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All Journal Jurnalku
Nural Achmad Raainaa
Direktorat Jenderal Pajak

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The paradox of regional investment in regional-owned enterprises: Implications of capital participation for local own-source revenue and the strategic role of internal auditors - evidence from regional-owned enterprises in Central Sulawesi Province Naela Zaqiyatul Misqiyah; Nural Achmad Raainaa
Jurnalku Vol 6 No 2 (2026)
Publisher : PT Wim Solusi Prima

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54957/jurnalku.v6i2.2299

Abstract

Regional government officials are often confronted with a contradiction between high levels of government investment and the limited financial returns generated for Local Own-Source Revenue (PAD). This phenomenon reflects a gap between the objective of regional capital participation as an instrument for strengthening the local economy and the reality of the still-low contribution of Regional-Owned Enterprises (BUMD) to regional revenue. This qualitative study, employing a literature review approach, aims to examine the anomaly of capital capitalization in BUMD within Central Sulawesi Province and to formulate the role of internal auditors in addressing this issue. The analysis was conducted through a review of regional government financial statements, BUMD capital participation and dividend data, relevant regulations, and various literature related to regional corporate governance and internal auditing. The explanatory findings indicate that BUMD have not yet been able to formulate a rigid and sustainable business model and have failed to optimize public value following capital injections. This condition is reflected in the low contribution of dividends to PAD, the high dependence on a single productive BUMD entity, and the existence of regional enterprises that continue to incur losses despite receiving significant capital support from the regional government. This situation indicates weak implementation of corporate governance, an unclear business direction, and the still-limited effectiveness of oversight mechanisms. To address this governance urgency, internal auditors occupy a strategic position as catalysts for organizational change. The acceleration of BUMD performance can be achieved through the establishment of a structured intervention model encompassing diagnostic audits, governance assessments, business feasibility reviews, performance monitoring systems, and strategic recommendations. This model is expected to encourage the transformation of BUMD from a fiscal burden into creators of sustainable economic value for the region.
Alignment of regional tax revenue administration business process with standard operating procedures: A case study of East Surabaya Samsat Nural Achmad Raainaa
Jurnalku Vol 6 No 3 (2026)
Publisher : PT Wim Solusi Prima

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54957/jurnalku.v6i3.2312

Abstract

To achieve optimal management of regional tax revenues, a structured administration process is required that complies with applicable regulations. Regional tax revenue administration encompasses a series of activities, from receipt, recording, and payment to reporting and accountability for tax revenues. The entire process must be implemented based on established Standard Operating Procedures (SOPs) to ensure uniformity in task execution, minimize administrative errors, and increase organizational effectiveness and efficiency. This study aims to analyze the compliance of regional tax revenue administration business processes with Standard Operating Procedures (SOPs) and identify remaining weaknesses in regional tax revenue management. The study employed a qualitative descriptive approach, with data collection techniques including observation, interviews, and documentation. Data analysis was conducted through data reduction, data presentation, and conclusion drawing. The results indicate that regional tax revenue administration business processes, including revenue administration, deposits, and reporting and accountability, have been implemented in accordance with applicable SOPs. However, several operational adjustments were identified in practice to address technical challenges without compromising the principles of accountability and transparency. Furthermore, the study identified several weaknesses, including suboptimal digitalization of administration and limited human resources in several operational functions. These findings indicate that the implementation of SOPs has supported the effectiveness of regional tax revenue management, but improvements are still needed through strengthening digital systems and optimizing human resources to enhance efficiency, transparency, and the quality of regional tax revenue governance.