Good Governance Based on Local Wisdom and tts Implications for The Quality of Accounting Information of Lpd in Bali (Case Study of Canggu Traditional Village)

Authors

  • Putu Nuniek Hutnaleontina Faculty of Economics, Business, and Tourism, Universitas Hindu Indonesia, Indonesia
  • I Wayan Sudiana Faculty of Economics, Business, and Tourism, Universitas Hindu Indonesia, Denpasar, Indonesia, Indonesia
  • Ni Made Wisni Arie Pramuki Faculty of Economics, Business, and Tourism, Universitas Hindu Indonesia, Denpasar, Indonesia, Indonesia
  • Ni Wayan Alit Erlina Wati Faculty of Economics, Business, and Tourism, Universitas Hindu Indonesia, Denpasar, Indonesia, Indonesia
  • Kadek Dewi Padnyawati Faculty of Economics, Business, and Tourism, Universitas Hindu Indonesia, Denpasar, Indonesia, Indonesia

DOI:

https://doi.org/10.46650/jsds.7.2.1755.81-88

Keywords:

LPD, good governance, local wisdom, Tri Hita Karana, quality of accounting information

Abstract

The Village Credit Institution (Lembaga Perkreditan Desa or LPD) is a traditional community-based financial entity that plays a strategic role in empowering the Balinese economy. In terms of governance, the implementation of good governance principles aligned with local values is key to ensuring transparency, accountability, and the quality of financial reporting. This study aims to examine the practice of good governance based on local wisdom and its implications for the quality of accounting information in LPD, using a case study of the LPD of Desa Adat Canggu, which received an Unqualified Opinion (WTP) from the regional government auditor.The research adopts a qualitative descriptive method with an exploratory approach through in-depth interviews, participatory observation, and document analysis. The findings reveal that the implementation of good governance principles at the LPD of Desa Adat Canggu such as transparency, accountability, responsibility, independence, and fairness is internalized through traditional value systems and the Tri Hita Karana philosophy. This local wisdom-based governance has a positive impact on enhancing the quality of accounting information, particularly in terms of relevance, reliability, and readability of financial statements. Informal oversight mechanisms through village councils (paruman desa) and customary laws (awig-awig) further strengthen the integrity and social legitimacy of LPD financial management. However, this study is limited in scope, as external factors such as regional government policies and socio-economic dynamics of the community have not been explored in depth regarding their influence on governance and information quality.

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Published

2025-12-18

How to Cite

Putu Nuniek Hutnaleontina, I Wayan Sudiana, Ni Made Wisni Arie Pramuki, Ni Wayan Alit Erlina Wati, & Kadek Dewi Padnyawati. (2025). Good Governance Based on Local Wisdom and tts Implications for The Quality of Accounting Information of Lpd in Bali (Case Study of Canggu Traditional Village). Journal of Sustainable Development Science, 7(2), 81–88. https://doi.org/10.46650/jsds.7.2.1755.81-88

Issue

Vol. 7 No. 2 (2025)

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Articles

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