The establishment of the Audit Committee and the Audit Committee Charter that provides a guideline for conducting its duties and functions, was based on OJK Regulation No. 55/POJK.04/2015 on the Establishment and Guidelines for Audit Committee’s Duties, through the Audit Committee Establishment Letter No. 089/NFC/SK.DK/XII/24 dated 06 December 2024 on the Appointment of the Chairperson and Members of the Audit Committee.

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Audit Committee Membership

The Audit Committee composition as of the end of 2024 was as follows:
Siska Pratiwi (Independent Commissioner) - Chairperson
Anita Theressia - Member
Ni Nyoman Diana Purnama Sari - Member

All current members of the Audit Committee were appointed in 2024, for a term of office of five years, until 2029. The term of office of any member of the Audit Committee shall not exceed their term of office as a member of the BOC.

Audit Committee Duties and Responsibilities

The duties, authorities, and responsibilities of the Audit Committee as stated in the OJK Regulation No. 55/POJK.04/2015 are as follows:
1. Reviewing the Company’s financial information to be issued to the public and/or authorities regarding the financial statements, projections, and other reports related to the Company’s financial information.

2. Reviewing the Company’s compliance with prevailing regulations related to the Company’s activities.
3. Providing an independent opinion in the case of a difference of opinion between the Management and the Accountant for services rendered.
4. Providing recommendations to the BOC regarding the appointment of Accountant to be based on the independence, scope of work, and fee.
5. Reviewing the implementation of audit by the internal auditor and observing the follow-up measures by the BOD on all internal auditor’s findings.
6. Reviewing the risk management activities conducted by the BOD, if the Company does not have any risk monitoring activity under the BOC.

7. Reviewing the complaints related to the accounting and financial reporting processes of the Company.
8. Reviewing and providing recommendations to the BOC related to any potential conflict of interest.
9. Maintaining the confidentiality of documents, data, and information of the Company.

 

The Audit Committee conducted the duties, executed the authority and responsibilities as stated in the above OJK Regulation.
In conducting its duties, the Audit Committee retains the following authority:
1. Access the documents, data, and information of the Company regarding its employees, funds, assets, and resources needed.
2. Communicate directly with the employees, including the BOD and the party conducting the internal audit, risk management, and accounting functions related to the Audit Committee’s duties and responsibilities.
3. Involve independent parties outside of the Audit Committee needed to assist its duties (if necessary).
4. Execute the other types of authority bestowed by the BOC.