audit committee report The findings arising from the above reviews have been reported to Management for their response and subsequently for the Audit Commiee’s deliberaঞon. E ATTENDANCE Details of Attendance A total of seven (7) Audit Commiee meeঞngs were held during the FY2025. The aendance record of each member is as tabulated below:- MEMBERS TOTAL NUMBER OF MEETINGS NUMBER OF MEETINGS ATTENDED Mazhairul Bin Jamaludin 7 7 Chua See Hua 7 7 Loo See Mun 7 7 Vijayam A/P Nadarajah (Appointed on 19 June 2024) 6 6 Datuk Seri Kamaludin Bin Md Said (Appointed on 16 March 2025) 1 1 Note: During FY2025, Dato’ Hon Choon Kim and Dato’ Hajah Kalsom Binঞ Khalid had resigned on 18 June 2024 and 15 March 2025 respecঞvely. F REVIEW AND PERFORMANCE EVALUATION OF THE EXTERNAL AUDITORS As required by its Terms of Reference, the Commiee conducted their annual performance evaluaঞon in an effort to conঞnuously improve its processes. The Commiee’s responsibility is to monitor and review the processes performed by the Management and the External Auditors. It is not the Commiee’s duty or responsibility to conduct audiঞng or accounঞng reviews or procedures. The Commiee members are not employees of the Company. Therefore, the Commiee has relied, without independent verificaঞon, on Management’s representaঞon that the financial statements have been prepared with integrity and objecঞve and in conformity with approval accounঞng principles generally accepted in Malaysia and on the representaঞons of the External Auditors included in its reports on the Company’s financial statements and internal control over financial reporঞng. The Commiee considered the independence and appraisal of the External Auditors. This review took into account the following factors:- i) Auditors’ effectiveness The Commiee met with Management, to hear their views on the effecঞveness of the External Auditors. The criteria for assessing the effecঞveness of the audit included the robustness of the audit, the quality of the audit delivery and the quality of the people and services. The Commiee concluded that the performance of the External Auditors remained effecঞve. (ii) Independence and objectivity The Commiee reviews the work undertaken by the External Auditors and each year assesses its independence, objecঞve and performance. In doing so, it takes into account relevant professional and regulatory requirements and the relaঞonship with the auditor as a whole, including the provision of any non-audit services. The Commiee monitors the auditor’s compliance with relevant regulatory, ethical and professional guidance on the rotaঞon of partners, as well as assessing annually its qualificaঞons, experঞse, resources and the effecঞveness of the audit process, including presentaঞon from the external auditor on its own internal quality procedures. The audit engagement partner is required to rotate at least every five (5) years as per the External Auditors policy, which is in accordance with the By-Laws (on professional ethics, conduct and pracঞce) of the Malaysian Insঞtute of Accountants (MIA). The Commiee always consider the audit partner’s independence in relaঞon to the audit and was assured by the External Auditors that they have complied with professional requirements in relaঞon to their independence. The Commiee concluded that it is saঞsfied with the performance of the External Auditors that they are objecঞve and independent in relaঞon to the audit. MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 130 06 OUR GOVERNANCE
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