Serba Dinamik Annual Report 2021

Integrated Report 2021 243 5. Assurance From The Management TheBoardhas receivedreasonableassurance fromtheManagement that theGroup’s riskmanagement and internal control systems are operating adequately and effectively, in all material respects, based on the risk management and internal control system of the Group. Taking into consideration the assurance from the management, the Board is of the view that the Group’s risk management and internal control system in place for the financial year under review and up to the date of approval of this statement for inclusion in the Annual Report is generally adequate and effective to safeguard the interests of shareholders, customers, employees and the Group’s assets. 6. Review of This Statement by External Auditor The External Auditors have reviewed this Statement on Risk Management and Internal Control pursuant to the scope set out in Audit and Assurance Practice Guide 3, Guidance for Auditors on Engagements to Report on the Statement on Risk Management and Internal Control included in the Annual Report (“AAPG 3”) issued by the Malaysian Institute of Accountants (“MIA”) for inclusion in the annual report of the Group for the year ended 30 June 2021, 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. 7. Conclusion The Board has reviewed the adequacy and effectiveness of the Group’s risk management and internal control system for the year under review and up to the date approval of this Statement for inclusion in the Annual Report, and is of the view that the risk management and internal control system is satisfactory and there were no material losses incurred during the year under review as a result of internal control weakness or adverse compliance events. The GMD/CEO and Group Chief Financial Officer have provided assurance to the Board that the Group’s risk management and internal control system is operating adequately and effectively, in all material aspects. This Statement was approved by the Board of Directors on 30 December 2021. STATEMENT OF RISK MANAGEMENT & INTERNAL CONTROL