Read the following passage: The Indonesian Institute of Certified Public Accountants (IAI) is the professional organization for accountants in Indonesia. The IAI is responsible for setting accounting standards and regulating the accounting profession. What is the main function of the Indonesian Institute of Certified Public Accountants (IAI)?

To set accounting standards and regulate the accounting profession

A company's auditor has identified a material weakness in the company's internal control system. The auditor has reported this finding to the company's management and the DFASB. What should the company do next?

Implement remedial actions to address the weakness

LATIHAN• 1/10

No. 1