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Audit Committee
Audit Committee

The Audit Committee is established by the Board of Commissioners based on  the Regulation of the Financial Services Authority ( OJK ) No. 55 / POJK.04 / 2015 about the establishment and Implementation of the guidelines for the tasks of the Audit Committee,  as well as referring to the decision Letter of the Board of Commissioners of PT Polychem Indonesia Tbk. No. CSE-BOC / 001 / VI / 2016 dated June 20, 2016 regarding the appointment of the Chairman and the members of the Audit Committee

Audit Committee PT. Polychem Indonesia Tbk. is made up of 3 members, chaired by an Independent Commissioner and assisted by 2 members from outside the company who have appropriate qualifications based on their experience and educational background in accounting and finance.

Audit Committee consists of:

  1. Bambang Husodo – Chairman
  2. Lieta Irawaty Sumantri – Member  
  3. Christina Tanuwidjaja – Member

 

Duties and Responsibilities

Assist the Board of Commissioners in carrying out its supervisory role by providing professional and independent information and recommendations as stated in the Company`s Audit Committee Charter with regards to the following:

 

  1. Provide an independent professional opinion to the Board of Commissioners on the Financial Statements or matters submitted by the Board of Directors to the Board of Commissioners.
  2. Identify matters that require the attention of the Board of Commissioners, such as: Examine theAdequacy of  the review performed by the Public Accountant to ensure it is known and discovered things that can affect  to business activities and Effectiveness the company`s of internal control.
  3. Reporting the  various risks faced by the company to Board of Commissioners.
  4. Review and report on complaints received and faced by the company  to the Board of Commissioners
  5. Reviewing the company`s compliance with prevailing laws and regulations
  6. Safeguard the confidentiality of Company`s data, documents and information

 

The Audit Committee is responsible for the results of its duties to the Board of Commissioners by submitting the Task Implementation Report

The several activities and / or execution of tasks successfully implemented throughout 2017 include the following:

 

  1. Meeting with the Internal Audit that discusses about the result or implementation of the function of the Independent work unit in company. With regular meetings and discussions that have been done, expected to produce more maximize results of work and improve the staff ability which ultimately is able to deliver to provide support/suggestions for other work units in carrying out routine activities.
  2. Following the initial meeting with KAP Satrio Bing Eny & Partners to discuss and get an explanation  related to the audit plan and schedule as well as the target of completion / acceptance of inspection report. At the next meeting, in addition to the discussion on the results of the audit on the Company`s Financial Statements ended on 31 December 2017, a review of the adequacy of the examination has been conducted and ensured that the Company`s Financial Statements have been fairly presented in all material respects and records have been made in accordance with the principles accounting is generally accepted.

 

Audit Committee Meeting 2018

In the year of 2018,  Audit Committee has been conducted 6 ( Six ) times meetings. Based on the Audit Committee Charter, the Audit Committee meets at least once every 3 (three) months or held at least 4 quarterly meetings in one year, thus the audit committee meeting is fulfilled.