The Internal Audit Unit of the Company was established based on Bapepam-LK Regulation No. IX.1.7 regarding the Establishment and Guidelines for the Formulation of the Internal Audit Charter, which was a decree from the Chairman of Bapepam-LK No. Kep-496/BL/2008 dated 28 November 2008.
Since 2011, the Company has established an Internal Audit Unit and formulated an Internal Audit Charter that has been ratified by the Board of Directors of the Company.
Legal Basis for Appointment and Position of Head of Internal Audit
Internal Audit is led by a Head of Internal Audit Unit who is appointed and dismissed by the President Director with the approval of the Board of Commissioners.
Based on the Decree of the Board of Directors Np. 015 / B / SP Dir / BFIE / X / 2016 dated October 26, 2016 and the Decision of the Board of Commissioners No. 014 / B / SP-KOM / BFIE / IX / 2016 dated October 5, 2016, Inwahyudi Wijaya was appointed as Head of Internal Audit Unit replacing Jimmy Atmaja.
He joined the Company in June 2016. Previously he worked as an Internal Auditor at PT MNC Finance (2011- 2013), before joining PT. Sinar Mas Pulp & Paper (2013- 2016). He graduated with a degree in Accounting from the Faculty of Economics, Sekolah Tinggi Ilmu Ekonomi Musi, Palembang.
Internal Audit Work Guidelines
In performing its duties, the Internal Audit Unit is guided by an Internal Audit Charter. Periodically, the Internal Audit Charter is reviewed and refined in accordance with applicable regulatory developments. On October 5, 2016, through Commissioners Decree No. 016 / B / SP-KOM / BFIE / IX / 2016, improvements were made to it in accordance with prevailing Bapepam-LK regulations.
Broadly speaking, the Internal Audit includes:
- Purpose and Objectives
- Vision and Mission
- Positions, Functions, Duties and Responsibilities and Authority
- Audit Policy
- Auditing Standards
- Code of Conduct
- Evaluation and Improvement
Execution of Duties and Responsibilities
As set forth in the Internal Audit Chater, the Internal Auditor has the duty and responsibility, among others, to formulate and implement the Annual Internal Audit Plan, test and evaluate the implementation of the internal control and risk management system in accordance with company policy, and inspect and assess the efficiency and effectiveness in the field of finance, accounting, operations, human resources, marketing, information technology, and other activities.
Structure and Position of the Internal Audit Unit
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