94 DATASONIC GROUP BERHAD GOVERNANCE 05 A. SUMMARY OF ACTIVITIES OF THE AUDIT COMMITTEE FOR THE FINANCIAL YEAR ENDED 31 March 2023 (CONT’D) 2. External Auditors (Cont’d) d. The assessment and evaluation processes covered the following areas:- (Cont’d) i. Independence and objectivity (Cont’d) (c) The Audit Committee reviewed the summary of non-audit services rendered to the Group which comprised mainly of recurring assignments of non-audit services in respect of tax compliance, tax advisory, review of transfer pricing documentations, agreed upon procedures and the annual review of the Statement on Risk Management and Internal Control. The Group has incurred a total of approximately RM136,000 for non-audit services representing around 34% of the total fees. ii. Performance, suitability and competencies The Audit Committee had assessed and evaluated the performance, suitability and competencies of the External Auditors based on the following guidelines and criterion:- • Calibre of the external audit firm of international status, size and resources to conduct effective and constructive audits of listed issuers; • Quality of processes and performance audit procedures which cover quality control, the approach to seek and assess management representations, the approach to audit judgments and understanding of key issues and intricacies of the business operations, the bases and extent of reliance the external auditors place on management as well as the performance targets’ achievement of quality audits (i.e. audit scopes, audit plan, timing, etc.); • Audit team with emphasis on the competencies, qualifications and experiences of the Engagement Partner, Quality Review Partner, Audit Manager and Audit Seniors taking into consideration on the matter of familiarities with DGB’s industry and complex operational activities; • Adequacy and appropriateness of audit scopes, planning and conduct of work in line with the related risks and internationally best practices; • Fairness and reasonableness of audit fees in tandem with the scopes, size and complexities of the audit assignments; • Quality and timely communications and dealing of audit issues, recommendations and resolutions in an atmosphere of sound and professional relationship between the external auditors and the relevant personnel of the Company. AUDIT COMMITTEE REPORT
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