Page 164 - XL Axiata Integrated Anual Report 2020 ENG

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2020 Integrated Annual Report
CORPORATE GOVERNANCE
• Reliability of Information Technology and Network Systems
• Management and Communication
• Communication with the BOD
• Communication with External Parties
• Continuous Monitoring
4. Monitoring:
• Independent Evaluation
• Reporting Deficiencies
• Performance Measurements
• Other Matters
Company’s Commitment on the Implementation of Internal Control System Management is responsible for the implementation of reliable and effective internal control system and is obliged to improve effective risk culture and shall ensure internal control system has been embedded on every level of the organization. Evaluation on internal control implementation includes changes
in internal and external conditions impacting the achievement of Company’s targets. Monitoring activity is focused on the Company’s key risks,
as part of its routine activities, including periodic evaluations to detect and prevent unknowingly accepted new risk.
Internal Audit Department is evaluating
and playing an active role in improving the effectiveness of internal control system on an ongoing basis with regard to the implementation of the company’s operations to achieve the goals set by the company.
The evaluation results are submitted to Management for follow up and the implementation will be monitored to ensure the internal control system is effective.
BOD and Senior Management are committed to follow up recommendations from the Internal Audit Department.
In order to strengthen the internal control system, specifically to control fraud, the company applies a comprehensive anti-fraud strategy.
Issues related to the adequacy of internal controls have been reported to the BOD and follow-up actions have been taken to minimize risks. The reports were also submitted to the BOC through the BAC.
PT. XL AXIATA TBK TRANSFORM FASTER TO EMERGE STRONGER – GIVING BACK TO THE NATION