The Audit Committee is part of an internal monitoring system consisting of independent parties from outside the Company and with a minimum expertise in accounting and finance. In carrying out their duties that stipulated in Financial Services Authority Regulation Number 55/POJK.04/2015 concerning the Establishment and Work Guidelines of the Audit Committee (POJK 55/2015), the Audit Committee is directly responsible to the Board of Commissioners, both through reports and meetings.
Term of Office of the Audit Committee’s Members
Pursuant to the provision of POJK 55/2015 and the Company’s Articles of Association, the term of office of the Audit Committee is 1 (one) period and can be extended for 1 (one) additional period, provided that such term of office does not exceed the term of office of the Board of Commissioners.
Independence of the Audit Committee
Each member of the Audit Committee is an external party of the Company that does not have financial, family, business and any form of affiliation with members of the Board of Commissioners, Directors and/or shareholders of the Company, and does not have a business related to the Company’s business.
Meeting of the Audit Committee
The Audit Committee must hold at least 1 (one) meeting in a month to evaluate audit implementation.
Audit Committee Charter
In carrying out its duties, the Audit Committee has a work guideline or charter containing functions and objectives, structure, duties and responsibilities, authority, tenure and membership, meetings, and reporting as has been adjusted to POJK 55/2015.
