Third, changing the PAI into SAK contain statements in accordance with the object that subject. Since publication of the Financial Accounting Standards (SAK - Indonesian GAAP) in 1994, IAI continues to make revisions on an ongoing basis, whether it be improving the existing standard, adding a new standard, and interpretation of Statement of Financial Accounting Standards (PSAK). Revision process has been carried out 3 (three) times, namely at the date of October 1, 1995, June 1, 1999 and 2007, IAI has again re improvements to the Financial Accounting Standards and began the codification of the International Financial Reporting Standards (IFRS). Until now, a lot of revisions have been made by IAI in the context of globalization and IFRS implementation.
Financial Accounting Standards (SAK) book contains concepts that form the basis on the preparation and presentation of financial statements in Indonesia, Statement of Financial Accounting Standards (PSAK) and Interpretations of Financial Accounting Standards (IPSAK). This book is a key book for Accountants and Certified Public Accountants practicing in Indonesia in carrying out profession.