Finance & compliance
External audit
External audit Indonesia engagements — an independent opinion on your financial statements.
Who this is for. A company that is required to have its financial statements audited, or one whose bank, investor or parent has asked for an independent opinion.
How it works
- Send us your financial statements We review them, agree the scope and the timetable with you, and issue the engagement letter.
- Request and review the records Ledger, contracts, confirmations and supporting documents.
- Carry out the fieldwork Testing and confirmations, with questions raised as they arise.
- Report the findings Discussed with you before the report is signed by the licensed public accounting firm (KAP).
Trusted by companies operating in Indonesia
Independent
Opinion on your statements
Management letter
Often the most useful output
Separated
From any bookkeeping we do for you
Included
What you get
- An independent opinion on your financial statements
- Testing of balances and transactions proportionate to the risks in your business
- A management letter identifying control weaknesses found along the way — often the most useful output
- A clear timetable, so the audit does not collide with your other year-end obligations
External audit Indonesia engagements give you an independent opinion on your financial statements — for the regulator where it is required, and for the bank, investor or parent company that has asked for one.
When you need one
Some Indonesian companies must be audited by law, based on size and other criteria — which companies must be audited sets out the test in full. Many more are audited because somebody with leverage asked: a lender before extending facilities, an investor before committing, a parent company consolidating group accounts.
If you are unsure which applies to you, that is the first question to settle — the answer changes how you should be keeping your records all year, not just at year end.
An important point about independence
The firm that keeps your books cannot independently audit them. That is not a technicality; it is the entire basis on which an audit opinion means anything.
Where we do your bookkeeping, the audit is handled with the separation that independence requires — and we will explain exactly how before you engage us for both. Any firm that is vague on this point is telling you something.
Why us
Why MAM for External audit
- Registered with IAPI
MAM is registered with IAPI, the Institut Akuntan Publik Indonesia, and a member of IAI — the bodies that set and enforce the standards an Indonesian audit is conducted to.
- The fieldwork is not outsourced
The audit work is done by MAM staff, who are qualified auditors. An audit subcontracted to a third party is an audit whose working papers you cannot ask anyone about.
- Who does the work, and who signs it
The audit is performed by MAM. The report is signed by the licensed public accounting firm (KAP) MAM works with, as Indonesian requirements provide — so both are settled before you start rather than discovered at the end.
Credentials
Qualified, and accountable for it
MAM's work is done by qualified accountants and carried out to the standards of these professional bodies — not by a general administrator following a checklist.
Led by members 
Registered 
Member 
Through ACCA 
Xero Bronze Partner & Certified Advisor Reviews
What clients say
We have engaged many business consultants in past and MAM Corporate Solutions is by far among the most informed and professional business consultants as per our experience. They have helped us with various services such as tax compliance, company incorporation and business valuations and every time they have exceeded our expectations.
MAM Corporate Solutions offers great services! All the team makes all the incorporation process very clear, and always takes the time to explain every step of the way in details. They are fast and efficient, and always make sure they find the solution that's most adapted to your need. I could not recommend them enough!
MAM Corporate Solutions provides us accounting service on Xero. They have always kept our records up-to-date and we are happy with their service.
Questions
What people ask us
How long does an audit take?
It varies, and honestly so. Some sets of financial statements are straightforward and others are not. The time depends on how complex they are and how much testing the work needs.
What do you need in place before fieldwork can start?
Your financial statements, so we can review them before putting a proposal together. Once the proposal is agreed, an engagement letter is issued and signed, and fieldwork starts after that.
Do we have to be audited?
Either the law requires it or somebody with leverage has asked — a lender, an investor, a parent company. Settle which of the two applies to you before anything else, because it changes how you should keep records all year rather than only at year end.
Goes with this
Often needed alongside this
Bookkeeping & accounting
Bookkeeping services Indonesia standards demand — reconciled monthly, ready for tax and audit.
Learn more →Corporate tax & compliance
Corporate tax Indonesia filings, withholding and the compliance calendar, handled every month.
Learn more → Compare
Or consider instead
These do a similar job in a different way. Most people choose one, not both.
Internal audit
Internal audit Indonesia reviews of controls, risk and process, before someone else finds the gap.
Learn more →Talk to someone who does this every day
A free 30-minute call. Bring the situation you are actually in, and you will leave with a clear view of what is involved.