Financial audits and advisory for retailers across Indonesia — from single stores to national chains and omni‑channel operators. We strengthen financial reporting, inventory integrity, cash controls, and compliance with PSAK/IFRS and Indonesian tax rules.
Share
Retail in Indonesia encompasses traditional stores, modern supermarkets, franchise networks and e‑commerce channels. High transaction volumes, fast inventory turnover, promotions and multi‑location operations create accounting, audit and control challenges. Robust financial audits ensure financial statements are reliable, tax and reporting obligations are met, and management has actionable financial insight.
POS reconciliation, cut‑off testing, return/void monitoring, promotion accounting, gift cards, marketplace settlements and revenue recognition policies.
Observe physical counts and cycle counts, reconcile POS to stock records, assess shrinkage, obsolescence and NRV vs cost valuation.
Cash handling procedures, deposit routines, bank reconciliations, petty cash and cash variance investigations.
Consistent accounting policies, intercompany reconciliations, eliminations and group reporting controls.
Lease classification and accounting (PSAK 73), store fit‑out capitalization, straight‑lining, and rent incentives.
Purchase cut‑off, freight/landing costs, supplier rebates, and inventory write‑downs.
POS/ERP/WMS/TMS interfaces, data integrity, access controls and automated reconciliations.
VAT (PPN) treatment, withholding taxes (PPh), correct invoicing, claims, and documentation for tax positions.
Payroll accuracy, benefits recording, and compliance with employment tax obligations.
Manual overrides, unauthorized discounts, fictitious returns, vendor collusion and weak segregation of duties.
Identify audit objectives, entity structure (stores, warehouses, e‑commerce), and material risk areas.
Observe store and warehouse operations, POS flows, and key controls; document system interfaces.
Analytical review of sales trends, margin patterns, shrinkage and unusual transactions; sample transactional testing.
Identify audit objectives, entity structure (stores, warehouses, e‑commerce), and material risk areas.
Verify PPN filings, withholding tax treatments, transfer pricing and other tax exposures relevant to retail.
Deliver findings with prioritized, practical recommendations for controls, accounting policies and reporting improvements.
Our retail audits concentrate on financial statements, internal controls and financial reporting compliance under PSAK/IFRS and Indonesian tax law (PPh, PPN). We do not perform product safety, food‑safety, or non‑financial operational audits unless separately engaged.
KAP Eddy Hutarso & Satria provides tailored retail financial audit and advisory services across Indonesia. Contact us to arrange a store‑level visit, inventory observation or a customised audit plan.
