Selasa, Juli 11, 2023

OJK Prepares Draft Regulation on the Communication of Matters Relating to Main Audits in Independent Auditors Reports for Audited Financial Statements Within the Capital Market

The Financial Services Authority (Otoritas Jasa Keuangan – "OJK") is currently preparing a Draft Regulation on the Communication of Matters Relating to Main Audits in Independent Auditors’ Reports for Audited Financial Statements Within the Capital Market ("Draft Regulation"), which encompasses six chapters and 13 articles.
Broadly speaking, the Draft Regulation states that all parties required to submit audited financial statements ("Financial Statements") to the OJK and/or announce Financial Statements to the general public are also required to incorporate matters pertaining to main audits into their independent auditors’ reports. The relevant parties required to submit said Financial Statements must stipulate a person in charge in order to implement governance in terms of the conducting of communications with public accountants regarding the preparation of matters relating to main audits.
Any lack of compliance with the matters outlined above will result in the imposition of administrative sanctions by the OJK in the form of: 1) Written reprimands; 2) Fines.

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The Financial Services Authority (Otoritas Jasa Keuangan – "OJK") is currently preparing a Draft Regulation on the Communication of Matters Relating to Main Audits in Independent Auditors’ Reports for Audited Financial Statements Within the Capital Market ("Draft Regulation"), which encompasses six chapters and 13 articles.
Broadly speaking, the Draft Regulation states that all parties required to submit audited financial statements ("Financial Statements") to the OJK and/or announce Financial Statements to the general public are also required to incorporate matters pertaining to main audits into their independent auditors’ reports. The relevant parties required to submit said Financial Statements must stipulate a person in charge in order to implement governance in terms of the conducting of communications with public accountants regarding the preparation of matters relating to main audits.
Any lack of compliance with the matters outlined above will result in the imposition of administrative sanctions by the OJK in the form of: 1) Written reprimands; 2) Fines.

......

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