Audited Financial Statements, Financial Literacy, Perceived Audit Costs, And Access To Financing Among Culinary
DOI:
https://doi.org/10.60023/bq5gtv89Keywords:
audited, financial, statement, MSMEsAbstract
This study offers originality by examining access to financing among culinary MSMEs through the combined lens of audited financial statements, financial literacy, and perceived audit costs, a relationship that remains underexplored in the local context of Banyumas Regency. The study aims to analyze whether these three factors influence the ease of access to external financing for culinary MSMEs. A quantitative explanatory approach with a cross-sectional survey design was employed. Data were collected from 135 owners/managers of culinary MSMEs affiliated with ASPIKMAS Patikraja, Banyumas Regency, using a structured questionnaire with a five-point Likert scale. The data were analyzed using PLS-SEM with bootstrapping of 5,000 resamples. The empirical results show that the model has very weak explanatory power (R² = 0.011), and none of the proposed predictors significantly affect financing access: audited financial statements (β = −0.097; p = 0.256), financial literacy (β = −0.002; p = 0.977), and perceived audit costs (β = −0.039; p = 0.670). These findings imply that financing access among culinary MSMEs is likely shaped more by contextual lending factors, such as collateral, cash-flow stability, business legality, and relationship lending, than by audit-related attributes alone
Downloads
References
Abdurrahman, A., & Nugroho, A. (2024). The role of digital financial literacy on financial well-being with financial technology, financial confidence, financial behavior as intervening and sociodemography as moderation. Jurnal Ekonomi Dan Bisnis, 27(Oktober), 191–220.
Alduraywish, Y. (2023). Do audited firms have better access to credit?: Evidence from emerging countries. Cogent Business and Management, 10(2). https://doi.org/10.1080/23311975.2023.2195985
Amelia, Sindi; Paramitalaksami, R. (2024). Optimalisasi Pengelolaan Laporan Keuangan UMKM Berbasis Digital. Mengabdi: Jurnal Hasil Kegiatan Bersama Masyarakat, 2(6), 51–60.
André Strand Aase, Ø. (2022). Effects of Voluntary Audit on Accounting Quality in Small Private Firms Effects of Voluntary Audit on Accounting Quality in Small Private Firms Effects of Voluntary Audit on Accounting Quality in Small Private Firms. http://ssrn.com/abstract=4005238Electroniccopyavailableat:https://ssrn.com/abstract=4005238https://ssrn.com/abstract=4005238
Arens, A. A. ; R. J. E. M. S. B. (2014). Auditing and Assurance Services (15th Editi). Pearson Education Limited.
Asaidah, R. R., & Izzaty, K. N. (2020). The Effect Of Msme’s Financial Statements Quality To Banking Credit Accessibility. Business and Accounting Research (IJEBAR) Peer Reviewed-International Journal, 4(2), 157–170. http://jurnal.stie-aas.ac.id/index.php/IJEBAR
Azizeh, N., Widyastuti, U., & Yusuf, M. (2022). Determinant Of Financial Management Behavior And Impact On Financial Satisfaction In Generation Z. Jurnal Dinamika Manajemen Dan Bisnis, 5(2). http://journal.unj.ac.id/unj/index.php/jdmb
Bahruddin, & Tahir, H. (2024). Analisis Audit Operasional Atas Pengelolaan Persediaan Bahan Baku Ukan pada UMKM Kelompok Sirkandi Dinas Pertanian, Kelautan dan Perikanan Kota Parepare(Studi Kasus pada Kelompk Kedai Pesisir Ummi Abon). Journal AK-99, 4(1), 43–55.
Banyumas, D. Kab. (2024). Data dan Informasi Kabupaten Banyumas Tahun 2024 (Vol. 8).
Dwinanto Bimo, I., Siregar, S. V., Anitawati Hermawan, A., & Wardhani, R. (2019). Internal Control Over Financial Reporting, Organizational Complexity, and Financial Reporting Quality. In International Journal of Economics and Management Journal homepage (Vol. 13, Issue 2). http://www.ijem.upm.edu.my
Efrim Boritz, J., Robinson, L. A., Wong, C., Bedard, J. C., Bishop, T., Hamilton, E., Hoang, K., Messier, B., Pomeroy, B., Richardson, A., Saiewitz, A., Smith, J., Williams Smith, K., & Thibodeau, J. (2017). Auditors’ And Specialists’ Views About The Use Of Specialists During An Audit.
Eka, A. P. B., Sarlina Sari, Sutono, S., Fachmi Tamzil, & Dewi Anggraeni. (2024). Optimizing Digital Applications For MSMEs In Operational Efficiency And Encouraging The Acceleration Of The Digital Economy. Jurnal Ekonomi, 13(03), 173–179. https://doi.org/10.54209/ekonomi.v13i03
Erwin Haryono. (2023, February 2). Strategi Baru Tingkatkan Pembiayaan UMKM melalui Multichannel Financing. Https://Www.Bi.Go.Id/Id/Publikasi/Ruang-Media/News-Release/Pages/Sp_254123.Aspx.
