Transparency of Cooperative Financial Reporting Through Annual Member Meetings

Cooperatives have a very important role in growing and developing the people's economic potential and in realizing democratic economic life. The existence of cooperatives in improving the welfare of their members greatly supports the national and global economy. In cooperative management, financial reports are accounted for transparently at the Annual Member Meeting (RAT). However, in reality in the 2021 reporting there are still around 40% of cooperatives in Denpasar that have not carried out RAT (Department of Cooperatives and UMKM, 2021). The Annual Member Meeting (RAT) is an obligation of the Cooperative which must be held every year after closing the previous year's books. This has been regulated in Law Number 25 of 1992 concerning Cooperatives, which is stated in Articles 22 to. 26. By implementing RAT in each Cooperative every year, it is hoped that it will be able to provide greater benefits in improving the economy and welfare for all its members and society in general. The conclusion of thisresearch isthat there are still Denpasar City cooperatives that have not implemented RAT and if they do not carry out RAT three times in a row they are threatened with being inactive