MKH Berhad 71 The Internal Audit Function and Its Role (Cont’d) (a) Internal Audit Work Carried Out During The Financial Year Under Review (Cont’d) (i) Conduct Of Internal Audit (Cont’d) Entity Key Processes 1. MKH Property Ventures Sdn. Bhd. 2. Alif Mesra Sdn. Bhd. 3. MKH Development Sdn. Bhd. 4. Stand Allied Corporation Sdn. Bhd. 5. Metro K.L. City Sdn. Bhd. • Overall Project Progress, Progress Reporting and Contractor’s Performance • Building Materials Management • Non-Conformance Report (NCR) and Site Memo • Progress Payments to contractors and variation orders • Compliance to Project Quality Plan (PQP) and Project Safety Plan (PSP) 1. Maha Usaha Sdn Bhd - Plaza Metro Kajang 2. Srijang Indah Sdn. Bhd. - Metro Point Complex • Mall performance • Tenancy/leasing management • Rental billing, collection and credit control • Marketing and promotion - Advertising and website management • Occupancy and rental rate • Repair, maintenance and security • Accounting ledger, carpark collection and system • Licenses and permits B ased on the internal audit reviews carried out, the findings of the internal audit, including the recommendations to address areas of control deficiencies as well as opportunities for improvements, were discussed with Senior Management and subsequently presented to the Audit Committee. Audit Committee Report
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