PT SAPTA BORNEO UTAMA
Audit & Assurance Documentation Package
SBU-AUD-002 Strictly Confidential Final / Published

# Audit Committee Charter

Charter establishing the authority, responsibilities, composition, reporting lines and oversight functions of the Audit Committee.

## Purpose

The Audit Committee assists the Board in overseeing financial reporting, internal controls, risk management, audit activities, compliance matters and corporate governance practices.

## Committee Responsibilities

- Review financial statements.
- Monitor internal control effectiveness.
- Oversee internal audit activities.
- Coordinate external audit reviews.
- Monitor compliance obligations.
- Review significant risk matters.
- Report findings to the Board.

## Committee Authority

Authority | Description
--- | ---
Information Access | Unrestricted access to records and personnel
Audit Reviews | Request audits and investigations
External Advisors | Engage independent specialists
Reporting | Direct communication with Board

## Oversight Areas

Area | Responsibility
--- | ---
Financial Reporting | Accuracy and completeness
Internal Controls | Design and effectiveness
Risk Management | Monitoring and escalation
Compliance | Regulatory adherence
Audit Activities | Internal and external audits
Fraud Prevention | Investigation oversight

## Meeting Requirements

Requirement | Standard
--- | ---
Regular Meetings | Quarterly
Special Meetings | As Required
Quorum | Majority of Members
Minutes | Mandatory
Board Reporting | After Each Meeting

## Reporting Framework

Report | Frequency
--- | ---
Audit Committee Report | Quarterly
Financial Review Report | Quarterly
Compliance Review | Quarterly
Audit Findings Summary | Quarterly
Annual Assurance Report | Annual

## Charter Statement

The Audit Committee shall operate independently and objectively to strengthen governance, transparency, accountability and institutional confidence in PT Sapta Borneo Utama.