TRANSISI SAK ETAP KE SAK EP: TANTANGAN ATAU PELUANG BAGI BPR?

This study aims to explore the challenges and opportunities faced by Rural Banks (BPR) in the transition from the Financial Accounting Standards for Entities Without Public Accountability (SAK ETAP) to the Financial Accounting Standards for Public Accountability Entities (SAK EP). The study employs a qualitative approach with a phenomenological design, involving internal auditors, external auditors, and accounting staff directly involved in the preparation of financial statements as informants. Data were collected through semi-structured interviews and analyzed using thematic analysis. The findings reveal that the transition to SAK EP presents several challenges, including the complexity of the standards, the need to adjust internal systems and procedures, and limitations in human resource competencies. On the other hand, the implementation of SAK EP provides opportunities to improve the quality, consistency, and credibility of financial statements while also enhancing the competence and professionalism of accounting staff. With appropriate adaptation strategies, this transition can serve as a long-term investment for BPR in strengthening governance, integrity, and the reliability of financial reporting.