ANNUAL REPORT 2014
33
On quarterly basis, internal audit submits audit reports and status of the internal audit plan for review and approval
by the AC. Audit reports also encompassed recommendations for improvements which were deemed practical and
necessary for implementation by management. Follow-up reviews were carried out to ascertain that management
action plans had been duly implemented. The internal audit function also assisted the Group Risk Management
Committee in discharging its responsibilities by ensuring that the on-going risk management process had been duly
accomplished.
During the financial year ended 31 December 2014, the total cost incurred for the internal audit function was
RM471,528 (2013: RM420,345).
AUDIT COMMITTEE
REPORT
