Audit Committee
  • The Company's Audit Committee was formed with the primary objective to assist the BoC in carrying out their duties and responsibilities in supervisory of the financial reporting process, internal control system, the audit process, GCG implementation and monitoring the Company compliance to the laws and regulations. 

    The Company has established an Audit Committee since December 2001, by referring to regulations of the Capital Market Supervisory Agency and Financial Institution (Bapepam LK) No. IX.I.5 on the Establishment of Standards and Procedures of the Audit Committee.


    Brief Profile of the Company's Audit Committee

    The composition of the Company's Audit Committee as per December 31, 2016. for the period of 2016-2021 are as follows:
    Chairman : Erwin Sudjono (Independent Commissioner)
    Members : Anwar Setya Budi
    Members : Kohin Djunaedi


    Letjen. TNI (Purn.) Erwin Sudjono, S.H.
    Chairman of Audit Committee

    Indonesian citizen, aged 67 years old, is a Master of Law degree holder from Sekolah Tinggi Hukum Militer. Continuing his education at Akademi Angkatan Bersenjata Republik Indonesia (AKABRI) Infantry Corps in 1975 and attended some other military education both domestic and overseas. Based on the decision of the GSM dated June 2, 2010, as stated in the Notary Deed No. 6 of Benny Kristianto S.H., he was appointed as Independent Commissioner of PT Unggul Indah Cahaya Tbk. in 2010. Then based on the decision of the GSM dated June 4, 2013, He was also appointed as the Company's President Commissioner for a period of 2013-2016.

    Based on the decision of the GSM dated June 2, 2016, as stated in the Notary Deed No. 9 of Dr. Ir. Yohanes Wilion, SH., SE., MM and as approved by the Ministry of Justice and Human Rights in its Decree No. AHUAH.01.03-0060814, dated June 24, 2016, He was reappointed as the Company's President Commissioner and also as Independent Commissioner for a period of 2016 to 2021. And based on the Decision Letter of Board of Commissioner, No.007/SKD/UIC/HRD/6/16 dated June 2, 2016 he was appointed as the Company's Chief of Committee Audit. Mr. Erwin Sudjono has no affiliated relationship with any members of the Company's Board of Commissioners, Directors and Shareholders.


    Anwar Setya Budi
    Member of Audit Committee

    Indonesian citizen, aged 51 years old, obtained his Bachelor of Economics-Accounting degree from Trisakti University. Worked as an auditor at the Public Accountant Firm Prasetio, Utomo & Co. since 1990. In 2003 he established a public accounting firm and currently serves as Managing Partner of Public Accounting Firm Anwar, Sugiharto & Partners. Joined PT Unggul Indah Cahaya Tbk as a Member of the Audit Committee in 2015. Based on the Decision Letter of Board of Commissioner No.007/SKDK.UIC/HR/6/16 dated June 2, 2016, he was reappointed as the Company's member of Committee Audit for period 2016-2021.


    Kohin Djunaedi
    Member of Audit Committee

    Indonesian citizen, aged 51 years old, he obtained his Bachelor of Economics Accounting degree from Trisakti University. Experience working as an Internal Auditor
    in the Astra Group and PT Indocement in 1990-1994, as Chief Accountant of PT Wilson Tunggal Perkasa's in 1994-1997, as IT Application Consultant at PT IFCA Consultant and PT Global Teknindo Infotama in 1997-2001, as Senior Accounting Manager at PT Silkar National Ltd. in 2001-2011, most recently as Finance & Accounting Manager at PT CSL Indonesia in 2011-2012. Worked as an Independent Finance & Tax Consultant in 2012-2016. Currently, he serve as Accounting Service & Tax manager at PT Bina Utama Konsultama. Joined PT Unggul Indah Cahaya Tbk as a Member of the Audit Committee in 2015. Based on the Decision Letter of Board of Commissioner No. 007/SKDK.UIC/HR/6/16 dated June 2, 2016, he was reappointed as the Company's member of Committee Audit for period 2016-2021.


