Audit Committee Work Guidelines

Intiland set up an Audit Committee in 2002 under the Decree of the Board of Commissioners no. SK-01/DIL-KoM/CS/Mei 2002

Audit Committee
Intiland set up an Audit Committee in 2002 under the Decree of the Board of Commissioners no. SK-01/DIL-KoM/CS/Mei 2002 and in accordance with Bapepam-LK regulation No. IX.I.5 attachment No. Kep-29/PM/2004 which revised by Kep-643/ BL/2012 and Indonesia Stock Exhange regulation no. Kep-305/ BEJ/07- 2004.
The Audit Committee assists the Board of Commissioners and the Board of Directors in executing their duties and responsibilities that relate to business risk management, internal control and the implementation of the Company’s code of conduct.
The Audit Committee is also advised to give suggestions to the Board of Commissioners in regards to the annual business focus.
The Audit Committee’s primary task is to ensure that the Company implements business risk management and internal control properly and effectively.

Duties and Responsibilities of the Audit Committee
The Audit Committee Charter approved by the Board of Commissioners dated April 28, 2003 enlisted the details of the Audit Committee's duties and responsibilities.
In performing its duties, the Audit Committee includes the following:

  1. Reviewing all financial information submitted by the Board of Directors.
  2. Reviewing the work and findings of the internal auditor.
  3. Reviewing the independency and objectivity of the public accounting firm proposed by the Board of Directors, including the audit cost and the audit scope of work. The audit committee should also review the result of the final report from the Company.
  4. Reviewing the Company’s compliance with the prevailing laws and regulations.

Audit Committee Independence
Referring to the Audit Committee Charter, the Company’s Audit Committee comprises minimum of three members. Independent commissioner serves as Chairman of the Audit Committee. The Board of Commissioners appoints two independent external parties as members. The board can determine whether or not to add the number of the Audit Committee’s members.
All members of Audit Committee have no affiliation with the Board of Commissioners and Directors.