PRINCIPLE B: EFFECTIVE AUDIT AND RISK MANAGEMENT (CONT’D) PART II: RISK MANAGEMENT AND INTERNAL CONTROL FRAMEWORK (CONT’D) 12. Internal Audit Function (Cont’d) The internal audit function of Keyfield is outsourced to an independent professional firm, Baker Tilly Monteiro Heng Governance Sdn. Bhd. (“Baker Tilly Malaysia” or “Internal Auditors”). The Internal Auditors are independent and free from any relationships or conflicts of interest within the Group, enabling them to conduct internal audit reviews objectively, impartially, proficiently and with due professional care. The Internal Auditors conduct internal audit reviews periodically based on the approved internal audit plan, and reports directly to the ARMC to preserve the independence and integrity of the internal audit function. The internal audit engagements are conducted in accordance with the International Professional Practice Framework (“IPPF”) for Internal Auditing issued by the Institute of Internal Auditors (“IIA”). To facilitate the internal audit process, the Internal Auditors are granted comprehensive and unrestricted access to all information and resources within the Group. This ensures that they have sufficient information and resources to conduct internal audits seamlessly and effectively. Upon the completion of each internal audit review, the Internal Auditors will present their findings to the ARMC, along with root-cause analysis, potential risks and implications, and recommended corrective actions. Follow-up audits will also be conducted at the next internal audit review to ensure that the Management implements the agreed-upon corrective action plans within the stipulated timeframe. Further details on the Group’s internal audit function are provided in the Audit and Risk Management Committee Report and the Statement on Risk Management and Internal Control in this Annual Report. PRINCIPLE C: INTEGRITY IN CORPORATE REPORTING AND MEANINGFUL RELATIONSHIP WITH STAKEHOLDERS PART I: ENGAGEMENT WITH STAKEHOLDERS 13. Communication between the Company and Stakeholders The Board acknowledges the significance of prompt, transparent, regular and efficient communication with the shareholders and stakeholders and is committed to providing informative, timely, accurate, consistent and fair disclosure of the Group’s business operations and development to the shareholders and the public. To ensure effective communication with stakeholders, the following communication channels are mainly used by the Company to disseminate information on a timely basis: (i) Company’s website; (ii) Company announcements made to Bursa Securities; (iii) Annual Reports; (iv) General meetings; (v) Press conferences/ media releases; (vi) Telephone/Facsimile/E-mail/Post; and (vii) Such other means of communication as may be deemed appropriate. 125 Annual Report 2025
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