MKH Berhad 73 Audit Committee Report The Internal Audit Function and Its Role (Cont’d) Internal Audit Work Carried Out During The Financial Year Under Review (Cont’d) (a) Conduct Of Internal Audit (Cont’d) Based 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. (i) Entity Key Processes Stand Allied Corporation Sdn Bhd Overall Project Progress, Progress Reporting and Contractor’s Performance Building Material Management NCR and Site Memo Progress Payment to Contractor and Variation Orders Compliance to PQP and Project Safety Plan Compliance to Development Order (“DO”) and Building Plan (“BP”) approval Srijang Kemajuan Sdn Bhd - KTM Kajang 2 Overall Project Progress and Contractor’s Performance NCR and Defects Rectification Variation Orders and Progress Claim Overall project cost against approved budget Accounts Payable and Accounts Receivable PT Maju Kalimantan Hadapan Mill - Production of CPO and PK, FFB Intake, CPO and PK Despatches, Store and Purchases, Repair & Maintenance and Employment & Checkroll Estates - FFB Production, Harvesting & Evacuation and Expenditures 1. Alif Mesra Sdn Bhd, - Inspirasi Mont’ Kiara 2. Hillpark Resources Sdn Bhd - Hillpark Shah Alam, PP5 & PP9 Project Progress NCR, Site Memo and Defects Rectification QAQC - Site Memo Authority Clearance for Issuance of CCC Progress Payment to Contractor and Variation Orders Completed Unit’s Quality - Pre-handover Aliran Perkasa Sdn Bhd Project Progress. NCR, Site Memo and Defects Rectification QAQC - Site Memo Authority Clearance for Issuance of CCC Completed Unit’s Quality - Pre-handover 1. Maha Usaha Sdn Bhd - Plaza Metro Kajang 2. Srijang Indah Sdn Bhd - Metro Point Complex Shopping Mall FY2021 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
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