yatim Mandiri Medan Institution in its zakat accounting treatment was in accordance with PSAK No.109 whichseen from the financial position report data which separates zakat, infaq/alms funds and non-zakat, infaq/alms funds in the financial position report. The accountability measurements carried out by the Amil Zakat Yatim Mandiri Medan Institution in presenting and distributing financial reports are in accordance with the performance indicators of the Medan Amil Zakat Yatim Mandiri Institution in distributing funds, as well as indicators of financial reports that have been published and carried out independent audits. The Yatim Mandiri Medan Amil Zakat Institution is still not transparent in submitting financial reports, seeing that only reports on changes in funds are submitted on the official Yatim Mandiri website and magazines every month and carry out their programs very openly and transparently by placing all activities that have been carried out on the official Yatim website. Mandiri and released a magazine entitled Yatim Mandiri Inspiration for Care.

The purpose of this study was to determine the effect of the Covid-19 pandemic as measured using the ratio of NPL (Non Performing Loan), BOPO, LDR (Loan Deposit Ratio), and NIM (Net Interest Margin) as independent variables on rentability measured using the ROA (Return) ratio. on Assets) as the dependent variable on conventional rural banks in Sukoharjo district. The study population was 16 BPR registered with the Financial Services Authority. From this population, 12 samples were taken that met the criteria of the purposive sampling technique. The object of research is the BPR quarterly financial reports for 2019-2020, which consist of 4 quarters in 2019 and 3 quarters in 2020. Data collection techniques use indirect observation, which is to collect financial report data through the official website www.ojk.go.id. Quantitative methods with secondary data are the methods used in research. Data analysis used multiple linear regression with SPSS 19 application. This study resulted that the NPL, LDR, and NIM variables partially did not have a significant effect on ROA, while BOPO partially had a significant effect on ROA. However, if simultaneously the four independent variables have a significant effect on ROA.

Abstract. Introduction. Internet Financial Reporting (IFR) is a requirement for companies to provide high-quality financial reports and technology as a corporate responsibility to the principles of good corporate governance and to demonstrate that management have adopted those principles. As a result, it is important to ascertain the aspects that may affect the quality of IFR. This study uses secondary data from annual reports that will be listed on the Indonesian Stock Exchange (IDX) in 2020, as well as each company's official website. The study sampled 66 property, real estate, and building construction firms that were listed on the IDX. Eviews 20 were used to test this research hypothesis. Purpose. The purpose of this study is to determine the relationship of company size, age, audit committee composition, public shareholding, and auditor quality on the quality of IFR for property, real estate, and building construction companies listed on the IDX in 2020. Results. The findings indicated that company size, company age, and public shareholding all influenced IFR quality, but that audit committee and auditor quality had no effect. Simultaneously, company size, company age, the composition of the audit committee, public shareholding, and the quality of the auditor all influence the quality of IFR. Conclusions. IFR is important in times and circumstances like these, when the high number of COVID-19 cases necessitates that all activities be conducted via internet information technology. IFR is one of the mandatory methods for companies to submit annual financial reports to investors, as required by Law 40 of 2007 on provisions for reporting ongoing business activities and Financial Services Authority Regulation 8/ POJK.4/2015 on issuers' or public companies' websites. Given our constraints, it is advised that future researchers analyze additional organizations using a larger sample size and a longer time of observation, as well as conducting observations and interviews with the companies under study.

This study aims to (1) describe the effect of Ijarah financing on profitability at BRI Syariah Banks registered with the Financial Services Authority (OJK), (2) to describe the effect of Murabahah financing on profitability at BRI Syariah Banks registered with the Financial Services Authority (OJK), (3) To describe Ijarah and Murabahah financing on profitability at BRI Syariah Banks registered with the Financial Services Authority (OJK).Type of research in this research is descriptive quantitative. The data used is secondary data with data collection techniques using observation and documentation. Multiple linear regression analysis method. The population in this study is all financial reports at BRI Syariah Banks registered with the Financial Services Authority (OJK) for the 2016-2020 period, the sample used in this study was 60 samples, the data analysis technique used IBM SPSS 21. The results show that partially (1) partially Ijarah financing has a significant effect on profitability at BRI Syariah Banks registered with the Financial Services Authority (OJK) (2) partially Murabahah financing has a significant effect on profitability at BRI Syariah Banks registered with the Financial Services Authority. Finance (OJK (3) Simultaneously Ijarah and Murabahah financing have a significant effect on profitability at BRI Syariah Banks registered with the Financial Services Authority (OJK). The implications of research results regarding Ijarah and Murabahah financing variables which are suspected to have a significant relationship with profitability (ROA) simultaneously or together and have a major influence on the profitability (ROA) of BRI Syariah Bank..

Baitul Maal Wa Tamwil (BMT) is a sharia-based cooperative, so sharia accounting principles must be applied in presenting its financial reports. This principle is based on the Statement of Sharia Financial Accounting Standards (PSAK) No. 101 concerning the Presentation of Sharia Financial Reports. The presentation of financial reports in accordance with PSAK 101 consists of 7 complete financial reporting components, including: balance sheet, profit and loss report, cash flow report, change report equity, reports on sources and utilization of zakat funds, reports on sources of use of charity funds, and notes to financial reports. This research aims to analyze and determine the application of financial report presentation in one of the 1,351 cooperatives in the city of Bandung, namely the BMT itQan Sharia Cooperative. The research method used to research this research is a descriptive research method with a qualitative approach. The techniques used in this research are observation, interviews and documentation using data analysis methods, data reduction, data presentation, as well as conclusions and verification. The results of this research conclude that there are several mandatory financial reports such as the financial position report, profit and loss report and change in equity report that are not in accordance with PSAK 101. For reports on the source and distribution of zakat funds, reports on the source and use of benevolent funds are made separately. in the Baitul Maal division so that it does not become a perfect series of financial report presentations. The cash flow statement is appropriate, and notes to the financial statements have not been made.

