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Audits

How Can Audit Issues Affect M&A and Corporate Transactions in Indonesia?

Audit issues can affect the valuation, negotiation, and completion of mergers and acquisitions (M&A) and other corporate transactions in Indonesia. Unresolved financial reporting problems,...

How Should Companies Handle Audit Misstatements in Indonesia?

When an external auditor finds an error in an Indonesian company’s financial statements, management must determine whether it needs to be corrected before the...

How Should Foreign Companies Select an External Auditor in Indonesia?

Foreign companies selecting an external auditor in Indonesia should first establish whether they need an Indonesian statutory audit, work...

When Does an Indonesian Subsidiary Need an Audit for Foreign Group Reporting?

An Indonesian subsidiary may need audit work for foreign group reporting when its financial information is included in its...

What Should Companies Do When Auditors Propose Financial Statement Adjustments in Indonesia?

When an auditor proposes a financial statement adjustment in Indonesia, management should assess the accounting basis for the proposed...

How Much Does a Statutory Audit Cost in Indonesia?

As an indicative benchmark, statutory audit fees in Indonesia can start from around IDR 40 million (USD 2,400) for...

Director Liability Risks in Indonesia’s Statutory Audits

A statutory audit does not automatically make a director personally liable for errors found in a company’s financial statements....

Audit Requirements for PT PMA vs Representative Offices in Indonesia

A PT PMA can become subject to a statutory financial statement audit under Indonesia's Company Law, while a representative...