Are inspections of non-PIE auditors completed by another entity? If so, please specify. Yes They are performed by inspectors Yes from the national professional body The Malaysian Institute of Accountants is Yes (the Institute of Singapore Chartered responsible for surveillance and The Federation of Accounting Professions is No Accountants) with oversight by enforcement of auditors carrying out responsible for the oversight of auditors of ACRA to ensure the same audits of non-public interest entities companies. benchmark of compliance with through its Practice Review Program. auditing standards is maintained across all inspections. Qualifications of Head of Oversight Body Former principal or senior manager Former partner or principal of Big Four or Head of the oversight body is the Ministry of Finance Official of Big Four or international network international network firm of the SEC (law-related background). firm Qualifications of Inspectors Most Inspectors passed All inspectors are CPAs and have Indonesian CPA examination several years of audit experience in the Big Four Various inspectors are professionally Former principal or senior manager and some firms. In addition, the audit inspection teams qualified and have several years of audit of Big Four or international network Inspectors acquired other also normally seek advice from the SEC advisor experience firm certifications from Indonesian who is a former partner and CEO of the Big Four Institute of Accountants. firm. Are inspectors subject to civil service pay scales? Yes No Yes No
Are inspections of non-PIE auditors completed by another entity? If so, please specify. No Yes The Malaysian Institute of Accountants is responsible for surveillance and enforcement of auditors carrying out audits of non-public interest entities through its Practice Review Program. Yes They are performed by inspectors from the national professional body (the Institute of Singapore Chartered Accountants) with oversight by ACRA to ensure the same benchmark of compliance with auditing standards is maintained across all inspections. Yes The Federation of Accounting Professions is responsible for the oversight of auditors of companies. Qualifications of Head of Oversight Body Ministry of Finance Official Former partner or principal of Big Four or international network firm Former principal or senior manager of Big Four or international network firm Head of the oversight body is the of the SEC (law-related background). Qualifications of Inspectors Most Inspectors passed Indonesian CPA examination and some Inspectors acquired other certifications from Indonesian Institute of Accountants. Various inspectors are professionally qualified and have several years of audit experience Former principal or senior manager of Big Four or international network firm All inspectors are CPAs and have several years of audit experience in the Big Four firms. In addition, the audit inspection teams also normally seek advice from the SEC advisor who is a former partner and CEO of the Big Four firm. Are inspectors subject to civil service pay scales? Yes No Yes No