Annual financial statement audits by a licensed partner public accounting firm, with Balancio supporting you from document preparation through issuance of the auditor’s report. The resulting financial statements are ready for shareholders, shareholder meetings, banks, investors, and regulators.
The audit opinion is issued entirely by a Public Accountant from our partner firm, preserving auditor independence. Balancio keeps the process organized, timely, and efficient for your team.
When Is a Company Required to Be Audited?
Under Article 68 of Law No. 40 of 2007 on Limited Liability Companies, directors must submit the company’s financial statements to a public accountant for audit when the company:
- Collects and/or manages public funds
- Issues debt instruments to the public
- Is a public company or state-owned limited liability company
- Has assets and/or annual revenue of at least IDR 50 billion
- Is required to do so under other applicable laws or regulations
If this requirement is not met, the financial statements cannot be approved by the General Meeting of Shareholders. Even when an audit is not mandatory, audited statements are often requested for bank loans, investor funding, and tenders.
Audit Packages
Packages are tailored to your business scale. Scroll horizontally to see all packages.
| Business Level (Annual Revenue) | Starter(≤ IDR 15 B) | Growth(IDR 15–50 B) | Enterprise(> IDR 50 B) |
|---|---|---|---|
| Financial Statement Audit by Partner Public Accounting Firm | Included | Included | Included |
| Independent Auditor’s Opinion | Included | Included | Included |
| Document Preparation Support | Included | Included | Included |
| Pre-Audit Review & Adjustments | Not included | Included | Included |
| Management Letter (Internal Control Recommendations) | Not included | Included | Included |
| Bilingual Report (Indonesian & English) | Not included | Not included | Included |
| Free Consultation | Included | Included | Included |
| Audit Fee | Custom quote | Custom quote | Custom quote |
Final pricing depends on the audit scope and complexity and is stated in the engagement letter.
What You Get
- Independent Auditor’s Report signed by a Public Accountant from a licensed partner firm
- Complete audited financial statements: Statement of Financial Position, Income Statement, Statement of Changes in Equity, Cash Flow Statement, and Notes to the Financial Statements
- Management letter containing findings and recommendations to improve internal controls (Growth & Enterprise packages)
- Balancio support as your liaison with the auditor from project start through report issuance
What to Prepare
- Financial statements for the financial year to be audited, together with the trial balance and general ledger
- Bank statements and reconciliations for all company bank accounts
- Legal documents: deed of establishment and amendments, approval decree, NIB, and corporate tax ID
- Fixed asset register, details of receivables and payables, and key contracts
- Annual corporate income tax return and proof of tax payments
- Prior-year audit report (if available)
Frequently Asked Questions
Who issues the audit opinion?
The audit opinion is issued and signed by a Public Accountant from a licensed partner firm. Balancio supports data preparation, scheduling, and follow-up on findings while auditor independence is maintained.
How long does the audit process take?
It depends on data readiness and transaction complexity. The estimated timeline is agreed at the start and stated in the engagement letter.
Our bookkeeping is not yet well organized. Can we still be audited?
This can be assessed first. Under the Growth and Enterprise packages, Balancio conducts a pre-audit review to identify adjustments that should be made before fieldwork begins.
Can more than one financial year be audited?
Yes. Let us know when completing the assessment form so the scope and fees can be calculated together.
Related Services
Our Process
Fill Out the Assessment Form
NDA Signing
Service Kick-off
Data Request & Collection
Data Processing
Data Verification
Report Delivery
Need help choosing the right package?
Discuss your business needs with our team — we'll help you find the right service and package, free of charge to start.
Start a Consultation