DESTINI AR 2017

Audit Committee Members and Meeting Attendances The present members of the Audit Committee comprise the following: Chairman Dato’ Megat Fairouz Junaidi Tan Sri Megat Junid Members Professor Datin Dr Suzana Sulaiman @ Mohd. Suleiman Dato’ Che Sulaiman Shapie The Audit Committee held five (5) meetings during the financial year ended 31 December 2017. The details of attendance of the Audit Committee members are as follows: Name of Directors No. of meetings attended Dato’ Megat Fairouz Junaidi Tan Sri Megat Junid 5/5 Dato’ Che Sulaiman Shapie 5/5 Professor Datin Dr Suzana Sulaiman @ Mohd Suleiman 5/5 The Audit Committee may invite the Head of Internal Audit, the Accountant and the Company Secretary or any members of the management to attend any of its meetings as it determines. Independence of the Audit Committee The Company recognised the need to uphold independence of its external auditors and that no possible conflict of interest whatsoever should arise. Currently, none of the members of the Board nor the Audit Committee of the Company were former key audit partners of the external auditors appointed by the Group. The Company will observe a cooling-off period of at least two (2) years in the event any potential candidate to be appointed as a member of the Audit Committee was a key audit partner of the external auditors of the Group. Financial Literacy of the Audit Committee Members Collectively, the members of the Audit Committee have the relevant experience and expertise in finance and accounting, and have carried out their duties in accordance with the Terms of Reference of the Audit Committee. The qualification and experience of the individual Audit Committee members are disclosed in the Directors’ Profiles on pages 20 to 28 of this Annual Report. During the financial year ended 31 December 2017, all members of the Audit Committee had undertaken the relevant training programmes to keep themselves abreast of the latest development in accounting and auditing standards, statutory laws, regulations and best practices to enable them to effectively discharge their duties. Summary of Activities of the Audit Committee The activities undertaken by the Audit Committee during the financial year ended 31 December 2017 included the following: 1. Reviewed the quarterly and year–to-date unaudited financial results before submission to the Board for consideration and approval; 2. Reviewed the external auditor’s scope of work and audit plan for the year; 3. Reviewed the annual audited financial statements of the Group before recommending to the Board for their approval and release of the Group’s results to Bursa Securities; 4. Reviewed and discussed with the external auditors of their audit findings inclusive of system evaluation, audit fees, issues raised, audit recommendations and management’s response to these recommendations; 5. Evaluated the performance of the external auditors for the financial year ended 31 December 2017 covering areas such as calibre, quality processes, audit team, audit scope, audit communication, audit governance and independence and considered and recommended the re-appointment of the external auditors; 6. Reviewed and assessed the adequacy of the scope and functions of the internal audit plan; 66 DESTINI BERHAD COMMITTEE REPORT AUDIT