Corporate Governance


Audit Committee

All members of the Audit Committee are independent and external parties who are selected according to their abilities and education, and have fulfilled the requirements stipulated in the Financial Services Authority Regulation No.55 / POJK.04 / 2015 concerning the Establishment and Work Guidelines of the Audit Committee, including not having af liation with the Board of Commissioners, Directors and controlling shareholders.

Audit Committee Membership Requirements

  1. Must have high integrity, ability, knowledge, experience according to the eld of work and be able to communicate well;
  2. Must understand financial statements, the Company’s business, especially those related to the services or business activities of the Company, the audit process, risk management, and legislation in the Capital Market sector and other related laws and regulations;
  3. Required to comply with Audit Committee regulations established by the Company
  4. Willing to improve competence continuously through education and training;
  5. Must have at least 1 (one) member who has an educational background and expertise in accounting and / or nance;
  6. Do not have direct or indirect shares in the Company;
  7. Has no Affiliation with members of the Board of Commissioners, members of the Board of Directors, or the Company’s Major Shareholders;
  8. Has no direct or indirect relationship related to the Company’s business.

Duties and Responsibilities

The Audit Committee has a responsibility in supporting the supervisory functions carried out by the Board of Commissioners on the financial reporting process, conducting audits and internal controls, implementing GCG and carrying out other duties given by the Board of Commissioners. In order for the Audit Committee to play an efficient and effective role, the Audit Committee Charter was prepared which was approved by the Board of Commissioners on April 7, 2015.

Based on the Audit Committee Charter, the duties and responsibilities are as follows:

  1. Reviewing the financial information that will be released by the Company to and / or the authorities including financial reports, projections, and other reports related to the Company’s financial information;
  2. Reviewing compliance with laws and regulations relating to the activities of the Company;
  3. Member independent opinion in the event of a difference of opinion between management and the Accountant for services rendered;
  4. Provide recommendations to the Board of Commissioners regarding the appointment of an Accountant based on independence, scope of assignment and fees;
  5. Reviewing the conduct of audits by internal auditors and supervising the implementation of follow-up actions by the Directors on the findings of internal auditors;
  6. Reviewing the risk management implementation activities carried out by the Board of Directors, if the Company does not have a risk monitoring function under the Board of Commissioners
  7. Review complaints related to the accounting process and financial reporting of the Company;
  8. Review and provide advice to the Board of Commissioners regarding the potential conflict of interest of the Company; and i. Maintain the confidentiality of the Company’s documents, data and information.

Authority of the Audit Committee

In carrying out its duties the Audit Committee has the following authorities:

  1. Accessing documents, DTA and Company information about the work, funds, assets, and Company resources needed
  2. Communicate directly with employees, including the Board of Directors and those who carry out the functions of internal audit, risk management, and accountants regarding the duties and responsibilities of the Audit Committee;
  3. Involve independent parties outside the Audit Committee members who are needed to help carry out their duties (if needed); and
  4. Perform other authorities granted by the Board of

 

The Audit Committee was formed by the Board of Commissioners whose formation refers to POJK Number 55 / POJK.04 / 2015 concerning the Formation and Guidelines for the Implementation of the Audit Committee’s Work.

To assist the Board of Commissioners in carrying out the oversight function of the Board of Directors’ performance in accordance with the principles of Good Corporate Governance.

 

Composition of Audit Committee Members

The composition of the members of the Audit Committee in 2018 experienced changes in the members of the Audit Committee based on the Decree of the Board of Commissioners Number 04 / DEKOM-RIL / IX / 2018 on September 25, 2018. The membership composition is as follows:

Name End of Position
Tunggul Guntur Pasaribu 2022
Riyadi SE, MM, CPA, CMA 2021
Aditya Barmen Saragih 2021

Audit Committee Charter

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Audit Committee Charter
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