FRS S1 is a new standard that mandates every company to disclose information about corporate governance, strategy, risk management, metrics, and targets related to sustainability. Considering the substantial impact of this new standard, it's crucial to understand what is IFRS S1 and the information it contains.

Internal control is a process designed and implemented by an organization to ensure goal achievement, operational efficiency, financial reporting accuracy, and regulatory compliance. The components of internal control are often referred to as the "COSO Internal Control Framework" (Committee of Sponsoring Organizations of the Treadway Commission), which is a general guide to internal control.

Last Friday, (11/08) KAP Agus Ubaidillah dan Rekan (TGS AU Partners) again carried out Technical Gathering on Friday (TGIF). The speaker for this TGIF was Mr. Dimas Emha Amir Fikri Anas, SE, M.SA, CA, CPA as an audit & assurance partner of KAP Agus Ubaidillah dan Rekan (TGS AU Partners). The presentation material presented by him was about "Risk Assessment Phase - Understanding Entity and Internal Control (SA 315)."

The recently issued PMK has become the main focus among business stakeholders because it addresses the issuance of the Nomor Pokok Pengusaha Barang Kena Cukai (NPPBKC), a unique identification number for individuals engaged in the production, distribution, and trade of excisable goods.

To ensure conformity and alignment in financial reporting across various countries, the International Financial Reporting Standards (IFRS) or International Accounting Standards (IAS) have been adopted as guiding principles by many nations worldwide.