Indonesian Institute Of Accountants (Iai) Towards Asean Economic Community (Aec) 2015

Kusumasari, Lita (2014) Indonesian Institute Of Accountants (Iai) Towards Asean Economic Community (Aec) 2015. Asia Pacific Journal of Accounting and Finance. pp. 1-28. ISSN 2087-4499

[img] Text
Indonesian Institute Of Accountants (Iai) Towards Asean Economic Community (Aec) 2015.pdf

Download (3MB)
[img] Text
Korespondensi Paper.pdf

Download (1MB)
[img] Text
Turnitin result.pdf

Download (7MB)
[img] Text
Peer review Lita Kusumasari.pdf

Download (706kB)

Abstract

This paper measures and compares the level and progress of accounting bodies readiness in ASEAN toward ASEAN Economic Community (AEC). The level and progress of readiness are measured by ratio between accountant and listed companies and compliance of statement of membership obligations (SMO) as required by International Federation of Accountants (IFAC). Every SMO’s compliance of ASEAN countries is graded using range 1-10 (1 = not comply and 10 = fully comply). The final grading will provide a rank of accounting bodies in ASEAN country readiness, especially Indonesia Institute of Accountants (IAI). The rank will give assessment level and progress toward AEC especially to Indonesia. ASEAN are Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Viet Nam. One of the co-operations is signed ASEAN Economic Community (AEC). The AEC will be implemented in 2015 where ASEAN will have free movement of goods, services, investment, skilled labor, and free flow of capital. Indonesia needs to prepare for AEC. This paper aims to know the position of Indonesian Institute of Accountants (IAI) among others accounting professional body in ASEAN toward AEC. We examine literature reviews on the organizations that has impact on accounting profession which are ASEAN Federation of Accountants (AFA) and International Federation of Accountants (IFAC). Those above mentioned organizations influence the Mutual Recognition Agreement (MRA) set for AEC. IAI is member of IFAC and AFA, so IAI has to comply with statement of membership obligation (SMO) by IFAC. In 2013, IAI is number 5 as compared to other ASEAN countries in compliance to SMO. Indonesia needs to work harder related to number accountant because it is still sort of accountants. It is ranked as number 5 again comparing to other ASEAN countries for the total number of accountants and decline to rank as number 8 to other ASEAN countries for the ratio between accountant and listed companies. IAI is in the right path for being ready to AEC while IAI needs to keep up raising the number of accountants and improving on quality assurance, socialize on international education standards, doing collaboration with Institute Akuntan Public Indonesia (IAPI), enhancing code of ethics and continuing convergence with International Financial Reporting Standards (IFRS).

Item Type: Article
Uncontrolled Keywords: Indonesia positioning in AEC, the ranking of IAI in ASEAN, AFA, IFAC, SMO
Subjects: AKUNTANSI > Sistem Informasi Akuntansi
Divisions: Dosen STIE YKPN > Artikel > Jurnal
Depositing User: Pustakawan STIE YKPN
Date Deposited: 23 Mar 2022 04:21
Last Modified: 08 Apr 2022 01:46
URI: http://repository.stieykpn.ac.id/id/eprint/1508

Actions (login required)

View Item View Item