Navigating Regional Opportunities into Action: Day 2 of TGS Regional 2025 APAC Conference
Throughout the day 1 of our last TGS Regional 2025 Conference in Jakarta, we were talking about macroeconomic and capital market developments. On the next day, we managed to arrange more discussions about how we can take every opportunity into actual actions.
Regional and Local Scope Policy Direction of Public Accountant Practice Regulation and Reporting Standards
We begin the session with opening remarks and an introduction from Mikail Jaman of TGS AU Partners. We have had a guest from the Directorate General of Financial Sector Stability and Development (Ditjen SPSK) to give us a keynote speech and a presentation by the Institute of Indonesia Chartered Accountants (IAI).
The session ended with an open discussion between speakers and firm members about regulation and standard comparison across countries, the effort to strengthen audit quality and oversight, and also assurance and disclosure requirements from the regulatory and standard perspective.
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Regional and Local Scope of Policy Session (Dr. Erawati S.H., K.N., M.T. from Direktorat Jenderal SPSK of Indonesia's Ministry of Finance)
Dr. Erawati S.H., K.N., M.T.— representing the Directorate General of Financial Sector Stability and Development (Ditjen SPSK)— gave us a keynote speech about the strategic necessity and the regulatory mandate that has been set by the ministry. One of the key points is about how the ESG has become a necessity in order to show corporate integrity, resilience, and competence. The ministry of Finance also has set some regulation and cross-disciplinary coordination to provide assurance and credibility.
Regional and Local Scope of Policy Session (Yohanes Handoko and Pera Yulianingsih from IAI)
After we had a keynote speech from Ditjen SPSK, we continued the session with a sustainability disclosure standards presentation with the Institute of Indonesia Chartered Accountants (IAI). During their session's disposal, they presented the key principals of IFRS and how the standards have been implemented in many countries.
They also disclose Indonesia's sustainability standard from the accounting standard perspective being set by the IAI. Pera Yulianingsih as the Sustainability Manager of IAI also points out the IAI's future standard planning and how they converged the IFRS according to Indonesia's conditions. We also heard about their effort to increase knowledge in sustainability and their international participation and positioning.
Regional and Local Scope of Policy Session (Nanik Nuryani from Direktorat Pembinaan & Pengawasan Profesi Keuangan of Indonesia's Ministry of Finance)
Representing Direktorat Pembinaan & Pengawasan Profesi Keuangan (Directorate of Financial Profession Development & Supervision), Ms. Nanik Nuryani emphasizes that it will be mandatory for finance professionals to be able to perform both financial and sustainability reporting audits. During this session disposal, we also explore each countries' regulatory and standard practice on finance professionals.
TGS Development Update with TGS Members in China
This session focuses on discussion and sharing from our TGS members in China represented by Tang Lin of TGS Haoxin and Cavern Cheng of TGS Nortex.
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Tang Lin talked about the improvements and development from TGS Haoxin. She also pointed out about the meeting and seminar that had been done in Shandong one week prior to the conference. It went smoothly and received good feedback. With the good response from the meeting, TGS Haoxin encouraged the other TGS firm members to approach the businesses in China.
Meanwhile, Cavern Cheng as the representative from TGS Nortex also shared some stories and updates about the meeting with Chinese stakeholders. He mentioned that China's firms currently are on a globalization pathway pushed by the CICPA's movement to encourage Chinese firms to go global. Thus, there's a huge opportunity for TGS global networks to approach Chinese firms.
The discussions in this session emphasizes that TGS saw China as an important country and engaging in a relationship and business with them is needed.
Quality Assurance - Dialogue with Indonesian Institute of CPAs (IAPI) and TGS Quality Assurance Development
Padri Achyarsyah as a representative of Public Accountant Professional Standards Board I from Indonesian Institute of CPAs (IAPI), shared an important update on how Indonesia’s public accounting standards are evolving to meet international benchmarks. He emphasized the implementation of new quality management standards— SMM 1 and SMM 2, which will officially replace Standar Pengendalian Mutu (SPM) 1 by December 31, 2025. These standards are designed to elevate audit quality, promote accountability, and ensure firms are equipped to handle complex and cross-border engagements.
On behalf of TGS Quality Assurance, Andrew gave us a brief explanation about the role of TGS in managing their quality standards which consists of:
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Annual monitoring
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Cold file review
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Sharing the best practices
Following up this session, we talked about how the session was closed by an open discussion forum between IAPI and the members moderated by Chang Ching Chew. They were sharing each other's stories regarding quality management practice in their firms. This session followed up by the talks about future initiatives that can be taken by TGS for managing the quality of our works.
TGS Branding for Regional Development
The session opens with Darlow Parazo from DBA Group voicing out his thoughts about the branding of TGS, especially for the Asia Pacific members. He later was joined by Nickson Yuen from TGS Aitia and Sudarshan Adhikari from TGS AB & Associates, in which they continued on to share their thoughts and experience regarding the branding.
In the latter half of this session, all of the members began participating in the discussion and it became tense. However, Darlow manages to lead it smoothly. The tension in the discussion only emphasizes that the members are passionate about working together for the TGS' branding, and that the TGS global shows support for TGS APAC.
Key Takeaways from Day 2 of 2025 TGS Regional Jakarta Conference
The second day of the TGS Regional 2025 Conference in Jakarta highlighted the importance of translating opportunities into actionable steps. Key sessions underlined:
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Policy & Standards Alignment: Indonesia’s Ministry of Finance and IAI emphasized the strategic role of ESG, sustainability disclosure standards, and mandatory dual-reporting skills for finance professionals.
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China’s Globalization Push: TGS members in China shared insights into the rapid expansion of Chinese firms encouraged to go global, presenting vast opportunities for TGS network collaboration.
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Quality Assurance Commitment: Updates from IAPI and TGS Quality Assurance showcased a strong push toward international quality standards, with SMM 1 and SMM 2 set to replace SPM 1 by 2025.
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Strengthening TGS Branding: Discussions on regional branding revealed both passion and unity, proving that collaboration is key to positioning TGS APAC in the global market.
The recent TGS’s regional conference in Jakarta reinforced that regional cooperation, regulatory alignment, and a shared commitment to quality and branding will shape the future of professional services in the Asia-Pacific region.
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