Company Law in Indonesia requires audit of financial statements by among others, limited liability companies, companies with assets more than 50 billion rupiah, and public companies. Our skilled auditors at Paul Hype Page offer dependable and expert audit services that foster shareholder trust and offer investors the certainty required for well-informed choices. Following rigorous international auditing standards, we conduct comprehensive and autonomous audits, pinpointing possible inaccuracies to present an authentic view of your company’s financial well-being, heighten stakeholder assurance and ensure regulatory conformity.
Company audits in Indonesia hold significant importance due to their role in ensuring the accuracy, reliability, and transparency of financial information. An audit is an independent and systematic assessment of an organisation’s statutory records, financial documents, and book of accounts. In Indonesia, audits are conducted in accordance with the Indonesian Financial Accounting Standards (SAK) established by the Financial Accounting Standards Board (DSAK IAI) and the Indonesian Sharia Accounting Standards Board (DSAS IAI) for sharia-based companies.
The primary objective of a company audit is to determine the extent to which the financial statements, along with their non-financial disclosures, present a true and fair representation of the company’s financial status. By conducting thorough examinations and assessments, auditors provide credibility to the financial statements, ensuring that they are reliable and accurate.
Furthermore, company audits contribute to the improvement of a company’s internal controls and systems. Through the auditing process, weaknesses and deficiencies in internal controls can be identified, allowing the company to implement corrective measures and strengthen its governance framework. This helps mitigate risks, prevent fraudulent activities, and enhance the overall efficiency and effectiveness of the company’s operations. Other than analysing the credibility of the financial statements, audits also analyse the material misstatement risks that are present within them.