Akuntabilitas koperasi simpan pinjam di Jawa Tengah

Abstract

Cooperatives’ executives rely on audited financial statements as a form of accountability to their members. The number of savings and loan cooperatives (KSP – Koperasi Simpan Pinjam) in Indonesia is growing rapidly. However, the issue of audit demands by cooperatives in Indonesia is still relatively understudied. Thus, this study seeks to empirically investigate the effects of cooperatives’ size (number of members and total assets) and financial indicators (liquidity and liabilities) on audit demands. The research sample is 108 primary cooperatives in Central Java Province generated from the Provincial Office of Cooperatives and Small and Medium Entreprises (SMEs) of Central Java that have savings and loans units. The logistic regression analysis demonstrates that number of members, total assets, and liabilities positively affect audit demand. However, liquidity ratio does not affect audit demand.