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Asia Media Group Berhad
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Annual Report 2015
Audit Committee Report
(continued)
D. SUMMARY OF ACTIVITIES DURING THE FINANCIAL YEAR
The principal activities undertaken by the Audit Committee during the financial year are
summarised as follows:-
(1) Reviewed the unaudited quarterly financial results prior to submission to the Board for
consideration and approval for the announcement to be released.
(2) Reviewed the annual audited financial statements, Directors’ and Auditors’ Reports and
other significant accounting issues arising from the audit of the financial year ended 31
December 2015.
(3) Reviewed the Corporate Governance Statement, Audit Committee Report and Risk
Management and Internal Control Statement prior to submission to the Board for approval
and inclusion in the 2015 annual report.
E. Internal Audit Function
SUMMARYOFACTIVITIES OF INTERNALAUDIT DEPARTMENT DURING FINANCIALYEAR
ENDED 31 DECEMBER 2015
The Independent Internal Auditor performed audit visits to all relevant departments and subsidiary
on a regular basis. The objectives of such visits are to determine whether adequate controls
have been established and are operating in the Group.
Internal Audit reports are issued to highlight any deficiency or findings requiring the management’s
attention. Such reports include practical and cost effective recommendations as well as proposed
corrective actions to be adopted by the management. The internal audit reports are then circulated
to the Audit Committee for review and comments. Follow-up audits and review are then carried
out to determine whether appropriate corrective actions have been taken by the management.
This statement was made in accordance with a resolution of the Board dated 25 April 2016.