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. Petik Mekar Sdn. Bhd. - Kajang 2 Precinct 3 – Phase 1A and 1B (Hillpark 4) 2. Hillpark Resources Sdn. Bhd. - Hillpark Shah Alam – PP1 & PP2 • Overall Project Progress, Progress Reporting and Contractor’s Performance • Building Materials Management • NCR and Site Memo • Progress Payment to Contractors and Variation Orders • Compliance to PQP and PSP Metro K.L. City Sdn. Bhd. • Overall Project Progress, Progress Reporting and Contractor’s Performance • Building Materials Management • NCR, Site Memo and Defect Rectification • Progress Payment to Contractors and Variation Orders • Compliance to PQP and PSP • Compliance to Development Order (“DO”) and Building Plan (“BP”) approval • Authority clearance for issuance of Certificate of Completion and Compliance • Completed Unit’s Quality - Pre-Handover 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 1. Maha Usaha Sdn. Bhd. - Plaza Metro Kajang 2. Srijang Indah Sdn. Bhd. - Metro Point Complex • Shopping Mall FY2022 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 AUDIT COMMITTEE REPORT 110 MKH BERHAD | ANNUAL REPORT 2023
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