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a)
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Recommending
to the Board the appointment of external auditors.
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b)
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Consideration
of questions regarding resignation or removal
of external directors, audit fees and provision
by the external auditors of any service to the
company in addition to the audit of the financial
statements.
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c)
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determination
of appropriate measures to safeguard the company’s
assets.
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d) |
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review
of preliminary announcements of results prior
to publication.
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e) |
|
review of
quarterly, half-yearly and annual financial statements of
the listed company, prior to their approval by the Board of
Directors, focusing on:
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major judgmental areas;
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significant adjustments resulting from the audit;
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the going-concern assumption;
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any changes in accounting policies and practices;
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compliance with applicable accounting standards; and
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compliance with listing regulations and other statutory and regulatory requirements.
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f) |
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facilitating
the external audit and discussion with external
auditors of major observations arising from interim
and final audits and any matter that the auditors
may wish to highlight (in the absence of management,
where necessary).
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g) |
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review
of management letter issued by external auditors
and management’s response thereto.
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h) |
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ensuring coordination between the internal and external auditors of the company.
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i) |
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review of the scope and extent of internal audit and ensuring that the internal audit function has adequate
resources and is appropriately placed within the company.
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j) |
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consideration of major findings of internal investigations and management's response thereto.
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k) |
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ascertaining that the internal control system including financial and operational controls, accounting
system and reporting structure are adequate and effective.
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l) |
|
review of the company’s statement on internal control systems
prior to endorsement by the Board of Directors.
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m) |
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instituting special projects, value for money studies or
other investigations on any matter specified by the Board of Directors, in consultation with the
Chief Executive and to consider remittance of any matter to the external auditors or to any other external body.
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n) |
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determination of compliance with relevant statutory requirements.
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o) |
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monitoring compliance with the best practices of corporate governance and identification of
significant violations thereof.
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p) |
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consideration of any other issue or matter as may be assigned by the Board of Directors.
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