Internal Audit

Internal Audit Unit is an independent work unit serves to conduct internal audit activities in the Company to provide independent and objective assurance and consultancy related to risk management and internal control system and corporate governance implementation in order to enhance the Company’s operational effectiveness.

Head of Internal Audit Unit is appointed by and reports directly to President Director. The appointment and dismissal of Head of Internal Audit Unit must be through approval of Board of Commissioners and reported to OJK.

Currently, Head of Internal Audit Unit is served by Yulius Ajie, who was appointed based on the Board of Directors’ Decree No. 001/SM/SK.DIR/VII/2019 dated July 31, 2019 and the Board of Commissioners’ Approval Letter No. 001/ SP-DEKOM/VII/2019 dated 30 July 2019.

Profile of Head of Internal Audit Unit
Yulius Ajie Yulius Ajie
Age 38 years old, as of December 31, 2021
Citizenship Indonesia
Domicile Semarang
History of Education
  • Master of Accounting from University of Gadjah Mada, Yogyakarta (2013)
  • Accountant Profession Education, Diponegoro University, Semarang (2008)
  • Bachelor Degree in Economy from Satya Wacana Christian University, Salatiga (2005)
Legal Basis of Appointment Decision of the Board of Directors No. 001/SM/SK.DIR/VII/2019 dated July 31, 2019
Working Experience
  • He started his career as an Auditor in KAP Bayudi Watu & Rekan (2005) and KAP Jimmy Budhi & Rekan (2006).
  • On 2006, he joined PT Indofood Fritolay Makmur until 2012 as Budget & Project Supervisor
  • He joined PT Industri Jamu Dan Farmasi Sido Muncul Tbk on 2012 and appointed as Head of Internal Audit on 31 July 2019.
Competence Development Program He did not participate in any competency program in 2021.
Organization of Internal Audit Unit

In the Company’s organizational structure, Internal Audit Unit is under President Director and is led by Head of Internal Audit Unit.

Internal Audit Charter

Internal Audit Unit has an Internal Audit Charter as a guideline for implementation of its duties. Internal Audit Charter was issued on June 18, 2013 and was last updated on July 23, 2018. Internal Audit Charter regulates the following matters:

  1. Structure and Position
  2. Requirements for internal auditor
  3. Duties and responsibilities
  4. Authorities
  5. Internal Audit Code of Conduct
  6. Audit report accountability
Duties and Responsibilities

Duties and responsibilities of Internal Audit Unit in accordance with Internal Audit Charter are as follows:

  1. Prepare and conduct annual internal audit plan.
  2. Test and evaluate the implementation of internal controls and risk management systems in accordance with the Company’s policies;
  3. Conduct audits and assessments on efficiency in finance, accounting, operations, human resources, information technology and other activities;
  4. Provide suggestions for improvement and objective information about the activities examined at all management levels;
  5. Prepare and submit audit reports to President Director and Board of Commissioners;
  6. Monitor, analyze and report on implementation of the recommended improvements;
  7. Cooperate with Audit Committee;
  8. Develop program to evaluate the quality of the internal audit activities;
  9. Conduct special audit within the scope of internal control assigned by President Director.
Internal Audit Unit Activity Report

In 2021, Internal Audit Unit conducted the following activities:

  • Carried out the annual Internal Audit Plan.
  • Reviewed the effectiveness of the internal control system, risk management system and corporate governance practices, and evaluate the efficiency and effectiveness of the Company’s operations.
  • Submitted and discussed internal audit reports with the Audit Committee, Board of Directors, and senior management.
  • Monitored and ensured proper and timely corrective actions were performed by the management.