FAKTOR-FAKTOR YANG MENDASARI REFORMASI AKUNTANSI DI INDONESIA

Abstract

Accounting regulations in Indonesia have been strengthened over the past three decades as part of a series broader program of market-driven regulatory reform. Some revisions efforts have been made by the Indonesian Institute of Accountants and government in enhancing the quality of accounting information presented in the financial reporting since the reopening of the Indonesian capital market in 1977. The central element of these efforts was the introduction of accounting standards which were based largely on the International Accounting Standards (hereby deemed as the Financial Accounting Standards (FASs)) in late 1994 to replace the old Indonesian accounting principles (hereby deemed as the IAPs). In 2005, the Indonesian Institute of Accountants and government introduced Government Accounting Standard. It can be concluded that there are three factors influencing accounting reform in Indonesia. First, the political economy of accounting policy-making in Indonesia : 1965-mid 1980s. Second factor is the political economy of accounting policy-making in Indonesia since the mid-1980s. Thirdly, the third factors is 1997 financial crisis and further reform.