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The appointment of a public
accountant
for the Pension Fund
is the duty and privileges
of the supervisory board. Other then the duty of supervising the management of the
pension fund, supervisory board also appoints the public accountant that will conduct the
audit
of
the
pension
fund
financial
statement.
The
supervisory
board
assumed
to
have
the ability to entrust both the participants and plan sponsors importance since the board
members formed from both parties in equal numbers.
The pension fund financial statement specifically regulated under Surat Keputusan
Direktur Jenderal Lembaga Keuangan
nomor KEP.2345/LK/2003. Pension fund
financial report, that either
held defined benefit plan or defined contribution plan should
include:
a. Net Assets Report
Net assets report is a report, which reflects the wealth of a pension fund available
for pension benefit. Net asset report is asset minus short-term liability. Net asset
report will normally provide information about:
Investment
Current Assets Beside
Investment
Operational Assets
Other assets, and
Short-term Liability
Investment in net assets presented based on fair value as regulated in the Finance
minister decree No. 76/KMK.017/1995 regarding the financial report. On the
other hand, operational assets presented based on book value.
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