Serba Dinamik Annual Report 2019

198 2019 ANNUAL REPORT CORPORATE GOVERNANCE SERBA DINAMIK HOLDINGS BERHAD report of the Group for the year ended 31 December 2019, and reported to the Board that nothing has come to their attention that causes them to believe that the statement intended to be included in the Annual Report of the Group, in all material aspects: a. has not been prepared in accordance with the disclosures required by paragraphs 41 and 42 of the Statement on Risk Management and Internal Control: Guidelines for Directors of Listed Issuers, or b. is factually inaccurate. AAPG 3 does not require the external auditors to consider whether the Directors’ Statement on Risk Management and Internal Control covers all risks and controls, or to form an opinion on the adequacy and effectiveness of the Group’s risk management and internal control system including the assessment and opinion by the Board of Directors and Management thereon. The auditors are also not required to consider whether the processes described to deal with material internal control aspects of any significant problems disclosed in the Annual Report will, in fact, remedy the problems. CONCLUSION The Board is of the view that the system of internal control and risk management in place for the year under review, and up to the date of approval of this Statement, is sound and sufficient to safeguard the Group’s assets, as well as the shareholders’ investments, and the interests of customers, regulators, employees and other stakeholders. This Statement is made by the Board of Directors on 6 May 2020. 7. S TAT E M E N T O F R I S K M A N A G E M E N T & I N T E R N A L C O N T R O L