PwC submits forensic audit on Telkom

PwC submits forensic audit on Telkom

JAKARTA (JP): PricewaterhouseCoopers has submitted a forensic audit report on the West Java and Banten operations of PT Telkom, covering the period from January 1996 to September 2000, Telkom's joint-operating scheme (KSO) partner PT AriaWest International said.

"The findings of this audit will be highly pertinent to all Indonesians and, indeed, to Telkom's foreign shareholders," AriaWest chief financial officer Stephen Dowling said in a statement on Tuesday.

The forensic audit report was delivered to the offices of Telkom and AriaWest respectively shortly before 12:00 p.m.

The forensic audit of Telkom's operations was commissioned late last year pursuant to the terms of the good faith interim solutions agreement (GFISA), signed between Telkom and AriaWest in September 2000.

"Within 10 Jakarta banking days following the finalization of the forensic audit, Telkom will pay to AriaWest any amounts determined to have been misappropriated, unaccounted for, lost, stolen or otherwise unreasonably disbursed," the agreement said.

Under the agreement, the findings may not be released to the public without prior consultation with Telkom.

Dowling said that AriaWest had sent a letter to Telkom president M. Nazif for a meeting on Friday to discuss the findings of the audit. (tnt)