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11 Agustus 2022 - Lainnya
The Institute of Indonesia Chartered Accountants (IAI) through the Task Force on Comprehensive Corporate Reporting (Indonesia Task Force on CCR) expressed its support to the International Sustainability Standards Board’s (ISSB) proposal on Exposure Draft IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and Exposure Draft IFRS S2 Climate-related Disclosures. In its comment letter, the Indonesia Task Force on CCR supports the aspiration for a comprehensive global baseline for the disclosure of sustainability-related financial information and climate related disclosures, whilst highlighting several key improvements to be considered by ISSB in their further deliberation.
The ISSB’s global baseline presents a unique opportunity to reduce existing and further fragmentation of sustainability disclosure requirements as well as improve compatibility with financial reporting. “We recognize how the ISSB initiative are significantly different to existing sustainability disclosure framework, with the proposed standards aiming to ensure compatibility and interconnectedness of sustainability disclosure with financial reporting and meet the needs of the capital market.” stated by Chair of Indonesia Task Force on CCR, Rosita Uli Sinaga.
International collaboration in the development of the global baseline is essential to create a disclosure framework that can be implemented globally, resulting in a consistent approach across markets. In its comment letter, the Indonesia Task Force on CCR emphasizes the need to ensure international applicability and harmonization with jurisdictional requirements such as the use of general definition or jurisdictional regulations instead of certain country standards and promote scalability particularly in emerging countries.
As leader in the Indonesia Task Force on CCR, IAI ensures the membership of the Task Force includes representatives from regulators, relevant ministries, professional accountancy organization, and preparers to corroborate the insight and concern from relevant key stakeholders. IAI recognizes the importance of cooperation in Indonesia in harmonizing key disclosure requirements in the standards with Indonesia’s prevailing regulations and business characteristic.
Learn more about our response to the International Sustainability Standards Board (ISSB) proposal on its Exposure Draft IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information through this link and Exposure Draft IFRS S2 Climate-related Disclosures through this link.
About IAI
The Institute of Indonesia Chartered Accountants or Ikatan Akuntan Indonesia (IAI) is the recognized Professional Accountancy Organization (PAO) in Indonesia. Established on December 23, 1957, IAI continues to serve and develop the accountancy profession in the country through among others, establishment of the Chartered Accountant (CA) Indonesia qualification and other professional accountancy certifications, continuous education and training, and standard-setting activities.
IAI is home to more than 33,000 Indonesian accountants from different backgrounds; public accountants, educators, private (management) and public (government) sector accountants, tax, and forensic accountants. The Institute is recognized as a co-founding member of both the International Federation of Accountants (IFAC) and the ASEAN Federation of Accountants (AFA). IAI is also an associate member of Chartered Accountants Worldwide. IAI is committed to implement IFAC’s standards as the best practice in improving the quality of the accountancy profession in Indonesia.
IAI through the Dewan Standar Akuntansi Keuangan/Indonesian Financial Accounting Standards Board (DSAK) as the independent accounting standard setting body in Indonesia is tasked with the issuance of the Standar Akuntansi Keuangan/Indonesian Financial Accounting Standards (SAK) that is applied in Indonesia.