116 Additional Information We Are Kenanga Leadership Message Our Sustainability Approach How We Are Governed Financial Statements Shareholders’ Information AUDIT COMMITTEE REPORT 2.2 The Group Chief Internal Auditor (“GCIA”) attended all meetings of the AC to present the respective internal audit reports. As and when necessary, the AC would request the attendance of relevant personnel at its meetings to brief the AC on specific issues arising from the internal audit reports. The Group Chief Financial and Operations Officer (“GCFOO”) and the Head of Group Finance on the other hand, attended the AC meeting to present the unaudited quarterly financial statements, audited financial statements, as well as other financial reporting related matters for the AC’s deliberation and recommendation to the Board for approval. 2.3 In addition, separate private discussions were also held between the Chairman of the AC and/or the AC with the GCIA and between the AC and the External Auditors, Ernst & Young PLT (“EY”), without the presence of Management. During the period under review, the AC met with the External Auditors without Management’s presence twice i.e., on 24 February 2022 and 25 October 2022, after the tabling of the Update Report in respect of the Financial Year Ended 31 December 2021’s audit and the External Auditors’ 2022 Audit Plan respectively. During these meetings, the AC sought the feedback from the External Auditors with regard to the support provided by Management in terms of providing timely and accurate information, as well as the adequacy of resources in the financial reporting functions. Based on the External Auditors’ feedback, Management was noted to have provided full cooperation to the External Auditors in the course of the External Auditors’ audit assignments. The External Auditors had also indicated that Management had been very pro-active in approaching them for any issues arising during the year, which contributed to an effective audit planning by the External Auditors. 2.4 In fulfilling its reporting responsibility to the Board, after each meeting, the Chairman of the AC reported the AC’s deliberations and recommendations to the Board. The Minutes of each AC meeting were recorded and tabled for confirmation at the following AC meeting and subsequently presented to the Board for notation. 2.5 AC Members’ Attendance at Meetings The details of the AC members’ attendance at its meetings held during the Financial Year Ended 31 December 2022 are as stated below. Audit Committee (“AC”) Number of Meetings Name of Director Held(1) (2) Attended Percentage (%) Encik Jeremy Nasrulhaq (Chairman) 8 8 100.0% Mr. Luk Wai Hong, William(3) 8 8(4) 100.0% Mr. Kanagaraj Lorenz 8 8 100.0% Puan Norazian Ahmad Tajuddin(5) 0 0 0.0% Notes: (1) Reflects the number of meetings held during the time the Director held office. (2) Total number of meetings held was inclusive of one (1) joint meeting between AC and GBRC which was held on 30 August 2022. (3) Ceased to be a member of the AC on 1 November 2022. (4) Attended all the eight (8) meetings held up to 25 October 2022. (5) Appointed as a member of the AC on 1 November 2022.
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