27
Techno
Dex
Berhad
(627634-A)
ANNUAL REPORT 2016
The principal objective of the Audit Committee is to assist the Board of Directors (“the Board”) in discharging its
statutory duties and responsibilities in relation to corporate governance, internal control systems, risk management
framework, management and financial reporting practices of the Company and its subsidiaries (“the Group”) and to
ensure proper disclosure to the shareholders of the Company.
MEMBERS
The current members of the Audit Committee are as follows:
Mr. Tan Tian Wooi
(Chairman, Independent Non-Executive Director)
Mr. Steven Wong Chin Fung
(Member, Senior Independent Non-Executive Director)
Mr. Koo Teck Seong
(Member, Independent Non-Executive Director)
The Terms of Reference of the Audit Committee can be accessed from the corporate website of the Company at
SUMMARY OF WORKS DURING THE FINANCIAL YEAR
During the financial year under review, the Audit Committee convened five (5) meetings. Details of attendance of the
members of the Audit Committee at those meetings are as follows:
Committee Members
No. of meetings attended
Mr. Tan Tian Wooi
5 of 5
Mr. Steven Wong Chin Fung
5 of 5
Mr. Koo Teck Seong
5 of 5
The following is a summary of the main works carried out by the Audit Committee during the financial year under
review:
i.
In overseeing the Company’s financial reporting, reviewed the four (4) quarterly financial results and annual audited
financial statements of the Group and the Company including the announcements pertaining thereto. Discussion
focused particularly on any change in accounting policies and practices, significant adjustments arising from
the audit and compliance with accounting standards and other legal requirements before recommending to the
Board for approval and release of the Group’s results to Bursa Securities.
ii.
Reviewed with External Auditors on the results and issues arising from their audit of the financial year end
statements and their resolutions of such issues highlighted in their report to the Audit Committee.
iii.
Considered and recommended the re-appointment of Messrs. CHI-LLTC as the External Auditors and their audit
fee to the Board for consideration based on the competency, efficiency and transparency as demonstrated by
the Auditors during their audit for financial year 30 April 2015;
iv.
To ensure that the scope of external audit is comprehensive, reviewed the Audit Planning Memorandum for
financial year ended 30 April 2016 with the External Auditors before the audit commences.
v.
Reviewed with the Internal Auditor, the internal audit plan to ensure the adequacy of the scope, functions and
resources and that it has the necessary authority to carry out its work.
vi.
Reviewed the reports for the internal audit function and considered the findings of internal audit investigations
and management responses thereon, and ensure that appropriate actions are taken on the recommendations
raised by the Internal Auditors.
REPORT OF THE
AUDIT COMMITTEE
