We understand the intricate and rapidly evolving landscape of the Automotive sector. This industry, characterized by complex global supply chains, significant R&D investments, evolving consumer demands, and technological shifts towards electric vehicles and autonomous driving, presents unique financial and operational challenges. An effective audit partner must possess deep insights into these drivers and their implications for financial reporting.

Our experienced audit team is proficient in applying International Financial Reporting Standards (IFRS) and Indonesian Financial Accounting Standards (PSAK). We bring specialized knowledge in standards highly relevant to automotive entities: PSAK 115 (Revenue from Contracts with Customers) for sales, service, and financing arrangements; PSAK 216 (Fixed Assets) for manufacturing plants and machinery; PSAK 238 (Intangible Assets) for patents, intellectual property, and brand value; and PSAK 202 (Inventories) for managing extensive raw materials, work-in-progress, and finished goods. We also focus on PSAK 237 (Provisions, Contingent Liabilities and Contingent Assets) for warranty provisions and recalls, and PSAK 116 (Leases) for financing vehicle fleets or factory equipment.

We rigorously apply International Standards on Auditing (ISAs) and Indonesian Auditing Standards (SA). Our approach emphasizes SA 315 (Identifying and Assessing the Risks of Material Misstatement) to address industry-specific risks such as product development costs, inventory obsolescence, complex dealer networks, and warranty liabilities. We also utilize SA 540 (Auditing Accounting Estimates) for crucial areas like product warranties and impairment assessments of specialized machinery. Our aim is to provide unwavering assurance over your financial statements, coupled with strategic insights to optimize cost structures, enhance internal controls across global operations, and ultimately bolster stakeholder confidence in your financial performance and future innovation.