After weeks of intense investigation, Mulyadi's findings confirmed his initial suspicions. The company's financial statements had been materially misstated, with the related-party transactions and revenue recognition policy issues being just the tip of the iceberg. There were also concerns about the company's internal controls and governance.
Mulyadi documented his findings in a detailed report, complete with evidence and analysis. He was aware that his report would have significant implications for PT. Maju Jaya and its stakeholders, including investors, creditors, and regulatory bodies. mulyadi auditing pdf
The audit report was submitted to the company's management, who were shocked and disappointed by the findings. The company's stock price plummeted, and the regulatory bodies, including the OJK, took notice. After weeks of intense investigation