The Influence of The Application of Standard Financial Accounting Statement (PSAK 45) and The Internal Control toward The Information Quality of Financial Statement (A Study on Foundations in Bandung)

Abstract

It is needed to own a standard on an accounting activity to be used as a standard on financial reporting as well as a standard on the implementation and the management of nonprofit organization suitable to syariah rules centralizing to PSAK 45 (The Application of Standard Financial Accounting Statement). Lately, we often hear news about nonprofit organization used as a cover to a group of people in order to get individual profit that in some organizations in Indonesia, there are many frauds in accountability reports which are different from the reality, so from some cases it can be concluded that there are institutions which do not report the information of financial statement honestly. Based on the explanation above, the writer is interested to do a research with a title “The Influence of The Application of Standard Financial Accounting Statement (PSAK 45) and The Internal Control toward The Information Quality of Financial Statement (A Study on Foundations in Bandung)â€. This research goal is to seek the internal control, the information quality of financial statement, and the influence of the application of PSAK45 and the internal control on the information quality of financial statement of foundations. The research method in this research is survey method. Data collecting technique used in this research is questionnaire, interview and documenting which are distributed to 13 foundations. The Target of the respondents of thee questionnaire is financial division that understands the accounting practicum on the foundations managed by them. The analysis method in this research is multiple linear regression analysis. The research result shows that the influence of the application of PSAK45 and the internal control indicates a positive influence and it is significant toward the information quality of financial statements as much as 90,7%. While the rest 9,3% is resulted from other factors outside the application of PSAK45 and internal control.