Membedah Patologi Akuntabilitas: Disfungsi Laporan Keuangan Dan Krisis Etika Dalam Tata Kelola Publik Indonesia (Studi Kasus pada PT. Asuransi Jiwasraya)
Keywords:
Keywords: financial reporting dysfunction, public accountability, corporate governance, corporate corruption, insurance.Abstract
Abstract
This research analyzes the dysfunction of PT Asuransi Jiwasraya (Persero)
financial statements for the 2015–2019 period as a manifestation of
accountability pathology within Indonesia's public governance. Utilizing a
qualitative case study approach and a Systematic Literature Review, this study
integrates the analysis of key financial ratios—including Risk-Based Capital
(RBC), ROA, ROE, and DER—with a thematic review of Audit Board of Indonesia
(BPK) audit reports and sectoral regulations. The findings indicate that financial
statements were transformed into instruments for legitimizing corruption
through asset inflation, recognition of unrealized gains, and the concealment of
liabilities. These practices created an illusion of symbolic solvency intended to
evade regulatory intervention despite extreme investment risks. This research
underscores that reporting dysfunction is not merely a technical failure but a
product of institutional pathology involving performance pressure, structural
oversight weaknesses, and managerial ethical rationalization. Strengthening
substantive accountability through risk-based forensic audits and governance
reform is an urgent necessity to restore the integrity of public financial reporting.
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