Datasonic Group Berhad Annual Report 2020

DATASONIC GROUP BERHAD I ANNUAL REPORT 2020 (Registration No. 200801008472 (809759-X)) 71 A. SUMMARY OF ACTIVITIES OF THE AUDIT COMMITTEE FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020 (cont’d) 2. External Auditors (Cont’d) d(ii):- The assessment and evaluation processes covered the following areas:- i. Independence and objectivity (a) Reviewed and discussed on the professional independence of the External Auditors for the financial year ended 31 March 2020which amongst others include assessment on the:- • External Auditors’ firm with emphasis on key professionals assigned to the external audit team to ensure their independence and objectivity in fact and appearance; • The terms of the audit engagement and quality control partners on the issues of rotation requirements from the risks and best practice viewpoints; • Measures to keep track of evolving best standards and practices in areas relating to independence and ethical rules to ensure continuous compliance, of the same; and • Detailed list of non-audit services rendered by the External Auditors’ firm and related fees together with the pertinent information on the nature of the services undertaken focusing on the potential impairment of the professional independence. (b) The External Auditors had provided written assurances to the Audit Committee that they had continuously comply with the relevant ethical requirements regarding professional independencewith respect to the audited financial statements of accounts of the Group in accordance with their firm’s requirements, ISA 300: Planning an Audit Financial Statements and the Malaysian Institute of Accountants’ By-Laws (on Professional, Ethics, Conduct and Practice) . The External Auditors also confirmed that the total fees paid including that of non-audit services rendered to the Group for the financial year under review did not impact on their professional independence. (c) TheAudit Committee had reviewed the summary of non-audit services rendered to the Group which comprised mainly recurring assignments of non-audit services in respect of tax compliance, tax advisory, annual review of the Statement on Internal Control and Risk Management and the agreed-upon-procedures. The Group has incurred a total of approximately RM84,000 for non-audit services representing around 27% of total fees. Audit Committee Report (Cont’d)