Internal Audit Roles and Functions
PT Bank Mandiri Persero Tbk.
• The following are other services in addition to the inancial audit
service: attestation service, which is a binding agreement of agreed reliable
procedures of a reporting system to Bank Indonesia, security system of
scriptless securities, and custodian service for Mutual Funds. Other
services includethe performance evaluation, audit compliance with
legistation, and internal control PSA 62.
The appointment of Public Firm Accountant on the service has been
in accordance with the regulations of Bank Indonesia, Bapepam-LK, or other
related regulations, and which has been approved by the Audit Committee.
Public Accounting Firm that have Audited the FInancial Statements of PT Bank Mandiri Persero Tbk.
Book Year Name of Public Accounting Firm
Accountant Fee
Rp.million 2008
Purwantono, Sarwoko Sandjaja Ernst Young Benyanto Suherman
11,390.5 2009
Haryanto Sahari Rekan PricewaterhouseCoopers Drs. Haryanto Sahari, CPA
10,697.5 2010
Tanudiredja, Wibisana Rekan PwC Drs. Haryanto Sahari, CPA
11,495.0 2011
Tanudiredja, Wibisana Rekan PwC Drs. Haryanto Sahari, CPA
11,800.0 2012
Tanudiredja, Wibisana Rekan PwC Lucy Luciana Suhenda, SE;AK;CPA
9,500
Include Tax
THE COMPANY ACCOUNTANT
• The total period of of conducted audits of the Company Annual
Financial Report for one year. • The total period of public accountant
irms in auditing the Company Annual Financial Report for four years.
• The total audit fee for the said external auditor services for iscal year ended
31 December 2012 amounted to Rp8.3 billion before VAT and other
attestation services amounted to Rp0.3 billion before VAT.
PT Bank Mandiri Persero Tbk.
RISK MANAGEMENT
Risk management implementation is conducted by the guidelines of
Bank Indonesia Regulation PBI concerning the Implementation of Risk
Management for Commercial Banks No. 58PBI2003 dated 19 May 2003 as
amended with PBI No. 1125PBI2009 and Bank Indonesia Circular Letter
No. 1323DPNP dated 25 October 2011 concerning the Amendment
on Circular Letter No. 521DPNP regarding the Implementation of Risk
Management for Commercial Banks. The implementation was carried out
through risk management processes, which are; identiication, measurement,
monitoring and controlling of risk in all levels.
Considering that bank’s business growth is inluenced by risk exposures
both directly from its business activity as well as indirectly from the
subsidiaries’ business activity, the Bank guarantees to apply prudent principles
to all its business activities.
The following are reports on the risk management policy of Bank Mandiri:
1. Active Supervision of the Board of Commissioners and the Directors
a. The Board of Commissioners and the Directors understood the risks that are
faced by the Bank and has provided clear direction, carried out active
supervision and mitigation, as well as developed the Risk Management
culture in the Bank. b. The Directors established the
organization structure that clearly relected the limits of authority,
responsibility and functions, as well as independency between business
units with work units of bank risk management.
c. The Board of Commissioners holds the responsibility in the approval
and periodical observation of the risk strategy and policy that covers
the Bank tolerance levels toward risk, the cyclic trends of domestic and
international economy, as well as the design for long-term requirements.
d. The Directors are responsibe in implementing the risk strategy
and policy, by clearly outlining and communicating of risk strategy policy,
monitoring and controlling risks and evaluating of the implementation of
policy and strategy.
e. The Directors monitor the internal and external conditions, to ensure
the execution of the Bank strategy has taken into account the risk
impacts and to ensure that the work units in the Bank have the authority
and responsibility that supports the formulation and monitoring of
strategy impelementation; including the corporate plan and business plan.
f. The Directors established the procedure of adequate review on
the accuracy of risk assessment methodology, risk SIM implementation
adequacy, as well as risk limit and procedure policy.
2. The Adequacy of Policy, Limits Determination and Procedure
a. The implementation of Risk Management is supported by
the framework covering the Risk Management policies and procedures,
and limits the risks, as clearly deined by the vision, mission and the Bank
business strategy.
b. The Bank has written policies and procedures that omply with the
principles of transparency, improving the quality of customer service
obligations to stakeholders. The policy must be in accordance with the
legislation in force.
c. The Bank risk management policy is developed in accordance with
the Bank mission, business strategy, capital adequacy, HR capability, and
risk appetite.
d. The Bank conducts evaluation and renews its risk management policies
by taking into the development of internal and external conditions.
e. Determination of risk limits has been adequate; including limit per product
transaction, per risk types and per functional activity, and the adequacy
of monitoring procedures on a regular basis.
CORPORATE GOVERNANCE