Audit Committee
PhotoNameTitleAgeCitizenship
Dr. Ir. Bambang SetiawanAudit Committee Chairman74 Years OldIndonesian Citizen
Prof. Dr. Ir. Irwandy Arif, M.ScAudit Committee Member75 Years OldIndonesian Citizen
Ketut SanjayaAudit Committee Member73 Years OldIndonesian Citizen

Profile Row 1

Legal Basis of Appointment

Mr. Bambang Setiawan was appointed as Chairman of the Company’s Audit Committee as of January 12, 2022.

Educational Background

Mr. Bambang Setiawan graduated from Institut Teknologi Bandung (“ITB”), Bachelor Program of Mining Exploration Engineering in 1976. He holds his PhD degree from The Ecole Nationale Superieure Des Mines de Paris, France, majoring in Geology and Mining Exploration in 1993.

Work Experience

  • Director General of Mineral, Coal, and Geothermal, Ministry of Energy and Mineral Resources July 2008 – April 1, 2011
  • Secretary of Directorate General of Mineral, Coal and Geothermal, Ministry of Energy and Mineral Resources (before July 2008)
  • Career Officer, Directorate General of Mineral and Coal, Ministry of Energy and Mineral Resources (until retirement on April 1, 2011)

Concurrent Position

Currently he serves as the Company’s Independent Commissioner. He also serves as Independent Commisoners in PT Trada Alam Minera Tbk. Previously, He was a carrier officer in Directorate General of Mineral and Coal, Ministry of Energy and Mineral Resources.

Affiliate Relationship

Mr. Bambang Setiawan is not affiliated with members of Board of Directors and Board of Commissioners, as well as substantial shareholders and/or controlling shareholders of the Company.

Profile Row 2

Legal Basis of Appointment

Mr. Irwandy Arif was appointed as a member of the Company’s Audit Committee on February 16, 2023.

Educational Background

He graduated from Bandung Institute of Technology with a Bachelor’s degree in Mining Exploration Engineering in 1976 and then earned his Master of Science degree in Industrial Engineering from Bandung Institute of Technology in 1985, followed by his Master’s and Doctoral degrees from the Ecoles des Mines de Nancy-Institute Polytechnique de Lorraine, France, in 1988 and 1991 respectively.

Work Experience

  • Independent Commissioner of the Company (2015-2020)
  • Special Staff of the Minister of Energy and Mineral Resources for the Acceleration of Mineral and Coal Governance (2020-2024) and other mining companies in Indonesia, including PT Aneka Tambang Tbk., PT Berau Coal Energy Tbk, and PT Multi Harapan Utama. 
  • Head of Mining Department of Bandung Institute of Technology (1995-1998)
  • Dean of the Faculty of Earth Sciences and Mineral Technology of Bandung Institute of Technology (2003-2004)
  • Chairman of Commission II of Board of Trustees of Bandung Institute of Technology (2009-2014). 

Concurrent Position

Currently he serves as President Commissioner of PT Bukit Asam Tbk since 2020 and Independent Commissioner of PT Baramulti Suksessarana Tbk since 2024.

Affiliate Relationship

Mr. Irwandy Arif is not affiliated with any members of the Board of Directors or Board of Commissioners, nor with any substantial or controlling shareholders of the Company.

Profile Row 3

Legal Basis of Appointment

Mr. Ketut Sanjaya was appointed as member of the Company’s Audit Committee as of 6 September 2023.

Educational Background

He graduated from Universitas Padjajaran in 1977 majoring in Engineering and Master of Management dari Arthur D Little Management Education Institute, Boston, USA in 1984.

Work Experience

  • Commissioners in PT Bank Barclays Indonesia
  • Senior Banking Researcher, Bank Indonesia (2008-2009),
  • Director of Supervisory Bank (2007-2008)
  • The Chairman of Bank of Indonesia branch Denpasar (2004-2007)
  • Bank Supervisor (1994-2004)
  • Bank Examiner (1985-1994)
  • Credit Analyst (1979-1983).

