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The Audit Committee is established to assist the implementation of the Board of Commissioners’ duties and functions in ensuring the quality of financial reports; to supervise the implementation of GCG, accounting principles, and financial reporting processes; to review the qualifications and independence of external auditors; and to ensure the Company complies with the applicable laws and regulations. The Audit Committee is also responsible for ensuring the Company’s effectiveness in internal control and risk management.
The Audit Committee consists of 1 (one) Independent Commissioner as the chairman and 2 (two) independent external party members who meet independence requirements as set out in the Financial Services Authority Regulation No. 55 /POJK.04/2015 dated December 23, 2015, concerning Establishment and Implementation of the Audit Committee. The composition of the Audit Committee as of December 31, 2022, is as follows:
Position | Name |
Chairman | Lindawati Gani |
Member | Dr. Timotius, AK., CA |
Member concurrently Secretary | Herwan, NG |
All members of the Audit Committee are committed to carrying out their duties and responsibilities by upholding GCG principles and being objective, professional, and independent. The Audit Committee will not make decisions under the pressure and intervention of any party and will avoid any potential conflict of interest. Audit Committee members do not have affiliate relationships both in a family and business relationship with members of the Board of Commissioners, Board of Directors, and Major and/or Controlling Shareholders.
The Audit Committee has an Audit Committee Charter as a guideline for its duties and functions. Provisions stipulated in the Audit Committee Charter include
The duties and responsibilities of Audit Committee as stipulated in the Audit Committee Charter include at least:
Audit Committee has the following authorities:
Meeting Policy
Meeting Frequency, Agenda, and Attendance Rate
In 2022, the Audit Committee held eight meetings attended by all Committee members. The committee meeting may invite the Company’s internal parties, including the Board of Commissioners, Board of Directors, or other functions if needed. Dates, meeting agenda, and attendance rate of Committee members are as follows:
Meeting Date | Attendance | Meeting Agenda | Meeting |
January 3 | 3 people | 100% | Sustainability Progress | |
January 8 | 3 people | 100% | Closing meeting of 2021 Financial Statements with Public Accounting Firm (KAP) | |
February 11 | 3 people | 100% | Discussion on Appointment Letter of Public Accountant (AP) and KAP | |
March 1 | 3 people | 100% | Review of selection of KAP and AP for 2022 Financial Statements | |
April 18 | 3 people | 100% |
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July 18 | 3 people | 100% |
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October 14 | 3 people | 100% |
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November 22 | 3 people | 100% | Kickoff meeting with KAP |
Audit Committee performed the following duties and responsibilities referring to Audit Committee Charter, Board of Commissioners directives and the applicable laws and regulations: