AUDIT COMMITTEE REPORT D I NTERNAL AUDIT ACTIVITIES FOR THE FINANCIAL YEAR During the financial year, internal audit function had completed and reported audit assignments covering the following areas:- Property Development • Assets and Consumables Management • Sales Marketing and Sales Administration Group Support Services • Procurement Management for Non-Project Items • Anti-Corruption Program • Information Technology Management Education • Facilities Maintenance, Safety, Security and Emergency Management • Information Technology Management - General Controls Hospitality • Information Technology Management - General Controls • Food and Beverage Operations Heathcare • Pricing Compliance • Digital Technology Management • Credit Evaluation and Collection 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 FY2024. 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 (Resigned on 18 June 2024) 5 5 Dato’ Hajah Kalsom Binti Khalid 5 5 Chua See Hua 5 5 Loo See Mun 5 5 Vijayam A/P Nadarajah (Appointed on 19 June 2024) – – F. R EVIEW AND PERFORMANCE EVALUATION OF THE EXTERNAL AUDITORS As required by its Terms of Reference, 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 approval 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. OUR GOVERNANCE 123 INTEGRATED ANNUAL REPORT 2024
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