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).
Yes, failure to comply with accounting and tax regulations in Indonesia may result in penalties and fines imposed by the tax authorities. It is crucial to maintain accurate records, meet reporting deadlines, [...]
Small businesses that do not meet the criteria mentioned earlier are generally not required to have their financial statements audited. However, they are still required to maintain proper accounting records and comply [...]
In accordance with the Company Law in Indonesia, limited liability companies are required to have their financial statements audited by a registered public accountant if they fulfil any of the following conditions: [...]
An auditor plays a crucial role in verifying and assessing the accuracy and reliability of a company's financial statements. They conduct an independent examination of the financial records, assess internal controls, and [...]
