EFFECTIVE AUDIT AND RISK MANAGEMENT PRINCIPLE B AUDIT COMMITTEE (CONT'D) Relationship with Auditors (Cont'd) The Board, on the recommendation of the Audit Committee, is of the view that the declaration of independence, integrity and objectivity made by the external auditors in their audit report for each financial year under review is sufficient to serve as a written assurance from the external auditors on their independence and integrity throughout the conduct of the audit engagement in accordance with the independence criteria as set out by MIA By-Laws, has recommended their re-appointment to the Board, upon which the shareholders’ approval will be sought at the AGM. Directors’ Responsibility Statement The Directors are required by the Companies Act 2016 to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Group and of the Company as at the end of the financial year and the results of the operations, changes in equity and cash flows of the Group and of the Company for the financial year. Where there are new accounting standards or policies that become effective during the financial year, the impact of these new treatments would be stated in the notes to the financial statements, accordingly. In preparing those financial statements, the Directors ensure that management have: The details of the External Auditors Assessment Policy are available for reference on the Company’s website at www.mkhberhad.com • adopted appropriate accounting policies and consistently apply them; • made judgements and estimates that are reasonable and prudent; • stated whether applicable approved accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and • prepared financial statements on the going concern basis as the Directors have a reasonable expectation, having made enquiries, that the Group and the Company have adequate resources to continue in operational existence for the foreseeable future. CORPORATE GOVERNANCE OVERVIEW STATEMENT PG | 132 ANNUAL REPORT 2025 MKH BERHAD
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