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GOOD CORPORATE GOVERNANCE
Internal Audit Unit
With reference to Regulation No. IX.I.7 and Financial Service Authority Regulation No. 56/POJK.04/2015 regarding the Establishment and Guidelines for the Formulation of Internal Audit Unit, the Company established and Internal Audit Unit on 7th December 2009. The Internal Audit Unit was established to improve the efficiency and effectiveness of the Company’s operations, including risk management governance. The Internal Audit Unit is neutral and operates independently from other business activities of the Company.
Stipulated in the Internal Audit Unit Charter, duties and responsibilities of the Internal Audit Unit include, among others, the development and execution of the Annual Internal Audit Plan – as well as the testing, evaluation and implementation of internal control and risk management system. The Internal Audit Unit also conducts evaluation and assessment of various key corporate functions including finance, accounting, operations, human capital, marketing and information technology. Another responsibility of the Audit Internal Unit is to conduct Investigative Auditing if deemed necessary to protect the Company’s interest.
The Internal Audit Unit monitors, analyse and reports the Follow-Up Auditing process to ensure that all internal audit findings and related recommendations are properly addressed. The Unit directly reports to the President Director on its responsibilities, the Internal Audit Unit works closely with the Audit Committee.
Independency, integrity, honesty and objectivity, as well as the quality of audit implementation are always upheld based on Code of Ethics by the Internal Auditor. All audit results are submitted to the organizational unit to be evaluated – as well as the President Director and Board of Commissioners.
Profile of the Head of Internal Audit Unit
Trisnowibowo
Indonesian citizen, born in 1959 (64 years old), Mr. Trisnowibowo is currently an Internal Auditor for MAP. Prior to joining MAP, Mr. Trisnowibowo held executive positions at PT Dipasena Citra Darmaja (2000 – 2004), Indonesian Financial and Development Supervisory Agency (1983 – 2000) and Department of Finance – Directorate General for State Financial Monitoring (1981 – 1983). He earned his Master of Business Administration Degree from University of New Brunswick, and his Diploma IV Degree from State College of Accountancy (STAN).
Appointment of the Internal Audit Unit was based on the President Director’s Decree No. 001/PERS/KET/ MAP/I/2016 dated 3rd January 2016. His appointment as Chairman of the Internal Audit Unit was based on his academic background and professional experiences in related fields.