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Journal of Contemporary Accounting
Published by Universitas Islam Indonesia
ISSN : -     EISSN : 26571935     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
Journal of Contemporary Accounting (JCA) is a peer-reviewed journal published three times a year (January-April, May-August, and September-December) by Master in Accounting Program, Faculty of Economics, Universitas Islam Indonesia. JCA is intended to be the journal for publishing articles reporting the results of research on accounting. JCA is a media of communication and reply forum for scientific works especially concerning the field of the contemporary accounting studies of developing countries. The JCA invites manuscripts in the various topics include, but not limited to, functional areas of Financial Accounting, Management Accounting, Public Sector Accounting, Islamic Accounting, Sustainability Reporting, Corporate Governance, Auditing, Fraud Accounting, Corporate Finance, Accounting Education, Ethics and Professionalism, Information System, Financial Management, and Taxation. Papers presented in JCA are solely authors responsibility.
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Articles 9 Documents
 1 
Search results for , issue "volume 8 issue 2, 2026" : 9 Documents clear
The integration of hybrid audit models in modern auditing: A systematic review of audit effectiveness and efficiency across emerging and developed countries Khoirunnisa, Novita; Junyes, Hendy Rizky; Widarsono, Agus
Journal of Contemporary Accounting Volume 8 Issue 2, 2026
Publisher : Master in Accounting Program, Faculty of Business & Economics, Universitas Islam Indonesia, Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jca.vol8.iss2.art4

Abstract

This study aims to determine the comparison of hybrid model integration in modern practice to improve the effectiveness and efficiency of audits in developed and developing countries, particularly in relation to the concepts and components of the hybrid audit model, the effectiveness and efficiency of the hybrid audit model implementation, and the comparison of the hybrid audit model implementation in developed and developing countries. This study uses a Systematic Literature Review following the PRISMA 2020 guidelines by analyzing 30 articles. The findings of this study are that the hybrid audit model represents an integrated framework between the professional considerations of auditors and analytical and digital technologies such as artificial intelligence, big data analytics, robotic process automation, blockchain, and continuous auditing systems. Other findings also explain that the hybrid audit model can improve audit effectiveness, particularly in terms of audit finding quality, result reliability, fraud detection, compliance with audit standards, and the quality of human-algorithm interactions. The hybrid model has also been proven to improve audit efficiency by optimizing time, optimizing costs, directing auditor resources to value-added activities, automating audit processes, and expanding the scale and flexibility of audits. However, the implementation of this model shows that developed and developing countries differ in terms of regulatory frameworks, technological infrastructure readiness, and capacity.
Corporate governance diversity, dividend pressure, and financial efficiency risk in Indonesian regional development banks: The moderating role of owner fiscal dependence Tanaya, I Putu Kukuh
Journal of Contemporary Accounting Volume 8 Issue 2, 2026
Publisher : Master in Accounting Program, Faculty of Business & Economics, Universitas Islam Indonesia, Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jca.vol8.iss2.art2

Abstract

This study examines how board gender diversity and dividend pressure relate to financial efficiency risk in Indonesian Regional Development Banks (Bank Pembangunan Daerah; BPDs), and whether the effect of related party loans (RPT) varies with the owner’s fiscal dependence on intergovernmental transfers. Using a balanced panel of 26 BPDs over 2018–2024 (N=182 bank-year observations), we estimate bank fixed-effects models with year effects and cluster-robust standard errors. Financial efficiency risk (FER) is a composite index capturing credit risk, operating inefficiency, and capital fragility (standardized NPL, BOPO, and −CAR). The findings indicate that while gender diversity on the board of directors and dividend pressure are not statistically significant in the baseline model, gender diversity on the board of commissioners is positively correlated with FER. At low levels of fiscal dependency, related-party lending intensity is negatively correlated with FER. However, there is a positive and substantial interaction between related-party lending and fiscal dependence. When owning governments rely heavily on intergovernmental transfers, the beneficial association of related-party lending declines and may even reverse, as seen by the conditional effect crossing zero at a fiscal-dependence value of roughly 0.896. By demonstrating that ownership-linked lending and board composition cannot be understood independently from subnational fiscal incentives in government-owned banks, the findings advance the field of bank governance research.
Do sustainable development goals and carbon emissions disclosures have an impact on financial performance? Aswar, Muhammad Asrul; Andraeny, Dita
Journal of Contemporary Accounting Volume 8 Issue 2, 2026
Publisher : Master in Accounting Program, Faculty of Business & Economics, Universitas Islam Indonesia, Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jca.vol8.iss2.art5

