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Internal Audit
Internal Audit

Internal Audit & Internal Control

Internal Audit Unit (UAI) is a work unit in the Company that performs internal audit function. The internal audit function is focused on:

  1. Ensure that the business process has been conducted in an orderly and obedient.
  2. Ensure continuous improvement on existing business processes.
  3. Secure all assets owned by the Company.
  4. Ensure that the various risks that may affect the Companys performance can be identified and get the right solution.

In performing its activities based on Internal Audit Charter arranged with reference to Bapepam-LK No. IX.I.7 Attachment Decision of the Chairman of Bapepam-LK No. Kep-496/BL/2008 on the Establishment and Guidelines of Internal Audit Charter.

Internal Audit Unit of the Company headed by Mr. Dharma Suryadi. To support the performance of Internal Audit Unit, the members have the technical expertise on audit and understand the capital market regulations and other relevant regulations. Internal Audit Unit also has complied with professional standards issued by the Association of Internal Audit.

                                                  

Internal Audit Charter

PT Polychem Indonesia Tbk.

 

1.  The Objective of Internal Audit:

Provide assurance and consulting independent and objective to provide added value and improve the operational of the company in achieving its objectives through a systematic approach to evaluating and improving the effectiveness of risk management, control and corporate governance.

2.  Structure and Position Internal Audit Unit:

  1. The Internal Audit Unit is led by a Head of the Internal Audit Unit.
  2. Head of Internal Audit is appointed and dismissed by the President Director with the approval of the Board of Commissioners.
  3. President Director can dismiss Head of Internal Audit Unit, after obtaining the approval of the Board of Commissioners, if the Head of Internal Audit Unit does not qualify as an auditor of internal audit unit as set forth in this regulation or fails or is not capable to run the task
  4. Head of Internal Audit Unit is responsible to the President Director.
  5. Auditors who sit in the Internal Audit Unit are directly responsible to the Head of Internal Audit Unit.

3.  The Duties and Responsibilities of the Internal Audit Unit:

  1. Develop and implement an Annual Internal Audit Plan.
  2. Test and evaluate the implementation of the Internal Control and risk management systems in accordance with company policy.
  3. Perform inspection and assessment of the efficiency and effectiveness in Finance, Accounting, operations, Human Resources, Marketing, Information Technology and other activities.
  4. Provide suggestions for improvements and information on audited activities at all levels of management.
  5. Make an audit report and submit the report to the President Director and Board of Commissioners.
  6. Monitor, analyze and report on implementation of the improvements that have been suggested.
  7. Cooperate with the Audit Committee.
  8. Develop a program to evaluate the quality of internal audit activities are done.
  9. Perform special audit when necessary.

4.   The authority of the Internal Audit Unit:

  1. Access all relevant information about the company related to the duties and functions of Internal Audit.
  2. Communicate directly with the Board of Directors, or the Board of Commissioners and the Audit Committee.
  3. Hold regular meetings and incidental to the Board of Directors, or the Board of Commissioners and the Audit Committee.
  4. Coordinate its activities with the activities of the external auditors.

5.   Ethic Codes of Internal Audit Unit: 

  1. Integrity: Internal auditors should have the integrity to be able to express opinions which honest and wise that can be used as a basis for confidence in the decisions or judgments made.
  2. Objectivity: The auditor should be able shown professional objectivity in gathering, evaluating and reporting on the information that obtained in the done examination is based on facts or evidence which may accountable, and not influenced by personal interests or the interests of others in making a decision.
  3. Secrecy: Internal Auditor appreciates value and ownership of information that they receive and do not disclose information without authorized consent, unless required to do so by demands of law or profession.
  4. Competence: Internal Auditors must have the knowledge, expertise and experience necessary to perform their duties. And they should improve the expertise, quality in the execution of their duties.

6.   Requirements of Auditors who sit in the Internal Audit Unit:

  1. Have integrity and professional behavior, independent, honest and objective in the discharge of their duties.
  2. Have the technical knowledge and experience regarding the audit and other relevant disciplines in their respective sectors.
  3. Having knowledge of the laws and regulations in the field of capital markets and other related legislations.
  4. Have the skills to interact and communicate both verbally and in writing effectively.
  5. Shall comply with professional standards issued by the Association of Internal Audit.
  6. Shall comply with the Ethic Codes of Internal Audit.
  7. Shall maintain the confidentiality of information and or corporate data relating to the duties and responsibilities of the Internal Audit unless required by legislation or determination/decision of the court.
  8. Understand the principles of good corporate governance and risk management.
  9. Increase the knowledge, expertise and professionalism ability continuously.

7.   Others

  1. Auditors who sit in the Internal Audit Unit is not allowed or prohibited performing double position and assignment of operational implementation of the company both in company and subsidiaries.
  2. Every appointment, replacement or dismissal of the Head of Internal Audit Unit immediately notified to the Bapepam & LK.