The COVID-19 pandemic has negatively impacted various sectors, including health, the economy, and banking, leading to decreased purchasing power, weakened entrepreneurship, and threats to MSMEs. The Sharia Rural Banks (BPRS) complements other Sharia banks in Indonesia by meeting the community's financial needs in accordance with Sharia principles. Efficiency in banking serves as a key indicator to assess bank performance, determining whether a bank is operating effectively. Identifying the factors that influence efficiency in the banking sector is essential. This study employs a quantitative approach with a descriptive design, using secondary data from the BPRS annual financial reports for the first, second, third, and fourth quarters of 2023, obtained from the official OJK website. The research sample includes 20 BPRS in the Central Java and DIY Provinces, all registered with the OJK. The data was processed into input and output variables based on financial balance sheets and profit and loss statements. Analysis was conducted using the DEA Frontier Application with the Variable Return to Scale (VRS) model. Efficiency was measured on a scale from 0 to 1, where a score of 1 or 100% indicates full efficiency. This study, conducted online from May to July 2024, utilized annual financial report data sourced from the Financial Services Authority (OJK). The findings reveal that the average operational efficiency of BPRS in Central Java across the four quarters was 0.881, while in DIY, it was 0.940, indicating that BPRS in DIY demonstrated higher operational efficiency compared to those in Central Java.

Financial reports are a crucial instrument in the business and investment world, as they provide information that reflects a company's financial condition. Accuracy and timeliness in the presentation of financial reports enable management to make data-driven strategic decisions while providing a transparent picture to stakeholders, including investors. Investors generally use financial reports as a basis for assessing an issuer's performance and prospects before making investment decisions. However, in practice, many companies manipulate financial reports to project better performance than reality. Worse, these manipulative actions sometimes involve external auditors, who should be independent and objective. Financial report manipulation can result in significant losses for investors who have invested their capital based on advertised information. Therefore, legal protection for investors is crucial in maintaining public trust in the capital market. This legal protection can take the form of administrative action by the Financial Services Authority (OJK), criminal sanctions for perpetrators of manipulation under the Capital Markets Law, and civil lawsuits by aggrieved investors. Furthermore, the role of whistleblowers and a transparent reporting system are also supporting instruments in uncovering violations. Enforcing regulations and overseeing accountability for financial reporting is essential to creating a healthy, fair, and sustainable investment climate in Indonesia. In addition to reactive legal protection, preventive measures are also crucial to prevent financial report manipulation. This can be achieved through improving the quality of good corporate governance, strengthening the internal audit function, and enforcing ethical standards for the public accounting profession. Companies also need to implement technology-based financial reporting systems that are integrated and auditable in real time to enhance transparency.

Timeliness of the submission of financial statements is the most important thing because the information contained in it is needed by the parties, especially investors. Timeliness of the submission of financial statements is necessary so as not to lose its relevance. Loss of relevance can make information less useful for decision making. However, in reality there are still public companies that are late in submitting their financial reports, one of which is the property and real estate sector. The purpose of this study was to analyze the effect of profitability, leverage, firm size and audit committee meeting frequencies on the timeliness of submitting financial statements. Financial Services Authority (OJK) Regulation No. 29 /POJK.04/2016 Article 7 states that the submission of the annual financial report to OJK is no later than the end of the fourth month (120 days) after the date of the annual financial report, and if it exceeds 120 days, it will be subject to sanctions, fines by PT Bursa Efe Indonesia. The object of research used is the property and real estate sector companies listed on the Indonesia Stock Exchange in 2018-2020. The results of the research using Wald's test show that the independent variables are profitability, solvency size of the company, and the number of audit committee meetings with a value of sig. one tail each of 0.095, 0.028, 0.021, 0.311 so that the first and fourth hypotheses are rejected. While the second and third variables show test results of 0.028 and 0.021 so that the second and third hypotheses are accepted. The conclusion of this study shows that solvency has a negative effect and firm size has a positive effect on the timeliness of submitting financial statements. Meanwhile, profitability and audit committee meetings have no effect on the timeliness of submitting financial reports.

This study aims to explore the readiness of Rose Madani MSMEs in implementing the Financial Accounting Standards for Micro, Small, and Medium Entities (SAK EMKM) and the relevance of preparing financial reports according to SAK EMKM standards in the Industrial Era 4.0. This study uses a qualitative descriptive approach where the readiness of Rose Madani MSMEs is assessed by 3 aspects, namely HR readiness, supporting applications, and MSME commitment. The results of the study indicate that Rose Madhani MSMEs are not ready to implement SAK EMKM. The low level of accounting understanding is an obstacle from the HR aspect, the absence of a digital application based on SAK EMKM is an obstacle from the infrastructure side, and the perception of MSME owners that consistent financial recording is not important in managing MSMEs is an aspect that causes low commitment to implementing SAK EMKM. The implementation of financial reports in accordance with SAK EMKM presents financial reports consisting of three components, namely financial position reports, several statistics, and financial report notes. Digitalization of MSME financial reports based on SAK EMKM can increase efficiency and reduce operational costs at Rose Madani MSMEs. Utilizing software in accordance with SAK EMKM standards in financial preparation can provide more accurate, effective, and efficient financial data and reports in accordance with applicable standards..