Audit and Risk Committee

Audit & Risk Committee


The Company established an Audit and Risk Committee in 2012 in order to assist supervisory duties on the performance and operations of the Company in accordance with BUMN State Ministerial Regulation number PER-12/MBU/2012 dated August 24, 2012 concerning Supporting Organ of the Board of Commissioners/Supervisory Board of State-Owned Enterprises, and Financial Services Authority Regulation Number: 55/POJK.04/2015 concerning Establishment and Work Guidelines of the Audit Committee. The Audit and Risk Committee works collectively and independently in carried out their duties to assist the Board of Commissioners and be responsible to the Board of Commissioners. The term of office of the Audit Committee and Risk is 2 (two) years and could be reelected only for the next 1 (one) period, without prejudice to the right of the Board of Commissioners to terminate it at any time.

Composition of Audit and Risk Committee


Based on the Decree of the Board of Commissioners of PT Wijaya Karya Bangunan Gedung Tbk Number: SK.02.02/DEKOM/WG.010/2020, dated 7 October 2020 concerning Change of the Audit and Risk Committee Organs of PT Wijaya Karya Bangunan Gedung Tbk, the composition of the Audit & Risk Committee is as following

Position Name Description
Chairman Joseph Prajogo Independent Commissioner
Member Diah Sulistiorini Independent Party
Member Arzul Andaliza Independent Party*
*) Coming from outside WEGE, but still within the WIKA Group

Audit and Risk Committee’s Profile


Joseph Prajogo

Chairman

The profile of Joseph Prajogo could be seen in the profile of the Board of Commissioners in the Management Report chapter.

Diah Sulistiorini

Member

Indonesian citizen, 61 years old, born in Surabaya, December 28, 1959. He has served as a member of the Audit and Risk Committee since October 7, 2020. He holds a Bachelor of Economics, Department of Accounting, University of Indonesia in 1987. The positions he has held are as follows:

  • Functional Auditor and Consultant GCG, KPI, Risk Management at BPKP (1993-2017)
  • Audit Committee of PT Jakarta Propertindo (2007)
  • Lecturer in Accounting at the College of Risk Management and Insurance (2000-2006)
  • Auditing Lecturer at the Faculty of Economics, University of Indonesia (2003-2004)
  • BNI Education and Training Instructors and Perum Pegadaian for Introduction to Accounting, Budgeting, Taxation at the Management Institute of the Faculty of Economics, University of Indonesia (2000-2004)

Arzul Andaliza

Member

An Indonesian citizen, 65 years old, born in Bukit Tinggi, January 1, 1956. He has been a member of the Audit and Risk Committee since October 31, 2018. He holds a Master of Business Administration (MBA) from Colorado State University, Fort Colins, Colorado, USA in 1989 and an Accountant degree from The State Accounting College (STAN) in 1985. The positions that have been held are as follows:

  • Audit Committee of PT Wijaya Karya (Persero) Tbk (2012-2017)
  • GCG Committee and Risk Management Monitor PT Pupuk Indonesia Holding Company (PIHC) (2012-2014)
  • Director of Supervision of Regional Owned Enterprises, BPKP (2010-2012)
  • Various Echelon II positions in the BPKP since (2011-2012)

Independence and Work Guidelines of Audit and Risk Committee


The statement of independency of the Audit Committee and Company Risk prepared based on the Financial Services Authority Regulation Number: 55/POJK.04/2015 concerning the Establishment and Work Guidelines of the Audit Committee Article 7 regarding the Requirements and Membership of the Audit Committee's Term of Office and the Audit Committee Charter. Members of the Audit and Risk Committee were professional individuals who did not have a relationship with the Company to maintain independencies in carried out their duties and responsibilities. To maintain the independency of each member of the Committee, each member of the Committee committed a statement of independency

Independence Statement Joseph Prajogo Diah Sulistiorini Arzul Andaliza
Not a person in the Public Accountant Office, Legal Consultant Office, Public Appraisal Service Office or other party that provides insurance services, non-insurance services, appraisal services and / or other consulting services to the Company within the last 6 (six) months.
Not a person who works or has the authority and responsibility to plan, lead, control, or supervise the activities of the Company within the last 6 (six) months, except for an Independent Commissioner.
Do not have direct or indirect shares in the Company.
Not affiliated with members of the Board of Commissioners, members of the Board of Directors, or the Company's Major Shareholders.
Not having a business relationship either directly or indirectly related to the Company's business activities.

Work Guideline of Risk and Audit Committee


The Company has an Audit and Risk Committee Charter as set out in the Audit and Risk Committee Charter SK.02.01/DEKOM.WG.005/2017 dated July 13, 2017 which arranged in synergy with OJK Regulation No. 55/2015. In carried out their performance, the Audit and Risk Committee also refers to the 2018 Board Manual which has been ratified through Joint Decree Number: SK.01.09/WG.456/2018 concerning Changes in the Manual Board of PT Wijaya Karya Bangunan Gedung Tbk.

