As set on the job description above, in 2022 the Company's Audit Committee had held 12 meetings, which were attended by the Chairman and the members.
During 2022, the Audit Committee had done the following activities:
- Reviewing financial information prepared by the Company, which are : Financial Statements for the year 2021; 2022 quarterly financial reports; consist of Quarter I; Quarter II and Quarter III.
- To review the Business Plan and the Financial Projection prepared by the Management in conjunction with the financing facilities obtained by the Company.
- To review the level of objectivity and the independency and audit adequacy conducted byTeramihardja, Pradhono & Chandra, the Company's accountant, on their audit for Company's Financial Statements for the year ended 31 December 2021.
- To review the effectiveness of the Company's internal control and give advice for further improvement of the system and to also improve the internal audit performance.
- To evaluate the obedience against any Law and regulation regarding the Company's work plan and business activities during 2022.
- To conduct the Audit Committee's meetings and meetings with the Board of Commissioners and the Directors as scheduled.
In carrying out its duties and responsibilities, the Audit Committee has carried out various activities, including providing input and findings that were presented at a meeting with members of the Board of Commissioners and the Directors. The Audit Committee has well supported the implementation of the duties of the Directors and Board of Commissioners.
During 2022 and 2021 the education and training that have been followed include non-formal training such as attending seminars and socializing the rules held by related institutions. The Chairman of the Audit Committee and its members come from independent parties and are not affiliated either with the Board of Commissioners, the Directors and the Company's shareholders.