ENRA Group Berhad | Annual Report 2022 59 AUDIT AND RISK MANAGEMENT COMMITTEE REPORT The Board of ENRA is pleased to present the Audit and Risk Management Committee Report for the financial year ended 31 March 2022 Composition and Meeting As at the date of this report, the ARMC has four members, all of whom are Independent Non-Executive Directors (“NEDs”). All of the Independent NEDs satisfy the test of independence under MMLR of Bursa Securities. The composition of the ARMC complies with Paragraph 15.09(1)(a) and (b) of the MMLR and Practice 9.4 (Step-up) under Principle B of the MCCG 2021. Datuk Ali bin Abdul Kadir is a Fellow of the ICAEW, a member of the MICPA and a member of the MIA. Tunku Afwida binti Tunku Abdul Malek, who was appointed on 8 March 2022, is also a member of the MIA and qualified as a Chartered Accountant from the ICAEW. Accordingly, the Company complies with Paragraph 15.09(1)(c)(i) of the MMLR. In addition, the Company also complies with Practice 9.2 of the MCCG 2021 that none of the Directors were former partners of the external audit firm of the Company. The ARMC held seven meetings during the financial year ended 31 March 2022. The meetings were appropriately structured through the use of agendas which were distributed to members with sufficient notification (at least seven days prior to the meeting). The President & Group Chief Executive Officer, the Executive Director and the Group Chief Financial Officer were present in all the meetings to facilitate direct communication and provide clarification on audit and internal control issues as well as to report the Group’s financial performance. The head of Internal Audit attended all the meetings to table the quarterly internal audit and risk management reports. The external auditors, Messrs. BDO PLT (“BDO”) attended three of these meetings upon the invitation of the ARMC to present the Audit Planning Memorandum, annual audit findings, draft audited financial statements and financial matters for the financial year 2022. As part of the ARMC’s efforts to ensure the reliability of the Company’s quarterly financial statements and their compliance with the applicable Financial Reporting Standards, BDO was engaged to conduct a limited review of ENRA’s financial results on a half-yearly basis before their presentation to the ARMC for review and recommendation for the Board’s approval and adoption. The minutes of each ARMC meeting were recorded and tabled for confirmation at the following ARMC meeting and subsequently presented to the Board for notation. The Chairman of the ARMC reported the ARMC’s recommendations to the Board for its consideration and implementation. Matters of significant concern and audit issues as and when raised by the External Auditors or Internal Auditors were highlighted to the Board at its immediate subsequent meeting. Attendance of the members of the ARMC at meetings held during the financial year is as follows: Name Membership Attendance (Attended/held) Tan Sri Dato’ Seri Shamsul Azhar bin Abbas Chairman Senior Independent Non-Executive Director 7 out of 7 Datuk Ali bin Abdul Kadir Member Independent Non-Executive Chairman 7 out of 7 Datuk Anuar bin Ahmad (resigned on 8 March 2022) Member Independent Non-Executive Director 7 out of 7 Dato’ Wee Yiaw Hin Member Independent Non-Executive Director 6 out of 7 Tunku Afwida binti Tunku Abdul Malek (appointed on 8 March 2022) Member Independent Non-Executive Director 0 out of 0 * * reflect the number of meetings held during the time the Director held office during the financial year
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