EN / ID
07 June 2022

Support Internal Control in SHU Financial Statements, Elnusa Held a Kick off Meeting

Jakarta, June 7, 2022 - PT Elnusa Tbk (ELNUSA, IDX: ELSA) A leading energy service company that provides a total solution held a Kick Off Meeting for the Implementation of Internal Control over Financial Report (ICoFR) at Graha Elnusa (6/6). Present at the event, Harry Mozarta Zen, Finance Director of PT Pertamina Hulu Energi (PHE) and Management, Tedi Kurniadi VP Policy Development & Assurance of PT Pertamina (Persero), all Directors of Elnusa and Management.

In order to carry out business process compliance in accordance with the Work Procedure System (STK) which refers to applicable regulations, it is necessary to implement ICoFR, an internal control process designed and implemented by the Company's management to provide reasonable assurance related to the reliability of the Company's financial statements.

John Hisar Simamora, President Director of Elnusa officially opened the Kick off meeting of ICoFR Implementation and expressed his full support for the implementation of ICoFR in elnusa environment to prevent heavy losses. "The existence of ICoFR actually makes our role as the Board of Directors to be responsible for the preparation and presentation of the consolidated financial statements of Elnusa and its Subsidiaries, as well as the internal control system within the Group".

On the same occasion, Bachtiar Soeria Atmadja, Finance Director of Elnusa delivered his presentation, that building an ICoFR culture in the Upstream Subholding (SHU) environment is a form of support for making financial reports that are tested for effectiveness. "The implementation of ICoFR aims to provide confidence that financial statements adequately reflect all financial transactions, all transactions have been recorded in accordance with applicable policies, directives and standards. Not only that, workers must know where the money is being spent. Therefore, we need support and cooperation so that the implementation of the ICoFR project can run properly".

Harry Mozarta Zein, Finance Director of PHE and Tedi Kurniadi, VP Policy Development & Assurance Pertamina also said that this kick off meeting event was a form of commitment to implement ICOFR in the SHU environment. With Elnusa's varied business, implementing ICoFR may not be easy. However, one thing that is key is the use of precise and measurable Key Controls. All workers are required to collaborate in running ICoFR in order without being missed. 

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