On Thursday February 6th, 2020 Badan Amil Zakat Nasional (BAZNAS) along with Dewan Standar Akuntansi Keuangan Syariah Ikatan Akuntan Indonesia (DSAS-IAI) held a post-implementation review meeting regarding Statement of Monetary Accounting Standard 109 (PSAK 109). The meeting was held at the IAI Building in MentengPSAK 109 regarding Zakat and Infaq.Shodaqoh Accounting was released on April 6th 2010 and was applied on Januari 1 2012. A post-implementation review is implemented when a PSAK has been implemented for more than five years, if there are any revisions within the regulatory and monetary reporting system, and if there is a Fatwa DSN MUI.

The meeting started with presentations from BAZNAS regarding the Case Studies related to PSAK 109. These case studies mainly discussed the distribution of zakat through various bodies and in various forms. Following the presentation from BAZNAS was a presentation from IAI regarding the post implementation review for PSAK 109. IAI along with other stakeholders including BAZNAS, The Ministry of Religious Affairs (Kemenag), LAZ (Lembaga Amil Zakat), and academicians will form a team to study the relevance of PSAK 109.

The expected outcome of the post-implementation review of PSAK 109 will be in the form of reccomendations. These reccomendations will be regarding areas that have not yet been covered by PSAK 109 and an increase in the understanding and implementation of PSAK 109. The post-implementation review is estimated to finish by the end of August.