MKH Berhad 69 The Internal Audit Function and Its Role (Cont’d) (a) Internal Audit Work Carried Out During The Financial Year Under Review The internal audit function conducted its work based on an annual internal audit plan which was tabled before, and approved by, the Audit Committee. The main activities of work carried out by the internal audit function are set out below: (i) Conduct Of Internal Audit T he internal audit function adopted a risk-based approach in identifying specific areas and processes to be covered. During the financial year under review, the internal audit function focused on selected key processes of the Group’s as follows: Entity Key Processes Aliran Perkasa Sdn. Bhd. • Project progress • Non-Conformance Report (NCR) and Defects Rectification • Quality Assurance & Quality Control (QAQC) • Hand over vacant possession (HOVP) • Completed units’ quality - pre handover • Land title process PT Maju Kalimantan Hadapan • Estates – FFB production, expenditures and employment and checkroll • Mill production, FFB Intake, CPO and PK despatches, employment and checkroll, payment for CPO and PK sales and payment to transporters MKH Building Materials Sdn. Bhd. • Overall sales performance • Selection of supplier & background of the active suppliers • Account Receivable and Payable & Bank Reconciliation • Stocks and Store management • Customer’s credit assessment • Customer complaints • Staff claims • General IT controls - User Access Head Office (Sales & Marketing) • Overall sales • External sales agents’ performance • Payment to external sales agents • Marketing plan and activities • Unsold inventories • Sale and Purchase Agreement signing and documentation • Pricing, discounts and rebates • MHub and Wiz system - (General IT controls) Audit Committee Report
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