D INTERNAL AUDIT ACTIVITIES FOR THE FINANCIAL YEAR During the financial year, Internal Audit function had completed and reported audit assignments covering the following areas:- Group Support Services ∙ Company Vehicle Management ∙ Human Resources and Payroll Management ∙ Procurement to Payment Management Manufacturing ∙ Procurement Management Property Development ∙ Sales Administration Management Construction ∙ Project Construction and Site Asset Management (NS) ∙ Project Construction and Site Asset Management (Johor) Healthcare ∙ Cash and Treasury Hospitality ∙ Membership and Marketing Management ∙ Maintenance and Building Facilities ∙ Revenue and Collection Management Education ∙ Human Resources and Payroll Management The findings arising from the above reviews have been reported to management for their response and subsequently for Audit Committee’s deliberation. E ATTENDANCE Details of Attendance A total of five (5) Audit Committee meetings were held during the FY2023. The attendance record of each member is as tabulated below:- MEMBERS TOTAL NUMBER OF MEETINGS NUMBER OF MEETINGS ATTENDED Mazhairul Bin Jamaludin 5 5 Dato’ Hon Choon Kim 5 5 Dato’ Hajah Kalsom Binti Khalid 5 5 Chua See Hua 5 5 Loo See Mun 5 5 F. REVIEW AND PERFORMANCE EVALUATION OF THE EXTERNAL AUDITORS As required by its TOR, the Committee conducted their annual performance evaluation in an effort to continuously improve its processes. The Committee’s responsibility is to monitor and review the processes performed by the management and the External Auditors. It is not the Committee’s duty or responsibility to conduct auditing or accounting reviews or procedures. The Committee members are not employees of the Company. Therefore, the Committee has relied, without independent verification, on management’s representation that the financial statements have been prepared with integrity and objective and in conformity with the approved accounting principles generally accepted in Malaysia and on the representations of the External Auditors included in its reports on the Company’s financial statements and internal control over financial reporting. AUDIT COMMITTEE REPORT INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 119
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