An auditor does a financial audit to give their opinion on whether financial statements follow Accounting Standards. They check the information to a reasonable extent to make sure it’s accurate. The auditor collects evidence to see if there are any significant mistakes or errors in the statements.

Yes, all limited companies formed in Indonesia, including those operating overseas, need to go through the annual process to audit their company accounts. This is a legal requirement for all limited companies in Indonesia (according to Indonesia Companies Ordinance and Inland Revenue Ordinance), so it’s mandatory to file a Statutory Audit in accordance with the Indonesia Financial Reporting Standards.

A financial audit for Indonesia businesses involves an auditor checking the company’s financial records to make sure they follow the rules and standards known as Accounting Standards. They look at the company’s money-related documents, like income and spending, to ensure they’re accurate and meet the required standards. The goal is to provide confidence to both the company’s management and external parties, such as investors or regulators, that the financial information is reliable. The auditor also examines if there are any mistakes or misleading information in the financial statements. The audit report may be submitted to the Inland Revenue Department to show compliance with financial reporting frameworks.

The auditor would start the audit by understanding the nature of the company. They then collect documents as audit evidence such as invoices, goods delivery and receipt notes, sales and purchases contracts, purchase orders, sales orders, rental agreements, bank-in slips, bank statements, bank loan agreements, and financial breakdowns to support the figures disclosed in the financial statements. In addition, audit confirmation would be performed with a bank, and account receivables and payables to verify year-end balances.

Of course, other auditing testing and audit procedures will be performed as well. Enquiries will be made to the management during the audit. The auditor would give an audit opinion in the audit report whether financial statements are fairly stated in accordance with Accounting Standards, and whether the statements contain errors or other misstatements.

An auditor is an independent Certified Public Accountant (Practising) registered in Indonesia Institute of Certified Public Accountants, who is qualified to provide audit services for companies in Indonesia. An audit report is prepared by the auditor and an audit opinion would be given based on their findings.

Our audit pricing is generally based on your company’s yearly revenue. We don’t charge on the number of transactions in your account or the number of invoices you upload.

Pricing may vary depending on factors such as the business industry, primary activities or special requirements. To ensure you get a more accurate quotation tailored to your company, speak to our experts.