Minister suspends accounting permits

Minister suspends accounting permits

The Jakarta Post, Jakarta

The Ministry of Finance has barred four public accountants
from continuing their practice for six months for violating
accounting rules.

The four are Andi B. Surya, chief accountant at the Andi
Iskandar and Partners accounting firm, Roy Alanus Salik, chief
accountant at Salaki and Salaki, Johan Yoranouw, chief accountant
at Johan, Malonda and Partners, and Arief Hendra Winata, chief
accountant at Hendrawinata and Partners, the ministry said in a
statement.

The ministry decided to freeze their business licenses on Nov.
4, because of infractions committed during the auditing process
and for failure to comply with professional public accounting
standards. The decision was based on a recommendation from the
Disciplinary Committee of the Indonesian Accountants Association
(IAI).

The statement did not specify the infractions nor name the
companies whose books were audited by the four.

During the six-month suspension, the four are barred from
giving attestation services, including general audits, reviews,
performance audits, special audits, as well as non-attestation
services.

The four are also barred from becoming chief accountants at
their accounting firms but will still be responsible for services
rendered. They are also obliged to take part in an advanced
training for professional accountants.

The four accounting firms are required to change their leaders
and report the change to the ministry within two weeks after the
suspension of the accounting licenses.