Internal Audit

The Company's Internal Audit Unit is responsible for providing an independent assessment of the adequacy and effectiveness of internal control and risk management systems. This is accomplished through regular and thorough audits of all departments, functions, and processes, focusing on high-risk areas that may affect the interests of the Company and its stakeholders.

Internal Audit Charter

The Company has developed and updated the Internal Audit Charter on September 04, 2023, the Internal Audit Charter includes among others:

  • Purpose and Mission
  • Professional Standards
  • Authority
  • Independence and Objectivity
  • Scope of Internal Audit Activities
  • Responsibilities
  • Quality Assurance and Improvement Program

Structure and Position of Internal Audit Unit

Structurally, Internal Audit is independent from all business units of the Company, and reports directly to the President Director and the Audit Committee. The Internal Audit Unit is led by a Head of Internal Audit, who is appointed and dismissed by the President Director, in accordance with the Circular Letter on the Appointment of the Head of Internal Audit and with the approval of the Board of Commissioners.

Duties and Responsibilities

The main responsibility of Internal Audit is to provide an independent opinion on the internal control system and risk management system implemented by the Company in conducting its business activities; and provide advice and recommendations relating to the improvement of the internal control system and risk management system.

The main responsibilities of Internal Audit are:

  • Create and implement the Annual Internal Audit Work Plan
  • Verify and evaluate the implementation of the internal control system and risk management system in accordance with the Company's regulations.
  • Provide recommendations and opinions for the improvement of each business process in all lines of management.
  • Prepare a report on audit findings and provide the report to the President Director and Audit Committee.
  • Supervise, analyze and report on the implementation of improvements to internal control functions agreed upon by management;
  • Conduct special audits as required

Internal Audit Profile

Muhammad Rusly Prasetyo

Head of Internal Audit

36 years old
Indonesian citizen

Joined the Company in 2023 with more than 13 years of experience in Operational Audit and Financial Audit Services. Prior to joining the Company, he was Head of Internal Audit of PT Sepatu Bata Tbk. Started his career as an Auditor (2010-2013) at BDO Indonesia and KPMG Indonesia. He has joined PT Meratus Line (2013-2014) as Accounting Coordinator; PT Astra International Tbk with positions as Senior Internal Audit (2014-2018) and Senior Risk Management Analyst (2016-2018); AIA Indonesia as Internal Audit Manager (2018-2019); and PT Erajaya Swasembada Tbk as Department Head of Internal Audit and Risk Advisory (2019-2023).

He obtained his Bachelor of Accounting degree from Universitas Persada Indonesia 'YAI' in 2009 and graduated Accountant Profession Education or PPAk from Indonesia Business Institute in 2010.