The Internal Audit Unit is a work unit within the Company that performs audits and gives independent, objective, and professional advice.
The establishment of the Internal Audit Unit refers to Bapepam-LK Regulation No. IX.1.7, attachment of the Decree of the Chairman of Bapepam-LK No. Kep-496/BL/2008 dated November 28, 2008, regarding the Establishment and Guidelines for Drafting an Internal Audit Charter (Bapepam-LK Regulation No. IX.1.7). This regulation was later revoked to OJK Regulation No. 56/POJK.04/2015 dated December 29, 2015 (POJK No. 56/2015).
Internal Audit Unit’s Charter
The Internal Audit Charter, established by the Board of Directors and approved by the Board of Commissioners on March 31, 2023, will undergo periodic evaluations to ensure adherence to regulations and effectiveness in implementation. Key aspects of the Internal Audit Charter include:
- Vision and mission
- Objectives of the Internal Audit Charter
- Scope
- Structure and position
- Duties and responsibilities
- Authority
- Code of Ethics
- Membership requirements
- Accountability
- Independency
- Establishment and Renewal of the Charter
Internal Audit Unit’s Structure and Position
Referring to POJK No. 56/2015 and the Company’s Internal Audit Charter, the Internal Audit Unit shall consist of at least 1 (one) Internal Auditor. The size and level of complexity of the Company’s business activities determine the number of internal auditors required. The Head of the Internal Audit Unit, who reports directly to the President Director, may be appointed and dismissed by the President Director with approval from the Board of Commissioners.
The letter of appointment dated January 4, 2022 signed by the President Director and President Commissioner appointed Rudy Sugianto as the Head of Internal Audit Unit.
Internal Audit Organization Structure
Head of Internal Audit Unit: Rudy Sugianto
Duty and Responsibility
The Internal Audit Unit conducts periodic evaluations of the Company’s risk management system, internal control, and Good Corporate Governance (GCG) processes through various activities and discussions. This assessment attempts to strengthen the company’s values and operational performance.
The Internal Audit Unit’s duties and responsibilities with respect to the Internal Audit Charter and its implementation are as follows:
- Prepare and execute its annual internal audit work plans;
- Assess and evaluate the internal control and risk management system pursuant to the Company’s policies;
- Conduct audit and assessment as to efficiency and effectiveness in financial, accounting, operation, human resources, marketing, information technology and other activities;
- Provide corrective recommendations and objective information on audited activities within all management levels;
- Prepare reports on the result of the audit and submit them to President Director;
- Monitor, analyze, and report the implementation of recommended improvements;
- Work with Audit Committee and other governance functions such as External Audit, Risk Management, Project Management Office and Quality Management;
- Prepare a program to evaluate the quality of the activities carried out by Internal Audit; and
- Conduct a special audit, if necessary, as approved by President Director.
Internal Audit Unit’s Code of Ethics
The Internal Audit Unit strictly conforms to the Company’s and Internal Audit Unit’s code of conduct when performing its duties and responsibilities.
The Internal Audit Charter establishes the Internal Audit Unit’s code of ethics, which includes the following:
- Integrity
- Work honestly, diligently, and responsibly;
- Obey the law and make any disclosure that is required by legal and professional rules;
- Not involved in any illegal activities, or in any actions humiliating the Internal Audit profession or the Company;
- Respect and contribute to the ethical objective of the Company.
- Objectivity
- Not participating in any activities or relationships that may disturb, or be deemed to disturb unbiased judgment. This includes activities or relationships which are probably against the organization’s interests.
- Not accept anything that could interfere with, or be perceived as interfering with, professionalism in providing assessments
- Disclose all known material facts;
- Confidentiality
- Exercise appropriate care in the use and keeping of the information obtained during the service.
- Not use any information for personal gain or in any manner which are against the provisions of laws and regulations or detrimental to the ethical objective of the Company.
- Competency
- Provide services in accordance with the required knowledge, skills, and experience.
- Perform audit based on The International Standards for the Professional Practice of Internal Auditing.
- Consistently improve competency and effectiveness as well as the quality of the audit.
Internal Audit Certification
Certified Internal Auditor (CIA) Review conducted by the Centre for Accounting Development, Faculty of Economics and Business, University of Indonesia (PPA FEB UI)
Internal Audit Duty Implementation Report
The Internal Audit Unit has conducted audits in the Company and each company under the Company’s portfolio with the series of activities as follows:
- Develop and implement annual internal audit plan;
- Analyze and evaluate implementation of internal control and risk management systems in accordance with the policies set by the Company;
- Conduct testing and assessment of efficiency and effectiveness related to finance, accounting, operations, human resources, marketing, information technology and other activities;
- Provide recommendations for improvement and objective information about the audited activities at all management levels;
- Prepare and submit audit reports to the President Director and the Board of Commissioners;
- Monitor, analyze, and report on the implementation of recommended follow-up improvements;
- Cooperate and communicate directly with the Audit Committee;
- Develop a program to evaluate quality of ongoing internal audit activities.
Rudy Sugianto
Rudy Sugianto began his career at Pricewaterhouse Coopers, where he served as a Senior Associate – Audit from 2003 to 2005. Subsequently, he undertook the role of Revenue Assurance Manager at PT Axis Telekom Indonesia from 2005 to 2011. Rudy’s expertise in finance and audit was further refined through engagements with various companies. Notably, he held the position of Internal Audit Manager at PT Rajawali Corpora from 2011 to 2013, followed by serving as the Head of Accounting, Tax, and Operation Support Division at PT Multipolar Technology Tbk from 2013 to 2018 and last served as Head of Accounting and Finance Division from 2019 to November 2021.
In 2022, Rudy Sugianto stepped into the position of Head of the Internal Audit Unit at PT Multipolar Tbk. His appointment, dated January 4, 2022, was endorsed by the President Director and President Commissioner. Additionally, he has been serving as the Head of the Internal Audit Unit at PT Multipolar Technology Tbk since May 2022.
He is an Indonesian citizen, 43 years old as of December 31, 2023. He earned a Bachelor’s degree in Accounting from the University of Indonesia in 2002.