-+ 0.00%
-+ 0.00%
-+ 0.00%

Telkom says 2023-24 accounting issue is policy change, not error

PUBT·05/06/2026 10:05:08
Listen to the news
Telkom says 2023-24 accounting issue is policy change, not error
  • PT Telkom Indonesia issued a published response to Indonesia Stock Exchange clarification requests, outlining parallel SEC and DOJ investigations tied to Telkom Infra involvement in a BAKTI Kominfo 4G BTS project.
  • SEC document request arrived in October 2023, then expanded into accounting, disclosure, revenue recognition, financial reporting, ICFR issues; DOJ began additional requests in May 2024 focused on FCPA compliance.
  • Telkom said DOJ and SEC later communicated an indefinite pause on FCPA-related aspects of their probes following a February 2025 US executive order that paused DOJ FCPA enforcement for 180 days.
  • Management reversed its earlier restatement stance, concluding drop cable assets and “last mile to the customers” classification should be treated as retrospective accounting policy changes; April 30, 2026 Form 6-K amendment withdrew the prior non-reliance conclusion for 2023 and 2024 financial statements.
  • Late filing notice on Form 12b-25 was filed April 30, 2026 to extend timing for 2025 Form 20-F as revisions to 2023-2024 comparatives are prepared.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PT Telkom Indonesia (Persero) Tbk published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001001807-26-000024), on May 06, 2026, and is solely responsible for the information contained therein.