Indonesia
Methodology
Last updated: 03/2016
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Member Organizations
Member Associate
Legal and Regulatory Environment
Accounting, auditing, and financial reporting requirements in Indonesia are stipulated by the following laws and regulations: The Limited Liability Company Law No. 40 of 2007 requires corporate entities to prepare...
In Indonesia, both the audit and accountancy professions are regulated.To practice the accountancy profession in Indonesia, individuals have to be members of the Ikatan Akuntan Indonesia/Institute of Indonesia Chartered...
The Pusat Pembinaan Profesi Keuangan/Center for Supervision of Financial Service (PPPK) is responsible for the supervision of the accountancy profession in Indonesia, including monitoring the professional activity of...
There are three national professional accountancy organizations operating in Indonesia:Ikatan Akuntan Indonesia/Institute of Indonesia Chartered Accountants (IAI)The IAI is responsible for the regulation of professional...
There is no information on ongoing projects...
Adoption of International Standards
Public accountants in Indonesia are subject to a multi-layer system of supervision, with each responsible party conducting quality assurance (QA) reviews of auditors. Under the Public Accountants Act of 2011 (PAA), the...
The Indonesian Ministry of Higher Education, Ministry of Finance (MoF), Ikatan Akuntan Indonesia/Institute of Indonesia Chartered Accountants (IAI), and Institut Akuntan Publik Indonesia/Indonesian Institute of Certified...
Under the Public Accountants Act of 2011, the Institut Akuntan Publik Indonesia/Indonesian Institute of Certified Public Accountants (IAPI) has direct responsibility for setting auditing standards in Indonesia and has...
The Ikatan Akuntan Indonesia/Institute of Indonesia Chartered Accountants (IAI) and the Institut Akuntan Publik Indonesia/Indonesian Institute of Certified Public Accountants (IAPI) are responsible for setting ethical...
The Government Accounting Standard Committee (KSAP), established under Minister of Finance Decree No. 379 of 2004, is responsible for setting Public Sector Accounting Standards in Indonesia. The KSAP is an independent...
The investigation and discipline (I&D) of accountancy professionals in Indonesia is shared between the Pusat Pembinaan Profesi Keuangan/Center for Supervision of Financial Service Professions of the Ministry of Finance...
Under Limited Liability Company Law No. 40 of 2007, the Indonesian Financial Accounting Standard Board (DSAK IAI)—which is part of the Ikatan Akuntan Indonesia/Institute of Indonesia Chartered Accountants...
Relevant OrganizationsIkatan Akuntan Indonesia (IAI)Institut Akuntan Publik Indonesia (IAPI)Relevant PublicationsFinancial Stability Board, “Global Shadow Banking Monitoring Report 2014—Indonesia,” October...
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