Auditing an Audit: AriaWest v PT Telkom
PwC's audit on PT Telkom shows US$60 million - US$70 million missing from its KSO III area in West Java and Banten. Now, Telkom is appointing KPMG to examine the audit findings.
November 6, 2001
The enmity between Telkom and AriaWest International is heating up again. What is triggering it is the findings of an audit by PricewaterhouseCoopers (PwC) on Division Regional III West Java and Banten. Based on its forensic audit, PwC concluded that US$60 million-70 million, or approximately Rp700 billion, vanished into thin air in the operational cooperation (KSO) III managed by AriaWest International. Strangely enough, however, the cause is pl...