KENANGA ANNUAL REPORT 2017

Auditors’ responsibility for the audit of the financial statements (Cont’d.) 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 Bank 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. OTHER MATTERS This report is made solely to the members of the Bank, as a body, in accordance with Section 266 of the Companies Act 2016 in Malaysia and for no other purpose. We do not assume responsibility to any other person for the content of this report. Ernst & Young Chan Hooi Lam AF: 0039 No. 02844/02/2020 J Chartered Accountants Chartered Accountant Kuala Lumpur, Malaysia 14 March 2018 Kenanga Investment Bank Berhad 86 independent auditors’ report to the Members of Kenanga Investment Bank Berhad (Incorporated in Malaysia)