Internal Audit Unit

  • The Company's Internal Audit Unit was formed based on the Bapepam LK regulation No. IX.I.7 regarding The Establishment and Preparation Guideline of Internal Audit Charter, which was the decision of Bapepam LK Chairman No. KEP-496/BL/2008 dated November 28, 2008, which has been replaced by the Regulation of Financial Services Authority (OJK) No. 56/POJK.04/2015 dated December 23, 2015 on Establishment and Guidelines of Internal Audit Charter.

    Since 2009, the Company has formed Internal Audit Unit and prepared the Internal Audit Charter which was ratified by the Company's Directors and BoC.

    Brief Profile of Head of Internal Audit Unit

    Muratno - Head of Internal Audit Unit

    Indonesian Citizen, 51 years old, graduated from University of Indonesia in 2002. Joined the Company since February 1, 2018 as Head of Internal Audit Unit. Previously in 2005-2008 he was served as Internal Auditor PT Media Televisi indonesia (Metro TV), then as Internal Auditor PT Kanzen Motor Indonesia in 2008-2009 and served as Internal Auditor PT Istana Agro Kencana (Sanken Group) in 2009-2018.

    Structure and Position of Internal Audit Unit Internal Audit

    Unit is led by the Head of Internal Audit Unit which appointed and discharged by the Company's President Director with the approval of the BoC. Head of Internal Audit Unit is responsible to the President Director. In the case of the head of Internal Audit does not qualified as an internal auditor in the Internal Audit Unit and/or the failure or incompetent in performing their duties, the President Director may terminate the Head of Internal Audit Unit, after obtaining the approval from the BoC.

    Job Description and Responsibilities of the Internal Audit Unit

    As follows are the Internal Audit Unit duties and responsibilities as was included in the Company's Internal Audit Charter:

    • Compose and implement the Internal Audit yearly planning;

    • Test and evaluate the implementation of internal control and risk management system in accordance with the Company's policies;

    • Conducted the examination and assessment of the efficiency and effectiveness in finance, accounting, operations, human resources, marketing, information technology and other Company's activities;

    • Provide improvement recommendation and objective information on each evaluated activities for all management level;

    • Prepare the audit report and submitted the report to the President Director and BoC;

    • Monitor, analyze and reported the implementation of recommended corrective actions;

    • In collaboration with the Company's Audit Committee;

    • Compile a program to evaluate quality of audit activities;

    • Conduct a special audit if necessary.

    Internal Audit Unit is responsible for evaluating the effectiveness of internal control system, ensuring all systems and procedures established by the Company have been conducted in accordance with the requirement and on a timely manner. In addition, Internal Audit Unit also ensures the reliability of operational and financial information for management and ensuring compliance with the rules and policies that have been determined by the Company.

    Internal Audit Unit has authority to access all of Company's information that is relevant with its duties and functions; to communicate directly and to have meeting periodically with Directors, BoC and Audit Committee; and to liaise its activities with external auditor.

    During 2022, the activities that have been performed by Internal Audit Unit in the implementation of their duties and responsibilities include the following:

    • Assist the Directors and Audit Committee in the implementation of systems and procedures, rules and policies determined by the Company by review and evaluate each work unit;

    • Test and evaluate the implementation of internal control and risk management systems in accordance with the Company's policies;

    • Evaluate and assess the efficiency and effectiveness in finance, accounting, operations and human resources;

    • Deliver advice and objective information on any activities that have been evaluated;

    • Report audit result during the year 2022 and deliver the report to the President Director and the Committee Audit;

    • Monitor, analyze and report the implementation of the corrective actions that has been suggested from the audit result of the previous year;

    • Preparing internal audit program for the year 2022

    The Internal Audit Training

    During the year 2021, the Internal Audit unit has been attended the training and socialization as follows :


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