Internal Audit

GCG Organ

Internal Audit

Internal Audit is one of the supporting organs established by the Board of Directors (BOD) to ensure the independent audit and to prevent intervention from the audited activities or work units. Internal Audit is directly under the president director. The Head of Internal Audit is appointed and dismissed by the president director with the approval of the Board of Commissioners (BOC).

Internal Audit is one of the company’s units that functions as the internal control as mandated by the Law Number 11 of 2003 concerning the State Owned Enterprises (SOE) and Regulation of the Minister of SOE (BUMN) Number PER.01/MBU/2011 of 2011 concerning the Implementation of Good Corporate Governance (GCG) in the SOE, which has been updated by the Regulation of the Minister of State for SOE Number PER-09/MBU/2012, July 6, 2012, concerning the Amendments to the Regulation of the State Minister for SOE Number PER 01/MBU/2011 concerning the Implementation of GCG in SOE.

THE FUNCTIONS OF THE INTERNAL AUDIT

The functions of Internal Audit are as follows:

  • Evaluating the effectiveness of the implementation of internal control, risk management, and corporate governance processes, in accordance with the laws and regulations and the company policies.
  • Examining and assessing the efficiency and effectiveness in finance, operations, human resources, information technology, and other activities.
THE DUTIES AND RESPONSIBILITIES OF THE INTERNAL AUDIT
The duties and responsibilities of the Internal Audit are as follows:
  • Auditing the internal control system regarding the implementation of Good Corporate Governance (GCG) in presenting the assessment based on the applicable regulation and policies.
  • Conducting and contributing to increase effective control by reviewing and evaluating control and compliance in all departments within the company.
  • Coordinating with the Audit Committee by the Head of Internal Audit as long as it is in accordance with the duties and responsibilities of the internal audit.
  • Developing a program to evaluate the quality of the implemented internal audit activities.
  • Performing and reporting the results of the examination to the president director and BOC through the Audit Committee.
  • Carrying out coordination of audit activities and good supervision with other supervisory bodies.