About KAKBI Committee - Bank Sentral Republik Indonesia
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September 26, 2018

About KAKBI Committee

Based on Board of Governor Regulation Number 15/13/PDG/2013 dated December 31, 2013 regarding Bank Indonesia Financial Accounting Policy, since 1 January 2014 Bank Indonesia has been implementing Bank Indonesia Financial Accounting Policy (KAKBI) as the accounting standard in the preparation and presentation of financial statements. KAKBI consists of Fundamental Principles of Preparation and Presentation of Financial Statements (PDP2LK) and Statement of Financial Accounting Policy (PKAK).

Discussion regarding the development of accounting standards for Bank Indonesia has been initiated since 2008, began with discussion session with practitioners and academicians to address the uniqueness of Bank Indonesia’s transactions and deciding which accounting standards is suitable as reference. Based on the studies, it was concluded that Bank Indonesia needs to create a specific accounting standards. Because of the uniqueness of transactions, Bank Indonesia cannot fully comply to the general accounting standards.

Last Update : August 1st, 2018

 

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