The Urgency of Establishing Accounting Standards for Digital Assets in Indonesia: A Literature Review

Abstract

The rapid growth of digital assets had brought significant implications for global accounting
practices. However, in Indonesia, the Financial Accounting Standards (PSAK) have not yet
provided specific guidance regarding the accounting treatment of digital assets. This situation
creates uncertainty in the recognition, measurement, presentation, and disclosure of digital
assets in financial statements, as well as opportunities for differences in treatment among
companies. This study aims to examine the urgency of developing specific accounting standards
for digital assets using a literature review method based on academic journals and accounting
standards. The findings show that without clear accounting standards, there are risks of
inconsistency, limited comparability of financial statements, and reduced relevance of
information for financial statement users. Therefore, the development of PSAK that is adaptive
to the growth of digital assets is an urgent need to enhance transparency, accountability, and
reliability of financial reporting in the digital economy era.