The internal auditors carried out the internal audit activities within the framework of the Audit Charter and based on methodology which is consistent with the International Standards for the Professional Practice of Internal Auditing issued by the Institute of Internal Auditors. A summary of the work of the internal audit function for the financial year ended 30 June 2022 is as follows: • Prepared the Internal Audit Plan for approval of the Audit Committee. • Issued Internal Audit Reports to the Audit Committee and Management, identifying weaknesses and issues as well as highlighting recommendations for improvement. Such recommendations were acted upon by Management within agreed timelines. • Attended all Audit Committee meetings to table and discuss the audit reports and followed up on matters raised. • Acted on suggestions made by the Audit Committee on concerns over operations or control. • Followed up on management corrective actions on audit issues raised during their course of audit. Determined whether corrective actions taken had generally achieved the desired results. The total cost incurred for the internal audit function for the financial year ended 30 June 2022 was RM1,224,592.00. 151 DNeX INTEGRATED REPORT 2022
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