Lautan Luas

Internal Audit

Internal Audit

As is an integral part of the Company’s internal control mechanism, Internal Audit is established to provide assurance in the implementation of the Company’s operational internal control through audit (assurance) activities and provide added value through independent and objective advisory activities. Internal Audit helps the Company in achieving business goals by adapting a systematic approach to evaluate and improve effectiveness of risk management, control and corporate governance processes.
The mission of Internal Audit is to enhance and protect values of the organization by providing objective and risk-based assurance, advice and insight.

The risk-based audit is carried out by referring to international standard framework as outlined in the International Professional Practices Framework (IPPF) published by the Institute of Internal Auditors (IIA) and the Committee of Sponsoring Organization of the Treadway Commission (COSO) focusing on effective risk management, corporate governance, ethical practices and internal control.

In addition, Internal Audit also adapts agile auditing and continuous auditing to support implementation of Internal Audit activities and as part of achieving the mission and vision of Internal Audit which provides advice and insight to management.

The Company adapts a  Three Lines Model for organizational governance with roles and functions in the Company, both executives and administrators, management and Internal Audit, work collectively to maintain internal control and ensure values have been aligned and become priority for the stakeholders.

Internal Audit is led by Head of the Internal Audit Division who works directly under President Director and coordinates closely with Audit Committee which assists Board of Commissioners in running the Company’s supervisory function.

Head Internal Audit

Shiska Valentina

Head of the Internal Audit Division is served by Shiska Valentina, an Indonesian citizen, since May 23, 2022 pursuant to Decree No. 92/LTL-LCS/V/2022 dated May 20, 2022. Previously, Shiska served as Special assignment in the Company and Lautan Luas Vietnam Financial Controller. Shiska earned a Bachelor’s degree in Economics from Tarumanagara University Jakarta in 2005 and Master’s degree from IPMI EMBA International Business School in 2021