Page 30 - KRA Annual Report 2020
P. 30
KRA ANNUAL REPORT Company
2020 Profile
INTERNAL/EXTERNAL CONTROL SYSTEM
To maintain and improve the effectiveness of internal audit and control systems, the company evaluates
internal control system regularly. The objectives of the evaluation are as follow:
1. To provide assurance to the Board of Directors in providing assertion on the effectiveness of internal
control to further provide assurance to other stakeholders that the application of the company internal
control system is adequate enough to achieve desired objectives, namely: the compliance to the
applicable laws and regulations, the availability of financial and management information in a correct,
complete, accurate and timely manner, and the efficiency/effectiveness of the company operation.
2. To provide recommendations to Board of Directors for future improvements to the implementation of
company internal control system (areas of improvement).
The company has implemented internal control system in several matters such as compliance, risk
management, and document & information management/information security.
In 2020, The Company already conducted Compliance Risk Audit in 2 areas, which be held by KRA Internal
Auditor. The objectives of this audit are:
1. Inventory Control (5 monitoring items)
2. Procurement / Account Payable (AP) (4 monitoring items)
In 2021, the company has plan tentatively in July, to do CR Audit for area IT Management. By KRA Internal
Auditor.
Operational functions audit will be conducted by Komatsu Group Indonesia Internal Auditor, and tentatively
held in September 2021. The objective areas are:
1. Sales, Revenue Recognition (1 monitoring item)
2. Human Resource Control (3 monitoring items)
3. Expense Control (5 monitoring items)
4. Inventory Control Management (5 monitoring items)
5. IT Management (3 monitoring items)
Compliance Risk Internal Audit Inventory Control Compliance Risk Internal Audit Procurement
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| Readiness and Resilience | Annual Report 2020 | Komatsu Remanufacturing Asia |
