Abstract

Consolidated financial statements are financial statements which are a combination of all the financial statements of the reporting entity so that they are presented as a single entity. In Indonesia, consolidated financial statements are regulated in the Statement of Government Accounting Standards (PSAP) number 11 concerning "Consolidated Financial Statements" while in the international scope, it is known as International Public Sector Accounting Standards (IPSAS) number 6 concerning "Consolidated Financial Statements and Accounting for Controlled Entities. ” or better known as (International Public Sector Accounting Standards) is an accounting standard for types of public sector entities that has been developed by the International Public Sector Accounting Standards Board (IPSASB).