The Internal Audit Task Force (SKAI) is an independent organization in the Bank. SKAI is responsible for assisting the President Director and the Board of Commissioners in the supervision function of the Bank through operational activities focused on Plan, Do, Organize, Check, and Monitor the internal an/or external audit results. SKAI analyzes and provides assessment activities related to operation, processes and procedures, finance and accounting in accordance to the internal guidelines and official procedures, as well as other activities by conducting on-site inspection, off-site supervision and the monitorings.
SKAI keeps improving the efficiency in all resources and the financial ability by identifying all possibility to the purpose of providing professional recommendations and objective information to all levels of management regarding the activities evaluated. The whole process is very important to ensure that the Principles of Good Corporate Governance is implemented properly in the Bank.
General Audit Policy
SKAI plays an essential role in assisting to management at all levels in the Bank, since it ensures that all operational activities are working in stipulated as stated in the internal guidance and policies. The objective of general and special audits is to provide an independent assessment and analysis on the Bank’s internal control systems and activities, as well as to improve the effectiveness and efficiency of these activities and operational procedures under control of the management.
Management and Organization
In the Bank organization structure, SKAI is one level under the President Director. All reports and monitoring task directly reported to the President Director and to Board of Commissioners with copied to the Director in charge for compliance function as well. Beyond the monitoring function, SKAI also has to monitor the internal and external findings to make sure the scope of control and effectiveness of the overall business activities are preceding as mandated to the managements as well.
Tasks and Responsibilities
In its duty to assist the President Director and Board of commissioners in overseeing the operational activities, SKAI also monitors compliance with the rules and regulations set forth. SKAI represents the professionalism to evaluate, analyse and assess activities in all aspects of the organization based on risk approached, put forward opinions, suggestions and corrections to operational condition and managerial skills, as well as coordinating with the external auditors in order to perform their duties of an examination.
The recommendations and objective information to all levels of management based on types of risk as evaluated by that approaches. The overall process is very essential lead to the Principles of Good Corporate Governance applied in the Bank.
Scope of Audit
Scope of Internal Audit work covers all activities by process in the Bank and its subsidiary to determine the quality of internal control, risk management, and the corporate governance comprehensively.
In line with the implementation risk of Risk Management program, then the Audit Program was set based on that 8 (eight) types of inherent risk that existing in the Bank which is put into a systematic mechanism and stated into Inherent and Risk Management Implementation Quality audit programs. An annual audit plan is prepared by taking into account of a bank wide risk assessment, the dominant inherent risks, regulatory requirements, guidelines by management and audit committees, Risk Profile guideline, also based on result of previous findings, latest inspection to guide the audit activities and to ensure that no repeated findings was raised in the following periods.
The audit is in accordance to Bank Indonesia’s Regulation No. 1/6/PBI/1999 the approved Standards for the Practice of the Internal Audit function for Commercial Bank (SPFAIB) and an Internal Audit Charter that state SKAI Vision, Mission, purposes, scope of work and SKAI position in Bank’s organization structure.