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Maxis Berhad
Annual Report 2014
The major internal audit activities undertaken during the year are as follows:
• Reviewed the adequacy and effectiveness of critical processes, IT systems and network elements;
• Reviewed compliance with established policies and procedures and statutory requirements;
• Recommended improvements and enhancements to the existing system of internal control, risk management and governance
processes;
• Carried out ad-hoc assignments and investigations requested by the Committee and/or Management;
• Followed up on the implementation of recommendations by Management to ensure all key risks are addressed; and
• Developed a risk-based annual audit plan.
The total costs incurred for the internal audit function for the financial year ended 31 December 2014 amounted to RM4.6 million (2013:
RM4.8 million).
The internal audit function fully abides by the provisions of its charter. The internal audit charter is reviewed and approved by the
Committee annually and complies fully with the Institute of Internal Auditors’ International Professional Practices Framework.
TERMS OF REFERENCE OF THE COMMITTEE
The terms of reference of the Committee can be viewed on the Company’s website.
Audit Committee
Report
