Audit Committee

The Company's Audit Committee consists of: Chairman, namely an Independent Commissioner and 2 (two) Committee members who have educational and professional backgrounds as Auditors and Supporting Professionals related to Financial Audit. Audit Committee members are independent of the company, and therefore are not employees of the company or its affiliates.

During 2023, the Audit Committee carries out the main function of evaluating the annual financial reports ending on 31 December 2022 which have been audited and evaluating all quarterly financial reports for 2023 which will be published and reported to the Financial Services Authority (OJK) in that year's period.

The Audit Committee holds meetings with the Director in charge of Finance together with the Public Accounting Firm (KAP) which carries out the audit, both at the initial meeting when the audit will be carried out (audit kick-off meeting) and at the end of the audit where the KAP submits its draft audit report.

The Audit Committee also conducts a review of the audit implementation in order to make recommendations for the establishment of a Public Accounting Firm (KAP) for the following year's Audit implementation.

Duties and Responsibilities of the Audit Committee:

  1. Ensure that the company's internal control is implemented properly.
  2. Ensure that the implementation of internal audits and independent audits is in accordance with applicable audit standards.
  3. Ensure the implementation of follow-up by the Board of Directors on the findings of the internal audit work unit, independent/external auditors and the results of OJK supervision.
  4. Provide recommendations for the appointment of independent/external auditor candidates.
  5. Ensure the conformity of financial statements with applicable accounting standards.

Members of the Audit Committee as of December 31, 2023 are:

  1. Supandi Widi Siswanto: Chairman
  2. Tisanto Adi: Member
  3. Ihot Parasian GuItom: Member

Audit Committee Charter