Over the years, the business community, the Indonesian Institute of Certified Public Accountants, and the government have taken numerous actions to prevent fraudulent activities related to the falsification of Independent Auditors’ reports.

Businesses have incurred significant costs as a result of this fraudulent practice. As of the end of 2021, the Ministry of Finance issued the latest regulation, PMK NO. 186 / PMK.01/2021, pertaining to the Development and Supervision of Public Accountants, dated on December 14th, 2021.

In chapter 39 of this new regulation, the following statement is provided:

  1. Public Accountants Firm are required to include a QR code on the independent auditors’ report, when providing audit services for historical financial information
  2. Public Accountants Firm are required to include a QR code as described in paragraph (1), on the same page as the signature sheet of the Public Accountant’s opinion in the independent auditors’ report.
  3. Public Accountants Firm are required to register the auditor’s report independently through the electronic system when it is issued in order to obtain the QR code mentioned in paragraphs (1) and (2).
  4. The Registration process for the independent auditor’s report, as stated in paragraph (3), involves:
    • filling in the appropriate report number, complying with the numbering guidelines specified by the Head of the Center for Supervision of Financial Services (PPPK), an agency under the Ministry of Finance.
    • Providing client data; And
    • Uploading the audited financial report documents that have been approved by the client. 
  5. Public Accountants Firm are required to upload the signed independent auditor’s report documents, along with the QR code, when issuing the independent auditors’ report.
  6. Public Accountants Firm can create their own QR codes after obtaining approval from the Head of PPPK, provided that KAP’s system:
    • is integrated with the electronic systems mentioned in paragraph (3); And
    • contains real-time data and documents as specified in paragraph (4) and (5) at the time of issuing the independent auditor’s report.
  7. Public Accountants Firm that violate the provisions stated in paragraph (1) or (3) is subject to administrative sanctions in the form of a written warning.
  8. Public Accountants Firm who violate the provisions mentioned in paragraph (2) is subject to sanctions administration in the form of a license suspension ranging from a minimum of 1 (one) year to a maximum of 2 (two) years.
  9. (9) The Head of PPPK has the authority to revoke the approval mentioned in paragraph (6) if the QR Code of the KAP no longer meets the requirements.

With the introduction of this regulation, it is now mandatory for all Independent Auditor’s Reports in Indonesia to contain a QR Code. This QR Code should direct to the website of PPPK, which is https://pelita-api.kemenkeu.go.id. By scanning the QR Code, you will gain access to the following information associated with that specific QR Code:

  • CPA and his/her firm name;
  • The Company name;
  • The period of report;
  • The number and date of the Independent Auditors’ Report;
  • The opinion on the financial statement; and
  • The total asset, net income/loss balances, respectively.

This allows every stakeholder to verify the validity of their Independent Auditor’s Report. Through the collaborative efforts of stakeholders and the implementation of this feature, we aim to provide stakeholders with valid audited financial statements and their corresponding Independent Auditor’s Reports.

Here is an example of how it would appear on the Independent Auditor’s Report.

Once the QR Code is scanned and redirected to https://pelita-api.kemenkeu.go.id/api/ VerifikasiLai?code=2be3bc49-9ca8-46c1-8d71-5183a53151cb, this is how the information will be displayed:

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