Audit Committee

  • The Company’s Audit Committee was formed since 2001, in accordance to the regulations of the Capital Market Supervisory Agency and Financial Institution (Bapepam dan LK) No. IX.I.5 on the Establishment of Standards and Procedures of the Audit Committee, which has been updated with the Financial Services Authority Regulation No. 55/POJK.04/2015 dated December 23, 2015 on the Establishment and Implementation
    Guidelines of the Audit Committee.

    The Company’s Audit Committee was formed with the primary objective to assist the BoC in carrying out their duties and responsibilities in supervisory of the financial reporting process, internal control system, the audit process, GCG implementation and monitoring the Company compliance to the laws and regulations.

    Based on the Decision Letter of Board of Commissioner No. 00955/0721/UIC-KOM dated August 5, 2021, The Board of Commissioner has appointed the Company’s Audit Committee for the term of 2021-2026, with the following composition:

    Chairman : Farid Harianto (Independent Commissioner)
    Members : Sutjipto Budiman
    Members : Hana Pergiwati



    Farid Harianto
    Chairman of Audit Committee

    Indonesian citizen aged 71 years old, He achieved his Master Degree in Applied Economic in 1987 and his PhD in 1989 from The Wharton School, University of Pennsylvania, USA. In 2005. He was appointed as Independent Commissioner of PT Unggul Indah Cahaya Tbk. based on the resolution of the Annual GSM as stated in the Notary deed of Benny Kristianto, S.H., dated May 31, 2005. Then based on the decision of the Annual GSM on June 24, 2021 as stated in the Deed of Meeting Resolutions Statement No. 198 made by Notary Christina Dwi Utami S.H., M.Hum., M.Kn. and has been approved by the Minister of Law and Human Rights by Decree no. AHU-AH.01.03-0430848 dated 23 July 2021 and his statement of independence as an Independent Commissioner at the GSM, Mr. Farid Harianto was reappointed as the Company’s Independent Commissioner for the term of 2021-2026.He served as Special Staff of the Vice President of the Republic of Indonesia (2009-2014) and a Senior Adviser of the Governor of Bank Indonesia (2008-2014). Currently he also serves as Independent Commissioner for 2 (two) other public companies, namely PT Indika Energy Tbk. and PT Nusantara Infrastructure Tbk. and as President Commissioner of PT Pertamina Bina Medika (BUMN Holding for Hospitals, non Tbk). He has no affiliated relationship with any members of the Company’s Board of Commissioners, Directors and Shareholders.





    Sutjipto Budiman
    Member of Audit Committee

    Indonesia citizen, aged 59 years old, graduated from the Faculty of Economics, majoring in Accounting, Parahyangan University in 1989 and Master of Science in Business Administration from the University of Illinois, Certified Internal Auditor, Certified Information Systems Auditor, Certified Human Resource Professional and Certified Audit Committee Professional. From 1994 to 2004 worked at KAP Prasetio Sarwoko Sanjaya – Ernst & Young (formerly Prasetio Utomo & Co – Andersen). In 2011 to 2021 he became Independent Commissioner and Chairman of Audit Committee of PT Pan Brothers Tbk.. Then in 2014 he established and become a Director of PT Widya Presisi Solusi, Payroll Outsourcing Consultant and Human Resources Information System until now. In 2020 he became Independent Commissioner and Chairman of Audit Committee of PT Hino Finance Indonesia until now.




    Hana Pergiwati
    Member of Audit Committee


    Indonesian citizen, aged 59 years old, She graduated from the Faculty of Economics, Majoring in Accounting, Trisakti University. From September 1989 to December 1991 he worked at KAP Sidharta & Sidharta. From April 2008 to 2011 he became a Member of the Audit Committee of PT Leo Investment Tbk. From October 2008 to 2011 he became a Member of the Audit Committee of PT Alfa Retailindo Tbk. On 17 November 2009 until 2012 he became Ka. Field of Selection for Tax Consultant Certification Exam Organizing Body (BP USKP). On February 14, 2013 to June 2013 and February 18, 2014 to 2017 he became a Member of the Materials Department of the Tax Consultant Certification Examination Agency (BP USKP). From November 25, 2016 to 2019 and October 21, 2019 until now, he has been a Member of the Coordinator for Registration and Implementation of the Implementing Committee of the Tax Consultant Certification Organizing Committee (KP3SKP). And in 2006 established PT Bina Utama Konsultama which is in charge of Tax Consulting services and has served as Director until now.





