Regulatory Alerts2023-05-12
Bappebti Regulation No. 3 of 2023 on Guidelines for Public Accountant and Public Accounting Firm Criteria in Commodity Futures Trading
The Commodity Futures Trading Regulatory Agency (Bappebti) of Indonesia issued Regulation No. 3 of 2023 to establish mandatory criteria for Public Accountants and Public Accounting Firms auditing commodity futures trading entities. The regulation requires market participants to submit annual financial reports audited by qualified professionals and mandates prior notification to Bappebti before engaging auditors to ensure competency and independence. Non-compliance with these criteria results in the financial reports being deemed unsubmitted, with full implementation required within three months of the regulation's enactment.
Share