ABSTRACT In the Due Diligence (DD) process, professionals performing various kinds of DD request the results of an Audit of Historical Financial Statements, or commonly referred to as a Statutory Audit. A statutory audit is a legally required review of a company’s financial statements and records, conducted by an independent external auditor to determine whether … Read more
ABSTRACT This article highlights the role of SW Sustainability Center in advancing decarbonization initiatives through technology-driven measurement systems. By developing comprehensive Decarbonization Rating Reports, SW Sustainability Center supports companies in tracking carbon emissions across Scope 1, 2, and 3, ensuring alignment with global sustainability standards. SW also facilitates certification processes, helping businesses comply with international … Read more
ABSTRACT This article discusses the compliance oversight of crypto assets and digital financial assets in Indonesia, which will undergo a regulatory transition from Bappebti to OJK and Bank Indonesia starting January 10, 2025. Although investments in digital financial assets hold significant potential, high volatility and security risks remain the biggest challenges to address. The transition to … Read more
ABSTRACT Cybersecurity, regulatory compliance, and operational efficiency in the banking sector confronts significant issues and difficulties in the present digitalizing era. The strength of using information technology (IT) controls including penetration testing, encryption, and Zero Trust Architecture to increase resilience against cyber threats explains the banking industry’s compliance with regulations including Basel II and III, … Read more
ABSTRACT This article highlights nearshoring strategies as a new approach to support the growth and management of family businesses in Southeast Asia. In this context, SW Singapore and SW Indonesia have built a collaborative partnership to deliver more integrated, efficient, and globally oriented services for family business clients. While family businesses play a dominant role … Read more
ABSTRACT The implementation of the Coretax System by the Indonesian government starting January 1, 2025, aims to simplify tax administration processes, improve taxpayer compliance, and optimize state revenue. One of the main features of this system is the digitalization of tax invoice creation and reporting, which can be done through the e-Tax Invoice menu or … Read more
ABSTRACT This paper discusses PSAK 219, the Indonesian Financial Accounting Standard for employee benefits, which covers post-employment, termination, and short-term benefits. PSAK 219 introduces more accurate actuarial methods for valuing employee benefit obligations, emphasizing realistic economic and demographic assumptions. The standard classifies benefits into four categories: short-term, other long-term, post-employment, and termination benefits. It enhances … Read more
ABSTRACT Sustainability reporting plays a crucial role in disclosing a company’s environmental, social, and governance (ESG) impact. In Indonesia, the preparation of sustainability reports began with a voluntary approach and gradually moved toward more structured regulations. Corporate awareness and compliance in sustainability reporting have increased, as seen in 2024, when 97% of listed companies submitted … Read more
ABSTRACT Monitoring compliance with the social security system aims to ensure that all employees receive their social security rights in accordance with Law Number 40 of 2004 and Law Number 24 of 2011. BPJS Healthcare and BPJS Employment conduct compliance inspections on business entities to verify that enrolment and contributions have been properly implemented. Periodic … Read more
ABSTRACT This document discusses compliance oversight on IT audits in Indonesia, particularly in banking and non-bank financial institutions. Regulations from OJK and BI mandate periodic IT audits to ensure information system security. Supervision is conducted through periodic and ad hoc inspections, with administrative sanctions for non-compliance. The regulations cover IT risk management, internal … Read more
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