Ni Hsin Berhad Annual Report 2018

Ni Hsin Resources Berhad (653353-W) Annual Report 2018 26 2. SUMMARY OF WORK OF THE AUDIT AND RISK MANAGEMENT COMMITTEE (continued) 2.3 External Audit (continued) e) met with the external auditors (without the presence of the Management staff or any Executive Directors) for the financial year ended 31 December 2018 on the following dates: - 22 February 2018 to discuss audit findings for the financial year ended 31 December 2017; and - 29 November 2018 to discuss Audit Plan and Strategy for the financial year ending 31 December 2018. 2.4 Internal Audit a) met with the internal auditors to review and approve the Group’s internal audit plan, scope of work and audit fees; b) met with the internal auditors to review the internal audit reports and findings on the adequacy and effectiveness of the internal control and risk management framework as well as other compliance and governance processes; c) met with the internal auditors (without the presence of the Management staff or any Executive Directors) for the financial year ended 31 December 2018 on the following dates: - 22 February 2018 to discuss the Internal Audit Strategy and Planning Memorandum; - 24 May 2018 to discuss the internal audit findings; - 27 August 2018 to discuss the internal audit findings; - 29 November 2018 to discuss the internal audit findings; and d) reviewed the adequacy of the scope, functions, competency and resources of the internal audit function, and that it has the necessary authority to carry out its work. 2.5 Others a) reviewed the ARMC Report, Statement on Risk Management and Internal Control, Corporate Governance Overview Statement, Corporate Governance Report and Corporate Sustainability Statement before submission to the Board for consideration and approval for inclusion in the Company’s Annual Report for the financial year ended 31 December 2017; and b) reviewed Circular to Shareholders in respect of (i) Proposed Renewal of Existing Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature; and (ii) Proposed Renewal of Authority for the Company to Purchase Its Own Ordinary Shares before submission to the Board for consideration and approval. 3. TRAINING During the financial year ended 31 December 2018, the ARMC Chairman and the members attended the following training programmes, seminars, forums and discussions to enhance their knowledge to enable them to discharge their duties more effectively:- • The New Malaysian Code on Corporate Governance • Understanding the Tax Landscape in Malaysia • KPMG Penang Tax Summit 2018 Audit and Risk Management Committee Report (continued)