Volex Indonesia, part of the global Volex PLC group.
Is a leading manufacturer of power cords, cable assemblies, and integrated manufacturing services. Operating in Batam, Indonesia, the company plays a vital role in supplying high-quality electrical and electronic components to multinational clients worldwide.
With rapid growth and complex supply chains, maintaining compliance with Indonesian Financial Accounting Standards (PSAK) and international reporting requirements became a strategic priority.
Challenge
As a multinational manufacturer, Volex Indonesia faced the dual challenge of aligning its financial reporting with Indonesian PSAK standards while meeting the expectations of global stakeholders. T
he company required a trusted and independent audit partner in Indonesia who could ensure compliance, improve transparency, and strengthen governance practices.
AuditTrust Indonesia was engaged to perform an independent statutory audit of Volex Indonesia’s financial statements. Our team applied international best practices in auditing, combined with a consultative approach that emphasized clarity and collaboration. Key steps included:
- Assessing internal controls and financial reporting systems
- Reviewing compliance with PSAK and applicable tax regulations in Indonesia.
- Providing actionable recommendations to enhance reporting processes and internal governance.
Through our audit, Volex Indonesia achieved:
- Full compliance with Indonesian PSAK and regulatory requirements.
- Improved accuracy and transparency in financial reporting.
- Increased confidence among stakeholders, including the global parent company and international clients.
- Stronger internal controls, ensuring sustainable growth and long-term business resilience.
By partnering with AuditTrust Indonesia, Volex Indonesia reinforced its position as a reliable manufacturer in Batam and demonstrated its commitment to compliance, accountability, and transparency.
LAI Verification:
Location:
Indonesia
Project Area:
Advisory, Audit and Taxation
Year:
2025