EXCEL FORCE MSC BERHAD 35 INTERNAL AUDIT FUNCTIONS (CONT’D) For the financial period ended 30 June 2023, six (6) internal audit reviews had been carried out by Sterling: - Audit Period Reporting Month Name of Entity Audited Audited Areas January 2022 - March 2022 May 2022 Excel Force MSC Berhad • Human Resources and Administration. April 2022 - June 2022 August 2022 Excel Force MSC Berhad • Customer Service. July 2022 - September 2022 November 2022 Insage (MSC) Sdn Bhd • Project Management. October 2022 - December 2022 February 2023 Excel Force MSC Berhad • Management Information Services. January 2023 - March 2023 May 2023 Excel Force MSC Berhad • Sales and Marketing. April 2023 - June 2023 August 2023 Excel Force MSC Berhad • Project Management. Follow-up status reviews were also carried out to ensure weaknesses identified have been or are being addressed. During the financial period under review, Sterling presented their follow-up status reports on previously reported audited findings in respect of the following functional scopes of the Group: Reporting Month Name of Entity Functional Scopes May 2022 Excel Force MSC Berhad • Research and Development and System Design reported in February 2022. August 2022 Excel Force MSC Berhad • Human Resources and Administration reported in May 2022. November 2022 Excel Force MSC Berhad • Customer Service reported in August 2022. February 2023 Insage (MSC) Sdn Bhd • Project Management reported in November 2022. May 2023 Excel Force MSC Berhad • Management Information Services reported in February 2023. August 2023 Excel Force MSC Berhad • Management Information Services reported in February 2023. • Sales and Marketing reported in May 2023. Based on the internal audit reviews conducted, none of the weaknesses noted have resulted in material losses, contingencies, or uncertainties that would require separate disclosure in this Annual Report. Sterling are free from any relationships or conflicts of interest, which could impair their objectivity and independence of the internal audit function. The Internal Auditors do not have any direct operational responsibility or authority over any of the activities audited. The Audit Committee is of the opinion that the internal audit function is effective and able to function independently. The fee (inclusive of sales and services tax) paid to the professional firm in respect of internal audit function for the financial period ended 30 June 2023 was RM46,110.00. Audit Committee Report (Cont’d)
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