    Disclosure of Audit Committee Independence

    In accordance with the regulation of Financial Services Authority (OJK) No.55/POJK.04/2015 dated December 23, 2015 on the Establishment and Implementation Guidance of the Audit Committee and the Decision of the Directors of Jakarta Stock Exchange No.Kep-0001/BEI/01/2014 dated January 20, 2014, the Company's audit committee revealed that:

    • Not a person in a public accounting firm, law firm, public appraisal service or any other parties that provides the service assurance, service non-assurance, appraisal and/or other services consultation to the Company within last six (6) month;
    • Not a person working or has authority and responsibility for planning, directing, controlling and supervising the activities of the Company within last six (6) months prior being appointed by the Commissioner, except for the Independent Commissioner;
    • Have no shares of the Company either directly or indirectly;
    • In case of the Audit Committee members obtain the Company's shares either directly or indirectly due to a legal case, those shares shall be transferred to the other party within a period of 6 (six) months after obtaining the shares;
    • Have no affiliated relationship with the members of BoC, Directors or Major Shareholder of the Company;
    • Have no business relationship either directly or indirectly which related to the Company's business.


    The Audit Committee Meeting Policy

    The Company's policy regarding the Audit Committee meeting is implemented in accordance to the Regulation of Financial Services Authority (OJK) No. 55/POJK.04/2015 on the Establishment and Implementation Guidelines for Audit Committee Work, which state that:

    • The Audit Committee should hold a regular meetings at least once every 3 (three) months;
    • The Audit Committee meetings can be held if attended by 1/2 (one half ) of the number of Audit Committee members;
    • Audit Committee meeting decision is taken based on consensus agreement;
    • Each of Audit Committee meeting should be stated in the minutes of the meeting, including if there is a difference of opinion and signed by all present members of the Audit Committee and submitted to the BoC.

    During the year 2016, the Audit Committee has held 4 (four) times formal meetings, If necessary, the Audit Committee invited management and/or Internal Audit Unit to attend the Audit Committee meeting to provide explanations.


    The Audit Committee's Brief Report 2017:

    a. The Audit Committee has been reviewed the 2017 interim financial statements that published on newspaper and also the consolidated financial statements for the year
    ended December 31, 2016, and based on our review, the financial statements have been compiled and presented in conformity with the Generally Accepted Accounting Principles in Indonesia and regulation of OJK. The Committee Audit evaluation report of the Company's financial statement as per December 31, 2017 has been reported to OJK on October 2, 2017 with letter No.01203/0917/UIC-CS;

    b. The Audit Committee has been reviewed the Company's adherence to the Capital Market Regulations and other prevailing regulations that govern its business activities. And based on our review, in 2017 the Company has complied with all Capital Market law and regulation and other legislation.

    c. In relation with the internal control of the Company, we have conducted meetings with Internal Auditor in order to provide advice and feedback regarding the work plan of the Internal Audit unit either already and will be implemented in 2017 to the Company and the subsidiaries of the Company. We also have conducted meetings with the Company's external auditor to review and discuss the findings of their audit results.

    d. The Audit Committee has been reviewed the in-dependency, objectivity and honorarium of Public Accountant Purwantono, Sungkoro & Surja, which execute audit to the Company's financial report as per December 31, 2017, that appointed by the Directors in accordance with the authority given by the Shareholders to the Directors in the Annual GSM on May 23, 2017;

    e. The Committee Audit has been evaluated on the whole compensation package for the BoC and Directors during the financial year 2017, and based on our evaluation, it is in accordance with the decision on the Annual GSM held on May 23, 2017;


    Conclusion:
    Based on the Audit Committee reviews, we concluded that during the financial year 2017 the Company's management has conducted the Good Corporate Governance (GCG) and there was no significant issue that need to be reported in the Annual Report 2017 PT Unggul Indah Cahaya Tbk.


    -j
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