Audit Committee

GCG Organ

Audit Committee

Audit Committee is a supporting organ under the Board of Commissioners (BOC), which is responsible to the BOC with the aim of assisting the BOC in supporting the effectiveness of the implementation of its duties and the supervisory functions on matters relating to financial reports, and the internal and external control systems. The duties of the Audit Committee are stipulated in the Audit Committee Charter. Audit Committee members are appointed and dismissed by the BOC and reported to the GMS.
THE FUNDAMENTAL PRINCIPLE OF THE AUDIT COMMITTEE ESTABLISHMENT
The Audit Committee was established based on the Regulation of the Minister of State for SOE (BUMN) Number Per-01/MBU/2011, August 1, 2011, regarding the Implementation of Good Corporate Governance in SOE and the Minister of SOE Regulation Number Per-12/MBU/2012, August 24, 2012, concerning Supporting Organs for the Board of Commissioners/Supervisory Board of SOE. The duties of the Audit Committee have been stated in the Audit Committee Charter prepared by the BOC of PT IPC Terminal Petikemas since November 1, 2017, which can be evaluated periodically in accordance with the applicable regulations.
THE DUTIES AND RESPONSIBILITIES OF THE AUDIT COMMITTEE

The duties and responsibility of the Audit Committee are as follows :

  • The Audit Committee works collectively in performing its duties to assist the BOC.
  • The Audit Committee provides recommendations to the BOC regarding the appointment of a public accounting firm based on independence, scope of assignment, and fees to be submitted at the GMS.
  • The Audit Committee reviews and reports to the BOC on complaints relating to the company’s accounting and financial reporting processes.
  • The Audit Committee reviews and provides advice to the BOC regarding potential conflicts of interest in the company.
  • The Audit Committee monitors the effective and sustainable implementation of Good Corporate Governance (GCG).
  • Performing other duties relevant to the functions of the Audit Committee at the request of the BOC.