Structure and Membership The current composition of the Audit Committee is

P T M A T A H A R I D E P A R T M E N T S T O R E T B K 2 0 1 5 A N N U A L R E P O R T 187 CORPORATE GOVERNANCE STRUCTURE STRUKTUR TATA KELOLA PERSEROAN Audit Internal, kami melakukan pengamatan atas prosedur dan kebijakan akuntansi, pengujian efekivitas pengawasan terpadu dalam kegiatan operasional dan mencermai serta melakukan diskusi secara intensif dengan Manajemen, Auditor Internal dan Eksternal. Memenuhi kewajiban pengungkapan hasil penelaahan Komite Audit dalam Laporan Tahunan Perseroan, berikut kami sampaikan bahwa : a. Kegiatan usaha Perseroan dijalankan dengan pengendalian internal yang cukup efekif, yang secara terus menerus diingkatkan kualitasnya, sesuai dengan kebijakan yang digariskan oleh Direksi serta diawasi oleh Dewan Komisaris. b. Laporan keuangan yang telah disusun dan disajikan dengan baik memenuhi prinsip akuntansi yang berlaku umum di Indonesia. c. Perseroan telah mematuhi peraturan perundang- undangan pasar modal dan peraturan lainnya yang berhubungan dengan kegiatan Perseroan. d. Pemilihan Akuntan Publik untuk tahun 2015 direkomendasikan oleh Direksi dengan memperimbangkan aspek independensi dan kompetensi dan disetujui oleh Dewan Komisaris yang telah menerima wewenang dari pemegang saham dalam Rapat Umum Pemegang Saham yang diselenggarakan pada tanggal 28 Mei 2015. e. Tidak ditemukan adanya potensi penyalahgunaan wewenang atau penyelewengan yang memerlukan perhaian serta perimbangan dari Dewan Komisaris Perseroan. f. Tidak ditemukan keidak-patuhan atas resolusi Pemegang Saham atas jumlah dan pembayaran remunerasi tahunan Dewan Komisaris. report, the Internal Auditors’ indings, the Audit Commitee has examined the Company’s accouning policies and procedures, tested the efeciveness of its internal control and conducted intensive discussions with the Management, Internal and the External Auditors. In the fulillment of its responsibility to disclose its examinaion results to the Company’s Annual Report, the Audit Commitee herewith reports that: a. The Company’s business aciviies have been conducted under an efecive internal control, whose quality has been coninually improved in accordance with the policies set by the Board of Directors under the supervision of the Board of Commissioners. b. The inancial statements have been properly prepared and presented in accordance with generally accepted accouning principles in Indonesia. c. The Company has complied with the capital market and other regulaions relevant to its aciviies. d. The appointment of the External Auditors for 2015 has been recommended by the Board of Directors on the basis of their competence and independency, and approved by the Board of Commissioners mandated by the shareholders at the General Shareholders’ Meeing held on May 28, 2015. e. No potenial for the abuse of authority or misconduct have been ideniied which need the atenion and the consideraion of the Company’s Board of Commissioners. f. No non-compliance with Shareholders’ resoluion guiding the amount and payment of total annual remuneraion to the BOC. Tangerang 25 Februari 2016 February 25, 2016 Audit Commitee of PT Matahari Department Store Tbk, John Bellis KETUA | CHAIRMAN Farid Harianto ANGGOTA | MEMBER DR. Isnandar Rachmat Ali ANGGOTA | MEMBER P T M A T A H A R I D E P A R T M E N T S T O R E T B K L A P O R A N T A H U N A N 2 0 1 5 188 CORPORATE GOVERNANCE STRUCTURE STRUKTUR TATA KELOLA PERSEROAN 1 2 3 4 5 6 7 8 9 10 11 12 Review and update the Audit Commitee Charter and Responsibiliies Calendar annually Complete an annual evaluaion of the commitee’s performance Provide a report in the annual report that includes the Commitee’s review and discussion of maters with management and the Independent Auditor Appoint or replace the Independent Auditor and approve the terms on which the Independent Auditor is engaged for the ensuing iscal year At least annually, evaluate the Independent Auditor’s qualiicaions, performance, and Independence, including that of the lead partner. The evaluaion will include obtaining a writen report from the independent auditor describing the irm’s internal quality control procedures, any material issues raised by the most recent public company accouning oversight board inspecion, internal quality control review, of the irm or by any inquiry or invesigaion by governmental or professional authoriies within the past ive years, concerning an independent audit or audits carried out by the irm, and any steps taken to deal with those issues and all relaionships between independent auditor and the company Resolve any disagreements between management and the independent auditor about inancial reporing Establish and oversee a policy designaing permissible services that the independent auditor may perform for the company, providing for preapproval of those services by the Commitee subject to the deminish excepions permited under applicable rules, and quarterly review of any services approved by the designated member under the policy and the irm’s non audit services and related fees Review the responsibiliies, resources, funcions and performance of the company’s internal audit department Review and approve the appointment or change in the internal audit execuive Ensure receipt from the independent auditor of a formal writen statement delineaing all relaionships between the auditor and the company, consistent with applicable requirements of the public company accouning oversight board regarding the independent auditor’s communicaions with the Commitee concerning independence, acively engage in a dialogue with the auditor about any disclosed relaionships or services that may impact the objecivity and independence of the auditor, and take appropriate acion to oversee the independence of the independent auditor Advise the Board about the Commitee’s determinaion whether the Commitee consists of three or more members who are inancially literate, including at least one member who has inancial sophisicaion and is a inancial expert Inquire of management, the internal audit execuive, and the independent auditor about signiicant risks or exposures, review the company’s policies for risk assessment and risk management, and assess the steps management has taken to control such risk to the company No. Q1 √ √ √ √ √ Q2 √ √ √ Q3 √ √ √ Q4 √ √ Year End √ √ As Required √ √ √ √ Responsibiliies KALENDER 2016 KOMITE AUDIT Audit Comitee 2016 Calendar