The International Auditing and Assurance Standards Board (IAASB) issued two new standards, one of which is the International Standard on Quality Management 1 (ISQM 1). This standard was endorsed as a replacement for the previous standard, International Standard on Quality Control 1 (ISQC 1). So, what are the differences between ISQM and ISQC?

In this article, TGS AU Partners will provide an understanding of the Agreed Upon Procedures concept and its application as a solution to intra-group service transaction issues.

Given the significance of the analysis involved in transfer pricing, in the following article, the TGS AU Indonesia team will elaborate further on the implementation of transfer pricing comparability analysis for companies.

In 2024, the Indonesian Institute of Accountants (IAI) issued updates to the Statement of Financial Accounting Standards (PSAK) 14 regarding inventories. These updates were made to align Indonesian accounting standards with international practices and to ensure that financial reporting accurately and transparently reflects economic conditions. Here are some key points in the PSAK 14 update for 2024.

The implementation of SA 600 in auditing the financial statements of BLUDs and BUMNs is a critical step in preserving the credibility and transparency of these entities. Auditors must adhere to the guidelines provided in the 2021 revision of SA 600 to ensure that audits are conducted effectively, independently, and objectively.