Concurrent Position

Currently he serves as the Company’s Independent Commissioner. He is also member of Audit Committee of PT SMART Tbk and PT Bank Sinarmas Tbk.

Affiliate Relationship

Mr. Ketut Sanjaya is not affiliated with members of Board of Directors and Board of Commissioners, as well as substantial shareholders and/or controlling shareholders of the Company.

The Company Audit Committee was first established on March 7, 2012, in order to assist the Board of Commissioners in promoting the application of GCG principle and the establishment of adequate internal control structure, and also to enhance the quality of openness and financial reporting, as well as to review the scope, accuracy, independency and objectivity of the public accountant.

In performing its internal control duties and responsibilities, the Audit Committee is equipped with work guideline set forth in the Audit Committee Charter ratified by the Board of Commissioners on October 30, 2012 and was amended by the Audit Committee Charter dated May 30, 2020. The Audit Committee Charter was prepared based on the prevailing laws and regulations and is reviewed regularly.

The Audit Committee performs its role objectively in accordance with its professional expertise. In order to maintain its objectivity, the Audit Committee comprised of independent parties without affiliations/relationships that may have adverse impact or conflict of interest with the Shareholders and the Board of Commissioners and Board of Directors, or with the Company.

Duties and Responsibilities

  • Reviewing the financial information to be issued by the Company to public and/or the authorities, among others, Financial Statements, projections, and other reports related to the financial information of the Company.
  • Reviewing the compliance with the laws and regulations related to the Company’s activities.
  • Providing independent opinion in the event of a dissenting opinion between the management and the accountant for the services provided.
  • Providing recommendations to the Board of Commissioners on the appointment of accountant based on independency, assignment scope, and service fees.
  • Conducting review on the implementation of audits by the internal auditor and supervising the implementation of the follow-up by the Board of Directors on the findings of the internal auditor.
  • Reviewing the risk management carried out by the Board of Directors, in the event the Company do not have risk monitoring function under the Board of Commissioners.
  • Reviewing complaints related to the accounting process and financial reporting of the Company.

2024 Work Program Realization

  • Throughout 2024, the Audit Committee periodically reviewed the Company’s Financial Statements every quarter in meetings with the Company’s Board of Directors and Board of Commissioners on February 28th, 2024, May 27th, 2024, August 20th, 2024, and November 21st, 2024. The Audit Committee also reviewed the Company’s Financial Statements for the period ending December 31st, 2024, on February 26th, 2025.
  • The Audit Committee periodically reviewed the Company’s compliance with the relevant laws and regulations.
  • Throughout 2024, there was no dissenting opinion between the management and the accountant for the services provided that require independent opinion from the Audit Committee.
  • The Audit Committee provided recommendations to the Board of Commissioners on the appointment of Ms. Maria Leczkzinska as a Public Accountant from Mirawati Sensi Idris Public Accounting Firm who will carry out the audit process of the Company’s Financial Statements for the financial year ended December 31st, 2024, based on independence, assignment scope, and service fees on May 7th, 2024. The recommendation is also based on the Audit Committee’s Evaluation Result Report to the Board of Commissioners on the audit process of the Company’s Annual Financial Statements for the previous year on June 3rd, 2024.
  • The Report on Appointment of Public Accountants and Public Accounting Firm for the Company’s Annual Financial Statements for the financial year ended December 31st, 2024, was submitted to the Financial Services Authority on July 17th, 2024.
  • The Audit Committee reviewed the audit performed by the internal auditors and supervised the follow-up actions taken by the Board of Directors on the auditors’ findings every quarter in the Audit Committee’s meetings.
  • The Audit Committee has conducted a limited review of the risk management implementation activities carried out by the Head of Corporate Risk Management which is conducted quarterly at the Audit Committee’s meetings.
  • Throughout 2024, there were no complaints related to the accounting process and financial reporting.