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JAYA TIASA HOLDINGS BERHAD
Audit Committee Report (cont’d)
4 Meetings and Attendance
The Audit Committee met Six (6) times during the financial year ended 30 June 2015. The Chief Executive Officer was
invited to all Audit Committee meetings to facilitate direct communication as well as to provide clarification on audit
issues and the Group’s operations. The Chief Financial Officer, Head of Internal Audit as well as External Auditors
were also in attendance to brief on specific issues. The Chairman reported to the Board of Directors (“Board”) on the
Audit Committee’s deliberations at each Board meeting held immediately after the conclusion of the Audit Committee
meeting. Details of the attendance of the members are as follows:
Meeting
Members
Attendance
Gen (Rtd) Tan Sri Abdul Rahman Bin Abdul Hamid
6/6
Mr John Leong Chung Loong
6/6
Dato’ Wong Lee Yun
6/6
Datuk Talib Bin Haji Jamal
6/6
SUMMARY OF ACTIVITIES OF THE AUDIT COMMITTEE
The Audit Committee’s activities during the financial year included the following:-
a.
Reviewed the quarterly unaudited financial statements for announcement to Bursa Securities before recommending
the same to the Board for approval;
b.
Approved the annual audit plan for the calendar year 2015;
c.
Deliberated the Group’s internal audit reports on the status and progress of internal audit assignments, audit
recommendations made and management responses to these recommendations;
d.
Reviewed the related party transactions entered into by the Group to ensure compliance with Listing Requirement
of Bursa Securities;
e.
Reviewed the Audit Committee Report and the Statement on Risk Management and Internal Control prior to publishing
the same in the Annual Report;
f.
Assessed the suitability and independence of External Auditors and the services provided, including non-audit
services;
g.
Met with the External Auditors twice a year and:-
• Reviewed the audited financial statements of the Group and Company prior to submission to the board for
their consideration and approval;
• Reviewed the External Auditors’ audit plan, area of audit emphasis and fees for the statutory audit prior to the
commencement of the statutory audit for the financial year 2015;
• Considered the report of the External Auditors on regulatory as well as accounting developments and their
impact on the Group; and
• Reviewed the results of the annual audit and significant audit issues arising therefrom together with
management’s responses to the findings.
