As stipulated in the Company's Audit Committee Charter, the Audit Committee have to give their independent opinion to the Board of Commissioners,on reports or information given by the Directors to the Board of Commissioners, and to identify any issues need to be noticed by the Board of Commissioners,which includes:
- To make an annual activity plan to be approved by the Board of Commissioners.
- To review over any financial information prepared by the Company, such as: financial statements, financial projection and others.
- To review the Company's compliance against the Law and regulation in Capital Market and other regulation related to the Company's activities.
- To give recommendation on the enrollment and termination of the internal audit Chief;
- To review the business plan and the internal audit examination as well as evaluate the Internal Audit Charter.
- To review the effectiveness of Company's internal control and giving suggestion during the process of selection for the Company's Accountant.
- To review the Accountant's independency and objectiveness.
- To review the adequacy of the audit conducted by public accountant to ensure all substantial risks have been considered.
- To review and monitor follow up action of audit result from internal and external auditor.
- To report to the Board of Commissioners all risks faced by the Company and implementation of risk management by the Directors.
- To review and report to the Board of Commissioners all complains related to the Company.
- To keep the confidentiality of the Company's documents, data and information.
- To prepare, evaluate and renew the Audit Committee Charter.
As set on the job description above, in 2025 the Company's Audit Committee had held 12 meetings,which were attended by the Chairman and the members.
During 2025, the Audit Committee had done the following activities:
- Reviewing financial information prepared by the Company, which are: Financial Statements for the year 2024; 2025 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 by Heliantono & Partner, the Company's accountant, on their audit for Company's Financial Statements for the year ended 31 December 2024.
- 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 2025.
- 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 2025 and 2024 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.