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Asia Media Group Berhad
►
Annual Report 2015
•
he must have passed the examinations specified in Part I of the First Schedule
of the Accountants Act 1967; or
•
he must be a member of one of the associations of accountants specified in
Part II of the First Schedule of the Accountants Act 1967; or
(c) fulfils such other requirements as prescribed or approved by the Bursa Securities.
The Board of Directors must ensure that no Alternate Director is appointed as a committee
member.
In the event of any vacancy in the committee resulting in the non-compliance of the Listing
Requirements pertaining to composition of Audit Committee, the Board of Directors must fill the
vacancy within 3 months of the occurrence of that event.
The Board of Directors should assess the effectiveness of the Audit Committee and each of its
members at least once every 3 years to determine whether such committee and members have
carried out their duties in accordance with their Terms of Reference.
Authority
The Audit Committee shall, in accordance with a procedure to be determined by the Board and
at the expense of the Company:-
(a) Be authorised to investigate any activity within its terms of reference;
(b) Have direct communication channel with both the external and internal auditors as well as
employees of the Group;
(c) Have full and unrestricted access to any information pertaining to the Company or the
Group;
(d) Obtain outside legal or other independent professional advice and secure the attendance
of outsiders with relevant experience and expertise if it deems necessary;
(e) Be able to convene meetings with the external auditors, the internal auditors or both,
excluding the attendance of other directors and management, if necessary; and
(f) Be able to make relevant reports when necessary to the relevant authorities if a breach of
the Bursa Securities Main Market Listing Requirements occurs.
Audit Committee Report
(continued)