Many countries around the world have either fully adopted, or are about to adopt, International Financial Reporting Standards (IFRS or IAS). These include Australia, Malaysia, New Zealand, Japan and all member countries of the European Union. The United States and the International Accounting Standards Board has committed to harmonise accounting standards.
In our view, it is only a matter of time before Indonesian organisations are required to fully adopt these standards. It is the clear intention of the Indonesian Institute of Accountants (IAI) to remove differences between Indonesian Generally Accepted Accounting Principals (GAAP) and IFRS by 2008.
To find out how PricewaterhouseCoopers can assist you in adopting IFRS to your bank, please refer to Contacts field above.
If you would like to get the hard copy, please complete the Online Form Request page
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