Indonesia : Accounting and Auditing

This report is part of a joint initiative of the World Bank and IMF to prepare Reports on the Observance of Standards and Codes (ROSC). The ROSC Accounting and Auditing review for Indonesia mainly focuses on the strengths and weaknesses of the acco...

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Bibliographic Details
Main Author:	World Bank
Format:	Accounting and Auditing Assessment (ROSC)
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCOUNT ACCOUNTABILITY ACCOUNTANCY ACCOUNTANT ACCOUNTANTS ACCOUNTING ACCOUNTING CURRICULA ACCOUNTING CURRICULUM ACCOUNTING FIRM ACCOUNTING FIRMS ACCOUNTING PERIOD ACCOUNTING POLICIES ACCOUNTING PRINCIPLES ACCOUNTING STANDARD ACCOUNTING STANDARDS ACCOUNTS ADEQUATE DISCLOSURE ATTESTATION AUDIT COMMITTEE AUDIT COMMITTEES AUDIT ENGAGEMENTS AUDIT EVIDENCE AUDIT STANDARDS AUDITED FINANCIAL INFORMATION AUDITED FINANCIAL STATEMENTS AUDITING AUDITING INDUSTRY AUDITING PROFESSION AUDITING STANDARDS AUDITORS BALANCE SHEET BANK INDONESIA BANKING INDUSTRY BANKING LAW BANKING SECTOR BANKING SUPERVISION BANKS BOND MARKET CAPITALIZATION BUSINESS COMBINATIONS BUSINESS LAW BUSINESS LICENSES BUSINESS PLANS CAPACITY BUILDING CAPITAL EXPENDITURES CAPITAL MARKET CAPITAL MARKET ACTIVITIES CAPITAL MARKET ACTIVITY CAPITAL MARKET LAW CAPITALIZATION CASH FLOWS CENTRAL BANK CERTIFIED PUBLIC ACCOUNTANTS CHIEF FINANCIAL OFFICERS COMMERCIAL BANKS COMPANY LAW COMPLIANCE GAPS CONFLICT OF INTEREST CONFLICTS OF INTEREST CONTINGENT LIABILITIES COOPERATIVES CORPORATE BOND CORPORATE BOND MARKET CORPORATE GOVERNANCE COST ACCOUNTING CREDITOR CREDITOR RIGHTS CURRENCY CUSTODY DEBT DEPOSIT DEPOSIT INSURANCE DISCLOSURE OF INFORMATION DISCLOSURE REQUIREMENTS DUE DILIGENCE ECONOMIC DEVELOPMENT EMPLOYMENT ENFORCEMENT MECHANISMS ENFORCEMENT PROCESS EXCHANGE COMMISSION EXPENDITURES FAIR VALUES FINANCIAL ACCOUNTING FINANCIAL ACCOUNTING STANDARDS FINANCIAL AUDITS FINANCIAL CRISIS FINANCIAL DATA FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL REPORTING FINANCIAL REPORTING STANDARDS FINANCIAL REPORTS FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL SYSTEMS FOREIGN INVESTMENT FRAUD FRAUD RISK GAAP GOOD PRACTICE GOVERNMENT BONDS GOVERNMENT GRANTS GRACE PERIOD GROSS DOMESTIC PRODUCT HUMAN RESOURCES INADEQUATE DISCLOSURE INCOME TAX INFORMATION DISCLOSURE INSTITUTIONAL CAPACITY INSURANCE INSURANCE COMPANIES INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INTERNATIONAL DEVELOPMENT INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVESTMENT BANKS INVESTMENT CLIMATE INVESTMENT DECISIONS INVESTOR CONFIDENCE ISLAMIC FINANCIAL INSTITUTIONS ISSUANCE LAWS LEGAL FRAMEWORK LEGAL OBLIGATION LEGAL SYSTEM LEGISLATIVE FRAMEWORK LENDER LENDER OF LAST RESORT LIFE INSURANCE LIFE INSURANCE COMPANIES LIMITED LIABILITY LOAN LOCAL BUSINESS MANAGEMENT ACCOUNTING MANDATES MARKET CAPITALIZATION MARKET DISCIPLINE MARKET PARTICIPANTS MARKET REGULATOR MINORITY INVESTORS MONETARY FUND MUTUAL FUNDS PAYMENT SYSTEMS PENALTIES PENSION PENSION FUND PENSION FUNDS POLITICAL STABILITY PUBLIC ACCOUNTANTS PUBLIC ACCOUNTING PUBLIC DISCLOSURE QUALITY ASSURANCE QUALITY CONTROL RATING AGENCIES REGISTRATION STATEMENT RESERVES RURAL BANKS SAFETY NET SECONDARY MARKETS SECURITIES SECURITIES EXCHANGE SECURITIES MARKET SHAREHOLDERS STATUTORY AUDITORS STOCK EXCHANGE STOCK MARKET STOCK MARKET CAPITALIZATION SUBSIDIARIES SUPERVISORY AGENCY TAXATION TECHNICAL ASSISTANCE TERRORISM TRADING TRANSACTION TRANSPARENCY VALUATION VALUATIONS
Online Access:	http://documents.worldbank.org/curated/en/2010/03/16418070/report-observance-standards-codes-rosc-indonesia http://hdl.handle.net/10986/12845

Description
Summary:	This report is part of a joint initiative of the World Bank and IMF to prepare Reports on the Observance of Standards and Codes (ROSC). The ROSC Accounting and Auditing review for Indonesia mainly focuses on the strengths and weaknesses of the accounting and auditing environment that influences the quality of corporate financial reporting. It involves both a review of mandatory requirements and actual practices. The reference points of international standards used in this report are International Financial Reporting Standards (IFRS) International Standards on Auditing (ISA) and international experience and good practice in the field of accounting and auditing regulation. The methodology used to conduct the analytical work for preparing this report includes application of the ROSC Accounting and Auditing diagnostic review. Developed by the World Bank, the diagnostic template was complemented by a comprehensive due diligence exercise. The World Bank ROSC team met with key stakeholders involved in accounting and auditing and corporate reporting in Indonesia. Also, several discussion forums were held with groups of preparers and auditors of financial statements, investors, and financial analysts.

Indonesia : Accounting and Auditing

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