Risk Control Strategy in Public Financial Management in NorthSumatra
DOI:
https://doi.org/10.64803/cessmuds.v1.66Keywords:
Risk Management, Public Financial Management, SPIP, Internal Control, North SumatraAbstract
Public financial management is a vital element in realizing transparent, accountable, and
service-oriented governance. However, the complexity of the planning, budgeting, implementation, and
accountability processes at the regional level often gives rise to various risks that can hamper the effectiveness of
government administration. This study aims to analyze risk control strategies in public financial management in
North Sumatra Province, identify the most dominant types of risks, and evaluate the effectiveness of control
mechanisms implemented by the regional government. The research method uses a qualitative approach with
data collection techniques through documentation studies, interviews with regional financial management
officials, and analysis of financial reports and supervisory findings. Data analysis was conducted descriptively
with reference to the enterprise risk management (ERM) framework and the Government Internal Control
System (SPIP). The results show that the main risks in public financial management in North Sumatra include
the risk of inaccurate planning, budget implementation discrepancies, administration and procurement risks, and
the risk of low compliance with standard procedures. Although the regional government has implemented a
number of control measures, such as increasing the role of APIP, strengthening SPIP, and utilizing information
technology, their effectiveness remains limited due to variations in human resource capacity, suboptimal crossunit coordination, and a weak risk management culture. This study concludes that risk control strategies in North
Sumatra need to be directed at strengthening data-based risk identification, integrating oversight with planning
and budgeting processes, improving staff competency, and implementing an integrated information system that
supports sustainable control. The findings of this study are expected to serve as a reference in developing more
comprehensive risk management policies in the public sector, particularly in improving the accountability and
effectiveness of regional budget management
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