SUMMARY OF WORK OF THE AUDIT COMMITTEE (CONT'D) • Reviewed the Risk Management Committee’s reports regarding the Group’s risk exposures, including review of the risk assessment model used to monitor the risk exposures and management’s views/responses on the acceptable and appropriate level of risks faced by the Group’s business units as well as the proposed recommendations for improvements to be implemented. • Reviewed on a quarterly basis if there is any related party transaction(s) entered into by the Group and any conflict of interest situation that may arise within the Group, which are required to be transacted at an arm’s length basis and not detrimental to the interest of the minority shareholders of the Company. • Reviewed the annual confirmation from the Board and Audit Committee on related party transaction(s) entered into (if any) for the financial year under review. • Reviewed the Audit Committee Report, Statement on Risk Management and Internal Control and Corporate Governance Overview Statement to ensure compliance with relevant regulatory reporting requirements prior to recommending the same to the Board for approval. Risk Management Committee Related Party Transactions Annual Reporting The Audit Committee having reviewed the extent of assistance rendered by management in the course of the audit and based on feedback from the external auditors was satisfied that management had co-operated fully and the external auditors were able to obtain information requested to carry out their works. Based on the review carried out and the report from the external auditors, the Audit Committee recommended the audited financial statements for FY2025 to the Board of Directors of the Company for approval on 23 December 2025. The Audit Committee was satisfied with the conduct of external auditors’ professional work and the timeliness of completion of their works to meet reporting deadline. Accordingly, the Audit Committee recommended the re-appointment of the external auditors, Deloitte Malaysia PLT (formerly known as Deloitte PLT) at the forthcoming Annual General Meeting. 5 Governance That Inspires Confidence 1 3 6 2 4 7 PG | 139 ANNUAL REPORT 2025 MKH BERHAD
RkJQdWJsaXNoZXIy NDgzMzc=