Public accounting firm “Kuncara Budi Santosa” has entered into a strategic partnership with one of China's largest accounting firms, ranked 15rd in the world. This step was taken in response to the surge in investment by Chinese companies in Indonesia in recent years, which boosted demand for quality audit services at affordable costs.
The presence of Chinese companies in Indonesia continues to increase, especially in key sectors such as infrastructure, manufacturing, technology, and energy. The partnership is expected to provide more efficient audit solutions, while maintaining high international standards. This cooperation also offers access to wider resources, technology, and expertise, strengthening the position of the public accounting firm “Kuncara Budi Santosa” in the regional market.
“We see a significant need from Chinese companies operating in Indonesia for cost-competitive, yet quality audit services,” said Kuncara Budi Santosa, Managing Partner of the public accounting firm ‘Kuncara Budi Santosa’. By working with a renowned accounting firm in China, we hope to support their expansion with appropriate and efficient solutions.”
In addition to audits, the partnership also includes business advisory services, tax compliance, and risk assessment and business strategy for foreign companies operating in Indonesia. Given the complexity of regulations and the ever-changing business environment, this partnership offers a competitive advantage to clients from both sides.
With the increasing flow of Chinese investment into Indonesia, especially under the Belt and Road Initiative (BRI) framework, cross-border cooperation between public accounting firms is becoming increasingly important. Chinese companies need an in-depth understanding of local regulations in Indonesia as well as the expertise to handle their financial transactions with accuracy and efficiency.
Kuncara Budi Santosa also stated that this partnership will open up opportunities for the development of AI-based audit technology, which is expected to help improve efficiency and accuracy in the audit process. This technology will be implemented in line with the increasing demand for audit services for multinational companies that are moving quickly in the digitalization era.
With this move, the public accounting firm “Kuncara Budi Santosa” positions itself as a key player in the professional services ecosystem in Southeast Asia, ready to meet the challenges of globalization and further strengthen economic ties between Indonesia and China.