AP/KAP Required to Fulfill Certain Obligations Before 31 December 2023

In a bid to ensure that any utilization of services provided by public accountants (Akuntan Publik – “AP”) and/or public-accounting firms (Kantor Akuntan Publik – “KAP”) is in line with current accounting and administrative requirements that apply within the financial services sector, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) has issued Regulation No. 9 of 2023 on the Utilization of Services Offered by Public Accountants and Public Accountants’ Offices in Relation to Financial Services Activities (“Regulation 9/2023”), which has been in force since 11 July 2023.[1]

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