Abstract

This study aims to examine the impact of Sustainable Development Goals (SDGs) disclosure and carbon emissions disclosure on financial performance in Indonesia. The sample consists of 53 companies listed in the Jakarta Islamic Index (JII) with a total of 247 firm-year observations during the 2020–2024. This study employs panel data regression using the Fixed Effect Model (FEM). The results indicate that SDGs disclosure has a negative effect on financial performance, reflecting the short-term financial pressure arising from the substantial costs of implementing sustainability-related programs. However, carbon emissions disclosure has a positive significant effect on financial performance, suggesting that transparent environmental reporting enhances corporate reputation, stakeholder trust, and market confidence. This study contribute to the sustainability and accounting literature by employing a pretax income to average equity to mitigate the influence of sectoral differences in tax rates.These findings are expected to serve as a reference for companies, governments, and regulators in formulating policies that support business sustainability.
What drives auditor effectiveness in fraud detection? the moderating effect of independence Ardiansyah, Tiffany Almadea Carlita; Wilasittha, Acynthia Ayu
Journal of Contemporary Accounting Volume 8 Issue 2, 2026
Publisher : Master in Accounting Program, Faculty of Business & Economics, Universitas Islam Indonesia, Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jca.vol8.iss2.art1

Abstract

This research examines the influence of auditor experience, professional skepticism, and auditor personality type on auditors’ ability to detect fraud, as well as the moderating role of independence. Questionnaires were distributed to 115 auditors from Public Accounting Firms in Surabaya using convenience sampling, and the data were analyzed using SmartPLS. The results show that professional skepticism and auditor personality type significantly improve fraud detection capability, while auditor experience has no significant effect. Furthermore, independence moderates the relationships between auditor experience and personality type with fraud detection, but does not moderate professional skepticism. These findings imply that fraud detection depends more on auditors’ critical judgment, behavioral characteristics, and independence than merely on tenure. This study is particularly relevant amid increasingly unstable global economic conditions that heighten fraud risk and financial statement manipulation. Even when auditors comply with audit procedures and standards, fraud may remain undetected if auditors lack critical judgment, skepticism, and independence during the audit process
The implications of political connection and audit committee on anti-corruption disclosure Blasefa, Terra; Rahman, Arief
Journal of Contemporary Accounting Volume 8 Issue 2, 2026
Publisher : Master in Accounting Program, Faculty of Business & Economics, Universitas Islam Indonesia, Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jca.vol8.iss2.art3

Abstract

This study aims to examine the effect of political connection and audit committee characteristics on anti-corruption disclosure among financial and manufacturing companies listed on the Indonesia Stock Exchange during the 2020–2024 period. This study employs a quantitative approach using secondary data obtained from annual reports and sustainability reports. The sample was selected using purposive sampling, resulting in 189 companies with an unbalanced panel dataset. Data analysis was conducted using panel data regression with the Random Effect Model (REM). The results indicate that political connection and audit committee expertise do not significantly affect anti-corruption disclosure. Meanwhile, audit committee size shows a marginal positive effect at the 10% significance level, while audit committee meeting frequency has a positive and significant effect on anti-corruption disclosure. These findings suggest that active monitoring mechanisms play a more important role in enhancing anti-corruption transparency than formal governance attributes alone. In addition, the results indicate that anti-corruption disclosure in politically connected firms may reflect legitimacy-driven disclosure practices rather than substantive governance transparency. This study contributes to the literature by integrating agency theory and legitimacy theory in explaining anti-corruption disclosure behavior, particularly through the role of politically affiliated independent commissioners within Indonesia’s two-tier governance system and the use of GRI 205-based anti-corruption disclosure measurement.
Economic determinants of local revenue: A study of Denpasar City Rahmah, Syafira Kartika; Widajantie, Tituk Diah
Journal of Contemporary Accounting Volume 8 Issue 2, 2026
Publisher : Master in Accounting Program, Faculty of Business & Economics, Universitas Islam Indonesia, Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jca.vol8.iss2.art6

