Indonesian government to audit IBRA

The Indonesian Supreme Audit Agency has estimated that it will take two years to complete its upcoming audit of IBRA.

Two years may sound like a long time to audit a company of about 800 employees ... unless of course the company is in Indonesia. And this is exactly the estimate given by the Indonesian Supreme Audit Agency (BPK), which is going to conduct a comprehensive audit of the Indonesian Bank Restructuring Agency (IBRA), which controls about Rp600 trillion ($63.2 billion) in assets. Bambang Wahyudi, an official of the BPK, said that because of the massive work involved it will take two fiscal years to audit the Agency.

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