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.

For the company, the existence of the Audit Committee is a supporting organ that formed and directly responsible to the Board of Commissioners who assisted effectiveness of the implementation of the supervisory function of the Council The Commissioner is specifically related to the disclosure of financial statement information and internal supervision.

The implementation of the duties and responsibilities of the Audit Committee has been in accordance with the Charter of the Audit Committee and Budget The Company's Basis refers to the Regulations OJK No. 55/ POJK.04/2015 concerning the Establishment of and Guidelines for the Implementation of the Work of the Audit Committee.

The Audit Committee is the company's supporting organ that formed and directly responsible to the Board of Commissioners to assist effectiveness of the implementation of the supervisory function of the Council Commissioner specifically related to disclosure financial reporting and internal control.

The implementation of the duties and responsibilities of the Audit Committee is in accordance with the Charter of the Audit and Budget Committee The Company’s Basis refers to the Regulations OJK No. 55/ POJK.04/2015 concerning the Establishment of and Guidelines for the Implementation of the Work of the Audit Committee.

During 2024, the Audit Committee carries out the main function of evaluating the annual financial reports ending on 31 December 2023 which have been audited and evaluating all quarterly financial reports for 2024 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.

Audit Committee Charter

Audit Committee Charter

The Audit Committee Charter is prepared by the Company based on POJK No. 55/ POJK.04/2015 concerning the Establishment and Guidelines for the Implementation of the Audit Committee's Work. Guidelines It is expected to provide a reference in understanding the regulations related to the work of the Audit Committee, especially the supervision and provision of advice to the Board of Directors and below it.

The Company has had an Audit Committee Charter that has been in effect since January 1, 2022, which contains:

  1. Definition
  2. Vision and Mission
  3. Purpose of Drafting the Audit Committee Charter
  4. Duties and Responsibilities
  5. Authority
  6. Structure, Composition, and Membership
  7. Membership Requirements
  8. Work Procedures and Procedures.
Authority of The Audit Committee

The Audit Committee has the following authority in carrying out its duties and responsibilities, namely:

  1. Access documents, data, and information about the company's necessary employees, funds, assets, and resources;
  2. Communicate directly toemployees, the Board of Directors and parties who carry out internal audit functions, management risk and accountant.
  3. If necessary, the Audit Committee may engage an independent party other than the Audit Committee member to assist the implementation of their duties.
Members of the Audit Committee as of December 31, 2024 are:
  1. Supandi Widi Siswanto: Chairman
  2. Tisanto Adi: Member
  3. Ihot Parasian GuItom: Member