Duties and Responsibilities


In carried out their functions, the Audit and Risk Committee has the following duties and responsibilities:

  1. Review the financial information that would be released by the Company to the public and/or the authorities including financial statements, projections and other reports related to the
  2. Company's financial information; Review compliance with laws and regulations relating to the Company's activities;
  3. Provide independent opinion in the event of disagreements between the Company’s management and the External Auditor/Public Accountant for the services they provide;
  4. Carry out review with the management and External Auditor/Public Accountant related to all matters required to be communicated by External Auditor/Public Accountant to the Audit and Risk Committee in accordance with Professional Standards of Public Accountants
  5. Provide recommendations to the Board of Commissioners regarding the appointment of External Auditor/Public Accountant based on independence, scope of assignment, and service fee;
  6. Review the implementation of audit by Internal Audit Unit and supervising the implementation of follow-up actions by the Board of Directors on the findings of Internal Audit Unit;
  7. Review the risk management implementation activities carried out by the Board of Directors;
  8. Review the effectiveness of the Company's internal control system including the control and security of information technology;
  9. Review complaints regarding the accounting process and financial reporting of the Company;
  10. Review and provide advice to the Board of Commissioners regarding potential conflicts of interest in the Company;

Report on the Implementation of Audit and Risk Committee Activities in 2020


The Audit and Risk Committee carried out their duties and responsibilities as set out in the table below.

No Subjects in Audit Charter Activities Realization
1. Review the financial information that will be issued by PT Wijaya Karya Bangunan Gedung Tbk to the public and/or authorities, including financial reports, projections, and other reports related to the financial information of PT Wijaya Karya Bangunan Gedung Tbk. Conduct a review of:
  1. Consolidated Financial Statements of PT Wijaya Karya Bangunan Gedung Tbk March 31, 2020
  2. Consolidated Financial Statement of PT Wijaya Karya Bangunan Gedung Tbk June 30, 2020
  3. Consolidated Financial Statement of PT Wijaya Karya Bangunan Gedung Tbk September 30, 2020
2. Review the implementation of audits by the Internal Audit Unit (SPI) and supervising the implementation of follow-ups by the Board of Directors on audit findings. Monitoring and evaluating the implementation of Internal Audit Unit duties and the follow-up progress of Audit results during 2020 as well as evaluating the achievement of Internal Audit Unit performance regularly through meetings.
3. Review PT Wijaya Karya Bangunan Gedung Tbk's compliance with laws and regulations relating to the activities of PT Wijaya Karya Bangunan Gedung Tbk. Review PT Wijaya Karya Bangunan Gedung Tbk's compliance with laws and regulations relating to the activities through the Internal Audit Unit report.
4. Reviewing the risk management activities carried out by the Board of Directors. Review and analyze the risk profile of projects within PT Wijaya Karya Bangunan Gedung Tbk.
5. Provide recommendations to the Board of Commissioners regarding the appointment of External Auditor/Public Accountant based on independence, scope of assignment, and fees. Provide recommendations to the Board of Commissioners regarding the appointment of Public Accountant Amir Abadi Jusuf, Aryanto, Mawar dan Rekan (RSM Indonesia) to audit the Consolidated Financial Statements of PT Wijaya Karya Bangunan Gedung Tbk for the period ending December 31, 2020.
6. Joint review with management and External Auditors/Public Accountants regarding all matters required to be communicated by the External Auditor/Public Accountant to the Audit Committee in accordance with the Public Accountant Professional Standards. Conduct discussions with management and Public Accountant Amir Abadi Jusuf, Aryanto, Mawar and Partners (RSM Indonesia) related to the KAP audit results to be communicated by the KAP concerned to the Audit Committee in accordance with the Public Accountant Professional Standards.
7. Other assignment Review and analyze the Company's Monthly Executive Summary.

Frequency of Meetings and Level of Attendance of the Audit and Risk Committee


The Audit and Risk Committee held 9 (nine) internal meetings and/or together with the Board of Commissioners and Directors with the Audit and Risk Committee Work Program. The frequency and attendance rate of each member are.

No Name Position Total Meeting Total Attendance %
1. Adji Firmantoro Chairman (until July 31, 2020) 3 3 100%
2. Dini Yulianti Member (until July 31, 2020) 3 3 100%
3. Joseph Prajogo Chairman (from August 1, 2020) 6 6 100%
4. Ahmad Fadli Kartajaya Member (from April 1, 2020) 6 6 100%
5. Arzul Andaliza Member 9 9 100%

Training Programs Attended by the Audit and Risk Committee


Information about the training that has been attended by members of the Audit and Risk Committee throughout 2020 has been presented in the chapter "Company Profile".