AUDIT COMMITTEE

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Board of Commissioners establishes Audit Committee to assist the board in monitoring Functions of DirectorsDirectors governing the Company is to be aligned with the principle of good corporate governance. Members of Audit Committee are appointed and dismissed by the Board of Commissioner and is reported to EGM.

The existence of Audit Committee for a public Company refers to the Attachment of Bapepam Chairman Decision No. Kep-29/PM/2004 dated September 24, 2004, Regulation No.IX.1.5 of the Establishment and Implementation Guideline for Audit Committee. The Audit Committee is composed of at least three people, led by an Independent Commissioner with two independent external personnel.

The principle qualifications for the Audit Committee comprise of the possessment of high integrity. One member of Audit Committee must have an educational background in accounting and finance as well as good competence in reading and understanding financial statements. Members of the Audit Committee must also possess good knowledge and experience in line with his/her educational background with good communication skills.

Composition of Audit Committee

The Audit Committee of PT Total Bangun Persada Tbk was established in 2007 with a notification letter to Bapepam No. 056/IR.02/I/2007 dated January 24, 2007. The work guideline of Audit Committee is an Audit Committee Charter, which governs in details the vision, mission, objectives, targets, and duties of Audit Committee, as well as the authority and code of ethics, reporting responsibility, and introduction program for new members.

Roles, Responsibilities, and Authorities of Audit Committee

The roles and responsibilities of Audit Committee are to assist the Board of Commissioners in conducting monitoring function and providing input to management of PT Total Bangun Persada Tbk. In this regard, the Audit Committee performs its roles and responsibilities in a professional and independent manner without any interference from any parties that are not in conformity with the rules and regulations.

For the duties supervised by Audit Committee, Board of Directors is fully responsible for the presentation of financial statements in accordance with the prevailing standards and regulations, and also for the adequacy of risk management and internal control system and for the compliance with prevailing regulations.

The roles and responsibilities of the Audit Committee are to ensure the following:

• Reviewing financial information such as Financial Statements that will be published, with any prediction or other information to ensure that the financial report is reliable and accurate.
• Evaluating the effectiveness of the implementation of internal audit functions with the underlying basis for integrity, objectivity, competency, and independence.
• Evaluating the implementation of an objective and independent external audit process in accordance with prevailing professional standards.
• Evaluating the effectiveness of Internal Control and encouraging personnel’s awareness to the importance of internal control, to minimize the risk of unhealthy financial management practices.
• Monitoring and ensuring the Company’s compliance to the applicable regulations.
• Monitoring the effectiveness of the Company’s risk management.
• Reviewing and reporting issues that require attention from the Board of Commissioners.

Audit Committee is entitled to have access to records and information of employees, financial data, assets and other resources within the Company for the purpose of performing their duties. In exercising its authorities The Audit Committee works in cooperation and coordination of the Internal Audit Unit and External Auditor.

Audit Committee Profile

Drs. Rusdy Daryono

Chairman
Citizenship: Indonesia
Place and Year of Birth: Pontianak, 1950
Domicile: Jakarta

Earned his Bachelor of Economics degree from the University of Indonesia in 1976. He has more than 40-year of experience in financial sector, among others, as a Public Accountant at Drs. Utomo, Mulia & Co in 1973. He then worked at PT Salim Economic Development Corp in 1978 and PT Hardy Trading in 1982, and worked at a Public Accountant for Prasetio, Utomo & Co Public Accounting Firm (1987-2002), as well as a partner of Osman Ramli Satrio & Partner Public Accounting Firm (2003-2006). Currently, he also serves as an Independent Commissioner at PT Bank UOB Indonesia and a member of Audit Committee at PT Sentul City Tbk.

He has been serving as the Chairman of the Audit Committee at PT Total Bangun Persada Tbk since June 2022 pursuant to Decree No: 084/B.6-02/V/2022 on the Appointment of Audit Committee.

Ertin Setiawati, SE.

Member
Citizenship: Indonesia
Place and Year of Birth: Pemalang, 1967
Domicile: Jakarta

Mrs. Ertin Setiawati completed her education at Sekolah Tinggi Ilmu Ekonomi YKPN, Yogyakarta in 1990.

Prior to joining PT Total Bangun Persada Tbk,, she served as President Commissioner at PT Surya Gemilang Internusa (2018-present), Department Head – Internal Audit at PT Total Bangun Persada Tbk (2007-2018), Chief Finance & Accounting at PT Aston Inti Makmur (2004-2007), Finance & Accounting Assistant Manager at PT Bina Indocipta Andalan (1999-2003), and Senior Internal Audit at PT Inti Salim Corpora (1990-1999).

In addition to serving as the Company’s Audit Committee Member, currently she also serves as the President Commissioner of PT Surya Gemilang Internusa.

She has been serving as an Audit Committee Member at PT Total Bangun Persada Tbk since June 2022 pursuant to Decree No: 084/B.6-02/V/2022 on the Appointment of Audit Committee.

Lioe Fei Ling, S.E., Ak., CPA., CA.

Member
Citizenship: Indonesia
Place and Year of Birth: Jakarta, 1972
Domicile: Jakarta

Mrs. Lioe Fei Ling earned a degree in Economics from the University of Tarumanagara in 1995 and obtained her Registered Accountants in Indonesia in 1999, Registered as Certified Public Accountants in Indonesia in 2000 and obtained her Registered Public Accountants in United States in 2002.

Prior to joining PT Total Bangun Persada Tbk., she served as Audit Partner at KAP Tanubrata Sutanto Fahmi Bambang & Rekan (a member firm of BDO International) (2015-2022), Director at PT GNV Business Consulting Indonesia (2011-2014), Audit Partner at KAP Osman Bing Satrio & Rekan (a member firm of Deloitte Touche Tohmatsu Limited) (2003-2010), Audit Supervisor at Deloitte & Touche, Hong Kong Office (2000-2002), Junior – Audit Manager at KAP Hans Tuanakotta & Mustofa (a member firm of Deloitte Touche Tohmatsu) (1995-2000).

She has been serving as an Audit Committee Member at PT Total Bangun Persada Tbk since June 2022 pursuant to Decree No: 084/B.6-02/V/2022 on the Appointment of Audit Committee.