37
Datasonic Group Berhad
(Company No. 809759-X)
KEY ELEMENTS OF THE RISK MANAGEMENT AND INTERNAL CONTROL SYSTEMS OF THE GROUP
(CONT’D)
8.
The Group’s disaster recovery plan has been developed and implementation is in-progress during
the financial period. The plan will help to minimise downtime and data loss as well as to ensure the
continuity of business operations in the unfortunate event of management systems breakdown and
other potential hazards such as fire and flood. Data back-ups are systematically performed on a
periodical bases.
9.
Revisions were made to the formalised high-level Financial Authority Limits (FAL) associated with the
respective functional and organisational reporting structures to ensure that appropriate authorisation
limits are adhered to on incurrence of the Group’s expenditures so as to conform to the Group’s
strategies and risk appetite.
REVIEW OF THIS STATEMENT BY EXTERNAL AUDITORS
Pursuant to Paragraph 15.23 of the MMLR of Bursa Malaysia, the External Auditors have reviewed this
Statement for inclusion into the Annual Report of the Group for the financial period ended 31 March 2015
and reported to the Board that nothing has come to their attention that causes them to believe that the
Statement on Risk Management and Internal Control intended to be included in the annual report is not
prepared, in all material respects, in accordance with the disclosures required by paragraphs 41 and 42
of the Guidelines to be set out, nor is factually inaccurate.
ASSURANCE FROM THE MANAGEMENT TO THE BOARD
Overall, the Board recognises the need to develop and maintain proper, effective and functioning risk
management and internal control systems for the Group. In fact, efforts are still on-going to implement the
necessary measures tomonitor, mitigate or minimise risks so as to enhance the adequacy and effectiveness
of the risk management and internal control systems of the Group. The Board is assured by the Executive
Directors and the Management of the Company that a process has been put in place to develop, nurture,
maintain, assess, scrutinise and improvise on its internal control and risk management initiatives in the course
of undertaking the various business activities of the Group. Nothing significant has come to the attention
of the Executive Directors and the Management which may render the integrity of financial information
to be misleading in any material respect.
This Statement is made in respect of the financial period ended 31 March 2015 and in accordance with
resolution of the Board of Directors passed on 29 May 2015.
STATEMENT ON RISK MANAGEMENT
AND INTERNAL CONTROL
(Cont’d)
