Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2022 61 STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL (CONT’D) ASSURANCE BY THE GROUP CHIEF EXECUTIVE OFFICER AND THE ACTING GROUP CHIEF FINANCIAL OFFICER ON THE ADEQUACY AND OPERATING EFFECTIVENESS OF THE RISK MANAGEMENT AND INTERNAL CONTROL SYSTEM The Board has received assurance in writing from the Group Chief Executive Officer and the Acting Group Chief Financial Officer stating that the Group’s risk management and internal control system operated adequately and effectively, in all material aspects, for the financial year under review and up to the date of this Statement. REVIEW OF STATEMENT BY THE EXTERNAL AUDITORS Pursuant to Paragraph 15.23 of Bursa Securities’ Main Market Listing Requirements, the external auditors have reviewed this Statement for inclusion in the Company’s Annual Report for the financial year ended 31 December 2022. The external auditors have reported to the Board that, based on their review procedures performed and evidence obtained, nothing has come to their attention that caused them to believe that this Statement 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 Statement on Risk Management and Internal Control: Guidelines for Directors of Listed Issues to be set out, nor is the Statement factually inaccurate. This Statement is made in accordance with the resolution of the Board of Directors dated 23 March 2023.
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