Indonesia's Strategic Role in Shaping the Accounting Profession in ASEAN
November 3, 2025
In 1975, a significant development in the accounting profession occurred in Southeast Asia, initiated by the Indonesian Institute of Accountants (IAI). Under the leadership of Drs. Radius Prawiro, a former Minister of Finance of the Republic of Indonesia, the country played a key role in the establishment of the Forum of ASEAN Accountants (FAA). At that time, the ASEAN Federation of Accountants (AFA) had not yet been formed, and ASEAN consisted of only five member countries: Indonesia, Malaysia, Singapore, the Philippines, and Thailand. This initiative was crucial as it laid the foundation for professional cooperation in accounting across the region.
Indonesia’s early involvement demonstrated the country’s significant role in developing the accounting profession at the regional level. In October 1984, Indonesia’s position was further strengthened when it hosted the AFA Conference. Drs. Bernardi, an important figure in Indonesia’s accounting industry, was elected as the President of AFA during the conference, solidifying Indonesia’s leadership in the region.
Beyond Indonesia’s historical role, this involvement also contributed to Indonesia’s acceptance as a full member of the International Federation of Accountants (IFAC) in November 2021. The legacy of this collaboration is reflected in Indonesia’s continued leadership within the global accounting network
The Indonesian delegation to FOA was led by Drs. Soenasto, followed by Drs. Soebagjo (deceased), Drs. Mulia (deceased), Drs. Sudjendro (deceased), Drs. Hadori Yunus (deceased), Drs. Seno (deceased), Drs. Gozali (deceased), Drs. Dalil Hasan (deceased), and Drs. Frans Iskandar. This delegation was received by Philippine President Ferdinand Marcos at Malacañang Palace before attending the Founding Forum of AFA.
The historical context of this early involvement illustrates the commitment of Indonesian accounting leaders to advance the profession at both the regional and global levels.
Inspiration of the Author: Frans H. Iskandar, Public Accountant
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