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Public Accountants Sanctioned for Garuda's Report Fiasco

28 June 2019 15:43 WIB

Finance Minister Sri Mulyani. ANTARA

TEMPO.CO, Jakarta - Finance Minister Sri Mulyani has imposed sanctions on public accountant Kasner Sirumapea and the Tanubrata, Sutanto, Fahmi, Bambang & Partner public accountant office as the auditors of Garuda Indonesia’s financial reports that the government deemed had violated several regulations.

The Finance Ministry’s secretary-general, Hadiyanto, explained the sanctions were given following findings that Garuda Indonesia's annual reports of 2018—particularly pertaining to the income stemming from the cooperation with PT Mahata Aero Teknologi—were questionable and below accounting standards.

“Public accountant Kasner Sirumapea is handed a 12-month license suspension for a severe violation that potentially and significantly affects the opinions of the independent auditor’s report (LAI),” said Hadiyanto. 

ReadOJK Finds Garuda Guilty, Slaps Management with Rp100 mn Fine

Previously, the Finance Ministry coordinated with the Finance Services Authority (OJK), related regulators, and the Indonesian Public Accountant Institute.

Both the ministry and OJK are committed to developing and improving the integrity of the financial system and the quality of financial professions, especially public accountants.

“Their profession plays a role in maintaining the quality of financial reports used by public stakeholders prior to making economic decisions,” he said.

ANTARA



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