My EG Services Berhad Annual Report 2020

ANNUAL REPORT 2020 129 FINANCIAL STATEMENTS REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS (CONT’D) Information Other than the Financial Statements and Auditors’ Report Thereon (cont’d) If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Responsibilities of the Directors for the Financial Statements The directors of the Company are responsible for the preparation of the financial statements of the Group and of the Company that give a true and fair view in accordance with Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the Companies Act 2016 in Malaysia. The directors are also responsible for such internal control as the directors determine is necessary to enable the preparation of financial statements of the Group and of the Company that are free from material misstatement, whether due to fraud or error. In preparing the financial statements of the Group and of the Company, the directors are responsible for assessing the Group’s and the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Group or the Company or to cease operations, or have no realistic alternative but to do so. Auditors’ Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements of the Group and of the Company as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with approved standards on auditing in Malaysia and International Standards on Auditing will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As a part of an audit in accordance with approved standards on auditing in Malaysia and International Standards on Auditing, we exercise professional judgement and maintain professional skepticism throughout the audit. We also:- r *EFOUJGZ BOE BTTFTT UIF SJTLT PG NBUFSJBM NJTTUBUFNFOU PG UIF àOBODJBM TUBUFNFOUT PG UIF (SPVQ BOE PG UIF Company, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. r 0CUBJO BO VOEFSTUBOEJOH PG JOUFSOBM DPOUSPM SFMFWBOU UP UIF BVEJU JO PSEFS UP EFTJHO BVEJU QSPDFEVSFT UIBU BSF appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group’s and the Company’s internal control. r &WBMVBUF UIF BQQSPQSJBUFOFTT PG BDDPVOUJOH QPMJDJFT VTFE BOE UIF SFBTPOBCMFOFTT PG BDDPVOUJOH FTUJNBUFT BOE related disclosures made by the directors. r $PODMVEF PO UIF BQQSPQSJBUFOFTT PG UIF EJSFDUPST VTF PG UIF HPJOH DPODFSO CBTJT PG BDDPVOUJOH BOE CBTFE PO the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s or the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures in the financial statements of the Group and of the Company or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors’ report. However, future events or conditions may cause the Group or the Company to cease to continue as a going concern. r &WBMVBUF UIF PWFSBMM QSFTFOUBUJPO TUSVDUVSF BOE DPOUFOU PG UIF àOBODJBM TUBUFNFOUT PG UIF (SPVQ BOE PG UIF Company, including the disclosures, and whether the financial statements of the Group and of the Company represent the underlying transactions and events in a manner that achieves fair presentation. INDEPENDENT AUDITORS’ REPORT To The Members of MY E.G. Services Berhad (Incorporated In Malaysia) Registration No: 200001003034 (505639 - K) (CONT’D)