My EG Services Berhad Annual Report 2020

ANNUAL REPORT 2020 115 TERMS OF REFERENCE (CONT’D) The Terms of Reference of the AC were as follows: (cont’d) 8. Responsibilities and Duties (cont’d) f) To review the quarterly reports on consolidated results and annual financial statements prior to submission UP UIF #PBSE GPDVTJOH QBSUJDVMBSMZ PO r $IBOHFT JO PS JNQMFNFOUBUJPO PG NBKPS BDDPVOUJOH QPMJDZ BOE QSBDUJDFT r 4JHOJGJDBOU BOE PS VOVTVBM NBUUFST IJHIMJHIUFE JODMVEJOH GJOBODJBM SFQPSUJOH JTTVFT TJHOJGJDBOU judgements made by management, significant and unusual events or transactions and how these NBUUFST BSF CFJOH BEESFTTFE r 5IF HPJOH DPODFSO BTTVNQUJPO r $PNQMJBODF XJUI BDDPVOUJOH TUBOEBSET BOE PUIFS MFHBM SFRVJSFNFOUT BOE r .BKPS BSFBT H 5P DPOTJEFS UIF BQQPJOUNFOU BOE PS SF BQQPJOUNFOU PG BVEJUPST UIF BVEJU GFF BOE BOZ RVFTUJPOT PG resignation or dismissal including recommending the nomination of person or persons as auditors. In DPOTJEFSJOH UIF BQQPJOUNFOU BOE PS SF BQQPJOUNFOU PG UIF BVEJUPST UP DPOTJEFS BNPOH PUIFST r 5IF BEFRVBDZ PG UIF FYQFSJFODF BOE SFTPVSDFT PG UIF BDDPVOUJOH àSN r 5IF QFSTPOT BTTJHOFE UP UIF BVEJU r 5IF BDDPVOUJOH àSN T BVEJU FOHBHFNFOUT r 5IF TJ[F BOE DPNQMFYJUZ PG UIF $PNQBOZ T (SPVQ CFJOH BVEJUFE BOE r 5IF OVNCFS BOE FYQFSJFODF PG TVQFSWJTPSZ BOE QSPGFTTJPOBM TUBGG BTTJHOFE UP UIF QBSUJDVMBS BVEJU The AC shall also consider the performance of the external auditors and its independence annually as CFMPX r 5IF DPNQFUFODF BVEJU RVBMJUZ BOE SFTPVSDF DBQBDJUZ PG UIF FYUFSOBM BVEJUPST JO SFMBUJPO UP UIF BVEJU r 5IF FYUFSOBM BVEJUPST BCJMJUZ UP NFFU EFBEMJOFT JO QSPWJEJOH TFSWJDFT BOE SFTQPOEJOH UP JTTVFT JO B UJNFMZ NBOOFS BT DPOUFNQMBUFE JO UIF FYUFSOBM BVEJU QMBO r 5IF OBUVSF PG UIF OPO BVEJU TFSWJDFT QSPWJEFE CZ UIF FYUFSOBM BVEJUPST BOE GFFT QBJE GPS TVDI TFSWJDFT SFMBUJWF UP UIF BVEJU GFF r 8IFUIFS UIFSF BSF TBGFHVBSET JO QMBDF UP FOTVSF UIBU UIFSF JT OP UISFBU UP UIF PCKFDUJWJUZ BOE JOEFQFOEFODF PG UIF BVEJU BSJTJOH GSPN UIF QSPWJTJPO PG OPO BVEJU TFSWJDFT PS UFOVSF PG UIF FYUFSOBM BVEJUPST BOE r 0CUBJOJOH BTTVSBODF GSPN UIF FYUFSOBM BVEJUPST DPOàSNJOH UIBU UIFZ BSF BOE IBWF CFFO JOEFQFOEFOU throughout the conduct of the audit engagement and in accordance with the terms of all relevant regulatory requirements. I 5P SFWJFX BOE BQQSPWF UIF OPO BVEJU TFSWJDFT QSPWJEFE CZ UIF FYUFSOBM BVEJUPST BOE PS JUT OFUXPSL àSNT UP UIF $PNQBOZ GPS UIF àOBODJBM ZFBS JODMVEJOH UIF OBUVSF PG UIF OPO BVEJU TFSWJDFT GFFT GPS UIF OPO BVEJU services relative to the external audit fees and safeguards deployed to eliminate or reduce the threat to PCKFDUJWJUZ BOE JOEFQFOEFODF JO UIF DPOEVDU PG UIF FYUFSOBM BVEJU SFTVMUJOH GSPN UIF OPO BVEJU TFSWJDFT provided. *O UIF FWFOU UIBU UIF OPO BVEJU GFFT QBJE UP UIF $PNQBOZ T FYUFSOBM BVEJUPST PS B àSN PS DPSQPSBUJPO BGàMJBUFE UP UIF FYUFSOBM BVEJUPST àSN BSF TJHOJàDBOU F H DPOTUJUVUF PG UIF UPUBM BNPVOU PG BVEJU GFFT paid to the Company’s external auditors) the Company is required to state the details on the nature of OPO BVEJU TFSWJDFT SFOEFSFE JO PVS BOOVBM SFQPSU VOEFS UIF "$ 3FQPSU i) To verify any allocation of options in accordance with the employees share scheme of the Company, at the end of the financial year. j) To consider other areas as defined by the Board or as may be prescribed by Bursa Securities or any other relevant authority from time to time. AUDIT COMMITTEE REPORT (CONT’D) GOVERNANCE