86 SECTION 04 : CORPORATE GOVERNANCE GROUP INTERNAL AUDIT FUNCTION (CONT'D) The GIA team which is headed by Mr. Melvinder Singh Harminder Singh, Group Head of Compliance & Governance, who is a Chartered Member of the Institute of Internal Auditors Malaysia with more than 20 years of experience in internal auditing. Mr. Melvinder Singh and his team independently reviews the key business processes, and reports to the ARMSC on a quarterly basis. The ARMSC reviews and evaluates the key audit issues raised by the GIA team and ensures that appropriate and prompt remedial action is taken by Management. During the financial year, the GIA team prepared and presented an annual audit review schedule which outlines the key business processes of the MRO, Property Development and Energy Logistics divisions and the Group’s governance process, ESG efforts and policy. The ARMSC had reviewed and approved the schedule with the mandate in assessing the adequacy and effectiveness of the Group’s internal control system. The GIA team completed a holistic Corporate Governance Review of ENRA with reference to the MCCG 2021, ESG updates and reporting in line with the MMLR as a guideline. In addition, four routine audits were conducted, covering the MRO division, Property Development division and Information Technology (“IT”) function, along with assessments on the code of business conduct in accordance with the ARMSC’s approved annual review schedule. The area of coverage is aligned with the Group’s Risk Management assessment, which includes Finance, Human Resource, Operations, Procurement, Inventory, General IT, Sales, Marketing, Fraud Assessment and Project Management. The costs incurred for the internal audit function in respect of the FYE 2025 amounted to RM359,115.26 (2024: RM362,533.86). This ARMSC report is made in accordance with the resolution of the Board duly passed on 15 July 2025. Audit, Risk Management and Sustainability Committee Report (Cont’d)
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