UEM EDGENTA BERHAD Integrated Annual Report 2025 252 The reviews conducted are based on the risk-based Annual Audit Plan approved by the AC. The results of audit reviews, including status of management action plans are reported regularly to the AC for deliberation. In September 2025, IA enhanced our audit tracking capabilities by migrating from a manual tracking approach to an online Audit Management System via the Edgenta Audit Management System (EAMS). This digitalisation allows systematic monitoring of audit recommendations and provides early warning alerts as deadlines approach. Internal Audit continued to strengthen its competencies through the introduction of the Internal Audit Strategic Plan. In parallel, the Internal Audit Manual was reviewed and enhanced to ensure alignment with the Global Internal Audit Standards issued by the Institute of Internal Auditors. Both documents were approved by the Board Audit Committee in November 2025. The Group has also established a Management Audit Committee (“MAC”) to ensure effective actions are taken to address internal control weaknesses and proper closures of all audit issues and areas for improvement highlighted by the IAD. The MAC is chaired by the Managing Director/Chief Executive Officer and holds its meeting regularly. ASSURANCE FROM MANAGEMENT The Board has received assurance from the Managing Director/ Chief Executive Officer and Chief Financial Officer that a review on the adequacy and effectiveness of the risk management framework and internal control system has been undertaken and the Group’s risk management and internal control system are operating adequately and effectively, in all material aspects, based on the risk management and internal control system of the Group. REVIEW OF THE STATEMENT BY EXTERNAL AUDITORS The External Auditor has performed limited assurance procedures on this Statement on Risk Management and Internal Control in accordance with the Malaysian Approved Standard on Assurance Engagements, ISAE 3000 (Revised), Assurance Engagements Other than Audits or Reviews of Historical Financial Information and Audit and Assurance Practice Guide 3, Guidance for Auditors on Engagements to Report on the Statement on Risk Management and Internal Control included in the Annual Report issued by the Malaysian Institute of Accountants (“MIA”) for inclusion in the Annual Report of the Group for the year ended 31 December 2025, and reported to the Board that nothing has come to their attention that causes them to believe that the statement is not prepared, in all material respects, in accordance with the disclosure required by paragraphs 41 and 42 of the Statement on Risk Management and Internal Control: Guidelines for Directors of Listed Issuers, nor is the Statement factually inaccurate. This Statement on Risk Management and Internal Control was approved by the Board on 18 March 2026. CONCLUSION The Board is of the view that the risk management and internal control system are in place for the year under review, and up to the date of approval of the Statement on Risk Management and Internal Control, are sound and sufficient to safeguard shareholders’ interests and the Group’s assets. STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL
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