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Datasonic Group Berhad
(Company No. 809759-X)
SUMMARY OF ACTIVITIES OF THE AUDIT COMMITTEE FOR THE FINANCIAL PERIOD ENDED 31 MARCH
2015 (CONT’D)
f)
Reviewed with the assistance of the Internal Audit Department on a quarterly basis to determine the
presence of any related party transaction to ensure compliance with the MMLR of Bursa Malaysia
and internal procedures.
g) Reported to the Board on the matters dealt with at the Audit Committee meeting. Minutes of the
Audit Committee meetings were tabled and noted by the Board.
h) Reviewed the published annual report of the Company which encompasses the Statement on
Corporate Governance, Statement on Risk Management and Internal Control and other documents
as set out in Part A of Appendix 9C of the MMLR of Bursa Malaysia.
i)
Invited the External Auditors to have meetings without the presence of the Executive Directors and
Management, if deemed necessary.
j)
Reviewed and discussed the Audit Planning Memorandumwith the External Auditors, covering audit
approach, significant events, areas of audit emphasis and proposed audit fees.
k) Reviewed and discussed the Audit Review Memorandum generated by the External Auditors upon
completion of the annual audit, covering significant audit findings, internal control points, status of
audit and accounting issues and on thematter of professional independence of the External Auditors.
l)
Assessed and evaluated the performance and conduct of the audit undertaken by the External
Auditors for its re-appointment as Auditors of the Company.
m) Reviewed and approved the Audit Planning Memorandum of the Internal Auditors for the working
period from March 2014 to May 2015 in respect of the financial period ended 31 March 2015 to
ensure adequate scope, functions, resources and coverage on the activities of the Group taking
into consideration the assessment of key risk areas.
n) Reviewed and discussed the Internal Audit Reports prepared by the Internal Audit Department which
consists of the findings, recommendations and the corrective actions committed by theManagement
to ensure that all key risks will be addressed and adequate controls put in placed on a timely basis.
There were six (6) Internal Audit Reports issued by the Internal Audit Department during the financial
period ended 31 March 2015.
o) Reviewed the progress of action plans committed by theManagement for the key findings highlighted
in the previous Internal Audit Reports issued until all material findings have been fully rectified.
AUDIT COMMITTEE REPORT
(Cont’d)
