News Category Accounting

At the end of 2020, 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 ... Read more

Agreed Upon Procedures (AUP) is an examination method employed within the scope of financial audits or reviews. In the realms of business and finance, the utilization of AUP has become a common practice to ensure transparency and accountability in financial reports. In this ... Read more

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 ... Read more

The implementation of SA 600 in auditing the financial statements of Regional Public Service Agencies (Badan Layanan Umum Daerah or BLUD) and State-Owned Enterprises (Badan Usaha Milik Daerah or BUMN) is a crucial aspect that every public accountant must be aware of. This is ... Read more

Amidst an era of environmental uncertainties and escalating calls for corporate social responsibility, the journey towards transparency and accountability in sustainability reporting is capturing increasing attention. To address these challenges, the International Sustainability ... Read more

On July 26, 2023, IFRS S1 was officially launched by Chair of ISSB, Emmanuel Fabel, during the annual IFRS Foundation conference. The release of IFRS S1 marked the beginning of a significant endeavor by the accounting profession to usher in a new era of sustainability-related ... Read more

The importance of transparent, consistent, and reliable financial information has become a primary focus in the global business world. Stakeholders, such as investors, creditors, and regulators, rely on accurate financial statements to make right decisions and assess the ... Read more