The Internal Audit Unit (IAU) provides independent assessments and opinion to the Board of Directors on the Company’s risk management and internal control systems. This is accomplished by conducting regular audits of business units, departments and processes, and monitoring the implementation of their recommended follow-up actions.
The Head of Internal Audit is Ir. Sutopo Kristanto, MM, who was appointed to this position in 2009. His profile can be seen in the Profile of the Board of Directors Annual Report 2018. The Head of Internal Audit is appointed and dismissed by the President Director.
The Internal Audit Unit comprises six auditors who have the relevant qualifications specified by the OJK and the Company’s Internal Audit Charter.
The Internal Audit Unit is independent of the Company’s other departments. The Head of Internal Audit reports directly to the President Director.
The primary responsibilities of the Internal Audit Unit include:
- Identifying and evaluating significant exposures to risk, and contributing to the strengthening of risk management and control systems;
- Providing objective information and recommendations for improvements related to the various audited activities at all levels of Management;
- Submitting the audit reports to the Board of Directors;
- Monitoring the implementation of the corrective actions that have been suggested.
The Internal Audit Unit’s activities in 2018 included surveillance audits of Plaza Bintaro Jaya, Bintaro Jaya Xchange Mall, Condominium Bintaro Plaza Residence, Puri Jaya Pasar Kemis Housing and Pusat Grosir Senen Jaya.