Abstract:

This paper aims to analyze accounting treatment that are related to the recognition of concession agreements between PT GGA and Badan Pengatur Jalan Tol (BPJT) and also the audit process related to the testing of impairment on intangible assets of PT GGA. PT GGA is a toll road company that has a concession agreement with BPJT. The analysis shows that the agreement between BPJT and PT GGA meets the criteria as a concession agreement in accordance with ISAK 16, becausep the BPJT controls and it regulates the prices and services that must be provided by PT GGA, and PT GGA must return the toll road to the BPJT at the end of the concession period. Regarding the rules for recognizing concession rights in ISAK 16, the concession rights owned by PT GGA can be recognized as intangible assets. As the concession rights are recognized as intangible assets, it is necessary to periodically assess impairment base on PSAK 48. Based on the results of the impairment test conducted by PT GGA, it shows that intangible assets do not experience impairment. Furthermore, because impairment testing requires accounting estimates, the BOS KAP conducts an audit process of these accounting estimates. BOS KAP conducts an audit process in accordance with ISA 540 regatding the audits of accounting estimates. The testing result for impairment by KAP BOS are in line with the result from PT GGA, mean that there is no any impairment.