The opinion was previously well known as a Fair Without Exception. The audit was conducted based on the auditing standards set by the Indonesian Institute of Certified Public Accountants.

According to the independent auditor's report, the consolidated financial statements presented fairly, in all material respects, ITB's consolidated financial position as of December 31, 2020, as well as its consolidated activities and cash flows for the year ended on that date, in accordance with the Indonesian financial accounting standards.

The audit included evaluating the exactness of accounting policies and the fairness of accounting estimates made by management. The audit also included evaluating the overall presentation of the consolidated financial statements for the fiscal year 2020.

Reporter: Adi Permana

Translator: Zahra Annisa Fitri