MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K) 138 CONCLUSION The Board is of the view that the Group’s system of risk management and internal control is adequate to safeguard shareholders’ investments and the Group’s assets. However, the Board is also cognisant of the fact that the Group’s system of internal control and risk management practices must continuously evolve to meet the changing and challenging business environment. Therefore, the Board will, when necessary, put in place appropriate action plans to further enhance the Group’s system of risk management and internal controls. The Group’s risk management and internal controls systems do not apply to the associate companies. The Group’s interest in the associate companies is served through Board representation and periodic review of the associate companies’ management accounts by Senior Management and the Board. REVIEW BY EXTERNAL AUDITORS As required by paragraph 15.23 of the MMLR, the External Auditors have reviewed this Risk Management and Internal Control Statement. Their review was performed in accordance with Malaysian Approved Standard on Assurance Engagements, ISAE 3000 (Revised), Assurance Engagement Other than Audits or Reviews of Historical Financial Information and Audit and Assurance Practice Guide 3 (AAPG 3): Guidance for Auditors on Engagements to Report on the Risk Management and Internal Control Statement included in this Annual Report, issued by the Malaysian Institute of Accountants. Based on their review, nothing has come to their attention that causes them to believe that this statement is not prepared, in all material respects, in accordance with the disclosures required by paragraph 41 and 42 of the Risk Management and Internal Control Statement: Guidelines for Directors of Listed Issuers and Practice Note 10.1 and 10.2 of Malaysian Code of Corporate Governance 2021 to be set out, nor is factually inaccurate. RISK MANAGEMENT AND INTERNAL CONTROL STATEMENT (CONT’D)
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