Audit Committee


Board of Commissioners Decree No. AAID/SK-DK/4-2018/001 dated 30 April 2018


Board of Commissioners Decree No. AAID/SK-DK/4-2018/002 dated 30 April 2018


Audit Committee Charter


Legal Basis

The Audit Commitee of the Company is establised by the decree of the Board of Commissioners No. SK Dewan Komisaris 95 A/SK-DEKOM/RMPP/VII/2017 in accordance with the Financial Services Authority (OJK) Regulation No. 55/POJK.04/2015 dated 23 December 2015 on Establishment and Implementation Guidelines of Audit Committee (“POJK 55/2015”).

Audit Commitee Charter

The Audit Committee of the Company has a Committee Charter approved by the Board of Commissioners on 25 January which contains the work guidance of the Audit Committee including the duties and responsibilities and the procurement of the Committee Meetings.

Audit Commitee Profile

Pursuant to the Company’s status transformation to public company as of end of December 2017, the reporting of Audit Committee profile is based on the assignment following the EGMS resolution dated 21 December 2017, which consists of one Chairman and one Member. The second Member is currently under process. The following is the profile details Audit Committee:

Agus Toni Soetirto
60 years
Indonesian Citizen
Chairman of Audit Committee/ Independent Commissioner
Terms of Office 5 (five) years
Appointment Basis Board of Commissioners Decree No. AAID/SK-DK/4-2018/001 dated 30 April 2018
Educational Background As disclosed in Profile of the Board of Commissioners on page 64 of Annual Report
Professional Experience As disclosed in Profile of the Board of Commissioners on page 64 of Annual Report

Avian Widyasmono
49 years
Indonesian Citizen
Member of Audit Committee/ Independent Party
Terms of Office 2 (two) years
Appointment Basis Board of Commissioners Decree No. AAID/SK-DK/4-2018/001 dated 30 April 2018
Educational Background Master of Management (M.M.) in Strategic Management at Prasetya Mulya Indonesia Jakarta 2004-2006
Bachelor Degree in Accounting (S.Ak.) in Accounting at STIE Perbanas – Jakarta 1987-1992
Professional Experience September 2018 – Current: Chief of Financial Officer, PT. Garda Paksi Nusantara.
December 2016 – February 2017: Chief of Financial Officer, PT. Whitesky Aviation.
November 2015 – October 2016: Commissioner, PT. Jabar Rekind Geothermal.
December 2012 – October 2015, PT. Wijaya Karya Jabar Power.
May 2010 – October 2015: President Director, PT Jabar Rekind Geothermal.
June 2011 – December 2012: Director, PT Wijaya Karya Jabar Power.
Aug 2009 – May 2010: Special Staff Finance Director, PT. Geo Dipa Energy.
Feb 2008 – Aug 2009: Director, PT. Rinjani Maritim Transportasi.
Jul 2006 – Mar 2008: Vice President Finance, Infinite Capital.
May 1997 – Jun 2006: Bakrie Group Company.

Independency of Audit Committee

In compliance with POJK 55/2015, members of Audit Committee shall not have any affiliation with members of the Company’s Board of Commissioners, members of the Company’s Board of directors, and the Company’s main shareholders.

  • Review the financial information to be issued to the public and/or the authorities, including financial statements, projection, and other reports relating to financial information of the Company;
  • Review the compliance with laws and regulations related to the activities of the Company;
  • Provide an independent opinion on any dissenting opinions between the management and the Accountant for the provided services;
  • Provide recommendations to the Board of Commissioners on the appointment of Accountant based on the independency, scope of assignment, and fees;
  • Review the implementation of audit by internal auditor and oversee the implementation of follow-up actions by the Board of Directors on the findings of internal auditor;
  • Review the risk management activities conducted by the Board of Directors, if the Company or Public Company does not have a risk monitoring function under the Board of Commissioners;
  • Review complaints relating to accounting and financial reporting processes of the Company or Public Company;
  • Review and advise the Board of Commissioners on potential conflict of interest of the Company;
  • Maintain the confidentiality of documents, data and information of the Company.

Implementation of 2017 Audit Committee Actitivies

  1. Supervision of interim consolidated financial statements and annual consolidated financial statements 2017;
  2. Supervision of the work plan as well as the findings of external auditors; and
  3. Supervision over work plan and Internal Audit reporting results.

Audit Committee Meeting

In 2017 the Audit Committee has note yet conducted any meetings as the Company is established at the end of December 2017.