The main duties of the Audit Committee are to encourage the implementation of GCG, establish an adequate internal control structure, improve the quality of financial disclosure and reporting and review the scope, accuracy, independence and objectivity of public accountants. The Audit Committee is responsible to the Board of Commissioners.
The duties and responsibilities of the Audit Committee are as follows: Periodically evaluate and review the Company's Financial Statements based on applicable accounting rules and principles. Supervise and evaluate the implementation of audit activities and results by the Internal Audit Unit. Provide recommendations regarding the internal control process. Conduct a review of the competence and independence of the external auditors as well as the suitability, scope and honorarium of the external audit. Provide an overview of the duties and responsibilities of the Audit Committee for the relevant financial year according to the needs of the external auditor.
The authority of the Audit Committee is to have unrestricted access to records, employees, funds, assets and other Company resources related to their duties.
The Audit Committee is chaired by an Independent Commissioner and two professional members who all come from outside the Company (independent). This is in accordance with the provisions of the Decree of the Chairman of the Capital Market Supervisory Agency No.Kep-29/PM/2004 concerning the Establishment and Guidelines for the Implementation of Audit Committee Work.
Based on the Decree of the Board of Commissioners No.S-009/BOC-SS/VII/2021, the composition of the audit committee members is as follows:
A. Zaenal Abidin, as Chairman
B. Setiawan Kriswanto, as a Member
C. Taufiq Akbar, as a Member