98 DATASONIC GROUP BERHAD GOVERNANCE 05 B. INTERNAL AUDIT FUNCTION (CONT’D) The results of the audits performed by IAD were reviewed by the Audit Committee. The Internal Audit reports were also presented and discussed with Executive Director with concentration on matters of disputable findings and audit recommendations/corrective measures for appropriate resolutions prior to the Audit Committee meetings. The relevant Management members were made responsible to ensure the committed corrective actions were implemented within the committed timeframes. IAD conducted follow-up audits on the key findings to ensure that the corrective actions were implemented appropriately and as committed. The IAD is staffed with 6 personnel and all internal auditors possess tertiary qualifications with number of years of audit and work experience. The internal auditors are encouraged to continuously enhance their knowledge, skills and competencies through relevant professional audit certifications and always keep abreast of development in the profession and industry through continuous trainings and development activities appropriate to their respective levels. In order to maintain its independence and objectivity, IAD has no operational responsibility and authority over the audited activities. The Audit Committee remained satisfied that the IAD had sufficient resources during the financial year to undertake its duties effectively and able to function independently. The total costs incurred by the Internal Audit function in discharging its roles and responsibilities for the working period in the financial year ended 31 March 2023 amounted to approximately RM530,000. This Report was made in accordance with the resolution of the Board of Directors passed on 26 May 2023. AUDIT COMMITTEE REPORT
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