Internal Audit Unit

Internal Audit unit of PT Total Bangun Persada Tbk (TOTAL), that was established since 2007, represents the management's partner in achieving the Company's objectives whose duties is to perform audit and consultancy function in an independent and objective conduct.

Internal Audit Unit has established an Internal Audit Charter ratified by President Director and approved by President Commissioner on November 19, 2007. The Internal Audit Charter serves as a guideline in discharging all duties of internal audit.

TOTAL's Internal Audit continues to improve and provide all activities with direct appraisal concerning supervisory function in the activities' implementation. Such conduct is aimed to remain update on the development of the increasingly complex construction business. In addition to complying with regulation from Indonesia Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK), the objectives of establishing Internal Audit Unit are:

Head of Internal Audit Unit is appointed and report directly to President Director.

The position of Head of Internal Audit Unit is currently being served by Dra. Ertin S who joined at TOTAL in 2007 and was appointed as the Head of Internal Audit Unit since November 12, 2007. Born in Pemalang in 1967 and graduated from Sekolah Tinggi Ilmu Ekonomi YKPN Yogyakarta majoring Accounting in 1990, she started her career at PT Inti Salim Corpora, from 1990 to 1999, and served her last position as Senior Internal Audit and Tax Supervisor at the Company. She was also a Senior Tax & Accounting at PT Bina Indocipta Andalan (1999-2003), Chief Finance at PT Aston Inti Makmur (2004-2007), and Finance & Accounting Manager at PT Inti Fauzi Corpora (2005-2007).

Responsibilities of Internal Audit Unit

Responsibilities of Internal Audit Unit cover:

Work Mechanism

Internal Audit Unit annually prepares Annual Audit Work Program for ensuring that the internal audit activities operate effectively within the allocated period of time. Prior to making a request for approval from President Director, Internal Audit Unit shall consult and seek for input from Audit Committee in terms of the work programs already prepared.

The work mechanism for the audit process is conducted based on the following stages:

Independence in the Conduct of Duties

The implementation of independence of Internal Audit is aimed to achieve the Company's objectives by implementing systematic and discipline approach in order to enhance effectiveness in the process of risk management, internal control adequacy, and the Company's corporate governance.

Internal Audit Unit functions to plan, perform, and report their main duties and functions in accordance with professional judgment and with prevailing audit standards. Audit assignment should be freely and independently performed without any influence from any interest and be based on the existing evidence or fact. Therefore, to avoid any conflict of interest and to ensure its independence, Internal Auditor is prohibited from serving in double positions as the executor of the Company's and/or the subsidiaries' operational activities.

In performing audit programs in all operational units of the Company, either in Head Office or in the project sites, Internal Audit Unit is entitled to obtain unlimited information including accessing all data, information, documented evidences, bookkeeping records, reports, as well as to make inquiries for information from management or personnel who are relevant to the audit process.

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