SECTION 3: ACCOUNTABILITY AND AUDIT

Financial Reporting

The Board is responsible to ensure that the financial statements are prepared in accordance with the Companies Act, 2016 and the applicable approved accounting standards in Malaysia.

In preparing the annual financial statements and quarterly announcements to shareholders, the Board has:

  • Ensured that all applicable accounting standards and the Listing Requirements of Bursa Securities have been applied and followed consistently;

  • Made reasonable and prudent judgments and estimates; and

  • Prepared financial statements on the going concern basis, having made adequate resources to continue its operations for the foreseeable future.

Audit Committee

The Audit Committee assists the Board in scrutinising the financial reports to ensure accuracy, completeness and adequacy of information before recommending to the Board for adoption.

(Terms of Reference for Audit Committee is Stated in Appendix B)

 

Internal Control

The Board maintains a sound internal control framework to safeguard the shareholders’ investment in the Group. The Statement on Internal Control furnished in Annual Reports provides an overview of the state of internal control within the Group.

appendix b

Terms of Reference for Audit Committee