External Audit & Review
Overview
Business Hub Asia provides comprehensive evaluations of financial statements and ensures compliance with applicable accounting standards and regulations in Indonesia for enterprises and businesses. Professional auditors conduct external audits to ensure the transparency, accuracy, and credibility of corporate financial statements.
Key Features
Financial Audit
Independent examination of the company's annual financial statements following PSAK standards and Indonesian tax regulations.
Compliance Audit
Assess the company's compliance with tax regulations, company law, and other industry regulations.
Special Purpose Audit
Audits based on special requests such as project audits, CSR fund audits, audits for merger & acquisition processes, and others.
Audit for Investor & Bank Needs
Independent audits to support funding processes, credit applications, or the entry of strategic investors.
Review & Limited Assurance Service
A complete audit alternative with limited procedures, but still provides an overview of the fairness of the financial statements.
Minimum Requirements
Business Legality
Complete business legality (NIB, NPWP, Deed of Establishment, SK Kemenkumham)
Financial Records
Financial statements and ledgers (GL), journals, and transaction data during the audited period
Supporting Documents
Supporting documents such as invoices, bank statements, contracts, and proof of transactions
Asset & Liability Info
List of assets, payables, receivables, and inventory (if relevant)
Business Entities that Require Audits & Reviews
This service applies to all business sectors, but some business entities are required by law in Indonesia, according to the Limited Liability Company Law (UUPT), including:
Public Company
Companies with Large Assets or Turnover above IDR 50 billion
Companies that Collect Public Funds
State-Owned Company (BUMN)
Institutions or entities utilizing the State (APBN) or Regional Budgets (APBD)
Savings and loan cooperative
Process and Timeline
1
Engagement, Acceptance & Audit Planning
Auditor-client discussions establish audit needs, scope, and objectives. An audit plan is then prepared based on understanding the client’s business, including risk identification and audit strategy determination. Estimated Time: 3-5 working days.
2
Gathering Audit Evidence
Perform testing and verification of transactions and account balances to obtain sufficient and accurate audit evidence. Estimated Time: 5-7 business days.
3
Evaluation and Analysis
Analyze test results to assess the reasonableness of the financial statement presentation and identify areas that require special attention. Estimated Time: 2-3 working days
4
Preparation of Audit Report
Prepare an audit report that includes the auditor’s opinion on the fairness of the financial statements and an explanation of other audit findings. Estimated Time: 2-3 working days.
5
Presentation and Discussion of Audit Results
Present the audit results to management and/or the board of directors, and discuss recommendations for improvement if necessary. Estimated Time: 1-2 working days.
*The audit and review process is estimated to take 2-3 weeks.
Important Consideration
- A team of certified and experienced professionals executes audits.
- Audit reports can be used for internal purposes, investors, regulators, and third parties (banks, shareholders, etc.).
- An annual financial audit is an important requirement for companies that want to go public, apply for credit, or attract investors.
- The audit process maintains the principles of confidentiality and independence following the ethical standards of the auditor profession.
Frequently Asked Questions
Is a company audit mandatory every year?
Annual financial audits are mandatory for listed companies, PMA companies, and companies that have reached a certain scale. For other companies, it is highly recommended to maintain credibility.
Is this audit service only for large companies?
No, it is not. We serve companies of various scales, ranging from MSMEs to large corporations.
Do I have to prepare physical documents?
Yes. You can provide digital documents, but we still need to verify the source documents.
What is the difference between an audit and a financial statement review?
An audit provides a full opinion on the fairness of the financial statements, whereas a review is limited and only provides moderate assurance.
Can audit results be used for bank loan applications?
Yes, independent audit reports are very helpful in the loan or funding application process.
Will I receive recommendations after the audit?
Yes, we also include a management letter with audit findings and suggested improvements to the company’s financial governance.
Accurate Tax and Accounting Services You Can Trust
Stay compliant and financially sound with our end-to-end tax filing, bookkeeping, and accounting support.
Disclaimer
The content provided on this website is published by PT. Bisnis Hub Asia (“we“, or “us“) for general informational purposes only. While every effort is made to ensure the accuracy and timeliness of the information presented, we make no representations or warranties, express or implied, as to the completeness, accuracy, reliability, suitability, or availability of any content, products, or services described on this website. Any reliance placed on such information is strictly at the user’s own risk.
We are a private, independent entity and are not affiliated with, authorized by, or acting on behalf of the Government of the Republic of Indonesia, its ministries, agencies, or any officially appointed representatives. This website does not provide, offer, or promote any official government documents or services, including but not limited to:
-
Business identification numbers (Nomor Induk Berusaha – NIB);
-
Tax refunds or rebates;
-
Stay Permit or electronic travel authorizations;
-
Passports or other immigration-related documents.
Any references to such services are provided solely for general informational purposes and should not be construed as an offer or facilitation of official services.
We are committed to ensuring the protection of your personal data in accordance with Law No. 27 of 2022 on Personal Data Protection. Any personal information collected through this website will be processed for the purposes clearly stated in our [Privacy Statement]. We do not sell or misuse personal data under any circumstances.
By accessing and using this website, you acknowledge and agree to the terms set out in this Disclaimer. You further agree to use this website and the information provided responsibly and in compliance with applicable laws and regulations.
For further information or questions regarding this Disclaimer, please contact us via the channels provided on our Contact page.
Disclaimer
The content provided on this website is published by PT. Bisnis Hub Asia (“we“, or “us“) for general informational purposes only. While every effort is made to ensure the accuracy and timeliness of the information presented, we make no representations or warranties, express or implied, as to the completeness, accuracy, reliability, suitability, or availability of any content, products, or services described on this website. Any reliance placed on such information is strictly at the user’s own risk.
We are a private, independent entity and are not affiliated with, authorized by, or acting on behalf of the Government of the Republic of Indonesia, its ministries, agencies, or any officially appointed representatives. This website does not provide, offer, or promote any official government documents or services, including but not limited to:
-
Business identification numbers (Nomor Induk Berusaha – NIB);
-
Tax refunds or rebates;
-
Visas or electronic travel authorizations (e-Visa, e-VoA);
-
Passports or other immigration-related documents.
Any references to such services are provided solely for general informational purposes and should not be construed as an offer or facilitation of official services.
We are committed to ensuring the protection of your personal data in accordance with Law No. 27 of 2022 on Personal Data Protection. Any personal information collected through this website will be processed for the purposes clearly stated in our [Privacy Statement]. We do not sell or misuse personal data under any circumstances.
By accessing and using this website, you acknowledge and agree to the terms set out in this Disclaimer. You further agree to use this website and the information provided responsibly and in compliance with applicable laws and regulations.
For further information or questions regarding this Disclaimer, please contact us via the channels provided on our Contact page.
Meet the Expert
Meet the Expert
Nurmia Dwi Agustina, S.E., MBA
President Director at Business Hub Asia
Nurmia is an experienced corporate services and regulatory compliance professional with over 15 years of experience in Southeast Asia. The co-founder of Cekindo Indonesia/Vietnam and former COO of InCorp Indonesia, she has led large teams in legal, tax, and BPO. As Director at Business Hub Asia, she leads regional service delivery, helping companies navigate complex licensing and compliance in Indonesia, Vietnam, and the Philippines.
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