audit committee report iii) Non-audit work carried out by the External Auditors To help protect auditors’ objecঞvity and independence, the provision of any non-audit services provided by the External Auditors requires prior monitoring by the Management. Certain types of non-audit are of sufficiently low risk and does not to require the prior approval of the Commiee, such as “audit-related services” including the review of interim financial informaঞon. The prohibited services are those that have potenঞal to conflict directly with the auditors’ role, such as the preparaঞon of the Company’s financial statements. The total of audit fees and non-audit fees paid to the External Auditors during the FY2025 is set out in the Note 6 of the audited financial statements. The External Auditors also provided in its engagement leer on the specific safeguards put in place for each piece of non-audit work confirming that it was saঞsfied that neither the extent of the non-audit services provided nor the size of the fees charges had any impact on its independence as statutory auditors. The Commiee is saঞsfied that the quantum of the nonaudit relaঞve to the audit fees (being 30% of the total audit fees on a group basis payable to the External Auditors and affiliates) and the Commiee concluded that the auditors’ independence form the Group was not compromised. iv) External Audit fees The Commiee was saঞsfied that the level of audit fees payable in respect of the external audit services provided (RM925,000 for FY2025) [FY2024: RM730,118] was appropriate. The exisঞng authority for the Directors (including the Commiee) to determine the current remuneraঞon of the External Auditors is derived from the shareholders’ approval granted at the Company’s Annual General Meeঞng (“AGM”) held on 28 August 2024. G RECOMMENDATION FOR APPOINTMENT Following the annual assessment and performance review on the External Auditors, the Commiee has recommended to the Board, the re-appointment of Messrs Ernst & Young PLT as the External Auditors for the ensuing year. The Board has accepted this recommendaঞon and a resoluঞon for its appointment for a further year will be put to the shareholders at the forthcoming AGM. 131 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 06 OUR GOVERNANCE
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