Internal Audit

The establishment of the Internal Audit Unit tangibly reflects the Company’s commitment to comply with regulations issued by the Indonesia Financial Services Authority (formerly Bapapem-LK), and consistent with Company’s efforts to ensure robust internal governance and improve Company’s operational activities.

The presence of an Internal Audit Unit within MNC Investama is expected to ensure the independent supervision of the Company, primarily in providing objective assurance in a view to generate added value and boost Company’s operations.

Furthermore, the purpose for having an Internal Audit Unit in place is to support the attainment of Company’s goals through a systematic approach in evaluating and increasing the effectiveness of risk management, controls and good corporate governance. The Internal Audit Unit is also expected to function as a professional advisor to the Board of Directors and a catalyst for all working units and the Company as a whole.

Duties and Functions

In accordance with the Internal Audit Charter, the scope of work and responsibilities of the Internal Audit Unit is as follows:

  1. Prepares and implements the Annual Internal Audit Plan.
  2. Reviews and evaluates the implementation of internal controls and the risk management system in compliance with Company policies.
  3. Examines and evaluates efficiency and effectiveness in terms of finance, accounting, operations, human resource, marketing, information technology and other activities.
  4. Offers recommendations for improvements and objective information on activities being audited at all management levels.
  5. Prepares an audit report for submission to the President Director and Board of Commissioners.
  6. Monitors analyze and reports on the implementation of recommended follow-up measures for improvements.
  7. Collaborates with the Audit Committee.
  8. Develops a program for evaluating the quality of internal audit activities undertaken.
  9. Conducts special audits if necessary.

Internal Audit Charter

Internal Audit Charter is a formal document as a form of a commitment from the Board of Commissioners and Board of Directors in an effort to create the conditions for good supervision within the company including the creation of effective corporate governance, internal control, risk assessment and administration of the company as a whole.

The Head Of Internal Audit Unit

The head of the Internal Audit Unit is Tissa Purnama. He has served as the Head of the Internal Audit Unit since September 16, 2019.

Tissa Purnama was appointed as Head of the Internal Audit Unit based on the Decision of the Board of Directors No.377/DIR/MNCI/IX/19 dated September 16, 2019. In accordance with the provision of the Charter of the Internal Audit, the Head of the Internal Audit Unit is appointed and terminated by the President Director through the approval from the Board of Commissioners. Therefore, the Head of the Internal Audit Unit reports directly to the President Director.

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