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 [...]
Audits in Indonesia are conducted by qualified auditors who are registered with the Financial Services Authority (OJK) or the Indonesian Institute of Certified Public Accountants (IAPI).
Auditing services are professional services that provide compliant financial statements and ensure that the finances are in order before communicating to key stakeholders.
The audited financial statements must be submitted within 6 months from the end of the financial year.
Depending on volume and complexity of transactions, an audit can take a few weeks or up to months.
