We understand the intricate and project-centric nature of the Engineering & Construction sector. This industry, characterized by long-term contracts, significant project-specific risks, complex revenue recognition, and substantial capital deployment, demands an audit partner with specialized knowledge. From large-scale infrastructure to intricate building projects, navigating these financial complexities effectively is paramount for sustainable success.

Our experienced audit team is proficient in applying International Financial Reporting Standards (IFRS) and Indonesian Financial Accounting Standards (PSAK). We bring deep expertise in standards highly relevant to engineering and construction entities: primarily PSAK 115 (Revenue from Contracts with Customers) for recognizing revenue over time on long-term contracts; PSAK 216 (Fixed Assets) for heavy machinery and equipment; and PSAK 116 (Leases) for leased construction assets. We also focus on PSAK 111 (Joint Arrangements) for consortiums and joint ventures, and PSAK 237 (Provisions, Contingent Liabilities and Contingent Assets) for potential claims, liquidated damages, and warranty provisions.

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 cost overruns, project delays, contract variations, and litigation risks. We also heavily utilize SA 540 (Auditing Accounting Estimates) given the significant estimates involved in percentage-of-completion accounting and provisions. Our aim is to provide unwavering assurance over your financial statements, coupled with strategic insights to optimize project profitability, enhance internal controls over vast project expenditures, and ultimately bolster stakeholder confidence in your financial performance.