GOVERNANCE


AUDIT COMMITTEE

In the Company, the Audit Committee serves as an instrument with consultative function on GCG implementation in the field of monitoring and compliance, which takes direct reporting to the Board of Commissioners. In addition, the Audit Committee has an independent role to link the communication between levels, such as the Board of Commissioners, the Board of Directors, Company management, Internal Audit Unit and External Audit in relation to its functions and authority.

 

Independency of Audit Committee

In performing its function, the Audit Committee shall provide autonomous insights and opinion that are not affected by various interests. The provision of autonomous insights and opinion is aimed to generate accountable and reliable reference to be used in the formulation of the Company policy. The evidence of such commitment is realized as the stipulation of the Audit Committee criteria to maintain its independency. The criteria are as follows:

1. Does not have financial relation with the Board of Commissioners and the Board of Directors;

2. Does not own shares or have relation with share owners of the Company;

3. Does not have family relation with members of the Board of Commissioners, the Board of Directors and/or between members of the Audit Committee;

4. Does not serve as member of any Political Party and serve in the Government.

 

Duties and Responsibilities of Audit Committee

The Audit Committee shall be in charge and responsible for providing independent and professional opinions to the Board of Commissioners on any report or matter conveyed by the Board of Directors to the Board of Commissioners for further identification on which report that requires attention from the Board of Commissioners. The duties of the Audit Committee in details are as follows:

  • To discuss year-end Audited Financial Statement draft with External Auditor;
  • To help ACSET management in developing internal control system and effective performance of internal audit;
  • To provide inputs in order to improve annual work plan of internal audit and composing internal audit work program;
  • To provide inputs in order to improve audit implementation conducted by External Auditor;
  • To discuss audit findings and monitor the management follow-up on the recommendations from Internal and External Auditors;
  • To participate in the Company’s effort to implement GCG;
  • To create the Audit Committee’s annual work plan and activity implementation report.
 

Composition of Audit Committee

Pursuant to the provision from Jakarta Stock Exchange No.Kep-305/BEJ/07-2004 dated July 19, 2004, Capital Market Supervisory Board (Bapepam) regulation No. IX.1.5 dated September 24, 2004 and Decision Letter of the Board of Commissioners No. 01/SK/KOM/XI/2013 of PT Acset Indonusa Tbk, an Audit Committee was established to support the Board of Commissioners in performing its duties. The Company’s Audit Committee was established on December 6, 2013, to realize the Company’s commitment in supporting Good Corporate Governance Implementation. The Company’s Audit Committee structure is as follows:

 
Name Position in Audit Committee Position in Company Terms of Office
Tjandrawati Waas Chairman Independent Commisioner 2019-2021
Wiltarsa Halim Member Independent Commissioner 2019-2021
Handy Effendy Halim Member - 2019-2021

1. Tjandrawati Waas

Chairman of Audit Committee

Indonesian Citizen, born in 1955. Obtained a Bachelor Degree of Civil Engineering from Bandung Institute of Technology and Master of Business in Finance Management from Pace University, New York. Appointed as the Chairman of Audit Committee since May 23, 2017.

Previously, served as the Director of PT Patria Maritime Lines and later served as the Director of PT United Tractors Pandu Engineering in 2008-2013. She served in several posts in PT United Tractors Tbk, namely as Corporate Secretary, Legal & Communication Division Head (2007-2008) and Budget & Investor Relations Division Head (2001-2002). She started her career in Astra Group as Electronic Data Processing Trainee in PT Astra International Tbk (1982-1983) and served as Astra Management Development Institute (AMDI) Deputy Head in 1994. After that, she served as Finance & Administration Division Head in Federal Nittan Industries (1998-1999).

2. Wiltarsa Halim

Member of Audit Committee

Indonesian Citizen, born in 1948. Obtained his Bachelor of Engineering (Technical Engineering) from National Technic Academy in 1973. He is appointed as the Member of Audit Committee since May 11, 2019.

Started his career as the manager in PT United Tractors Tbk. Then, he held several strategic positions, among others as Finance and Administration Director of PT Astra Daihatsu Motor (1993-2008), Independent Commissioner of PT Astra Sedaya Finance (2008-2012), Independent Commissioner of PT Federal International Finance (2012-2016), Audit Committee Member of PT United Tractors Tbk (2012-2017) and Audit Committee Member of PT Asuransi Astra Buana (2013-2018). Besides, he also served as Independent Director in PT Acset Indonusa Tbk (2015-2017). Currently, also serves as member of PT Astra Honda Motor Audit Committee since 2008. Besides, he also serves in PT Toyota Astra Financial Services as Head of Audit Committee, Head of Risk Monitoring Committee and Independent Commissioner.

4. Handy Effendy Halim

Member of Audit Committee

Indonesian citizen, born in 1957. He graduated with Bachelor degree in Industrial Engineering from Bandung Institute of Technology in 1983 and also Master in Management from Bina Nusantara Business School in 2007. He is appointed as a member of the Audit Committee of the Company since May 11, 2019.

He currently also serves as a member of Audit Committee of Bintraco Dharma Tbk and PT Bank Permata Tbk. He also served in Dana Pensiun Astra as Chief of Dana Pensiun Astra (DPA) and President Director of DPA Dua (September 2013 – August2016), Director of DPA Dua and Finance Director of DPA Satu and DPA Dua (April 2012 – August 2013), he also served in Group Internal Audit and Risk Management Division of PT Astra International Tbk as a Chief Group Internal Audit and Risk Management (June 2008 – March 2012), Sales Operation Audit Division Head (February 2007 – May 2008) and other positions in PT Astra International Tbk Group since July 1983.

Audit Committee Charter

 
Audit Committee Charter (English)