Abstract

The purpose of this study is to analyze the effect of Gross Regional Domestic Product (GRDP), population, restaurants and government expenditure against local revenue, in Denpasar City. The independent variable in this study are GRDP, population, the number of restaurants and government spending while the dependent variable is local revenue. The data used are secondary data, specifically time-series data for the period 2010–2024 obtained from the Central Statistics Agency (BPS). The analysis method used is multiple linear regression analysis assisted by EViews 12 software. Before conducting the hypothesis test, classical assumption tests were first performed, covering tests for normality, multicollinearity, heteroscedasticity, and autocorrelation. The analysis findings indicate that, individually, GRDP and government spending have a positive and significant effect on local revenue in Denpasar City. Additionally, population size and the number of restaurants have a positive but insignificant effect on local revenue. This study aims to contribute to local governments in increasing local revenue through the management and maximization of influential economic factors.
Anticipating PSAK 118: A disclosure processing cost framework Azmi, Achmad Faizal
Journal of Contemporary Accounting Volume 8 Issue 2, 2026
Publisher : Master in Accounting Program, Faculty of Business & Economics, Universitas Islam Indonesia, Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jca.vol8.iss2.art9

Abstract

PSAK 118, effective from 1 January 2027, replaces PSAK 201 and aligns Indonesian financial reporting with IFRS 18 by restructuring the income statement, introducing management defined performance measures (UKTM) within audited financial statements, and strengthening aggregation and disaggregation requirements. This paper examines how these reforms are expected to influence disclosure processing in the Indonesian capital market using the disclosure processing cost framework of Blankespoor et al. (2020). The framework's three cost channels, namely awareness, acquisition, and integration costs, are applied to the three pillars of PSAK 118, incorporating Indonesian institutional characteristics such as limited analyst coverage, growing retail participation, concentrated ownership, and administrative enforcement. The analysis suggests that the structured income statement primarily reduces acquisition costs, UKTM disclosures reduce awareness costs mainly for users who access audited financial statements, and enhanced disaggregation requirements reduce integration costs. The paper develops six testable propositions and offers a research agenda for examining the implementation and economic consequences of PSAK 118 in Indonesia.
The effect of ESG on firm value through cost of debt: The moderating role of independent assurance Hanafi, Muhammad Lutfi; Pramono, Hadi; Fakhruddin, Iwan; Pramurindra, Rezky
Journal of Contemporary Accounting Volume 8 Issue 2, 2026
Publisher : Master in Accounting Program, Faculty of Business & Economics, Universitas Islam Indonesia, Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jca.vol8.iss2.art7

Abstract

This study examines the association between ESG disclosure and firm value among energy sector companies listed on the Indonesia Stock Exchange over 2019 to 2023, using 226 firm year observations, with Cost of Debt as a mediator and Independent Assurance as a moderator. Panel regression was processed using EViews and Stata, with models estimated using the Fixed Effect Model with White diagonal standard errors for consistency, supplemented by bootstrapped confidence intervals for the mediation test. Results show ESG disclosure is positively associated with Cost of Debt, contrary to expectations, while Cost of Debt is negatively associated with firm value and ESG disclosure is positively associated with firm value. Cost of Debt significantly mediates this relationship, with direct and indirect pathways running in opposite directions, indicating competitive mediation. Independent Assurance does not significantly moderate the ESG and Cost of Debt relationship. Firm size and the pandemic period are included as controls.
Firm financial attributes and discretionary accrual behavior: Evidence from Indonesia's Basic Materials and Industrial Sectors Reddivari, Archana; Payamta, Payamta
Journal of Contemporary Accounting Volume 8 Issue 2, 2026
Publisher : Master in Accounting Program, Faculty of Business & Economics, Universitas Islam Indonesia, Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jca.vol8.iss2.art8

Abstract

Variations in corporate financial characteristics may correspond to differences in the extent of reporting discretion exercised by managers. This research investigates whether leverage, asset growth, capital intensity, operating cash flow ratio, profitability, and firm size help explain discretionary accrual activity among 72 firms from Indonesia's Basic Materials and Industrial sectors during 2019–2024. Reporting discretion is measured through the absolute value of discretionary accruals derived from the Modified Jones approach. Panel-data estimation is conducted following formal specification testing, which indicates that the Random Effects model is the most appropriate baseline estimator. The results show that firms experiencing stronger asset expansion and higher operating cash flow ratios tend to display greater discretionary accrual activity. In contrast, larger firms and those with greater concentrations of fixed assets are associated with lower reporting discretion in the baseline model, although these relationships become less robust under alternative specifications. Debt intensity and profitability do not appear to explain variation in discretionary accrual behavior. Additional robustness estimation using a Fixed Effects specification with Driscoll–Kraay standard errors produces a broadly similar pattern of results. Overall, operational and growth-related conditions are more strongly associated with managerial reporting discretion than financing structure within the sampled firms.

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