Auditors’!responsibilities!for!the!audit!of!the!financial!statements!(cont’d") As!part!of!an!audit!in!accordance!with!approved!standards!on!auditing!in!Malaysia!and!International!Standards!on!Auditing&!we!exercise! professional!judgement!and!maintain!professional!skepticism!throughout!the!audit'!We!also) • Identify!and!assess!the!risks!of!material!misstatement!of!the!financial!statements!of!the!Group!and!of!the!Company&!whether!due!to!fraud! or!error&!design!and!perform!audit!procedures!responsive!to!those!risks&!and!obtain!audit!evidence!that!is!su2cient!and!appropriate!to! provide!a!basis!for!our!opinion'!The!risk!of!not!detecting!a!material!misstatement!resulting!from!fraud!is!higher!than!for!one!resulting!from! error&!as!fraud!may!involve!collusion&!forgery&!intentional!omissions&!misrepresentations&!or!the!override!of!internal!control' • Obtain!an!understanding!of!internal!control!relevant!to!the!audit!in!order!to!design!audit!procedures!that!are!appropriate!in!the!circumstances&! but!not!for!the!purpose!of!expressing!an!opinion!on!the!e(ectiveness!of!the!Group’s!and!the!Company’s!internal!control' • Evaluate!the!appropriateness!of!accounting!policies!used!and!the!reasonableness!of!accounting!estimates!and!related!disclosures!made!by! the!directors' • Conclude!on!the!appropriateness!of!the!directors’!use!of!the!going!concern!basis!of!accounting!and&!based!on!the!audit!evidence!obtained&! whether!a!material!uncertainty!exists!related!to!events!or!conditions!that!may!cast!significant!doubt!on!the!Group’s!or!the!Company’s! ability!to!continue!as!a!going!concern'!If!we!conclude!that!a!material!uncertainty!exists&!we!are!required!to!draw!attention!in!our!auditors’! report!to!the!related!disclosures!in!the!financial!statements!of!the!Group!and!of!the!Company!or&!if!such!disclosures!are!inadequate&!to! modify!our!opinion'!Our!conclusions!are!based!on!the!audit!evidence!obtained!up!to!the!date!of!our!auditors’!report'!However&!future! events!or!conditions!may!cause!the!Group!or!the!Company!to!cease!to!continue!as!a!going!concern' • Evaluate! the! overall! presentation&! structure! and! content! of! the! financial! statements! of! the! Group! and! of! the! Company&! including! the! disclosures&!and!whether!the!financial!statements!of!the!Group!and!of!the!Company!represent!the!underlying!transactions!and!events!in!a! manner!that!achieves!fair!presentation' • Obtain!su2cient!appropriate!audit!evidence!regarding!the!financial!information!of!the!entities!or!business!activities!within!the!Group!to! express!an!opinion!on!the!financial!statements!of!the!Group'!We!are!responsible!for!the!direction&!supervision!and!performance!of!the! group!audit'!We!remain!solely!responsible!for!our!audit!opinion' We!communicate!with!the!directors!regarding&!among!other!matters&!the!planned!scope!and!timing!of!the!audit!and!significant!audit!findings&! including!any!significant!deficiencies!in!internal!control!that!we!identify!during!our!audit' We! also! provide! the! directors! with! a! statement! that! we! have! complied! with! relevant! ethical! requirements! regarding! independence&! and! to!communicate!with!them!all!relationships!and!other!matters!that!may!reasonably!be!thought!to!bear!on!our!independence&!and!where! applicable&!actions!taken!to!eliminate!threats!or!safeguards!applied' From!the!matters!communicated!with!the!directors&!we!determine!those!matters!that!were!of!most!significance!in!the!audit!of!the!financial! statements!of!the!Group!and!of!the!Company!for!the!current!year!and!are!therefore!the!key!audit!matters'!We!describe!these!matters!in!our! auditors’!report!unless!law!or!regulation!precludes!public!disclosure!about!the!matter!or!when&!in!extremely!rare!circumstances&!we!determine! that!a!matter!should!not!be!communicated!in!our!report!because!the!adverse!consequences!of!doing!so!would!reasonably!be!expected!to! outweigh!the!public!interest!benefits!of!such!communication' 183 FINANCIAL STATEMENTS & OTHER INFORMATION
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