ANALYSIS OF FACTORS IN IMPLEMENTING RISK-BASED PERFORMANCE AUDITS THAT AFFECT FIRM VALUE

As an external audit institution for the management and accountability of state finances, BPK is responsible conducting financial, performance, with a specific objective, including in BUMNs. However, BUMNs' financial reports are audited by public accounting firm (KAP) following laws regulations. Although opinion statements contributions to State exhibit positive trend, opposite trend happens ratio their overall particularly return on assets (ROA) BUMN. This study was analyzed using Structural Equation Modeling-Partial Least Square (SEM-PLS) approach test series relationships. The analysis results indicate that auditor must consider risk designing performance scope, as internal auditor's assessment scope impact value. Nevertheless, study's presence need auditors when determining have no significant