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Tag: Audits in Indonesia

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...

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...

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...

Understanding Audit Thresholds in Indonesia and How Revenue and Assets Are Calculated

An Indonesian limited liability company, including a PT PMA, must have its annual financial statements audited when its total...

Missing a Mandatory Audit in Indonesia and Its Consequences

If a PT PMA is legally required to have its annual financial statements audited but does not complete the...

Do Loss-Making Foreign-Owned Companies in Indonesia Still Require an Audit?

A loss-making foreign-owned company in Indonesia can still be required to have its annual financial statements audited. Under Article...

How Shareholding Changes Trigger Audit Obligations for Foreign-Owned Companies in Indonesia

A change in shareholders does not, by itself, automatically trigger a statutory financial-statement audit in Indonesia. An audit obligation...