PRG Holdings Berhad Annual Report 2019

PRG HOLDINGS BERHAD 60 REPORT OF THE AUDIT AND RISK MANAGEMENT COMMITTEE cont’d INTERNAL AUDIT FUNCTION (continued) The internal audit findings arising from the above reviews were reported to Management for response and subsequently tabled for review by the Audit and Risk Management Committee. Where weaknesses were identified, recommended procedures and/or remedial actions would be put in place to address, improve and strengthen internal controls. In addition, the Internal Auditors also performed follow-up reviews on the status of implementation of the recommended/corrective actions for reporting to the Audit and Risk Management Committee accordingly. The costs incurred for the internal audit function in respect of the FY2019 amounting to RM304,000.