30 BPK staff auditing IBRA

30 BPK staff auditing IBRA

JAKARTA: The Supreme Audit Agency (BPK) has deployed 30
auditors to examine the performance of the now-defunct Indonesian
Bank Restructuring Agency (IBRA).

Deputy chairman for state finance institutions Bambang Wahyudi
said that the auditors had been auditing IBRA for 14 months and
it would take at least another two months to complete the audit
on IBRA's performance.

"For the next two months, we will concentrate on completing
the audit on IBRA's performance," he said.

The performance audit will be followed by an audit of IBRA's
final balance sheet.

IBRA, which was formed to restructure the country's banking
industry following the devastating economic crisis, was dissolved
on Feb. 27. -- JP