Internal audit is an independent function within an organization aimed at assessing the effectiveness of internal controls, risk management, and compliance with policies and regulations. Internal audit helps the organization ensure that processes and operations run efficiently, adhere to standards, and achieve the set objectives. Additionally, internal audit provides recommendations for improvement to enhance performance and reduce potential risks.

Currently, the Internal Audit Division consists of four staff and headed by Drs. Bosse Gozali.

 

Internal Audit Charter

In order for the Internal Audit Division to carry out its duties and responsibilities in a competent, independent and accountable manner, the Internal Auditor shall based its action on the Internal Audit Charter which has been prepared and approved by the Board of Commissioners on 15 January 2009.

The drafting process of the Internal Audit Charter met Bapepam Regulation No.IX.I.7 on Establishment and Guidelines for Internal Audit Charter.

Internal Audit Charter describes the obligations, duties and responsibilities, as well as authority, relations with other parties as well as the code of conduct that must be followed by the Internal Auditor.
 

Responsibility of Internal Audit Division

  1. Implementing annual work plan
  2. Carry out inspection in accordance with the Company’s internal control system.
  3. Coordinate inspection activities with President Director on the achievement of goals and objectives of the company inspection.
  4. Prepare audit report to be submitted to the President Director and the Board of Commissioners and follow up the findings of the audit results.
  5. Follow up audit findings reported by internal audit section and consolidated with the Audit Committee to ensure that appropriate action has been taken and implemented by management.

 

Internal Audit Performance

Throughout its tenure the Internal Audit Team has conducted operational audits throughout the unit/business units and several subsidiaries, as well as evaluation of the application of risk management in accordance with a predetermined schedule with 100% level of achievement.