    The Independence Statement of the Audit Committee

    In accordance with the regulation of Financial Services Authority (OJK) No. 55/POJK.04/2015 dated December 23, 2015 on the Establishment and Implementation Guidance of the Audit Committee and the Decision of the Directors of Jakarta Stock Exchange No. Kep-0001/BEI/01/2014 dated January 20, 2014, the Company’s Audit Committee revealed that:

    • Not a person in a public accounting firm, law firm, public appraisal service or any other parties that provides the service assurance, service non-assurance, appraisal and/or other services consultation to the Company within last six (6) months;
    • Not a person working or has authority and responsibility for planning, directing, controlling and supervising the activities of the Company within last six (6) months prior being appointed by the Commissioner, except for the Independent Commissioner;
    • Have no shares of the Company either directly or indirectly;
    • In case of the Audit Committee members obtain the Company’s shares either directly or indirectly due to a legal case, those shares shall be transferred to the other party within a period of 6 (six) months after obtaining the shares;
    • Have no affiliated relationship with the members of BoC, Directors or Major Shareholder of the Company’s;
    • Have no business relationship either directly or indirectly which related to the Company’s business.


    The Audit Committee Meeting Policy

    The Company’s policy regarding the Audit Committee meeting is implemented in accordance to the Regulation of Financial Services Authority (OJK) No. 55/ POJK.04/2015 dated December 23, 2015 on the Establishment and Implementation Guidelines for Audit Committee Work, which state that:
    • The Audit Committee should hold a regular meetings at least once every 3 (three) months;
    • The Audit Committee meetings can be held if attended by ½ (one half) of the number of Audit Committee members;
    • Audit Committee meeting decision is taken based on consensus agreement;
    • Each of Audit Committee meeting should be stated in the minutes of the meeting, including if there is a difference of opinion and signed by all present members of the Audit Committee and submitted to the BoC.

    During the year 2022 the Audit Committee has held 6 (six) times formal meetings, If necessary, the Audit Committee invited management and/or Internal Audit Unit to attend the Audit Committee meeting to provide explanations.





    The Audit Committee's Brief Report 2023.

    • The Audit Committee has been reviewed the 2023 interim financial statements that published on newspaper and also the consolidated financial statements for the year ended December 31, 2022, and based on our review, the financial statements have been compiled and presented in conformity with the Generally Accepted Accounting Principles in Indonesia and regulation of OJK. The Audit Committee Evaluation Report on the Implementation of Audit Services on Annual Historical Financial Information by Public Accountants and/or Public Accounting Firms for the year ended December 31, 2022 has been reported to OJK on May 25, 2023 through letter No. 00661/0523/UIC-CS;
    • The Audit Committee has been reviewed the Company’s adherence to the Capital Market Regulations and other prevailing regulations that govern its business activities. And based on our review, in 2023 the Company has complied with all Capital Market law and regulation and other legislation;
    • In relation with the internal control of the Company, we have conducted meetings with Internal Auditor in order to provide advice and feedback regarding the work plan of the Internal Audit unit either already and will be implemented in 2023 to the Company and the of the Company. We also have conducted meetings with the Company’s external auditor to review and discuss the findings of their audit results;
    • The Audit Committee has been Reviewed the criteria, independency, objectivity and honorarium of Accountant Public/Public Accountant Firm which will execute audit to the Company’s financial report as per December 31, 2023, as a recommendation for BoC in the appointment of Accountant Public/Public Accountant Firm in the Annual GSM which was held on June 13, 2023;
    • The Committee Audit has been evaluated on the whole compensation package for the BoC and Directors during the year of 2023, and based on our evaluation, it is in accordance with the decision on the Annual GSM held on June 13, 2023;

    Conclusion:
    Based on the Audit Committee reviews, we concluded that during the book year 2023 the Company’s management has conducted the Good Corporate Governance (GCG) and there was no significant issue that need to be reported in the Annual Report 2023 PT Unggul Indah Cahaya Tbk.



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