
Indonesia
Head of State :
President Joko Widodo
Capital :
Jakarta
Language(s) :
Indonesian
Currency :
Rupiah
Profile of the Country
- regulations concerning state register of accountants (Register Negara Akuntan or RNA), which includes provisions on among others requirements, and procedures of becoming a state-registered accountants (an RNA), professional accountant education/ certification examination, qualifying professional experience and so forth;
- regulations concerning accountancy services offices (Kantor Jasa Akuntansi or KJA), which includes provisions on among others permissible legal entities, licensing requirements and procedures, the scope of services offered by a KJA;
- regulations concerning development and supervision of RNAs and KJAs, which includes provisions on among others the rights and obligations of an RNA and a KJA;
- regulations concerning development and supervision of RNAs and KJAs, which includes provisions on among others the rights and obligations of an RNA and a KJA, and contdevelopment (CPD);
- expert advisory committee on RNA qualification;
- government-endorsed professional association of RNAs;
- goverenace of RNA administration by the MoF; and
- provisions concerning transitions from previous regulations of RNA.
In a nutshell, FMR 216/2017 regulates the eligibility, rights and obligations of Registered Accountants. Its core mandate of is that all professional accountants in Indonesia must:
- be highly competent, through a process of education, professional examination and relevant work experience in the field of accountancy;
- maintain professional competence through continuing professional education and continuing professional development;
- be a good standing member of a PAO in Indonesia; and
- comply with the professional standards and code of conduct.
In practice, the regulation requires that to become a state-registered accountant a person must meet the following requirements:
- has passed Chartered Accountants Indonesia (CA), Certified Public Accountant (CPA), and Certified Profesional Management Accountant (CPMA) examination conducted by the PAO;
- has had relevant work experience in the field of accounting; and
- be a good standing member of the PAO.
Law No. 5 of 2011 governs the public accountant profession including the auditors including:
- scope of CPA service;
- licensing of CPA and accounting firms;
- entitlement, obligation, and prohibition for the CPA and CPA office;
- a partnership between inter-CPA office and the partnership between local CPA office and foreign CPA office or foreign audit organization;
- a professional association of the CPA;
- professional CPA Committee;
- guidance and supervision by the Minister;
- administrative penalty; and
- criminal provision.
A bureau under the Ministry of Finance called “the Finance Profession Supervisory Centre” (PPPK) has oversight of the practice of accounting firms and appraisers. PPPK is also a member of the International Forum of Independent Auditor Regulators (IFIAR).
The bureau issues Registered Accountants certificates as well as licences for practising public accountants and has a right to administer sanctions to CAs and CPAs who violate the regulations. PPPK’s main responsibilities are:
- collecting, processing and analysing the requirements to be Registered Accountants, CPA and CPA office;
- preparation of policy formulation in the field of state registered accountant, public account;
- development and supervisory of accountancy services firm, public accounting services; and
- presenting information on Registered Accountants, CPA.
- preparation of materials for the formulation of State registered Accountants, CPA and appraisal profession development, licensing, and development of accounting services and appraisal services;
- preparation and implementation of program monitoring and inspection activities of state registered accountant, public accountants and public appraisal; and
- presentation of State registered Accountants, CPA and appraisers information.
Some of the authorities are shared with and/or delegated to other institutions, for example:
-
Professional Standards/Audit standard-setting and CA/CPA examination are carried out by the professional association of accountants/public accountants.
-
Continuing Professional Education Program is carried out jointly by the MOF and or by the professional association of accountants/public accountants.
Regulated Accounting Services
NAB Membership and/or PRA Registration
NAB Requirement :
Yes, must be IAPI Member (Certified Public Accountant).
NAB Membership and/or PRA Registration Requirement
(such as examination, test, recognised qualifications, etc)
NAB Requirement:
Must be CPA, must complete of the below:
- D4 / S1 / S2 / S3 graduates majoring in accounting;
- passed the examination of the public accounting profession;
- have accounting or audit work experience
PRA Requirement :
Must obtain approval/audit license from MOF.
Citizenship Requirement
No, Only Residence Requirement
Remarks
Subject to domestic regulations such as Public Accountants Act, Companies Act, MOF (AGD) Guidelines ,immigration & employment laws, etc.
Eligibility requirement, where applicable (ASEAN CPA/RFPA)
Not open to RFPA.
Non-Regulated Accounting Services
Not Applicable.
NAB Membership and/or PRA Registration Requirement
(such as examination, test, recognised qualifications, etc)
Not Applicable.
Citizenship Requirement
Not Applicable.
Remarks
Not Applicable.
Eligibility requirement, where applicable (ASEAN CPA/RFPA)
Open to ASEAN CPA / RFPA.
All About Registered Foreign Professional Accountant (RFPA)
