147 INTEGRATED ANNUAL REPORT 2025 GOVERNANCE | REPORT ON AUDIT COMMITTEE In FY2025, the Chairman of the AC highlighted the key audit issues and recommended the decision and resolutions made at the AC meetings for the approval of the Board. The total cost incurred for maintaining the IA function for the financial year under review was approximately RM2.04 million. This Report on AC was made in accordance with the approval of the Board on 29 May 2025. The internal audit activities carried out in accordance with the approved internal audit plan for FY2025 were in the following areas: Corporate and businesses (Finance) • Budgeting coordination among the Group, the subsequent monitoring and reporting processes. Corporate (Group Information Technology) • Governance, control and monitoring of IT assets and management of IT third-party vendors. Corporate and businesses (Corporate Sustainability) • Governance and progress of the Group’s mandated key ESG initiatives. Corporate (Group Human Resources) • Corporate governance on payroll operations. Yinson Production • Budgeting and pricing management during tendering phase. • Operations management relating to supply chain processes, maintenance works, charter contract compliance monitoring and compliance to country specific laws and regulations. Yinson Renewables • Revenue and receivables processes and the associated cost allocation method adopted. • Corporate governance on payroll operations. Yinson GreenTech • Charger installation program and execution management.
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