As an indicative benchmark, statutory audit fees in Indonesia can start from around IDR 40 million (USD 2,400) for smaller companies, while larger companies can face fees of IDR 100 million (USD 6,000) or more. Actual fees depend on the scope and complexity of the engagement.
What Determines the Cost of a Statutory Audit in Indonesia?
The cost of a statutory audit is not determined by company size alone. The amount of work required can differ substantially among Indonesian companies with similar revenue or asset values because their transaction volumes and operating structures may differ significantly.
Planning a statutory audit in Indonesia? Contact MAP Resources Indonesia at info@mapresourcesindonesia.com to discuss your requirements and audit scope.
A services company processing a relatively small number of transactions, for example, may require less audit work than a similarly sized manufacturing or distribution company with significant inventory. Where inventory is material, the audit may involve procedures relating to its existence and condition, including attendance at physical inventory counts. Multiple warehouses, factories, branches, or other operating locations can further expand the scope.
For foreign-owned companies, related-party and cross-border arrangements can also increase the work involved. Intercompany balances, shareholder loans, management or service fees, and other transactions with overseas affiliates may require additional audit procedures. An Indonesian subsidiary may also be subject to reporting instructions from its foreign parent or group auditor.
The condition of the Indonesian entity’s financial records may have an additional impact. Unreconciled balances, incomplete supporting documentation, or differences between intercompany balances recorded in Indonesia and those recorded by overseas group entities may require additional work before the audit can be completed.
What Foreign Investors Should Check in an Indonesian Audit Quotation
For a foreign-owned company, the quoted audit fee should reflect the actual scope of the Indonesian engagement. This becomes particularly important where the subsidiary has inventory, multiple operating locations, significant related-party transactions, or reporting obligations to an overseas parent.
Companies holding material inventory should establish whether required inventory observations are included in the proposed scope and whether additional warehouses or other locations create separate costs. Where an Indonesian company operates several branches, factories, or facilities, the quotation should similarly make clear which locations are covered.
Foreign investors should also determine whether requirements imposed by the overseas parent or group auditor are included. Group reporting packages, additional schedules, communication with the group auditor, and procedures performed for consolidation purposes can extend the work beyond the Indonesian statutory financial statement audit.
Companies should also distinguish the statutory audit fee from other professional services that may be required alongside the engagement. Tax compliance, transfer pricing documentation, accounting remediation, and other advisory work should not be assumed to be included in the statutory audit quotation unless they are expressly incorporated into the agreed scope.
Need support with your company’s statutory audit in Indonesia? Contact MAP Resources Indonesia at info@mapresourcesindonesia.com for assistance.
The quotation should also specify whether the stated amount includes applicable taxes and reimbursable expenses, or whether these will be charged separately. Travel to factories, warehouses, branches, or other locations can be relevant where on-site audit procedures are required.
Contact MAP Resources Indonesia for Statutory Audit Support
Statutory audit costs in Indonesia vary according to the scope and complexity of each engagement. Contact us today at info@mapresourcesindonesia.com to arrange a consultation.
