- The Commodity Futures Trading Regulatory Agency (Badan Pengawas Perdagangan Berjangka Komoditi – "BAPPEBTI") has issued Regulation No. 3 of 2023 on Criteria and Guidelines for Public Accountants and Public Accounting Firms Operating Within the Commodity Futures Trading Sector ("Regulation 3/2023").
- It should be underlined that in addition to general criteria that apply to public accountants and public accounting firms (e.g. possession of a valid license issued by the Minister of Finance; independent operations that are free from any conflicts of interests; competence; etc.), Regulation 3/2023 has also now set criteria that relate specifically to independence.
- The new independence criteria apply to individuals working for public accounting firms (i.e. individuals involved in auditing, reviews, insurance, etc., as well as individuals working for organizing bodies and other related individuals).
- The independence criteria are considered satisfied if, during the provision of auditing services, none of the following conditions transpires: 1) Direct or indirect financial interests with audited business actors; 2) Working relationships with audited business actors; 3) Direct or indirect material business relations with audited business actors or other significant parties; 4) Provision of fees or products on the basis of contingency fees or commissions; 5) Disputes with audited business actors, etc.
......
Subscribe to read more legal analysis.
Hukumonline Pro Intelligence
Platform AI hukum terpercaya sebagai solusi komprehensif riset Anda
*Syarat dan ketentuan berlaku
Ada Pertanyaan? Hubungi Kami 
Professional Solutions
University Solutions
Pro
My Workspace
Pro AI
Terfavorit
Allex QnA
Pro Compliance