Fadilah, N. N. (2024). Pengaruh Literasi Keuangan, Literasi Akuntansi, Dan Literasi Digital Terhadap Kinerja Umkm Sub Sektor Usaha Mikro Di Kota Pontianak Tahun 2022. Jurnal Kajian Ilmiah Akuntansi Fakultas Ekonomi Untan (KIAFE), 2(2), 31–48.
Faizal Rizky Yuttama, & Yadi Fakhruzein Terang Jaya. (2025). Strengthening MSME Creditworthiness through Financial Transparency and Digital Accounting Innovation. Green Inflation: International Journal of Management and Strategic Business Leadership, 2(2), 80–85. https://doi.org/10.61132/greeninflation.v2i2.331
Gyamera, E., & Eklemet, I. (2024). Auditing Services and SME Financial Performance: The Moderating Role of Information Technology. Bulletin of Applied Economics, 15–30. https://doi.org/10.47260/bae/1122
Haliana. (2026). The Effect of the Quality of Financial ….. 788 The Effect Of The Quality Of Financial Statements And Access To Financing On The Performance Of Msmes In Indonesia. In Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) (Vol. 9, Issue 1).
Hasibuan, E. S., Suraji, R., Ikhsan, A., & Sastrodiharjo, I. (n.d.). Enhancing Financial, Legal, and Risk Management for MSMEs in Brunei Darussalam: Strategies for Sustainable Growth. https://doi.org/10.38035/ijam.v3i3
Hasibuan, I. M., & Marliyah. (2024). Kendala Aksesibilitas Pembiayaan Usaha Mikro Kecil Dan Menengah (Umkm) Dari Lembaga Keuangan. AKSIOMA: Jurnal Manajemen, 3(1), 15–24.
ICAS. (2025). Small and medium-sized enterprises (SME) market study.
Institute For Development of Economics and Finance (INDEF). (2024). Peran Platform Digital Terhadap Pengembangan Umkm Di Indonesia (Vol. 1). INDEF.
Kristianto, Giovanny; Naufalin, Rifda; Yustisia, P. (2023). Pengantar UMKM. In I. R. Bawono (Ed.), Universitas Jenderal Soedirman (1st ed., Vol. 5, Issue 3). Unsoed Press.
Kurniawan, P. C., & Setiawan, S. (2021). Laporan Keuangan Umkm Katering Mbok Dade Dan Pengaruhnya Pada Akses Kredit Perbankan Era Pandemi Covid-19. ECONBANK:Journal Of Economic and banking, 3(2), 97–103.
Mellinia, S. P., Budiarti, L., & Ulfah, P. (2023). Pengaruh Literasi Keuangan, Sikap Keuangan, dan Perilaku Pengelolaan Keuangan terhadap Kinerja UMKM Bidang Kuliner. Jurnal Riset Akuntansi Dan Keuangan, 11(3), 549–568. https://doi.org/10.17509/jrak.v11i3.52018
Mualim Hasibuan, I., & Manajemen Vol, J. (2024). Kendala Aksesibilitas Pembiayaan Usaha Mikro Kecil Dan Menengah (Umkm) Dari Lembaga Keuangan Obstacles Of Accessibility Of Financing For Micro Small And Medium Enterprises (Msmes) From Financial Institutions. AKSIOMA: Journal Manajemen, 3(1), 15–24.
Nurprabowo, A., & Meilani, M. M. (2023). Kajian Sektor Formal Investasi Umkm Memperkuat Pilar Ketahanan Ekonomi Nasional Kajian Strategis Seri Energi Hijau.
Octavia, L. A., & Rita, M. R. (2021). Digitalisasi UMKM, Literasi Keuangan,dan Kinerja Keuangan : Studi Pada Masa Pandemi Covid-19. Journal Business and Banking, 11(1), 73–92. https://doi.org/10.14414/jbb.v11i1.2552
OECD. (2018). OECD/INFE Core Competencies Framework On Financial Literacy For MSMEsS.
Onome Imoniana, J., Carlos, D., Filho, N., Cornacchione, E. B., Reginato, L., & Benetti, C. (2023). Impact of Technological Advancements on Auditing of Financial Statements. European Research Studies Journal, XXVI(4), 131–159.
Paul Thompson. (2014, May 14). What is the Future for Assurance and Small Business? Https://Www.Ifac.Org/Knowledge-Gateway/Discussion/What-Future-Assurance-and-Small-Business.
Plt. Kepala Departemen Literasi, I. K. dan K. O.-M. I. R. (2025, May 2). Siaran Pers Bersama: Indeks Literasi dan Inklusi Keuangan Masyarakat Meningkat, OJK dan BPS Umumkan Hasil Survei Nasional Literasi Dan Inklusi Keuangan (SNLIK) Tahun 2025. Https://Ojk.Go.Id/Id/Berita-Dan-Kegiatan/Siaran-Pers/Pages/OJK-Dan-BPS-Umumkan-Hasil-Survei-Nasional-Literasi-Dan-Inklusi-Keuangan-SNLIK-Tahun-2025.Aspx.
