The Audit Committee was formed with the aim of assisting the Board of Commissioners in carrying out its supervisory duties and functions on matters related to the quality of financial information, the internal control system, the effectiveness of external and internal auditor audits, the effectiveness of implementing risk management and compliance with applicable laws and regulations.

The Audit Committee is appointed by the Board of Commissioners based on Board of Commissioners Decree No. SK.DK/26/03/01/JAI-2021 dated 26 March 2021 concerning the Dismissal and Appointment of the Chair of the Audit Committee and Members of the Audit Committee of PT Jasa Armada Indonesia Tbk.

Audit Committee Guidelines

The Audit Committee has an Audit Committee charter or charter. The Audit Committee Charter has been determined by the Company’s Board of Commissioners based on SK.DK/26/04/02/JAI-2021. The contents of the Audit Committee Charter are in accordance with applicable regulations and the needs of the Audit Committee. These Audit Committee guidelines will be reviewed periodically in accordance with developments in business activities, organization and the level of risk within the Company that may arise. In addition, updating the Audit Committee Guidelines takes into account the needs of existing Committees in the Company and is in accordance with applicable laws and regulations.

Duties and Responsibilities of The Audit Committee

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 financial information that will be released by the Company to the public and/or authorities, including financial reports, projections and other reports related to the Company’s financial information;
   
2. Reviewing compliance with laws and regulations relating to the Company’s activities;
3. Provide independent opinions in the event of differences of opinion between management and accountants regarding the services provided;
4. Provide recommendations to the Board of Commissioners regarding the appointment of accountants based on independence, scope of assignment, and service fees;
5. Reviewing the implementation of audits by internal auditors and supervising the implementation of follow-up actions by the Board of Directors regarding the internal auditor’s findings;
6. Reviewing complaints related to the Company’s accounting and financial reporting processes;
7. Review and provide advice to the Board of Commissioners regarding potential conflicts of interest of the Company; And
8. Maintain the confidentiality of Company documents, data and information.

Responsibility of the Audit Committee in providing recommendations for the appointment and dismissal of external auditors

The Audit Committee has carried out its responsibilities in relation to providing recommendations for the appointment and dismissal of external auditors, based on the Evaluation Results Report on the Implementation of Auidt Services for Annual Historical Financial Information by Public Accountants and/or Public Accounting Firms, dated June 9 2022. Furthermore, the Committee has provided recommendations Audit in the Appointment of Public Accountants and/or Public Accounting Firms dated 10 June 2022.

Audit Committee Members

Audit Committee Members are as follows: