MKH Annual Report 2019

063 M K H B e r h a d During the financial year under review, the Audit Committee had carried out its duties and responsibilities namely held discussion with external auditors, in-house internal auditors, risk management committee and relevant members of management in accordance with its terms of reference. The Audit Committee is of the view that no material misstatement, contingencies or uncertainties and significant deficiencies in internal control have arisen, based on the reviews made and discussion held. Composition and Meetings The Audit Committee is appointed by the Board of Directors from amongst Non-Executive Directors and comprise of three (3) members, all of whom are Independent Non-Executive Directors. The Chairman of the Audit Committee, En. Jeffrey bin Bosra is a member of the Malaysian Institute of Certified Public Accountants (“MICPA”) and the Malaysian Institute of Accountants (“MIA”). The other members of the Audit Committee are Haji Mohammed Chudi bin Haji Ghazali and Haji Hasan Aziz bin Mohd Johan. The Audit Committee meetings were structured through the use of agendas and relevant board papers which were distributed to the Audit Committee prior to such meetings. During the financial year, five (5) meetings were held with the attendance of the Chief Financial Officer, Chief Treasury Officer/ Group Company Secretary, Group Accountant, Partners and/or Managers from the external auditors and in-house internal audit team also attended the meetings upon invitation where matters relating to the external and internal audit were discussed. The Audit Committee also met with the external auditors without the presence of management during each of the Audit Committee meeting. The Chairman of the Audit Committee will report and highlights key issues discussed at each Audit Committee meeting to the Board accordingly. Details of the Audit Committee members’ attendance are appended below: Name of Directors Directorship No. of Meetings Attended En. Jeffrey bin Bosra (Chairman) Independent Non-Executive Director 5/5 Haji Mohammed Chudi bin Haji Ghazali (Member) Senior Independent Non-Executive Director 5/5 Haji Hasan Aziz bin Mohd Johan (Member) Independent Non-Executive Director 5/5 For the financial year under review, the performance and effectiveness of the Audit Committee has been evaluated through Audit Committee members’ self and peer evaluation conducted by the Audit Committee and endorsed by the Nomination Committee. Having reviewed the Audit Committee’s performance, the Board is satisfied that the Audit Committee members have been able to discharge their functions, duties and responsibilities in accordance with the terms of reference of the Audit Committee. The details of the terms of reference of the Audit Committee are available for reference at www.mkhberhad.com. AUDIT COMMITTEE report