IAPI Prepares Sustainability Assurance Ecosystem, Supports OJK Regulation

JAKARTA, KOMPAS.com – The Indonesian Institute of Public Accountants (IAPI) has stated its readiness to build a sustainability assurance ecosystem in Indonesia, in line with the strengthening of sustainable finance regulations by the Financial Services Authority (OJK). IAPI appreciates OJK’s steps to bolster the regulatory framework through the Draft Financial Services Authority Regulation (RPOJK) on the Implementation of Sustainable Finance for Financial Sector Business Actors (PUSK), issuers, and public companies. Under this RPOJK, PUSK are required to prepare sustainability reports based on Sustainability Reporting Standards Statement (PSPK) 1 on General Requirements for Disclosure of Sustainability-Related Financial Information and PSPK 2 on Climate-Related Disclosures. IAPI emphasises that sustainability reports do not stand alone but are closely linked to financial reports. The two must be interconnected, synchronised, and consistent. “The information presented in sustainability reports must be consistent and aligned with the information reflected in financial reports, so that they form a unified and integrated corporate reporting entity,” IAPI stated in a written release on Saturday (2/5/2026). In the review, IAPI also pays special attention to the use of the term “verification” in the RPOJK as a method of providing assurance over sustainability reports. Verification is said to focus more on technical checks of data, while assurance encompasses a more comprehensive independent evaluation. “Assurance is a more comprehensive independent evaluation, covering aspects of systems, processes, materiality principles, and the consistency of the information presented,” said IAPI. IAPI asserts that sustainability assurance practices cannot be separated from the international standards ecosystem. Therefore, the implementation of assurance must refer to several global standards. In addition, there is the International Ethics Standards for Sustainability Assurance (IESSA) as an ethical guideline, which is also being adopted by IAPI’s Professional Ethics Council. Then, International Education Standards (IES) 2–4, which integrate sustainability assurance competencies as mandatory competencies for public accountants. Within this framework, sustainability competencies are viewed as an integral part of the overall financial reporting system.