Audit Committee

To support the work of the Board of Commissioners, the Audit Committee was established, consisting of three (3) persons headed by an Independent Commissioner. The roles of the Audit Committee is to assist the Board of Commissioners in carrying out their duties by providing professional opinion to the Board of Commissioners on reports submitted by the Board Directors to the Board of Commissioners.

The Audit Committee was formed on 29 May 2012 by the Decree of the Board of Commissioners number 002/KEP/ BOC/V/2012. The Audit Committee currently consists of Lukman Hadikusumo (Independent Commissioner) as Chairman, Erry Firmansyah as member and Drs. Muhammad Noer Qomari as member.

According to OJK rules, Audit Committee held at least 4 meetings attended by all its members. Based on the evaluation, the Audit Committee evaluated that the Company’s management has continuously implemented corporate governance that was accountable, transparent and responsible, also, the financial statements presented have followed the relevant accounting principles.

Some of the things that have been conducted by the Audit Committee are: Assisted the Board of Commissioners in evaluating and establishing the Public Company Accounting Firm Reviewed the Financial Statements to ensure the standard and the applicable financial/accounting principles are met Performed review of the effectiveness of the audit conducted by public accountants Reviewed the Company’s level of compliance to rules and regulations in the capital market as well as other legislations.