The Internal Audit is a supporting organ for the Board of Directors, with primary responsibilities and functions to assist and provide recommendations to management regarding the effectiveness of risk management and internal control measures, ensuring the implementation of best practices in corporate governance. Additionally, Internal Audit oversees the Company’s performance, offers consulting services to management in operational and financial activities, and evaluates the Company's controls and management processes.

Internal Audit also acts as the Third Line of Defense in the Company’s Internal Control and Risk Management System. Accordingly, Internal Audit must actively contribute to continuously enhancing the effectiveness of the Internal Control System. Through its audit findings, Internal Audit is expected to provide assurance that internal controls and the execution of operational, accounting, risk management, and other corporate activities are functioning effectively, safeguarding the interests of the Company and its stakeholders.

Legal Basis

Aligned with its functions and responsibilities, which play a crucial role in operational business effectiveness, Internal Audit must operate independently, professionally, and objectively to enhance value and improve the Company’s operations. The establishment and implementation of Internal Audit adhere to several regulations, including:

1. Law No. 40 of 2007 concerning Limited Liability Companies;
2. Law No. 8 of 1995 concerning Capital Markets;
3. OJK Regulation No. 56/POJK.04/2015 dated December 29, 2015, concerning the Establishment and Guidelines for the Preparation of the Internal Audit Charter.

Internal Audit Charter

The Company has established an Internal Audit Charter, approved by the President Director through the Board of Directors Decree No. AAID/CEO-CORSEC/8-2018/017 dated August 29, 2018. This Charter serves as a guideline for Internal Audit in carried out its authorities, duties, and responsibilities while upholding competency and independence.

 Internal Audit Charter

Head of Internal Audit Profile

The Internal Audit is led by a Head of Internal Audit who is appointed and dismissed by the President Director with the approval of the Board of Commissioners. Structurally, the Head of Internal Audit reports to the President Director, while functionally reporting to the Board of Commissioners or through the Audit Committee.

The Company, through its Board of Directors, has appointed Anggih Surya Birawa as the Head of Internal Audit based on the Board of Directors Decree No. AAID/SK-DU/01-2023/001 dated January 10, 2023. The profile of the Head of Internal Audit is as follows:

Internal Audit Resources

To support their duties and responsibilities, the Internal Audit Division is supported by 3 (three) auditors who play a role in carrying out the internal audit function within the Company. The Internal Audit Division consistently works to ensure that the internal control system is implemented effectively and efficiently by applying control procedures in compliance with applicable laws and regulations.

Internal Audit Professional Certification

As of 31 December 2024, the Company’s Internal Audit Unit had not yet obtained any internal audit professional certifications. However, it remains possible that the Company will encourage the Internal Audit Unit personnel to take internal audit professional certifications in the future.

Implementation of Internal Audit Tasks in 2024

In 2024, the Internal Audit Unit fulfilled its obligations in carrying out its duties and responsibilities by conducting 4 (four) corporate audit assignments and 4 (four) station audit assignments.