The establishment of the Audit Committee, along with the Audit Committee Charter that serves as a guideline for conducting the Audit Committee’s duties and functions, is in accordance with POJK No. 55/POJK.04/2015 on Establishment and Working Guidelines for an Audit Committee.
The establishment of the Audit Committee was based on the Decree of the Company’s BOC Meeting No. 002/MCI/SKDK/ I-VIII/17 on 16 August 2017. And there was a change in the composition of the Company’s Audit Committee membership as of March 1, 2018 based on the statement of the Board of Commissioners of the Company No. 005/MCI/CORP/E-III/18.
Audit Committee Membership
The Audit Committee’s composition as of end-2018 was as follows:
1. Himawan Leenardo (Independent Commissioner) – Chairman
2. Sari Damayanti – Member
3. Karlina – Member
All current members of the Audit Committee were appointed in 2017, for a term of office of five years, to serve until 2022. Except for Mrs. Karlina who was appointed to replace Mrs. Inda Ayu Susanti in accordance with the statement of the Board of Commissioners of the Company No. 005/MCI/CORP/E-III/18. 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 Company’s Audit Committee has the duties and responsibilities to:
a. Examine all financial information to be published by the Company for the publ ic and/or the authorities, among others in the form of financial statements, financial projections, and other reports related to the Company’s finances.
b. Examine compliance with prevailing regulations related to the Company’s business activities.
c. Provide an independent opinion should there be a discrepancy of opinion between the Management and the Accountant on
services rendered by the latter.
d. Provide a recommendation to the BOC on the appointment of an Accountant, based on independence, scope of work, assignment and fee.
e. Examine the implementation of the audit by internal auditors and supervise follow-up measures implemented by the BOD
for each finding of the internal auditors.
f. Examine the risk management activities performed by the BOD, if the Company does not yet have a risk monitoring function under the BOC.
g. Examine any grievances related to the financial accounting and reporting processes of the Company.
h. Examine and provide advice to the BOC related to any potential conflict of interest in the Company.
i. Maintain the confidentiality of documents, data and information belonging to the Company.
In conducting these duties, the Audit Committee has the authority to:
a. Access documents, data and information belonging to the Company, which are related to Company employees, funds, and assets.
b. Directly engage with Company employees, including the BOD and the parties responsible for conducting internal audit and risk management functions, as well as the accountant, in relation to the duties and responsibilities of the Audit Committee.
c. Involve independent parties outside of the Audit Committee, when required, to assist in the execution of its duties (if necessary).
d. Perform any other authority vested to it by the BOC.
All committee members, both current and former, must maintain the confidentiality of the documents, data, and information belonging to the Company obtained from both internal and external parties while they are or were in office as committee members, and may only use such confidential information in the interest of executing their duties.
Audit Committee Independence
The Audit Committee carries out its duties and responsibilities in accordance with the Audit Committee Charter by upholding the principle of independence. All members of the Audit Committee hail from external and independent parties who have no relationships whatsoever with the shareholders, members of the Board of Commissioners or the Board of Directors of the Company. In addition, the Audit Committee is also chaired by an Independent Commissioner.
Audit Committee Meetings
The Audit Committee is required to conduct an Audit Committee meeting at least once every 3 (three) months. In 2018 the Audit Committee conducted 4 meetings.
Audit Committee Members’ Profiles
His profile is presented in the BOC Profile section.
Indonesian citizen, domiciled in Jakarta. Born in 1992. Appointed as a member of the Company’s Audit Committee in 2018. Previously
worked at Omega Group as Finance & Accounting (2013–2018). Graduated with a Diploma degree in Administration Management
from Bina Sarana Informatika in 2013.
Indonesian citizen, domiciled in Jakarta. Born in 1984. Appointed as a member of the Company’s Audit Committee in 2018. Currently working at PT Mitra Cipta Teknologi as Finance Administration Staff, beginning in 2015. Previously worked at PT Tanganmas Decorindo as Administration Staff (2007–2008), at PT Hasilindo Cemerlang as Administration Staff (2008–2010), at PT Mitra Komunikasi Nusantara as Finance Administration Staff (2013– 2014), and at PT Ekosistem Telekomunikasi Indonesia as Finance Administration Staff (2014–2015). Graduated with a Diploma 3 degree from the Faculty of Computer Science, Department of Information Systems, Bina Nusantara University.
*Source : PT M Cash Integrasi Tbk. Annual Report 2018