Indonesia and IFRS Standards: What does the future hold?

On 25 May the IFRS Foundation and the Indonesia Financial Services Authority (OJK) jointly held a stakeholder event in Jakarta to discuss Indonesian convergence with IFRS Standards, and we have highlights from the event below.

It followed an announcement by the Trustees of the IFRS Foundation, the Indonesia Financial Services Authority (OJK) and the Institute of Indonesia Chartered Accountants (IAI) of their intention to deepen cooperation as Indonesia develops its plans to achieve full convergence with IFRS Standards. Click here to find out more about this Joint Statement.

The stakeholder event was attended by regulators, industry bodies, standard-setters, businesses and investors, and was a broad discussion on Indonesia and IFRS Standards set within the context of growing support for IFRS Standards within the ASEAN (Association of Southeast Asian Nations) economic community.

It was part of a broader series of meetings which included the IFRS Foundation's Trustees meeting. Find more information about that meeting here.

Speakers at the panel discussion included:

• Michel Prada, Chairman of the IFRS Foundation Trustees

• Etty Retno Wulandari, Deputy Commissioner of Strategic Management of the OJK

• Hans Hoogervorst, Chairman of the International Accounting Standards Board

• Djohan Pinnarwan, Head of Financial Accounting Standards Board, Ikatan Akuntan Indonesia

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