Audit Commitee

  • The Audit Committee is a Supporting organ in charge of supervising the management of IPC in accordance with the principles of Good Corporate Governance (GCG). The Audit Committee is a Supporting Organ under the Board of Commissioners. This committee was formed to assist the Board of Commissioners in supervising the management of IPC in accordance with the principles of Good Corporate Governance (GCG). Members of the Audit Committee are appointed and dismissed by the Board of Commissioners and reported to the GMS.

    Basis for Establishing the Audit Committee

    The establishment of the Audit Committee refers to the regulation of the Financial Services Authority (OJK) No.55/POJK.04/2015 dated December 23, 2015 and the US SEC Exchange Act 10A-3 regulations as well as the fulfillment of the principles of Good Corporate Governance (GCG) and the Decree of the Board of Commissioners of PT Jasa Armada Indonesia Tbk Number: SK.DK/26/03/01/JAI-2021 concerning the Dismissal and Appointment of the Chairman and Members of the Audit Committee.

    Audit Committee’s Duties and Responsibilities

    The implementation of the Audit Committee’s Duties refers to the Audit Committee Guidelines. The duties of the Audit Committee as stated in the Audit Committee Guidelines are as follows:

    1. Reviewing the financial information to be issued by the Company to the public and/or authorities, including finan- cial statements, projections, and other reports related to the Company’s financial information;
    2. Reviewing the Company’s compliance with laws and re- gulations relating to the Company’s activities;
    3. Providing an independent opinion in the event of dis- agreements between management and accountants over the services rendered.
    4. Providing recommendations to the Board of Commissioners on the appointment of accountants based on the inde- pendence, scope of the assignment, and audit fee;
    5. Reviewing the implementation of inspections by the internal auditor and supervising the implementation of the follow- up by the Board of Directors on internal auditor findings;
    6. Reviewing complaints related to accounting processes and the Company’s financial reporting
    7. Providing opinions and advice to the Board of Commissioners for consideration in granting approval on the appointment and dismissal of the Head of Internal Audit;
    8. Reviewing and providing advice to the Board of Com- missioners related to potential conflicts of interest of the Company; and
    9. Maintaining the confidentiality of the Company’s docu- ments, data, and information.