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Datasonic Group Berhad
(Company No. 809759-X)
42
AUDIT COMMITTEE REPORT
The Audit Committee of Datasonic Group Berhad (“the Company) is pleased to present the Audit
Committee Report for the financial year ended 31 March 2016 which provides insights into the manner
in which the Audit Committee discharged its functions, roles and responsibilities for the Company during
the said financial year.
COMPOSITION AND MEETINGS
The Audit Committee comprises of three (3) members, all of whom are Independent and Non-Executive
Directors in compliance with the requirements of paragraph 15.09(1)(a) and (b) of the Main Market Listing
Requirements ("MMLR") of Bursa Malaysia Securities Berhad (“Bursa Malaysia”). The Chairman of the Audit
Committee, Mr. Yee Kim Shing is a member of the Malaysian Institute of Accountants, the Institute of
Chartered Accountant of Australia and the Institute of Certified Public Accountants of Singapore which
further complies with paragraph 15.09(1)(c)(i) of the MMLR.
The Audit Committee held four (4) meetings during the financial year ended 31 March 2016 and the
attendance of the members was as follows:-
Audit Committee Members
Designation
Number of
Meetings attended
Mr. Yee Kim Shing @ Yew Kim Sing Chairman, Independent Non-Executive
Director
4/4
Dato’ Wan Mohd Safiain bin Wan
Hasan
Member, Independent Non-Executive
Director
4/4
Dato’ Wan Ibrahim bin Wan
Ahmad
Member, Independent Non-Executive
Director
4/4
Upon invitation by Audit Committee, the Audit Committee meetings were attended by the Managing
Director, Deputy Managing Director, representatives of the External Auditors, Chief Operating Officer, Chief
Financial Officer, Chief Internal Auditor and relevant members of theManagement Team to facilitate direct
communication and provide clarification on audit issues, Group’s operations as well as other matters within
the terms of reference of the Audit Committee, as applicable. Minutes of each Audit Committee meeting
were recorded and tabled for confirmation and adoption at the next following Audit Committee meeting
and subsequently presented to the Board for notation. Theminutes of the Audit Committeemeetings which
include records of the deliberations, decisions and resolutions on the matters brought up in the meetings
are properly maintained by the Company Secretary.
In May 2016, the Nomination Committee reviewed the term of office and performance of the Audit
Committee and its members through an annual evaluation focusing on the adequacy and effectiveness
of the Audit Committee based on the self-assessed evaluations carried out by the Audit Committee
members as well as the Nomination Committee own assessment on the performance and the effectiveness
as a Board Committee. Based on the Nomination Committee’s assessment and recommendation, the
Board was satisfied that the Audit Committee and its members have carried out their functions, duties and
responsibilities in accordance with its Terms of Reference.