Pratiwi, A., Huda, N., Muhammad Rizqi, R., & Tinggi Ilmu Ekonomi Bima, S. (2025). Influence Of Financial Literacy, Digital Literacy, And Mental Accounting Towards Sustainability Of MSMEs. Procuratio: Jurnal Ilmiah Manajemen, 13(1), 50–58. http://ejournal.pelitaindonesia.ac.id/ojs32/index.php/PROCURATIO/index
Primasari, D., Magfiroh, S., & Sudjono, S. (2020). Cultivation of Accounting-Based Financial Management Technology and E-Commerce Adoption on the Development of MSMEs in Banyumas Regency (An Approach to Planned Behavior Theory). Finance, Accounting and Business Analysis, 2(2), 2020. http://faba.bg
Pujiastuti, H. (2023). The Role of Financial Statements for Culinary SME ’ s in Jakarta. 4(2), 219–232.
Putri, S. (2021). “Pengaruh Audit Fee, Audit Tenure, Dan Independensi Auditor Terhadap Kualitas Audit.” 16(2), 109–121.
Putu Diah Pradnya Paramitha Pradnya, & Gede Adi Yuniarta. (2024). Pengaruh Digitalisasi UMKM, Persepsi Atas Informasi Akuntansi, dan Prinsip Going-Concern Terhadap Efektivitas Pelaporan Keuangan UMKM sesuai SAK EMKM. Vokasi : Jurnal Riset Akuntansi, 13(1), 138–149. https://doi.org/10.23887/vjra.v13i1.61332
Samudra, P. Y. (2020). Pengaruh Modal Awal, Lama Usaha, Tenaga Kerja dan Pembiayaan Terhadap Tingkat Perkembangan Usaha Mikro Kecil Menengah (UMKM): Studi Pada debitur PT. Bank Rakyat Indonesia Syariah Kantor Cabang Malang Soetta. Jurnal Ilmiah Jurusan Ilmu Ekonomi Universitas Brawijaya.
Silaen, R. P., & Dewayanto, T. (2024). Penggunaan Berbagai Artificial Intelligence Pada Proses Audit-a Systematic Literature Review. Diponegoro Journal of Accounting, 13(2), 1–15. http://ejournal-s1.undip.ac.id/index.php/accounting
Sudrajad, A. I., Tricahyono, D., Al-Amin, Zuwardi, Yulianti, E. B., Irnayenti, Ahmad, & Rosmawati, W. (2023). The Role of Digitalization Performance on Digital Business Strategy in Indonesia MSEMs. International Journal of Professional Business Review, 8(6), e02260. https://doi.org/10.26668/businessreview/2023.v8i6.2260
Sumarwoto, & Heru Suyitno. (2025, May 25). Bupati: Banyumas miliki potensi besar dalam pengembangan UMKM. Https://Jateng.Antaranews.Com/Berita/581149/Bupati-Banyumas-Miliki-Potensi-Besar-Dalam-Pengembangan-Umkm?Utm_source=chatgpt.Com.
Tambunan, E. C., Enuh, K., Ubaidullah, U., & Tamba, M. (2022). Capital Access For Micro Small Medium Enterprises. Jurnal Ekonomi Dan Perbankan Syariah, 10(2), 148–158. https://doi.org/10.46899/jeps.v10i2.375
Thottoli, M. M., Al-Shukaili, A. H., Ali-Alalawi, M., & Al-Amri, F. K. (2021). Does Creditors Terms and Accounting Process Affect MSMEs Debtor’s Management? The Need for Novel IT Tools. Revista Gestão Inovação e Tecnologias, 11(4), 4545–4560. https://doi.org/10.47059/revistageintec.v11i4.2483
Vanauken, H. E., Ascigil, S., & Carraher, S. (2016). Turkish SMEs’ Use of Financial Statements for Decision Making. The Journal of Entrepreneurial Finance, 19(1). https://doi.org/10.57229/2373-1761.1267
Wang, D.; Walker, T.; Barabanov, S. (2020). A psychological approach to regaining consumer trust after greenwashing: the case of Chinese green consumers. Journal of Consumer Marketing, 37(6), 593–603.
Wang, H., & Chen, S. (2021). Credit availability, signalling and auditor choice. China Journal of Accounting Studies, 9(1), 113–141. https://doi.org/10.1080/21697213.2021.1927770
Weik, A., Eierle, B., & Ojala, H. (2018). What drives voluntary audit adoption in small German companies? International Journal of Auditing, 22(3), 503–521. https://doi.org/10.1111/ijau.12134
Wijaya, K. (2019). Pengaruh Kualitas Laporan Keuangan Terhadap Umkm Serta Prospek Implementasi Sak Etap. Jurnal Ecobisma, 6(2), 89–100.
Wiralestari, & Hernando, R. (2020). Factors Affecting The Quality Of Msme Financial Reporting.
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Giovanny Kristianto, Dianningsih (Author)
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
