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Internal Audit Unit Charter

Internal Audit Unit

Internal Audit Unit is a supporting organ of the Board of Directors serving to examine and evaluate the performance of risk management and GCG systems. In addition, through activities conducted by the Internal Audit Unit, it is expected to increase and strengthen the scope of the Company’s internal control.

Guideline for Internal Audit Unit

The Company’s Internal Audit Unit carries out its duties and responsibilities under the Internal Audit Unit Charter composed according to the Financial Services Authority Regulation No. 56/POJK.04/2015 on Establishment and Guidelines for Preparing the Internal Audit Unit Charter. The Charter contains the following :

  1. Introduction;

  2. Position of the Internal Audit Unit;

  3. Structure of Internal Audit Unit;

  4. Duties and Responsibilities of the Internal Audit Unit;

  5. Authority of the Internal Audit Unit;

  6. Code of Conduct of Internal Audit Unit;

  7. Internal Auditor Requirements;

  8. Relation Patterns; and

  9. Quality Improvement of Internal Audit.

Duties and Responsibilities of Internal Audit Unit

The Internal Audit Unit holds the following duties :

  1. Prepare an annual audit work plan, including budget and resources, and coordinates with the Company’s Audit Committee;

  2. Conduct special audits at the request of Management;

  3. Apply the risk analysis to develop an audit plan;

  4. Assist the Board of Directors in fulfilling management responsibilities of the Company by auditing and evaluating the efficiency and effectiveness in accounting, operations, human resources, marketing, information technology, and other activities;

  5. Participate as an advisor in designing a system;

  6. Ensure that all of the Company’s assets have been reported and maintained from any damage and loss;

  7. Assess the quality of work unit performance in the Company by providing recommendations for improvements and objective information about the activities examined at all levels of Management;

  8. Conduct operational audits and compliance with Management activities aimed at ensuring that the Company’s policies, plans and procedures and applicable laws have been performed properly;

  9. Prepare an Audit Report and submits it to the President Director and the Board of Commissioners for significant findings as a result of audit accomplishment; and

  10. Monitor, analyze, and report on the follow-up implementation of recommended improvements.

The Internal Audit Unit report to the President Director in terms of :

  1. Evaluating assessment results on adequacy and effectiveness of the Company’s internal control structure and risk management as prescribed in the mission and internal auditor scope of work, so as to assist the decision making process by Management.

  2. Submitting reports on any significant findings related to the control process of the Company and Subsidiaries, including providing recommendations for improvements that may be followed up;

  3. Providing periodic information or reports on the results achieved with the targets set out in the annual audit plan and the adequacy of the number of auditors required in conducting their duties; and

  4. Coordinating with various parties, either internal or external, such as external audits, legal, etc

The Internal Audit holds the authority to :

  1. Access relevant records or information about employees, funds, assets, and other Company resources related to the performance of duties;

  2. Verify and test reliability of information obtained, in relation to the implementation of duties;

  3. Hold regular and incidental meetings with the Board of Directors and the Board of Commissioners through the Audit Committee;

  4. Coordinate its operations with external auditors’ operations; and

  5. Request advice and opinions from third parties or experts if needed in conducting duties.

Structure and Status of Internal Audit Unit

The Internal Audit Unit is an independent inspection team formed by the President Director with the approval of the Board of Commissioners. This unit is led by the Chairperson of the Internal Audit Unit who is responsible directly to the President Director.

Composition of Internal Audit Unit

Composition of the Company’s Internal Audit Unit as follows :

  1. Michael Dwi Marianto (Chairperson)

  2. Johar Ambar Mulyatno (Member)