The Internal Audit Task Force (SKAI) is an independent organization within the Bank. SKAI is responsible for assisting the President Director and the Board of Commissioners in the supervisory function of the Bank through operational activities focused on the planning, implementation, and monitoring of the internal and/or external audit results. SKAI analyzes and provides assessment on the activities related to operations, processes and procedures, finance and accounting activities in accordance with the internal guidelines and official procedures, as well as other activities by conducting on-site inspections or off-site supervision and monitoring.
SKAI continues to make every effort to improve the efficiency of utilization of all resources and the financial ability by identifying all possibilities for the purpose of providing professional recommendations and objective information to all levels of management regarding the activities evaluated. The entire process is very important to ensure that the bank’s Principles of Good Corporate Governance are implemented properly.
General Policy of Audit
SKAI plays an essential role in assisting all levels of management, to ensure that all operational activities are in accordance with the Bank’s internal and external guidance. The general and specific objective of an audit is to provide an independent assessment and analysis of the Bank’s internal control systems and activities, and to improve the effectiveness and efficiency of these activities and operational procedures that are under the management’s control.
Management and Organization
SKAI is a management tool to ensure that the Bank is capable of managing its Third Party Funds and the activities are in accordance with the Bank’s policies and guidance. With regards to the President Director’s reporting structure, SKAI also functions as a monitoring system of the internal and external audit findings, as well as implementing risk management process to ensure that the scope of control and effectiveness of all business activities operate as mandated by the management.
Tasks and Responsibilities
The objective of an internal audit is to assist the President Director and Board of Commissioners in supervising operational activities, through a focus on the planning, implementation, and monitoring of the audit results. The internal audit represents its professional opinion and interest by conducting evaluation, analysis, and assessment of all processes and activities from a risk-based approach.
SKAI makes every effort to provide objective recommendations and information to all levels of the management on the activities evaluated by their risk factor. This overall process is crucial to ensure that the Principles of Good Corporate Governance is properly applied.
Scope of Audit
The scope of Internal Audit encompasses all operational areas of the Bank and its subsidiary to determine the quality of internal control, risk management, and corporate governance.
The Audit Program of audit universe was set with a systematic and consistent mechanism. An annual audit plan is prepared by taking into account bank-wide risk assessment, regulatory requirements, management guidelines, audit committee, risk profile, and audit findings of past periods to ensure that there is no repetition of reported findings.
In conducting its task and responsibility, SKAI is guided by the Standards for the Practice of Internal Audit Function for Commercial Banks (SPFAIB) in accordance with Bank Indonesia’s Regulation No. 1/6/PBI/1999, and the Internal Audit Charter that states SKAI Vision, Mission, purposes, scope of work and SKAI’s position in the Bank’s organization structure.
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