A managing partner is responsible for day-to-day operations in the partnership. Whether you need one depends on your partnership's size and structure. If appointed, your Partnership Agreement should outline their role and [...]
Financial decisions, profit distribution, and taxation should be clearly defined in your Partnership Agreement. Consult with a tax professional to navigate Indonesia's tax regulations and choose the most suitable options for your [...]
Your Partnership Agreement should include dispute resolution clauses, such as mediation or arbitration, to avoid costly litigation. These mechanisms help partners resolve conflicts amicably.
Yes, you can customise your Partnership Agreement to include specific terms or clauses that are unique to your partnership's needs. However, it's advisable to consult with legal professionals or experts familiar with [...]
Yes, audits can be beneficial for SMEs in Indonesia as they provide an independent assessment of financial statements, enhance transparency, and improve the company's credibility among stakeholders, including lenders, investors, and business [...]
Yes, companies have the right to change auditors in Indonesia. However, it is important to follow the procedures and requirements set by the Financial Services Authority (OJK) and the Indonesian Institute of [...]
After the completion of an audit, the auditor prepares an audit report, which includes their findings, opinions, and recommendations. The company's management reviews the report, addresses any identified issues, and takes necessary [...]
Companies can prepare for an audit by organising their financial records, ensuring compliance with accounting standards and regulations, conducting internal reviews, and addressing any identified issues or weaknesses in internal controls. Seeking [...]
Yes, companies have the option to undergo voluntary audits even if they are not legally required to do so. Voluntary audits can provide additional credibility and assurance to stakeholders and demonstrate a [...]
Non-compliance with audit requirements can lead to penalties, fines, reputation damage, and regulatory actions by authorities such as the Financial Services Authority (OJK). It is essential for companies to adhere to audit [...]
