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The role and responsibility of the Company’s Internal Auditor is prescribed under an Internal Audit Charter which was updated on 11 August 2011 and approved by the Board of Directors and Commissioners. This Charter is in compliance with the rules of Bapepam-LK, which broadly includes the Mission of the Company, Scope of Duties, Independence of Positions and Structure, Accountability, Responsibility, Authority, Qualifications, Code of Ethics and Standard Audit.

Internal Audit Unit has responsibility and reports to President Director and Audit Committee.

Internal Audit Charter

Internal Audit performs its function through the audit process to ensure that the Company’s operating system is based on the Internal Audit Charter formed in 2011.

The Internal Audit Charter which regulates the Internal Audit Unit work guidelines is available in the Company’s guidebook.

Duties of Internal Audit

The scope of duties of the Internal Audit Department is to determine whether the organizational network of the processes of risk management, control and governance, as designed and implemented by the Management are adequate and functioning properly to ensure that:

1. All existing risks have been adequately identified and managed.
2. Interaction between Internal Audit Department with various Governance Groups is going on as needed.
3. All information on important financial, managerial, and operational activities is presented in an accurate, reliable, and timely manner.
4. All personnel actions are in accordance with the prevailing policies, standards, procedures, laws, and legislations.
5. All resources are acquired economically, used efficiently, and protected adequately.
6. All personnel actions are in accordance with the prevailing policies, standards, procedures, laws, and legislations.
7. All resources are acquired economically, used efficiently, and protected adequately.
8. All of the Company’s programs, plans, and objectives can be achieved.
9. The quality of the Company’s control process is improved periodically.
10. All matters pertaining to laws and regulations which may affect the Company are identified and adequately anticipated.

1. Develop and implementing an annual internal audit plan which is approved, including special assignments or projects requested by the Management or Audit Committee.
2. Testing and evaluating the implementation of internal control and risk management system in accordance with Company policy.
3. Conducting inspection and assessment of the efficiency and effectiveness in finance, accounting, operations, human resources, marketing, information technology, and other activities.
4. Providing suggestions for improvement and objective information on the activities examined at all levels of management.
5. Preparing audit reports and submitting these reports to the President Director and Board of Commissioners.
6. Working closely with the Audit Committee.
7. Monitoring, analyzing, and reporting on the implementation of the suggested improvements.
8. Developing programs to evaluate the quality of internal audit activities.
9. Always informing the development trends and successful practices in internal audit to the Audit Committee.
10. Performing special inspection if necessary.

Activities of the Company’s Internal Audit Division in 2013 were focused on evaluating the Company’s performance in handling problems of the systems and procedures. The prepared audit plan was intended to manage and control every risk that occurred so that the negative impacts could be reduced to a minimum. Each internal audit findings was addressed and discussed in the Board of Directors Meeting and acted upon thoroughly in order to ensure that negative happenings would not be repeated, and acted upon to ensure positive findings. In fiscal year 2013, the Internal Audit conducted four audits.

External Auditor

The Company’s Accountant is appointed by the Board of Directors. External auditor must be independent from the influence of the Board of Directors, Board of Commissioners, and stakeholders of the Company. The Company is obliged to provide all accounting records and supporting data required by the Company’s Accountant to give opinion on the fairness, compliance, and conformity of the Financial Statements to Indonesian Financial Accounting Standards.

For the last 2 (two) periods, Financial Statements of the Company were audited by an Independent Auditor or Registered Public Accounting. The Company’s Accountant, E. Wisnu Susilo Broto, SE, Ak, CPA, has audited Financial Statements for 2 periods.

In performing its duty, the Company’s Accountant is obliged to notify any events of the Company which do not comply with the prevailing legislation.

Public Accounting Firm Tanubrata Sutanto Fahmi & Partners (member of BDO) has conducted two audits of Financial Statements for FY 2012 and 2013.

In addition to the audit of Annual Financial Statements, the accountant provided other services as follows:

• Interim Consolidated Financial Statements and Report on the Review of Interim Financial Information on 30 June 2013 and the Six-Month Period ended on that date (Unaudited).
• Independent Accountant Report on the Review of Consolidated Statements of Financial Position Proforma 30 June 2013 PT Nusantara Infrastructure Tbk and Subsidiaries.